SELO SYSTEMS: 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.
What changed
SELO SYSTEMS
NACE 47.400, Retail sale of information and communication equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€243,215
2024 · €234,594+€8,621
Equity
€769,877
2024 · €835,611-€65,734
Cash
€236,067
2024 · €181,358+€54,709
Balance sheet total
€1.0m
2024 · €918,197+€84,049
Largest movements
Assets
- Stocks and contracts +€65,000
up €65,000 (+54.2%), from €120,000 to €185,000
- Cash +€54,709
up €54,709 (+30.2%), from €181,358 to €236,067
mainly Net result for the year (+€243,215) and Provisions (+€89,488)
- Receivables within one year -€36,420
down €36,420 (-28.4%), from €128,335 to €91,914
of which Trade receivables: -€34,111
Equity and liabilities
- Provisions +€89,488
new in 2025: €89,488
- Reserves -€65,734
down €65,734 (-8.0%), from €817,011 to €751,277
- Other debts +€62,961
new in 2025: €62,961
- Trade debts -€13,571
down €13,571 (-27.0%), from €50,244 to €36,673
Income statement
- Gross operating margin +€129,253
up €129,253 (+37.7%), from €343,059 to €472,313
- Provisions +€89,488
new in 2025: €89,488
- Taxes +€33,869
up €33,869 (+32.1%), from €105,441 to €139,310
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
€234,594
Gross operating margin
+€129,253
Staff costs
+€250
Depreciation
+€333
Provisions
-€89,488
Other operating charges
-€22
Financial income
+€1,838
Financial charges
+€325
Taxes
-€33,869
Result 2025
€243,215
raises the resultlowers the result
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.
From operations
+€363,551
Investment
-€1,776
Financing
-€307,066
Cash 2024
€181,358
From operations (derived)
+€363,551
Net result for the year
+€243,215
Depreciation
+€3,399
Stocks and contracts
-€65,000
Receivables within one year
+€36,420
Deferred charges and accrued income
-€2,383
Provisions
+€89,488
Trade debts
-€13,571
Tax, wage and social debts
+€7,522
Other debts
+€62,961
Accrued charges and deferred income
+€1,500
Investment (derived)
-€1,776
Investment in fixed assets (net)
-€1,776
Financing
-€307,066
Short-term financial debts
+€1,883
Contributions, distributions and other
-€308,949
Cash 2025
€236,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €918,197 | €1,002,246 | +€84,049 | +9.2% |
| Fixed assets | 21/28 | €16,641 | €15,017 | -€1,623 | -9.8% |
| Tangible fixed assets | 22/27 | €16,641 | €15,017 | -€1,623 | -9.8% |
| Land and buildings | 22 | €14,749 | €12,752 | -€1,996 | -13.5% |
| Plant, machinery and equipment | 23 | €98 | €1,716 | +€1,618 | +1,660% |
| Furniture and vehicles | 24 | €1,794 | €549 | -€1,245 | -69.4% |
| Current assets | 29/58 | €901,556 | €987,228 | +€85,672 | +9.5% |
| Amounts receivable after more than one year | 29 | €460,000 | €460,000 | = | 0.0% |
| Trade receivables | 290 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €260,000 | €260,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €120,000 | €185,000 | +€65,000 | +54.2% |
| Stocks | 30/36 | €120,000 | €185,000 | +€65,000 | +54.2% |
| Amounts receivable within one year | 40/41 | €128,335 | €91,914 | -€36,420 | -28.4% |
| Trade receivables | 40 | €124,959 | €90,848 | -€34,111 | -27.3% |
| Other amounts receivable | 41 | €3,376 | €1,066 | -€2,310 | -68.4% |
| Cash at bank and in hand | 54/58 | €181,358 | €236,067 | +€54,709 | +30.2% |
| Deferred charges and accrued income | 490/1 | €11,864 | €14,247 | +€2,383 | +20.1% |
| Total equity and liabilities | 10/49 | €918,197 | €1,002,246 | +€84,049 | +9.2% |
| Equity | 10/15 | €835,611 | €769,877 | -€65,734 | -7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €817,011 | €751,277 | -€65,734 | -8.0% |
| Distributable reserves | 133 | €817,011 | €751,277 | -€65,734 | -8.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €89,488 | +€89,488 | |
| Provisions for liabilities and charges | 160/5 | - | €89,488 | +€89,488 | |
| Other liabilities and charges | 164/5 | - | €89,488 | +€89,488 | |
| Amounts payable | 17/49 | €82,586 | €142,881 | +€60,295 | +73.0% |
| Amounts payable within one year | 42/48 | €57,959 | €116,755 | +€58,795 | +101% |
| Financial debts | 43 | - | €1,883 | +€1,883 | |
| Credit institutions | 430/8 | - | €1,883 | +€1,883 | |
| Trade debts | 44 | €50,244 | €36,673 | -€13,571 | -27.0% |
| Suppliers | 440/4 | €50,244 | €36,673 | -€13,571 | -27.0% |
| Taxes, remuneration and social security | 45 | €7,716 | €15,237 | +€7,522 | +97.5% |
| Taxes | 450/3 | €7,716 | €12,237 | +€4,522 | +58.6% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | - | €62,961 | +€62,961 | |
| Accrued charges and deferred income | 492/3 | €24,627 | €26,126 | +€1,500 | +6.1% |
| Remuneration, social security and pensions | 62 | €250 | €0 | -€250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,733 | €3,399 | -€333 | -8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €89,488 | +€89,488 | |
| Other operating charges | 640/8 | €1,274 | €1,296 | +€22 | +1.7% |
| Gross operating margin | 9900 | €343,059 | €472,313 | +€129,253 | +37.7% |
| Operating profit (loss) | 9901 | €337,803 | €378,130 | +€40,327 | +11.9% |
| Financial income | 75/76B | €6,620 | €8,459 | +€1,838 | +27.8% |
| Recurring financial income | 75 | €6,620 | €8,459 | +€1,838 | +27.8% |
| Financial charges | 65/66B | €4,388 | €4,063 | -€325 | -7.4% |
| Recurring financial charges | 65 | €4,388 | €4,063 | -€325 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €340,035 | €382,525 | +€42,490 | +12.5% |
| Income taxes | 67/77 | €105,441 | €139,310 | +€33,869 | +32.1% |
| Profit (loss) for the period | 9904 | €234,594 | €243,215 | +€8,621 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €234,594 | €243,215 | +€8,621 | +3.7% |
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 15 October 2026 via checked.be.