SELVIDENT: 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.
SELVIDENT
Largest movements
- Cash +€98,064
up €98,064 (+36.5%), from €268,595 to €366,659
mainly Net result for the year (+€158,028) and Depreciation (+€46,469)
- Tangible fixed assets -€56,770
down €56,770 (-13.8%), from €411,440 to €354,670
- Receivables within one year +€24,272
new in 2024: €24,272
- Reserves +€150,000
up €150,000 (+85.3%), from €175,897 to €325,897
of which Distributable reserves: +€150,000
- Trade debts -€97,155
down €97,155 (-76.9%), from €126,324 to €29,169
- Tax, wage and social debts +€14,844
up €14,844 (+32.7%), from €45,353 to €60,197
of which Taxes: +€24,111
- Debts after one year -€11,370
down €11,370 (-12.8%), from €88,734 to €77,364
- Profit (loss) carried forward +€8,028
up €8,028 (+3.3%), from €240,894 to €248,922
- Gross operating margin +€184,137
up €184,137 (+66.7%), from €276,091 to €460,227
- Financial charges +€53,495
up €53,495 (+398.3%), from €13,432 to €66,927
- Taxes +€40,851
up €40,851 (+115.3%), from €35,420 to €76,271
- Staff costs -€26,075
down €26,075 (-21.2%), from €123,210 to €97,135
- Other operating charges +€11,936
up €11,936 (+344.9%), from €3,461 to €15,397
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 | €711,012 | €774,857 | +€63,845 | +9.0% |
| Fixed assets | 21/28 | €442,416 | €383,925 | -€58,491 | -13.2% |
| Intangible fixed assets | 21 | €30,976 | €29,255 | -€1,721 | -5.6% |
| Tangible fixed assets | 22/27 | €411,440 | €354,670 | -€56,770 | -13.8% |
| Land and buildings | 22 | €289,015 | €270,362 | -€18,652 | -6.5% |
| Plant, machinery and equipment | 23 | €22,380 | €14,925 | -€7,455 | -33.3% |
| Furniture and vehicles | 24 | €43,801 | €19,703 | -€24,098 | -55.0% |
| Other tangible fixed assets | 26 | €56,245 | €49,680 | -€6,565 | -11.7% |
| Current assets | 29/58 | €268,595 | €390,931 | +€122,336 | +45.5% |
| Amounts receivable within one year | 40/41 | - | €24,272 | +€24,272 | |
| Other amounts receivable | 41 | - | €24,272 | +€24,272 | |
| Cash at bank and in hand | 54/58 | €268,595 | €366,659 | +€98,064 | +36.5% |
| Total equity and liabilities | 10/49 | €711,012 | €774,857 | +€63,845 | +9.0% |
| Equity | 10/15 | €435,391 | €593,419 | +€158,028 | +36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €175,897 | €325,897 | +€150,000 | +85.3% |
| 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 | €174,037 | €324,037 | +€150,000 | +86.2% |
| Profit (loss) carried forward | 14 | €240,894 | €248,922 | +€8,028 | +3.3% |
| Amounts payable | 17/49 | €275,621 | €181,438 | -€94,183 | -34.2% |
| Amounts payable after more than one year | 17 | €88,734 | €77,364 | -€11,370 | -12.8% |
| Financial debts | 170/4 | €88,734 | €77,364 | -€11,370 | -12.8% |
| Amounts payable within one year | 42/48 | €186,887 | €104,073 | -€82,814 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €14,070 | €14,708 | +€637 | +4.5% |
| Trade debts | 44 | €126,324 | €29,169 | -€97,155 | -76.9% |
| Suppliers | 440/4 | €126,324 | €29,169 | -€97,155 | -76.9% |
| Taxes, remuneration and social security | 45 | €45,353 | €60,197 | +€14,844 | +32.7% |
| Taxes | 450/3 | €26,326 | €50,437 | +€24,111 | +91.6% |
| Remuneration and social security | 454/9 | €19,027 | €9,759 | -€9,268 | -48.7% |
| Other amounts payable | 47/48 | €1,140 | - | -€1,140 | |
| Non-recurring operating income | 76A | - | €2,984 | +€2,984 | |
| Remuneration, social security and pensions | 62 | €123,210 | €97,135 | -€26,075 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,596 | €46,469 | +€874 | +1.9% |
| Other operating charges | 640/8 | €3,461 | €15,397 | +€11,936 | +344.9% |
| Gross operating margin | 9900 | €276,091 | €460,227 | +€184,137 | +66.7% |
| Operating profit (loss) | 9901 | €103,824 | €301,226 | +€197,402 | +190.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €13,432 | €66,927 | +€53,495 | +398.3% |
| Recurring financial charges | 65 | €13,432 | €66,927 | +€53,495 | +398.3% |
| Profit (loss) for the period before taxes | 9903 | €90,392 | €234,299 | +€143,907 | +159.2% |
| Income taxes | 67/77 | €35,420 | €76,271 | +€40,851 | +115.3% |
| Profit (loss) for the period | 9904 | €54,972 | €158,028 | +€103,056 | +187.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,972 | €158,028 | +€103,056 | +187.5% |
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 4 October 2026 via checked.be.