SELECTULL: what changed
What changed
SELECTULL
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€3,727
2024 · -€15,204+€18,932
Equity
€3,806
2024 · €79+€3,727
Cash
€5,369
2024 · €5,197+€172
Balance sheet total
€179,720
2024 · €86,428+€93,291
Largest movements
Assets
- Receivables within one year +€100,484
up €100,484 (+252%), from €39,857 to €140,342
of which Trade receivables: +€88,133
- Tangible fixed assets -€6,800
down €6,800 (-22.5%), from €30,284 to €23,484
Equity and liabilities
- Trade debts +€88,526
up €88,526 (+337%), from €26,285 to €114,811
- Debts after one year -€8,235
down €8,235 (-38.4%), from €21,441 to €13,206
- Tax, wage and social debts +€4,664
up €4,664 (+29.2%), from €15,967 to €20,631
- Current portion of long-term debt +€4,663
up €4,663 (+20.7%), from €22,572 to €27,235
- Profit (loss) carried forward +€3,727
up €3,727 (+46.7%), from -€7,976 to -€4,249
Income statement
- Gross operating margin +€100,545
up €100,545 (+80.0%), from €125,683 to €226,228
- Staff costs +€73,078
up €73,078 (+56.0%), from €130,436 to €203,514
- Taxes +€5,888
up €5,888 (+3,680%), from €160 to €6,048
- Depreciation +€3,084
up €3,084 (+83.0%), from €3,716 to €6,800
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
-€15,204
Gross operating margin
+€100,545
Staff costs
-€73,078
Depreciation
-€3,084
Other operating charges
-€1,900
Other operating items
+€1,368
Financial income
+€33
Financial charges
+€936
Taxes
-€5,888
Result 2025
€3,727
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
+€3,744
Investment
€0
Financing
-€3,572
Cash 2024
€5,197
From operations (derived)
+€3,744
Net result for the year
+€3,727
Depreciation
+€6,800
Receivables within one year
-€100,484
Deferred charges and accrued income
+€565
Trade debts
+€88,526
Tax, wage and social debts
+€4,664
Accrued charges and deferred income
-€53
Financing
-€3,572
Debts after one year
-€8,235
Current portion of long-term debt
+€4,663
Cash 2025
€5,369
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,428 | €179,720 | +€93,291 | +108% |
| Fixed assets | 21/28 | €30,647 | €23,847 | -€6,800 | -22.2% |
| Tangible fixed assets | 22/27 | €30,284 | €23,484 | -€6,800 | -22.5% |
| Furniture and vehicles | 24 | €30,284 | €23,484 | -€6,800 | -22.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €55,781 | €155,873 | +€100,091 | +179% |
| Stocks and contracts in progress | 3 | €9,838 | €9,838 | = | 0.0% |
| Stocks | 30/36 | €9,838 | €9,838 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,857 | €140,342 | +€100,484 | +252% |
| Trade receivables | 40 | €33,479 | €121,612 | +€88,133 | +263% |
| Other amounts receivable | 41 | €6,378 | €18,730 | +€12,352 | +194% |
| Cash at bank and in hand | 54/58 | €5,197 | €5,369 | +€172 | +3.3% |
| Deferred charges and accrued income | 490/1 | €889 | €324 | -€565 | -63.5% |
| Total equity and liabilities | 10/49 | €86,428 | €179,720 | +€93,291 | +108% |
| Equity | 10/15 | €79 | €3,806 | +€3,727 | +4,747% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,976 | -€4,249 | +€3,727 | +46.7% |
| Amounts payable | 17/49 | €86,350 | €175,914 | +€89,564 | +104% |
| Amounts payable after more than one year | 17 | €21,441 | €13,206 | -€8,235 | -38.4% |
| Financial debts | 170/4 | €21,441 | €13,206 | -€8,235 | -38.4% |
| Amounts payable within one year | 42/48 | €64,824 | €162,677 | +€97,853 | +151% |
| Current portion of amounts payable after more than one year | 42 | €22,572 | €27,235 | +€4,663 | +20.7% |
| Trade debts | 44 | €26,285 | €114,811 | +€88,526 | +337% |
| Suppliers | 440/4 | €26,285 | €114,811 | +€88,526 | +337% |
| Taxes, remuneration and social security | 45 | €15,967 | €20,631 | +€4,664 | +29.2% |
| Remuneration and social security | 454/9 | €15,967 | €20,631 | +€4,664 | +29.2% |
| Accrued charges and deferred income | 492/3 | €84 | €31 | -€53 | -63.2% |
| Remuneration, social security and pensions | 62 | €130,436 | €203,514 | +€73,078 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,716 | €6,800 | +€3,084 | +83.0% |
| Other operating charges | 640/8 | €1,012 | €2,912 | +€1,900 | +188% |
| Non-recurring operating charges | 66A | €1,626 | €258 | -€1,368 | -84.1% |
| Gross operating margin | 9900 | €125,683 | €226,228 | +€100,545 | +80.0% |
| Operating profit (loss) | 9901 | -€11,107 | €12,744 | +€23,851 | |
| Financial income | 75/76B | €0 | €33 | +€33 | +109,033% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +109,033% |
| Financial charges | 65/66B | €3,937 | €3,001 | -€936 | -23.8% |
| Recurring financial charges | 65 | €3,937 | €3,001 | -€936 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,044 | €9,775 | +€24,820 | |
| Income taxes | 67/77 | €160 | €6,048 | +€5,888 | +3,680% |
| Profit (loss) for the period | 9904 | -€15,204 | €3,727 | +€18,932 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,204 | €3,727 | +€18,932 |
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 5 November 2026 via checked.be.