Selico: 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.
Selico
Largest movements
- Cash +€31,098
up €31,098 (+32.2%), from €96,499 to €127,596
mainly Net result for the year (+€47,862) and Depreciation (+€14,436)
- Tangible fixed assets -€13,031
down €13,031 (-6.0%), from €216,955 to €203,924
- Reserves +€25,696
up €25,696 (+14.8%), from €174,108 to €199,804
- Debts after one year -€9,727
down €9,727 (-9.4%), from €103,232 to €93,505
- Other debts +€5,057
up €5,057 (+27.8%), from €18,187 to €23,244
- Current portion of long-term debt -€5,050
down €5,050 (-34.2%), from €14,777 to €9,727
- Gross operating margin +€10,841
up €10,841 (+13.7%), from €79,073 to €89,914
- Financial income -€3,558
down €3,558 (-99.9%), from €3,563 to €5
of which Non-recurring financial income: -€3,563
- Taxes +€3,058
up €3,058 (+17.6%), from €17,425 to €20,483
- Depreciation -€1,319
down €1,319 (-8.4%), from €15,755 to €14,436
- Financial charges -€1,039
down €1,039 (-17.6%), from €5,888 to €4,849
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.
Derived cash bridge
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 | €337,197 | €355,214 | +€18,018 | +5.3% |
| Fixed assets | 21/28 | €216,955 | €203,924 | -€13,031 | -6.0% |
| Tangible fixed assets | 22/27 | €216,955 | €203,924 | -€13,031 | -6.0% |
| Land and buildings | 22 | €182,802 | €176,827 | -€5,975 | -3.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €25,995 | €21,225 | -€4,770 | -18.3% |
| Other tangible fixed assets | 26 | €8,158 | €5,871 | -€2,287 | -28.0% |
| Current assets | 29/58 | €120,242 | €151,291 | +€31,049 | +25.8% |
| Amounts receivable within one year | 40/41 | €21,056 | €20,183 | -€873 | -4.1% |
| Trade receivables | 40 | €21,056 | €20,058 | -€998 | -4.7% |
| Other amounts receivable | 41 | - | €125 | +€125 | |
| Cash at bank and in hand | 54/58 | €96,499 | €127,596 | +€31,098 | +32.2% |
| Deferred charges and accrued income | 490/1 | €2,687 | €3,512 | +€825 | +30.7% |
| Total equity and liabilities | 10/49 | €337,197 | €355,214 | +€18,018 | +5.3% |
| Equity | 10/15 | €180,308 | €206,004 | +€25,696 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €174,108 | €199,804 | +€25,696 | +14.8% |
| Distributable reserves | 133 | €174,108 | €199,804 | +€25,696 | +14.8% |
| Amounts payable | 17/49 | €156,888 | €149,210 | -€7,678 | -4.9% |
| Amounts payable after more than one year | 17 | €103,232 | €93,505 | -€9,727 | -9.4% |
| Financial debts | 170/4 | €103,232 | €93,505 | -€9,727 | -9.4% |
| Amounts payable within one year | 42/48 | €52,619 | €54,889 | +€2,270 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €14,777 | €9,727 | -€5,050 | -34.2% |
| Trade debts | 44 | €3,651 | €4,044 | +€393 | +10.8% |
| Suppliers | 440/4 | €3,651 | €4,044 | +€393 | +10.8% |
| Taxes, remuneration and social security | 45 | €16,004 | €17,875 | +€1,870 | +11.7% |
| Taxes | 450/3 | €16,004 | €17,875 | +€1,870 | +11.7% |
| Other amounts payable | 47/48 | €18,187 | €23,244 | +€5,057 | +27.8% |
| Accrued charges and deferred income | 492/3 | €1,038 | €816 | -€222 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,755 | €14,436 | -€1,319 | -8.4% |
| Other operating charges | 640/8 | €2,278 | €2,290 | +€12 | +0.5% |
| Gross operating margin | 9900 | €79,073 | €89,914 | +€10,841 | +13.7% |
| Operating profit (loss) | 9901 | €61,041 | €73,188 | +€12,148 | +19.9% |
| Financial income | 75/76B | €3,563 | €5 | -€3,558 | -99.9% |
| Recurring financial income | 75 | €3,563 | €5 | -€3,558 | -99.9% |
| Non-recurring financial income | 76B | €3,563 | - | -€3,563 | |
| Financial charges | 65/66B | €5,888 | €4,849 | -€1,039 | -17.6% |
| Recurring financial charges | 65 | €5,888 | €4,849 | -€1,039 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €58,716 | €68,345 | +€9,629 | +16.4% |
| Income taxes | 67/77 | €17,425 | €20,483 | +€3,058 | +17.6% |
| Profit (loss) for the period | 9904 | €41,291 | €47,862 | +€6,571 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,291 | €47,862 | +€6,571 | +15.9% |
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 17 October 2026 via checked.be.