SELEKT: 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.
SELEKT
Largest movements
- Current investments +€75,000
up €75,000 (+42.9%), from €175,000 to €250,000
- Tangible fixed assets -€63,988
down €63,988 (-20.7%), from €309,622 to €245,634
of which Furniture and vehicles: -€45,314
- Receivables within one year +€44,264
up €44,264 (+79.2%), from €55,923 to €100,187
of which Trade receivables: +€64,078
- Cash +€42,635
up €42,635 (+29.2%), from €145,930 to €188,565
mainly Advances received (+€104,869) and Depreciation (+€74,381)
- Advances received +€104,869
up €104,869 (+299.5%), from €35,020 to €139,889
- Debts after one year -€24,324
down €24,324 (-25.0%), from €97,213 to €72,889
- Tax, wage and social debts +€13,862
up €13,862 (+35.0%), from €39,624 to €53,485
of which Taxes: +€11,466
- Depreciation +€26,701
up €26,701 (+56.0%), from €47,680 to €74,381
- Staff costs -€24,669
down €24,669 (-9.2%), from €267,405 to €242,736
- Gross operating margin -€10,884
down €10,884 (-3.2%), from €337,545 to €326,661
- Taxes -€3,476
down €3,476 (-46.3%), from €7,515 to €4,039
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 | €687,859 | €786,569 | +€98,710 | +14.4% |
| Fixed assets | 21/28 | €310,522 | €246,534 | -€63,988 | -20.6% |
| Tangible fixed assets | 22/27 | €309,622 | €245,634 | -€63,988 | -20.7% |
| Plant, machinery and equipment | 23 | €9,602 | €6,610 | -€2,992 | -31.2% |
| Furniture and vehicles | 24 | €210,529 | €165,215 | -€45,314 | -21.5% |
| Other tangible fixed assets | 26 | €89,491 | €73,809 | -€15,682 | -17.5% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €377,337 | €540,035 | +€162,698 | +43.1% |
| Amounts receivable within one year | 40/41 | €55,923 | €100,187 | +€44,264 | +79.2% |
| Trade receivables | 40 | €31,324 | €95,402 | +€64,078 | +204.6% |
| Other amounts receivable | 41 | €24,599 | €4,785 | -€19,814 | -80.5% |
| Current investments | 50/53 | €175,000 | €250,000 | +€75,000 | +42.9% |
| Cash at bank and in hand | 54/58 | €145,930 | €188,565 | +€42,635 | +29.2% |
| Deferred charges and accrued income | 490/1 | €484 | €1,283 | +€799 | +165.0% |
| Total equity and liabilities | 10/49 | €687,859 | €786,569 | +€98,710 | +14.4% |
| Equity | 10/15 | €465,837 | €465,506 | -€331 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €229,946 | €229,946 | = | 0.0% |
| Distributable reserves | 133 | €229,946 | €229,946 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,691 | €229,360 | -€331 | -0.1% |
| Amounts payable | 17/49 | €222,023 | €321,063 | +€99,041 | +44.6% |
| Amounts payable after more than one year | 17 | €97,213 | €72,889 | -€24,324 | -25.0% |
| Financial debts | 170/4 | €97,213 | €72,889 | -€24,324 | -25.0% |
| Amounts payable within one year | 42/48 | €122,204 | €244,306 | +€122,102 | +99.9% |
| Current portion of amounts payable after more than one year | 42 | €23,551 | €24,324 | +€773 | +3.3% |
| Trade debts | 44 | €24,010 | €26,609 | +€2,599 | +10.8% |
| Suppliers | 440/4 | €24,010 | €26,609 | +€2,599 | +10.8% |
| Advances received on contracts in progress | 46 | €35,020 | €139,889 | +€104,869 | +299.5% |
| Taxes, remuneration and social security | 45 | €39,624 | €53,485 | +€13,862 | +35.0% |
| Taxes | 450/3 | €6,874 | €18,340 | +€11,466 | +166.8% |
| Remuneration and social security | 454/9 | €32,750 | €35,145 | +€2,395 | +7.3% |
| Accrued charges and deferred income | 492/3 | €2,605 | €3,868 | +€1,263 | +48.5% |
| Non-recurring operating income | 76A | €11,259 | - | -€11,259 | |
| Remuneration, social security and pensions | 62 | €267,405 | €242,736 | -€24,669 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,680 | €74,381 | +€26,701 | +56.0% |
| Other operating charges | 640/8 | €9,453 | €7,972 | -€1,482 | -15.7% |
| Gross operating margin | 9900 | €337,545 | €326,661 | -€10,884 | -3.2% |
| Operating profit (loss) | 9901 | €13,006 | €1,572 | -€11,434 | -87.9% |
| Financial income | 75/76B | €4,203 | €6,080 | +€1,877 | +44.7% |
| Recurring financial income | 75 | €4,203 | €6,080 | +€1,877 | +44.7% |
| Financial charges | 65/66B | €1,154 | €3,944 | +€2,791 | +241.9% |
| Recurring financial charges | 65 | €1,154 | €3,944 | +€2,791 | +241.9% |
| Profit (loss) for the period before taxes | 9903 | €16,055 | €3,708 | -€12,348 | -76.9% |
| Income taxes | 67/77 | €7,515 | €4,039 | -€3,476 | -46.3% |
| Profit (loss) for the period | 9904 | €8,541 | -€331 | -€8,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,541 | -€331 | -€8,871 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.