SELTIS: 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.
SELTIS
Largest movements
- Tangible fixed assets -€10,560
down €10,560 (-43.1%), from €24,508 to €13,948
of which Furniture and vehicles: -€11,378
- Cash -€5,510
down €5,510 (-38.1%), from €14,474 to €8,964
mainly Debts after one year (-€11,752) and Advances received (-€3,344)
- Receivables within one year -€3,505
down €3,505 (-7.0%), from €50,422 to €46,917
of which Trade receivables: -€3,498
- Deferred charges and accrued income +€1,196
up €1,196 (+398.8%), from €300 to €1,496
- Debts after one year -€11,752
down €11,752 (-92.2%), from €12,748 to €996
- Advances received -€3,344
down €3,344 (-5.9%), from €56,956 to €53,613
- Trade debts -€3,343
down €3,343 (-58.9%), from €5,672 to €2,328
- Tax, wage and social debts +€2,332
up €2,332 (+35.1%), from €6,638 to €8,970
- Other debts -€1,211
down €1,211 (-99.0%), from €1,223 to €12
- Gross operating margin +€9,174
up €9,174 (+116.8%), from €7,858 to €17,032
- Taxes +€2,256
up €2,256 (+267.4%), from €844 to €3,100
- Other operating charges +€459
up €459 (+305.1%), from €150 to €609
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 | €96,915 | €78,752 | -€18,163 | -18.7% |
| Fixed assets | 21/28 | €24,508 | €13,948 | -€10,560 | -43.1% |
| Tangible fixed assets | 22/27 | €24,508 | €13,948 | -€10,560 | -43.1% |
| Plant, machinery and equipment | 23 | €2,547 | €3,366 | +€819 | +32.1% |
| Furniture and vehicles | 24 | €21,961 | €10,582 | -€11,378 | -51.8% |
| Current assets | 29/58 | €72,406 | €64,804 | -€7,603 | -10.5% |
| Amounts receivable after more than one year | 29 | €7,210 | €7,426 | +€216 | +3.0% |
| Other amounts receivable | 291 | €7,210 | €7,426 | +€216 | +3.0% |
| Amounts receivable within one year | 40/41 | €50,422 | €46,917 | -€3,505 | -7.0% |
| Trade receivables | 40 | €50,415 | €46,917 | -€3,498 | -6.9% |
| Other amounts receivable | 41 | €7 | - | -€7 | |
| Cash at bank and in hand | 54/58 | €14,474 | €8,964 | -€5,510 | -38.1% |
| Deferred charges and accrued income | 490/1 | €300 | €1,496 | +€1,196 | +398.8% |
| Total equity and liabilities | 10/49 | €96,915 | €78,752 | -€18,163 | -18.7% |
| Equity | 10/15 | €1,984 | €1,081 | -€903 | -45.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,016 | -€8,919 | -€903 | -11.3% |
| Amounts payable | 17/49 | €94,930 | €77,671 | -€17,259 | -18.2% |
| Amounts payable after more than one year | 17 | €12,748 | €996 | -€11,752 | -92.2% |
| Financial debts | 170/4 | €12,748 | €996 | -€11,752 | -92.2% |
| Amounts payable within one year | 42/48 | €82,183 | €76,675 | -€5,507 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €11,694 | €11,752 | +€58 | +0.5% |
| Trade debts | 44 | €5,672 | €2,328 | -€3,343 | -58.9% |
| Suppliers | 440/4 | €5,672 | €2,328 | -€3,343 | -58.9% |
| Advances received on contracts in progress | 46 | €56,956 | €53,613 | -€3,344 | -5.9% |
| Taxes, remuneration and social security | 45 | €6,638 | €8,970 | +€2,332 | +35.1% |
| Taxes | 450/3 | €6,638 | €8,970 | +€2,332 | +35.1% |
| Other amounts payable | 47/48 | €1,223 | €12 | -€1,211 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,159 | €13,212 | +€52 | +0.4% |
| Other operating charges | 640/8 | €150 | €609 | +€459 | +305.1% |
| Gross operating margin | 9900 | €7,858 | €17,032 | +€9,174 | +116.8% |
| Operating profit (loss) | 9901 | -€5,452 | €3,211 | +€8,663 | |
| Financial income | 75/76B | €277 | €421 | +€143 | +51.7% |
| Recurring financial income | 75 | €277 | €421 | +€143 | +51.7% |
| Financial charges | 65/66B | €1,393 | €1,434 | +€41 | +2.9% |
| Recurring financial charges | 65 | €1,393 | €1,434 | +€41 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,568 | €2,197 | +€8,765 | |
| Income taxes | 67/77 | €844 | €3,100 | +€2,256 | +267.4% |
| Profit (loss) for the period | 9904 | -€7,412 | -€903 | +€6,509 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,412 | -€903 | +€6,509 | +87.8% |
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.