GIACOMO MODA & C: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
GIACOMO MODA & C
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€180,096
2024 · €265,122-€85,026
Equity
€1.7m
2024 · €1.5m+€180,096
Cash
€1.5m
2024 · €1.3m+€242,514
Balance sheet total
€4.0m
2024 · €3.9m+€63,017
Largest movements
Assets
- Cash +€242,514
up €242,514 (+19.3%), from €1.3m to €1.5m
mainly Net result for the year (+€180,096) and Depreciation (+€155,075)
- Tangible fixed assets -€114,251
down €114,251 (-19.2%), from €596,205 to €481,954
- Stocks and contracts -€45,945
down €45,945 (-6.2%), from €742,212 to €696,267
Equity and liabilities
- Profit (loss) carried forward +€180,096
up €180,096 (+20.5%), from €877,064 to €1.1m
- Debts after one year -€87,050
down €87,050 (-45.9%), from €189,664 to €102,614
Income statement
- Write-downs -€226,944
down €226,944, from €168,393 to -€58,551
- Gross operating margin -€208,303
down €208,303 (-8.4%), from €2.5m to €2.3m
- Other operating charges +€100,457
up €100,457 (+108%), from €92,871 to €193,328
- Staff costs +€29,524
up €29,524 (+1.8%), from €1.7m to €1.7m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€265,122
Gross operating margin
-€208,303
Staff costs
-€29,524
Depreciation
-€758
Write-downs
+€226,944
Other operating charges
-€100,457
Other operating items
+€6,341
Financial income
-€8,936
Financial charges
+€5,749
Taxes
+€23,919
Result 2025
€180,096
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€364,716
Investment
-€11,649
Financing
-€110,553
Cash 2024
€1.3m
From operations (derived)
+€364,716
Net result for the year
+€180,096
Depreciation
+€155,075
Stocks and contracts
+€45,945
Receivables within one year
-€19,386
Deferred charges and accrued income
+€9,511
Trade debts
+€15,429
Tax, wage and social debts
-€22,052
Accrued charges and deferred income
+€98
Investment (derived)
-€11,649
Investment in fixed assets (net)
-€11,649
Financing
-€110,553
Debts after one year
-€87,050
Current portion of long-term debt
+€3,578
Short-term financial debts
-€27,081
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,934,228 | €3,997,245 | +€63,017 | +1.6% |
| Fixed assets | 21/28 | €771,901 | €628,474 | -€143,427 | -18.6% |
| Intangible fixed assets | 21 | €126,353 | €97,178 | -€29,176 | -23.1% |
| Tangible fixed assets | 22/27 | €596,205 | €481,954 | -€114,251 | -19.2% |
| Land and buildings | 22 | €419,104 | €364,036 | -€55,068 | -13.1% |
| Plant, machinery and equipment | 23 | €18,997 | €15,477 | -€3,520 | -18.5% |
| Furniture and vehicles | 24 | €82,348 | €45,125 | -€37,224 | -45.2% |
| Leasing and similar rights | 25 | €28,955 | €20,411 | -€8,544 | -29.5% |
| Other tangible fixed assets | 26 | €46,801 | €36,906 | -€9,895 | -21.1% |
| Financial fixed assets | 28 | €49,342 | €49,342 | = | 0.0% |
| Current assets | 29/58 | €3,162,328 | €3,368,772 | +€206,444 | +6.5% |
| Stocks and contracts in progress | 3 | €742,212 | €696,267 | -€45,945 | -6.2% |
| Stocks | 30/36 | €742,212 | €696,267 | -€45,945 | -6.2% |
| Amounts receivable within one year | 40/41 | €1,132,329 | €1,151,715 | +€19,386 | +1.7% |
| Trade receivables | 40 | €1,039,000 | €972,773 | -€66,227 | -6.4% |
| Other amounts receivable | 41 | €93,329 | €178,942 | +€85,613 | +91.7% |
| Cash at bank and in hand | 54/58 | €1,258,548 | €1,501,062 | +€242,514 | +19.3% |
| Deferred charges and accrued income | 490/1 | €29,238 | €19,727 | -€9,511 | -32.5% |
| Total equity and liabilities | 10/49 | €3,934,228 | €3,997,245 | +€63,017 | +1.6% |
| Equity | 10/15 | €1,549,824 | €1,729,920 | +€180,096 | +11.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €666,260 | €666,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,945 | €51,945 | = | 0.0% |
| Distributable reserves | 133 | €614,315 | €614,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €877,064 | €1,057,160 | +€180,096 | +20.5% |
| Amounts payable | 17/49 | €2,384,404 | €2,267,326 | -€117,079 | -4.9% |
| Amounts payable after more than one year | 17 | €189,664 | €102,614 | -€87,050 | -45.9% |
| Financial debts | 170/4 | €189,664 | €102,614 | -€87,050 | -45.9% |
| Amounts payable within one year | 42/48 | €2,191,621 | €2,161,494 | -€30,126 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €83,472 | €87,050 | +€3,578 | +4.3% |
| Financial debts | 43 | €27,081 | - | -€27,081 | |
| Other loans | 439 | €27,081 | - | -€27,081 | |
| Trade debts | 44 | €1,689,083 | €1,704,512 | +€15,429 | +0.9% |
| Suppliers | 440/4 | €1,689,083 | €1,704,512 | +€15,429 | +0.9% |
| Taxes, remuneration and social security | 45 | €391,984 | €369,932 | -€22,052 | -5.6% |
| Taxes | 450/3 | €200,036 | €174,723 | -€25,312 | -12.7% |
| Remuneration and social security | 454/9 | €191,948 | €195,208 | +€3,260 | +1.7% |
| Accrued charges and deferred income | 492/3 | €3,120 | €3,218 | +€98 | +3.1% |
| Non-recurring operating income | 76A | €1,225 | - | -€1,225 | |
| Remuneration, social security and pensions | 62 | €1,666,057 | €1,695,581 | +€29,524 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,317 | €155,075 | +€758 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €168,393 | -€58,551 | -€226,944 | |
| Other operating charges | 640/8 | €92,871 | €193,328 | +€100,457 | +108% |
| Non-recurring operating charges | 66A | €6,341 | - | -€6,341 | |
| Gross operating margin | 9900 | €2,478,416 | €2,270,113 | -€208,303 | -8.4% |
| Operating profit (loss) | 9901 | €390,437 | €284,679 | -€105,758 | -27.1% |
| Financial income | 75/76B | €21,408 | €12,471 | -€8,936 | -41.7% |
| Recurring financial income | 75 | €21,408 | €12,471 | -€8,936 | -41.7% |
| Financial charges | 65/66B | €47,775 | €42,026 | -€5,749 | -12.0% |
| Recurring financial charges | 65 | €47,775 | €42,026 | -€5,749 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €364,069 | €255,124 | -€108,945 | -29.9% |
| Income taxes | 67/77 | €98,947 | €75,029 | -€23,919 | -24.2% |
| Profit (loss) for the period | 9904 | €265,122 | €180,096 | -€85,026 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €265,122 | €180,096 | -€85,026 | -32.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.