AY-SEL: 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.
AY-SEL
Largest movements
- Cash +€6,962
up €6,962 (+2998.0%), from €232 to €7,194
mainly Net result for the year (+€10,530) and Tax, wage and social debts (+€6,050)
- Tangible fixed assets +€2,337
up €2,337 (+97.3%), from €2,403 to €4,740
- Receivables within one year -€780
down €780 (-5.5%), from €14,098 to €13,318
of which Trade receivables: -€1,217
- Profit (loss) carried forward +€10,530
up €10,530 (+127.0%), from €8,292 to €18,822
- Trade debts -€8,136
down €8,136 (-64.9%), from €12,532 to €4,397
- Tax, wage and social debts +€6,050
up €6,050 (+123.9%), from €4,883 to €10,933
of which Remuneration and social security: +€3,308
- Turnover -€220,792
no longer reported in 2025 (was €220,792)
- Gross operating margin +€55,395
up €55,395 (+316.3%), from €17,515 to €72,911
- Staff costs +€32,455
up €32,455 (+325.9%), from €9,960 to €42,415
- Purchases and services +€19,967
up €19,967 (+9.8%), from €203,277 to €223,245
- Other operating charges +€13,556
up €13,556 (+3717.8%), from €365 to €13,920
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 | €25,971 | €34,252 | +€8,281 | +31.9% |
| Fixed assets | 21/28 | €2,641 | €4,740 | +€2,099 | +79.5% |
| Intangible fixed assets | 21 | €238 | - | -€238 | |
| Tangible fixed assets | 22/27 | €2,403 | €4,740 | +€2,337 | +97.3% |
| Plant, machinery and equipment | 23 | €2,403 | €4,740 | +€2,337 | +97.3% |
| Current assets | 29/58 | €23,331 | €29,512 | +€6,181 | +26.5% |
| Stocks and contracts in progress | 3 | €9,000 | €9,000 | = | 0.0% |
| Stocks | 30/36 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,098 | €13,318 | -€780 | -5.5% |
| Trade receivables | 40 | €13,866 | €12,649 | -€1,217 | -8.8% |
| Other amounts receivable | 41 | €232 | €669 | +€437 | +188.1% |
| Cash at bank and in hand | 54/58 | €232 | €7,194 | +€6,962 | +2998.0% |
| Total equity and liabilities | 10/49 | €25,971 | €34,252 | +€8,281 | +31.9% |
| Equity | 10/15 | €8,392 | €18,922 | +€10,530 | +125.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,292 | €18,822 | +€10,530 | +127.0% |
| Amounts payable | 17/49 | €17,579 | €15,330 | -€2,249 | -12.8% |
| Amounts payable within one year | 42/48 | €17,579 | €15,330 | -€2,249 | -12.8% |
| Trade debts | 44 | €12,532 | €4,397 | -€8,136 | -64.9% |
| Suppliers | 440/4 | €12,532 | €4,397 | -€8,136 | -64.9% |
| Taxes, remuneration and social security | 45 | €4,883 | €10,933 | +€6,050 | +123.9% |
| Taxes | 450/3 | €2,705 | €5,447 | +€2,742 | +101.4% |
| Remuneration and social security | 454/9 | €2,179 | €5,486 | +€3,308 | +151.8% |
| Other amounts payable | 47/48 | €163 | - | -€163 | |
| Turnover | 70 | €220,792 | - | -€220,792 | |
| Goods, raw materials, services and sundry goods | 60/61 | €203,277 | €223,245 | +€19,967 | +9.8% |
| Remuneration, social security and pensions | 62 | €9,960 | €42,415 | +€32,455 | +325.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,598 | €2,051 | +€453 | +28.3% |
| Other operating charges | 640/8 | €365 | €13,920 | +€13,556 | +3717.8% |
| Gross operating margin | 9900 | €17,515 | €72,911 | +€55,395 | +316.3% |
| Operating profit (loss) | 9901 | €5,593 | €14,525 | +€8,932 | +159.7% |
| Financial charges | 65/66B | €808 | €905 | +€98 | +12.1% |
| Recurring financial charges | 65 | €808 | €905 | +€98 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €4,785 | €13,619 | +€8,834 | +184.6% |
| Income taxes | 67/77 | €1,155 | €3,089 | +€1,935 | +167.6% |
| Profit (loss) for the period | 9904 | €3,630 | €10,530 | +€6,900 | +190.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,630 | €10,530 | +€6,900 | +190.0% |
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 4 October 2026 via checked.be.