CAPITA SELECTA: 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.
CAPITA SELECTA
Largest movements
- Cash -€196,022
down €196,022 (-44.3%), from €442,956 to €246,935
mainly Investment in fixed assets (net) (-€231,871) and Receivables within one year (-€124,757)
- Tangible fixed assets +€175,565
up €175,565 (+89.6%), from €196,022 to €371,587
of which Land and buildings: +€186,626
- Receivables within one year +€124,757
up €124,757 (+618%), from €20,178 to €144,935
of which Other amounts receivable: +€126,844
- Deferred charges and accrued income +€20,957
new in 2025: €20,957
- Receivables after one year +€15,000
up €15,000 (+13.7%), from €109,482 to €124,482
- Debts after one year +€172,135
up €172,135 (+169%), from €101,687 to €273,823
- Other debts -€46,173
no longer reported in 2025 (was €46,173)
- Reserves +€45,426
up €45,426 (+10.3%), from €439,598 to €485,023
of which Distributable reserves: +€46,139
- Tax, wage and social debts -€22,573
down €22,573 (-49.2%), from €45,877 to €23,304
- Gross operating margin -€454,573
down €454,573 (-81.2%), from €559,998 to €105,425
- Taxes -€79,703
down €79,703 (-78.7%), from €101,247 to €21,544
- Depreciation +€27,172
up €27,172 (+93.3%), from €29,134 to €56,306
- Financial income +€24,007
up €24,007 (+2,590%), from €927 to €24,934
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 | €768,669 | €908,927 | +€140,257 | +18.2% |
| Fixed assets | 21/28 | €196,022 | €371,587 | +€175,565 | +89.6% |
| Tangible fixed assets | 22/27 | €196,022 | €371,587 | +€175,565 | +89.6% |
| Land and buildings | 22 | €147,989 | €334,615 | +€186,626 | +126% |
| Plant, machinery and equipment | 23 | €8,975 | €7,919 | -€1,056 | -11.8% |
| Furniture and vehicles | 24 | €29,260 | €20,518 | -€8,742 | -29.9% |
| Other tangible fixed assets | 26 | €9,798 | €8,535 | -€1,263 | -12.9% |
| Current assets | 29/58 | €572,647 | €537,339 | -€35,308 | -6.2% |
| Amounts receivable after more than one year | 29 | €109,482 | €124,482 | +€15,000 | +13.7% |
| Other amounts receivable | 291 | €109,482 | €124,482 | +€15,000 | +13.7% |
| Amounts receivable within one year | 40/41 | €20,178 | €144,935 | +€124,757 | +618% |
| Trade receivables | 40 | €6,296 | €4,210 | -€2,087 | -33.1% |
| Other amounts receivable | 41 | €13,881 | €140,725 | +€126,844 | +914% |
| Current investments | 50/53 | €31 | €31 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €442,956 | €246,935 | -€196,022 | -44.3% |
| Deferred charges and accrued income | 490/1 | - | €20,957 | +€20,957 | |
| Total equity and liabilities | 10/49 | €768,669 | €908,927 | +€140,257 | +18.2% |
| Equity | 10/15 | €460,967 | €506,393 | +€45,426 | +9.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €439,598 | €485,023 | +€45,426 | +10.3% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,648 | €36,934 | -€714 | -1.9% |
| Distributable reserves | 133 | €400,000 | €446,139 | +€46,139 | +11.5% |
| Profit (loss) carried forward | 14 | €14,870 | €14,870 | = | 0.0% |
| Provisions and deferred taxes | 16 | €68,540 | €68,361 | -€178 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €59,128 | €59,128 | = | 0.0% |
| Pensions and similar obligations | 160 | €59,128 | €59,128 | = | 0.0% |
| Deferred taxes | 168 | €9,412 | €9,233 | -€178 | -1.9% |
| Amounts payable | 17/49 | €239,163 | €334,173 | +€95,010 | +39.7% |
| Amounts payable after more than one year | 17 | €101,687 | €273,823 | +€172,135 | +169% |
| Financial debts | 170/4 | €101,687 | €273,823 | +€172,135 | +169% |
| Amounts payable within one year | 42/48 | €132,677 | €60,225 | -€72,452 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €25,059 | €27,865 | +€2,805 | +11.2% |
| Trade debts | 44 | €15,568 | €9,056 | -€6,512 | -41.8% |
| Suppliers | 440/4 | €15,568 | €9,056 | -€6,512 | -41.8% |
| Taxes, remuneration and social security | 45 | €45,877 | €23,304 | -€22,573 | -49.2% |
| Taxes | 450/3 | €45,877 | €23,304 | -€22,573 | -49.2% |
| Other amounts payable | 47/48 | €46,173 | - | -€46,173 | |
| Accrued charges and deferred income | 492/3 | €4,798 | €125 | -€4,673 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,134 | €56,306 | +€27,172 | +93.3% |
| Other operating charges | 640/8 | €4,715 | €4,865 | +€149 | +3.2% |
| Non-recurring operating charges | 66A | €112,000 | - | -€112,000 | |
| Gross operating margin | 9900 | €559,998 | €105,425 | -€454,573 | -81.2% |
| Operating profit (loss) | 9901 | €414,148 | €44,254 | -€369,894 | -89.3% |
| Financial income | 75/76B | €927 | €24,934 | +€24,007 | +2,590% |
| Recurring financial income | 75 | €927 | €24,934 | +€24,007 | +2,590% |
| Financial charges | 65/66B | €7,663 | €2,398 | -€5,265 | -68.7% |
| Recurring financial charges | 65 | €7,663 | €2,398 | -€5,265 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €407,412 | €66,791 | -€340,621 | -83.6% |
| Transfer from deferred taxes | 780 | €113 | €178 | +€65 | +57.7% |
| Income taxes | 67/77 | €101,247 | €21,544 | -€79,703 | -78.7% |
| Profit (loss) for the period | 9904 | €306,278 | €45,426 | -€260,853 | -85.2% |
| Transfer from tax-exempt reserves | 789 | €452 | €714 | +€261 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €306,731 | €46,139 | -€260,592 | -85.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.