Selide: 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.
Selide
Largest movements
- Stocks and contracts -€92,069
down €92,069 (-88.5%), from €103,990 to €11,921
- Receivables within one year -€89,815
down €89,815 (-63.0%), from €142,475 to €52,660
of which Trade receivables: -€103,339
- Cash +€51,165
up €51,165 (+18.2%), from €280,400 to €331,565
mainly Stocks and contracts (+€92,069) and Receivables within one year (+€89,815)
- Profit (loss) carried forward -€109,349
down €109,349 (-477%), from -€22,925 to -€132,274
- Trade debts -€13,046
down €13,046 (-51.1%), from €25,512 to €12,466
- Tax, wage and social debts -€7,324
down €7,324 (-92.0%), from €7,962 to €638
- Gross operating margin -€84,936
down €84,936 (-381%), from -€22,273 to -€107,209
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 | €530,550 | €401,077 | -€129,472 | -24.4% |
| Current assets | 29/58 | €530,550 | €401,077 | -€129,472 | -24.4% |
| Stocks and contracts in progress | 3 | €103,990 | €11,921 | -€92,069 | -88.5% |
| Stocks | 30/36 | €103,990 | €11,921 | -€92,069 | -88.5% |
| Amounts receivable within one year | 40/41 | €142,475 | €52,660 | -€89,815 | -63.0% |
| Trade receivables | 40 | €130,410 | €27,072 | -€103,339 | -79.2% |
| Other amounts receivable | 41 | €12,065 | €25,589 | +€13,524 | +112% |
| Cash at bank and in hand | 54/58 | €280,400 | €331,565 | +€51,165 | +18.2% |
| Deferred charges and accrued income | 490/1 | €3,685 | €4,931 | +€1,246 | +33.8% |
| Total equity and liabilities | 10/49 | €530,550 | €401,077 | -€129,472 | -24.4% |
| Equity | 10/15 | -€2,925 | -€112,274 | -€109,349 | -3,739% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,925 | -€132,274 | -€109,349 | -477% |
| Amounts payable | 17/49 | €533,474 | €513,351 | -€20,123 | -3.8% |
| Amounts payable within one year | 42/48 | €533,474 | €513,104 | -€20,370 | -3.8% |
| Trade debts | 44 | €25,512 | €12,466 | -€13,046 | -51.1% |
| Suppliers | 440/4 | €25,512 | €12,466 | -€13,046 | -51.1% |
| Taxes, remuneration and social security | 45 | €7,962 | €638 | -€7,324 | -92.0% |
| Taxes | 450/3 | €7,962 | €638 | -€7,324 | -92.0% |
| Other amounts payable | 47/48 | €500,000 | €500,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €247 | +€247 | |
| Other operating charges | 640/8 | €200 | €1,000 | +€800 | +400% |
| Gross operating margin | 9900 | -€22,273 | -€107,209 | -€84,936 | -381% |
| Operating profit (loss) | 9901 | -€22,473 | -€108,209 | -€85,736 | -382% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €452 | €1,188 | +€736 | +163% |
| Recurring financial charges | 65 | €452 | €1,188 | +€736 | +163% |
| Profit (loss) for the period before taxes | 9903 | -€22,925 | -€109,349 | -€86,424 | -377% |
| Profit (loss) for the period | 9904 | -€22,925 | -€109,349 | -€86,424 | -377% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,925 | -€109,349 | -€86,424 | -377% |
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 17 October 2026 via checked.be.