Selecta: 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.
Selecta
Largest movements
- Cash +€89,233
up €89,233 (+67.0%), from €133,219 to €222,452
mainly Depreciation (+€300,323) and Net result for the year (+€98,071)
- Tangible fixed assets +€53,514
up €53,514 (+9.4%), from €570,373 to €623,887
of which Plant, machinery and equipment: +€103,799
- Intangible fixed assets -€35,199
down €35,199 (-34.7%), from €101,297 to €66,098
- Receivables within one year +€27,240
up €27,240 (+4.3%), from €634,728 to €661,968
of which Trade receivables: +€21,963
- Reserves +€98,071
up €98,071 (+23.7%), from €413,100 to €511,170
- Trade debts -€33,284
down €33,284 (-32.8%), from €101,531 to €68,247
- Current portion of long-term debt +€30,718
up €30,718 (+17.1%), from €180,022 to €210,740
- Debts after one year +€29,652
up €29,652 (+6.3%), from €468,617 to €498,269
of which Financial debts: +€29,652
- Other debts +€25,048
up €25,048 (+13.5%), from €184,944 to €209,992
- Gross operating margin +€101,036
up €101,036 (+9.9%), from €1.0m to €1.1m
- Write-downs +€43,217
up €43,217, from €0 to €43,217
- Staff costs +€36,027
up €36,027 (+5.9%), from €615,750 to €651,777
- Depreciation +€28,063
up €28,063 (+10.3%), from €272,260 to €300,323
- Other operating charges -€20,500
down €20,500 (-73.7%), from €27,804 to €7,304
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 | €1,503,298 | €1,657,508 | +€154,210 | +10.3% |
| Fixed assets | 21/28 | €689,588 | €707,903 | +€18,315 | +2.7% |
| Intangible fixed assets | 21 | €101,297 | €66,098 | -€35,199 | -34.7% |
| Tangible fixed assets | 22/27 | €570,373 | €623,887 | +€53,514 | +9.4% |
| Plant, machinery and equipment | 23 | €118,491 | €222,290 | +€103,799 | +87.6% |
| Furniture and vehicles | 24 | €422,228 | €384,145 | -€38,084 | -9.0% |
| Leasing and similar rights | 25 | €29,654 | €17,453 | -€12,201 | -41.1% |
| Financial fixed assets | 28 | €17,918 | €17,918 | = | 0.0% |
| Current assets | 29/58 | €813,710 | €949,606 | +€135,896 | +16.7% |
| Stocks and contracts in progress | 3 | €34,781 | €41,788 | +€7,007 | +20.1% |
| Stocks | 30/36 | €34,781 | €41,788 | +€7,007 | +20.1% |
| Amounts receivable within one year | 40/41 | €634,728 | €661,968 | +€27,240 | +4.3% |
| Trade receivables | 40 | €617,308 | €639,271 | +€21,963 | +3.6% |
| Other amounts receivable | 41 | €17,420 | €22,697 | +€5,277 | +30.3% |
| Cash at bank and in hand | 54/58 | €133,219 | €222,452 | +€89,233 | +67.0% |
| Deferred charges and accrued income | 490/1 | €10,982 | €23,398 | +€12,416 | +113% |
| Total equity and liabilities | 10/49 | €1,503,298 | €1,657,508 | +€154,210 | +10.3% |
| Equity | 10/15 | €453,252 | €540,086 | +€86,834 | +19.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €413,100 | €511,170 | +€98,071 | +23.7% |
| Distributable reserves | 133 | €413,100 | €511,170 | +€98,071 | +23.7% |
| Investment grants | 15 | €15,363 | €4,126 | -€11,237 | -73.1% |
| Amounts payable | 17/49 | €1,050,046 | €1,117,423 | +€67,376 | +6.4% |
| Amounts payable after more than one year | 17 | €468,617 | €498,269 | +€29,652 | +6.3% |
| Financial debts | 170/4 | €328,617 | €358,269 | +€29,652 | +9.0% |
| Other amounts payable | 178/9 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €581,430 | €619,154 | +€37,724 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €180,022 | €210,740 | +€30,718 | +17.1% |
| Financial debts | 43 | €23,005 | €25,830 | +€2,825 | +12.3% |
| Credit institutions | 430/8 | €23,005 | €25,830 | +€2,825 | +12.3% |
| Trade debts | 44 | €101,531 | €68,247 | -€33,284 | -32.8% |
| Suppliers | 440/4 | €101,531 | €68,247 | -€33,284 | -32.8% |
| Taxes, remuneration and social security | 45 | €91,928 | €104,345 | +€12,417 | +13.5% |
| Taxes | 450/3 | €13,642 | €20,532 | +€6,889 | +50.5% |
| Remuneration and social security | 454/9 | €78,285 | €83,813 | +€5,528 | +7.1% |
| Other amounts payable | 47/48 | €184,944 | €209,992 | +€25,048 | +13.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €615,750 | €651,777 | +€36,027 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,260 | €300,323 | +€28,063 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €43,217 | +€43,217 | |
| Other operating charges | 640/8 | €27,804 | €7,304 | -€20,500 | -73.7% |
| Gross operating margin | 9900 | €1,018,642 | €1,119,678 | +€101,036 | +9.9% |
| Operating profit (loss) | 9901 | €102,828 | €117,057 | +€14,229 | +13.8% |
| Financial income | 75/76B | €1,231 | €12,596 | +€11,365 | +923% |
| Recurring financial income | 75 | €1,231 | €12,596 | +€11,365 | +923% |
| Financial charges | 65/66B | €32,249 | €31,582 | -€667 | -2.1% |
| Recurring financial charges | 65 | €32,249 | €31,582 | -€667 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €71,810 | €98,071 | +€26,260 | +36.6% |
| Profit (loss) for the period | 9904 | €71,810 | €98,071 | +€26,260 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,810 | €98,071 | +€26,260 | +36.6% |
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 13 October 2026 via checked.be.