MTIR SELMA: 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.
MTIR SELMA
Largest movements
- Receivables within one year -€16,725
down €16,725 (-56.0%), from €29,884 to €13,159
of which Other amounts receivable: -€20,660
- Tangible fixed assets +€14,780
up €14,780 (+745.2%), from €1,983 to €16,764
- Cash +€5,903
up €5,903 (+123.9%), from €4,765 to €10,668
mainly Receivables within one year (+€16,725) and Net result for the year (+€13,363)
- Profit (loss) carried forward +€13,363
up €13,363 (+74.8%), from €17,869 to €31,231
- Trade debts -€9,237
down €9,237 (-95.7%), from €9,647 to €410
- Gross operating margin -€8,627
down €8,627 (-38.4%), from €22,456 to €13,829
- Taxes -€5,005
no longer reported in 2024 (was €5,005)
- Depreciation +€1,220
new in 2024: €1,220
- Financial charges +€398
up €398 (+2127.5%), from €19 to €417
- Financial income +€395
up €395 (+50.0%), from €790 to €1,185
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,686 | €40,645 | +€3,959 | +10.8% |
| Fixed assets | 21/28 | €2,038 | €16,818 | +€14,780 | +725.3% |
| Tangible fixed assets | 22/27 | €1,983 | €16,764 | +€14,780 | +745.2% |
| Furniture and vehicles | 24 | €1,983 | €16,764 | +€14,780 | +745.2% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €34,649 | €23,827 | -€10,822 | -31.2% |
| Amounts receivable within one year | 40/41 | €29,884 | €13,159 | -€16,725 | -56.0% |
| Trade receivables | 40 | - | €3,935 | +€3,935 | |
| Other amounts receivable | 41 | €29,884 | €9,224 | -€20,660 | -69.1% |
| Cash at bank and in hand | 54/58 | €4,765 | €10,668 | +€5,903 | +123.9% |
| Total equity and liabilities | 10/49 | €36,686 | €40,645 | +€3,959 | +10.8% |
| Equity | 10/15 | €18,869 | €32,231 | +€13,363 | +70.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,869 | €31,231 | +€13,363 | +74.8% |
| Amounts payable | 17/49 | €17,818 | €8,414 | -€9,404 | -52.8% |
| Amounts payable within one year | 42/48 | €17,818 | €8,414 | -€9,404 | -52.8% |
| Trade debts | 44 | €9,647 | €410 | -€9,237 | -95.7% |
| Suppliers | 440/4 | €9,647 | €410 | -€9,237 | -95.7% |
| Taxes, remuneration and social security | 45 | €8,171 | €8,003 | -€167 | -2.0% |
| Taxes | 450/3 | €8,171 | €8,003 | -€167 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,220 | +€1,220 | |
| Other operating charges | 640/8 | €353 | €15 | -€339 | -95.8% |
| Gross operating margin | 9900 | €22,456 | €13,829 | -€8,627 | -38.4% |
| Operating profit (loss) | 9901 | €22,102 | €12,594 | -€9,508 | -43.0% |
| Financial income | 75/76B | €790 | €1,185 | +€395 | +50.0% |
| Recurring financial income | 75 | €790 | €1,185 | +€395 | +50.0% |
| Financial charges | 65/66B | €19 | €417 | +€398 | +2127.5% |
| Recurring financial charges | 65 | €19 | €417 | +€398 | +2127.5% |
| Profit (loss) for the period before taxes | 9903 | €22,874 | €13,363 | -€9,511 | -41.6% |
| Income taxes | 67/77 | €5,005 | - | -€5,005 | |
| Profit (loss) for the period | 9904 | €17,869 | €13,363 | -€4,506 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,869 | €13,363 | -€4,506 | -25.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.