SELL'IZE: 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.
SELL'IZE
Largest movements
- Receivables within one year +€25,932
up €25,932 (+118%), from €21,940 to €47,872
of which Other amounts receivable: +€20,604
- Cash +€10,568
up €10,568 (+17.3%), from €61,256 to €71,824
mainly Net result for the year (+€34,697) and Trade debts (+€7,401)
- Financial fixed assets +€1,944
up €1,944 (+43.5%), from €4,465 to €6,410
- Profit (loss) carried forward +€34,697
up €34,697 (+61.3%), from €56,580 to €91,277
- Trade debts +€7,401
up €7,401 (+79.7%), from €9,283 to €16,684
- Other debts -€2,150
no longer reported in 2025 (was €2,150)
- Tax, wage and social debts -€2,101
down €2,101 (-9.3%), from €22,519 to €20,418
- Gross operating margin -€5,139
down €5,139 (-9.2%), from €56,083 to €50,944
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 | €92,532 | €130,380 | +€37,848 | +40.9% |
| Fixed assets | 21/28 | €9,336 | €10,683 | +€1,347 | +14.4% |
| Intangible fixed assets | 21 | €4,121 | €3,882 | -€239 | -5.8% |
| Tangible fixed assets | 22/27 | €750 | €392 | -€358 | -47.7% |
| Plant, machinery and equipment | 23 | €750 | - | -€750 | |
| Furniture and vehicles | 24 | - | €392 | +€392 | |
| Financial fixed assets | 28 | €4,465 | €6,410 | +€1,944 | +43.5% |
| Current assets | 29/58 | €83,196 | €119,697 | +€36,501 | +43.9% |
| Amounts receivable within one year | 40/41 | €21,940 | €47,872 | +€25,932 | +118% |
| Trade receivables | 40 | €16,940 | €22,268 | +€5,328 | +31.5% |
| Other amounts receivable | 41 | €5,000 | €25,604 | +€20,604 | +412% |
| Cash at bank and in hand | 54/58 | €61,256 | €71,824 | +€10,568 | +17.3% |
| Total equity and liabilities | 10/49 | €92,532 | €130,380 | +€37,848 | +40.9% |
| Equity | 10/15 | €58,580 | €93,277 | +€34,697 | +59.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,580 | €91,277 | +€34,697 | +61.3% |
| Amounts payable | 17/49 | €33,952 | €37,103 | +€3,151 | +9.3% |
| Amounts payable within one year | 42/48 | €33,952 | €37,103 | +€3,151 | +9.3% |
| Trade debts | 44 | €9,283 | €16,684 | +€7,401 | +79.7% |
| Suppliers | 440/4 | €9,283 | €16,684 | +€7,401 | +79.7% |
| Taxes, remuneration and social security | 45 | €22,519 | €20,418 | -€2,101 | -9.3% |
| Taxes | 450/3 | €22,519 | €20,418 | -€2,101 | -9.3% |
| Other amounts payable | 47/48 | €2,150 | - | -€2,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,104 | €2,317 | +€213 | +10.1% |
| Other operating charges | 640/8 | €795 | €769 | -€26 | -3.3% |
| Gross operating margin | 9900 | €56,083 | €50,944 | -€5,139 | -9.2% |
| Operating profit (loss) | 9901 | €53,184 | €47,858 | -€5,326 | -10.0% |
| Financial income | 75/76B | €80 | €515 | +€435 | +546% |
| Recurring financial income | 75 | €80 | €515 | +€435 | +546% |
| Financial charges | 65/66B | €3,293 | €2,817 | -€476 | -14.4% |
| Recurring financial charges | 65 | €3,293 | €2,817 | -€476 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €49,971 | €45,556 | -€4,415 | -8.8% |
| Income taxes | 67/77 | €11,280 | €10,859 | -€421 | -3.7% |
| Profit (loss) for the period | 9904 | €38,691 | €34,697 | -€3,994 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,691 | €34,697 | -€3,994 | -10.3% |
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 13 October 2026 via checked.be.