SELLTO: 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.
SELLTO
Largest movements
- Current investments +€4.0m
new in 2025: €4.0m
- Cash -€1.1m
down €1.1m (-42.5%), from €2.5m to €1.4m
mainly Current investments (-€4.0m) and Investment in fixed assets (net) (-€4,000)
- Reserves +€2.0m
up €2.0m (+119%), from €1.7m to €3.6m
- Tax, wage and social debts +€917,952
up €917,952 (+120%), from €762,841 to €1.7m
- Gross operating margin +€429,318
up €429,318 (+17.6%), from €2.4m to €2.9m
- Taxes +€145,548
up €145,548 (+19.0%), from €767,139 to €912,686
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 | €2,885,833 | €5,799,953 | +€2.9m | +101% |
| Fixed assets | 21/28 | €500 | €4,500 | +€4,000 | +800% |
| Financial fixed assets | 28 | €500 | €4,500 | +€4,000 | +800% |
| Current assets | 29/58 | €2,885,333 | €5,795,453 | +€2.9m | +101% |
| Amounts receivable within one year | 40/41 | €407,921 | €370,719 | -€37,202 | -9.1% |
| Trade receivables | 40 | €189,557 | €143,500 | -€46,056 | -24.3% |
| Other amounts receivable | 41 | €218,364 | €227,219 | +€8,854 | +4.1% |
| Current investments | 50/53 | - | €4,000,000 | +€4.0m | |
| Cash at bank and in hand | 54/58 | €2,477,412 | €1,424,734 | -€1.1m | -42.5% |
| Total equity and liabilities | 10/49 | €2,885,833 | €5,799,953 | +€2.9m | +101% |
| Equity | 10/15 | €1,668,122 | €3,638,165 | +€2.0m | +118% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,658,122 | €3,628,165 | +€2.0m | +119% |
| Distributable reserves | 133 | €1,658,122 | €3,628,165 | +€2.0m | +119% |
| Amounts payable | 17/49 | €1,217,711 | €2,161,788 | +€944,077 | +77.5% |
| Amounts payable within one year | 42/48 | €1,217,711 | €2,161,788 | +€944,077 | +77.5% |
| Trade debts | 44 | €454,870 | €476,996 | +€22,126 | +4.9% |
| Suppliers | 440/4 | €454,870 | €476,996 | +€22,126 | +4.9% |
| Taxes, remuneration and social security | 45 | €762,841 | €1,680,793 | +€917,952 | +120% |
| Taxes | 450/3 | €762,841 | €1,680,793 | +€917,952 | +120% |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,743 | €0 | -€1,743 | -100% |
| Other operating charges | 640/8 | €22,167 | €603 | -€21,565 | -97.3% |
| Gross operating margin | 9900 | €2,434,845 | €2,864,163 | +€429,318 | +17.6% |
| Operating profit (loss) | 9901 | €2,410,935 | €2,863,560 | +€452,625 | +18.8% |
| Financial income | 75/76B | €14,326 | €19,503 | +€5,177 | +36.1% |
| Recurring financial income | 75 | €14,326 | €19,503 | +€5,177 | +36.1% |
| Financial charges | 65/66B | -€1 | €334 | +€334 | |
| Recurring financial charges | 65 | -€1 | €334 | +€334 | |
| Profit (loss) for the period before taxes | 9903 | €2,425,261 | €2,882,729 | +€457,468 | +18.9% |
| Income taxes | 67/77 | €767,139 | €912,686 | +€145,548 | +19.0% |
| Profit (loss) for the period | 9904 | €1,658,122 | €1,970,042 | +€311,920 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,658,122 | €1,970,042 | +€311,920 | +18.8% |
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 17 October 2026 via checked.be.