Teamswear/Intershoe: 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.
Teamswear/Intershoe
Largest movements
- Stocks and contracts +€145,107
up €145,107 (+56.7%), from €256,062 to €401,169
- Cash +€69,710
up €69,710 (+48.0%), from €145,321 to €215,031
mainly Trade debts (+€126,595) and Depreciation (+€88,475)
- Receivables within one year +€43,463
up €43,463 (+15.3%), from €284,946 to €328,409
of which Trade receivables: +€32,603
- Trade debts +€126,595
up €126,595 (+48.5%), from €261,090 to €387,685
- Reserves +€82,139
up €82,139 (+22.8%), from €360,728 to €442,867
of which Distributable reserves: +€82,139
- Tax, wage and social debts +€26,863
up €26,863 (+24.2%), from €111,188 to €138,051
of which Taxes: +€19,903
- Debts after one year +€14,309
up €14,309 (+13.9%), from €102,635 to €116,944
- Gross operating margin +€201,379
up €201,379 (+38.7%), from €520,303 to €721,682
- Staff costs +€93,834
up €93,834 (+26.3%), from €356,310 to €450,145
- Other operating charges +€33,349
up €33,349 (+1,090%), from €3,060 to €36,409
- Taxes +€25,421
up €25,421 (+379%), from €6,715 to €32,136
- Financial charges +€19,073
up €19,073 (+61.0%), from €31,289 to €50,361
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 | €939,858 | €1,188,486 | +€248,628 | +26.5% |
| Fixed assets | 21/28 | €253,529 | €243,877 | -€9,652 | -3.8% |
| Tangible fixed assets | 22/27 | €253,529 | €243,802 | -€9,727 | -3.8% |
| Plant, machinery and equipment | 23 | €114,370 | €80,527 | -€33,843 | -29.6% |
| Furniture and vehicles | 24 | €26,459 | €883 | -€25,576 | -96.7% |
| Leasing and similar rights | 25 | €112,700 | €155,811 | +€43,111 | +38.3% |
| Other tangible fixed assets | 26 | - | €6,581 | +€6,581 | |
| Financial fixed assets | 28 | - | €75 | +€75 | |
| Current assets | 29/58 | €686,329 | €944,609 | +€258,279 | +37.6% |
| Stocks and contracts in progress | 3 | €256,062 | €401,169 | +€145,107 | +56.7% |
| Stocks | 30/36 | €256,062 | €401,169 | +€145,107 | +56.7% |
| Amounts receivable within one year | 40/41 | €284,946 | €328,409 | +€43,463 | +15.3% |
| Trade receivables | 40 | €107,333 | €139,936 | +€32,603 | +30.4% |
| Other amounts receivable | 41 | €177,613 | €188,473 | +€10,860 | +6.1% |
| Cash at bank and in hand | 54/58 | €145,321 | €215,031 | +€69,710 | +48.0% |
| Total equity and liabilities | 10/49 | €939,858 | €1,188,486 | +€248,628 | +26.5% |
| Equity | 10/15 | €422,728 | €504,867 | +€82,139 | +19.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €360,728 | €442,867 | +€82,139 | +22.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €354,528 | €436,667 | +€82,139 | +23.2% |
| Amounts payable | 17/49 | €517,130 | €683,619 | +€166,489 | +32.2% |
| Amounts payable after more than one year | 17 | €102,635 | €116,944 | +€14,309 | +13.9% |
| Financial debts | 170/4 | €102,635 | €116,944 | +€14,309 | +13.9% |
| Amounts payable within one year | 42/48 | €414,495 | €566,675 | +€152,180 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €42,217 | €40,939 | -€1,279 | -3.0% |
| Trade debts | 44 | €261,090 | €387,685 | +€126,595 | +48.5% |
| Suppliers | 440/4 | €261,090 | €387,685 | +€126,595 | +48.5% |
| Taxes, remuneration and social security | 45 | €111,188 | €138,051 | +€26,863 | +24.2% |
| Taxes | 450/3 | €58,538 | €78,441 | +€19,903 | +34.0% |
| Remuneration and social security | 454/9 | €52,650 | €59,610 | +€6,960 | +13.2% |
| Remuneration, social security and pensions | 62 | €356,310 | €450,145 | +€93,834 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,818 | €88,475 | +€1,658 | +1.9% |
| Other operating charges | 640/8 | €3,060 | €36,409 | +€33,349 | +1,090% |
| Gross operating margin | 9900 | €520,303 | €721,682 | +€201,379 | +38.7% |
| Operating profit (loss) | 9901 | €74,115 | €146,654 | +€72,539 | +97.9% |
| Financial income | 75/76B | €1,268 | €17,982 | +€16,714 | +1,318% |
| Recurring financial income | 75 | €1,268 | €451 | -€817 | -64.4% |
| Non-recurring financial income | 76B | - | €17,531 | +€17,531 | |
| Financial charges | 65/66B | €31,289 | €50,361 | +€19,073 | +61.0% |
| Recurring financial charges | 65 | €31,289 | €50,361 | +€19,073 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €44,095 | €114,275 | +€70,180 | +159% |
| Income taxes | 67/77 | €6,715 | €32,136 | +€25,421 | +379% |
| Profit (loss) for the period | 9904 | €37,380 | €82,139 | +€44,759 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €37,380 | €82,139 | +€44,759 | +120% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.