Sels IT Solutions: 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 IT Solutions
Largest movements
- Tangible fixed assets -€13,785
down €13,785 (-28.3%), from €48,764 to €34,979
- Cash +€8,269
up €8,269 (+14.9%), from €55,455 to €63,724
mainly Depreciation (+€13,785) and Other debts (+€3,161)
- Tax, wage and social debts -€8,232
down €8,232 (-47.7%), from €17,250 to €9,018
- Other debts +€3,161
up €3,161 (+4.4%), from €72,105 to €75,266
- Gross operating margin -€72,747
down €72,747 (-82.2%), from €88,503 to €15,756
- Taxes -€15,652
down €15,652 (-96.6%), from €16,202 to €551
- Depreciation +€7,378
up €7,378 (+115.2%), from €6,407 to €13,785
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 | €119,153 | €114,325 | -€4,828 | -4.1% |
| Fixed assets | 21/28 | €48,764 | €34,979 | -€13,785 | -28.3% |
| Tangible fixed assets | 22/27 | €48,764 | €34,979 | -€13,785 | -28.3% |
| Furniture and vehicles | 24 | €48,764 | €34,979 | -€13,785 | -28.3% |
| Current assets | 29/58 | €70,388 | €79,346 | +€8,958 | +12.7% |
| Amounts receivable within one year | 40/41 | €14,519 | €14,730 | +€211 | +1.5% |
| Trade receivables | 40 | €12,536 | €8,218 | -€4,318 | -34.4% |
| Other amounts receivable | 41 | €1,984 | €6,512 | +€4,529 | +228.3% |
| Cash at bank and in hand | 54/58 | €55,455 | €63,724 | +€8,269 | +14.9% |
| Deferred charges and accrued income | 490/1 | €414 | €892 | +€477 | +115.2% |
| Total equity and liabilities | 10/49 | €119,153 | €114,325 | -€4,828 | -4.1% |
| Equity | 10/15 | €29,729 | €29,811 | +€83 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,129 | €11,211 | +€83 | +0.7% |
| Tax-exempt reserves | 132 | €11,129 | €11,129 | = | 0.0% |
| Distributable reserves | 133 | €0 | €83 | +€83 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,424 | €84,514 | -€4,911 | -5.5% |
| Amounts payable within one year | 42/48 | €89,424 | €84,514 | -€4,911 | -5.5% |
| Trade debts | 44 | €69 | €229 | +€160 | +232.6% |
| Suppliers | 440/4 | €69 | €229 | +€160 | +232.6% |
| Taxes, remuneration and social security | 45 | €17,250 | €9,018 | -€8,232 | -47.7% |
| Taxes | 450/3 | €17,250 | €9,018 | -€8,232 | -47.7% |
| Other amounts payable | 47/48 | €72,105 | €75,266 | +€3,161 | +4.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,072 | €0 | -€4,072 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,407 | €13,785 | +€7,378 | +115.2% |
| Other operating charges | 640/8 | €1,245 | €509 | -€735 | -59.1% |
| Gross operating margin | 9900 | €88,503 | €15,756 | -€72,747 | -82.2% |
| Operating profit (loss) | 9901 | €80,851 | €1,461 | -€79,390 | -98.2% |
| Financial income | 75/76B | €301 | €208 | -€93 | -30.9% |
| Recurring financial income | 75 | €301 | €208 | -€93 | -30.9% |
| Financial charges | 65/66B | €1,135 | €1,036 | -€99 | -8.7% |
| Recurring financial charges | 65 | €1,135 | €1,036 | -€99 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €80,017 | €634 | -€79,384 | -99.2% |
| Income taxes | 67/77 | €16,202 | €551 | -€15,652 | -96.6% |
| Profit (loss) for the period | 9904 | €63,815 | €83 | -€63,732 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,815 | €83 | -€63,732 | -99.9% |
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 12 October 2026 via checked.be.