S.E.L. Services Center: 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.
S.E.L. Services Center
Largest movements
- Cash -€8,493
down €8,493 (-18.5%), from €45,998 to €37,505
mainly Other debts (-€98,507) and Investment in fixed assets (net) (-€19,276)
- Receivables within one year -€5,170
down €5,170 (-15.5%), from €33,312 to €28,142
of which Trade receivables: -€7,585
- Tangible fixed assets +€4,442
up €4,442 (+17.3%), from €25,735 to €30,177
of which Furniture and vehicles: +€16,109
- Deferred charges and accrued income -€2,326
down €2,326 (-19.5%), from €11,917 to €9,592
- Other debts -€98,507
down €98,507 (-99.4%), from €99,141 to €633
- Debts after one year +€95,000
new in 2025: €95,000
- Trade debts -€9,665
down €9,665 (-70.3%), from €13,744 to €4,079
- Tax, wage and social debts +€6,242
up €6,242 (+1,652%), from €378 to €6,620
- Profit (loss) carried forward -€5,066
down €5,066 (-35.4%), from -€14,325 to -€19,390
- Gross operating margin +€31,864
up €31,864, from -€18,729 to €13,135
- Purchases and services -€26,780
down €26,780 (-21.8%), from €122,901 to €96,121
- Depreciation -€5,307
down €5,307 (-25.8%), from €20,590 to €15,284
- Other operating charges -€844
down €844 (-27.5%), from €3,070 to €2,226
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.
Derived cash bridge
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 | €117,538 | €105,541 | -€11,996 | -10.2% |
| Fixed assets | 21/28 | €26,310 | €30,302 | +€3,992 | +15.2% |
| Tangible fixed assets | 22/27 | €25,735 | €30,177 | +€4,442 | +17.3% |
| Furniture and vehicles | 24 | €2,568 | €18,677 | +€16,109 | +627% |
| Other tangible fixed assets | 26 | €23,167 | €11,500 | -€11,667 | -50.4% |
| Financial fixed assets | 28 | €575 | €125 | -€450 | -78.3% |
| Current assets | 29/58 | €91,228 | €75,239 | -€15,988 | -17.5% |
| Amounts receivable within one year | 40/41 | €33,312 | €28,142 | -€5,170 | -15.5% |
| Trade receivables | 40 | €30,698 | €23,113 | -€7,585 | -24.7% |
| Other amounts receivable | 41 | €2,614 | €5,029 | +€2,415 | +92.4% |
| Cash at bank and in hand | 54/58 | €45,998 | €37,505 | -€8,493 | -18.5% |
| Deferred charges and accrued income | 490/1 | €11,917 | €9,592 | -€2,326 | -19.5% |
| Total equity and liabilities | 10/49 | €117,538 | €105,541 | -€11,996 | -10.2% |
| Equity | 10/15 | €4,275 | -€790 | -€5,066 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,325 | -€19,390 | -€5,066 | -35.4% |
| Amounts payable | 17/49 | €113,262 | €106,332 | -€6,931 | -6.1% |
| Amounts payable after more than one year | 17 | - | €95,000 | +€95,000 | |
| Other amounts payable | 178/9 | - | €95,000 | +€95,000 | |
| Amounts payable within one year | 42/48 | €113,262 | €11,332 | -€101,931 | -90.0% |
| Trade debts | 44 | €13,744 | €4,079 | -€9,665 | -70.3% |
| Suppliers | 440/4 | €13,744 | €4,079 | -€9,665 | -70.3% |
| Taxes, remuneration and social security | 45 | €378 | €6,620 | +€6,242 | +1,652% |
| Taxes | 450/3 | €378 | €6,620 | +€6,242 | +1,652% |
| Other amounts payable | 47/48 | €99,141 | €633 | -€98,507 | -99.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €122,901 | €96,121 | -€26,780 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,590 | €15,284 | -€5,307 | -25.8% |
| Other operating charges | 640/8 | €3,070 | €2,226 | -€844 | -27.5% |
| Gross operating margin | 9900 | -€18,729 | €13,135 | +€31,864 | |
| Operating profit (loss) | 9901 | -€42,390 | -€4,375 | +€38,015 | +89.7% |
| Financial income | 75/76B | - | €170 | +€170 | |
| Recurring financial income | 75 | - | €170 | +€170 | |
| Financial charges | 65/66B | €366 | €474 | +€109 | +29.7% |
| Recurring financial charges | 65 | €310 | €227 | -€83 | -26.7% |
| Non-recurring financial charges | 66B | €55 | €247 | +€192 | +346% |
| Profit (loss) for the period before taxes | 9903 | -€42,756 | -€4,680 | +€38,076 | +89.1% |
| Income taxes | 67/77 | €378 | €386 | +€8 | +2.1% |
| Profit (loss) for the period | 9904 | -€43,134 | -€5,066 | +€38,068 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,134 | -€5,066 | +€38,068 | +88.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.