SELECT HOLDING: 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.
SELECT HOLDING
Largest movements
- Receivables within one year -€170,000
down €170,000 (-100%), from €170,000 to €0
- Current portion of long-term debt -€480,000
down €480,000 (-100%), from €480,000 to €0
- Debts after one year +€230,000
up €230,000 (+22.8%), from €1.0m to €1.2m
- Other debts +€161,000
new in 2025: €161,000
- Profit (loss) carried forward -€83,835
down €83,835 (-6.9%), from €1.2m to €1.1m
- Financial charges +€9,510
up €9,510 (+13.6%), from €69,765 to €79,275
- Gross operating margin +€3,233
up €3,233 (+45.0%), from -€7,191 to -€3,958
- Other operating charges +€260
up €260 (+75.6%), from €343 to €603
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 | €3,523,095 | €3,350,261 | -€172,835 | -4.9% |
| Fixed assets | 21/28 | €3,350,000 | €3,350,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,350,000 | €3,350,000 | = | 0.0% |
| Current assets | 29/58 | €173,095 | €261 | -€172,835 | -99.8% |
| Amounts receivable within one year | 40/41 | €170,000 | €0 | -€170,000 | -100% |
| Other amounts receivable | 41 | €170,000 | €0 | -€170,000 | -100% |
| Cash at bank and in hand | 54/58 | €3,095 | €261 | -€2,835 | -91.6% |
| Total equity and liabilities | 10/49 | €3,523,095 | €3,350,261 | -€172,835 | -4.9% |
| Equity | 10/15 | €2,016,533 | €1,932,698 | -€83,835 | -4.2% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,216,533 | €1,132,698 | -€83,835 | -6.9% |
| Amounts payable | 17/49 | €1,506,563 | €1,417,563 | -€89,000 | -5.9% |
| Amounts payable after more than one year | 17 | €1,010,000 | €1,240,000 | +€230,000 | +22.8% |
| Financial debts | 170/4 | €1,010,000 | €1,240,000 | +€230,000 | +22.8% |
| Amounts payable within one year | 42/48 | €480,000 | €161,000 | -€319,000 | -66.5% |
| Current portion of amounts payable after more than one year | 42 | €480,000 | €0 | -€480,000 | -100% |
| Other amounts payable | 47/48 | - | €161,000 | +€161,000 | |
| Accrued charges and deferred income | 492/3 | €16,563 | €16,563 | = | 0.0% |
| Other operating charges | 640/8 | €343 | €603 | +€260 | +75.6% |
| Gross operating margin | 9900 | -€7,191 | -€3,958 | +€3,233 | +45.0% |
| Operating profit (loss) | 9901 | -€7,534 | -€4,560 | +€2,974 | +39.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €69,765 | €79,275 | +€9,510 | +13.6% |
| Recurring financial charges | 65 | €69,765 | €79,275 | +€9,510 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€77,299 | -€83,835 | -€6,536 | -8.5% |
| Profit (loss) for the period | 9904 | -€77,299 | -€83,835 | -€6,536 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,299 | -€83,835 | -€6,536 | -8.5% |
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 15 October 2026 via checked.be.