GLOBAL SAFETY: what changed
What changed
GLOBAL SAFETY
NACE 46.160, Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €4.0m+€19,989
Equity
€27.3m
2024 · €23.3m+€4.0m
Cash
€0
2024 · €472,857-€472,857
Balance sheet total
€39.3m
2024 · €38.1m+€1.3m
Largest movements
Assets
- Receivables within one year +€762,724
up €762,724 (+3.6%), from €21.4m to €22.2m
of which Other amounts receivable: +€1.8m
- Stocks and contracts +€683,195
up €683,195 (+4.4%), from €15.6m to €16.3m
- Cash -€472,857
down €472,857 (-100%), from €472,857 to €0
mainly Trade debts (-€2.9m) and Receivables within one year (-€762,724)
Equity and liabilities
- Reserves +€4.0m
up €4.0m (+20.4%), from €19.6m to €23.6m
of which Distributable reserves: +€4.0m
- Trade debts -€2.9m
down €2.9m (-20.9%), from €13.9m to €11.0m
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4.0m
Turnover
-€81,834
Other operating income
-€7,758
Goods and materials
+€99,190
Services and other goods
-€244,769
Staff costs
+€69,650
Depreciation
-€46,578
Write-downs
+€216,386
Other operating charges
-€155
Other operating items
-€13,486
Financial income
+€89,362
Financial charges
-€74,752
Taxes
+€14,734
Result 2025
€4.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€245,979
Investment
-€226,879
Financing
€0
Cash 2024
€472,857
From operations (derived)
-€245,979
Net result for the year
+€4.0m
Depreciation
+€137,783
Stocks and contracts
-€683,195
Receivables within one year
-€762,724
Deferred charges and accrued income
-€195,103
Trade debts
-€2.9m
Tax, wage and social debts
+€124,829
Accrued charges and deferred income
+€47,952
Investment (derived)
-€226,879
Investment in fixed assets (net)
-€226,879
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,079,610 | €39,336,871 | +€1.3m | +3.3% |
| Fixed assets | 21/28 | €421,906 | €511,002 | +€89,096 | +21.1% |
| Tangible fixed assets | 22/27 | €414,553 | €503,648 | +€89,096 | +21.5% |
| Plant, machinery and equipment | 23 | €190,652 | €443,479 | +€252,827 | +133% |
| Furniture and vehicles | 24 | €35,947 | €29,509 | -€6,438 | -17.9% |
| Other tangible fixed assets | 26 | €9,162 | €6,545 | -€2,618 | -28.6% |
| Assets under construction and advance payments | 27 | €178,792 | €24,116 | -€154,676 | -86.5% |
| Financial fixed assets | 28 | €7,354 | €7,354 | = | 0.0% |
| Affiliated companies | 280/1 | €3,416 | €3,416 | = | 0.0% |
| Participating interests | 280 | €3,416 | €3,416 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,938 | €3,938 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,938 | €3,938 | = | 0.0% |
| Current assets | 29/58 | €37,657,704 | €38,825,869 | +€1.2m | +3.1% |
| Stocks and contracts in progress | 3 | €15,601,753 | €16,284,948 | +€683,195 | +4.4% |
| Stocks | 30/36 | €15,601,753 | €16,284,948 | +€683,195 | +4.4% |
| Raw materials and consumables | 30/31 | €1,400 | €2,662 | +€1,262 | +90.2% |
| Work in progress | 32 | €3,469 | €6,278 | +€2,808 | +80.9% |
| Finished goods | 33 | €13,660 | €11,289 | -€2,371 | -17.4% |
| Goods purchased for resale | 34 | €14,624,761 | €15,620,969 | +€996,207 | +6.8% |
| Advance payments | 36 | €958,463 | €643,751 | -€314,712 | -32.8% |
| Amounts receivable within one year | 40/41 | €21,422,960 | €22,185,684 | +€762,724 | +3.6% |
| Trade receivables | 40 | €9,854,642 | €8,820,045 | -€1.0m | -10.5% |
| Other amounts receivable | 41 | €11,568,318 | €13,365,639 | +€1.8m | +15.5% |
| Cash at bank and in hand | 54/58 | €472,857 | €0 | -€472,857 | -100% |
| Deferred charges and accrued income | 490/1 | €160,133 | €355,236 | +€195,103 | +122% |
| Total equity and liabilities | 10/49 | €38,079,610 | €39,336,871 | +€1.3m | +3.3% |
| Equity | 10/15 | €23,332,086 | €27,334,385 | +€4.0m | +17.2% |
| Contributions | 10/11 | €3,700,000 | €3,700,000 | = | 0.0% |
| Capital | 10 | €3,700,000 | €3,700,000 | = | 0.0% |
| Issued capital | 100 | €3,700,000 | €3,700,000 | = | 0.0% |
| Reserves | 13 | €19,632,086 | €23,634,385 | +€4.0m | +20.4% |
| Non-distributable reserves | 130/1 | €370,000 | €370,000 | = | 0.0% |
| Legal reserve | 130 | €370,000 | €370,000 | = | 0.0% |
| Distributable reserves | 133 | €19,262,086 | €23,264,385 | +€4.0m | +20.8% |
| Amounts payable | 17/49 | €14,747,524 | €12,002,486 | -€2.7m | -18.6% |
| Amounts payable within one year | 42/48 | €14,747,524 | €11,954,533 | -€2.8m | -18.9% |
| Trade debts | 44 | €13,933,759 | €11,015,939 | -€2.9m | -20.9% |
| Suppliers | 440/4 | €13,933,759 | €11,015,939 | -€2.9m | -20.9% |
| Taxes, remuneration and social security | 45 | €813,765 | €938,594 | +€124,829 | +15.3% |
| Taxes | 450/3 | €737,545 | €895,821 | +€158,277 | +21.5% |
| Remuneration and social security | 454/9 | €76,220 | €42,773 | -€33,447 | -43.9% |
| Accrued charges and deferred income | 492/3 | - | €47,952 | +€47,952 | |
| Operating income | 70/76A | €84,846,115 | €84,756,523 | -€89,592 | -0.1% |
| Turnover | 70 | €84,835,482 | €84,753,647 | -€81,834 | -0.1% |
| Other operating income | 74 | €10,633 | €2,875 | -€7,758 | -73.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €80,040,056 | €79,959,818 | -€80,238 | -0.1% |
| Goods for resale, raw materials and consumables | 60 | €72,770,592 | €72,671,402 | -€99,190 | -0.1% |
| Purchases | 600/8 | €72,441,640 | €73,272,231 | +€830,591 | +1.1% |
| Change in stocks: decrease (increase) | 609 | €328,952 | -€600,829 | -€929,781 | |
| Services and other goods | 61 | €6,909,250 | €7,154,019 | +€244,769 | +3.5% |
| Remuneration, social security and pensions | 62 | €444,917 | €375,267 | -€69,650 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,205 | €137,783 | +€46,578 | +51.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€177,317 | -€393,702 | -€216,386 | -122% |
| Other operating charges | 640/8 | €1,359 | €1,514 | +€155 | +11.4% |
| Non-recurring operating charges | 66A | €49 | €13,536 | +€13,486 | +27,272% |
| Operating profit (loss) | 9901 | €4,806,058 | €4,796,704 | -€9,354 | -0.2% |
| Financial income | 75/76B | €597,855 | €687,217 | +€89,362 | +14.9% |
| Recurring financial income | 75 | €597,855 | €687,217 | +€89,362 | +14.9% |
| Income from current assets | 751 | €73,299 | €84,166 | +€10,867 | +14.8% |
| Other financial income | 752/9 | €524,556 | €603,050 | +€78,495 | +15.0% |
| Financial charges | 65/66B | €58,401 | €133,153 | +€74,752 | +128% |
| Recurring financial charges | 65 | €58,401 | €133,153 | +€74,752 | +128% |
| Other financial charges | 652/9 | €58,401 | €133,153 | +€74,752 | +128% |
| Profit (loss) for the period before taxes | 9903 | €5,345,512 | €5,350,768 | +€5,255 | +0.1% |
| Income taxes | 67/77 | €1,363,203 | €1,348,469 | -€14,734 | -1.1% |
| Taxes | 670/3 | €1,364,276 | €1,350,000 | -€14,276 | -1.0% |
| Tax adjustments and reversals of tax provisions | 77 | €1,073 | €1,531 | +€458 | +42.7% |
| Profit (loss) for the period | 9904 | €3,982,309 | €4,002,298 | +€19,989 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,982,309 | €4,002,298 | +€19,989 | +0.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.