GILCOTEX: what changed
Two fiscal 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
GILCOTEX
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€17,477
2023 · -€129,336+€146,813
Equity
-€79,201
2023 · -€96,678+€17,477
Cash
€5,138
2023 · €1,680+€3,458
Balance sheet total
€434,522
2023 · €432,001+€2,522
Largest movements
Assets
- Stocks and contracts +€6,819
up €6,819 (+2.4%), from €289,778 to €296,598
Equity and liabilities
- Trade debts -€84,450
down €84,450 (-33.9%), from €248,768 to €164,318
- Debts after one year +€46,521
up €46,521 (+22.0%), from €211,449 to €257,969
- Tax, wage and social debts +€22,043
up €22,043 (+33.9%), from €64,933 to €86,976
of which Taxes: +€19,776
- Profit (loss) carried forward +€17,477
up €17,477 (+10.0%), from -€175,356 to -€157,879
Income statement
- Gross operating margin +€165,107
up €165,107, from -€103,972 to €61,135
- Write-downs +€9,189
up €9,189, from -€8,729 to €460
- Financial charges +€4,164
up €4,164 (+116.6%), from €3,570 to €7,735
- Staff costs +€2,738
up €2,738 (+16.5%), from €16,563 to €19,301
From the 2023 result to the 2024 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 2023
-€129,336
Gross operating margin
+€165,107
Staff costs
-€2,738
Depreciation
-€870
Write-downs
-€9,189
Other operating charges
-€336
Other operating items
-€1,000
Financial income
+€4
Financial charges
-€4,164
Result 2024
€17,477
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€36,570
Investment
-€6,493
Financing
+€46,521
Cash 2023
€1,680
From operations (derived)
-€36,570
Net result for the year
+€17,477
Depreciation
+€9,223
Stocks and contracts
-€6,819
Receivables within one year
+€3,560
Deferred charges and accrued income
+€1,465
Trade debts
-€84,450
Tax, wage and social debts
+€22,043
Other debts
-€115
Accrued charges and deferred income
+€1,047
Investment (derived)
-€6,493
Investment in fixed assets (net)
-€6,493
Financing
+€46,521
Debts after one year
+€46,521
Cash 2024
€5,138
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,001 | €434,522 | +€2,522 | +0.6% |
| Fixed assets | 21/28 | €87,620 | €84,890 | -€2,731 | -3.1% |
| Tangible fixed assets | 22/27 | €66,500 | €63,769 | -€2,731 | -4.1% |
| Furniture and vehicles | 24 | €3,500 | €2,182 | -€1,318 | -37.6% |
| Other tangible fixed assets | 26 | €63,000 | €61,587 | -€1,413 | -2.2% |
| Financial fixed assets | 28 | €21,120 | €21,120 | = | 0.0% |
| Current assets | 29/58 | €344,380 | €349,633 | +€5,253 | +1.5% |
| Stocks and contracts in progress | 3 | €289,778 | €296,598 | +€6,819 | +2.4% |
| Stocks | 30/36 | €289,778 | €296,598 | +€6,819 | +2.4% |
| Amounts receivable within one year | 40/41 | €51,208 | €47,649 | -€3,560 | -7.0% |
| Trade receivables | 40 | €50,468 | €46,700 | -€3,768 | -7.5% |
| Other amounts receivable | 41 | €740 | €948 | +€208 | +28.1% |
| Cash at bank and in hand | 54/58 | €1,680 | €5,138 | +€3,458 | +205.8% |
| Deferred charges and accrued income | 490/1 | €1,713 | €248 | -€1,465 | -85.5% |
| Total equity and liabilities | 10/49 | €432,001 | €434,522 | +€2,522 | +0.6% |
| Equity | 10/15 | -€96,678 | -€79,201 | +€17,477 | +18.1% |
| Contributions | 10/11 | €78,678 | €78,678 | = | 0.0% |
| Outside capital | 11 | €78,678 | €78,678 | = | 0.0% |
| Other | 1109/19 | €78,678 | €78,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,356 | -€157,879 | +€17,477 | +10.0% |
| Provisions and deferred taxes | 16 | €1,500 | €1,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,500 | €1,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable | 17/49 | €527,178 | €512,223 | -€14,955 | -2.8% |
| Amounts payable after more than one year | 17 | €211,449 | €257,969 | +€46,521 | +22.0% |
| Other amounts payable | 178/9 | €211,449 | €257,969 | +€46,521 | +22.0% |
| Amounts payable within one year | 42/48 | €313,816 | €251,293 | -€62,523 | -19.9% |
| Trade debts | 44 | €248,768 | €164,318 | -€84,450 | -33.9% |
| Suppliers | 440/4 | €248,768 | €164,318 | -€84,450 | -33.9% |
| Taxes, remuneration and social security | 45 | €64,933 | €86,976 | +€22,043 | +33.9% |
| Taxes | 450/3 | €63,155 | €82,931 | +€19,776 | +31.3% |
| Remuneration and social security | 454/9 | €1,778 | €4,044 | +€2,266 | +127.4% |
| Other amounts payable | 47/48 | €115 | - | -€115 | |
| Accrued charges and deferred income | 492/3 | €1,913 | €2,960 | +€1,047 | +54.7% |
| Remuneration, social security and pensions | 62 | €16,563 | €19,301 | +€2,738 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,353 | €9,223 | +€870 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,729 | €460 | +€9,189 | |
| Other operating charges | 640/8 | €5,614 | €5,949 | +€336 | +6.0% |
| Non-recurring operating charges | 66A | €1,250 | €2,250 | +€1,000 | +80.0% |
| Gross operating margin | 9900 | -€103,972 | €61,135 | +€165,107 | |
| Operating profit (loss) | 9901 | -€127,022 | €23,952 | +€150,974 | |
| Financial income | 75/76B | €6 | €10 | +€4 | +56.0% |
| Recurring financial income | 75 | €6 | €10 | +€4 | +56.0% |
| Financial charges | 65/66B | €3,570 | €7,735 | +€4,164 | +116.6% |
| Recurring financial charges | 65 | €3,570 | €7,735 | +€4,164 | +116.6% |
| Profit (loss) for the period before taxes | 9903 | -€130,586 | €16,227 | +€146,813 | |
| Income taxes | 67/77 | -€1,250 | -€1,250 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€129,336 | €17,477 | +€146,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,336 | €17,477 | +€146,813 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.