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 +€100,195
up €100,195 (+95.2%), from €105,219 to €205,414
mainly Stocks and contracts (+€49,932) and Depreciation (+€30,356)
- Stocks and contracts -€49,932
down €49,932 (-30.9%), from €161,826 to €111,894
- Tangible fixed assets -€22,129
down €22,129 (-12.0%), from €184,642 to €162,514
of which Land and buildings: -€16,334
- Receivables within one year -€9,831
down €9,831 (-79.2%), from €12,414 to €2,583
of which Trade receivables: -€9,136
- Deferred charges and accrued income +€7,025
up €7,025 (+1,349%), from €521 to €7,546
- Reserves +€13,295
up €13,295 (+4.8%), from €278,693 to €291,988
of which Distributable reserves: +€13,295
- Tax, wage and social debts +€7,886
up €7,886 (+64.8%), from €12,179 to €20,066
of which Taxes: +€7,836
- Gross operating margin +€18,890
up €18,890 (+21.9%), from €86,174 to €105,065
- Depreciation +€6,637
up €6,637 (+28.0%), from €23,719 to €30,356
- Taxes +€3,469
up €3,469 (+94.4%), from €3,675 to €7,145
- Other operating charges +€1,867
up €1,867 (+23.8%), from €7,845 to €9,712
- Financial income -€1,634
down €1,634 (-33.1%), from €4,937 to €3,304
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 | €465,366 | €490,694 | +€25,329 | +5.4% |
| Formation expenses | 20 | €744 | €744 | = | 0.0% |
| Fixed assets | 21/28 | €184,642 | €162,514 | -€22,129 | -12.0% |
| Tangible fixed assets | 22/27 | €184,642 | €162,514 | -€22,129 | -12.0% |
| Land and buildings | 22 | €160,326 | €143,992 | -€16,334 | -10.2% |
| Plant, machinery and equipment | 23 | €570 | €0 | -€570 | -100% |
| Furniture and vehicles | 24 | €23,746 | €18,521 | -€5,225 | -22.0% |
| Current assets | 29/58 | €279,979 | €327,437 | +€47,458 | +17.0% |
| Stocks and contracts in progress | 3 | €161,826 | €111,894 | -€49,932 | -30.9% |
| Stocks | 30/36 | €161,826 | €111,894 | -€49,932 | -30.9% |
| Amounts receivable within one year | 40/41 | €12,414 | €2,583 | -€9,831 | -79.2% |
| Trade receivables | 40 | €11,405 | €2,269 | -€9,136 | -80.1% |
| Other amounts receivable | 41 | €1,009 | €314 | -€695 | -68.9% |
| Cash at bank and in hand | 54/58 | €105,219 | €205,414 | +€100,195 | +95.2% |
| Deferred charges and accrued income | 490/1 | €521 | €7,546 | +€7,025 | +1,349% |
| Total equity and liabilities | 10/49 | €465,366 | €490,694 | +€25,329 | +5.4% |
| Equity | 10/15 | €340,693 | €353,988 | +€13,295 | +3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €278,693 | €291,988 | +€13,295 | +4.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €272,493 | €285,788 | +€13,295 | +4.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €124,672 | €136,707 | +€12,034 | +9.7% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,447 | €36,482 | +€12,034 | +49.2% |
| Trade debts | 44 | €568 | €4,134 | +€3,566 | +628% |
| Suppliers | 440/4 | €568 | €4,134 | +€3,566 | +628% |
| Taxes, remuneration and social security | 45 | €12,179 | €20,066 | +€7,886 | +64.8% |
| Taxes | 450/3 | €6,385 | €14,221 | +€7,836 | +123% |
| Remuneration and social security | 454/9 | €5,794 | €5,844 | +€50 | +0.9% |
| Other amounts payable | 47/48 | €11,700 | €12,282 | +€582 | +5.0% |
| Accrued charges and deferred income | 492/3 | €225 | €225 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €38,685 | €39,523 | +€838 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,719 | €30,356 | +€6,637 | +28.0% |
| Other operating charges | 640/8 | €7,845 | €9,712 | +€1,867 | +23.8% |
| Gross operating margin | 9900 | €86,174 | €105,065 | +€18,890 | +21.9% |
| Operating profit (loss) | 9901 | €15,925 | €25,474 | +€9,549 | +60.0% |
| Financial income | 75/76B | €4,937 | €3,304 | -€1,634 | -33.1% |
| Recurring financial income | 75 | €4,937 | €3,304 | -€1,634 | -33.1% |
| Financial charges | 65/66B | €9,330 | €8,338 | -€991 | -10.6% |
| Recurring financial charges | 65 | €9,330 | €8,338 | -€991 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €11,533 | €20,439 | +€8,906 | +77.2% |
| Income taxes | 67/77 | €3,675 | €7,145 | +€3,469 | +94.4% |
| Profit (loss) for the period | 9904 | €7,858 | €13,295 | +€5,437 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,858 | €13,295 | +€5,437 | +69.2% |
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 23 October 2026 via checked.be.