SELECTO: 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.
SELECTO
Largest movements
- Current investments +€29,084
new in 2025: €29,084
- Receivables within one year -€5,632
down €5,632 (-40.4%), from €13,929 to €8,297
of which Other amounts receivable: -€9,574
- Cash +€3,590
up €3,590 (+8.9%), from €40,474 to €44,064
mainly Net result for the year (+€22,804) and Receivables within one year (+€5,632)
- Reserves +€22,804
up €22,804 (+48.0%), from €47,480 to €70,284
- Other debts +€2,064
up €2,064 (+169.7%), from €1,217 to €3,281
- Tax, wage and social debts +€1,058
up €1,058 (+12.5%), from €8,487 to €9,545
of which Taxes: +€1,058
- Gross operating margin +€25,415
up €25,415 (+221.7%), from €11,462 to €36,877
- Taxes +€8,107
up €8,107 (+215.9%), from €3,755 to €11,862
- Financial charges +€1,220
up €1,220 (+353.3%), from €345 to €1,565
- Financial income +€420
up €420 (+150.9%), from €278 to €698
of which Non-recurring financial income: +€222
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 | €62,064 | €87,459 | +€25,395 | +40.9% |
| Fixed assets | 21/28 | €3,946 | €3,130 | -€816 | -20.7% |
| Tangible fixed assets | 22/27 | €1,934 | €1,118 | -€816 | -42.2% |
| Furniture and vehicles | 24 | €1,934 | €1,118 | -€816 | -42.2% |
| Financial fixed assets | 28 | €2,012 | €2,012 | = | 0.0% |
| Current assets | 29/58 | €58,118 | €84,329 | +€26,211 | +45.1% |
| Amounts receivable within one year | 40/41 | €13,929 | €8,297 | -€5,632 | -40.4% |
| Trade receivables | 40 | - | €3,941 | +€3,941 | |
| Other amounts receivable | 41 | €13,929 | €4,356 | -€9,574 | -68.7% |
| Current investments | 50/53 | - | €29,084 | +€29,084 | |
| Cash at bank and in hand | 54/58 | €40,474 | €44,064 | +€3,590 | +8.9% |
| Deferred charges and accrued income | 490/1 | €3,715 | €2,884 | -€832 | -22.4% |
| Total equity and liabilities | 10/49 | €62,064 | €87,459 | +€25,395 | +40.9% |
| Equity | 10/15 | €49,980 | €72,784 | +€22,804 | +45.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €47,480 | €70,284 | +€22,804 | +48.0% |
| Distributable reserves | 133 | €47,480 | €70,284 | +€22,804 | +48.0% |
| Amounts payable | 17/49 | €12,084 | €14,675 | +€2,590 | +21.4% |
| Amounts payable within one year | 42/48 | €12,084 | €14,675 | +€2,590 | +21.4% |
| Trade debts | 44 | €2,381 | €1,849 | -€532 | -22.3% |
| Suppliers | 440/4 | €2,381 | €1,849 | -€532 | -22.3% |
| Taxes, remuneration and social security | 45 | €8,487 | €9,545 | +€1,058 | +12.5% |
| Taxes | 450/3 | €6,634 | €7,692 | +€1,058 | +16.0% |
| Remuneration and social security | 454/9 | €1,853 | €1,853 | = | 0.0% |
| Other amounts payable | 47/48 | €1,217 | €3,281 | +€2,064 | +169.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €816 | +€359 | +78.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €11,462 | €36,877 | +€25,415 | +221.7% |
| Operating profit (loss) | 9901 | €10,492 | €35,533 | +€25,042 | +238.7% |
| Financial income | 75/76B | €278 | €698 | +€420 | +150.9% |
| Recurring financial income | 75 | €34 | €231 | +€197 | +583.2% |
| Non-recurring financial income | 76B | €244 | €466 | +€222 | +91.0% |
| Financial charges | 65/66B | €345 | €1,565 | +€1,220 | +353.3% |
| Recurring financial charges | 65 | €345 | €1,565 | +€1,220 | +353.3% |
| Profit (loss) for the period before taxes | 9903 | €10,424 | €34,666 | +€24,241 | +232.5% |
| Income taxes | 67/77 | €3,755 | €11,862 | +€8,107 | +215.9% |
| Profit (loss) for the period | 9904 | €6,669 | €22,804 | +€16,135 | +241.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,669 | €22,804 | +€16,135 | +241.9% |
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 4 October 2026 via checked.be.