Sels Software & Security: 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 Software & Security
Largest movements
- Tangible fixed assets -€8,489
down €8,489 (-30.7%), from €27,676 to €19,187
- Receivables within one year +€5,698
up €5,698 (+107.2%), from €5,317 to €11,015
of which Trade receivables: +€5,742
- Other debts -€14,911
down €14,911 (-48.3%), from €30,865 to €15,954
- Reserves +€12,907
up €12,907 (+258.1%), from €5,000 to €17,907
- Profit (loss) carried forward -€2,677
down €2,677 (-100.0%), from €2,677 to €0
- Tax, wage and social debts +€2,212
up €2,212 (+117.4%), from €1,884 to €4,096
- Gross operating margin +€11,743
up €11,743 (+101.2%), from €11,604 to €23,348
- Taxes +€4,007
up €4,007 (+2825.6%), from €142 to €4,149
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 | €43,686 | €40,956 | -€2,729 | -6.2% |
| Fixed assets | 21/28 | €27,676 | €19,187 | -€8,489 | -30.7% |
| Tangible fixed assets | 22/27 | €27,676 | €19,187 | -€8,489 | -30.7% |
| Furniture and vehicles | 24 | €27,676 | €19,187 | -€8,489 | -30.7% |
| Current assets | 29/58 | €16,009 | €21,769 | +€5,760 | +36.0% |
| Amounts receivable within one year | 40/41 | €5,317 | €11,015 | +€5,698 | +107.2% |
| Trade receivables | 40 | €5,262 | €11,004 | +€5,742 | +109.1% |
| Other amounts receivable | 41 | €55 | €11 | -€44 | -80.2% |
| Cash at bank and in hand | 54/58 | €10,333 | €10,754 | +€421 | +4.1% |
| Deferred charges and accrued income | 490/1 | €359 | €0 | -€359 | -100.0% |
| Total equity and liabilities | 10/49 | €43,686 | €40,956 | -€2,729 | -6.2% |
| Equity | 10/15 | €10,677 | €20,907 | +€10,229 | +95.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €17,907 | +€12,907 | +258.1% |
| Distributable reserves | 133 | €5,000 | €17,907 | +€12,907 | +258.1% |
| Profit (loss) carried forward | 14 | €2,677 | €0 | -€2,677 | -100.0% |
| Amounts payable | 17/49 | €33,008 | €20,050 | -€12,959 | -39.3% |
| Amounts payable within one year | 42/48 | €33,008 | €20,050 | -€12,959 | -39.3% |
| Financial debts | 43 | €149 | €0 | -€149 | -100.0% |
| Credit institutions | 430/8 | €149 | €0 | -€149 | -100.0% |
| Trade debts | 44 | €110 | €0 | -€110 | -100.0% |
| Suppliers | 440/4 | €110 | €0 | -€110 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,884 | €4,096 | +€2,212 | +117.4% |
| Taxes | 450/3 | €1,884 | €4,096 | +€2,212 | +117.4% |
| Other amounts payable | 47/48 | €30,865 | €15,954 | -€14,911 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,489 | €8,489 | -€0 | 0.0% |
| Other operating charges | 640/8 | €513 | €462 | -€51 | -10.0% |
| Gross operating margin | 9900 | €11,604 | €23,348 | +€11,743 | +101.2% |
| Operating profit (loss) | 9901 | €2,602 | €14,397 | +€11,795 | +453.3% |
| Financial charges | 65/66B | €60 | €109 | +€49 | +82.9% |
| Recurring financial charges | 65 | €60 | €109 | +€49 | +82.9% |
| Profit (loss) for the period before taxes | 9903 | €2,542 | €14,288 | +€11,745 | +462.0% |
| Income taxes | 67/77 | €142 | €4,149 | +€4,007 | +2825.6% |
| Profit (loss) for the period | 9904 | €2,401 | €10,139 | +€7,738 | +322.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,401 | €10,139 | +€7,738 | +322.3% |
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.