Selectrical: 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.
Selectrical
Largest movements
- Receivables within one year +€22,417
up €22,417 (+508%), from €4,410 to €26,827
of which Trade receivables: +€22,007
- Cash +€8,275
up €8,275 (+42.5%), from €19,460 to €27,735
mainly Net result for the year (+€22,551) and Tax, wage and social debts (+€6,414)
- Tangible fixed assets -€2,011
down €2,011 (-12.8%), from €15,657 to €13,646
of which Plant, machinery and equipment: -€1,434
- Reserves +€22,551
up €22,551 (+116%), from €19,416 to €41,968
- Tax, wage and social debts +€6,414
up €6,414 (+113%), from €5,656 to €12,069
- Trade debts +€2,887
up €2,887 (+129%), from €2,233 to €5,120
- Other debts -€1,964
down €1,964 (-46.5%), from €4,228 to €2,264
- Advances received -€968
no longer reported in 2025 (was €968)
- Gross operating margin +€9,713
up €9,713 (+29.6%), from €32,831 to €42,544
- Financial charges +€2,087
up €2,087 (+4,349%), from €48 to €2,135
- Taxes +€1,576
up €1,576 (+16.3%), from €9,654 to €11,230
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 | €40,564 | €69,484 | +€28,920 | +71.3% |
| Fixed assets | 21/28 | €15,657 | €13,646 | -€2,011 | -12.8% |
| Tangible fixed assets | 22/27 | €15,657 | €13,646 | -€2,011 | -12.8% |
| Plant, machinery and equipment | 23 | €5,842 | €4,408 | -€1,434 | -24.5% |
| Furniture and vehicles | 24 | €9,815 | €9,238 | -€577 | -5.9% |
| Current assets | 29/58 | €24,907 | €55,838 | +€30,931 | +124% |
| Amounts receivable within one year | 40/41 | €4,410 | €26,827 | +€22,417 | +508% |
| Trade receivables | 40 | €2,132 | €24,140 | +€22,007 | +1,032% |
| Other amounts receivable | 41 | €2,277 | €2,687 | +€410 | +18.0% |
| Cash at bank and in hand | 54/58 | €19,460 | €27,735 | +€8,275 | +42.5% |
| Deferred charges and accrued income | 490/1 | €1,038 | €1,276 | +€239 | +23.0% |
| Total equity and liabilities | 10/49 | €40,564 | €69,484 | +€28,920 | +71.3% |
| Equity | 10/15 | €27,479 | €50,030 | +€22,551 | +82.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,416 | €41,968 | +€22,551 | +116% |
| Distributable reserves | 133 | €19,416 | €41,968 | +€22,551 | +116% |
| Profit (loss) carried forward | 14 | €7,063 | €7,063 | = | 0.0% |
| Amounts payable | 17/49 | €13,085 | €19,454 | +€6,368 | +48.7% |
| Amounts payable within one year | 42/48 | €13,085 | €19,454 | +€6,368 | +48.7% |
| Trade debts | 44 | €2,233 | €5,120 | +€2,887 | +129% |
| Suppliers | 440/4 | €2,233 | €5,120 | +€2,887 | +129% |
| Advances received on contracts in progress | 46 | €968 | - | -€968 | |
| Taxes, remuneration and social security | 45 | €5,656 | €12,069 | +€6,414 | +113% |
| Taxes | 450/3 | €5,656 | €12,069 | +€6,414 | +113% |
| Other amounts payable | 47/48 | €4,228 | €2,264 | -€1,964 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,436 | €3,685 | +€249 | +7.2% |
| Other operating charges | 640/8 | €541 | €559 | +€18 | +3.4% |
| Non-recurring operating charges | 66A | - | €2,383 | +€2,383 | |
| Gross operating margin | 9900 | €32,831 | €42,544 | +€9,713 | +29.6% |
| Operating profit (loss) | 9901 | €28,854 | €35,917 | +€7,063 | +24.5% |
| Financial income | 75/76B | €165 | - | -€165 | |
| Recurring financial income | 75 | €165 | - | -€165 | |
| Financial charges | 65/66B | €48 | €2,135 | +€2,087 | +4,349% |
| Recurring financial charges | 65 | €48 | €2,135 | +€2,087 | +4,349% |
| Profit (loss) for the period before taxes | 9903 | €28,971 | €33,782 | +€4,811 | +16.6% |
| Income taxes | 67/77 | €9,654 | €11,230 | +€1,576 | +16.3% |
| Profit (loss) for the period | 9904 | €19,316 | €22,551 | +€3,235 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,316 | €22,551 | +€3,235 | +16.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.