SADELTEX: 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.
SADELTEX
Largest movements
- Cash +€3,470
up €3,470 (+16.5%), from €21,077 to €24,547
mainly Trade debts (+€5,538) and Depreciation (+€468)
- Receivables within one year +€769
up €769 (+20.8%), from €3,704 to €4,473
- Tangible fixed assets -€468
down €468 (-17.5%), from €2,680 to €2,212
- Trade debts +€5,538
up €5,538 (+219.7%), from €2,521 to €8,059
- Tax, wage and social debts -€1,291
down €1,291 (-5.7%), from €22,609 to €21,318
of which Taxes: -€1,362
- Gross operating margin -€1,951
down €1,951 (-28.3%), from €6,890 to €4,939
- Staff costs +€1,894
up €1,894 (+2459.7%), from €77 to €1,971
- Financial charges +€1,700
up €1,700 (+363.2%), from €468 to €2,168
- Depreciation -€1,098
down €1,098 (-70.1%), from €1,566 to €468
- Other operating charges -€305
down €305 (-33.8%), from €902 to €597
From the 2024 result to the 2025 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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,576 | €34,558 | +€3,982 | +13.0% |
| Fixed assets | 21/28 | €4,070 | €3,812 | -€258 | -6.3% |
| Tangible fixed assets | 22/27 | €2,680 | €2,212 | -€468 | -17.5% |
| Plant, machinery and equipment | 23 | €2,680 | €2,212 | -€468 | -17.5% |
| Financial fixed assets | 28 | €1,390 | €1,600 | +€210 | +15.1% |
| Current assets | 29/58 | €26,506 | €30,746 | +€4,240 | +16.0% |
| Stocks and contracts in progress | 3 | €1,725 | €1,726 | +€1 | +0.1% |
| Stocks | 30/36 | €1,725 | €1,726 | +€1 | +0.1% |
| Amounts receivable within one year | 40/41 | €3,704 | €4,473 | +€769 | +20.8% |
| Other amounts receivable | 41 | €3,704 | €4,473 | +€769 | +20.8% |
| Cash at bank and in hand | 54/58 | €21,077 | €24,547 | +€3,470 | +16.5% |
| Total equity and liabilities | 10/49 | €30,576 | €34,558 | +€3,982 | +13.0% |
| Equity | 10/15 | €5,446 | €5,181 | -€265 | -4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,146 | -€13,411 | -€265 | -2.0% |
| Amounts payable | 17/49 | €25,130 | €29,377 | +€4,247 | +16.9% |
| Amounts payable within one year | 42/48 | €25,130 | €29,377 | +€4,247 | +16.9% |
| Trade debts | 44 | €2,521 | €8,059 | +€5,538 | +219.7% |
| Suppliers | 440/4 | €2,521 | €8,059 | +€5,538 | +219.7% |
| Taxes, remuneration and social security | 45 | €22,609 | €21,318 | -€1,291 | -5.7% |
| Taxes | 450/3 | €20,259 | €18,897 | -€1,362 | -6.7% |
| Remuneration and social security | 454/9 | €2,350 | €2,421 | +€71 | +3.0% |
| Remuneration, social security and pensions | 62 | €77 | €1,971 | +€1,894 | +2459.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,566 | €468 | -€1,098 | -70.1% |
| Other operating charges | 640/8 | €902 | €597 | -€305 | -33.8% |
| Gross operating margin | 9900 | €6,890 | €4,939 | -€1,951 | -28.3% |
| Operating profit (loss) | 9901 | €4,345 | €1,903 | -€2,442 | -56.2% |
| Financial charges | 65/66B | €468 | €2,168 | +€1,700 | +363.2% |
| Recurring financial charges | 65 | €468 | €2,168 | +€1,700 | +363.2% |
| Profit (loss) for the period before taxes | 9903 | €3,877 | -€265 | -€4,142 | |
| Profit (loss) for the period | 9904 | €3,877 | -€265 | -€4,142 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,877 | -€265 | -€4,142 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.