SELF - ELEC: 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.
What changed
SELF - ELEC
NACE 47.552, Retail sale of lighting equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€77,371
2024 · -€28,093-€49,278
Equity
€398,884
2024 · €476,255-€77,371
Cash
€44,916
2024 · €99,101-€54,186
Balance sheet total
€589,788
2024 · €667,912-€78,124
Largest movements
Assets
- Cash -€54,186
down €54,186 (-54.7%), from €99,101 to €44,916
mainly Net result for the year (-€77,371) and Investment in fixed assets (net) (-€8,513)
- Tangible fixed assets -€9,582
down €9,582 (-20.1%), from €47,597 to €38,015
- Stocks and contracts -€9,032
down €9,032 (-2.4%), from €381,317 to €372,285
Equity and liabilities
- Profit (loss) carried forward -€77,371
down €77,371 (-32.8%), from €235,999 to €158,628
- Tax, wage and social debts +€8,246
up €8,246 (+31.3%), from €26,320 to €34,567
of which Remuneration and social security: +€4,944
Income statement
- Gross operating margin -€50,206
down €50,206 (-32.0%), from €157,099 to €106,892
- Staff costs +€5,801
up €5,801 (+3.7%), from €156,256 to €162,056
- Depreciation -€2,890
down €2,890 (-13.5%), from €21,449 to €18,559
- Financial income -€1,868
down €1,868 (-90.8%), from €2,058 to €190
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.
Result 2024
-€28,093
Gross operating margin
-€50,206
Staff costs
-€5,801
Depreciation
+€2,890
Other operating charges
-€81
Other operating items
+€5,294
Financial income
-€1,868
Financial charges
+€483
Taxes
+€12
Result 2025
-€77,371
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€40,276
Investment
-€8,513
Financing
-€5,397
Cash 2024
€99,101
From operations (derived)
-€40,276
Net result for the year
-€77,371
Depreciation
+€18,559
Receivables after one year
+€723
Stocks and contracts
+€9,032
Receivables within one year
+€1,113
Deferred charges and accrued income
+€3,023
Trade debts
-€3,602
Tax, wage and social debts
+€8,246
Accrued charges and deferred income
-€1
Investment (derived)
-€8,513
Investment in fixed assets (net)
-€8,513
Financing
-€5,397
Debts after one year
-€3,063
Current portion of long-term debt
-€5,090
Short-term financial debts
+€2,755
Cash 2025
€44,916
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €667,912 | €589,788 | -€78,124 | -11.7% |
| Formation expenses | 20 | €1,204 | €739 | -€465 | -38.6% |
| Fixed assets | 21/28 | €47,647 | €38,065 | -€9,582 | -20.1% |
| Tangible fixed assets | 22/27 | €47,597 | €38,015 | -€9,582 | -20.1% |
| Plant, machinery and equipment | 23 | €11,632 | €8,363 | -€3,269 | -28.1% |
| Furniture and vehicles | 24 | €12,158 | €11,301 | -€857 | -7.0% |
| Leasing and similar rights | 25 | €1,718 | - | -€1,718 | |
| Other tangible fixed assets | 26 | €22,090 | €18,351 | -€3,738 | -16.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €619,061 | €550,984 | -€68,078 | -11.0% |
| Amounts receivable after more than one year | 29 | €723 | - | -€723 | |
| Trade receivables | 290 | €723 | - | -€723 | |
| Stocks and contracts in progress | 3 | €381,317 | €372,285 | -€9,032 | -2.4% |
| Stocks | 30/36 | €381,317 | €372,285 | -€9,032 | -2.4% |
| Amounts receivable within one year | 40/41 | €133,631 | €132,517 | -€1,113 | -0.8% |
| Trade receivables | 40 | €105,244 | €117,166 | +€11,922 | +11.3% |
| Other amounts receivable | 41 | €28,387 | €15,351 | -€13,035 | -45.9% |
| Cash at bank and in hand | 54/58 | €99,101 | €44,916 | -€54,186 | -54.7% |
| Deferred charges and accrued income | 490/1 | €4,289 | €1,265 | -€3,023 | -70.5% |
| Total equity and liabilities | 10/49 | €667,912 | €589,788 | -€78,124 | -11.7% |
| Equity | 10/15 | €476,255 | €398,884 | -€77,371 | -16.2% |
| Contributions | 10/11 | €16,737 | €16,737 | = | 0.0% |
| Reserves | 13 | €223,519 | €223,519 | = | 0.0% |
| 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 | €25,600 | €25,600 | = | 0.0% |
| Distributable reserves | 133 | €196,059 | €196,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,999 | €158,628 | -€77,371 | -32.8% |
| Amounts payable | 17/49 | €191,657 | €190,904 | -€754 | -0.4% |
| Amounts payable after more than one year | 17 | €3,063 | - | -€3,063 | |
| Financial debts | 170/4 | €3,063 | - | -€3,063 | |
| Amounts payable within one year | 42/48 | €188,594 | €190,904 | +€2,310 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €8,422 | €3,332 | -€5,090 | -60.4% |
| Financial debts | 43 | - | €2,755 | +€2,755 | |
| Credit institutions | 430/8 | - | €2,755 | +€2,755 | |
| Trade debts | 44 | €153,852 | €150,250 | -€3,602 | -2.3% |
| Suppliers | 440/4 | €153,852 | €150,250 | -€3,602 | -2.3% |
| Taxes, remuneration and social security | 45 | €26,320 | €34,567 | +€8,246 | +31.3% |
| Taxes | 450/3 | €13,901 | €17,203 | +€3,303 | +23.8% |
| Remuneration and social security | 454/9 | €12,420 | €17,363 | +€4,944 | +39.8% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Non-recurring operating income | 76A | €9,921 | - | -€9,921 | |
| Remuneration, social security and pensions | 62 | €156,256 | €162,056 | +€5,801 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,449 | €18,559 | -€2,890 | -13.5% |
| Other operating charges | 640/8 | €869 | €950 | +€81 | +9.3% |
| Non-recurring operating charges | 66A | €5,515 | €221 | -€5,294 | -96.0% |
| Gross operating margin | 9900 | €157,099 | €106,892 | -€50,206 | -32.0% |
| Operating profit (loss) | 9901 | -€26,990 | -€74,894 | -€47,905 | -177% |
| Financial income | 75/76B | €2,058 | €190 | -€1,868 | -90.8% |
| Recurring financial income | 75 | €2,058 | €190 | -€1,868 | -90.8% |
| Financial charges | 65/66B | €2,978 | €2,495 | -€483 | -16.2% |
| Recurring financial charges | 65 | €2,978 | €2,495 | -€483 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,909 | -€77,199 | -€49,290 | -177% |
| Income taxes | 67/77 | €184 | €171 | -€12 | -6.6% |
| Profit (loss) for the period | 9904 | -€28,093 | -€77,371 | -€49,278 | -175% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,093 | -€77,371 | -€49,278 | -175% |
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 24 October 2026 via checked.be.