SELTALMO: 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.
SELTALMO
Largest movements
- Cash +€95,322
up €95,322 (+27.6%), from €345,633 to €440,955
mainly Net result for the year (+€89,329) and Other debts (+€61,526)
- Receivables within one year -€37,593
down €37,593 (-53.8%), from €69,887 to €32,294
- Tangible fixed assets +€20,653
up €20,653 (+20.1%), from €102,907 to €123,560
of which Plant, machinery and equipment: +€22,542
- Deferred charges and accrued income +€11,766
up €11,766 (+9.6%), from €122,622 to €134,388
- Other debts +€61,526
new in 2024: €61,526
- Reserves +€26,867
up €26,867 (+5.3%), from €506,855 to €533,722
of which Distributable reserves: +€26,867
- Gross operating margin -€27,621
down €27,621 (-16.7%), from €165,780 to €138,159
- Taxes -€9,313
down €9,313 (-19.0%), from €48,940 to €39,627
- Financial income +€2,465
new in 2024: €2,465
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €641,099 | €731,247 | +€90,148 | +14.1% |
| Fixed assets | 21/28 | €102,957 | €123,610 | +€20,653 | +20.1% |
| Tangible fixed assets | 22/27 | €102,907 | €123,560 | +€20,653 | +20.1% |
| Plant, machinery and equipment | 23 | €24,990 | €47,532 | +€22,542 | +90.2% |
| Furniture and vehicles | 24 | €77,917 | €76,028 | -€1,889 | -2.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €538,142 | €607,637 | +€69,495 | +12.9% |
| Amounts receivable within one year | 40/41 | €69,887 | €32,294 | -€37,593 | -53.8% |
| Other amounts receivable | 41 | €69,887 | €32,294 | -€37,593 | -53.8% |
| Cash at bank and in hand | 54/58 | €345,633 | €440,955 | +€95,322 | +27.6% |
| Deferred charges and accrued income | 490/1 | €122,622 | €134,388 | +€11,766 | +9.6% |
| Total equity and liabilities | 10/49 | €641,099 | €731,247 | +€90,148 | +14.1% |
| Equity | 10/15 | €608,002 | €634,869 | +€26,867 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €506,855 | €533,722 | +€26,867 | +5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €504,995 | €531,862 | +€26,867 | +5.3% |
| Profit (loss) carried forward | 14 | €82,547 | €82,547 | -€0 | 0.0% |
| Amounts payable | 17/49 | €33,097 | €96,378 | +€63,281 | +191.2% |
| Amounts payable within one year | 42/48 | €33,097 | €96,378 | +€63,281 | +191.2% |
| Current portion of amounts payable after more than one year | 42 | €20,269 | €20,285 | +€16 | +0.1% |
| Trade debts | 44 | €7,336 | €7,114 | -€222 | -3.0% |
| Suppliers | 440/4 | €7,336 | €7,114 | -€222 | -3.0% |
| Taxes, remuneration and social security | 45 | €5,492 | €7,452 | +€1,960 | +35.7% |
| Taxes | 450/3 | €2,041 | €3,924 | +€1,883 | +92.3% |
| Remuneration and social security | 454/9 | €3,451 | €3,528 | +€77 | +2.2% |
| Other amounts payable | 47/48 | - | €61,526 | +€61,526 | |
| Non-recurring operating income | 76A | - | €1,796 | +€1,796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,017 | €7,284 | +€267 | +3.8% |
| Other operating charges | 640/8 | €1,703 | €2,591 | +€888 | +52.1% |
| Gross operating margin | 9900 | €165,780 | €138,159 | -€27,621 | -16.7% |
| Operating profit (loss) | 9901 | €157,060 | €128,285 | -€28,775 | -18.3% |
| Financial income | 75/76B | - | €2,465 | +€2,465 | |
| Recurring financial income | 75 | - | €2,465 | +€2,465 | |
| Financial charges | 65/66B | €716 | €1,793 | +€1,077 | +150.5% |
| Recurring financial charges | 65 | €716 | €1,793 | +€1,077 | +150.5% |
| Profit (loss) for the period before taxes | 9903 | €156,344 | €128,956 | -€27,388 | -17.5% |
| Income taxes | 67/77 | €48,940 | €39,627 | -€9,313 | -19.0% |
| Profit (loss) for the period | 9904 | €107,404 | €89,329 | -€18,075 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €107,404 | €89,329 | -€18,075 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.