Selenro Group: 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.
Selenro Group
Largest movements
- Cash +€27,984
up €27,984 (+73.5%), from €38,077 to €66,061
mainly Net result for the year (+€31,431) and Other debts (+€30,500)
- Deferred charges and accrued income -€10,013
down €10,013 (-46.8%), from €21,387 to €11,374
- Receivables within one year -€3,781
down €3,781 (-6.9%), from €54,889 to €51,107
- Tangible fixed assets -€2,228
down €2,228 (-9.3%), from €23,854 to €21,626
of which Furniture and vehicles: -€1,619
- Trade debts -€91,071
down €91,071 (-41.0%), from €222,121 to €131,050
- Profit (loss) carried forward +€31,431
up €31,431 (+10.4%), from -€301,705 to -€270,273
- Other debts +€30,500
up €30,500 (+35.9%), from €85,000 to €115,500
- Advances received +€16,918
up €16,918 (+21.9%), from €77,308 to €94,226
- Tax, wage and social debts +€14,487
up €14,487 (+63.1%), from €22,970 to €37,457
of which Remuneration and social security: +€10,439
- Gross operating margin +€131,727
up €131,727 (+61.6%), from €213,947 to €345,674
- Staff costs +€89,841
up €89,841 (+42.7%), from €210,314 to €300,155
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 | €150,773 | €162,341 | +€11,568 | +7.7% |
| Fixed assets | 21/28 | €23,854 | €21,626 | -€2,228 | -9.3% |
| Tangible fixed assets | 22/27 | €23,854 | €21,626 | -€2,228 | -9.3% |
| Plant, machinery and equipment | 23 | €17,658 | €17,049 | -€609 | -3.5% |
| Furniture and vehicles | 24 | €6,195 | €4,577 | -€1,619 | -26.1% |
| Current assets | 29/58 | €126,919 | €140,716 | +€13,796 | +10.9% |
| Stocks and contracts in progress | 3 | €12,567 | €12,174 | -€393 | -3.1% |
| Stocks | 30/36 | €12,567 | €12,174 | -€393 | -3.1% |
| Amounts receivable within one year | 40/41 | €54,889 | €51,107 | -€3,781 | -6.9% |
| Trade receivables | 40 | €54,889 | €51,107 | -€3,781 | -6.9% |
| Cash at bank and in hand | 54/58 | €38,077 | €66,061 | +€27,984 | +73.5% |
| Deferred charges and accrued income | 490/1 | €21,387 | €11,374 | -€10,013 | -46.8% |
| Total equity and liabilities | 10/49 | €150,773 | €162,341 | +€11,568 | +7.7% |
| Equity | 10/15 | -€261,705 | -€230,273 | +€31,431 | +12.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,705 | -€270,273 | +€31,431 | +10.4% |
| Amounts payable | 17/49 | €412,478 | €392,615 | -€19,863 | -4.8% |
| Amounts payable within one year | 42/48 | €407,398 | €378,233 | -€29,165 | -7.2% |
| Trade debts | 44 | €222,121 | €131,050 | -€91,071 | -41.0% |
| Suppliers | 440/4 | €222,121 | €131,050 | -€91,071 | -41.0% |
| Advances received on contracts in progress | 46 | €77,308 | €94,226 | +€16,918 | +21.9% |
| Taxes, remuneration and social security | 45 | €22,970 | €37,457 | +€14,487 | +63.1% |
| Taxes | 450/3 | €10,471 | €14,519 | +€4,048 | +38.7% |
| Remuneration and social security | 454/9 | €12,499 | €22,938 | +€10,439 | +83.5% |
| Other amounts payable | 47/48 | €85,000 | €115,500 | +€30,500 | +35.9% |
| Accrued charges and deferred income | 492/3 | €5,080 | €14,382 | +€9,302 | +183% |
| Remuneration, social security and pensions | 62 | €210,314 | €300,155 | +€89,841 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,130 | €5,955 | +€1,824 | +44.2% |
| Other operating charges | 640/8 | €2,966 | €783 | -€2,183 | -73.6% |
| Gross operating margin | 9900 | €213,947 | €345,674 | +€131,727 | +61.6% |
| Operating profit (loss) | 9901 | -€3,463 | €38,782 | +€42,244 | |
| Financial income | 75/76B | €540 | - | -€540 | |
| Recurring financial income | 75 | €540 | - | -€540 | |
| Financial charges | 65/66B | €5,317 | €7,400 | +€2,083 | +39.2% |
| Recurring financial charges | 65 | €5,317 | €7,400 | +€2,083 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,240 | €31,381 | +€39,621 | |
| Income taxes | 67/77 | €300 | -€50 | -€350 | |
| Profit (loss) for the period | 9904 | -€8,540 | €31,431 | +€39,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,540 | €31,431 | +€39,971 |
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 26 October 2026 via checked.be.