Global Workwear: 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.
Global Workwear
Largest movements
- Receivables within one year -€36,095
down €36,095 (-81.6%), from €44,251 to €8,156
of which Trade receivables: -€40,466
- Stocks and contracts +€25,858
up €25,858 (+16.6%), from €155,411 to €181,269
- Cash +€2,259
up €2,259 (+754%), from €300 to €2,559
mainly Receivables within one year (+€36,095) and Trade debts (+€17,794)
- Tax, wage and social debts -€38,246
down €38,246 (-18.4%), from €207,800 to €169,554
of which Remuneration and social security: -€42,306
- Trade debts +€17,794
up €17,794 (+27.5%), from €64,678 to €82,472
- Profit (loss) carried forward +€8,038
up €8,038 (+3.7%), from -€216,248 to -€208,210
- Other debts +€3,051
up €3,051 (+19.6%), from €15,597 to €18,648
- Staff costs -€65,815
down €65,815 (-61.8%), from €106,572 to €40,758
- Gross operating margin -€54,105
down €54,105 (-50.3%), from €107,608 to €53,503
- Taxes -€45,996
no longer reported in 2024 (was €45,996)
- Financial charges -€4,900
down €4,900 (-94.2%), from €5,200 to €300
- Other operating charges +€1,996
up €1,996 (+195%), from €1,024 to €3,020
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,626 | €195,261 | -€9,365 | -4.6% |
| Fixed assets | 21/28 | €4,664 | €3,276 | -€1,388 | -29.8% |
| Tangible fixed assets | 22/27 | €4,664 | €3,276 | -€1,388 | -29.8% |
| Furniture and vehicles | 24 | €756 | - | -€756 | |
| Other tangible fixed assets | 26 | €3,908 | €3,276 | -€632 | -16.2% |
| Current assets | 29/58 | €199,962 | €191,984 | -€7,977 | -4.0% |
| Stocks and contracts in progress | 3 | €155,411 | €181,269 | +€25,858 | +16.6% |
| Stocks | 30/36 | €155,411 | €181,269 | +€25,858 | +16.6% |
| Amounts receivable within one year | 40/41 | €44,251 | €8,156 | -€36,095 | -81.6% |
| Trade receivables | 40 | €44,251 | €3,785 | -€40,466 | -91.4% |
| Other amounts receivable | 41 | - | €4,371 | +€4,371 | |
| Cash at bank and in hand | 54/58 | €300 | €2,559 | +€2,259 | +754% |
| Total equity and liabilities | 10/49 | €204,626 | €195,261 | -€9,365 | -4.6% |
| Equity | 10/15 | -€197,462 | -€189,424 | +€8,038 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €185 | €185 | = | 0.0% |
| Non-distributable reserves | 130/1 | €185 | €185 | = | 0.0% |
| Reserves not available under the articles | 1311 | €185 | €185 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,248 | -€208,210 | +€8,038 | +3.7% |
| Amounts payable | 17/49 | €402,088 | €384,685 | -€17,403 | -4.3% |
| Amounts payable after more than one year | 17 | €60,467 | €60,467 | = | 0.0% |
| Other amounts payable | 178/9 | €60,467 | €60,467 | = | 0.0% |
| Amounts payable within one year | 42/48 | €341,621 | €324,218 | -€17,403 | -5.1% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €64,678 | €82,472 | +€17,794 | +27.5% |
| Suppliers | 440/4 | €64,678 | €82,472 | +€17,794 | +27.5% |
| Advances received on contracts in progress | 46 | €53,544 | €53,544 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €207,800 | €169,554 | -€38,246 | -18.4% |
| Taxes | 450/3 | €137,615 | €141,675 | +€4,060 | +3.0% |
| Remuneration and social security | 454/9 | €70,185 | €27,879 | -€42,306 | -60.3% |
| Other amounts payable | 47/48 | €15,597 | €18,648 | +€3,051 | +19.6% |
| Remuneration, social security and pensions | 62 | €106,572 | €40,758 | -€65,815 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,498 | €1,388 | -€110 | -7.4% |
| Other operating charges | 640/8 | €1,024 | €3,020 | +€1,996 | +195% |
| Non-recurring operating charges | 66A | €11,442 | - | -€11,442 | |
| Gross operating margin | 9900 | €107,608 | €53,503 | -€54,105 | -50.3% |
| Operating profit (loss) | 9901 | -€12,929 | €8,338 | +€21,267 | |
| Financial income | 75/76B | €460 | - | -€460 | |
| Recurring financial income | 75 | €460 | - | -€460 | |
| Financial charges | 65/66B | €5,200 | €300 | -€4,900 | -94.2% |
| Recurring financial charges | 65 | €5,200 | €300 | -€4,900 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,669 | €8,038 | +€25,707 | |
| Income taxes | 67/77 | €45,996 | - | -€45,996 | |
| Profit (loss) for the period | 9904 | -€63,665 | €8,038 | +€71,703 | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,665 | €8,038 | +€71,703 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.