SELF INDUSTRIES: 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.
What changed
SELF INDUSTRIES
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€18,512
2024 · -€29,570+€11,058
Equity
€1.3m
2024 · €1.3m-€18,512
Cash
€13,336
2024 · €13,896-€560
Balance sheet total
€1.5m
2024 · €1.6m-€50,662
Largest movements
Assets
- Tangible fixed assets -€61,511
down €61,511 (-4.5%), from €1.4m to €1.3m
of which Land and buildings: -€57,386
Equity and liabilities
- Debts after one year -€18,423
down €18,423 (-16.8%), from €109,426 to €91,002
Income statement
- Gross operating margin +€14,961
up €14,961 (+39.8%), from €37,602 to €52,563
- Taxes +€4,775
up €4,775 (+183.0%), from €2,609 to €7,383
- Depreciation -€551
down €551 (-0.9%), from €64,702 to €64,151
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
-€29,570
Gross operating margin
+€14,961
Depreciation
+€551
Other operating charges
+€83
Financial charges
+€239
Taxes
-€4,775
Result 2025
-€18,512
Cash bridge derived
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
+€31,295
Investment
-€13,679
Financing
-€18,176
Cash 2024
€13,896
From operations (derived)
+€31,295
Net result for the year
-€18,512
Depreciation
+€64,151
Receivables within one year
+€772
Deferred charges and accrued income
-€1,142
Provisions
-€8,117
Trade debts
+€572
Tax, wage and social debts
-€6,430
Investment (derived)
-€13,679
Investment in fixed assets (net)
-€13,679
Financing
-€18,176
Debts after one year
-€18,423
Current portion of long-term debt
+€248
Cash 2025
€13,336
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,581,386 | €1,530,724 | -€50,662 | -3.2% |
| Fixed assets | 21/28 | €1,534,396 | €1,483,924 | -€50,472 | -3.3% |
| Tangible fixed assets | 22/27 | €1,377,437 | €1,315,925 | -€61,511 | -4.5% |
| Land and buildings | 22 | €1,364,522 | €1,307,136 | -€57,386 | -4.2% |
| Plant, machinery and equipment | 23 | €12,914 | €8,789 | -€4,126 | -31.9% |
| Financial fixed assets | 28 | €156,960 | €167,998 | +€11,039 | +7.0% |
| Current assets | 29/58 | €46,990 | €46,800 | -€190 | -0.4% |
| Amounts receivable within one year | 40/41 | €3,450 | €2,678 | -€772 | -22.4% |
| Trade receivables | 40 | €3,450 | €2,678 | -€772 | -22.4% |
| Cash at bank and in hand | 54/58 | €13,896 | €13,336 | -€560 | -4.0% |
| Deferred charges and accrued income | 490/1 | €29,644 | €30,786 | +€1,142 | +3.9% |
| Total equity and liabilities | 10/49 | €1,581,386 | €1,530,724 | -€50,662 | -3.2% |
| Equity | 10/15 | €1,278,428 | €1,259,917 | -€18,512 | -1.4% |
| Contributions | 10/11 | €110,312 | €110,312 | = | 0.0% |
| Outside capital | 11 | €110,312 | €110,312 | = | 0.0% |
| Share premium | 1100/10 | €4,549 | €4,549 | = | 0.0% |
| Other | 1109/19 | €105,764 | €105,764 | = | 0.0% |
| Reserves | 13 | €815,255 | €799,492 | -€15,763 | -1.9% |
| Tax-exempt reserves | 132 | €252,073 | €236,310 | -€15,763 | -6.3% |
| Distributable reserves | 133 | €563,182 | €563,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,861 | €350,112 | -€2,749 | -0.8% |
| Provisions and deferred taxes | 16 | €129,798 | €121,681 | -€8,117 | -6.3% |
| Deferred taxes | 168 | €129,798 | €121,681 | -€8,117 | -6.3% |
| Amounts payable | 17/49 | €173,160 | €149,126 | -€24,034 | -13.9% |
| Amounts payable after more than one year | 17 | €109,426 | €91,002 | -€18,423 | -16.8% |
| Financial debts | 170/4 | €109,426 | €91,002 | -€18,423 | -16.8% |
| Amounts payable within one year | 42/48 | €63,734 | €58,124 | -€5,610 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €18,176 | €18,423 | +€248 | +1.4% |
| Trade debts | 44 | €24,539 | €25,111 | +€572 | +2.3% |
| Suppliers | 440/4 | €24,539 | €25,111 | +€572 | +2.3% |
| Taxes, remuneration and social security | 45 | €21,019 | €14,589 | -€6,430 | -30.6% |
| Taxes | 450/3 | €21,019 | €14,589 | -€6,430 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,702 | €64,151 | -€551 | -0.9% |
| Other operating charges | 640/8 | €5,862 | €5,779 | -€83 | -1.4% |
| Gross operating margin | 9900 | €37,602 | €52,563 | +€14,961 | +39.8% |
| Operating profit (loss) | 9901 | -€32,962 | -€17,368 | +€15,594 | +47.3% |
| Financial charges | 65/66B | €2,116 | €1,877 | -€239 | -11.3% |
| Recurring financial charges | 65 | €2,116 | €1,877 | -€239 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€35,078 | -€19,245 | +€15,833 | +45.1% |
| Transfer from deferred taxes | 780 | €8,117 | €8,117 | = | 0.0% |
| Income taxes | 67/77 | €2,609 | €7,383 | +€4,775 | +183.0% |
| Profit (loss) for the period | 9904 | -€29,570 | -€18,512 | +€11,058 | +37.4% |
| Transfer from tax-exempt reserves | 789 | €15,763 | €15,763 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,807 | -€2,749 | +€11,058 | +80.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.