USelect Holding: 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.
USelect Holding
Largest movements
- Receivables within one year +€3.5m
up €3.5m (+1226704.2%), from €288 to €3.5m
- Cash +€200,006
up €200,006 (+82000.0%), from €244 to €200,250
mainly Debts after one year (+€3.7m) and Accrued charges and deferred income (+€122,531)
- Debts after one year +€3.7m
new in 2024: €3.7m
- Financial charges +€123,348
up €123,348 (+28843.8%), from €428 to €123,775
- Gross operating margin -€47,738
down €47,738 (-1073.9%), from -€4,445 to -€52,183
- Financial income +€46,282
new in 2024: €46,282
- Taxes +€763
new in 2024: €763
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,325,070 | €16,059,947 | +€3.7m | +30.3% |
| Fixed assets | 21/28 | €12,324,538 | €12,324,538 | = | 0.0% |
| Financial fixed assets | 28 | €12,324,538 | €12,324,538 | = | 0.0% |
| Current assets | 29/58 | €532 | €3,735,409 | +€3.7m | +701952.2% |
| Amounts receivable within one year | 40/41 | €288 | €3,535,159 | +€3.5m | +1226704.2% |
| Other amounts receivable | 41 | €288 | €3,535,159 | +€3.5m | +1226704.2% |
| Cash at bank and in hand | 54/58 | €244 | €200,250 | +€200,006 | +82000.0% |
| Total equity and liabilities | 10/49 | €12,325,070 | €16,059,947 | +€3.7m | +30.3% |
| Equity | 10/15 | €12,318,631 | €12,187,664 | -€130,967 | -1.1% |
| Contributions | 10/11 | €12,324,538 | €12,324,538 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,906 | -€136,874 | -€130,967 | -2217.4% |
| Amounts payable | 17/49 | €6,438 | €3,872,283 | +€3.9m | +60043.3% |
| Amounts payable after more than one year | 17 | - | €3,700,000 | +€3.7m | |
| Financial debts | 170/4 | - | €3,700,000 | +€3.7m | |
| Amounts payable within one year | 42/48 | €6,410 | €49,723 | +€43,313 | +675.7% |
| Trade debts | 44 | €384 | €49,723 | +€49,338 | +12833.8% |
| Suppliers | 440/4 | €384 | €49,723 | +€49,338 | +12833.8% |
| Other amounts payable | 47/48 | €6,026 | €0 | -€6,026 | -100.0% |
| Accrued charges and deferred income | 492/3 | €28 | €122,560 | +€122,531 | +430993.1% |
| Other operating charges | 640/8 | €1,034 | €528 | -€506 | -48.9% |
| Gross operating margin | 9900 | -€4,445 | -€52,183 | -€47,738 | -1073.9% |
| Operating profit (loss) | 9901 | -€5,479 | -€52,710 | -€47,232 | -862.1% |
| Financial income | 75/76B | - | €46,282 | +€46,282 | |
| Recurring financial income | 75 | - | €46,282 | +€46,282 | |
| Financial charges | 65/66B | €428 | €123,775 | +€123,348 | +28843.8% |
| Recurring financial charges | 65 | €428 | €123,775 | +€123,348 | +28843.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,906 | -€130,204 | -€124,298 | -2104.5% |
| Income taxes | 67/77 | - | €763 | +€763 | |
| Profit (loss) for the period | 9904 | -€5,906 | -€130,967 | -€125,061 | -2117.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,906 | -€130,967 | -€125,061 | -2117.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.