Selectelektro.be: 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.
Selectelektro.be
Largest movements
- Tangible fixed assets -€449,937
down €449,937 (-99.0%), from €454,536 to €4,598
of which Land and buildings: -€443,142
- Receivables within one year +€319,439
up €319,439 (+89.6%), from €356,368 to €675,806
of which Trade receivables: +€312,798
- Receivables after one year +€94,769
up €94,769 (+124.5%), from €76,149 to €170,919
- Trade debts +€428,044
up €428,044 (+227.6%), from €188,039 to €616,083
- Debts after one year -€341,113
down €341,113 (-100.0%), from €341,113 to €0
- Short-term financial debts -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Tax, wage and social debts -€28,266
down €28,266 (-64.0%), from €44,189 to €15,923
of which Taxes: -€24,177
- Current portion of long-term debt -€23,203
down €23,203 (-100.0%), from €23,203 to €0
- Gross operating margin -€157,604
down €157,604 (-77.5%), from €203,448 to €45,844
- Staff costs -€154,156
down €154,156, from €151,959 to -€2,197
- Depreciation -€24,638
down €24,638 (-84.2%), from €29,276 to €4,638
- Taxes +€10,794
up €10,794 (+240.1%), from €4,496 to €15,290
- Financial income +€6,862
up €6,862 (+303.1%), from €2,264 to €9,126
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €893,351 | €853,769 | -€39,582 | -4.4% |
| Fixed assets | 21/28 | €454,536 | €4,598 | -€449,937 | -99.0% |
| Tangible fixed assets | 22/27 | €454,536 | €4,598 | -€449,937 | -99.0% |
| Land and buildings | 22 | €443,142 | €0 | -€443,142 | -100.0% |
| Plant, machinery and equipment | 23 | €6,258 | €3,361 | -€2,898 | -46.3% |
| Furniture and vehicles | 24 | €5,135 | €1,238 | -€3,897 | -75.9% |
| Current assets | 29/58 | €438,815 | €849,170 | +€410,355 | +93.5% |
| Amounts receivable after more than one year | 29 | €76,149 | €170,919 | +€94,769 | +124.5% |
| Other amounts receivable | 291 | €76,149 | €170,919 | +€94,769 | +124.5% |
| Amounts receivable within one year | 40/41 | €356,368 | €675,806 | +€319,439 | +89.6% |
| Trade receivables | 40 | €344,997 | €657,795 | +€312,798 | +90.7% |
| Other amounts receivable | 41 | €11,370 | €18,011 | +€6,641 | +58.4% |
| Cash at bank and in hand | 54/58 | €1,810 | €2,445 | +€635 | +35.1% |
| Deferred charges and accrued income | 490/1 | €4,488 | €0 | -€4,488 | -100.0% |
| Total equity and liabilities | 10/49 | €893,351 | €853,769 | -€39,582 | -4.4% |
| Equity | 10/15 | €210,079 | €221,763 | +€11,684 | +5.6% |
| Contributions | 10/11 | €17,500 | €17,500 | = | 0.0% |
| Reserves | 13 | €167,338 | €179,022 | +€11,684 | +7.0% |
| Distributable reserves | 133 | €167,338 | €179,022 | +€11,684 | +7.0% |
| Profit (loss) carried forward | 14 | €25,241 | €25,241 | = | 0.0% |
| Amounts payable | 17/49 | €683,272 | €632,006 | -€51,266 | -7.5% |
| Amounts payable after more than one year | 17 | €341,113 | €0 | -€341,113 | -100.0% |
| Financial debts | 170/4 | €341,113 | €0 | -€341,113 | -100.0% |
| Amounts payable within one year | 42/48 | €335,431 | €632,006 | +€296,575 | +88.4% |
| Current portion of amounts payable after more than one year | 42 | €23,203 | €0 | -€23,203 | -100.0% |
| Financial debts | 43 | €80,000 | €0 | -€80,000 | -100.0% |
| Credit institutions | 430/8 | €80,000 | €0 | -€80,000 | -100.0% |
| Trade debts | 44 | €188,039 | €616,083 | +€428,044 | +227.6% |
| Suppliers | 440/4 | €188,039 | €616,083 | +€428,044 | +227.6% |
| Taxes, remuneration and social security | 45 | €44,189 | €15,923 | -€28,266 | -64.0% |
| Taxes | 450/3 | €40,100 | €15,923 | -€24,177 | -60.3% |
| Remuneration and social security | 454/9 | €4,089 | €0 | -€4,089 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,728 | €0 | -€6,728 | -100.0% |
| Non-recurring operating income | 76A | - | €81,060 | +€81,060 | |
| Remuneration, social security and pensions | 62 | €151,959 | -€2,197 | -€154,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,276 | €4,638 | -€24,638 | -84.2% |
| Other operating charges | 640/8 | €3,967 | €3,359 | -€607 | -15.3% |
| Non-recurring operating charges | 66A | - | €2,157 | +€2,157 | |
| Gross operating margin | 9900 | €203,448 | €45,844 | -€157,604 | -77.5% |
| Operating profit (loss) | 9901 | €18,246 | €37,886 | +€19,640 | +107.6% |
| Financial income | 75/76B | €2,264 | €9,126 | +€6,862 | +303.1% |
| Recurring financial income | 75 | €2,264 | €9,126 | +€6,862 | +303.1% |
| Financial charges | 65/66B | €14,109 | €20,038 | +€5,930 | +42.0% |
| Recurring financial charges | 65 | €14,109 | €20,038 | +€5,930 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €6,402 | €26,974 | +€20,573 | +321.4% |
| Income taxes | 67/77 | €4,496 | €15,290 | +€10,794 | +240.1% |
| Profit (loss) for the period | 9904 | €1,906 | €11,684 | +€9,778 | +513.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,906 | €11,684 | +€9,778 | +513.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.