SELECTI: 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.
SELECTI
Largest movements
- Receivables within one year +€143,481
up €143,481 (+33.0%), from €434,430 to €577,911
of which Other amounts receivable: +€134,916
- Other debts +€128,430
up €128,430 (+25.6%), from €501,871 to €630,301
- Profit (loss) carried forward +€20,791
up €20,791, from -€20,791 to €0
- Tax, wage and social debts -€20,167
down €20,167 (-36.7%), from €54,948 to €34,781
of which Taxes: -€17,619
- Accrued charges and deferred income +€14,000
new in 2025: €14,000
- Current portion of long-term debt -€10,000
down €10,000 (-19.4%), from €51,500 to €41,500
- Gross operating margin +€32,753
up €32,753 (+65.7%), from €49,842 to €82,595
- Staff costs -€18,398
down €18,398 (-30.2%), from €60,992 to €42,594
- Taxes +€10,304
up €10,304 (+2,245%), from €459 to €10,763
- Other operating charges -€4,005
down €4,005 (-73.3%), from €5,462 to €1,457
- Financial charges -€3,307
down €3,307 (-19.8%), from €16,666 to €13,358
of which Financial charges: -€13,307
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 | €711,171 | €846,402 | +€135,231 | +19.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €270,037 | €267,485 | -€2,551 | -0.9% |
| Intangible fixed assets | 21 | €1,558 | €104 | -€1,454 | -93.3% |
| Tangible fixed assets | 22/27 | €12,378 | €11,281 | -€1,097 | -8.9% |
| Plant, machinery and equipment | 23 | €762 | €589 | -€173 | -22.7% |
| Furniture and vehicles | 24 | €11,185 | €10,643 | -€542 | -4.8% |
| Other tangible fixed assets | 26 | €431 | €50 | -€381 | -88.4% |
| Financial fixed assets | 28 | €256,100 | €256,100 | = | 0.0% |
| Current assets | 29/58 | €441,135 | €578,917 | +€137,783 | +31.2% |
| Stocks and contracts in progress | 3 | €3,950 | - | -€3,950 | |
| Stocks | 30/36 | €3,950 | - | -€3,950 | |
| Amounts receivable within one year | 40/41 | €434,430 | €577,911 | +€143,481 | +33.0% |
| Trade receivables | 40 | €26,322 | €34,887 | +€8,565 | +32.5% |
| Other amounts receivable | 41 | €408,108 | €543,024 | +€134,916 | +33.1% |
| Cash at bank and in hand | 54/58 | €1,371 | €1,006 | -€365 | -26.7% |
| Deferred charges and accrued income | 490/1 | €1,383 | - | -€1,383 | |
| Total equity and liabilities | 10/49 | €711,171 | €846,402 | +€135,231 | +19.0% |
| Equity | 10/15 | €70,059 | €96,789 | +€26,730 | +38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,250 | €78,189 | +€5,939 | +8.2% |
| Distributable reserves | 133 | €72,250 | €78,189 | +€5,939 | +8.2% |
| Profit (loss) carried forward | 14 | -€20,791 | €0 | +€20,791 | |
| Amounts payable | 17/49 | €641,112 | €749,614 | +€108,502 | +16.9% |
| Amounts payable within one year | 42/48 | €641,112 | €735,614 | +€94,502 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €51,500 | €41,500 | -€10,000 | -19.4% |
| Trade debts | 44 | €32,793 | €29,031 | -€3,761 | -11.5% |
| Suppliers | 440/4 | €32,793 | €29,031 | -€3,761 | -11.5% |
| Taxes, remuneration and social security | 45 | €54,948 | €34,781 | -€20,167 | -36.7% |
| Taxes | 450/3 | €52,399 | €34,781 | -€17,619 | -33.6% |
| Remuneration and social security | 454/9 | €2,549 | - | -€2,549 | |
| Other amounts payable | 47/48 | €501,871 | €630,301 | +€128,430 | +25.6% |
| Accrued charges and deferred income | 492/3 | - | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | €60,992 | €42,594 | -€18,398 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,647 | €5,857 | +€210 | +3.7% |
| Other operating charges | 640/8 | €5,462 | €1,457 | -€4,005 | -73.3% |
| Gross operating margin | 9900 | €49,842 | €82,595 | +€32,753 | +65.7% |
| Operating profit (loss) | 9901 | -€22,259 | €32,687 | +€54,947 | |
| Financial income | 75/76B | €18,535 | €18,163 | -€372 | -2.0% |
| Recurring financial income | 75 | €18,535 | €18,163 | -€372 | -2.0% |
| Financial charges | 65/66B | €16,666 | €13,358 | -€3,307 | -19.8% |
| Recurring financial charges | 65 | €16,666 | €3,358 | -€13,307 | -79.9% |
| Non-recurring financial charges | 66B | - | €10,000 | +€10,000 | |
| Profit (loss) for the period before taxes | 9903 | -€20,390 | €37,492 | +€57,882 | |
| Income taxes | 67/77 | €459 | €10,763 | +€10,304 | +2,245% |
| Profit (loss) for the period | 9904 | -€20,849 | €26,730 | +€47,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,849 | €26,730 | +€47,579 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.