SELECTE TRANS: 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.
SELECTE TRANS
Largest movements
- Cash +€31,210
up €31,210 (+138.6%), from €22,512 to €53,722
mainly Net result for the year (+€25,280) and Depreciation (+€9,543)
- Tangible fixed assets -€9,543
down €9,543 (-4.3%), from €220,793 to €211,250
- Profit (loss) carried forward +€25,280
up €25,280 (+16.7%), from €151,601 to €176,881
- Current portion of long-term debt -€2,987
no longer reported in 2025 (was €2,987)
- Gross operating margin +€4,885
up €4,885 (+9.9%), from €49,493 to €54,378
- Taxes +€1,595
up €1,595 (+20.4%), from €7,833 to €9,428
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 | €243,426 | €265,094 | +€21,667 | +8.9% |
| Fixed assets | 21/28 | €220,915 | €211,372 | -€9,543 | -4.3% |
| Tangible fixed assets | 22/27 | €220,793 | €211,250 | -€9,543 | -4.3% |
| Land and buildings | 22 | €220,793 | €211,250 | -€9,543 | -4.3% |
| Financial fixed assets | 28 | €122 | €122 | = | 0.0% |
| Current assets | 29/58 | €22,512 | €53,722 | +€31,210 | +138.6% |
| Cash at bank and in hand | 54/58 | €22,512 | €53,722 | +€31,210 | +138.6% |
| Total equity and liabilities | 10/49 | €243,426 | €265,094 | +€21,667 | +8.9% |
| Equity | 10/15 | €172,061 | €197,341 | +€25,280 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,601 | €176,881 | +€25,280 | +16.7% |
| Amounts payable | 17/49 | €71,365 | €67,752 | -€3,613 | -5.1% |
| Amounts payable within one year | 42/48 | €71,365 | €67,752 | -€3,613 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €2,987 | - | -€2,987 | |
| Trade debts | 44 | €10,548 | €8,489 | -€2,058 | -19.5% |
| Suppliers | 440/4 | €10,548 | €8,489 | -€2,058 | -19.5% |
| Taxes, remuneration and social security | 45 | €7,830 | €9,263 | +€1,433 | +18.3% |
| Taxes | 450/3 | €7,830 | €9,263 | +€1,433 | +18.3% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,543 | €9,543 | = | 0.0% |
| Other operating charges | 640/8 | €10,126 | €10,050 | -€77 | -0.8% |
| Gross operating margin | 9900 | €49,493 | €54,378 | +€4,885 | +9.9% |
| Operating profit (loss) | 9901 | €29,824 | €34,786 | +€4,962 | +16.6% |
| Financial income | 75/76B | €8 | €3 | -€5 | -65.1% |
| Recurring financial income | 75 | €8 | €3 | -€5 | -65.1% |
| Financial charges | 65/66B | €582 | €80 | -€502 | -86.2% |
| Recurring financial charges | 65 | €582 | €80 | -€502 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €29,250 | €34,708 | +€5,459 | +18.7% |
| Income taxes | 67/77 | €7,833 | €9,428 | +€1,595 | +20.4% |
| Profit (loss) for the period | 9904 | €21,417 | €25,280 | +€3,863 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,417 | €25,280 | +€3,863 | +18.0% |
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 29 September 2026 via checked.be.