SELIMO: 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.
SELIMO
Largest movements
- Cash -€346,616
down €346,616 (-71.6%), from €484,188 to €137,571
mainly Receivables within one year (-€170,033) and Other debts (-€108,673)
- Receivables within one year +€170,033
up €170,033 (+52.6%), from €323,361 to €493,393
of which Other amounts receivable: +€206,720
- Tangible fixed assets -€67,118
down €67,118 (-8.5%), from €788,347 to €721,229
- Other debts -€108,673
no longer reported in 2025 (was €108,673)
- Provisions -€93,181
down €93,181 (-71.2%), from €130,796 to €37,615
- Debts after one year -€32,520
down €32,520 (-24.3%), from €133,581 to €101,061
of which Financial debts: -€32,520
- Reserves +€22,816
up €22,816 (+2.7%), from €860,770 to €883,586
of which Distributable reserves: +€291,454
- Trade debts -€18,666
down €18,666 (-66.1%), from €28,228 to €9,563
- Taxes +€84,942
up €84,942 (+558.8%), from €15,202 to €100,144
- Gross operating margin -€15,477
down €15,477 (-11.6%), from €133,702 to €118,225
- Financial charges -€5,311
down €5,311 (-44.8%), from €11,852 to €6,542
of which Financial charges: -€5,123
- Financial income +€3,488
up €3,488 (+25.4%), from €13,707 to €17,195
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 | €1,642,579 | €1,400,342 | -€242,237 | -14.7% |
| Fixed assets | 21/28 | €810,965 | €741,516 | -€69,449 | -8.6% |
| Tangible fixed assets | 22/27 | €788,347 | €721,229 | -€67,118 | -8.5% |
| Land and buildings | 22 | €788,347 | €721,229 | -€67,118 | -8.5% |
| Financial fixed assets | 28 | €22,618 | €20,287 | -€2,331 | -10.3% |
| Current assets | 29/58 | €831,615 | €658,826 | -€172,788 | -20.8% |
| Amounts receivable after more than one year | 29 | €3,500 | €2,750 | -€750 | -21.4% |
| Other amounts receivable | 291 | €3,500 | €2,750 | -€750 | -21.4% |
| Amounts receivable within one year | 40/41 | €323,361 | €493,393 | +€170,033 | +52.6% |
| Trade receivables | 40 | €46,723 | €10,035 | -€36,688 | -78.5% |
| Other amounts receivable | 41 | €276,638 | €483,358 | +€206,720 | +74.7% |
| Cash at bank and in hand | 54/58 | €484,188 | €137,571 | -€346,616 | -71.6% |
| Deferred charges and accrued income | 490/1 | €20,566 | €25,112 | +€4,546 | +22.1% |
| Total equity and liabilities | 10/49 | €1,642,579 | €1,400,342 | -€242,237 | -14.7% |
| Equity | 10/15 | €1,195,770 | €1,218,586 | +€22,816 | +1.9% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Capital | 10 | €335,000 | €335,000 | = | 0.0% |
| Issued capital | 100 | €335,000 | €335,000 | = | 0.0% |
| Reserves | 13 | €860,770 | €883,586 | +€22,816 | +2.7% |
| Non-distributable reserves | 130/1 | €33,500 | €33,500 | = | 0.0% |
| Legal reserve | 130 | €33,500 | €33,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €346,938 | €78,300 | -€268,638 | -77.4% |
| Distributable reserves | 133 | €480,333 | €771,786 | +€291,454 | +60.7% |
| Provisions and deferred taxes | 16 | €130,796 | €37,615 | -€93,181 | -71.2% |
| Deferred taxes | 168 | €130,796 | €37,615 | -€93,181 | -71.2% |
| Amounts payable | 17/49 | €316,014 | €144,141 | -€171,872 | -54.4% |
| Amounts payable after more than one year | 17 | €133,581 | €101,061 | -€32,520 | -24.3% |
| Financial debts | 170/4 | €125,581 | €93,061 | -€32,520 | -25.9% |
| Other amounts payable | 178/9 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €177,160 | €42,083 | -€135,077 | -76.2% |
| Current portion of amounts payable after more than one year | 42 | €32,379 | €32,520 | +€141 | +0.4% |
| Trade debts | 44 | €28,228 | €9,563 | -€18,666 | -66.1% |
| Suppliers | 440/4 | €28,228 | €9,563 | -€18,666 | -66.1% |
| Taxes, remuneration and social security | 45 | €7,880 | - | -€7,880 | |
| Taxes | 450/3 | €7,880 | - | -€7,880 | |
| Other amounts payable | 47/48 | €108,673 | - | -€108,673 | |
| Accrued charges and deferred income | 492/3 | €5,273 | €998 | -€4,275 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,799 | €67,118 | -€681 | -1.0% |
| Other operating charges | 640/8 | €31,284 | €31,981 | +€697 | +2.2% |
| Gross operating margin | 9900 | €133,702 | €118,225 | -€15,477 | -11.6% |
| Operating profit (loss) | 9901 | €34,619 | €19,126 | -€15,493 | -44.8% |
| Financial income | 75/76B | €13,707 | €17,195 | +€3,488 | +25.4% |
| Recurring financial income | 75 | €13,707 | €17,195 | +€3,488 | +25.4% |
| Financial charges | 65/66B | €11,852 | €6,542 | -€5,311 | -44.8% |
| Recurring financial charges | 65 | €9,334 | €4,211 | -€5,123 | -54.9% |
| Non-recurring financial charges | 66B | €2,518 | €2,331 | -€188 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €36,474 | €29,779 | -€6,694 | -18.4% |
| Transfer from deferred taxes | 780 | €7,103 | €93,181 | +€86,077 | +1211.8% |
| Income taxes | 67/77 | €15,202 | €100,144 | +€84,942 | +558.8% |
| Profit (loss) for the period | 9904 | €28,375 | €22,816 | -€5,559 | -19.6% |
| Transfer from tax-exempt reserves | 789 | €14,712 | €268,638 | +€253,926 | +1726.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,087 | €291,454 | +€248,367 | +576.4% |
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 11 October 2026 via checked.be.