Wearable Stories: what changed
What changed
Wearable Stories
NACE 47.519, Retail trade
filed annual accounts (NBB)
Net result for the year
-€285,921
2023 · -€245,536-€40,385
Equity
-€742,620
2023 · -€456,700-€285,921
Cash
€6,612
2023 · €10,680-€4,068
Balance sheet total
€581,688
2023 · €711,516-€129,828
Largest movements
Assets
- Receivables within one year -€108,552
down €108,552 (-94.5%), from €114,841 to €6,289
of which Trade receivables: -€106,260
- Intangible fixed assets -€14,122
down €14,122 (-35.6%), from €39,658 to €25,536
Equity and liabilities
- Profit (loss) carried forward -€285,921
down €285,921 (-40.5%), from -€706,700 to -€992,620
- Debts after one year +€174,701
up €174,701 (+16.3%), from €1.1m to €1.2m
- Trade debts -€37,173
down €37,173 (-69.4%), from €53,568 to €16,395
- Other debts +€18,377
up €18,377 (+97.5%), from €18,853 to €37,230
Income statement
- Gross operating margin -€104,930
down €104,930 (-188%), from -€55,868 to -€160,798
- Staff costs -€42,561
down €42,561 (-27.6%), from €154,374 to €111,813
- Financial income +€9,907
up €9,907 (+1,698%), from €584 to €10,491
- Other operating charges -€7,089
down €7,089 (-86.9%), from €8,155 to €1,066
- Depreciation -€3,100
down €3,100 (-15.6%), from €19,832 to €16,733
Change in the result, 2023 to 2024
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 2023
-€245,536
Gross operating margin
-€104,930
Staff costs
+€42,561
Depreciation
+€3,100
Other operating charges
+€7,089
Other operating items
+€4,611
Financial income
+€9,907
Financial charges
-€2,723
Taxes
-€0
Result 2024
-€285,921
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€178,769
Investment
€0
Financing
+€174,701
Cash 2023
€10,680
From operations (derived)
-€178,769
Net result for the year
-€285,921
Depreciation
+€16,733
Receivables within one year
+€108,552
Deferred charges and accrued income
+€475
Trade debts
-€37,173
Tax, wage and social debts
+€1,076
Advances received
-€1,932
Other debts
+€18,377
Accrued charges and deferred income
+€1,044
Financing
+€174,701
Debts after one year
+€174,701
Cash 2024
€6,612
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €711,516 | €581,688 | -€129,828 | -18.2% |
| Fixed assets | 21/28 | €56,023 | €39,290 | -€16,733 | -29.9% |
| Intangible fixed assets | 21 | €39,658 | €25,536 | -€14,122 | -35.6% |
| Tangible fixed assets | 22/27 | €8,949 | €6,339 | -€2,611 | -29.2% |
| Furniture and vehicles | 24 | €6,106 | €3,495 | -€2,611 | -42.8% |
| Other tangible fixed assets | 26 | €2,844 | €2,844 | = | 0.0% |
| Financial fixed assets | 28 | €7,416 | €7,416 | = | 0.0% |
| Current assets | 29/58 | €655,493 | €542,398 | -€113,095 | -17.3% |
| Stocks and contracts in progress | 3 | €529,498 | €529,498 | = | 0.0% |
| Stocks | 30/36 | €529,498 | €529,498 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,841 | €6,289 | -€108,552 | -94.5% |
| Trade receivables | 40 | €112,074 | €5,814 | -€106,260 | -94.8% |
| Other amounts receivable | 41 | €2,766 | €474 | -€2,292 | -82.9% |
| Cash at bank and in hand | 54/58 | €10,680 | €6,612 | -€4,068 | -38.1% |
| Deferred charges and accrued income | 490/1 | €475 | €0 | -€475 | -100% |
| Total equity and liabilities | 10/49 | €711,516 | €581,688 | -€129,828 | -18.2% |
| Equity | 10/15 | -€456,700 | -€742,620 | -€285,921 | -62.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€706,700 | -€992,620 | -€285,921 | -40.5% |
| Amounts payable | 17/49 | €1,168,216 | €1,324,309 | +€156,093 | +13.4% |
| Amounts payable after more than one year | 17 | €1,068,731 | €1,243,431 | +€174,701 | +16.3% |
| Financial debts | 170/4 | €1,068,731 | €1,243,431 | +€174,701 | +16.3% |
| Amounts payable within one year | 42/48 | €90,029 | €70,377 | -€19,652 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €53,568 | €16,395 | -€37,173 | -69.4% |
| Suppliers | 440/4 | €53,568 | €16,395 | -€37,173 | -69.4% |
| Advances received on contracts in progress | 46 | €2,013 | €82 | -€1,932 | -95.9% |
| Taxes, remuneration and social security | 45 | €15,595 | €16,671 | +€1,076 | +6.9% |
| Taxes | 450/3 | €1,645 | €489 | -€1,157 | -70.3% |
| Remuneration and social security | 454/9 | €13,949 | €16,182 | +€2,233 | +16.0% |
| Other amounts payable | 47/48 | €18,853 | €37,230 | +€18,377 | +97.5% |
| Accrued charges and deferred income | 492/3 | €9,456 | €10,500 | +€1,044 | +11.0% |
| Non-recurring operating income | 76A | €7,500 | €0 | -€7,500 | -100% |
| Remuneration, social security and pensions | 62 | €154,374 | €111,813 | -€42,561 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,832 | €16,733 | -€3,100 | -15.6% |
| Other operating charges | 640/8 | €8,155 | €1,066 | -€7,089 | -86.9% |
| Non-recurring operating charges | 66A | €4,611 | €0 | -€4,611 | -100% |
| Gross operating margin | 9900 | -€55,868 | -€160,798 | -€104,930 | -188% |
| Operating profit (loss) | 9901 | -€242,840 | -€290,409 | -€47,569 | -19.6% |
| Financial income | 75/76B | €584 | €10,491 | +€9,907 | +1,698% |
| Recurring financial income | 75 | €584 | €10,491 | +€9,907 | +1,698% |
| Financial charges | 65/66B | €3,035 | €5,758 | +€2,723 | +89.7% |
| Recurring financial charges | 65 | €3,035 | €5,758 | +€2,723 | +89.7% |
| Profit (loss) for the period before taxes | 9903 | -€245,292 | -€285,676 | -€40,385 | -16.5% |
| Income taxes | 67/77 | €244 | €244 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | -€245,536 | -€285,921 | -€40,385 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€245,536 | -€285,921 | -€40,385 | -16.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.