SELMANI CONSTRUCT: 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.
SELMANI CONSTRUCT
Largest movements
- Receivables within one year +€91,396
up €91,396 (+77.7%), from €117,641 to €209,037
of which Trade receivables: +€106,321
- Tangible fixed assets +€31,771
up €31,771 (+79.6%), from €39,893 to €71,664
of which Plant, machinery and equipment: +€29,882
- Trade debts +€96,138
up €96,138 (+145.0%), from €66,287 to €162,426
- Debts after one year +€27,054
up €27,054 (+81.6%), from €33,174 to €60,228
of which Financial debts: +€20,894
- Profit (loss) carried forward -€9,560
down €9,560 (-68.2%), from €14,016 to €4,455
- Current portion of long-term debt +€7,162
up €7,162 (+39.9%), from €17,958 to €25,120
- Tax, wage and social debts +€4,745
up €4,745 (+88.5%), from €5,364 to €10,108
of which Taxes: +€2,796
- Gross operating margin +€11,938
up €11,938 (+50.2%), from €23,791 to €35,729
- Depreciation +€9,004
up €9,004 (+87.5%), from €10,293 to €19,296
- Other operating charges -€938
down €938 (-60.9%), from €1,540 to €603
- Taxes +€604
up €604 (+34.3%), from €1,762 to €2,366
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,960 | €286,617 | +€123,657 | +75.9% |
| Formation expenses | 20 | €355 | €115 | -€239 | -67.5% |
| Fixed assets | 21/28 | €40,443 | €72,214 | +€31,771 | +78.6% |
| Tangible fixed assets | 22/27 | €39,893 | €71,664 | +€31,771 | +79.6% |
| Plant, machinery and equipment | 23 | €3,505 | €33,387 | +€29,882 | +852.6% |
| Furniture and vehicles | 24 | €36,388 | €38,278 | +€1,889 | +5.2% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €122,162 | €214,287 | +€92,125 | +75.4% |
| Stocks and contracts in progress | 3 | €3,419 | €5,250 | +€1,831 | +53.6% |
| Stocks | 30/36 | €3,419 | €5,250 | +€1,831 | +53.6% |
| Amounts receivable within one year | 40/41 | €117,641 | €209,037 | +€91,396 | +77.7% |
| Trade receivables | 40 | €102,716 | €209,037 | +€106,321 | +103.5% |
| Other amounts receivable | 41 | €14,925 | - | -€14,925 | |
| Deferred charges and accrued income | 490/1 | €1,102 | - | -€1,102 | |
| Total equity and liabilities | 10/49 | €162,960 | €286,617 | +€123,657 | +75.9% |
| Equity | 10/15 | €14,516 | €4,955 | -€9,560 | -65.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,016 | €4,455 | -€9,560 | -68.2% |
| Amounts payable | 17/49 | €148,444 | €281,661 | +€133,217 | +89.7% |
| Amounts payable after more than one year | 17 | €33,174 | €60,228 | +€27,054 | +81.6% |
| Financial debts | 170/4 | €33,174 | €54,068 | +€20,894 | +63.0% |
| Other amounts payable | 178/9 | - | €6,159 | +€6,159 | |
| Amounts payable within one year | 42/48 | €115,271 | €221,434 | +€106,163 | +92.1% |
| Current portion of amounts payable after more than one year | 42 | €17,958 | €25,120 | +€7,162 | +39.9% |
| Financial debts | 43 | €25,138 | €23,780 | -€1,358 | -5.4% |
| Credit institutions | 430/8 | €25,138 | €23,780 | -€1,358 | -5.4% |
| Trade debts | 44 | €66,287 | €162,426 | +€96,138 | +145.0% |
| Suppliers | 440/4 | €66,287 | €162,426 | +€96,138 | +145.0% |
| Taxes, remuneration and social security | 45 | €5,364 | €10,108 | +€4,745 | +88.5% |
| Taxes | 450/3 | €4,913 | €7,708 | +€2,796 | +56.9% |
| Remuneration and social security | 454/9 | €451 | €2,400 | +€1,949 | +432.1% |
| Other amounts payable | 47/48 | €524 | - | -€524 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,293 | €19,296 | +€9,004 | +87.5% |
| Other operating charges | 640/8 | €1,540 | €603 | -€938 | -60.9% |
| Gross operating margin | 9900 | €23,791 | €35,729 | +€11,938 | +50.2% |
| Operating profit (loss) | 9901 | €11,958 | €15,830 | +€3,872 | +32.4% |
| Financial income | 75/76B | €177 | €0 | -€176 | -99.9% |
| Recurring financial income | 75 | €177 | €0 | -€176 | -99.9% |
| Financial charges | 65/66B | €7,705 | €8,025 | +€319 | +4.1% |
| Recurring financial charges | 65 | €7,705 | €8,025 | +€319 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €4,429 | €7,805 | +€3,376 | +76.2% |
| Income taxes | 67/77 | €1,762 | €2,366 | +€604 | +34.3% |
| Profit (loss) for the period | 9904 | €2,668 | €5,440 | +€2,772 | +103.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,668 | €5,440 | +€2,772 | +103.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.