SELOUCO: 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.
SELOUCO
Largest movements
- Receivables after one year +€40,000
up €40,000 (+16.0%), from €250,000 to €290,000
- Receivables within one year -€14,602
down €14,602 (-28.1%), from €52,051 to €37,449
of which Trade receivables: -€12,124
- Deferred charges and accrued income -€8,318
down €8,318 (-72.5%), from €11,480 to €3,162
- Cash -€3,993
down €3,993 (-26.9%), from €14,860 to €10,866
mainly Receivables after one year (-€40,000) and Other debts (-€10,593)
- Reserves +€11,023
up €11,023 (+7.2%), from €153,066 to €164,089
- Other debts -€10,593
down €10,593 (-6.3%), from €167,897 to €157,304
- Tax, wage and social debts +€8,675
up €8,675 (+114.0%), from €7,606 to €16,281
of which Taxes: +€8,417
- Trade debts +€4,861
up €4,861 (+2095.2%), from €232 to €5,093
- Financial charges +€5,429
up €5,429 (+43.4%), from €12,509 to €17,938
- Gross operating margin -€3,701
down €3,701 (-15.0%), from €24,610 to €20,910
- Other operating charges -€862
down €862 (-28.2%), from €3,055 to €2,193
- Taxes -€384
down €384 (-6.6%), from €5,855 to €5,471
- Financial income +€287
up €287 (+1.8%), from €16,150 to €16,437
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 | €329,801 | €343,767 | +€13,966 | +4.2% |
| Fixed assets | 21/28 | €1,411 | €2,289 | +€879 | +62.3% |
| Tangible fixed assets | 22/27 | €1,411 | €2,289 | +€879 | +62.3% |
| Furniture and vehicles | 24 | €1,411 | €2,289 | +€879 | +62.3% |
| Current assets | 29/58 | €328,391 | €341,478 | +€13,087 | +4.0% |
| Amounts receivable after more than one year | 29 | €250,000 | €290,000 | +€40,000 | +16.0% |
| Other amounts receivable | 291 | €250,000 | €290,000 | +€40,000 | +16.0% |
| Amounts receivable within one year | 40/41 | €52,051 | €37,449 | -€14,602 | -28.1% |
| Trade receivables | 40 | €31,786 | €19,663 | -€12,124 | -38.1% |
| Other amounts receivable | 41 | €20,265 | €17,787 | -€2,478 | -12.2% |
| Cash at bank and in hand | 54/58 | €14,860 | €10,866 | -€3,993 | -26.9% |
| Deferred charges and accrued income | 490/1 | €11,480 | €3,162 | -€8,318 | -72.5% |
| Total equity and liabilities | 10/49 | €329,801 | €343,767 | +€13,966 | +4.2% |
| Equity | 10/15 | €154,066 | €165,089 | +€11,023 | +7.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €153,066 | €164,089 | +€11,023 | +7.2% |
| Distributable reserves | 133 | €153,066 | €164,089 | +€11,023 | +7.2% |
| Amounts payable | 17/49 | €175,735 | €178,678 | +€2,943 | +1.7% |
| Amounts payable within one year | 42/48 | €175,735 | €178,678 | +€2,943 | +1.7% |
| Trade debts | 44 | €232 | €5,093 | +€4,861 | +2095.2% |
| Suppliers | 440/4 | €232 | €5,093 | +€4,861 | +2095.2% |
| Taxes, remuneration and social security | 45 | €7,606 | €16,281 | +€8,675 | +114.0% |
| Taxes | 450/3 | €4,504 | €12,921 | +€8,417 | +186.9% |
| Remuneration and social security | 454/9 | €3,102 | €3,360 | +€258 | +8.3% |
| Other amounts payable | 47/48 | €167,897 | €157,304 | -€10,593 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €853 | €722 | -€131 | -15.4% |
| Other operating charges | 640/8 | €3,055 | €2,193 | -€862 | -28.2% |
| Gross operating margin | 9900 | €24,610 | €20,910 | -€3,701 | -15.0% |
| Operating profit (loss) | 9901 | €20,703 | €17,995 | -€2,708 | -13.1% |
| Financial income | 75/76B | €16,150 | €16,437 | +€287 | +1.8% |
| Recurring financial income | 75 | €16,150 | €16,437 | +€287 | +1.8% |
| Financial charges | 65/66B | €12,509 | €17,938 | +€5,429 | +43.4% |
| Recurring financial charges | 65 | €12,509 | €17,938 | +€5,429 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €24,344 | €16,494 | -€7,850 | -32.2% |
| Income taxes | 67/77 | €5,855 | €5,471 | -€384 | -6.6% |
| Profit (loss) for the period | 9904 | €18,489 | €11,023 | -€7,466 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,489 | €11,023 | -€7,466 | -40.4% |
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.