WORKWEAR SAAD: 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.
WORKWEAR SAAD
Largest movements
- Tangible fixed assets -€20,800
down €20,800 (-10.3%), from €202,487 to €181,687
- Cash -€11,822
down €11,822 (-68.0%), from €17,374 to €5,553
mainly Debts after one year (-€31,204) and Tax, wage and social debts (-€4,157)
- Debts after one year -€31,204
down €31,204 (-22.0%), from €141,596 to €110,392
- Trade debts +€6,219
up €6,219 (+16.5%), from €37,716 to €43,935
- Tax, wage and social debts -€4,157
down €4,157 (-11.4%), from €36,345 to €32,188
of which Taxes: -€4,536
- Depreciation +€15,287
up €15,287 (+277%), from €5,513 to €20,800
- Gross operating margin +€10,643
up €10,643 (+76.8%), from €13,853 to €24,496
- Other operating charges +€4,088
up €4,088 (+200%), from €2,039 to €6,126
- Taxes -€1,425
no longer reported in 2025 (was €1,425)
- Staff costs -€1,387
no longer reported in 2025 (was €1,387)
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 | €302,861 | €273,789 | -€29,072 | -9.6% |
| Fixed assets | 21/28 | €204,711 | €183,911 | -€20,800 | -10.2% |
| Tangible fixed assets | 22/27 | €202,487 | €181,687 | -€20,800 | -10.3% |
| Land and buildings | 22 | €202,487 | €181,687 | -€20,800 | -10.3% |
| Financial fixed assets | 28 | €2,224 | €2,224 | = | 0.0% |
| Current assets | 29/58 | €98,150 | €89,878 | -€8,272 | -8.4% |
| Stocks and contracts in progress | 3 | €77,527 | €78,661 | +€1,135 | +1.5% |
| Stocks | 30/36 | €77,527 | €78,661 | +€1,135 | +1.5% |
| Amounts receivable within one year | 40/41 | €3,249 | €3,985 | +€736 | +22.6% |
| Other amounts receivable | 41 | €3,249 | €3,985 | +€736 | +22.6% |
| Cash at bank and in hand | 54/58 | €17,374 | €5,553 | -€11,822 | -68.0% |
| Deferred charges and accrued income | 490/1 | - | €1,679 | +€1,679 | |
| Total equity and liabilities | 10/49 | €302,861 | €273,789 | -€29,072 | -9.6% |
| Equity | 10/15 | €2,650 | €131 | -€2,519 | -95.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,650 | -€869 | -€2,519 | |
| Amounts payable | 17/49 | €300,211 | €273,658 | -€26,553 | -8.8% |
| Amounts payable after more than one year | 17 | €141,596 | €110,392 | -€31,204 | -22.0% |
| Financial debts | 170/4 | €141,596 | €110,392 | -€31,204 | -22.0% |
| Amounts payable within one year | 42/48 | €158,616 | €161,567 | +€2,951 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €31,204 | €31,204 | = | 0.0% |
| Trade debts | 44 | €37,716 | €43,935 | +€6,219 | +16.5% |
| Suppliers | 440/4 | €37,716 | €43,935 | +€6,219 | +16.5% |
| Taxes, remuneration and social security | 45 | €36,345 | €32,188 | -€4,157 | -11.4% |
| Taxes | 450/3 | €34,264 | €29,728 | -€4,536 | -13.2% |
| Remuneration and social security | 454/9 | €2,081 | €2,460 | +€378 | +18.2% |
| Other amounts payable | 47/48 | €53,351 | €54,240 | +€889 | +1.7% |
| Accrued charges and deferred income | 492/3 | - | €1,700 | +€1,700 | |
| Remuneration, social security and pensions | 62 | €1,387 | - | -€1,387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,513 | €20,800 | +€15,287 | +277% |
| Other operating charges | 640/8 | €2,039 | €6,126 | +€4,088 | +200% |
| Gross operating margin | 9900 | €13,853 | €24,496 | +€10,643 | +76.8% |
| Operating profit (loss) | 9901 | €4,915 | -€2,430 | -€7,345 | |
| Financial income | 75/76B | €140 | €1 | -€139 | -99.4% |
| Recurring financial income | 75 | €140 | €1 | -€139 | -99.4% |
| Financial charges | 65/66B | €629 | €90 | -€538 | -85.6% |
| Recurring financial charges | 65 | €629 | €90 | -€538 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €4,426 | -€2,519 | -€6,946 | |
| Income taxes | 67/77 | €1,425 | - | -€1,425 | |
| Profit (loss) for the period | 9904 | €3,002 | -€2,519 | -€5,521 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,002 | -€2,519 | -€5,521 |
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 27 October 2026 via checked.be.