SELDA TRANSPORT: 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.
SELDA TRANSPORT
Largest movements
- Receivables within one year +€27,752
up €27,752 (+19.1%), from €145,006 to €172,758
of which Trade receivables: +€35,488
- Cash -€5,684
down €5,684 (-55.2%), from €10,301 to €4,618
mainly Net result for the year (-€30,023) and Receivables within one year (-€27,752)
- Tangible fixed assets +€2,888
up €2,888 (+24.8%), from €11,653 to €14,540
of which Furniture and vehicles: +€6,772
- Profit (loss) carried forward -€30,023
down €30,023 (-22.6%), from -€132,647 to -€162,670
- Trade debts +€28,650
up €28,650 (+40.3%), from €71,176 to €99,825
- Tax, wage and social debts +€26,388
up €26,388 (+10.8%), from €243,876 to €270,264
of which Taxes: +€14,139
- Gross operating margin -€219,608
down €219,608 (-38.1%), from €575,746 to €356,138
- Staff costs -€148,101
down €148,101 (-30.4%), from €487,065 to €338,964
- Financial charges -€24,064
down €24,064 (-49.9%), from €48,222 to €24,158
- Write-downs -€19,431
no longer reported in 2025 (was €19,431)
- Other operating charges -€18,088
down €18,088 (-51.9%), from €34,860 to €16,772
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 | €212,865 | €237,879 | +€25,014 | +11.8% |
| Fixed assets | 21/28 | €27,436 | €30,323 | +€2,888 | +10.5% |
| Tangible fixed assets | 22/27 | €11,653 | €14,540 | +€2,888 | +24.8% |
| Plant, machinery and equipment | 23 | €9,186 | €5,302 | -€3,884 | -42.3% |
| Furniture and vehicles | 24 | €2,467 | €9,239 | +€6,772 | +274% |
| Financial fixed assets | 28 | €15,783 | €15,783 | = | 0.0% |
| Current assets | 29/58 | €185,429 | €207,556 | +€22,126 | +11.9% |
| Amounts receivable after more than one year | 29 | €28,800 | €28,800 | = | 0.0% |
| Other amounts receivable | 291 | €28,800 | €28,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €145,006 | €172,758 | +€27,752 | +19.1% |
| Trade receivables | 40 | €127,121 | €162,609 | +€35,488 | +27.9% |
| Other amounts receivable | 41 | €17,884 | €10,149 | -€7,736 | -43.3% |
| Cash at bank and in hand | 54/58 | €10,301 | €4,618 | -€5,684 | -55.2% |
| Deferred charges and accrued income | 490/1 | €1,322 | €1,380 | +€58 | +4.4% |
| Total equity and liabilities | 10/49 | €212,865 | €237,879 | +€25,014 | +11.8% |
| Equity | 10/15 | -€112,187 | -€142,210 | -€30,023 | -26.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,647 | -€162,670 | -€30,023 | -22.6% |
| Amounts payable | 17/49 | €325,052 | €380,089 | +€55,037 | +16.9% |
| Amounts payable within one year | 42/48 | €325,052 | €380,089 | +€55,037 | +16.9% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €71,176 | €99,825 | +€28,650 | +40.3% |
| Suppliers | 440/4 | €71,176 | €99,825 | +€28,650 | +40.3% |
| Taxes, remuneration and social security | 45 | €243,876 | €270,264 | +€26,388 | +10.8% |
| Taxes | 450/3 | €62,982 | €77,121 | +€14,139 | +22.4% |
| Remuneration and social security | 454/9 | €180,895 | €193,143 | +€12,248 | +6.8% |
| Non-recurring operating income | 76A | €26,869 | - | -€26,869 | |
| Remuneration, social security and pensions | 62 | €487,065 | €338,964 | -€148,101 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,710 | €5,903 | -€4,807 | -44.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,431 | - | -€19,431 | |
| Other operating charges | 640/8 | €34,860 | €16,772 | -€18,088 | -51.9% |
| Non-recurring operating charges | 66A | €29,547 | €163 | -€29,383 | -99.4% |
| Gross operating margin | 9900 | €575,746 | €356,138 | -€219,608 | -38.1% |
| Operating profit (loss) | 9901 | -€5,867 | -€5,664 | +€203 | +3.5% |
| Financial income | 75/76B | €145 | €9 | -€136 | -93.8% |
| Recurring financial income | 75 | €145 | €9 | -€136 | -93.8% |
| Financial charges | 65/66B | €48,222 | €24,158 | -€24,064 | -49.9% |
| Recurring financial charges | 65 | €48,222 | €24,158 | -€24,064 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | -€53,944 | -€29,813 | +€24,131 | +44.7% |
| Income taxes | 67/77 | €407 | €210 | -€197 | -48.3% |
| Profit (loss) for the period | 9904 | -€54,351 | -€30,023 | +€24,327 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,351 | -€30,023 | +€24,327 | +44.8% |
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 30 October 2026 via checked.be.