SELODO: 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.
SELODO
Largest movements
- Financial fixed assets +€364,737
up €364,737 (+49.6%), from €735,500 to €1.1m
- Cash +€105,071
new in 2025: €105,071
mainly Debts after one year (+€355,383) and Other debts (+€73,501)
- Debts after one year +€355,383
up €355,383 (+163%), from €218,244 to €573,627
of which Other amounts payable: +€364,737
- Other debts +€73,501
up €73,501 (+17.6%), from €416,511 to €490,012
- Trade debts +€21,624
up €21,624 (+473%), from €4,571 to €26,195
- Gross operating margin +€2,410
up €2,410 (+17.8%), from -€13,526 to -€11,116
- Financial income -€251
down €251 (-0.9%), from €28,313 to €28,062
- Financial charges +€250
up €250 (+1.7%), from €14,771 to €15,021
- Other operating charges -€198
down €198 (-6.1%), from €3,220 to €3,022
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 | €1,328,212 | €1,780,181 | +€451,969 | +34.0% |
| Fixed assets | 21/28 | €735,500 | €1,100,237 | +€364,737 | +49.6% |
| Financial fixed assets | 28 | €735,500 | €1,100,237 | +€364,737 | +49.6% |
| Current assets | 29/58 | €592,712 | €679,944 | +€87,232 | +14.7% |
| Amounts receivable after more than one year | 29 | €345,455 | €337,223 | -€8,232 | -2.4% |
| Other amounts receivable | 291 | €345,455 | €337,223 | -€8,232 | -2.4% |
| Amounts receivable within one year | 40/41 | €227,709 | €227,717 | +€9 | 0.0% |
| Trade receivables | 40 | - | €83 | +€83 | |
| Other amounts receivable | 41 | €227,709 | €227,634 | -€74 | 0.0% |
| Cash at bank and in hand | 54/58 | - | €105,071 | +€105,071 | |
| Deferred charges and accrued income | 490/1 | €19,549 | €9,933 | -€9,616 | -49.2% |
| Total equity and liabilities | 10/49 | €1,328,212 | €1,780,181 | +€451,969 | +34.0% |
| Equity | 10/15 | €677,398 | €676,300 | -€1,097 | -0.2% |
| Contributions | 10/11 | €825,500 | €825,500 | = | 0.0% |
| Reserves | 13 | €2,083 | €2,083 | = | 0.0% |
| Distributable reserves | 133 | €2,083 | €2,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,185 | -€151,282 | -€1,097 | -0.7% |
| Amounts payable | 17/49 | €650,815 | €1,103,881 | +€453,066 | +69.6% |
| Amounts payable after more than one year | 17 | €218,244 | €573,627 | +€355,383 | +163% |
| Financial debts | 170/4 | €218,244 | €208,890 | -€9,354 | -4.3% |
| Other amounts payable | 178/9 | - | €364,737 | +€364,737 | |
| Amounts payable within one year | 42/48 | €432,571 | €530,254 | +€97,683 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €8,943 | €9,354 | +€411 | +4.6% |
| Financial debts | 43 | €2,545 | - | -€2,545 | |
| Credit institutions | 430/8 | €2,545 | - | -€2,545 | |
| Trade debts | 44 | €4,571 | €26,195 | +€21,624 | +473% |
| Suppliers | 440/4 | €4,571 | €26,195 | +€21,624 | +473% |
| Taxes, remuneration and social security | 45 | - | €4,692 | +€4,692 | |
| Taxes | 450/3 | - | €4,692 | +€4,692 | |
| Other amounts payable | 47/48 | €416,511 | €490,012 | +€73,501 | +17.6% |
| Other operating charges | 640/8 | €3,220 | €3,022 | -€198 | -6.1% |
| Gross operating margin | 9900 | -€13,526 | -€11,116 | +€2,410 | +17.8% |
| Operating profit (loss) | 9901 | -€16,746 | -€14,138 | +€2,608 | +15.6% |
| Financial income | 75/76B | €28,313 | €28,062 | -€251 | -0.9% |
| Recurring financial income | 75 | €28,313 | €28,062 | -€251 | -0.9% |
| Financial charges | 65/66B | €14,771 | €15,021 | +€250 | +1.7% |
| Recurring financial charges | 65 | €14,771 | €15,021 | +€250 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,204 | -€1,097 | +€2,106 | +65.7% |
| Profit (loss) for the period | 9904 | -€3,204 | -€1,097 | +€2,106 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,204 | -€1,097 | +€2,106 | +65.7% |
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.