SELAKHOLDING: 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.
SELAKHOLDING
Largest movements
- Receivables within one year -€105,794
down €105,794 (-97.1%), from €108,901 to €3,107
of which Other amounts receivable: -€105,794
- Tangible fixed assets -€14,537
down €14,537 (-5.2%), from €278,037 to €263,501
of which Land and buildings: -€14,537
- Other debts -€64,897
down €64,897 (-44.2%), from €146,723 to €81,826
- Profit (loss) carried forward -€51,111
down €51,111, from €34,275 to -€16,835
- Tax, wage and social debts -€7,871
no longer reported in 2025 (was €7,871)
- Financial charges +€36,574
new in 2025: €36,574
of which Financial charges: +€36,574
- Depreciation +€9,583
up €9,583 (+193%), from €4,953 to €14,537
- Gross operating margin +€3,479
no longer reported in 2025 (was -€3,479)
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 | €390,486 | €266,608 | -€123,878 | -31.7% |
| Fixed assets | 21/28 | €278,037 | €263,501 | -€14,537 | -5.2% |
| Tangible fixed assets | 22/27 | €278,037 | €263,501 | -€14,537 | -5.2% |
| Land and buildings | 22 | €278,037 | €263,501 | -€14,537 | -5.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €112,448 | €3,107 | -€109,341 | -97.2% |
| Amounts receivable within one year | 40/41 | €108,901 | €3,107 | -€105,794 | -97.1% |
| Trade receivables | 40 | €3,107 | €3,107 | = | 0.0% |
| Other amounts receivable | 41 | €105,794 | - | -€105,794 | |
| Cash at bank and in hand | 54/58 | €2,703 | - | -€2,703 | |
| Deferred charges and accrued income | 490/1 | €845 | - | -€845 | |
| Total equity and liabilities | 10/49 | €390,486 | €266,608 | -€123,878 | -31.7% |
| Equity | 10/15 | €139,675 | €88,565 | -€51,111 | -36.6% |
| Contributions | 10/11 | €105,400 | €105,400 | = | 0.0% |
| Capital | 10 | €105,400 | €105,400 | = | 0.0% |
| Issued capital | 100 | €105,400 | €105,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,275 | -€16,835 | -€51,111 | |
| Amounts payable | 17/49 | €250,810 | €178,043 | -€72,767 | -29.0% |
| Amounts payable after more than one year | 17 | €79,703 | €79,703 | = | 0.0% |
| Financial debts | 170/4 | €79,703 | €79,703 | = | 0.0% |
| Amounts payable within one year | 42/48 | €171,108 | €98,340 | -€72,767 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €7,692 | €7,692 | = | 0.0% |
| Trade debts | 44 | €8,822 | €8,822 | = | 0.0% |
| Suppliers | 440/4 | €8,822 | €8,822 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,871 | - | -€7,871 | |
| Taxes | 450/3 | €7,871 | - | -€7,871 | |
| Other amounts payable | 47/48 | €146,723 | €81,826 | -€64,897 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,953 | €14,537 | +€9,583 | +193% |
| Gross operating margin | 9900 | -€3,479 | - | +€3,479 | |
| Operating profit (loss) | 9901 | -€8,432 | -€14,537 | -€6,104 | -72.4% |
| Financial charges | 65/66B | - | €36,574 | +€36,574 | |
| Recurring financial charges | 65 | - | €36,574 | +€36,574 | |
| Non-recurring financial charges | 66B | - | €36,574 | +€36,574 | |
| Profit (loss) for the period before taxes | 9903 | -€8,432 | -€51,111 | -€42,678 | -506% |
| Profit (loss) for the period | 9904 | -€8,432 | -€51,111 | -€42,678 | -506% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,432 | -€51,111 | -€42,678 | -506% |
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 13 October 2026 via checked.be.