SELEN ELECTRIC: 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.
SELEN ELECTRIC
Largest movements
- Cash -€3,020
down €3,020 (-79.7%), from €3,789 to €769
mainly Investment in fixed assets (net) (-€3,708) and Receivables within one year (-€2,427)
- Receivables within one year +€2,427
up €2,427 (+15.5%), from €15,666 to €18,093
of which Other amounts receivable: +€9,081
- Tangible fixed assets +€2,169
up €2,169 (+134%), from €1,616 to €3,785
of which Furniture and vehicles: +€1,317
- Tax, wage and social debts +€805
up €805 (+18.4%), from €4,372 to €5,177
- Profit (loss) carried forward +€753
up €753 (+4.6%), from €16,542 to €17,295
- Gross operating margin -€15,763
down €15,763 (-73.9%), from €21,316 to €5,553
- Taxes -€3,567
down €3,567 (-81.6%), from €4,372 to €805
- Financial charges +€2,303
up €2,303 (+6,367%), from €36 to €2,339
- Depreciation +€1,156
up €1,156 (+301%), from €384 to €1,540
- Other operating charges +€418
new in 2025: €418
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.
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 | €21,161 | €22,915 | +€1,754 | +8.3% |
| Fixed assets | 21/28 | €1,706 | €3,875 | +€2,169 | +127% |
| Tangible fixed assets | 22/27 | €1,616 | €3,785 | +€2,169 | +134% |
| Plant, machinery and equipment | 23 | - | €852 | +€852 | |
| Furniture and vehicles | 24 | €1,616 | €2,933 | +€1,317 | +81.5% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €19,455 | €19,040 | -€415 | -2.1% |
| Amounts receivable within one year | 40/41 | €15,666 | €18,093 | +€2,427 | +15.5% |
| Trade receivables | 40 | €12,942 | €6,287 | -€6,655 | -51.4% |
| Other amounts receivable | 41 | €2,724 | €11,806 | +€9,081 | +333% |
| Cash at bank and in hand | 54/58 | €3,789 | €769 | -€3,020 | -79.7% |
| Deferred charges and accrued income | 490/1 | - | €178 | +€178 | |
| Total equity and liabilities | 10/49 | €21,161 | €22,915 | +€1,754 | +8.3% |
| Equity | 10/15 | €16,542 | €17,295 | +€753 | +4.6% |
| Profit (loss) carried forward | 14 | €16,542 | €17,295 | +€753 | +4.6% |
| Amounts payable | 17/49 | €4,619 | €5,620 | +€1,001 | +21.7% |
| Amounts payable within one year | 42/48 | €4,619 | €5,620 | +€1,001 | +21.7% |
| Trade debts | 44 | €247 | €443 | +€196 | +79.3% |
| Suppliers | 440/4 | €247 | €443 | +€196 | +79.3% |
| Taxes, remuneration and social security | 45 | €4,372 | €5,177 | +€805 | +18.4% |
| Taxes | 450/3 | €4,372 | €5,177 | +€805 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €1,540 | +€1,156 | +301% |
| Other operating charges | 640/8 | - | €418 | +€418 | |
| Gross operating margin | 9900 | €21,316 | €5,553 | -€15,763 | -73.9% |
| Operating profit (loss) | 9901 | €20,932 | €3,596 | -€17,337 | -82.8% |
| Financial income | 75/76B | €18 | €302 | +€283 | +1,563% |
| Recurring financial income | 75 | €18 | €302 | +€283 | +1,563% |
| Financial charges | 65/66B | €36 | €2,339 | +€2,303 | +6,367% |
| Recurring financial charges | 65 | €36 | €2,339 | +€2,303 | +6,367% |
| Profit (loss) for the period before taxes | 9903 | €20,914 | €1,558 | -€19,356 | -92.6% |
| Income taxes | 67/77 | €4,372 | €805 | -€3,567 | -81.6% |
| Profit (loss) for the period | 9904 | €16,542 | €753 | -€15,789 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,542 | €753 | -€15,789 | -95.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.