SELOZ: 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.
SELOZ
Largest movements
- Tangible fixed assets +€6,661
new in 2025: €6,661
- Cash +€6,400
up €6,400 (+59.2%), from €10,818 to €17,218
mainly Trade debts (+€7,405) and Tax, wage and social debts (+€4,518)
- Receivables within one year -€3,248
down €3,248 (-79.6%), from €4,081 to €833
of which Trade receivables: -€4,081
- Deferred charges and accrued income +€442
up €442 (+79.5%), from €556 to €998
- Trade debts +€7,405
up €7,405 (+90.3%), from €8,197 to €15,602
- Tax, wage and social debts +€4,518
up €4,518 (+36.9%), from €12,229 to €16,746
of which Taxes: +€2,755
- Other debts -€1,221
down €1,221 (-100.0%), from €1,221 to €0
- Profit (loss) carried forward -€446
down €446 (-11.2%), from -€3,968 to -€4,414
- Gross operating margin +€21,005
up €21,005 (+37.7%), from €55,695 to €76,700
- Staff costs +€18,696
up €18,696 (+33.2%), from €56,366 to €75,062
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 | €20,679 | €30,934 | +€10,255 | +49.6% |
| Fixed assets | 21/28 | €225 | €6,886 | +€6,661 | +2960.2% |
| Tangible fixed assets | 22/27 | - | €6,661 | +€6,661 | |
| Plant, machinery and equipment | 23 | - | €6,661 | +€6,661 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €20,454 | €24,049 | +€3,594 | +17.6% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,081 | €833 | -€3,248 | -79.6% |
| Trade receivables | 40 | €4,081 | €0 | -€4,081 | -100.0% |
| Other amounts receivable | 41 | - | €833 | +€833 | |
| Cash at bank and in hand | 54/58 | €10,818 | €17,218 | +€6,400 | +59.2% |
| Deferred charges and accrued income | 490/1 | €556 | €998 | +€442 | +79.5% |
| Total equity and liabilities | 10/49 | €20,679 | €30,934 | +€10,255 | +49.6% |
| Equity | 10/15 | -€968 | -€1,414 | -€446 | -46.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,968 | -€4,414 | -€446 | -11.2% |
| Amounts payable | 17/49 | €21,647 | €32,348 | +€10,701 | +49.4% |
| Amounts payable within one year | 42/48 | €21,647 | €32,348 | +€10,701 | +49.4% |
| Trade debts | 44 | €8,197 | €15,602 | +€7,405 | +90.3% |
| Suppliers | 440/4 | €8,197 | €15,602 | +€7,405 | +90.3% |
| Taxes, remuneration and social security | 45 | €12,229 | €16,746 | +€4,518 | +36.9% |
| Taxes | 450/3 | €6,766 | €9,521 | +€2,755 | +40.7% |
| Remuneration and social security | 454/9 | €5,463 | €7,225 | +€1,763 | +32.3% |
| Other amounts payable | 47/48 | €1,221 | €0 | -€1,221 | -100.0% |
| Remuneration, social security and pensions | 62 | €56,366 | €75,062 | +€18,696 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €606 | +€606 | |
| Other operating charges | 640/8 | €850 | €749 | -€102 | -12.0% |
| Gross operating margin | 9900 | €55,695 | €76,700 | +€21,005 | +37.7% |
| Operating profit (loss) | 9901 | -€1,522 | €284 | +€1,806 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €586 | €730 | +€145 | +24.7% |
| Recurring financial charges | 65 | €586 | €730 | +€145 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,107 | -€446 | +€1,661 | +78.8% |
| Profit (loss) for the period | 9904 | -€2,107 | -€446 | +€1,661 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,107 | -€446 | +€1,661 | +78.8% |
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 1 October 2026 via checked.be.