SELECTCO: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
SELECTCO
Largest movements
- Receivables within one year -€14,955
down €14,955 (-99.7%), from €14,999 to €44
of which Trade receivables: -€14,963
- Current investments -€9,180
down €9,180 (-55.0%), from €16,699 to €7,518
- Tangible fixed assets -€7,613
down €7,613 (-2.0%), from €372,888 to €365,276
- Trade debts -€17,080
no longer reported in 2025 (was €17,080)
- Financial charges +€9,189
up €9,189 (+6,082%), from €151 to €9,340
- Gross operating margin +€8,764
up €8,764 (+69.5%), from €12,604 to €21,368
- Other operating charges +€3,831
up €3,831 (+106%), from €3,612 to €7,443
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 | €421,628 | €397,731 | -€23,897 | -5.7% |
| Fixed assets | 21/28 | €372,888 | €365,276 | -€7,613 | -2.0% |
| Tangible fixed assets | 22/27 | €372,888 | €365,276 | -€7,613 | -2.0% |
| Land and buildings | 22 | €372,888 | €365,276 | -€7,613 | -2.0% |
| Current assets | 29/58 | €48,740 | €32,455 | -€16,285 | -33.4% |
| Amounts receivable within one year | 40/41 | €14,999 | €44 | -€14,955 | -99.7% |
| Trade receivables | 40 | €14,963 | - | -€14,963 | |
| Other amounts receivable | 41 | €36 | €44 | +€8 | +21.9% |
| Current investments | 50/53 | €16,699 | €7,518 | -€9,180 | -55.0% |
| Cash at bank and in hand | 54/58 | €6,002 | €9,701 | +€3,698 | +61.6% |
| Deferred charges and accrued income | 490/1 | €11,040 | €15,192 | +€4,152 | +37.6% |
| Total equity and liabilities | 10/49 | €421,628 | €397,731 | -€23,897 | -5.7% |
| Equity | 10/15 | €18,004 | €15,125 | -€2,879 | -16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,082 | - | -€2,082 | |
| Distributable reserves | 133 | €2,082 | - | -€2,082 | |
| Profit (loss) carried forward | 14 | -€2,678 | -€3,475 | -€797 | -29.8% |
| Amounts payable | 17/49 | €403,624 | €382,606 | -€21,018 | -5.2% |
| Amounts payable within one year | 42/48 | €403,237 | €382,206 | -€21,030 | -5.2% |
| Trade debts | 44 | €17,080 | - | -€17,080 | |
| Suppliers | 440/4 | €17,080 | - | -€17,080 | |
| Other amounts payable | 47/48 | €386,156 | €382,206 | -€3,950 | -1.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,613 | €7,613 | = | 0.0% |
| Other operating charges | 640/8 | €3,612 | €7,443 | +€3,831 | +106% |
| Gross operating margin | 9900 | €12,604 | €21,368 | +€8,764 | +69.5% |
| Operating profit (loss) | 9901 | €1,380 | €6,312 | +€4,932 | +357% |
| Financial income | 75/76B | €121 | €148 | +€27 | +22.0% |
| Recurring financial income | 75 | €121 | €148 | +€27 | +22.0% |
| Financial charges | 65/66B | €151 | €9,340 | +€9,189 | +6,082% |
| Recurring financial charges | 65 | €151 | €9,340 | +€9,189 | +6,082% |
| Profit (loss) for the period before taxes | 9903 | €1,350 | -€2,879 | -€4,230 | |
| Profit (loss) for the period | 9904 | €1,350 | -€2,879 | -€4,230 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,350 | -€2,879 | -€4,230 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.