SELAB: 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.
SELAB
Largest movements
- Stocks and contracts -€15,235
down €15,235 (-89.6%), from €17,002 to €1,767
- Receivables within one year +€12,188
up €12,188 (+35.1%), from €34,770 to €46,958
of which Other amounts receivable: +€12,247
- Tangible fixed assets -€8,145
down €8,145 (-29.9%), from €27,283 to €19,138
of which Furniture and vehicles: -€7,600
- Profit (loss) carried forward -€10,459
new in 2025: -€10,459
- Other debts -€9,368
no longer reported in 2025 (was €9,368)
- Tax, wage and social debts +€8,169
up €8,169 (+127.0%), from €6,435 to €14,604
of which Taxes: +€9,139
- Gross operating margin -€13,439
down €13,439 (-69.2%), from €19,427 to €5,987
- Taxes -€1,546
down €1,546 (-67.4%), from €2,295 to €749
- Other operating charges +€646
up €646 (+11.0%), from €5,890 to €6,536
- Financial income +€293
up €293 (+69642.9%), from €0 to €293
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 | €88,710 | €77,294 | -€11,416 | -12.9% |
| Fixed assets | 21/28 | €27,283 | €19,138 | -€8,145 | -29.9% |
| Tangible fixed assets | 22/27 | €27,283 | €19,138 | -€8,145 | -29.9% |
| Furniture and vehicles | 24 | €26,194 | €18,594 | -€7,600 | -29.0% |
| Other tangible fixed assets | 26 | €1,089 | €545 | -€545 | -50.0% |
| Current assets | 29/58 | €61,427 | €58,156 | -€3,271 | -5.3% |
| Stocks and contracts in progress | 3 | €17,002 | €1,767 | -€15,235 | -89.6% |
| Stocks | 30/36 | €17,002 | €1,767 | -€15,235 | -89.6% |
| Amounts receivable within one year | 40/41 | €34,770 | €46,958 | +€12,188 | +35.1% |
| Trade receivables | 40 | €34,770 | €34,711 | -€59 | -0.2% |
| Other amounts receivable | 41 | - | €12,247 | +€12,247 | |
| Cash at bank and in hand | 54/58 | €9,424 | €9,199 | -€225 | -2.4% |
| Deferred charges and accrued income | 490/1 | €231 | €231 | = | 0.0% |
| Total equity and liabilities | 10/49 | €88,710 | €77,294 | -€11,416 | -12.9% |
| Equity | 10/15 | €17,350 | €6,892 | -€10,459 | -60.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,150 | €11,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,290 | €9,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,459 | -€10,459 | |
| Amounts payable | 17/49 | €71,360 | €70,402 | -€957 | -1.3% |
| Amounts payable within one year | 42/48 | €71,360 | €70,402 | -€957 | -1.3% |
| Trade debts | 44 | €13,557 | €13,798 | +€241 | +1.8% |
| Suppliers | 440/4 | €13,557 | €13,798 | +€241 | +1.8% |
| Advances received on contracts in progress | 46 | €42,000 | €42,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,435 | €14,604 | +€8,169 | +127.0% |
| Taxes | 450/3 | €5,465 | €14,604 | +€9,139 | +167.2% |
| Remuneration and social security | 454/9 | €970 | - | -€970 | |
| Other amounts payable | 47/48 | €9,368 | - | -€9,368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,145 | €8,145 | = | 0.0% |
| Other operating charges | 640/8 | €5,890 | €6,536 | +€646 | +11.0% |
| Gross operating margin | 9900 | €19,427 | €5,987 | -€13,439 | -69.2% |
| Operating profit (loss) | 9901 | €5,392 | -€8,693 | -€14,086 | |
| Financial income | 75/76B | €0 | €293 | +€293 | +69642.9% |
| Recurring financial income | 75 | €0 | €293 | +€293 | +69642.9% |
| Financial charges | 65/66B | €1,252 | €1,309 | +€58 | +4.6% |
| Recurring financial charges | 65 | €1,252 | €1,309 | +€58 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €4,141 | -€9,710 | -€13,851 | |
| Income taxes | 67/77 | €2,295 | €749 | -€1,546 | -67.4% |
| Profit (loss) for the period | 9904 | €1,847 | -€10,459 | -€12,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,847 | -€10,459 | -€12,305 |
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 1 October 2026 via checked.be.