SEDAC - TEXTILES: 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.
SEDAC - TEXTILES
Largest movements
- Stocks and contracts +€120,522
up €120,522 (+29.9%), from €403,533 to €524,055
- Cash +€15,309
up €15,309 (+72.1%), from €21,242 to €36,551
mainly Trade debts (+€173,528) and Short-term financial debts (+€50,000)
- Tangible fixed assets -€12,098
down €12,098 (-28.9%), from €41,890 to €29,792
of which Furniture and vehicles: -€7,315
- Trade debts +€173,528
up €173,528 (+137%), from €126,246 to €299,774
- Reserves -€109,997
down €109,997 (-22.5%), from €488,072 to €378,075
of which Distributable reserves: -€109,997
- Short-term financial debts +€50,000
new in 2025: €50,000
- Other debts +€25,000
new in 2025: €25,000
- Current portion of long-term debt -€19,966
no longer reported in 2025 (was €19,966)
- Purchases and services +€1.2m
new in 2025: €1.2m
- Turnover +€1.1m
new in 2025: €1.1m
- Gross operating margin -€83,461
down €83,461 (-64.8%), from €128,822 to €45,361
- Staff costs -€17,885
down €17,885 (-11.2%), from €160,282 to €142,397
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.
Derived cash bridge
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 | €724,401 | €843,800 | +€119,400 | +16.5% |
| Fixed assets | 21/28 | €49,414 | €29,792 | -€19,622 | -39.7% |
| Tangible fixed assets | 22/27 | €41,890 | €29,792 | -€12,098 | -28.9% |
| Plant, machinery and equipment | 23 | €19,860 | €15,078 | -€4,783 | -24.1% |
| Furniture and vehicles | 24 | €22,029 | €14,714 | -€7,315 | -33.2% |
| Financial fixed assets | 28 | €7,524 | - | -€7,524 | |
| Current assets | 29/58 | €674,987 | €814,009 | +€139,022 | +20.6% |
| Stocks and contracts in progress | 3 | €403,533 | €524,055 | +€120,522 | +29.9% |
| Stocks | 30/36 | €403,533 | €524,055 | +€120,522 | +29.9% |
| Amounts receivable within one year | 40/41 | €250,212 | €253,402 | +€3,190 | +1.3% |
| Trade receivables | 40 | €239,238 | €205,129 | -€34,109 | -14.3% |
| Other amounts receivable | 41 | €10,974 | €48,273 | +€37,299 | +340% |
| Cash at bank and in hand | 54/58 | €21,242 | €36,551 | +€15,309 | +72.1% |
| Total equity and liabilities | 10/49 | €724,401 | €843,800 | +€119,400 | +16.5% |
| Equity | 10/15 | €553,072 | €443,075 | -€109,997 | -19.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €488,072 | €378,075 | -€109,997 | -22.5% |
| Tax-exempt reserves | 132 | €21,638 | €21,638 | = | 0.0% |
| Distributable reserves | 133 | €466,434 | €356,437 | -€109,997 | -23.6% |
| Amounts payable | 17/49 | €171,329 | €400,725 | +€229,397 | +134% |
| Amounts payable within one year | 42/48 | €171,329 | €400,725 | +€229,397 | +134% |
| Current portion of amounts payable after more than one year | 42 | €19,966 | - | -€19,966 | |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €126,246 | €299,774 | +€173,528 | +137% |
| Suppliers | 440/4 | €126,246 | €299,774 | +€173,528 | +137% |
| Taxes, remuneration and social security | 45 | €25,116 | €25,952 | +€835 | +3.3% |
| Taxes | 450/3 | €1,161 | €8,861 | +€7,699 | +663% |
| Remuneration and social security | 454/9 | €23,955 | €17,091 | -€6,864 | -28.7% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Turnover | 70 | - | €1,085,594 | +€1.1m | |
| Non-recurring operating income | 76A | €8,676 | €3,946 | -€4,729 | -54.5% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,210,637 | +€1.2m | |
| Remuneration, social security and pensions | 62 | €160,282 | €142,397 | -€17,885 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,574 | €10,351 | -€2,223 | -17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,071 | +€8,071 | |
| Other operating charges | 640/8 | €2,153 | €1,562 | -€591 | -27.5% |
| Non-recurring operating charges | 66A | €6,452 | - | -€6,452 | |
| Gross operating margin | 9900 | €128,822 | €45,361 | -€83,461 | -64.8% |
| Operating profit (loss) | 9901 | -€52,639 | -€117,020 | -€64,381 | -122% |
| Financial income | 75/76B | €8,672 | €10,032 | +€1,360 | +15.7% |
| Recurring financial income | 75 | €8,672 | €10,032 | +€1,360 | +15.7% |
| Financial charges | 65/66B | €1,710 | €2,406 | +€697 | +40.7% |
| Recurring financial charges | 65 | €1,710 | €2,406 | +€697 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,676 | -€109,394 | -€63,718 | -139% |
| Income taxes | 67/77 | €591 | €603 | +€12 | +2.1% |
| Profit (loss) for the period | 9904 | -€46,267 | -€109,997 | -€63,730 | -138% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,267 | -€109,997 | -€63,730 | -138% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.