SELECT HOME: what changed
What changed
SELECT HOME
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €1.7m+€898,970
Equity
€3.5m
2024 · €971,664+€2.6m
Cash
€1.2m
2024 · €1.4m-€193,272
Balance sheet total
€6.9m
2024 · €6.3m+€560,930
Largest movements
Assets
- Financial fixed assets +€820,836
up €820,836 (+136%), from €602,113 to €1.4m
of which Affiliated companies: +€700,000
- Current investments -€764,149
down €764,149 (-36.4%), from €2.1m to €1.3m
- Receivables within one year +€415,537
up €415,537 (+25.1%), from €1.7m to €2.1m
of which Other amounts receivable: +€241,221
- Stocks and contracts +€249,623
new in 2025: €249,623
- Cash -€193,272
down €193,272 (-13.8%), from €1.4m to €1.2m
mainly Advances received (-€1.7m) and Investment in fixed assets (net) (-€851,833)
Equity and liabilities
- Profit (loss) carried forward +€2.6m
up €2.6m (+277%), from €924,164 to €3.5m
- Advances received -€1.7m
down €1.7m (-77.2%), from €2.2m to €490,608
- Other debts -€738,162
down €738,162 (-99.2%), from €744,311 to €6,149
- Trade debts +€608,207
up €608,207 (+60.1%), from €1.0m to €1.6m
- Tax, wage and social debts -€277,249
down €277,249 (-29.5%), from €938,964 to €661,715
of which Taxes: -€288,150
Income statement
- Turnover +€9.0m
up €9.0m (+75.1%), from €12.0m to €21.0m
- Goods and materials -€401,737
down €401,737 (-2.8%), from €14.2m to €13.8m
of which Change in stocks: decrease (increase): -€249,623
- Taxes +€262,233
up €262,233 (+39.7%), from €660,684 to €922,917
- Services and other goods -€258,413
down €258,413 (-11.7%), from €2.2m to €1.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.7m
Turnover
+€9.0m
Other operating income
-€18,248
Goods and materials
+€401,737
Services and other goods
+€258,413
Staff costs
-€168,453
Depreciation
-€10,140
Provisions
-€4,444
Other operating charges
+€8,946
Other operating items
-€8.3m
Financial income
-€5,443
Financial charges
+€4,363
Taxes
-€262,233
Result 2025
€2.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€68,001
Investment
-€87,684
Financing
-€37,586
Cash 2024
€1.4m
From operations (derived)
-€68,001
Net result for the year
+€2.6m
Depreciation
+€67,633
Stocks and contracts
-€249,623
Receivables within one year
-€415,537
Deferred charges and accrued income
-€68,990
Provisions
+€105,938
Trade debts
+€608,207
Tax, wage and social debts
-€277,249
Advances received
-€1.7m
Other debts
-€738,162
Accrued charges and deferred income
-€239
Investment (derived)
-€87,684
Investment in fixed assets (net)
-€851,833
Current investments
+€764,149
Financing
-€37,586
Debts after one year
-€17,216
Current portion of long-term debt
-€20,370
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,305,476 | €6,866,406 | +€560,930 | +8.9% |
| Fixed assets | 21/28 | €1,092,293 | €1,876,493 | +€784,200 | +71.8% |
| Intangible fixed assets | 21 | €18,325 | €14,766 | -€3,560 | -19.4% |
| Tangible fixed assets | 22/27 | €471,854 | €438,779 | -€33,076 | -7.0% |
| Land and buildings | 22 | €386,239 | €375,252 | -€10,987 | -2.8% |
| Plant, machinery and equipment | 23 | €7,338 | €6,012 | -€1,326 | -18.1% |
| Furniture and vehicles | 24 | €60,014 | €47,625 | -€12,388 | -20.6% |
| Other tangible fixed assets | 26 | €11,124 | €9,890 | -€1,234 | -11.1% |
| Assets under construction and advance payments | 27 | €7,140 | - | -€7,140 | |
| Financial fixed assets | 28 | €602,113 | €1,422,948 | +€820,836 | +136% |
| Affiliated companies | 280/1 | €602,113 | €1,302,113 | +€700,000 | +116% |
| Amounts receivable | 281 | €602,113 | €1,302,113 | +€700,000 | +116% |
| Other financial fixed assets | 284/8 | - | €120,836 | +€120,836 | |
| Amounts receivable and cash guarantees | 285/8 | - | €120,836 | +€120,836 | |
| Current assets | 29/58 | €5,213,183 | €4,989,913 | -€223,270 | -4.3% |
| Stocks and contracts in progress | 3 | - | €249,623 | +€249,623 | |
| Stocks | 30/36 | - | €249,623 | +€249,623 | |
| Property held for sale | 35 | - | €249,623 | +€249,623 | |
| Amounts receivable within one year | 40/41 | €1,656,793 | €2,072,330 | +€415,537 | +25.1% |
| Trade receivables | 40 | €1,604,108 | €1,778,424 | +€174,316 | +10.9% |
| Other amounts receivable | 41 | €52,685 | €293,906 | +€241,221 | +458% |
| Current investments | 50/53 | €2,100,000 | €1,335,851 | -€764,149 | -36.4% |
| Other investments | 51/53 | €2,100,000 | €1,335,851 | -€764,149 | -36.4% |
| Cash at bank and in hand | 54/58 | €1,398,895 | €1,205,623 | -€193,272 | -13.8% |
| Deferred charges and accrued income | 490/1 | €57,496 | €126,486 | +€68,990 | +120% |
| Total equity and liabilities | 10/49 | €6,305,476 | €6,866,406 | +€560,930 | +8.9% |
| Equity | 10/15 | €971,664 | €3,533,929 | +€2.6m | +264% |
| Contributions | 10/11 | €47,500 | €47,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €924,164 | €3,486,429 | +€2.6m | +277% |
| Provisions and deferred taxes | 16 | €163,559 | €269,497 | +€105,938 | +64.8% |
| Provisions for liabilities and charges | 160/5 | €163,559 | €269,497 | +€105,938 | +64.8% |
| Other liabilities and charges | 164/5 | €163,559 | €269,497 | +€105,938 | +64.8% |
| Amounts payable | 17/49 | €5,170,252 | €3,062,980 | -€2.1m | -40.8% |
| Amounts payable after more than one year | 17 | €281,124 | €263,907 | -€17,216 | -6.1% |
| Financial debts | 170/4 | €281,124 | €263,907 | -€17,216 | -6.1% |
| Subordinated loans | 170 | €1,250 | - | -€1,250 | |
| Credit institutions | 173 | €279,874 | €263,907 | -€15,966 | -5.7% |
| Amounts payable within one year | 42/48 | €4,888,889 | €2,799,072 | -€2.1m | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €40,072 | €19,702 | -€20,370 | -50.8% |
| Trade debts | 44 | €1,012,691 | €1,620,898 | +€608,207 | +60.1% |
| Suppliers | 440/4 | €1,012,691 | €1,620,898 | +€608,207 | +60.1% |
| Advances received on contracts in progress | 46 | €2,152,850 | €490,608 | -€1.7m | -77.2% |
| Taxes, remuneration and social security | 45 | €938,964 | €661,715 | -€277,249 | -29.5% |
| Taxes | 450/3 | €859,606 | €571,457 | -€288,150 | -33.5% |
| Remuneration and social security | 454/9 | €79,358 | €90,259 | +€10,901 | +13.7% |
| Other amounts payable | 47/48 | €744,311 | €6,149 | -€738,162 | -99.2% |
| Accrued charges and deferred income | 492/3 | €239 | - | -€239 | |
| Operating income | 70/76A | €19,808,279 | €20,484,502 | +€676,223 | +3.4% |
| Turnover | 70 | €12,015,168 | €21,034,382 | +€9.0m | +75.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €7,700,742 | -€624,000 | -€8.3m | |
| Other operating income | 74 | €92,369 | €74,120 | -€18,248 | -19.8% |
| Operating charges | 60/66A | €17,505,136 | €17,019,077 | -€486,059 | -2.8% |
| Goods for resale, raw materials and consumables | 60 | €14,241,464 | €13,839,727 | -€401,737 | -2.8% |
| Purchases | 600/8 | €14,241,464 | €14,089,350 | -€152,114 | -1.1% |
| Change in stocks: decrease (increase) | 609 | - | -€249,623 | -€249,623 | |
| Services and other goods | 61 | €2,199,889 | €1,941,477 | -€258,413 | -11.7% |
| Remuneration, social security and pensions | 62 | €883,621 | €1,052,074 | +€168,453 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,493 | €67,633 | +€10,140 | +17.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €101,494 | €105,938 | +€4,444 | +4.4% |
| Other operating charges | 640/8 | €21,174 | €12,227 | -€8,946 | -42.3% |
| Operating profit (loss) | 9901 | €2,303,143 | €3,465,425 | +€1.2m | +50.5% |
| Financial income | 75/76B | €47,616 | €42,173 | -€5,443 | -11.4% |
| Recurring financial income | 75 | €47,616 | €42,173 | -€5,443 | -11.4% |
| Income from financial fixed assets | 750 | €26,347 | €32,221 | +€5,874 | +22.3% |
| Income from current assets | 751 | €8,516 | €117 | -€8,399 | -98.6% |
| Other financial income | 752/9 | €12,753 | €9,835 | -€2,918 | -22.9% |
| Financial charges | 65/66B | €26,781 | €22,417 | -€4,363 | -16.3% |
| Recurring financial charges | 65 | €26,781 | €22,417 | -€4,363 | -16.3% |
| Debt charges | 650 | €26,088 | €21,348 | -€4,740 | -18.2% |
| Other financial charges | 652/9 | €693 | €1,070 | +€377 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €2,323,978 | €3,485,181 | +€1.2m | +50.0% |
| Income taxes | 67/77 | €660,684 | €922,917 | +€262,233 | +39.7% |
| Taxes | 670/3 | €660,684 | €922,917 | +€262,233 | +39.7% |
| Profit (loss) for the period | 9904 | €1,663,294 | €2,562,264 | +€898,970 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,663,294 | €2,562,264 | +€898,970 | +54.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.