SELTEK: 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.
SELTEK
Largest movements
- Tangible fixed assets +€20,998
new in 2025: €20,998
of which Furniture and vehicles: +€19,755
- Cash +€11,358
up €11,358 (+204.6%), from €5,550 to €16,908
mainly Net result for the year (+€19,182) and Tax, wage and social debts (+€9,703)
- Receivables within one year +€3,303
up €3,303 (+50.1%), from €6,594 to €9,897
of which Other amounts receivable: +€3,223
- Profit (loss) carried forward +€19,182
up €19,182 (+340.1%), from €5,641 to €24,823
- Tax, wage and social debts +€9,703
up €9,703 (+207.3%), from €4,680 to €14,383
of which Taxes: +€5,203
- Other debts +€7,044
new in 2025: €7,044
- Gross operating margin +€18,279
up €18,279 (+244.2%), from €7,485 to €25,765
- Taxes +€3,623
up €3,623 (+229.3%), from €1,580 to €5,203
- Depreciation +€1,132
new in 2025: €1,132
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 | €12,144 | €47,803 | +€35,659 | +293.6% |
| Fixed assets | 21/28 | - | €20,998 | +€20,998 | |
| Tangible fixed assets | 22/27 | - | €20,998 | +€20,998 | |
| Plant, machinery and equipment | 23 | - | €1,243 | +€1,243 | |
| Furniture and vehicles | 24 | - | €19,755 | +€19,755 | |
| Current assets | 29/58 | €12,144 | €26,805 | +€14,661 | +120.7% |
| Amounts receivable within one year | 40/41 | €6,594 | €9,897 | +€3,303 | +50.1% |
| Trade receivables | 40 | €6,080 | €6,160 | +€80 | +1.3% |
| Other amounts receivable | 41 | €514 | €3,737 | +€3,223 | +627.3% |
| Cash at bank and in hand | 54/58 | €5,550 | €16,908 | +€11,358 | +204.6% |
| Total equity and liabilities | 10/49 | €12,144 | €47,803 | +€35,659 | +293.6% |
| Equity | 10/15 | €6,641 | €25,823 | +€19,182 | +288.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,641 | €24,823 | +€19,182 | +340.1% |
| Amounts payable | 17/49 | €5,503 | €21,980 | +€16,476 | +299.4% |
| Amounts payable within one year | 42/48 | €5,503 | €21,980 | +€16,476 | +299.4% |
| Trade debts | 44 | €823 | €553 | -€270 | -32.8% |
| Suppliers | 440/4 | €823 | €553 | -€270 | -32.8% |
| Taxes, remuneration and social security | 45 | €4,680 | €14,383 | +€9,703 | +207.3% |
| Taxes | 450/3 | €1,580 | €6,783 | +€5,203 | +329.3% |
| Remuneration and social security | 454/9 | €3,100 | €7,600 | +€4,500 | +145.2% |
| Other amounts payable | 47/48 | - | €7,044 | +€7,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,132 | +€1,132 | |
| Other operating charges | 640/8 | €211 | €207 | -€3 | -1.5% |
| Gross operating margin | 9900 | €7,485 | €25,765 | +€18,279 | +244.2% |
| Operating profit (loss) | 9901 | €7,275 | €24,426 | +€17,151 | +235.8% |
| Financial charges | 65/66B | €54 | €40 | -€13 | -24.7% |
| Recurring financial charges | 65 | €54 | €40 | -€13 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €7,221 | €24,385 | +€17,164 | +237.7% |
| Income taxes | 67/77 | €1,580 | €5,203 | +€3,623 | +229.3% |
| Profit (loss) for the period | 9904 | €5,641 | €19,182 | +€13,541 | +240.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,641 | €19,182 | +€13,541 | +240.1% |
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.