SELIRE: 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.
SELIRE
Largest movements
- Cash -€17,063
down €17,063 (-58.8%), from €29,025 to €11,961
mainly Net result for the year (-€17,089) and Tax, wage and social debts (-€2,542)
- Tangible fixed assets -€4,979
down €4,979 (-11.6%), from €43,077 to €38,098
of which Plant, machinery and equipment: -€4,972
- Receivables within one year +€894
up €894 (+21.6%), from €4,130 to €5,023
of which Other amounts receivable: +€1,968
- Profit (loss) carried forward -€17,089
down €17,089 (-23.7%), from €72,145 to €55,056
- Tax, wage and social debts -€2,542
down €2,542 (-94.6%), from €2,685 to €144
- Gross operating margin -€13,954
down €13,954, from €2,178 to -€11,776
- Depreciation -€630
down €630 (-11.2%), from €5,609 to €4,979
- Financial income +€216
up €216 (+403.6%), from €54 to €269
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 | €78,232 | €57,758 | -€20,474 | -26.2% |
| Fixed assets | 21/28 | €45,077 | €40,098 | -€4,979 | -11.0% |
| Tangible fixed assets | 22/27 | €43,077 | €38,098 | -€4,979 | -11.6% |
| Plant, machinery and equipment | 23 | €43,070 | €38,098 | -€4,972 | -11.5% |
| Furniture and vehicles | 24 | €8 | - | -€8 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €33,154 | €17,660 | -€15,494 | -46.7% |
| Amounts receivable within one year | 40/41 | €4,130 | €5,023 | +€894 | +21.6% |
| Trade receivables | 40 | €4,130 | €3,056 | -€1,074 | -26.0% |
| Other amounts receivable | 41 | - | €1,968 | +€1,968 | |
| Cash at bank and in hand | 54/58 | €29,025 | €11,961 | -€17,063 | -58.8% |
| Deferred charges and accrued income | 490/1 | - | €675 | +€675 | |
| Total equity and liabilities | 10/49 | €78,232 | €57,758 | -€20,474 | -26.2% |
| Equity | 10/15 | €72,645 | €55,556 | -€17,089 | -23.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,145 | €55,056 | -€17,089 | -23.7% |
| Amounts payable | 17/49 | €5,587 | €2,202 | -€3,385 | -60.6% |
| Amounts payable within one year | 42/48 | €5,587 | €2,202 | -€3,385 | -60.6% |
| Trade debts | 44 | €2,763 | €2,058 | -€705 | -25.5% |
| Suppliers | 440/4 | €2,763 | €2,058 | -€705 | -25.5% |
| Taxes, remuneration and social security | 45 | €2,685 | €144 | -€2,542 | -94.6% |
| Taxes | 450/3 | €2,685 | €144 | -€2,542 | -94.6% |
| Other amounts payable | 47/48 | €138 | - | -€138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,609 | €4,979 | -€630 | -11.2% |
| Other operating charges | 640/8 | €280 | €290 | +€9 | +3.4% |
| Gross operating margin | 9900 | €2,178 | -€11,776 | -€13,954 | |
| Operating profit (loss) | 9901 | -€3,711 | -€17,045 | -€13,333 | -359.3% |
| Financial income | 75/76B | €54 | €269 | +€216 | +403.6% |
| Recurring financial income | 75 | €54 | €269 | +€216 | +403.6% |
| Financial charges | 65/66B | €137 | €119 | -€18 | -12.8% |
| Recurring financial charges | 65 | €137 | €119 | -€18 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,794 | -€16,894 | -€13,100 | -345.2% |
| Income taxes | 67/77 | €137 | €194 | +€58 | +42.1% |
| Profit (loss) for the period | 9904 | -€3,931 | -€17,089 | -€13,158 | -334.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,931 | -€17,089 | -€13,158 | -334.7% |
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 10 October 2026 via checked.be.