Select HR - PS Services: what changed
What changed
Select HR - PS Services
NACE 78.100, Employment placement agencies
filed annual accounts (NBB)
Net result for the year
-€457,246
2024 · -€62,836-€394,410
Equity
-€734,575
2024 · -€277,329-€457,246
Cash
€4,494
2024 · €6,417-€1,923
Balance sheet total
€285,341
2024 · €338,394-€53,053
Largest movements
Assets
- Receivables within one year -€58,476
down €58,476 (-18.7%), from €313,385 to €254,909
of which Trade receivables: -€86,659
- Intangible fixed assets +€14,110
up €14,110 (+247%), from €5,705 to €19,815
- Financial fixed assets -€4,415
down €4,415 (-43.1%), from €10,245 to €5,830
Equity and liabilities
- Other debts +€542,686
up €542,686 (+134%), from €405,902 to €948,589
- Profit (loss) carried forward -€457,246
down €457,246 (-134%), from -€342,082 to -€799,328
- Tax, wage and social debts -€80,528
down €80,528 (-97.6%), from €82,528 to €2,000
of which Taxes: -€40,642
- Trade debts -€61,184
down €61,184 (-50.2%), from €121,940 to €60,756
Income statement
- Turnover -€474,964
down €474,964 (-52.3%), from €908,896 to €433,932
- Services and other goods -€75,908
down €75,908 (-11.4%), from €664,370 to €588,462
- Staff costs -€44,033
down €44,033 (-9.4%), from €470,399 to €426,366
- Other operating income -€40,208
down €40,208 (-20.4%), from €197,536 to €157,328
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
-€62,836
Turnover
-€474,964
Other operating income
-€40,208
Services and other goods
+€75,908
Staff costs
+€44,033
Depreciation
-€3,071
Other operating charges
-€250
Financial income
+€0
Financial charges
+€3,383
Taxes
+€757
Result 2025
-€457,246
raises the resultlowers the result
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
+€11,284
Investment
-€13,207
Financing
€0
Cash 2024
€6,417
From operations (derived)
+€11,284
Net result for the year
-€457,246
Depreciation
+€4,337
Receivables within one year
+€58,476
Deferred charges and accrued income
+€1,524
Trade debts
-€61,184
Tax, wage and social debts
-€80,528
Other debts
+€542,686
Accrued charges and deferred income
+€3,219
Investment (derived)
-€13,207
Investment in fixed assets (net)
-€13,207
Cash 2025
€4,494
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €338,394 | €285,341 | -€53,053 | -15.7% |
| Formation expenses | 20 | €657 | €192 | -€464 | -70.7% |
| Fixed assets | 21/28 | €16,310 | €25,645 | +€9,334 | +57.2% |
| Intangible fixed assets | 21 | €5,705 | €19,815 | +€14,110 | +247% |
| Tangible fixed assets | 22/27 | €360 | - | -€360 | |
| Plant, machinery and equipment | 23 | €360 | - | -€360 | |
| Financial fixed assets | 28 | €10,245 | €5,830 | -€4,415 | -43.1% |
| Other financial fixed assets | 284/8 | €10,245 | €5,830 | -€4,415 | -43.1% |
| Amounts receivable and cash guarantees | 285/8 | €10,245 | €5,830 | -€4,415 | -43.1% |
| Current assets | 29/58 | €321,427 | €259,504 | -€61,923 | -19.3% |
| Amounts receivable within one year | 40/41 | €313,385 | €254,909 | -€58,476 | -18.7% |
| Trade receivables | 40 | €294,191 | €207,532 | -€86,659 | -29.5% |
| Other amounts receivable | 41 | €19,194 | €47,377 | +€28,184 | +147% |
| Cash at bank and in hand | 54/58 | €6,417 | €4,494 | -€1,923 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,625 | €101 | -€1,524 | -93.8% |
| Total equity and liabilities | 10/49 | €338,394 | €285,341 | -€53,053 | -15.7% |
| Equity | 10/15 | -€277,329 | -€734,575 | -€457,246 | -165% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,253 | €3,253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,253 | €3,253 | = | 0.0% |
| Legal reserve | 130 | €3,253 | €3,253 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,082 | -€799,328 | -€457,246 | -134% |
| Amounts payable | 17/49 | €615,723 | €1,019,916 | +€404,193 | +65.6% |
| Amounts payable within one year | 42/48 | €610,371 | €1,011,345 | +€400,974 | +65.7% |
| Trade debts | 44 | €121,940 | €60,756 | -€61,184 | -50.2% |
| Suppliers | 440/4 | €121,940 | €60,756 | -€61,184 | -50.2% |
| Taxes, remuneration and social security | 45 | €82,528 | €2,000 | -€80,528 | -97.6% |
| Taxes | 450/3 | €41,414 | €772 | -€40,642 | -98.1% |
| Remuneration and social security | 454/9 | €41,114 | €1,228 | -€39,886 | -97.0% |
| Other amounts payable | 47/48 | €405,902 | €948,589 | +€542,686 | +134% |
| Accrued charges and deferred income | 492/3 | €5,352 | €8,572 | +€3,219 | +60.1% |
| Operating income | 70/76A | €1,106,431 | €591,260 | -€515,172 | -46.6% |
| Turnover | 70 | €908,896 | €433,932 | -€474,964 | -52.3% |
| Other operating income | 74 | €197,536 | €157,328 | -€40,208 | -20.4% |
| Operating charges | 60/66A | €1,136,977 | €1,020,356 | -€116,621 | -10.3% |
| Services and other goods | 61 | €664,370 | €588,462 | -€75,908 | -11.4% |
| Remuneration, social security and pensions | 62 | €470,399 | €426,366 | -€44,033 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,266 | €4,337 | +€3,071 | +242% |
| Other operating charges | 640/8 | €941 | €1,191 | +€250 | +26.5% |
| Operating profit (loss) | 9901 | -€30,545 | -€429,096 | -€398,551 | -1,305% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Income from current assets | 751 | - | €0 | +€0 | |
| Financial charges | 65/66B | €30,761 | €27,378 | -€3,383 | -11.0% |
| Recurring financial charges | 65 | €30,761 | €27,378 | -€3,383 | -11.0% |
| Debt charges | 650 | €29,553 | €26,231 | -€3,321 | -11.2% |
| Other financial charges | 652/9 | €1,208 | €1,147 | -€61 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€61,306 | -€456,474 | -€395,167 | -645% |
| Income taxes | 67/77 | €1,529 | €772 | -€757 | -49.5% |
| Taxes | 670/3 | €1,529 | €772 | -€757 | -49.5% |
| Profit (loss) for the period | 9904 | -€62,836 | -€457,246 | -€394,410 | -628% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,836 | -€457,246 | -€394,410 | -628% |
Next steps
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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 3 November 2026 via checked.be.