SELEK: what changed
SELEK
Largest movements
- Receivables within one year +€118,303
up €118,303 (+71.4%), from €165,581 to €283,884
of which Trade receivables: +€90,304
- Cash +€52,750
up €52,750 (+57.5%), from €91,764 to €144,514
mainly Net result for the year (+€86,225) and Tax, wage and social debts (+€39,555)
- Profit (loss) carried forward +€86,225
up €86,225 (+44.1%), from €195,449 to €281,674
- Tax, wage and social debts +€39,555
up €39,555 (+171%), from €23,099 to €62,654
- Accrued charges and deferred income +€20,893
new in 2025: €20,893
- Other debts +€15,650
new in 2025: €15,650
- Trade debts +€12,823
up €12,823 (+61.9%), from €20,722 to €33,546
- Gross operating margin +€103,077
up €103,077 (+121%), from €84,918 to €187,995
- Taxes +€20,883
up €20,883 (+112%), from €18,672 to €39,555
- Staff costs -€16,283
down €16,283 (-23.7%), from €68,694 to €52,410
- Financial charges +€4,526
up €4,526 (+126%), from €3,591 to €8,117
- Financial income -€2,457
down €2,457 (-100.0%), from €2,457 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,971 | €433,117 | +€175,146 | +67.9% |
| Fixed assets | 21/28 | €625 | €625 | = | 0.0% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €257,346 | €432,492 | +€175,146 | +68.1% |
| Amounts receivable within one year | 40/41 | €165,581 | €283,884 | +€118,303 | +71.4% |
| Trade receivables | 40 | €104,048 | €194,352 | +€90,304 | +86.8% |
| Other amounts receivable | 41 | €61,533 | €89,532 | +€27,999 | +45.5% |
| Cash at bank and in hand | 54/58 | €91,764 | €144,514 | +€52,750 | +57.5% |
| Deferred charges and accrued income | 490/1 | - | €4,093 | +€4,093 | |
| Total equity and liabilities | 10/49 | €257,971 | €433,117 | +€175,146 | +67.9% |
| Equity | 10/15 | €214,149 | €300,374 | +€86,225 | +40.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €18,600 | €18,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,449 | €281,674 | +€86,225 | +44.1% |
| Amounts payable | 17/49 | €43,821 | €132,742 | +€88,921 | +203% |
| Amounts payable within one year | 42/48 | €43,821 | €111,850 | +€68,029 | +155% |
| Trade debts | 44 | €20,722 | €33,546 | +€12,823 | +61.9% |
| Suppliers | 440/4 | €20,722 | €33,546 | +€12,823 | +61.9% |
| Taxes, remuneration and social security | 45 | €23,099 | €62,654 | +€39,555 | +171% |
| Taxes | 450/3 | €23,099 | €62,654 | +€39,555 | +171% |
| Other amounts payable | 47/48 | - | €15,650 | +€15,650 | |
| Accrued charges and deferred income | 492/3 | - | €20,893 | +€20,893 | |
| Non-recurring operating income | 76A | €19,000 | - | -€19,000 | |
| Remuneration, social security and pensions | 62 | €68,694 | €52,410 | -€16,283 | -23.7% |
| Other operating charges | 640/8 | €1,821 | €1,688 | -€133 | -7.3% |
| Gross operating margin | 9900 | €84,918 | €187,995 | +€103,077 | +121% |
| Operating profit (loss) | 9901 | €14,403 | €133,897 | +€119,494 | +830% |
| Financial income | 75/76B | €2,457 | €0 | -€2,457 | -100.0% |
| Recurring financial income | 75 | €2,457 | €0 | -€2,457 | -100.0% |
| Financial charges | 65/66B | €3,591 | €8,117 | +€4,526 | +126% |
| Recurring financial charges | 65 | €3,591 | €8,117 | +€4,526 | +126% |
| Profit (loss) for the period before taxes | 9903 | €13,269 | €125,780 | +€112,511 | +848% |
| Income taxes | 67/77 | €18,672 | €39,555 | +€20,883 | +112% |
| Profit (loss) for the period | 9904 | -€5,403 | €86,225 | +€91,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,403 | €86,225 | +€91,628 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.