SELECTA INVEST: 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 INVEST
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+70.0%), from €2.1m to €3.5m
of which Assets under construction and advance payments: +€1.4m
- Debts after one year +€1.7m
up €1.7m (+414.3%), from €414,000 to €2.1m
- Trade debts -€238,209
down €238,209 (-42.8%), from €556,362 to €318,153
- Other operating charges -€21,914
down €21,914 (-93.1%), from €23,545 to €1,631
- Financial charges +€13,502
up €13,502 (+241.1%), from €5,601 to €19,103
- Gross operating margin -€583
down €583 (-19.9%), from -€2,932 to -€3,515
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 | €2,116,170 | €3,555,785 | +€1.4m | +68.0% |
| Fixed assets | 21/28 | €2,107,842 | €3,555,189 | +€1.4m | +68.7% |
| Tangible fixed assets | 22/27 | €2,067,842 | €3,515,189 | +€1.4m | +70.0% |
| Land and buildings | 22 | €1,153,237 | €1,153,237 | = | 0.0% |
| Assets under construction and advance payments | 27 | €914,604 | €2,361,951 | +€1.4m | +158.2% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €8,329 | €596 | -€7,733 | -92.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,329 | €596 | -€7,733 | -92.8% |
| Total equity and liabilities | 10/49 | €2,116,170 | €3,555,785 | +€1.4m | +68.0% |
| Equity | 10/15 | €1,107,042 | €1,082,793 | -€24,249 | -2.2% |
| Contributions | 10/11 | €1,240,000 | €1,240,000 | = | 0.0% |
| Capital | 10 | €1,240,000 | €1,240,000 | = | 0.0% |
| Issued capital | 100 | €1,240,000 | €1,240,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,958 | -€157,207 | -€24,249 | -18.2% |
| Amounts payable | 17/49 | €1,009,129 | €2,472,992 | +€1.5m | +145.1% |
| Amounts payable after more than one year | 17 | €414,000 | €2,129,000 | +€1.7m | +414.3% |
| Financial debts | 170/4 | €414,000 | €2,129,000 | +€1.7m | +414.3% |
| Amounts payable within one year | 42/48 | €595,129 | €343,992 | -€251,137 | -42.2% |
| Trade debts | 44 | €556,362 | €318,153 | -€238,209 | -42.8% |
| Suppliers | 440/4 | €556,362 | €318,153 | -€238,209 | -42.8% |
| Other amounts payable | 47/48 | €38,767 | €25,839 | -€12,928 | -33.3% |
| Other operating charges | 640/8 | €23,545 | €1,631 | -€21,914 | -93.1% |
| Gross operating margin | 9900 | -€2,932 | -€3,515 | -€583 | -19.9% |
| Operating profit (loss) | 9901 | -€26,477 | -€5,146 | +€21,331 | +80.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,601 | €19,103 | +€13,502 | +241.1% |
| Recurring financial charges | 65 | €5,601 | €19,103 | +€13,502 | +241.1% |
| Profit (loss) for the period before taxes | 9903 | -€32,078 | -€24,249 | +€7,830 | +24.4% |
| Profit (loss) for the period | 9904 | -€32,078 | -€24,249 | +€7,830 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,078 | -€24,249 | +€7,830 | +24.4% |
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 12 October 2026 via checked.be.