SELINA: 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.
SELINA
Largest movements
- Cash -€5,959
down €5,959 (-99.9%), from €5,965 to €6
mainly Trade debts (-€7,124) and Current portion of long-term debt (-€3,750)
- Tangible fixed assets -€4,888
down €4,888 (-97.1%), from €5,032 to €145
of which Furniture and vehicles: -€5,032
- Receivables within one year -€2,023
down €2,023 (-17.4%), from €11,633 to €9,609
of which Trade receivables: -€3,138
- Trade debts -€7,124
down €7,124 (-70.5%), from €10,103 to €2,979
- Current portion of long-term debt -€3,750
no longer reported in 2025 (was €3,750)
- Tax, wage and social debts -€2,263
down €2,263 (-40.0%), from €5,656 to €3,393
- Turnover -€28,239
down €28,239 (-57.7%), from €48,974 to €20,736
- Purchases and services -€22,984
down €22,984 (-58.6%), from €39,189 to €16,205
- Gross operating margin -€6,177
down €6,177 (-50.0%), from €12,357 to €6,180
- Other operating charges +€1,767
new in 2025: €1,767
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 | €24,666 | €11,687 | -€12,979 | -52.6% |
| Fixed assets | 21/28 | €6,682 | €1,795 | -€4,888 | -73.1% |
| Tangible fixed assets | 22/27 | €5,032 | €145 | -€4,888 | -97.1% |
| Plant, machinery and equipment | 23 | - | €145 | +€145 | |
| Furniture and vehicles | 24 | €5,032 | - | -€5,032 | |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €17,983 | €9,892 | -€8,091 | -45.0% |
| Amounts receivable within one year | 40/41 | €11,633 | €9,609 | -€2,023 | -17.4% |
| Trade receivables | 40 | €6,127 | €2,989 | -€3,138 | -51.2% |
| Other amounts receivable | 41 | €5,506 | €6,621 | +€1,115 | +20.3% |
| Cash at bank and in hand | 54/58 | €5,965 | €6 | -€5,959 | -99.9% |
| Deferred charges and accrued income | 490/1 | €385 | €277 | -€109 | -28.2% |
| Total equity and liabilities | 10/49 | €24,666 | €11,687 | -€12,979 | -52.6% |
| Equity | 10/15 | €5,075 | €5,232 | +€157 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€2,985 | -€2,828 | +€157 | +5.3% |
| Amounts payable | 17/49 | €19,591 | €6,454 | -€13,136 | -67.1% |
| Amounts payable after more than one year | 17 | €82 | €82 | = | 0.0% |
| Financial debts | 170/4 | €82 | €82 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,508 | €6,372 | -€13,136 | -67.3% |
| Current portion of amounts payable after more than one year | 42 | €3,750 | - | -€3,750 | |
| Trade debts | 44 | €10,103 | €2,979 | -€7,124 | -70.5% |
| Suppliers | 440/4 | €10,103 | €2,979 | -€7,124 | -70.5% |
| Taxes, remuneration and social security | 45 | €5,656 | €3,393 | -€2,263 | -40.0% |
| Taxes | 450/3 | €5,656 | €3,393 | -€2,263 | -40.0% |
| Turnover | 70 | €48,974 | €20,736 | -€28,239 | -57.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,189 | €16,205 | -€22,984 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,137 | €3,223 | +€86 | +2.7% |
| Other operating charges | 640/8 | - | €1,767 | +€1,767 | |
| Non-recurring operating charges | 66A | - | €895 | +€895 | |
| Gross operating margin | 9900 | €12,357 | €6,180 | -€6,177 | -50.0% |
| Operating profit (loss) | 9901 | €9,220 | €295 | -€8,925 | -96.8% |
| Financial charges | 65/66B | €91 | €138 | +€46 | +50.8% |
| Recurring financial charges | 65 | €91 | €138 | +€46 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €9,129 | €157 | -€8,971 | -98.3% |
| Profit (loss) for the period | 9904 | €9,129 | €157 | -€8,971 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,129 | €157 | -€8,971 | -98.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.