Patrick Sels Bouwonderneming: 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.
Patrick Sels Bouwonderneming
Largest movements
- Receivables within one year -€12,195
down €12,195 (-60.5%), from €20,171 to €7,977
of which Other amounts receivable: -€8,717
- Tangible fixed assets -€8,597
down €8,597 (-26.3%), from €32,714 to €24,117
of which Furniture and vehicles: -€8,648
- Cash +€7,458
up €7,458 (+144.7%), from €5,155 to €12,613
mainly Receivables within one year (+€12,195) and Depreciation (+€11,540)
- Stocks and contracts -€888
down €888 (-43.6%), from €2,038 to €1,150
- Debts after one year -€8,149
down €8,149 (-51.8%), from €15,744 to €7,595
- Reserves -€6,382
down €6,382 (-24.5%), from €26,058 to €19,676
- Trade debts +€2,693
up €2,693 (+235.9%), from €1,142 to €3,835
- Tax, wage and social debts -€2,669
down €2,669 (-40.0%), from €6,675 to €4,007
- Gross operating margin -€17,442
down €17,442 (-40.6%), from €42,915 to €25,474
- Taxes -€2,884
down €2,884 (-43.1%), from €6,686 to €3,802
- Depreciation +€933
up €933 (+8.8%), from €10,607 to €11,540
- Financial income -€684
down €684 (-58.3%), from €1,173 to €490
- Other operating charges -€647
down €647 (-36.2%), from €1,785 to €1,139
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 | €62,629 | €48,406 | -€14,223 | -22.7% |
| Fixed assets | 21/28 | €35,264 | €26,667 | -€8,597 | -24.4% |
| Tangible fixed assets | 22/27 | €32,714 | €24,117 | -€8,597 | -26.3% |
| Plant, machinery and equipment | 23 | €8,726 | €8,777 | +€50 | +0.6% |
| Furniture and vehicles | 24 | €23,988 | €15,340 | -€8,648 | -36.1% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €27,364 | €21,739 | -€5,625 | -20.6% |
| Stocks and contracts in progress | 3 | €2,038 | €1,150 | -€888 | -43.6% |
| Stocks | 30/36 | €2,038 | €1,150 | -€888 | -43.6% |
| Amounts receivable within one year | 40/41 | €20,171 | €7,977 | -€12,195 | -60.5% |
| Trade receivables | 40 | €5,986 | €2,508 | -€3,478 | -58.1% |
| Other amounts receivable | 41 | €14,186 | €5,469 | -€8,717 | -61.4% |
| Cash at bank and in hand | 54/58 | €5,155 | €12,613 | +€7,458 | +144.7% |
| Total equity and liabilities | 10/49 | €62,629 | €48,406 | -€14,223 | -22.7% |
| Equity | 10/15 | €31,058 | €24,676 | -€6,382 | -20.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,058 | €19,676 | -€6,382 | -24.5% |
| Distributable reserves | 133 | €26,058 | €19,676 | -€6,382 | -24.5% |
| Amounts payable | 17/49 | €31,570 | €23,730 | -€7,840 | -24.8% |
| Amounts payable after more than one year | 17 | €15,744 | €7,595 | -€8,149 | -51.8% |
| Financial debts | 170/4 | €15,744 | €7,595 | -€8,149 | -51.8% |
| Amounts payable within one year | 42/48 | €15,826 | €15,991 | +€165 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €8,009 | €8,149 | +€140 | +1.7% |
| Trade debts | 44 | €1,142 | €3,835 | +€2,693 | +235.9% |
| Suppliers | 440/4 | €1,142 | €3,835 | +€2,693 | +235.9% |
| Taxes, remuneration and social security | 45 | €6,675 | €4,007 | -€2,669 | -40.0% |
| Taxes | 450/3 | €6,675 | €4,007 | -€2,669 | -40.0% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,607 | €11,540 | +€933 | +8.8% |
| Other operating charges | 640/8 | €1,785 | €1,139 | -€647 | -36.2% |
| Non-recurring operating charges | 66A | €457 | - | -€457 | |
| Gross operating margin | 9900 | €42,915 | €25,474 | -€17,442 | -40.6% |
| Operating profit (loss) | 9901 | €30,066 | €12,795 | -€17,271 | -57.4% |
| Financial income | 75/76B | €1,173 | €490 | -€684 | -58.3% |
| Recurring financial income | 75 | €1,173 | €490 | -€684 | -58.3% |
| Financial charges | 65/66B | €650 | €552 | -€98 | -15.1% |
| Recurring financial charges | 65 | €650 | €552 | -€98 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €30,589 | €12,732 | -€17,857 | -58.4% |
| Income taxes | 67/77 | €6,686 | €3,802 | -€2,884 | -43.1% |
| Profit (loss) for the period | 9904 | €23,903 | €8,930 | -€14,973 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,903 | €8,930 | -€14,973 | -62.6% |
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 10 October 2026 via checked.be.