SELAVI IMMO: 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.
SELAVI IMMO
Largest movements
- Cash -€143,525
down €143,525 (-64.2%), from €223,394 to €79,870
mainly Other debts (-€204,936) and Receivables within one year (-€60,558)
- Receivables within one year +€60,558
up €60,558 (+40.9%), from €148,117 to €208,675
of which Trade receivables: +€66,690
- Tangible fixed assets -€25,366
down €25,366 (-6.6%), from €387,237 to €361,871
of which Land and buildings: -€22,494
- Deferred charges and accrued income +€16,082
new in 2025: €16,082
- Other debts -€204,936
no longer reported in 2025 (was €204,936)
- Profit (loss) carried forward +€64,659
up €64,659 (+52.0%), from -€124,354 to -€59,696
- Tax, wage and social debts +€36,887
up €36,887 (+471%), from €7,828 to €44,715
of which Taxes: +€32,673
- Trade debts +€20,129
up €20,129 (+47.6%), from €42,317 to €62,446
- Debts after one year -€12,160
down €12,160 (-3.9%), from €311,178 to €299,018
- Gross operating margin +€163,994
up €163,994 (+164%), from €100,087 to €264,081
- Staff costs -€44,228
down €44,228 (-23.7%), from €186,520 to €142,291
- Depreciation +€18,681
up €18,681 (+124%), from €15,097 to €33,778
- Other operating charges -€3,660
down €3,660 (-52.7%), from €6,944 to €3,285
- Financial charges +€2,816
up €2,816 (+17.4%), from €16,163 to €18,979
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 | €777,156 | €682,831 | -€94,325 | -12.1% |
| Fixed assets | 21/28 | €405,644 | €378,204 | -€27,440 | -6.8% |
| Intangible fixed assets | 21 | €16,833 | €14,833 | -€2,000 | -11.9% |
| Tangible fixed assets | 22/27 | €387,237 | €361,871 | -€25,366 | -6.6% |
| Land and buildings | 22 | €374,682 | €352,187 | -€22,494 | -6.0% |
| Plant, machinery and equipment | 23 | €2,427 | €2,273 | -€154 | -6.3% |
| Other tangible fixed assets | 26 | €10,128 | €7,410 | -€2,717 | -26.8% |
| Financial fixed assets | 28 | €1,574 | €1,500 | -€74 | -4.7% |
| Current assets | 29/58 | €371,511 | €304,626 | -€66,885 | -18.0% |
| Amounts receivable within one year | 40/41 | €148,117 | €208,675 | +€60,558 | +40.9% |
| Trade receivables | 40 | €2,550 | €69,240 | +€66,690 | +2,616% |
| Other amounts receivable | 41 | €145,568 | €139,436 | -€6,132 | -4.2% |
| Cash at bank and in hand | 54/58 | €223,394 | €79,870 | -€143,525 | -64.2% |
| Deferred charges and accrued income | 490/1 | - | €16,082 | +€16,082 | |
| Total equity and liabilities | 10/49 | €777,156 | €682,831 | -€94,325 | -12.1% |
| Equity | 10/15 | €96,106 | €160,764 | +€64,659 | +67.3% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,354 | -€59,696 | +€64,659 | +52.0% |
| Amounts payable | 17/49 | €681,050 | €522,066 | -€158,984 | -23.3% |
| Amounts payable after more than one year | 17 | €311,178 | €299,018 | -€12,160 | -3.9% |
| Financial debts | 170/4 | €311,178 | €299,018 | -€12,160 | -3.9% |
| Amounts payable within one year | 42/48 | €369,872 | €223,048 | -€146,824 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €10,822 | €12,160 | +€1,338 | +12.4% |
| Financial debts | 43 | €103,727 | €103,727 | = | 0.0% |
| Credit institutions | 430/8 | €103,727 | €103,727 | = | 0.0% |
| Trade debts | 44 | €42,317 | €62,446 | +€20,129 | +47.6% |
| Suppliers | 440/4 | €42,317 | €62,446 | +€20,129 | +47.6% |
| Advances received on contracts in progress | 46 | €242 | - | -€242 | |
| Taxes, remuneration and social security | 45 | €7,828 | €44,715 | +€36,887 | +471% |
| Taxes | 450/3 | - | €32,673 | +€32,673 | |
| Remuneration and social security | 454/9 | €7,828 | €12,042 | +€4,214 | +53.8% |
| Other amounts payable | 47/48 | €204,936 | - | -€204,936 | |
| Remuneration, social security and pensions | 62 | €186,520 | €142,291 | -€44,228 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,097 | €33,778 | +€18,681 | +124% |
| Other operating charges | 640/8 | €6,944 | €3,285 | -€3,660 | -52.7% |
| Non-recurring operating charges | 66A | - | €564 | +€564 | |
| Gross operating margin | 9900 | €100,087 | €264,081 | +€163,994 | +164% |
| Operating profit (loss) | 9901 | -€108,474 | €84,164 | +€192,638 | |
| Financial income | 75/76B | €283 | €31 | -€251 | -88.9% |
| Recurring financial income | 75 | €283 | €31 | -€251 | -88.9% |
| Financial charges | 65/66B | €16,163 | €18,979 | +€2,816 | +17.4% |
| Recurring financial charges | 65 | €16,163 | €18,979 | +€2,816 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€124,354 | €65,216 | +€189,571 | |
| Income taxes | 67/77 | - | €557 | +€557 | |
| Profit (loss) for the period | 9904 | -€124,354 | €64,659 | +€189,013 | |
| Profit (loss) for the period to be appropriated | 9905 | -€124,354 | €64,659 | +€189,013 |
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.