Selders Engineering: 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.
Selders Engineering
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+26184.1%), from €4,950 to €1.3m
of which Land and buildings: +€1.3m
- Cash -€304,356
down €304,356 (-54.7%), from €556,303 to €251,948
mainly Investment in fixed assets (net) (-€1.4m) and Net result for the year (-€181,387)
- Receivables within one year +€111,643
up €111,643 (+95.9%), from €116,407 to €228,050
of which Other amounts receivable: +€194,415
- Debts after one year +€1.1m
new in 2024: €1.1m
- Reserves -€181,387
down €181,387 (-27.8%), from €652,740 to €471,352
of which Distributable reserves: -€181,387
- Trade debts +€123,066
up €123,066 (+6328.0%), from €1,945 to €125,011
- Current portion of long-term debt +€57,768
new in 2024: €57,768
- Tax, wage and social debts +€18,915
up €18,915 (+526.8%), from €3,591 to €22,506
- Depreciation +€139,493
up €139,493 (+2818.0%), from €4,950 to €144,443
- Financial charges +€20,766
up €20,766 (+1545.4%), from €1,344 to €22,110
- Financial income -€10,583
down €10,583 (-94.4%), from €11,209 to €625
- Other operating charges +€6,864
up €6,864 (+899.1%), from €763 to €7,627
- Gross operating margin -€4,764
down €4,764 (-161.7%), from -€2,946 to -€7,710
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €677,848 | €1,792,654 | +€1.1m | +164.5% |
| Fixed assets | 21/28 | €5,012 | €1,306,683 | +€1.3m | +25971.1% |
| Tangible fixed assets | 22/27 | €4,950 | €1,301,064 | +€1.3m | +26184.1% |
| Land and buildings | 22 | - | €1,301,064 | +€1.3m | |
| Furniture and vehicles | 24 | €4,950 | €0 | -€4,950 | -100.0% |
| Financial fixed assets | 28 | €62 | €5,619 | +€5,557 | +8963.2% |
| Current assets | 29/58 | €672,836 | €485,972 | -€186,865 | -27.8% |
| Amounts receivable within one year | 40/41 | €116,407 | €228,050 | +€111,643 | +95.9% |
| Trade receivables | 40 | €95,000 | €12,229 | -€82,771 | -87.1% |
| Other amounts receivable | 41 | €21,407 | €215,821 | +€194,415 | +908.2% |
| Cash at bank and in hand | 54/58 | €556,303 | €251,948 | -€304,356 | -54.7% |
| Deferred charges and accrued income | 490/1 | €126 | €5,974 | +€5,848 | +4633.4% |
| Total equity and liabilities | 10/49 | €677,848 | €1,792,654 | +€1.1m | +164.5% |
| Equity | 10/15 | €671,340 | €489,952 | -€181,387 | -27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €652,740 | €471,352 | -€181,387 | -27.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,664 | €8,664 | = | 0.0% |
| Distributable reserves | 133 | €642,216 | €460,828 | -€181,387 | -28.2% |
| Amounts payable | 17/49 | €6,508 | €1,302,702 | +€1.3m | +19915.5% |
| Amounts payable after more than one year | 17 | - | €1,086,764 | +€1.1m | |
| Financial debts | 170/4 | - | €1,086,764 | +€1.1m | |
| Amounts payable within one year | 42/48 | €5,536 | €215,850 | +€210,315 | +3799.3% |
| Current portion of amounts payable after more than one year | 42 | - | €57,768 | +€57,768 | |
| Trade debts | 44 | €1,945 | €125,011 | +€123,066 | +6328.0% |
| Suppliers | 440/4 | €1,945 | €125,011 | +€123,066 | +6328.0% |
| Taxes, remuneration and social security | 45 | €3,591 | €22,506 | +€18,915 | +526.8% |
| Taxes | 450/3 | €3,591 | €22,506 | +€18,915 | +526.8% |
| Other amounts payable | 47/48 | €0 | €10,566 | +€10,566 | |
| Accrued charges and deferred income | 492/3 | €973 | €88 | -€885 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,950 | €144,443 | +€139,493 | +2818.0% |
| Other operating charges | 640/8 | €763 | €7,627 | +€6,864 | +899.1% |
| Non-recurring operating charges | 66A | €1,873 | €0 | -€1,873 | -100.0% |
| Gross operating margin | 9900 | -€2,946 | -€7,710 | -€4,764 | -161.7% |
| Operating profit (loss) | 9901 | -€10,533 | -€159,780 | -€149,247 | -1417.0% |
| Financial income | 75/76B | €11,209 | €625 | -€10,583 | -94.4% |
| Recurring financial income | 75 | €11,209 | €625 | -€10,583 | -94.4% |
| Financial charges | 65/66B | €1,344 | €22,110 | +€20,766 | +1545.4% |
| Recurring financial charges | 65 | €1,344 | €22,110 | +€20,766 | +1545.4% |
| Profit (loss) for the period before taxes | 9903 | -€668 | -€181,264 | -€180,596 | -27032.1% |
| Income taxes | 67/77 | €430 | €123 | -€307 | -71.3% |
| Profit (loss) for the period | 9904 | -€1,098 | -€181,387 | -€180,290 | -16420.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,098 | -€181,387 | -€180,290 | -16420.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.