Seldia: 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.
Seldia
Largest movements
- Cash -€79,869
down €79,869 (-16.0%), from €498,824 to €418,954
mainly Investment in fixed assets (net) (-€65,287) and Tax, wage and social debts (-€45,731)
- Intangible fixed assets +€57,920
up €57,920, from €0 to €57,920
- Current investments +€19,626
up €19,626 (+4.2%), from €472,279 to €491,904
- Tax, wage and social debts -€45,731
down €45,731 (-62.3%), from €73,420 to €27,689
of which Remuneration and social security: -€35,998
- Profit (loss) carried forward +€34,370
up €34,370 (+3.9%), from €871,119 to €905,490
- Trade debts +€25,879
up €25,879 (+1229.5%), from €2,105 to €27,984
- Advances received -€15,927
down €15,927 (-100.0%), from €15,927 to €0
- Staff costs -€100,386
down €100,386 (-26.7%), from €375,445 to €275,059
- Gross operating margin -€58,413
down €58,413 (-15.2%), from €385,413 to €327,001
- Financial income -€8,852
down €8,852 (-23.8%), from €37,182 to €28,329
- Depreciation -€6,250
down €6,250 (-41.6%), from €15,039 to €8,789
- Other operating charges -€5,673
down €5,673 (-47.3%), from €11,983 to €6,309
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €986,189 | €984,401 | -€1,789 | -0.2% |
| Fixed assets | 21/28 | €5,181 | €61,679 | +€56,498 | +1090.5% |
| Intangible fixed assets | 21 | €0 | €57,920 | +€57,920 | |
| Tangible fixed assets | 22/27 | €5,181 | €3,759 | -€1,422 | -27.5% |
| Plant, machinery and equipment | 23 | €4,150 | €3,560 | -€590 | -14.2% |
| Furniture and vehicles | 24 | €1,031 | €198 | -€833 | -80.8% |
| Other tangible fixed assets | 26 | €0 | €0 | -€0 | -100.0% |
| Current assets | 29/58 | €981,008 | €922,722 | -€58,287 | -5.9% |
| Amounts receivable within one year | 40/41 | €9,906 | €9,485 | -€421 | -4.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,906 | €9,485 | -€421 | -4.3% |
| Current investments | 50/53 | €472,279 | €491,904 | +€19,626 | +4.2% |
| Cash at bank and in hand | 54/58 | €498,824 | €418,954 | -€79,869 | -16.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,378 | +€2,378 | |
| Total equity and liabilities | 10/49 | €986,189 | €984,401 | -€1,789 | -0.2% |
| Equity | 10/15 | €888,207 | €922,578 | +€34,370 | +3.9% |
| Contributions | 10/11 | €17,088 | €17,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €871,119 | €905,490 | +€34,370 | +3.9% |
| Provisions and deferred taxes | 16 | €4,200 | €5,400 | +€1,200 | +28.6% |
| Provisions for liabilities and charges | 160/5 | €4,200 | €5,400 | +€1,200 | +28.6% |
| Pensions and similar obligations | 160 | €4,200 | €5,400 | +€1,200 | +28.6% |
| Amounts payable | 17/49 | €93,782 | €56,423 | -€37,359 | -39.8% |
| Amounts payable within one year | 42/48 | €91,452 | €55,673 | -€35,779 | -39.1% |
| Trade debts | 44 | €2,105 | €27,984 | +€25,879 | +1229.5% |
| Suppliers | 440/4 | €2,105 | €27,984 | +€25,879 | +1229.5% |
| Advances received on contracts in progress | 46 | €15,927 | €0 | -€15,927 | -100.0% |
| Taxes, remuneration and social security | 45 | €73,420 | €27,689 | -€45,731 | -62.3% |
| Taxes | 450/3 | €11,358 | €1,624 | -€9,734 | -85.7% |
| Remuneration and social security | 454/9 | €62,062 | €26,065 | -€35,998 | -58.0% |
| Accrued charges and deferred income | 492/3 | €2,330 | €750 | -€1,580 | -67.8% |
| Remuneration, social security and pensions | 62 | €375,445 | €275,059 | -€100,386 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,039 | €8,789 | -€6,250 | -41.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,900 | €1,200 | -€700 | -36.8% |
| Other operating charges | 640/8 | €11,983 | €6,309 | -€5,673 | -47.3% |
| Gross operating margin | 9900 | €385,413 | €327,001 | -€58,413 | -15.2% |
| Operating profit (loss) | 9901 | -€18,953 | €35,644 | +€54,597 | |
| Financial income | 75/76B | €37,182 | €28,329 | -€8,852 | -23.8% |
| Recurring financial income | 75 | €37,182 | €28,329 | -€8,852 | -23.8% |
| Financial charges | 65/66B | €30,928 | €26,792 | -€4,136 | -13.4% |
| Recurring financial charges | 65 | €30,928 | €26,792 | -€4,136 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,700 | €37,181 | +€49,881 | |
| Income taxes | 67/77 | €1,523 | €2,811 | +€1,288 | +84.6% |
| Profit (loss) for the period | 9904 | -€14,222 | €34,370 | +€48,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,222 | €34,370 | +€48,593 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.