SELMELC Cybersecurity: 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.
SELMELC Cybersecurity
Largest movements
- Current investments +€30,292
up €30,292 (+425.2%), from €7,124 to €37,416
- Cash +€9,363
up €9,363 (+51.0%), from €18,368 to €27,731
mainly Net result for the year (+€36,096) and Tax, wage and social debts (+€5,847)
- Tangible fixed assets +€2,393
new in 2025: €2,393
- Profit (loss) carried forward +€36,096
up €36,096 (+202.3%), from €17,843 to €53,940
- Tax, wage and social debts +€5,847
up €5,847 (+98.3%), from €5,950 to €11,797
of which Taxes: +€3,092
- Gross operating margin +€21,713
up €21,713 (+91.1%), from €23,832 to €45,545
- Taxes +€3,082
up €3,082 (+51.8%), from €5,955 to €9,037
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 | €26,243 | €68,119 | +€41,876 | +159.6% |
| Fixed assets | 21/28 | €275 | €2,624 | +€2,348 | +853.0% |
| Intangible fixed assets | 21 | €180 | €135 | -€45 | -25.0% |
| Tangible fixed assets | 22/27 | - | €2,393 | +€2,393 | |
| Furniture and vehicles | 24 | - | €2,393 | +€2,393 | |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €25,967 | €65,495 | +€39,528 | +152.2% |
| Amounts receivable within one year | 40/41 | €448 | €238 | -€210 | -46.9% |
| Other amounts receivable | 41 | €448 | €238 | -€210 | -46.9% |
| Current investments | 50/53 | €7,124 | €37,416 | +€30,292 | +425.2% |
| Cash at bank and in hand | 54/58 | €18,368 | €27,731 | +€9,363 | +51.0% |
| Deferred charges and accrued income | 490/1 | €28 | €111 | +€83 | +299.1% |
| Total equity and liabilities | 10/49 | €26,243 | €68,119 | +€41,876 | +159.6% |
| Equity | 10/15 | €19,843 | €55,940 | +€36,096 | +181.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,843 | €53,940 | +€36,096 | +202.3% |
| Amounts payable | 17/49 | €6,399 | €12,179 | +€5,780 | +90.3% |
| Amounts payable within one year | 42/48 | €6,399 | €12,179 | +€5,780 | +90.3% |
| Taxes, remuneration and social security | 45 | €5,950 | €11,797 | +€5,847 | +98.3% |
| Taxes | 450/3 | €5,950 | €9,042 | +€3,092 | +52.0% |
| Remuneration and social security | 454/9 | - | €2,755 | +€2,755 | |
| Other amounts payable | 47/48 | €449 | €382 | -€67 | -14.9% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -100.0% |
| Non-recurring operating income | 76A | €145 | €0 | -€145 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45 | €131 | +€86 | +191.2% |
| Gross operating margin | 9900 | €23,832 | €45,545 | +€21,713 | +91.1% |
| Operating profit (loss) | 9901 | €23,787 | €45,414 | +€21,627 | +90.9% |
| Financial income | 75/76B | €33 | €37 | +€5 | +13.8% |
| Recurring financial income | 75 | €33 | €37 | +€5 | +13.8% |
| Financial charges | 65/66B | €21 | €318 | +€296 | +1386.9% |
| Recurring financial charges | 65 | €21 | €318 | +€297 | +1450.0% |
| Non-recurring financial charges | 66B | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €23,798 | €45,133 | +€21,335 | +89.6% |
| Income taxes | 67/77 | €5,955 | €9,037 | +€3,082 | +51.8% |
| Profit (loss) for the period | 9904 | €17,843 | €36,096 | +€18,253 | +102.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,843 | €36,096 | +€18,253 | +102.3% |
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 9 October 2026 via checked.be.