SELECTION IMMO: 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.
SELECTION IMMO
Largest movements
- Tangible fixed assets -€19,047
down €19,047 (-20.1%), from €94,654 to €75,607
- Cash -€6,564
down €6,564 (-43.1%), from €15,245 to €8,681
mainly Other debts (-€30,280) and Debts after one year (-€8,184)
- Receivables within one year +€6,100
up €6,100 (+507.4%), from €1,202 to €7,302
- Other debts -€30,280
down €30,280 (-13.7%), from €221,371 to €191,091
- Reserves +€14,622
up €14,622 (+7.1%), from €206,415 to €221,037
of which Distributable reserves: +€15,153
- Debts after one year -€8,184
down €8,184 (-69.7%), from €11,742 to €3,559
- Tax, wage and social debts +€6,165
up €6,165, from €0 to €6,165
- Gross operating margin +€26,593
up €26,593 (+78.6%), from €33,822 to €60,414
- Taxes +€6,165
up €6,165, from €0 to €6,165
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 | €551,577 | €534,083 | -€17,494 | -3.2% |
| Fixed assets | 21/28 | €532,681 | €513,633 | -€19,047 | -3.6% |
| Tangible fixed assets | 22/27 | €94,654 | €75,607 | -€19,047 | -20.1% |
| Land and buildings | 22 | €94,654 | €75,607 | -€19,047 | -20.1% |
| Financial fixed assets | 28 | €438,027 | €438,027 | = | 0.0% |
| Current assets | 29/58 | €18,896 | €20,450 | +€1,553 | +8.2% |
| Amounts receivable within one year | 40/41 | €1,202 | €7,302 | +€6,100 | +507.4% |
| Other amounts receivable | 41 | €1,202 | €7,302 | +€6,100 | +507.4% |
| Cash at bank and in hand | 54/58 | €15,245 | €8,681 | -€6,564 | -43.1% |
| Deferred charges and accrued income | 490/1 | €2,450 | €4,467 | +€2,017 | +82.4% |
| Total equity and liabilities | 10/49 | €551,577 | €534,083 | -€17,494 | -3.2% |
| Equity | 10/15 | €306,415 | €321,037 | +€14,622 | +4.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €206,415 | €221,037 | +€14,622 | +7.1% |
| Non-distributable reserves | 130/1 | €25,817 | €25,817 | = | 0.0% |
| Legal reserve | 130 | €25,817 | €25,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,320 | €3,790 | -€530 | -12.3% |
| Distributable reserves | 133 | €176,277 | €191,430 | +€15,153 | +8.6% |
| Provisions and deferred taxes | 16 | €1,440 | €1,263 | -€177 | -12.3% |
| Deferred taxes | 168 | €1,440 | €1,263 | -€177 | -12.3% |
| Amounts payable | 17/49 | €243,722 | €211,783 | -€31,940 | -13.1% |
| Amounts payable after more than one year | 17 | €11,742 | €3,559 | -€8,184 | -69.7% |
| Financial debts | 170/4 | €11,742 | €3,559 | -€8,184 | -69.7% |
| Amounts payable within one year | 42/48 | €229,296 | €205,440 | -€23,856 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €7,924 | €8,184 | +€259 | +3.3% |
| Taxes, remuneration and social security | 45 | €0 | €6,165 | +€6,165 | |
| Taxes | 450/3 | €0 | €6,165 | +€6,165 | |
| Other amounts payable | 47/48 | €221,371 | €191,091 | -€30,280 | -13.7% |
| Accrued charges and deferred income | 492/3 | €2,684 | €2,784 | +€100 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,848 | €19,047 | +€200 | +1.1% |
| Other operating charges | 640/8 | €5,312 | €5,355 | +€43 | +0.8% |
| Gross operating margin | 9900 | €33,822 | €60,414 | +€26,593 | +78.6% |
| Operating profit (loss) | 9901 | €9,662 | €36,012 | +€26,350 | +272.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €14,899 | €15,401 | +€502 | +3.4% |
| Recurring financial charges | 65 | €14,899 | €15,401 | +€502 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,237 | €20,611 | +€25,848 | |
| Transfer from deferred taxes | 780 | €177 | €177 | = | 0.0% |
| Income taxes | 67/77 | €0 | €6,165 | +€6,165 | |
| Profit (loss) for the period | 9904 | -€5,061 | €14,622 | +€19,683 | |
| Transfer from tax-exempt reserves | 789 | €530 | €530 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,530 | €15,153 | +€19,683 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.