OPTIEK SELCA: 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.
OPTIEK SELCA
Largest movements
- Receivables within one year +€95,120
up €95,120 (+25.4%), from €375,062 to €470,181
of which Other amounts receivable: +€86,681
- Cash -€57,207
down €57,207 (-29.7%), from €192,897 to €135,690
mainly Receivables within one year (-€95,120) and Trade debts (-€57,083)
- Tangible fixed assets -€22,187
down €22,187 (-20.8%), from €106,490 to €84,303
- Stocks and contracts +€17,003
up €17,003 (+13.5%), from €126,048 to €143,051
- Reserves +€89,727
up €89,727 (+37.1%), from €241,692 to €331,420
of which Distributable reserves: +€89,727
- Trade debts -€57,083
down €57,083 (-16.5%), from €346,360 to €289,277
- Other debts +€50,532
up €50,532 (+28,671%), from €176 to €50,709
- Tax, wage and social debts -€48,025
down €48,025 (-35.5%), from €135,252 to €87,227
of which Remuneration and social security: -€37,264
- Short-term financial debts +€27,243
up €27,243 (+96.0%), from €28,378 to €55,620
- Gross operating margin +€58,605
up €58,605 (+8.8%), from €667,072 to €725,676
- Depreciation -€14,181
down €14,181 (-29.4%), from €48,240 to €34,059
- Taxes +€9,697
up €9,697 (+24.4%), from €39,810 to €49,507
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 | €812,937 | €842,977 | +€30,040 | +3.7% |
| Fixed assets | 21/28 | €109,490 | €86,303 | -€23,187 | -21.2% |
| Intangible fixed assets | 21 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Tangible fixed assets | 22/27 | €106,490 | €84,303 | -€22,187 | -20.8% |
| Land and buildings | 22 | €53,458 | €44,686 | -€8,772 | -16.4% |
| Plant, machinery and equipment | 23 | €11,852 | €5,411 | -€6,441 | -54.3% |
| Furniture and vehicles | 24 | €21,116 | €18,519 | -€2,597 | -12.3% |
| Leasing and similar rights | 25 | €20,064 | €15,687 | -€4,377 | -21.8% |
| Current assets | 29/58 | €703,447 | €756,674 | +€53,228 | +7.6% |
| Stocks and contracts in progress | 3 | €126,048 | €143,051 | +€17,003 | +13.5% |
| Stocks | 30/36 | €126,048 | €143,051 | +€17,003 | +13.5% |
| Amounts receivable within one year | 40/41 | €375,062 | €470,181 | +€95,120 | +25.4% |
| Trade receivables | 40 | €79,567 | €88,006 | +€8,439 | +10.6% |
| Other amounts receivable | 41 | €295,494 | €382,175 | +€86,681 | +29.3% |
| Cash at bank and in hand | 54/58 | €192,897 | €135,690 | -€57,207 | -29.7% |
| Deferred charges and accrued income | 490/1 | €9,440 | €7,752 | -€1,688 | -17.9% |
| Total equity and liabilities | 10/49 | €812,937 | €842,977 | +€30,040 | +3.7% |
| Equity | 10/15 | €247,915 | €337,642 | +€89,727 | +36.2% |
| Contributions | 10/11 | €6,222 | €6,222 | = | 0.0% |
| Reserves | 13 | €241,692 | €331,420 | +€89,727 | +37.1% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €239,692 | €329,420 | +€89,727 | +37.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €565,022 | €505,335 | -€59,687 | -10.6% |
| Amounts payable after more than one year | 17 | €21,992 | €5,720 | -€16,272 | -74.0% |
| Financial debts | 170/4 | €21,992 | €5,720 | -€16,272 | -74.0% |
| Amounts payable within one year | 42/48 | €543,030 | €499,085 | -€43,945 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €32,863 | €16,251 | -€16,612 | -50.5% |
| Financial debts | 43 | €28,378 | €55,620 | +€27,243 | +96.0% |
| Credit institutions | 430/8 | €28,378 | €55,620 | +€27,243 | +96.0% |
| Trade debts | 44 | €346,360 | €289,277 | -€57,083 | -16.5% |
| Suppliers | 440/4 | €346,360 | €289,277 | -€57,083 | -16.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €135,252 | €87,227 | -€48,025 | -35.5% |
| Taxes | 450/3 | €36,411 | €25,650 | -€10,761 | -29.6% |
| Remuneration and social security | 454/9 | €98,841 | €61,576 | -€37,264 | -37.7% |
| Other amounts payable | 47/48 | €176 | €50,709 | +€50,532 | +28,671% |
| Accrued charges and deferred income | 492/3 | - | €531 | +€531 | |
| Remuneration, social security and pensions | 62 | €496,329 | €494,214 | -€2,115 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,240 | €34,059 | -€14,181 | -29.4% |
| Other operating charges | 640/8 | €3,679 | €3,184 | -€495 | -13.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €667,072 | €725,676 | +€58,605 | +8.8% |
| Operating profit (loss) | 9901 | €118,823 | €194,219 | +€75,396 | +63.5% |
| Financial income | 75/76B | €5,120 | €8,056 | +€2,937 | +57.4% |
| Recurring financial income | 75 | €5,120 | €8,056 | +€2,937 | +57.4% |
| Financial charges | 65/66B | €11,372 | €13,041 | +€1,669 | +14.7% |
| Recurring financial charges | 65 | €11,372 | €13,041 | +€1,669 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €112,571 | €189,234 | +€76,663 | +68.1% |
| Income taxes | 67/77 | €39,810 | €49,507 | +€9,697 | +24.4% |
| Profit (loss) for the period | 9904 | €72,761 | €139,727 | +€66,966 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,761 | €139,727 | +€66,966 | +92.0% |
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 29 October 2026 via checked.be.