Sels & Van Sant: 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 & Van Sant
Largest movements
- Cash +€14,599
new in 2025: €14,599
mainly Receivables within one year (+€8,800) and Net result for the year (+€4,080)
- Receivables within one year -€8,800
down €8,800 (-61.1%), from €14,403 to €5,603
of which Other amounts receivable: -€6,391
- Deferred charges and accrued income -€820
no longer reported in 2025 (was €820)
- Profit (loss) carried forward +€4,080
up €4,080 (+30.5%), from -€13,391 to -€9,310
- Trade debts +€2,812
up €2,812 (+16.8%), from €16,700 to €19,512
- Short-term financial debts -€1,913
no longer reported in 2025 (was €1,913)
- Gross operating margin +€1,841
up €1,841 (+56.5%), from €3,257 to €5,098
- Financial charges -€925
down €925 (-90.3%), from €1,025 to €100
- Other operating charges +€664
up €664 (+214%), from €311 to €974
- Financial income -€182
down €182 (-76.3%), from €238 to €56
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 | €15,223 | €20,201 | +€4,979 | +32.7% |
| Current assets | 29/58 | €15,223 | €20,201 | +€4,979 | +32.7% |
| Amounts receivable within one year | 40/41 | €14,403 | €5,603 | -€8,800 | -61.1% |
| Trade receivables | 40 | €4,462 | €2,054 | -€2,409 | -54.0% |
| Other amounts receivable | 41 | €9,940 | €3,549 | -€6,391 | -64.3% |
| Cash at bank and in hand | 54/58 | - | €14,599 | +€14,599 | |
| Deferred charges and accrued income | 490/1 | €820 | - | -€820 | |
| Total equity and liabilities | 10/49 | €15,223 | €20,201 | +€4,979 | +32.7% |
| Equity | 10/15 | -€3,391 | €690 | +€4,080 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,391 | -€9,310 | +€4,080 | +30.5% |
| Amounts payable | 17/49 | €18,613 | €19,512 | +€899 | +4.8% |
| Amounts payable within one year | 42/48 | €18,613 | €19,512 | +€899 | +4.8% |
| Financial debts | 43 | €1,913 | - | -€1,913 | |
| Credit institutions | 430/8 | €1,913 | - | -€1,913 | |
| Trade debts | 44 | €16,700 | €19,512 | +€2,812 | +16.8% |
| Suppliers | 440/4 | €16,700 | €19,512 | +€2,812 | +16.8% |
| Other operating charges | 640/8 | €311 | €974 | +€664 | +214% |
| Gross operating margin | 9900 | €3,257 | €5,098 | +€1,841 | +56.5% |
| Operating profit (loss) | 9901 | €2,946 | €4,123 | +€1,178 | +40.0% |
| Financial income | 75/76B | €238 | €56 | -€182 | -76.3% |
| Recurring financial income | 75 | €238 | €56 | -€182 | -76.3% |
| Financial charges | 65/66B | €1,025 | €100 | -€925 | -90.3% |
| Recurring financial charges | 65 | €1,025 | €100 | -€925 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | €2,159 | €4,080 | +€1,921 | +89.0% |
| Profit (loss) for the period | 9904 | €2,159 | €4,080 | +€1,921 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,159 | €4,080 | +€1,921 | +89.0% |
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 28 October 2026 via checked.be.