S-ELEK: 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-ELEK
Largest movements
- Receivables within one year +€53,279
up €53,279 (+236%), from €22,588 to €75,867
of which Trade receivables: +€31,007
- Cash -€32,698
no longer reported in 2025 (was €32,698)
mainly Receivables within one year (-€53,279) and Contributions, distributions and other (-€42,000)
- Other debts +€42,209
new in 2025: €42,209
- Profit (loss) carried forward -€30,033
down €30,033 (-75.5%), from €39,759 to €9,726
- Trade debts +€10,500
new in 2025: €10,500
- Tax, wage and social debts -€2,201
down €2,201 (-29.6%), from €7,439 to €5,238
- Accrued charges and deferred income +€1,100
new in 2025: €1,100
- Gross operating margin -€12,945
down €12,945 (-38.8%), from €33,400 to €20,455
- Financial income +€3,065
up €3,065 (+2,335%), from €131 to €3,197
- Taxes -€2,196
down €2,196 (-29.5%), from €7,434 to €5,238
- Financial charges -€700
down €700 (-18.3%), from €3,837 to €3,137
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 | €65,798 | €87,373 | +€21,575 | +32.8% |
| Fixed assets | 21/28 | €7,948 | €8,630 | +€681 | +8.6% |
| Tangible fixed assets | 22/27 | €7,948 | €8,630 | +€681 | +8.6% |
| Plant, machinery and equipment | 23 | €955 | €526 | -€429 | -44.9% |
| Furniture and vehicles | 24 | €1,630 | €3,947 | +€2,317 | +142% |
| Other tangible fixed assets | 26 | €5,363 | €4,157 | -€1,207 | -22.5% |
| Current assets | 29/58 | €57,850 | €78,744 | +€20,894 | +36.1% |
| Amounts receivable within one year | 40/41 | €22,588 | €75,867 | +€53,279 | +236% |
| Trade receivables | 40 | €12,952 | €43,960 | +€31,007 | +239% |
| Other amounts receivable | 41 | €9,636 | €31,907 | +€22,272 | +231% |
| Cash at bank and in hand | 54/58 | €32,698 | - | -€32,698 | |
| Deferred charges and accrued income | 490/1 | €2,563 | €2,876 | +€313 | +12.2% |
| Total equity and liabilities | 10/49 | €65,798 | €87,373 | +€21,575 | +32.8% |
| Equity | 10/15 | €58,359 | €28,326 | -€30,033 | -51.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,759 | €9,726 | -€30,033 | -75.5% |
| Amounts payable | 17/49 | €7,439 | €59,047 | +€51,608 | +694% |
| Amounts payable within one year | 42/48 | €7,439 | €57,947 | +€50,508 | +679% |
| Trade debts | 44 | - | €10,500 | +€10,500 | |
| Suppliers | 440/4 | - | €10,500 | +€10,500 | |
| Taxes, remuneration and social security | 45 | €7,439 | €5,238 | -€2,201 | -29.6% |
| Taxes | 450/3 | €7,439 | €5,238 | -€2,201 | -29.6% |
| Other amounts payable | 47/48 | - | €42,209 | +€42,209 | |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Non-recurring operating income | 76A | - | €10,649 | +€10,649 | |
| Remuneration, social security and pensions | 62 | €144 | - | -€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,787 | €1,789 | +€2 | +0.1% |
| Other operating charges | 640/8 | €1,463 | €1,371 | -€92 | -6.3% |
| Non-recurring operating charges | 66A | - | €151 | +€151 | |
| Gross operating margin | 9900 | €33,400 | €20,455 | -€12,945 | -38.8% |
| Operating profit (loss) | 9901 | €30,006 | €17,144 | -€12,861 | -42.9% |
| Financial income | 75/76B | €131 | €3,197 | +€3,065 | +2,335% |
| Recurring financial income | 75 | €131 | €3,197 | +€3,065 | +2,335% |
| Financial charges | 65/66B | €3,837 | €3,137 | -€700 | -18.3% |
| Recurring financial charges | 65 | €3,837 | €3,137 | -€700 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €26,300 | €17,204 | -€9,096 | -34.6% |
| Income taxes | 67/77 | €7,434 | €5,238 | -€2,196 | -29.5% |
| Profit (loss) for the period | 9904 | €18,866 | €11,967 | -€6,899 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,866 | €11,967 | -€6,899 | -36.6% |
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 18 October 2026 via checked.be.