Selecpro Plus: 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.
Selecpro Plus
Largest movements
- Receivables within one year +€75,330
up €75,330 (+81.6%), from €92,327 to €167,657
of which Trade receivables: +€63,525
- Cash -€10,292
down €10,292 (-62.3%), from €16,520 to €6,228
mainly Receivables within one year (-€75,330) and Investment in fixed assets (net) (-€3,850)
- Reserves +€44,854
up €44,854 (+54.6%), from €82,156 to €127,010
- Tax, wage and social debts +€20,386
up €20,386 (+65.4%), from €31,153 to €51,539
- Gross operating margin -€50,691
down €50,691 (-46.8%), from €108,206 to €57,515
- Taxes -€12,429
down €12,429 (-48.4%), from €25,680 to €13,251
- Financial income +€2,796
up €2,796 (+147%), from €1,904 to €4,700
- Depreciation +€1,299
up €1,299 (+90.1%), from €1,441 to €2,741
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 | €116,638 | €182,785 | +€66,147 | +56.7% |
| Fixed assets | 21/28 | €7,791 | €8,901 | +€1,109 | +14.2% |
| Tangible fixed assets | 22/27 | €7,791 | €8,901 | +€1,109 | +14.2% |
| Plant, machinery and equipment | 23 | - | €3,437 | +€3,437 | |
| Furniture and vehicles | 24 | €7,791 | €5,464 | -€2,327 | -29.9% |
| Current assets | 29/58 | €108,847 | €173,885 | +€65,038 | +59.8% |
| Amounts receivable within one year | 40/41 | €92,327 | €167,657 | +€75,330 | +81.6% |
| Trade receivables | 40 | €11,495 | €75,020 | +€63,525 | +553% |
| Other amounts receivable | 41 | €80,832 | €92,637 | +€11,805 | +14.6% |
| Cash at bank and in hand | 54/58 | €16,520 | €6,228 | -€10,292 | -62.3% |
| Total equity and liabilities | 10/49 | €116,638 | €182,785 | +€66,147 | +56.7% |
| Equity | 10/15 | €84,656 | €129,510 | +€44,854 | +53.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,156 | €127,010 | +€44,854 | +54.6% |
| Distributable reserves | 133 | €82,156 | €127,010 | +€44,854 | +54.6% |
| Amounts payable | 17/49 | €31,982 | €53,275 | +€21,293 | +66.6% |
| Amounts payable within one year | 42/48 | €31,982 | €53,275 | +€21,293 | +66.6% |
| Trade debts | 44 | €829 | €1,735 | +€907 | +109% |
| Suppliers | 440/4 | €829 | €1,735 | +€907 | +109% |
| Taxes, remuneration and social security | 45 | €31,153 | €51,539 | +€20,386 | +65.4% |
| Taxes | 450/3 | €31,153 | €51,539 | +€20,386 | +65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €2,741 | +€1,299 | +90.1% |
| Other operating charges | 640/8 | €716 | €1,138 | +€423 | +59.1% |
| Gross operating margin | 9900 | €108,206 | €57,515 | -€50,691 | -46.8% |
| Operating profit (loss) | 9901 | €106,049 | €53,636 | -€52,413 | -49.4% |
| Financial income | 75/76B | €1,904 | €4,700 | +€2,796 | +147% |
| Recurring financial income | 75 | €1,904 | €4,700 | +€2,796 | +147% |
| Financial charges | 65/66B | €117 | €231 | +€114 | +97.8% |
| Recurring financial charges | 65 | €117 | €231 | +€114 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €107,837 | €58,105 | -€49,731 | -46.1% |
| Income taxes | 67/77 | €25,680 | €13,251 | -€12,429 | -48.4% |
| Profit (loss) for the period | 9904 | €82,156 | €44,854 | -€37,303 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,156 | €44,854 | -€37,303 | -45.4% |
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 26 October 2026 via checked.be.