SELECTUM vermogensbeheer: 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.
SELECTUM vermogensbeheer
Largest movements
- Current investments +€3.1m
new in 2025: €3.1m
- Cash +€2.6m
new in 2025: €2.6m
mainly Contributions, distributions and other (+€5.5m) and Net result for the year (+€338,638)
- Receivables within one year +€306,051
new in 2025: €306,051
of which Trade receivables: +€248,997
- Tangible fixed assets +€77,209
new in 2025: €77,209
- Reserves +€4.2m
new in 2025: €4.2m
of which Distributable reserves: +€4.1m
- Profit (loss) carried forward +€1.5m
new in 2025: €1.5m
- Contributions +€250,000
new in 2025: €250,000
- Tax, wage and social debts +€154,998
new in 2025: €154,998
of which Taxes: +€119,965
- Gross operating margin +€796,278
new in 2025: €796,278
- Staff costs +€399,369
new in 2025: €399,369
- Taxes +€112,309
new in 2025: €112,309
- Financial income +€89,841
new in 2025: €89,841
- Depreciation +€31,384
new in 2025: €31,384
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | - | €6,064,855 | +€6.1m | |
| Fixed assets | 21/28 | - | €77,209 | +€77,209 | |
| Tangible fixed assets | 22/27 | - | €77,209 | +€77,209 | |
| Land and buildings | 22 | - | €77,209 | +€77,209 | |
| Current assets | 29/58 | - | €5,987,646 | +€6.0m | |
| Amounts receivable within one year | 40/41 | - | €306,051 | +€306,051 | |
| Trade receivables | 40 | - | €248,997 | +€248,997 | |
| Other amounts receivable | 41 | - | €57,054 | +€57,054 | |
| Current investments | 50/53 | - | €3,066,869 | +€3.1m | |
| Cash at bank and in hand | 54/58 | - | €2,614,726 | +€2.6m | |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | - | €6,064,855 | +€6.1m | |
| Equity | 10/15 | - | €5,880,392 | +€5.9m | |
| Contributions | 10/11 | - | €250,000 | +€250,000 | |
| Capital | 10 | - | €250,000 | +€250,000 | |
| Issued capital | 100 | - | €250,000 | +€250,000 | |
| Reserves | 13 | - | €4,161,864 | +€4.2m | |
| Non-distributable reserves | 130/1 | - | €25,000 | +€25,000 | |
| Legal reserve | 130 | - | €25,000 | +€25,000 | |
| Tax-exempt reserves | 132 | - | €18,750 | +€18,750 | |
| Distributable reserves | 133 | - | €4,118,114 | +€4.1m | |
| Profit (loss) carried forward | 14 | - | €1,468,529 | +€1.5m | |
| Amounts payable | 17/49 | - | €184,462 | +€184,462 | |
| Amounts payable within one year | 42/48 | - | €184,462 | +€184,462 | |
| Trade debts | 44 | - | €29,464 | +€29,464 | |
| Suppliers | 440/4 | - | €29,464 | +€29,464 | |
| Taxes, remuneration and social security | 45 | - | €154,998 | +€154,998 | |
| Taxes | 450/3 | - | €119,965 | +€119,965 | |
| Remuneration and social security | 454/9 | - | €35,033 | +€35,033 | |
| Remuneration, social security and pensions | 62 | - | €399,369 | +€399,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €31,384 | +€31,384 | |
| Other operating charges | 640/8 | - | €4,013 | +€4,013 | |
| Gross operating margin | 9900 | - | €796,278 | +€796,278 | |
| Operating profit (loss) | 9901 | - | €361,512 | +€361,512 | |
| Financial income | 75/76B | - | €89,841 | +€89,841 | |
| Recurring financial income | 75 | - | €89,841 | +€89,841 | |
| Financial charges | 65/66B | - | €406 | +€406 | |
| Recurring financial charges | 65 | - | €406 | +€406 | |
| Profit (loss) for the period before taxes | 9903 | - | €450,948 | +€450,948 | |
| Income taxes | 67/77 | - | €112,309 | +€112,309 | |
| Profit (loss) for the period | 9904 | - | €338,638 | +€338,638 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €338,638 | +€338,638 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.