SELENCO: 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.
SELENCO
Largest movements
- Tangible fixed assets -€36,449
down €36,449 (-10.9%), from €335,544 to €299,095
- Cash +€31,311
up €31,311 (+190.7%), from €16,418 to €47,729
mainly Depreciation (+€36,449) and Net result for the year (+€8,851)
- Other debts -€24,000
down €24,000 (-11.6%), from €207,086 to €183,086
- Reserves +€8,851
up €8,851 (+11.0%), from €80,696 to €89,547
- Trade debts +€5,956
up €5,956 (+10.5%), from €56,980 to €62,936
- Tax, wage and social debts +€4,429
up €4,429 (+192.2%), from €2,305 to €6,734
- Gross operating margin +€4,827
up €4,827 (+9.9%), from €48,598 to €53,425
- Taxes +€2,125
up €2,125 (+92.2%), from €2,305 to €4,429
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 | €353,266 | €348,503 | -€4,763 | -1.3% |
| Fixed assets | 21/28 | €335,544 | €299,095 | -€36,449 | -10.9% |
| Tangible fixed assets | 22/27 | €335,544 | €299,095 | -€36,449 | -10.9% |
| Land and buildings | 22 | €335,544 | €299,095 | -€36,449 | -10.9% |
| Current assets | 29/58 | €17,722 | €49,408 | +€31,686 | +178.8% |
| Cash at bank and in hand | 54/58 | €16,418 | €47,729 | +€31,311 | +190.7% |
| Deferred charges and accrued income | 490/1 | €1,304 | €1,679 | +€375 | +28.8% |
| Total equity and liabilities | 10/49 | €353,266 | €348,503 | -€4,763 | -1.3% |
| Equity | 10/15 | €86,896 | €95,747 | +€8,851 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,696 | €89,547 | +€8,851 | +11.0% |
| Distributable reserves | 133 | €80,696 | €89,547 | +€8,851 | +11.0% |
| Amounts payable | 17/49 | €266,371 | €252,756 | -€13,614 | -5.1% |
| Amounts payable within one year | 42/48 | €266,371 | €252,756 | -€13,614 | -5.1% |
| Trade debts | 44 | €56,980 | €62,936 | +€5,956 | +10.5% |
| Suppliers | 440/4 | €56,980 | €62,936 | +€5,956 | +10.5% |
| Taxes, remuneration and social security | 45 | €2,305 | €6,734 | +€4,429 | +192.2% |
| Taxes | 450/3 | €2,305 | €6,734 | +€4,429 | +192.2% |
| Other amounts payable | 47/48 | €207,086 | €183,086 | -€24,000 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,449 | €36,449 | = | 0.0% |
| Other operating charges | 640/8 | €3,450 | €3,549 | +€99 | +2.9% |
| Gross operating margin | 9900 | €48,598 | €53,425 | +€4,827 | +9.9% |
| Operating profit (loss) | 9901 | €8,699 | €13,427 | +€4,728 | +54.4% |
| Financial charges | 65/66B | €241 | €146 | -€95 | -39.4% |
| Recurring financial charges | 65 | €241 | €146 | -€95 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €8,458 | €13,281 | +€4,823 | +57.0% |
| Income taxes | 67/77 | €2,305 | €4,429 | +€2,125 | +92.2% |
| Profit (loss) for the period | 9904 | €6,153 | €8,851 | +€2,698 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,153 | €8,851 | +€2,698 | +43.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.