SELECTCO: 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.
SELECTCO
Largest movements
- Receivables within one year -€14,955
down €14,955 (-99.7%), from €14,999 to €44
of which Trade receivables: -€14,963
- Current investments -€9,180
down €9,180 (-55.0%), from €16,699 to €7,518
- Tangible fixed assets -€7,613
down €7,613 (-2.0%), from €372,888 to €365,276
- Trade debts -€17,080
no longer reported in 2025 (was €17,080)
- Financial charges +€9,189
up €9,189 (+6,082%), from €151 to €9,340
- Gross operating margin +€8,764
up €8,764 (+69.5%), from €12,604 to €21,368
- Other operating charges +€3,831
up €3,831 (+106%), from €3,612 to €7,443
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 | €421,628 | €397,731 | -€23,897 | -5.7% |
| Fixed assets | 21/28 | €372,888 | €365,276 | -€7,613 | -2.0% |
| Tangible fixed assets | 22/27 | €372,888 | €365,276 | -€7,613 | -2.0% |
| Land and buildings | 22 | €372,888 | €365,276 | -€7,613 | -2.0% |
| Current assets | 29/58 | €48,740 | €32,455 | -€16,285 | -33.4% |
| Amounts receivable within one year | 40/41 | €14,999 | €44 | -€14,955 | -99.7% |
| Trade receivables | 40 | €14,963 | - | -€14,963 | |
| Other amounts receivable | 41 | €36 | €44 | +€8 | +21.9% |
| Current investments | 50/53 | €16,699 | €7,518 | -€9,180 | -55.0% |
| Cash at bank and in hand | 54/58 | €6,002 | €9,701 | +€3,698 | +61.6% |
| Deferred charges and accrued income | 490/1 | €11,040 | €15,192 | +€4,152 | +37.6% |
| Total equity and liabilities | 10/49 | €421,628 | €397,731 | -€23,897 | -5.7% |
| Equity | 10/15 | €18,004 | €15,125 | -€2,879 | -16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,082 | - | -€2,082 | |
| Distributable reserves | 133 | €2,082 | - | -€2,082 | |
| Profit (loss) carried forward | 14 | -€2,678 | -€3,475 | -€797 | -29.8% |
| Amounts payable | 17/49 | €403,624 | €382,606 | -€21,018 | -5.2% |
| Amounts payable within one year | 42/48 | €403,237 | €382,206 | -€21,030 | -5.2% |
| Trade debts | 44 | €17,080 | - | -€17,080 | |
| Suppliers | 440/4 | €17,080 | - | -€17,080 | |
| Other amounts payable | 47/48 | €386,156 | €382,206 | -€3,950 | -1.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,613 | €7,613 | = | 0.0% |
| Other operating charges | 640/8 | €3,612 | €7,443 | +€3,831 | +106% |
| Gross operating margin | 9900 | €12,604 | €21,368 | +€8,764 | +69.5% |
| Operating profit (loss) | 9901 | €1,380 | €6,312 | +€4,932 | +357% |
| Financial income | 75/76B | €121 | €148 | +€27 | +22.0% |
| Recurring financial income | 75 | €121 | €148 | +€27 | +22.0% |
| Financial charges | 65/66B | €151 | €9,340 | +€9,189 | +6,082% |
| Recurring financial charges | 65 | €151 | €9,340 | +€9,189 | +6,082% |
| Profit (loss) for the period before taxes | 9903 | €1,350 | -€2,879 | -€4,230 | |
| Profit (loss) for the period | 9904 | €1,350 | -€2,879 | -€4,230 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,350 | -€2,879 | -€4,230 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.