STATES MAN: what changed
What changed
STATES MAN
NACE 47.711, Retail sale of women's outerwear
filed annual accounts (NBB)
Net result for the year
-€124,681
2024 · -€47,410-€77,271
Equity
-€41,551
2024 · €83,130-€124,681
Cash
€2,907
2024 · €1,893+€1,014
Balance sheet total
€453,591
2024 · €457,651-€4,060
Largest movements
Assets
- Tangible fixed assets -€16,064
down €16,064 (-21.3%), from €75,254 to €59,190
- Receivables within one year +€9,537
up €9,537 (+9,537%), from €100 to €9,637
Equity and liabilities
- Profit (loss) carried forward -€124,681
down €124,681 (-464%), from -€26,870 to -€151,551
- Debts after one year +€118,638
up €118,638 (+72.4%), from €163,887 to €282,525
of which Other amounts payable: +€141,103
- Trade debts -€25,483
down €25,483 (-19.3%), from €132,196 to €106,713
- Short-term financial debts +€24,480
up €24,480 (+119%), from €20,605 to €45,085
Income statement
- Gross operating margin -€52,799
down €52,799, from €29,722 to -€23,077
- Financial charges +€21,037
up €21,037 (+150%), from €14,057 to €35,094
- Staff costs +€3,268
up €3,268 (+8.4%), from €38,790 to €42,058
- Other operating charges +€963
up €963 (+19.0%), from €5,064 to €6,027
- Depreciation -€785
down €785 (-4.1%), from €19,221 to €18,436
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
-€47,410
Gross operating margin
-€52,799
Staff costs
-€3,268
Depreciation
+€785
Other operating charges
-€963
Financial income
+€11
Financial charges
-€21,037
Result 2025
-€124,681
raises the resultlowers the result
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
-€142,283
Investment
-€2,372
Financing
+€145,669
Cash 2024
€1,893
From operations (derived)
-€142,283
Net result for the year
-€124,681
Depreciation
+€18,436
Stocks and contracts
-€550
Receivables within one year
-€9,537
Deferred charges and accrued income
-€903
Trade debts
-€25,483
Tax, wage and social debts
+€435
Investment (derived)
-€2,372
Investment in fixed assets (net)
-€2,372
Financing
+€145,669
Debts after one year
+€118,638
Current portion of long-term debt
+€2,551
Short-term financial debts
+€24,480
Cash 2025
€2,907
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,651 | €453,591 | -€4,060 | -0.9% |
| Fixed assets | 21/28 | €117,694 | €101,630 | -€16,064 | -13.6% |
| Tangible fixed assets | 22/27 | €75,254 | €59,190 | -€16,064 | -21.3% |
| Plant, machinery and equipment | 23 | €1,049 | - | -€1,049 | |
| Furniture and vehicles | 24 | €40,997 | €33,698 | -€7,299 | -17.8% |
| Other tangible fixed assets | 26 | €33,208 | €25,492 | -€7,716 | -23.2% |
| Financial fixed assets | 28 | €42,440 | €42,440 | = | 0.0% |
| Current assets | 29/58 | €339,957 | €351,961 | +€12,004 | +3.5% |
| Stocks and contracts in progress | 3 | €330,847 | €331,397 | +€550 | +0.2% |
| Stocks | 30/36 | €330,847 | €331,397 | +€550 | +0.2% |
| Amounts receivable within one year | 40/41 | €100 | €9,637 | +€9,537 | +9,537% |
| Trade receivables | 40 | €100 | €9,637 | +€9,537 | +9,537% |
| Cash at bank and in hand | 54/58 | €1,893 | €2,907 | +€1,014 | +53.6% |
| Deferred charges and accrued income | 490/1 | €7,117 | €8,020 | +€903 | +12.7% |
| Total equity and liabilities | 10/49 | €457,651 | €453,591 | -€4,060 | -0.9% |
| Equity | 10/15 | €83,130 | -€41,551 | -€124,681 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,870 | -€151,551 | -€124,681 | -464% |
| Amounts payable | 17/49 | €374,521 | €495,142 | +€120,621 | +32.2% |
| Amounts payable after more than one year | 17 | €163,887 | €282,525 | +€118,638 | +72.4% |
| Financial debts | 170/4 | €84,188 | €61,723 | -€22,465 | -26.7% |
| Other amounts payable | 178/9 | €79,699 | €220,802 | +€141,103 | +177% |
| Amounts payable within one year | 42/48 | €210,634 | €212,617 | +€1,983 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €22,488 | €25,039 | +€2,551 | +11.3% |
| Financial debts | 43 | €20,605 | €45,085 | +€24,480 | +119% |
| Credit institutions | 430/8 | €20,605 | €45,085 | +€24,480 | +119% |
| Trade debts | 44 | €132,196 | €106,713 | -€25,483 | -19.3% |
| Suppliers | 440/4 | €132,196 | €106,713 | -€25,483 | -19.3% |
| Taxes, remuneration and social security | 45 | €35,345 | €35,780 | +€435 | +1.2% |
| Taxes | 450/3 | €31,423 | €31,223 | -€200 | -0.6% |
| Remuneration and social security | 454/9 | €3,922 | €4,557 | +€635 | +16.2% |
| Non-recurring operating income | 76A | - | €5,928 | +€5,928 | |
| Remuneration, social security and pensions | 62 | €38,790 | €42,058 | +€3,268 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,221 | €18,436 | -€785 | -4.1% |
| Other operating charges | 640/8 | €5,064 | €6,027 | +€963 | +19.0% |
| Gross operating margin | 9900 | €29,722 | -€23,077 | -€52,799 | |
| Operating profit (loss) | 9901 | -€33,353 | -€89,598 | -€56,245 | -169% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €14,057 | €35,094 | +€21,037 | +150% |
| Recurring financial charges | 65 | €14,057 | €35,094 | +€21,037 | +150% |
| Profit (loss) for the period before taxes | 9903 | -€47,410 | -€124,681 | -€77,271 | -163% |
| Profit (loss) for the period | 9904 | -€47,410 | -€124,681 | -€77,271 | -163% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,410 | -€124,681 | -€77,271 | -163% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.