SELABERT: 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.
SELABERT
Largest movements
- Cash +€25,325
up €25,325 (+6.8%), from €373,878 to €399,203
mainly Net result for the year (+€54,336) and Other debts (+€12,000)
- Profit (loss) carried forward +€42,336
up €42,336 (+24.1%), from €175,658 to €217,994
- Tax, wage and social debts -€30,604
down €30,604 (-64.8%), from €47,253 to €16,649
- Other debts +€12,000
new in 2025: €12,000
- Gross operating margin -€40,450
down €40,450 (-36.1%), from €111,952 to €71,502
- Taxes -€9,965
down €9,965 (-40.4%), from €24,661 to €14,696
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 | €395,853 | €420,609 | +€24,756 | +6.3% |
| Fixed assets | 21/28 | €4,143 | €3,658 | -€485 | -11.7% |
| Tangible fixed assets | 22/27 | €4,143 | €3,658 | -€485 | -11.7% |
| Plant, machinery and equipment | 23 | €2,547 | €2,228 | -€320 | -12.5% |
| Furniture and vehicles | 24 | €1,596 | €1,431 | -€165 | -10.3% |
| Current assets | 29/58 | €391,710 | €416,951 | +€25,241 | +6.4% |
| Amounts receivable within one year | 40/41 | €7,682 | €7,598 | -€84 | -1.1% |
| Trade receivables | 40 | €489 | €5 | -€485 | -99.1% |
| Other amounts receivable | 41 | €7,193 | €7,593 | +€401 | +5.6% |
| Cash at bank and in hand | 54/58 | €373,878 | €399,203 | +€25,325 | +6.8% |
| Deferred charges and accrued income | 490/1 | €10,150 | €10,150 | = | 0.0% |
| Total equity and liabilities | 10/49 | €395,853 | €420,609 | +€24,756 | +6.3% |
| Equity | 10/15 | €348,171 | €390,507 | +€42,336 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,913 | €153,913 | = | 0.0% |
| Distributable reserves | 133 | €153,913 | €153,913 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,658 | €217,994 | +€42,336 | +24.1% |
| Amounts payable | 17/49 | €47,682 | €30,102 | -€17,580 | -36.9% |
| Amounts payable within one year | 42/48 | €47,297 | €29,681 | -€17,616 | -37.2% |
| Trade debts | 44 | €44 | €1,032 | +€988 | +2,247% |
| Suppliers | 440/4 | €44 | €1,032 | +€988 | +2,247% |
| Taxes, remuneration and social security | 45 | €47,253 | €16,649 | -€30,604 | -64.8% |
| Taxes | 450/3 | €47,253 | €16,649 | -€30,604 | -64.8% |
| Other amounts payable | 47/48 | - | €12,000 | +€12,000 | |
| Accrued charges and deferred income | 492/3 | €385 | €420 | +€35 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €485 | -€148 | -23.4% |
| Other operating charges | 640/8 | €1,349 | €1,914 | +€566 | +41.9% |
| Gross operating margin | 9900 | €111,952 | €71,502 | -€40,450 | -36.1% |
| Operating profit (loss) | 9901 | €109,970 | €69,103 | -€40,867 | -37.2% |
| Financial charges | 65/66B | €73 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €73 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €109,896 | €69,032 | -€40,864 | -37.2% |
| Income taxes | 67/77 | €24,661 | €14,696 | -€9,965 | -40.4% |
| Profit (loss) for the period | 9904 | €85,235 | €54,336 | -€30,899 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,235 | €54,336 | -€30,899 | -36.3% |
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 31 October 2026 via checked.be.