SELLIGENT: 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.
What changed
SELLIGENT
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€13.2m
2024 · €6.0m-€19.3m
Equity
€25.3m
2024 · €38.6m-€13.2m
Cash
€1.7m
2024 · €3.3m-€1.5m
Balance sheet total
€51.5m
2024 · €67.7m-€16.2m
Largest movements
Assets
- Receivables within one year -€16.1m
down €16.1m (-41.6%), from €38.7m to €22.6m
of which Other amounts receivable: -€17.4m
- Cash -€1.5m
down €1.5m (-47.0%), from €3.3m to €1.7m
mainly Net result for the year (-€13.2m) and Other debts (-€3.1m)
- Intangible fixed assets +€923,329
new in 2025: €923,329
Equity and liabilities
- Profit (loss) carried forward -€13.2m
down €13.2m (-554.7%), from -€2.4m to -€15.6m
- Other debts -€3.1m
down €3.1m (-17.2%), from €18.2m to €15.1m
Income statement
- Financial charges +€23.0m
up €23.0m (+512.2%), from €4.5m to €27.5m
of which Non-recurring financial charges: +€19.3m
- Financial income +€2.1m
up €2.1m (+132.1%), from €1.6m to €3.8m
- Turnover +€1.7m
up €1.7m (+3.9%), from €44.5m to €46.2m
- Services and other goods +€1.6m
up €1.6m (+6.8%), from €24.0m to €25.6m
- Staff costs -€474,768
down €474,768 (-4.1%), from €11.6m to €11.1m
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.
Result 2024
€6.0m
Turnover
+€1.7m
Other operating income
+€195,328
Services and other goods
-€1.6m
Staff costs
+€474,768
Depreciation
-€290,058
Other operating charges
-€63,819
Other operating items
+€1.3m
Financial income
+€2.1m
Financial charges
-€23.0m
Taxes
-€126,658
Result 2025
-€13.2m
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.
From operations
-€135,629
Investment
-€1.3m
Financing
-€79,531
Cash 2024
€3.3m
From operations (derived)
-€135,629
Net result for the year
-€13.2m
Depreciation
+€413,786
Receivables within one year
+€16.1m
Deferred charges and accrued income
-€566,836
Trade debts
-€236,808
Tax, wage and social debts
+€383,752
Other debts
-€3.1m
Accrued charges and deferred income
+€119,778
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€79,531
Debts after one year
-€59,138
Current portion of long-term debt
-€20,393
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,717,504 | €51,539,533 | -€16.2m | -23.9% |
| Fixed assets | 21/28 | €24,509,050 | €25,414,272 | +€905,222 | +3.7% |
| Intangible fixed assets | 21 | - | €923,329 | +€923,329 | |
| Tangible fixed assets | 22/27 | €204,054 | €146,011 | -€58,043 | -28.4% |
| Plant, machinery and equipment | 23 | €128,261 | - | -€128,261 | |
| Furniture and vehicles | 24 | €75,793 | €146,011 | +€70,218 | +92.6% |
| Financial fixed assets | 28 | €24,304,996 | €24,344,932 | +€39,936 | +0.2% |
| Affiliated companies | 280/1 | €24,304,193 | €24,304,193 | = | 0.0% |
| Participating interests | 280 | €24,304,193 | €24,304,193 | = | 0.0% |
| Other financial fixed assets | 284/8 | €803 | €40,739 | +€39,936 | +4973.3% |
| Amounts receivable and cash guarantees | 285/8 | €803 | €40,739 | +€39,936 | +4973.3% |
| Current assets | 29/58 | €43,208,454 | €26,125,261 | -€17.1m | -39.5% |
| Amounts receivable within one year | 40/41 | €38,708,500 | €22,592,639 | -€16.1m | -41.6% |
| Trade receivables | 40 | €18,036,396 | €19,305,036 | +€1.3m | +7.0% |
| Other amounts receivable | 41 | €20,672,104 | €3,287,603 | -€17.4m | -84.1% |
| Cash at bank and in hand | 54/58 | €3,267,583 | €1,733,415 | -€1.5m | -47.0% |
| Deferred charges and accrued income | 490/1 | €1,232,371 | €1,799,207 | +€566,836 | +46.0% |
| Total equity and liabilities | 10/49 | €67,717,504 | €51,539,533 | -€16.2m | -23.9% |
| Equity | 10/15 | €38,552,599 | €25,327,335 | -€13.2m | -34.3% |
| Contributions | 10/11 | €40,368,934 | €40,368,934 | = | 0.0% |
| Capital | 10 | €25,841,570 | €25,841,570 | = | 0.0% |
| Issued capital | 100 | €25,841,570 | €25,841,570 | = | 0.0% |
| Outside capital | 11 | €14,527,364 | €14,527,364 | = | 0.0% |
| Share premium | 1100/10 | €14,527,364 | €14,527,364 | = | 0.0% |
| Reserves | 13 | €568,031 | €568,031 | = | 0.0% |
| Non-distributable reserves | 130/1 | €529,640 | €529,640 | = | 0.0% |
| Legal reserve | 130 | €529,640 | €529,640 | = | 0.0% |
| Distributable reserves | 133 | €38,391 | €38,391 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,384,366 | -€15,609,630 | -€13.2m | -554.7% |
| Amounts payable | 17/49 | €29,164,905 | €26,212,198 | -€3.0m | -10.1% |
| Amounts payable after more than one year | 17 | €114,570 | €55,432 | -€59,138 | -51.6% |
| Other amounts payable | 178/9 | €114,570 | €55,432 | -€59,138 | -51.6% |
| Amounts payable within one year | 42/48 | €29,038,935 | €26,025,588 | -€3.0m | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €262,897 | €242,504 | -€20,393 | -7.8% |
| Trade debts | 44 | €7,725,645 | €7,488,837 | -€236,808 | -3.1% |
| Suppliers | 440/4 | €7,725,645 | €7,488,837 | -€236,808 | -3.1% |
| Taxes, remuneration and social security | 45 | €2,845,830 | €3,229,582 | +€383,752 | +13.5% |
| Taxes | 450/3 | €1,125,209 | €1,428,408 | +€303,199 | +26.9% |
| Remuneration and social security | 454/9 | €1,720,621 | €1,801,174 | +€80,553 | +4.7% |
| Other amounts payable | 47/48 | €18,204,563 | €15,064,665 | -€3.1m | -17.2% |
| Accrued charges and deferred income | 492/3 | €11,400 | €131,178 | +€119,778 | +1050.7% |
| Operating income | 70/76A | €46,484,519 | €49,654,199 | +€3.2m | +6.8% |
| Turnover | 70 | €44,507,673 | €46,242,104 | +€1.7m | +3.9% |
| Own construction capitalised | 72 | - | €1,239,921 | +€1.2m | |
| Other operating income | 74 | €1,976,846 | €2,172,174 | +€195,328 | +9.9% |
| Operating charges | 60/66A | €35,826,067 | €37,242,581 | +€1.4m | +4.0% |
| Services and other goods | 61 | €23,981,584 | €25,613,146 | +€1.6m | +6.8% |
| Remuneration, social security and pensions | 62 | €11,577,530 | €11,102,762 | -€474,768 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,728 | €413,786 | +€290,058 | +234.4% |
| Other operating charges | 640/8 | €44,769 | €108,588 | +€63,819 | +142.6% |
| Non-recurring operating charges | 66A | €98,456 | €4,299 | -€94,157 | -95.6% |
| Operating profit (loss) | 9901 | €10,658,452 | €12,411,618 | +€1.8m | +16.4% |
| Financial income | 75/76B | €1,622,086 | €3,765,657 | +€2.1m | +132.1% |
| Recurring financial income | 75 | €1,622,086 | €3,765,657 | +€2.1m | +132.1% |
| Income from current assets | 751 | €1,015,703 | €2,987,334 | +€2.0m | +194.1% |
| Other financial income | 752/9 | €606,383 | €778,323 | +€171,940 | +28.4% |
| Financial charges | 65/66B | €4,499,444 | €27,544,058 | +€23.0m | +512.2% |
| Recurring financial charges | 65 | €1,009,503 | €4,742,722 | +€3.7m | +369.8% |
| Debt charges | 650 | €461,460 | €2,102,098 | +€1.6m | +355.5% |
| Other financial charges | 652/9 | €548,043 | €2,640,624 | +€2.1m | +381.8% |
| Non-recurring financial charges | 66B | €3,489,941 | €22,801,336 | +€19.3m | +553.3% |
| Profit (loss) for the period before taxes | 9903 | €7,781,094 | -€11,366,783 | -€19.1m | |
| Income taxes | 67/77 | €1,731,823 | €1,858,481 | +€126,658 | +7.3% |
| Taxes | 670/3 | €1,731,823 | €1,858,481 | +€126,658 | +7.3% |
| Profit (loss) for the period | 9904 | €6,049,271 | -€13,225,264 | -€19.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €6,049,271 | -€13,225,264 | -€19.3m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.