SELSYA: 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.
SELSYA
Largest movements
- Receivables within one year -€41,780
down €41,780 (-69.1%), from €60,468 to €18,688
- Cash +€32,224
up €32,224 (+96.4%), from €33,420 to €65,644
mainly Receivables within one year (+€41,780) and Net result for the year (+€19,183)
- Tangible fixed assets +€16,005
up €16,005 (+147%), from €10,894 to €26,898
of which Land and buildings: +€10,852
- Stocks and contracts -€6,485
down €6,485 (-73.1%), from €8,871 to €2,386
- Deferred charges and accrued income -€2,563
down €2,563 (-25.0%), from €10,252 to €7,689
- Advances received -€43,702
no longer reported in 2025 (was €43,702)
- Profit (loss) carried forward +€19,183
up €19,183 (+1,523%), from €1,260 to €20,442
- Other debts +€13,848
up €13,848 (+54.9%), from €25,234 to €39,081
- Tax, wage and social debts +€8,631
up €8,631 (+54.0%), from €15,996 to €24,627
of which Taxes: +€10,496
- Gross operating margin +€23,002
up €23,002 (+15.1%), from €152,233 to €175,235
- Staff costs -€10,582
down €10,582 (-7.4%), from €142,931 to €132,349
- Taxes +€9,695
new in 2025: €9,695
- Depreciation +€4,097
up €4,097 (+125%), from €3,279 to €7,376
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 | €123,905 | €121,911 | -€1,994 | -1.6% |
| Fixed assets | 21/28 | €10,894 | €27,503 | +€16,610 | +152% |
| Tangible fixed assets | 22/27 | €10,894 | €26,898 | +€16,005 | +147% |
| Land and buildings | 22 | - | €10,852 | +€10,852 | |
| Plant, machinery and equipment | 23 | - | €7,664 | +€7,664 | |
| Furniture and vehicles | 24 | €10,894 | €8,383 | -€2,511 | -23.1% |
| Financial fixed assets | 28 | - | €605 | +€605 | |
| Current assets | 29/58 | €113,011 | €94,407 | -€18,604 | -16.5% |
| Stocks and contracts in progress | 3 | €8,871 | €2,386 | -€6,485 | -73.1% |
| Stocks | 30/36 | €8,871 | €2,386 | -€6,485 | -73.1% |
| Amounts receivable within one year | 40/41 | €60,468 | €18,688 | -€41,780 | -69.1% |
| Trade receivables | 40 | €60,468 | €18,688 | -€41,780 | -69.1% |
| Cash at bank and in hand | 54/58 | €33,420 | €65,644 | +€32,224 | +96.4% |
| Deferred charges and accrued income | 490/1 | €10,252 | €7,689 | -€2,563 | -25.0% |
| Total equity and liabilities | 10/49 | €123,905 | €121,911 | -€1,994 | -1.6% |
| Equity | 10/15 | €2,760 | €21,942 | +€19,183 | +695% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,260 | €20,442 | +€19,183 | +1,523% |
| Amounts payable | 17/49 | €121,146 | €99,968 | -€21,177 | -17.5% |
| Amounts payable within one year | 42/48 | €121,146 | €99,968 | -€21,177 | -17.5% |
| Trade debts | 44 | €36,214 | €36,260 | +€46 | +0.1% |
| Suppliers | 440/4 | €36,214 | €36,260 | +€46 | +0.1% |
| Advances received on contracts in progress | 46 | €43,702 | - | -€43,702 | |
| Taxes, remuneration and social security | 45 | €15,996 | €24,627 | +€8,631 | +54.0% |
| Taxes | 450/3 | €3,282 | €13,778 | +€10,496 | +320% |
| Remuneration and social security | 454/9 | €12,714 | €10,849 | -€1,865 | -14.7% |
| Other amounts payable | 47/48 | €25,234 | €39,081 | +€13,848 | +54.9% |
| Remuneration, social security and pensions | 62 | €142,931 | €132,349 | -€10,582 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,279 | €7,376 | +€4,097 | +125% |
| Other operating charges | 640/8 | €982 | €2,583 | +€1,601 | +163% |
| Gross operating margin | 9900 | €152,233 | €175,235 | +€23,002 | +15.1% |
| Operating profit (loss) | 9901 | €5,041 | €32,927 | +€27,886 | +553% |
| Financial charges | 65/66B | €3,781 | €4,050 | +€269 | +7.1% |
| Recurring financial charges | 65 | €3,781 | €4,050 | +€269 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €1,260 | €28,877 | +€27,618 | +2,193% |
| Income taxes | 67/77 | - | €9,695 | +€9,695 | |
| Profit (loss) for the period | 9904 | €1,260 | €19,183 | +€17,923 | +1,423% |
| Profit (loss) for the period to be appropriated | 9905 | €1,260 | €19,183 | +€17,923 | +1,423% |
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 18 October 2026 via checked.be.