SELECTSYS: 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.
SELECTSYS
Largest movements
- Cash +€54,330
up €54,330 (+62.9%), from €86,423 to €140,754
mainly Net result for the year (+€51,328) and Advances received (+€14,399)
- Receivables within one year +€15,682
up €15,682 (+131.8%), from €11,900 to €27,582
- Profit (loss) carried forward +€51,328
up €51,328 (+90.1%), from €56,972 to €108,300
- Advances received +€14,399
new in 2025: €14,399
- Tax, wage and social debts +€3,236
up €3,236 (+13.1%), from €24,752 to €27,988
- Other debts +€2,061
up €2,061 (+12.6%), from €16,397 to €18,458
- Gross operating margin +€3,506
up €3,506 (+5.4%), from €64,514 to €68,021
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 | €99,754 | €171,350 | +€71,596 | +71.8% |
| Fixed assets | 21/28 | €1,030 | €2,626 | +€1,595 | +154.9% |
| Tangible fixed assets | 22/27 | €667 | €2,263 | +€1,595 | +239.1% |
| Furniture and vehicles | 24 | €667 | €2,263 | +€1,595 | +239.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €98,723 | €168,724 | +€70,001 | +70.9% |
| Amounts receivable within one year | 40/41 | €11,900 | €27,582 | +€15,682 | +131.8% |
| Trade receivables | 40 | €11,900 | €27,582 | +€15,682 | +131.8% |
| Cash at bank and in hand | 54/58 | €86,423 | €140,754 | +€54,330 | +62.9% |
| Deferred charges and accrued income | 490/1 | €400 | €389 | -€11 | -2.8% |
| Total equity and liabilities | 10/49 | €99,754 | €171,350 | +€71,596 | +71.8% |
| Equity | 10/15 | €57,972 | €109,300 | +€51,328 | +88.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,972 | €108,300 | +€51,328 | +90.1% |
| Amounts payable | 17/49 | €41,782 | €62,050 | +€20,268 | +48.5% |
| Amounts payable within one year | 42/48 | €41,782 | €62,050 | +€20,268 | +48.5% |
| Trade debts | 44 | €633 | €1,205 | +€572 | +90.3% |
| Suppliers | 440/4 | €633 | €1,205 | +€572 | +90.3% |
| Advances received on contracts in progress | 46 | - | €14,399 | +€14,399 | |
| Taxes, remuneration and social security | 45 | €24,752 | €27,988 | +€3,236 | +13.1% |
| Taxes | 450/3 | €24,752 | €27,988 | +€3,236 | +13.1% |
| Other amounts payable | 47/48 | €16,397 | €18,458 | +€2,061 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €556 | +€197 | +54.8% |
| Other operating charges | 640/8 | €177 | €362 | +€185 | +104.9% |
| Gross operating margin | 9900 | €64,514 | €68,021 | +€3,506 | +5.4% |
| Operating profit (loss) | 9901 | €63,979 | €67,103 | +€3,124 | +4.9% |
| Financial charges | 65/66B | €1,033 | €1,270 | +€237 | +23.0% |
| Recurring financial charges | 65 | €1,033 | €1,270 | +€237 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €62,946 | €65,833 | +€2,887 | +4.6% |
| Income taxes | 67/77 | €13,999 | €14,505 | +€506 | +3.6% |
| Profit (loss) for the period | 9904 | €48,947 | €51,328 | +€2,381 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,947 | €51,328 | +€2,381 | +4.9% |
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.