La Sella: 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.
La Sella
Largest movements
- Cash -€42,760
down €42,760 (-58.3%), from €73,342 to €30,581
mainly Contributions, distributions and other (-€46,678) and Debts after one year (-€30,517)
- Receivables within one year +€14,181
up €14,181 (+62.2%), from €22,782 to €36,963
of which Trade receivables: +€17,000
- Tangible fixed assets -€6,559
down €6,559 (-66.8%), from €9,811 to €3,252
of which Leasing and similar rights: -€9,811
- Debts after one year -€30,517
down €30,517 (-12.1%), from €251,639 to €221,122
of which Financial debts: -€30,517
- Gross operating margin +€23,927
up €23,927 (+40.0%), from €59,841 to €83,768
- Financial income -€19,963
down €19,963 (-100.0%), from €19,963 to €0
- Taxes +€5,828
up €5,828 (+47.8%), from €12,181 to €18,010
- Financial charges -€2,140
down €2,140 (-16.7%), from €12,836 to €10,696
- Other operating charges -€883
down €883 (-32.6%), from €2,709 to €1,826
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 | €428,522 | €393,455 | -€35,066 | -8.2% |
| Fixed assets | 21/28 | €331,311 | €324,752 | -€6,559 | -2.0% |
| Tangible fixed assets | 22/27 | €9,811 | €3,252 | -€6,559 | -66.8% |
| Furniture and vehicles | 24 | - | €3,252 | +€3,252 | |
| Leasing and similar rights | 25 | €9,811 | €0 | -€9,811 | -100.0% |
| Financial fixed assets | 28 | €321,500 | €321,500 | = | 0.0% |
| Current assets | 29/58 | €97,211 | €68,703 | -€28,508 | -29.3% |
| Amounts receivable within one year | 40/41 | €22,782 | €36,963 | +€14,181 | +62.2% |
| Trade receivables | 40 | - | €17,000 | +€17,000 | |
| Other amounts receivable | 41 | €22,782 | €19,963 | -€2,819 | -12.4% |
| Cash at bank and in hand | 54/58 | €73,342 | €30,581 | -€42,760 | -58.3% |
| Deferred charges and accrued income | 490/1 | €1,087 | €1,159 | +€72 | +6.6% |
| Total equity and liabilities | 10/49 | €428,522 | €393,455 | -€35,066 | -8.2% |
| Equity | 10/15 | €84,913 | €84,913 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,913 | €79,913 | = | 0.0% |
| Distributable reserves | 133 | €79,913 | €79,913 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €343,608 | €308,542 | -€35,066 | -10.2% |
| Amounts payable after more than one year | 17 | €251,639 | €221,122 | -€30,517 | -12.1% |
| Financial debts | 170/4 | €189,139 | €158,622 | -€30,517 | -16.1% |
| Other amounts payable | 178/9 | €62,500 | €62,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,110 | €84,420 | -€3,690 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €34,547 | €30,517 | -€4,030 | -11.7% |
| Trade debts | 44 | €2,717 | €1,513 | -€1,204 | -44.3% |
| Suppliers | 440/4 | €2,717 | €1,513 | -€1,204 | -44.3% |
| Taxes, remuneration and social security | 45 | €12,077 | €10,263 | -€1,814 | -15.0% |
| Taxes | 450/3 | €12,077 | €10,107 | -€1,970 | -16.3% |
| Remuneration and social security | 454/9 | €0 | €156 | +€156 | |
| Other amounts payable | 47/48 | €38,769 | €42,127 | +€3,357 | +8.7% |
| Accrued charges and deferred income | 492/3 | €3,859 | €3,000 | -€859 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,559 | €6,559 | = | 0.0% |
| Other operating charges | 640/8 | €2,709 | €1,826 | -€883 | -32.6% |
| Gross operating margin | 9900 | €59,841 | €83,768 | +€23,927 | +40.0% |
| Operating profit (loss) | 9901 | €50,574 | €75,384 | +€24,810 | +49.1% |
| Financial income | 75/76B | €19,963 | €0 | -€19,963 | -100.0% |
| Recurring financial income | 75 | €19,963 | €0 | -€19,963 | -100.0% |
| Financial charges | 65/66B | €12,836 | €10,696 | -€2,140 | -16.7% |
| Recurring financial charges | 65 | €12,836 | €10,696 | -€2,140 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €57,701 | €64,688 | +€6,987 | +12.1% |
| Income taxes | 67/77 | €12,181 | €18,010 | +€5,828 | +47.8% |
| Profit (loss) for the period | 9904 | €45,519 | €46,678 | +€1,159 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,519 | €46,678 | +€1,159 | +2.5% |
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 7 October 2026 via checked.be.