SELITE: 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.
SELITE
Largest movements
- Receivables within one year -€26,852
down €26,852 (-86.5%), from €31,060 to €4,208
of which Trade receivables: -€27,433
- Cash +€2,181
up €2,181 (+52.1%), from €4,190 to €6,371
mainly Receivables within one year (+€26,852) and Tax, wage and social debts (+€2,300)
- Tangible fixed assets +€1,707
up €1,707 (+36.5%), from €4,682 to €6,389
of which Other tangible fixed assets: +€2,315
- Profit (loss) carried forward -€15,947
down €15,947 (-78.1%), from €20,427 to €4,480
- Trade debts -€9,317
down €9,317 (-87.4%), from €10,657 to €1,340
- Tax, wage and social debts +€2,300
up €2,300 (+32.9%), from €6,998 to €9,298
- Gross operating margin -€10,343
down €10,343 (-573.7%), from -€1,803 to -€12,146
- Other operating charges +€1,456
up €1,456 (+209.2%), from €696 to €2,152
- Depreciation +€597
up €597 (+104.2%), from €573 to €1,170
- Financial charges +€419
up €419 (+230.2%), from €182 to €601
- Financial income +€122
new in 2025: €122
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 | €44,282 | €21,318 | -€22,964 | -51.9% |
| Fixed assets | 21/28 | €9,032 | €10,739 | +€1,707 | +18.9% |
| Tangible fixed assets | 22/27 | €4,682 | €6,389 | +€1,707 | +36.5% |
| Plant, machinery and equipment | 23 | €468 | €275 | -€193 | -41.2% |
| Furniture and vehicles | 24 | €2,036 | €1,621 | -€415 | -20.4% |
| Other tangible fixed assets | 26 | €2,178 | €4,493 | +€2,315 | +106.3% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €35,250 | €10,579 | -€24,671 | -70.0% |
| Amounts receivable within one year | 40/41 | €31,060 | €4,208 | -€26,852 | -86.5% |
| Trade receivables | 40 | €30,472 | €3,039 | -€27,433 | -90.0% |
| Other amounts receivable | 41 | €588 | €1,169 | +€581 | +98.8% |
| Cash at bank and in hand | 54/58 | €4,190 | €6,371 | +€2,181 | +52.1% |
| Total equity and liabilities | 10/49 | €44,282 | €21,318 | -€22,964 | -51.9% |
| Equity | 10/15 | €26,627 | €10,680 | -€15,947 | -59.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,427 | €4,480 | -€15,947 | -78.1% |
| Amounts payable | 17/49 | €17,655 | €10,638 | -€7,017 | -39.7% |
| Amounts payable within one year | 42/48 | €17,655 | €10,638 | -€7,017 | -39.7% |
| Trade debts | 44 | €10,657 | €1,340 | -€9,317 | -87.4% |
| Suppliers | 440/4 | €10,657 | €1,340 | -€9,317 | -87.4% |
| Taxes, remuneration and social security | 45 | €6,998 | €9,298 | +€2,300 | +32.9% |
| Taxes | 450/3 | €6,998 | €9,298 | +€2,300 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573 | €1,170 | +€597 | +104.2% |
| Other operating charges | 640/8 | €696 | €2,152 | +€1,456 | +209.2% |
| Gross operating margin | 9900 | -€1,803 | -€12,146 | -€10,343 | -573.7% |
| Operating profit (loss) | 9901 | -€3,072 | -€15,468 | -€12,396 | -403.5% |
| Financial income | 75/76B | - | €122 | +€122 | |
| Recurring financial income | 75 | - | €122 | +€122 | |
| Financial charges | 65/66B | €182 | €601 | +€419 | +230.2% |
| Recurring financial charges | 65 | €182 | €601 | +€419 | +230.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,254 | -€15,947 | -€12,693 | -390.1% |
| Profit (loss) for the period | 9904 | -€3,254 | -€15,947 | -€12,693 | -390.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,254 | -€15,947 | -€12,693 | -390.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.