SELYNE: 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.
SELYNE
Largest movements
- Tangible fixed assets +€49,506
up €49,506 (+106.9%), from €46,316 to €95,822
of which Plant, machinery and equipment: +€58,452
- Cash -€29,624
down €29,624 (-62.0%), from €47,772 to €18,148
mainly Contributions, distributions and other (-€85,622) and Investment in fixed assets (net) (-€75,804)
- Receivables within one year -€15,179
down €15,179 (-45.2%), from €33,550 to €18,372
of which Trade receivables: -€7,686
- Reserves -€27,409
down €27,409 (-93.6%), from €29,269 to €1,860
of which Distributable reserves: -€27,409
- Trade debts +€16,806
up €16,806 (+1124.0%), from €1,495 to €18,301
- Other debts +€7,443
new in 2025: €7,443
- Tax, wage and social debts +€6,545
up €6,545 (+8.5%), from €77,092 to €83,637
of which Taxes: +€7,250
- Gross operating margin -€46,290
down €46,290 (-22.6%), from €204,379 to €158,090
- Taxes -€14,606
down €14,606 (-44.2%), from €33,073 to €18,466
- Depreciation +€10,357
up €10,357 (+65.0%), from €15,941 to €26,299
- Staff costs -€3,204
down €3,204 (-5.9%), from €54,694 to €51,491
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 | €128,957 | €132,341 | +€3,384 | +2.6% |
| Fixed assets | 21/28 | €46,316 | €95,822 | +€49,506 | +106.9% |
| Tangible fixed assets | 22/27 | €46,316 | €95,822 | +€49,506 | +106.9% |
| Plant, machinery and equipment | 23 | €18,129 | €76,581 | +€58,452 | +322.4% |
| Furniture and vehicles | 24 | €28,188 | €19,241 | -€8,947 | -31.7% |
| Current assets | 29/58 | €82,641 | €36,520 | -€46,121 | -55.8% |
| Amounts receivable within one year | 40/41 | €33,550 | €18,372 | -€15,179 | -45.2% |
| Trade receivables | 40 | €25,057 | €17,371 | -€7,686 | -30.7% |
| Other amounts receivable | 41 | €8,493 | €1,000 | -€7,493 | -88.2% |
| Cash at bank and in hand | 54/58 | €47,772 | €18,148 | -€29,624 | -62.0% |
| Deferred charges and accrued income | 490/1 | €1,319 | - | -€1,319 | |
| Total equity and liabilities | 10/49 | €128,957 | €132,341 | +€3,384 | +2.6% |
| Equity | 10/15 | €47,869 | €20,460 | -€27,409 | -57.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,269 | €1,860 | -€27,409 | -93.6% |
| 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 | €27,409 | - | -€27,409 | |
| Amounts payable | 17/49 | €81,088 | €111,881 | +€30,794 | +38.0% |
| Amounts payable within one year | 42/48 | €78,588 | €109,381 | +€30,794 | +39.2% |
| Trade debts | 44 | €1,495 | €18,301 | +€16,806 | +1124.0% |
| Suppliers | 440/4 | €1,495 | €18,301 | +€16,806 | +1124.0% |
| Taxes, remuneration and social security | 45 | €77,092 | €83,637 | +€6,545 | +8.5% |
| Taxes | 450/3 | €68,779 | €76,030 | +€7,250 | +10.5% |
| Remuneration and social security | 454/9 | €8,313 | €7,607 | -€706 | -8.5% |
| Other amounts payable | 47/48 | - | €7,443 | +€7,443 | |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €54,694 | €51,491 | -€3,204 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,941 | €26,299 | +€10,357 | +65.0% |
| Other operating charges | 640/8 | €3,493 | €3,414 | -€78 | -2.2% |
| Gross operating margin | 9900 | €204,379 | €158,090 | -€46,290 | -22.6% |
| Operating profit (loss) | 9901 | €130,251 | €76,886 | -€53,365 | -41.0% |
| Financial charges | 65/66B | €134 | €207 | +€73 | +54.2% |
| Recurring financial charges | 65 | €134 | €207 | +€73 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €130,117 | €76,680 | -€53,437 | -41.1% |
| Income taxes | 67/77 | €33,073 | €18,466 | -€14,606 | -44.2% |
| Profit (loss) for the period | 9904 | €97,044 | €58,213 | -€38,831 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,044 | €58,213 | -€38,831 | -40.0% |
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 10 October 2026 via checked.be.