SELIBEL: 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.
SELIBEL
Largest movements
- Cash -€95,818
down €95,818 (-41.4%), from €231,207 to €135,388
mainly Contributions, distributions and other (-€104,799) and Investment in fixed assets (net) (-€64,558)
- Tangible fixed assets +€32,284
up €32,284 (+28.0%), from €115,458 to €147,742
of which Furniture and vehicles: +€42,840
- Current investments +€30,000
up €30,000 (+12.0%), from €250,075 to €280,075
- Receivables within one year -€9,558
down €9,558 (-25.0%), from €38,299 to €28,741
- Reserves -€17,873
down €17,873 (-4.4%), from €409,767 to €391,893
- Other debts -€13,369
down €13,369 (-11.9%), from €112,517 to €99,148
- Gross operating margin +€25,474
up €25,474 (+20.4%), from €125,028 to €150,502
- Taxes +€14,484
up €14,484 (+70.9%), from €20,428 to €34,911
- Depreciation +€3,979
up €3,979 (+14.1%), from €28,296 to €32,274
- Financial income +€2,966
up €2,966 (+208.5%), from €1,423 to €4,388
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €639,642 | €598,474 | -€41,168 | -6.4% |
| Fixed assets | 21/28 | €115,458 | €147,742 | +€32,284 | +28.0% |
| Tangible fixed assets | 22/27 | €115,458 | €147,742 | +€32,284 | +28.0% |
| Plant, machinery and equipment | 23 | €53,464 | €38,210 | -€15,254 | -28.5% |
| Furniture and vehicles | 24 | €15,839 | €58,678 | +€42,840 | +270.5% |
| Other tangible fixed assets | 26 | €46,156 | €50,854 | +€4,698 | +10.2% |
| Current assets | 29/58 | €524,183 | €450,732 | -€73,452 | -14.0% |
| Amounts receivable within one year | 40/41 | €38,299 | €28,741 | -€9,558 | -25.0% |
| Other amounts receivable | 41 | €38,299 | €28,741 | -€9,558 | -25.0% |
| Current investments | 50/53 | €250,075 | €280,075 | +€30,000 | +12.0% |
| Cash at bank and in hand | 54/58 | €231,207 | €135,388 | -€95,818 | -41.4% |
| Deferred charges and accrued income | 490/1 | €4,603 | €6,528 | +€1,925 | +41.8% |
| Total equity and liabilities | 10/49 | €639,642 | €598,474 | -€41,168 | -6.4% |
| Equity | 10/15 | €502,767 | €484,893 | -€17,873 | -3.6% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €409,767 | €391,893 | -€17,873 | -4.4% |
| Distributable reserves | 133 | €409,767 | €391,893 | -€17,873 | -4.4% |
| Amounts payable | 17/49 | €136,875 | €113,580 | -€23,295 | -17.0% |
| Amounts payable within one year | 42/48 | €136,875 | €113,580 | -€23,295 | -17.0% |
| Trade debts | 44 | €5,665 | - | -€5,665 | |
| Suppliers | 440/4 | €5,665 | - | -€5,665 | |
| Taxes, remuneration and social security | 45 | €18,694 | €14,433 | -€4,261 | -22.8% |
| Taxes | 450/3 | €17,694 | €13,933 | -€3,761 | -21.3% |
| Remuneration and social security | 454/9 | €1,000 | €500 | -€500 | -50.0% |
| Other amounts payable | 47/48 | €112,517 | €99,148 | -€13,369 | -11.9% |
| Remuneration, social security and pensions | 62 | €291 | - | -€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,296 | €32,274 | +€3,979 | +14.1% |
| Other operating charges | 640/8 | €233 | €474 | +€241 | +103.5% |
| Gross operating margin | 9900 | €125,028 | €150,502 | +€25,474 | +20.4% |
| Operating profit (loss) | 9901 | €96,208 | €117,753 | +€21,545 | +22.4% |
| Financial income | 75/76B | €1,423 | €4,388 | +€2,966 | +208.5% |
| Recurring financial income | 75 | €1,423 | €4,388 | +€2,966 | +208.5% |
| Financial charges | 65/66B | -€53 | €304 | +€357 | |
| Recurring financial charges | 65 | -€53 | €304 | +€357 | |
| Profit (loss) for the period before taxes | 9903 | €97,683 | €121,837 | +€24,154 | +24.7% |
| Income taxes | 67/77 | €20,428 | €34,911 | +€14,484 | +70.9% |
| Profit (loss) for the period | 9904 | €77,255 | €86,926 | +€9,670 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,255 | €86,926 | +€9,670 | +12.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.