SelectColor: 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.
What changed
SelectColor
NACE 20.300, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€177,382
2024 · €138,816+€38,566
Equity
€819,403
2024 · €665,805+€153,597
Cash
€43,512
2024 · €67,939-€24,427
Balance sheet total
€3.1m
2024 · €2.8m+€379,281
Largest movements
Assets
- Receivables within one year +€401,511
up €401,511 (+25.5%), from €1.6m to €2.0m
of which Trade receivables: +€401,511
- Stocks and contracts +€115,623
up €115,623 (+14.3%), from €809,701 to €925,324
- Tangible fixed assets -€114,874
down €114,874 (-38.1%), from €301,758 to €186,884
of which Other tangible fixed assets: -€102,193
Equity and liabilities
- Trade debts +€381,010
up €381,010 (+66.5%), from €573,116 to €954,127
- Other debts -€157,311
down €157,311 (-90.5%), from €173,764 to €16,453
- Profit (loss) carried forward +€155,378
up €155,378, from -€117,578 to €37,799
Income statement
- Gross operating margin -€95,359
down €95,359 (-9.9%), from €962,547 to €867,188
- Staff costs -€31,582
down €31,582 (-6.4%), from €495,984 to €464,403
- Taxes +€27,962
up €27,962 (+4251.2%), from €658 to €28,620
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.
Result 2024
€138,816
Gross operating margin
-€95,359
Staff costs
+€31,582
Depreciation
+€4,134
Other operating charges
+€394
Other operating items
+€123,021
Financial income
-€2,561
Financial charges
+€5,317
Taxes
-€27,962
Result 2025
€177,382
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.
From operations
+€59,001
Investment
-€31,297
Financing
-€52,131
Cash 2024
€67,939
From operations (derived)
+€59,001
Net result for the year
+€177,382
Depreciation
+€146,523
Stocks and contracts
-€115,623
Receivables within one year
-€401,511
Deferred charges and accrued income
-€1,800
Trade debts
+€381,010
Tax, wage and social debts
+€28,457
Other debts
-€157,311
Accrued charges and deferred income
+€1,874
Investment (derived)
-€31,297
Investment in fixed assets (net)
-€31,297
Financing
-€52,131
Debts after one year
-€20,213
Current portion of long-term debt
-€8,134
Contributions, distributions and other
-€23,785
Cash 2025
€43,512
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,758,080 | €3,137,361 | +€379,281 | +13.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €302,109 | €186,884 | -€115,226 | -38.1% |
| Intangible fixed assets | 21 | €352 | €0 | -€352 | -100.0% |
| Tangible fixed assets | 22/27 | €301,758 | €186,884 | -€114,874 | -38.1% |
| Plant, machinery and equipment | 23 | €30,820 | €45,000 | +€14,180 | +46.0% |
| Furniture and vehicles | 24 | €11,199 | €4,143 | -€7,056 | -63.0% |
| Leasing and similar rights | 25 | €68,965 | €49,160 | -€19,805 | -28.7% |
| Other tangible fixed assets | 26 | €190,774 | €88,581 | -€102,193 | -53.6% |
| Current assets | 29/58 | €2,455,970 | €2,950,477 | +€494,507 | +20.1% |
| Stocks and contracts in progress | 3 | €809,701 | €925,324 | +€115,623 | +14.3% |
| Stocks | 30/36 | €809,701 | €925,324 | +€115,623 | +14.3% |
| Amounts receivable within one year | 40/41 | €1,571,568 | €1,973,079 | +€401,511 | +25.5% |
| Trade receivables | 40 | €1,571,568 | €1,973,079 | +€401,511 | +25.5% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €67,939 | €43,512 | -€24,427 | -36.0% |
| Deferred charges and accrued income | 490/1 | €6,762 | €8,562 | +€1,800 | +26.6% |
| Total equity and liabilities | 10/49 | €2,758,080 | €3,137,361 | +€379,281 | +13.8% |
| Equity | 10/15 | €665,805 | €819,403 | +€153,597 | +23.1% |
| Contributions | 10/11 | €671,820 | €671,820 | = | 0.0% |
| Capital | 10 | €671,820 | €671,820 | = | 0.0% |
| Issued capital | 100 | €671,820 | €671,820 | = | 0.0% |
| Reserves | 13 | €7,667 | €29,671 | +€22,004 | +287.0% |
| Non-distributable reserves | 130/1 | €7,667 | €9,656 | +€1,989 | +25.9% |
| Legal reserve | 130 | €7,667 | €9,656 | +€1,989 | +25.9% |
| Tax-exempt reserves | 132 | - | €20,015 | +€20,015 | |
| Profit (loss) carried forward | 14 | -€117,578 | €37,799 | +€155,378 | |
| Investment grants | 15 | €103,897 | €80,112 | -€23,785 | -22.9% |
| Amounts payable | 17/49 | €2,092,274 | €2,317,958 | +€225,684 | +10.8% |
| Amounts payable after more than one year | 17 | €1,250,170 | €1,229,957 | -€20,213 | -1.6% |
| Financial debts | 170/4 | €1,250,170 | €1,229,957 | -€20,213 | -1.6% |
| Amounts payable within one year | 42/48 | €841,975 | €1,085,998 | +€244,023 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €26,691 | €18,557 | -€8,134 | -30.5% |
| Trade debts | 44 | €573,116 | €954,127 | +€381,010 | +66.5% |
| Suppliers | 440/4 | €573,116 | €954,127 | +€381,010 | +66.5% |
| Taxes, remuneration and social security | 45 | €68,405 | €96,861 | +€28,457 | +41.6% |
| Taxes | 450/3 | €14,502 | €37,451 | +€22,949 | +158.2% |
| Remuneration and social security | 454/9 | €53,903 | €59,411 | +€5,508 | +10.2% |
| Other amounts payable | 47/48 | €173,764 | €16,453 | -€157,311 | -90.5% |
| Accrued charges and deferred income | 492/3 | €129 | €2,003 | +€1,874 | +1453.0% |
| Remuneration, social security and pensions | 62 | €495,984 | €464,403 | -€31,582 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,657 | €146,523 | -€4,134 | -2.7% |
| Other operating charges | 640/8 | €914 | €520 | -€394 | -43.1% |
| Non-recurring operating charges | 66A | €139,474 | €16,453 | -€123,021 | -88.2% |
| Gross operating margin | 9900 | €962,547 | €867,188 | -€95,359 | -9.9% |
| Operating profit (loss) | 9901 | €175,517 | €239,289 | +€63,772 | +36.3% |
| Financial income | 75/76B | €26,359 | €23,797 | -€2,561 | -9.7% |
| Recurring financial income | 75 | €26,359 | €23,797 | -€2,561 | -9.7% |
| Financial charges | 65/66B | €62,401 | €57,084 | -€5,317 | -8.5% |
| Recurring financial charges | 65 | €62,401 | €57,084 | -€5,317 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €139,474 | €206,002 | +€66,528 | +47.7% |
| Income taxes | 67/77 | €658 | €28,620 | +€27,962 | +4251.2% |
| Profit (loss) for the period | 9904 | €138,816 | €177,382 | +€38,566 | +27.8% |
| Transfer to tax-exempt reserves | 689 | - | €20,015 | +€20,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €138,816 | €157,367 | +€18,551 | +13.4% |
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 8 October 2026 via checked.be.