SELSIUM: 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.
SELSIUM
Largest movements
- Receivables within one year -€28,550
down €28,550 (-34.1%), from €83,811 to €55,261
of which Trade receivables: -€48,304
- Tangible fixed assets +€10,121
up €10,121 (+159.9%), from €6,330 to €16,451
- Cash -€4,498
down €4,498 (-42.6%), from €10,568 to €6,071
mainly Trade debts (-€26,361) and Investment in fixed assets (net) (-€17,715)
- Stocks and contracts -€2,023
no longer reported in 2025 (was €2,023)
- Trade debts -€26,361
down €26,361 (-45.1%), from €58,484 to €32,123
- Short-term financial debts +€14,223
up €14,223 (+259.9%), from €5,473 to €19,696
- Tax, wage and social debts -€8,233
down €8,233 (-69.9%), from €11,783 to €3,550
- Profit (loss) carried forward -€7,274
down €7,274 (-98.5%), from €7,385 to €111
- Other debts +€2,695
up €2,695 (+61.2%), from €4,408 to €7,103
- Gross operating margin -€28,284
down €28,284 (-89.4%), from €31,653 to €3,368
- Depreciation +€5,252
up €5,252 (+224.2%), from €2,342 to €7,594
- Taxes -€3,045
down €3,045 (-72.0%), from €4,230 to €1,184
- Other operating charges -€501
down €501 (-27.7%), from €1,811 to €1,310
- Financial charges +€447
up €447 (+220.2%), from €203 to €650
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 | €102,733 | €77,783 | -€24,949 | -24.3% |
| Fixed assets | 21/28 | €6,330 | €16,451 | +€10,121 | +159.9% |
| Tangible fixed assets | 22/27 | €6,330 | €16,451 | +€10,121 | +159.9% |
| Furniture and vehicles | 24 | €6,330 | €16,451 | +€10,121 | +159.9% |
| Current assets | 29/58 | €96,402 | €61,332 | -€35,070 | -36.4% |
| Stocks and contracts in progress | 3 | €2,023 | - | -€2,023 | |
| Stocks | 30/36 | €2,023 | - | -€2,023 | |
| Amounts receivable within one year | 40/41 | €83,811 | €55,261 | -€28,550 | -34.1% |
| Trade receivables | 40 | €83,811 | €35,507 | -€48,304 | -57.6% |
| Other amounts receivable | 41 | - | €19,755 | +€19,755 | |
| Cash at bank and in hand | 54/58 | €10,568 | €6,071 | -€4,498 | -42.6% |
| Total equity and liabilities | 10/49 | €102,733 | €77,783 | -€24,949 | -24.3% |
| Equity | 10/15 | €22,585 | €15,311 | -€7,274 | -32.2% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,385 | €111 | -€7,274 | -98.5% |
| Amounts payable | 17/49 | €80,148 | €62,473 | -€17,675 | -22.1% |
| Amounts payable within one year | 42/48 | €80,148 | €62,473 | -€17,675 | -22.1% |
| Financial debts | 43 | €5,473 | €19,696 | +€14,223 | +259.9% |
| Credit institutions | 430/8 | €5,473 | €19,696 | +€14,223 | +259.9% |
| Trade debts | 44 | €58,484 | €32,123 | -€26,361 | -45.1% |
| Suppliers | 440/4 | €58,484 | €32,123 | -€26,361 | -45.1% |
| Taxes, remuneration and social security | 45 | €11,783 | €3,550 | -€8,233 | -69.9% |
| Taxes | 450/3 | €11,783 | €3,550 | -€8,233 | -69.9% |
| Other amounts payable | 47/48 | €4,408 | €7,103 | +€2,695 | +61.2% |
| Non-recurring operating income | 76A | €76 | - | -€76 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,342 | €7,594 | +€5,252 | +224.2% |
| Other operating charges | 640/8 | €1,811 | €1,310 | -€501 | -27.7% |
| Gross operating margin | 9900 | €31,653 | €3,368 | -€28,284 | -89.4% |
| Operating profit (loss) | 9901 | €27,499 | -€5,536 | -€33,035 | |
| Financial income | 75/76B | - | €96 | +€96 | |
| Recurring financial income | 75 | - | €96 | +€96 | |
| Financial charges | 65/66B | €203 | €650 | +€447 | +220.2% |
| Recurring financial charges | 65 | €203 | €650 | +€447 | +220.2% |
| Profit (loss) for the period before taxes | 9903 | €27,296 | -€6,090 | -€33,386 | |
| Income taxes | 67/77 | €4,230 | €1,184 | -€3,045 | -72.0% |
| Profit (loss) for the period | 9904 | €23,066 | -€7,274 | -€30,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,066 | -€7,274 | -€30,340 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.