DEV-SELI: 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.
DEV-SELI
Largest movements
- Deferred charges and accrued income -€18,915
down €18,915 (-98.9%), from €19,126 to €211
- Cash +€17,410
up €17,410 (+133.7%), from €13,020 to €30,430
mainly Depreciation (+€62,236) and Net result for the year (+€47,139)
- Receivables within one year +€8,322
up €8,322 (+866.9%), from €960 to €9,282
- Tangible fixed assets -€7,968
down €7,968 (-2.1%), from €379,642 to €371,675
of which Furniture and vehicles: -€24,930
- Receivables after one year -€5,760
down €5,760 (-18.0%), from €32,000 to €26,240
of which Trade receivables: -€32,000
- Profit (loss) carried forward +€47,139
up €47,139 (+96.1%), from -€49,032 to -€1,893
- Other debts -€29,849
no longer reported in 2025 (was €29,849)
- Current portion of long-term debt -€13,356
down €13,356 (-16.1%), from €83,061 to €69,705
- Gross operating margin +€27,941
up €27,941 (+26.0%), from €107,395 to €135,336
- Taxes +€6,993
up €6,993 (+91.2%), from €7,671 to €14,664
- Financial charges -€4,169
down €4,169 (-29.9%), from €13,942 to €9,773
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 | €445,016 | €438,106 | -€6,910 | -1.6% |
| Fixed assets | 21/28 | €379,910 | €371,943 | -€7,968 | -2.1% |
| Tangible fixed assets | 22/27 | €379,642 | €371,675 | -€7,968 | -2.1% |
| Land and buildings | 22 | €284,401 | €301,134 | +€16,734 | +5.9% |
| Plant, machinery and equipment | 23 | €511 | €739 | +€229 | +44.7% |
| Furniture and vehicles | 24 | €94,731 | €69,801 | -€24,930 | -26.3% |
| Financial fixed assets | 28 | €268 | €268 | = | 0.0% |
| Current assets | 29/58 | €65,106 | €66,164 | +€1,058 | +1.6% |
| Amounts receivable after more than one year | 29 | €32,000 | €26,240 | -€5,760 | -18.0% |
| Trade receivables | 290 | €32,000 | - | -€32,000 | |
| Other amounts receivable | 291 | - | €26,240 | +€26,240 | |
| Amounts receivable within one year | 40/41 | €960 | €9,282 | +€8,322 | +866.9% |
| Trade receivables | 40 | €960 | €9,282 | +€8,322 | +866.9% |
| Cash at bank and in hand | 54/58 | €13,020 | €30,430 | +€17,410 | +133.7% |
| Deferred charges and accrued income | 490/1 | €19,126 | €211 | -€18,915 | -98.9% |
| Total equity and liabilities | 10/49 | €445,016 | €438,106 | -€6,910 | -1.6% |
| Equity | 10/15 | -€34,672 | €12,467 | +€47,139 | |
| Contributions | 10/11 | €12,500 | €14,360 | +€1,860 | +14.9% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€49,032 | -€1,893 | +€47,139 | +96.1% |
| Amounts payable | 17/49 | €479,688 | €425,639 | -€54,049 | -11.3% |
| Amounts payable after more than one year | 17 | €339,228 | €338,856 | -€372 | -0.1% |
| Financial debts | 170/4 | €339,228 | €338,856 | -€372 | -0.1% |
| Amounts payable within one year | 42/48 | €135,928 | €86,572 | -€49,356 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €83,061 | €69,705 | -€13,356 | -16.1% |
| Trade debts | 44 | €11,255 | €6,986 | -€4,269 | -37.9% |
| Suppliers | 440/4 | €11,255 | €6,986 | -€4,269 | -37.9% |
| Taxes, remuneration and social security | 45 | €11,764 | €9,882 | -€1,882 | -16.0% |
| Taxes | 450/3 | €11,764 | €9,882 | -€1,882 | -16.0% |
| Other amounts payable | 47/48 | €29,849 | - | -€29,849 | |
| Accrued charges and deferred income | 492/3 | €4,532 | €211 | -€4,321 | -95.3% |
| Non-recurring operating income | 76A | - | €12,774 | +€12,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,123 | €62,236 | +€1,113 | +1.8% |
| Other operating charges | 640/8 | €1,354 | €2,300 | +€947 | +69.9% |
| Gross operating margin | 9900 | €107,395 | €135,336 | +€27,941 | +26.0% |
| Operating profit (loss) | 9901 | €44,918 | €70,800 | +€25,882 | +57.6% |
| Financial income | 75/76B | €6 | €776 | +€770 | +12828.7% |
| Recurring financial income | 75 | €6 | €776 | +€770 | +12828.7% |
| Financial charges | 65/66B | €13,942 | €9,773 | -€4,169 | -29.9% |
| Recurring financial charges | 65 | €13,942 | €9,773 | -€4,169 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €30,983 | €61,803 | +€30,820 | +99.5% |
| Income taxes | 67/77 | €7,671 | €14,664 | +€6,993 | +91.2% |
| Profit (loss) for the period | 9904 | €23,311 | €47,139 | +€23,827 | +102.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,311 | €47,139 | +€23,827 | +102.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.