Sels & C°: 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.
Sels & C°
Largest movements
- Cash +€5,817
up €5,817 (+64.2%), from €9,056 to €14,874
mainly Net result for the year (+€4,252) and Depreciation (+€1,397)
- Tangible fixed assets -€1,397
down €1,397 (-32.4%), from €4,311 to €2,914
of which Furniture and vehicles: -€1,067
- Deferred charges and accrued income +€944
up €944 (+4.5%), from €21,216 to €22,160
- Receivables within one year +€782
up €782 (+6.5%), from €12,078 to €12,860
of which Trade receivables: +€710
- Reserves +€4,252
up €4,252 (+23.4%), from €18,145 to €22,397
of which Distributable reserves: +€4,252
- Tax, wage and social debts +€1,167
up €1,167 (+11.8%), from €9,924 to €11,090
of which Remuneration and social security: +€1,950
- Gross operating margin +€6,679
up €6,679 (+596%), from €1,121 to €7,800
- Other operating charges +€446
up €446 (+26.2%), from €1,705 to €2,151
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 | €46,661 | €52,807 | +€6,146 | +13.2% |
| Fixed assets | 21/28 | €4,311 | €2,914 | -€1,397 | -32.4% |
| Tangible fixed assets | 22/27 | €4,311 | €2,914 | -€1,397 | -32.4% |
| Furniture and vehicles | 24 | €2,107 | €1,040 | -€1,067 | -50.6% |
| Other tangible fixed assets | 26 | €2,204 | €1,873 | -€331 | -15.0% |
| Current assets | 29/58 | €42,350 | €49,894 | +€7,544 | +17.8% |
| Amounts receivable within one year | 40/41 | €12,078 | €12,860 | +€782 | +6.5% |
| Trade receivables | 40 | €11,643 | €12,353 | +€710 | +6.1% |
| Other amounts receivable | 41 | €435 | €507 | +€72 | +16.6% |
| Cash at bank and in hand | 54/58 | €9,056 | €14,874 | +€5,817 | +64.2% |
| Deferred charges and accrued income | 490/1 | €21,216 | €22,160 | +€944 | +4.5% |
| Total equity and liabilities | 10/49 | €46,661 | €52,807 | +€6,146 | +13.2% |
| Equity | 10/15 | €36,737 | €40,989 | +€4,252 | +11.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,145 | €22,397 | +€4,252 | +23.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,778 | €7,778 | = | 0.0% |
| Distributable reserves | 133 | €8,509 | €12,760 | +€4,252 | +50.0% |
| Amounts payable | 17/49 | €9,924 | €11,818 | +€1,895 | +19.1% |
| Amounts payable within one year | 42/48 | €9,924 | €11,527 | +€1,604 | +16.2% |
| Trade debts | 44 | - | €437 | +€437 | |
| Suppliers | 440/4 | - | €437 | +€437 | |
| Taxes, remuneration and social security | 45 | €9,924 | €11,090 | +€1,167 | +11.8% |
| Taxes | 450/3 | €3,605 | €2,822 | -€783 | -21.7% |
| Remuneration and social security | 454/9 | €6,318 | €8,268 | +€1,950 | +30.9% |
| Accrued charges and deferred income | 492/3 | - | €291 | +€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €1,397 | = | 0.0% |
| Other operating charges | 640/8 | €1,705 | €2,151 | +€446 | +26.2% |
| Gross operating margin | 9900 | €1,121 | €7,800 | +€6,679 | +596% |
| Operating profit (loss) | 9901 | -€1,981 | €4,251 | +€6,232 | |
| Financial income | 75/76B | €29 | €50 | +€21 | +70.3% |
| Recurring financial income | 75 | €29 | €50 | +€21 | +70.3% |
| Financial charges | 65/66B | €67 | €50 | -€17 | -25.7% |
| Recurring financial charges | 65 | €67 | €50 | -€17 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,019 | €4,252 | +€6,270 | |
| Profit (loss) for the period | 9904 | -€2,019 | €4,252 | +€6,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,019 | €4,252 | +€6,270 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.