SELECT-TIFS: what changed
Two fiscal 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-TIFS
Largest movements
- Cash -€1
down €1 (-1.8%), from €39 to €39
mainly Other debts (-€1,550) and Trade debts (-€200)
- Profit (loss) carried forward +€1,749
up €1,749 (+1.9%), from -€93,050 to -€91,301
- Other debts -€1,550
down €1,550 (-2.0%), from €77,928 to €76,378
- Trade debts -€200
down €200 (-13.7%), from €1,461 to €1,261
- Other operating charges +€330
new in 2025: €330
- Gross operating margin -€72
down €72 (-3.3%), from €2,151 to €2,079
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.
Cash bridge derived
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 | €39 | €39 | -€1 | -1.8% |
| Current assets | 29/58 | €39 | €39 | -€1 | -1.8% |
| Cash at bank and in hand | 54/58 | €39 | €39 | -€1 | -1.8% |
| Total equity and liabilities | 10/49 | €39 | €39 | -€1 | -1.8% |
| Equity | 10/15 | -€79,350 | -€77,600 | +€1,749 | +2.2% |
| Contributions | 10/11 | €6,693 | €6,693 | = | 0.0% |
| Reserves | 13 | €7,008 | €7,008 | = | 0.0% |
| Distributable reserves | 133 | €7,008 | €7,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,050 | -€91,301 | +€1,749 | +1.9% |
| Amounts payable | 17/49 | €79,389 | €77,639 | -€1,750 | -2.2% |
| Amounts payable within one year | 42/48 | €79,389 | €77,639 | -€1,750 | -2.2% |
| Trade debts | 44 | €1,461 | €1,261 | -€200 | -13.7% |
| Suppliers | 440/4 | €1,461 | €1,261 | -€200 | -13.7% |
| Other amounts payable | 47/48 | €77,928 | €76,378 | -€1,550 | -2.0% |
| Other operating charges | 640/8 | - | €330 | +€330 | |
| Gross operating margin | 9900 | €2,151 | €2,079 | -€72 | -3.3% |
| Operating profit (loss) | 9901 | €2,151 | €1,749 | -€402 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €2,151 | €1,749 | -€402 | -18.7% |
| Profit (loss) for the period | 9904 | €2,151 | €1,749 | -€402 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,151 | €1,749 | -€402 | -18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.