SELO PARTNERS: 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.
SELO PARTNERS
Largest movements
- Receivables within one year -€3,016
down €3,016 (-67.3%), from €4,479 to €1,463
- Cash -€1,617
down €1,617 (-64.3%), from €2,517 to €900
mainly Net result for the year (-€19,468) and Trade debts (-€9,947)
- Deferred charges and accrued income +€1,003
new in 2025: €1,003
- Tangible fixed assets -€442
down €442 (-26.6%), from €1,661 to €1,219
- Other debts +€25,339
up €25,339 (+239%), from €10,619 to €35,958
- Profit (loss) carried forward -€19,468
down €19,468 (-84.5%), from -€23,032 to -€42,500
- Trade debts -€9,947
down €9,947 (-55.5%), from €17,934 to €7,986
- Gross operating margin -€6,611
down €6,611 (-71.3%), from -€9,275 to -€15,886
- Financial charges +€822
up €822 (+46.0%), from €1,786 to €2,607
- Other operating charges -€401
down €401 (-47.0%), from €853 to €452
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 | €8,657 | €4,584 | -€4,074 | -47.1% |
| Fixed assets | 21/28 | €1,661 | €1,219 | -€442 | -26.6% |
| Tangible fixed assets | 22/27 | €1,661 | €1,219 | -€442 | -26.6% |
| Plant, machinery and equipment | 23 | €1,661 | €1,219 | -€442 | -26.6% |
| Current assets | 29/58 | €6,996 | €3,365 | -€3,631 | -51.9% |
| Amounts receivable within one year | 40/41 | €4,479 | €1,463 | -€3,016 | -67.3% |
| Other amounts receivable | 41 | €4,479 | €1,463 | -€3,016 | -67.3% |
| Cash at bank and in hand | 54/58 | €2,517 | €900 | -€1,617 | -64.3% |
| Deferred charges and accrued income | 490/1 | - | €1,003 | +€1,003 | |
| Total equity and liabilities | 10/49 | €8,657 | €4,584 | -€4,074 | -47.1% |
| Equity | 10/15 | -€20,032 | -€39,500 | -€19,468 | -97.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,032 | -€42,500 | -€19,468 | -84.5% |
| Amounts payable | 17/49 | €28,689 | €44,083 | +€15,394 | +53.7% |
| Amounts payable within one year | 42/48 | €28,689 | €44,083 | +€15,394 | +53.7% |
| Trade debts | 44 | €17,934 | €7,986 | -€9,947 | -55.5% |
| Suppliers | 440/4 | €17,934 | €7,986 | -€9,947 | -55.5% |
| Taxes, remuneration and social security | 45 | €136 | €139 | +€3 | +2.1% |
| Taxes | 450/3 | €136 | €139 | +€3 | +2.1% |
| Other amounts payable | 47/48 | €10,619 | €35,958 | +€25,339 | +239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442 | €442 | = | 0.0% |
| Other operating charges | 640/8 | €853 | €452 | -€401 | -47.0% |
| Gross operating margin | 9900 | -€9,275 | -€15,886 | -€6,611 | -71.3% |
| Operating profit (loss) | 9901 | -€10,570 | -€16,781 | -€6,211 | -58.8% |
| Financial charges | 65/66B | €1,786 | €2,607 | +€822 | +46.0% |
| Recurring financial charges | 65 | €1,786 | €2,607 | +€822 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,356 | -€19,388 | -€7,032 | -56.9% |
| Income taxes | 67/77 | €59 | €80 | +€21 | +35.3% |
| Profit (loss) for the period | 9904 | -€12,415 | -€19,468 | -€7,053 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,415 | -€19,468 | -€7,053 | -56.8% |
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 18 October 2026 via checked.be.