SELEIA: 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.
SELEIA
Largest movements
- Receivables within one year -€6,301
down €6,301 (-38.5%), from €16,350 to €10,049
- Tangible fixed assets -€3,754
down €3,754 (-64.2%), from €5,845 to €2,091
of which Plant, machinery and equipment: -€2,971
- Intangible fixed assets -€3,250
no longer reported in 2025 (was €3,250)
- Stocks and contracts +€1,094
up €1,094 (+69.5%), from €1,574 to €2,668
- Cash -€588
down €588 (-5.9%), from €9,919 to €9,332
mainly Other debts (-€22,425) and Trade debts (-€6,269)
- Other debts -€22,425
down €22,425 (-44.2%), from €50,771 to €28,346
- Profit (loss) carried forward +€15,830
up €15,830 (+32.7%), from -€48,483 to -€32,654
- Trade debts -€6,269
down €6,269 (-38.1%), from €16,460 to €10,190
- Staff costs +€3,072
up €3,072 (+6.7%), from €45,581 to €48,653
- Turnover +€2,209
up €2,209 (+1.2%), from €184,039 to €186,248
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 | €37,687 | €24,889 | -€12,798 | -34.0% |
| Fixed assets | 21/28 | €9,740 | €2,736 | -€7,004 | -71.9% |
| Intangible fixed assets | 21 | €3,250 | - | -€3,250 | |
| Tangible fixed assets | 22/27 | €5,845 | €2,091 | -€3,754 | -64.2% |
| Plant, machinery and equipment | 23 | €3,108 | €137 | -€2,971 | -95.6% |
| Furniture and vehicles | 24 | €2,738 | €1,955 | -€783 | -28.6% |
| Financial fixed assets | 28 | €645 | €645 | = | 0.0% |
| Current assets | 29/58 | €27,947 | €22,153 | -€5,794 | -20.7% |
| Stocks and contracts in progress | 3 | €1,574 | €2,668 | +€1,094 | +69.5% |
| Stocks | 30/36 | €1,574 | €2,668 | +€1,094 | +69.5% |
| Amounts receivable within one year | 40/41 | €16,350 | €10,049 | -€6,301 | -38.5% |
| Trade receivables | 40 | €16,350 | €10,049 | -€6,301 | -38.5% |
| Cash at bank and in hand | 54/58 | €9,919 | €9,332 | -€588 | -5.9% |
| Deferred charges and accrued income | 490/1 | €104 | €104 | = | 0.0% |
| Total equity and liabilities | 10/49 | €37,687 | €24,889 | -€12,798 | -34.0% |
| Equity | 10/15 | -€38,483 | -€22,654 | +€15,830 | +41.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,483 | -€32,654 | +€15,830 | +32.7% |
| Amounts payable | 17/49 | €76,171 | €47,543 | -€28,628 | -37.6% |
| Amounts payable within one year | 42/48 | €76,171 | €47,543 | -€28,628 | -37.6% |
| Trade debts | 44 | €16,460 | €10,190 | -€6,269 | -38.1% |
| Suppliers | 440/4 | €16,460 | €10,190 | -€6,269 | -38.1% |
| Taxes, remuneration and social security | 45 | €8,940 | €9,006 | +€66 | +0.7% |
| Taxes | 450/3 | €3,437 | €3,665 | +€228 | +6.6% |
| Remuneration and social security | 454/9 | €5,503 | €5,341 | -€162 | -2.9% |
| Other amounts payable | 47/48 | €50,771 | €28,346 | -€22,425 | -44.2% |
| Turnover | 70 | €184,039 | €186,248 | +€2,209 | +1.2% |
| Remuneration, social security and pensions | 62 | €45,581 | €48,653 | +€3,072 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,124 | €7,682 | +€558 | +7.8% |
| Other operating charges | 640/8 | €1,361 | €2,470 | +€1,109 | +81.5% |
| Gross operating margin | 9900 | €75,135 | €75,627 | +€492 | +0.7% |
| Operating profit (loss) | 9901 | €21,069 | €16,822 | -€4,247 | -20.2% |
| Financial income | 75/76B | €7 | €15 | +€8 | +120% |
| Recurring financial income | 75 | €7 | €15 | +€8 | +120% |
| Financial charges | 65/66B | €999 | €1,007 | +€8 | +0.8% |
| Recurring financial charges | 65 | €999 | €1,007 | +€8 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €20,077 | €15,830 | -€4,247 | -21.2% |
| Profit (loss) for the period | 9904 | €20,077 | €15,830 | -€4,247 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,077 | €15,830 | -€4,247 | -21.2% |
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 22 October 2026 via checked.be.