SELECTRON: what changed
What changed
SELECTRON
NACE 62.900, Other information technology and computer services
filed annual accounts (NBB)
Net result for the year
-€169,413
2024 · €38,575-€207,988
Equity
€26,083
2024 · €195,496-€169,413
Cash
€445
2024 · €1,399-€954
Balance sheet total
€658,590
2024 · €804,026-€145,436
Largest movements
Assets
- Receivables within one year -€192,059
down €192,059 (-81.1%), from €236,708 to €44,649
of which Other amounts receivable: -€127,838
- Stocks and contracts +€75,602
up €75,602 (+21.6%), from €349,352 to €424,954
of which Contracts in progress: +€43,397
- Intangible fixed assets -€24,204
down €24,204 (-12.7%), from €189,966 to €165,762
Equity and liabilities
- Profit (loss) carried forward -€169,413
down €169,413, from €23,505 to -€145,908
- Accrued charges and deferred income +€66,407
up €66,407 (+206%), from €32,275 to €98,682
- Current portion of long-term debt -€40,733
down €40,733 (-42.1%), from €96,699 to €55,966
Income statement
- Gross operating margin +€56,000
up €56,000 (+15.5%), from €360,734 to €416,734
- Financial charges +€33,776
up €33,776 (+97.7%), from €34,556 to €68,332
of which Financial charges: +€34,148
- Taxes -€20,154
down €20,154 (-97.5%), from €20,680 to €526
- Staff costs +€14,443
up €14,443 (+7.7%), from €187,480 to €201,923
- Other operating charges +€11,062
up €11,062 (+93.0%), from €11,894 to €22,956
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€38,575
Gross operating margin
+€56,000
Staff costs
-€14,443
Depreciation
-€8,900
Write-downs
-€1,513
Other operating charges
-€11,062
Other operating items
-€216,076
Financial income
+€1,628
Financial charges
-€33,776
Taxes
+€20,154
Result 2025
-€169,413
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€91,254
Investment
-€55,392
Financing
-€36,816
Cash 2024
€1,399
From operations (derived)
+€91,254
Net result for the year
-€169,413
Depreciation
+€79,107
Stocks and contracts
-€75,602
Receivables within one year
+€192,059
Deferred charges and accrued income
+€4,310
Trade debts
+€5,153
Tax, wage and social debts
-€6,767
Other debts
-€4,000
Accrued charges and deferred income
+€66,407
Investment (derived)
-€55,392
Investment in fixed assets (net)
-€55,392
Financing
-€36,816
Debts after one year
+€5,445
Current portion of long-term debt
-€40,733
Short-term financial debts
-€1,528
Cash 2025
€445
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €804,026 | €658,590 | -€145,436 | -18.1% |
| Fixed assets | 21/28 | €206,778 | €183,063 | -€23,715 | -11.5% |
| Intangible fixed assets | 21 | €189,966 | €165,762 | -€24,204 | -12.7% |
| Tangible fixed assets | 22/27 | €13,905 | €14,394 | +€489 | +3.5% |
| Land and buildings | 22 | €510 | €85 | -€425 | -83.3% |
| Plant, machinery and equipment | 23 | €685 | €4,751 | +€4,066 | +594% |
| Furniture and vehicles | 24 | €11,079 | €8,305 | -€2,774 | -25.0% |
| Other tangible fixed assets | 26 | €1,631 | €1,253 | -€378 | -23.2% |
| Financial fixed assets | 28 | €2,907 | €2,907 | = | 0.0% |
| Current assets | 29/58 | €597,248 | €475,527 | -€121,721 | -20.4% |
| Stocks and contracts in progress | 3 | €349,352 | €424,954 | +€75,602 | +21.6% |
| Stocks | 30/36 | €303,762 | €335,967 | +€32,205 | +10.6% |
| Contracts in progress | 37 | €45,590 | €88,987 | +€43,397 | +95.2% |
| Amounts receivable within one year | 40/41 | €236,708 | €44,649 | -€192,059 | -81.1% |
| Trade receivables | 40 | €80,546 | €16,325 | -€64,221 | -79.7% |
| Other amounts receivable | 41 | €156,162 | €28,324 | -€127,838 | -81.9% |
| Cash at bank and in hand | 54/58 | €1,399 | €445 | -€954 | -68.2% |
| Deferred charges and accrued income | 490/1 | €9,789 | €5,479 | -€4,310 | -44.0% |
| Total equity and liabilities | 10/49 | €804,026 | €658,590 | -€145,436 | -18.1% |
| Equity | 10/15 | €195,496 | €26,083 | -€169,413 | -86.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €71,991 | €71,991 | = | 0.0% |
| Distributable reserves | 133 | €71,991 | €71,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,505 | -€145,908 | -€169,413 | |
| Amounts payable | 17/49 | €608,530 | €632,507 | +€23,977 | +3.9% |
| Amounts payable after more than one year | 17 | €178,810 | €184,255 | +€5,445 | +3.0% |
| Financial debts | 170/4 | €46,001 | €38,161 | -€7,840 | -17.0% |
| Other amounts payable | 178/9 | €132,809 | €146,094 | +€13,285 | +10.0% |
| Amounts payable within one year | 42/48 | €397,445 | €349,570 | -€47,875 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €96,699 | €55,966 | -€40,733 | -42.1% |
| Financial debts | 43 | €174,845 | €173,317 | -€1,528 | -0.9% |
| Credit institutions | 430/8 | €174,845 | €173,317 | -€1,528 | -0.9% |
| Trade debts | 44 | €37,145 | €42,298 | +€5,153 | +13.9% |
| Suppliers | 440/4 | €37,145 | €42,298 | +€5,153 | +13.9% |
| Taxes, remuneration and social security | 45 | €84,756 | €77,989 | -€6,767 | -8.0% |
| Taxes | 450/3 | €51,015 | €44,038 | -€6,977 | -13.7% |
| Remuneration and social security | 454/9 | €33,741 | €33,951 | +€210 | +0.6% |
| Other amounts payable | 47/48 | €4,000 | - | -€4,000 | |
| Accrued charges and deferred income | 492/3 | €32,275 | €98,682 | +€66,407 | +206% |
| Remuneration, social security and pensions | 62 | €187,480 | €201,923 | +€14,443 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,207 | €79,107 | +€8,900 | +12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,501 | -€988 | +€1,513 | +60.5% |
| Other operating charges | 640/8 | €11,894 | €22,956 | +€11,062 | +93.0% |
| Non-recurring operating charges | 66A | - | €216,076 | +€216,076 | |
| Gross operating margin | 9900 | €360,734 | €416,734 | +€56,000 | +15.5% |
| Operating profit (loss) | 9901 | €93,654 | -€102,340 | -€195,994 | |
| Financial income | 75/76B | €157 | €1,785 | +€1,628 | +1,037% |
| Recurring financial income | 75 | €157 | €302 | +€145 | +92.4% |
| Non-recurring financial income | 76B | - | €1,483 | +€1,483 | |
| Financial charges | 65/66B | €34,556 | €68,332 | +€33,776 | +97.7% |
| Recurring financial charges | 65 | €34,184 | €68,332 | +€34,148 | +99.9% |
| Non-recurring financial charges | 66B | €372 | - | -€372 | |
| Profit (loss) for the period before taxes | 9903 | €59,255 | -€168,887 | -€228,142 | |
| Income taxes | 67/77 | €20,680 | €526 | -€20,154 | -97.5% |
| Profit (loss) for the period | 9904 | €38,575 | -€169,413 | -€207,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,575 | -€169,413 | -€207,988 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.