GILDAN: 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.
GILDAN
Largest movements
- Receivables within one year -€74,961
down €74,961 (-26.0%), from €287,822 to €212,861
of which Trade receivables: -€225,356
- Tangible fixed assets +€68,002
up €68,002 (+18.9%), from €360,538 to €428,540
of which Plant, machinery and equipment: +€88,167
- Stocks and contracts +€64,102
up €64,102 (+31.8%), from €201,500 to €265,602
- Intangible fixed assets +€20,854
up €20,854 (+13.2%), from €158,055 to €178,909
- Tax, wage and social debts +€31,875
new in 2026: €31,875
- Reserves +€29,335
up €29,335 (+53.6%), from €54,732 to €84,067
of which Distributable reserves: +€27,868
- Other debts +€25,660
up €25,660 (+9.0%), from €284,933 to €310,593
- Current portion of long-term debt -€16,813
down €16,813 (-47.2%), from €35,624 to €18,811
- Purchases and services -€108,404
down €108,404 (-23.6%), from €458,411 to €350,007
- Turnover -€81,565
down €81,565 (-13.6%), from €599,599 to €518,034
- Gross operating margin +€26,839
up €26,839 (+19.0%), from €141,188 to €168,027
- Depreciation +€10,825
up €10,825 (+11.1%), from €97,949 to €108,774
- Financial charges -€10,686
down €10,686 (-38.3%), from €27,935 to €17,249
From the 2025 result to the 2026 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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,007,935 | €1,085,992 | +€78,057 | +7.7% |
| Fixed assets | 21/28 | €518,613 | €607,529 | +€88,916 | +17.1% |
| Intangible fixed assets | 21 | €158,055 | €178,909 | +€20,854 | +13.2% |
| Tangible fixed assets | 22/27 | €360,538 | €428,540 | +€68,002 | +18.9% |
| Land and buildings | 22 | €214,941 | €193,186 | -€21,755 | -10.1% |
| Plant, machinery and equipment | 23 | €87,294 | €175,461 | +€88,167 | +101.0% |
| Furniture and vehicles | 24 | €58,303 | €59,893 | +€1,590 | +2.7% |
| Financial fixed assets | 28 | €20 | €80 | +€60 | +300.0% |
| Current assets | 29/58 | €489,322 | €478,463 | -€10,859 | -2.2% |
| Stocks and contracts in progress | 3 | €201,500 | €265,602 | +€64,102 | +31.8% |
| Stocks | 30/36 | €201,500 | €265,602 | +€64,102 | +31.8% |
| Amounts receivable within one year | 40/41 | €287,822 | €212,861 | -€74,961 | -26.0% |
| Trade receivables | 40 | €282,643 | €57,287 | -€225,356 | -79.7% |
| Other amounts receivable | 41 | €5,179 | €155,574 | +€150,395 | +2903.9% |
| Total equity and liabilities | 10/49 | €1,007,935 | €1,085,992 | +€78,057 | +7.7% |
| Equity | 10/15 | €373,332 | €402,667 | +€29,335 | +7.9% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Capital | 10 | €318,600 | €318,600 | = | 0.0% |
| Issued capital | 100 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €54,732 | €84,067 | +€29,335 | +53.6% |
| Non-distributable reserves | 130/1 | €3,608 | €5,075 | +€1,467 | +40.7% |
| Legal reserve | 130 | €3,608 | €5,075 | +€1,467 | +40.7% |
| Distributable reserves | 133 | €51,124 | €78,992 | +€27,868 | +54.5% |
| Amounts payable | 17/49 | €634,603 | €683,325 | +€48,722 | +7.7% |
| Amounts payable after more than one year | 17 | €311,160 | €310,669 | -€491 | -0.2% |
| Financial debts | 170/4 | €311,160 | €310,669 | -€491 | -0.2% |
| Amounts payable within one year | 42/48 | €323,443 | €372,656 | +€49,213 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €35,624 | €18,811 | -€16,813 | -47.2% |
| Trade debts | 44 | €2,886 | €11,377 | +€8,491 | +294.2% |
| Suppliers | 440/4 | €2,886 | €11,377 | +€8,491 | +294.2% |
| Taxes, remuneration and social security | 45 | - | €31,875 | +€31,875 | |
| Taxes | 450/3 | - | €31,875 | +€31,875 | |
| Other amounts payable | 47/48 | €284,933 | €310,593 | +€25,660 | +9.0% |
| Turnover | 70 | €599,599 | €518,034 | -€81,565 | -13.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €458,411 | €350,007 | -€108,404 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,949 | €108,774 | +€10,825 | +11.1% |
| Other operating charges | 640/8 | €9,708 | €12,670 | +€2,962 | +30.5% |
| Gross operating margin | 9900 | €141,188 | €168,027 | +€26,839 | +19.0% |
| Operating profit (loss) | 9901 | €33,531 | €46,583 | +€13,052 | +38.9% |
| Financial charges | 65/66B | €27,935 | €17,249 | -€10,686 | -38.3% |
| Recurring financial charges | 65 | €27,935 | €17,249 | -€10,686 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €5,596 | €29,334 | +€23,738 | +424.2% |
| Profit (loss) for the period | 9904 | €5,596 | €29,334 | +€23,738 | +424.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,596 | €29,334 | +€23,738 | +424.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.