SELOETY: what changed
Two fiscal 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.
SELOETY
Largest movements
- Tangible fixed assets +€160,132
new in 2025: €160,132
- Cash +€30,790
up €30,790 (+763.5%), from €4,033 to €34,823
mainly Net result for the year (+€119,222) and Tax, wage and social debts (+€41,856)
- Profit (loss) carried forward +€119,222
up €119,222 (+25299.2%), from €471 to €119,694
- Tax, wage and social debts +€41,856
up €41,856 (+11773.4%), from €356 to €42,211
- Other debts +€30,757
new in 2025: €30,757
- Gross operating margin +€178,916
up €178,916 (+18324.0%), from €976 to €179,892
- Taxes +€36,452
up €36,452 (+30941.3%), from €118 to €36,570
- Depreciation +€23,445
new in 2025: €23,445
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 | €6,090 | €197,441 | +€191,351 | +3142.3% |
| Fixed assets | 21/28 | - | €160,190 | +€160,190 | |
| Tangible fixed assets | 22/27 | - | €160,132 | +€160,132 | |
| Furniture and vehicles | 24 | - | €160,132 | +€160,132 | |
| Financial fixed assets | 28 | - | €58 | +€58 | |
| Current assets | 29/58 | €6,090 | €37,250 | +€31,161 | +511.7% |
| Amounts receivable within one year | 40/41 | €2,057 | €1,189 | -€868 | -42.2% |
| Trade receivables | 40 | €2,057 | €1,180 | -€877 | -42.7% |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €4,033 | €34,823 | +€30,790 | +763.5% |
| Deferred charges and accrued income | 490/1 | - | €1,239 | +€1,239 | |
| Total equity and liabilities | 10/49 | €6,090 | €197,441 | +€191,351 | +3142.3% |
| Equity | 10/15 | €3,471 | €122,694 | +€119,222 | +3434.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €471 | €119,694 | +€119,222 | +25299.2% |
| Amounts payable | 17/49 | €2,618 | €74,747 | +€72,129 | +2754.7% |
| Amounts payable within one year | 42/48 | €2,618 | €74,747 | +€72,129 | +2754.7% |
| Trade debts | 44 | €2,263 | €1,779 | -€484 | -21.4% |
| Suppliers | 440/4 | €2,263 | €1,779 | -€484 | -21.4% |
| Taxes, remuneration and social security | 45 | €356 | €42,211 | +€41,856 | +11773.4% |
| Taxes | 450/3 | €356 | €42,211 | +€41,856 | +11773.4% |
| Other amounts payable | 47/48 | - | €30,757 | +€30,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €23,445 | +€23,445 | |
| Other operating charges | 640/8 | €387 | €655 | +€268 | +69.2% |
| Gross operating margin | 9900 | €976 | €179,892 | +€178,916 | +18324.0% |
| Operating profit (loss) | 9901 | €589 | €155,792 | +€155,203 | +26347.6% |
| Profit (loss) for the period before taxes | 9903 | €589 | €155,792 | +€155,203 | +26347.6% |
| Income taxes | 67/77 | €118 | €36,570 | +€36,452 | +30941.3% |
| Profit (loss) for the period | 9904 | €471 | €119,222 | +€118,751 | +25199.2% |
| Profit (loss) for the period to be appropriated | 9905 | €471 | €119,222 | +€118,751 | +25199.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.