Sella 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.
Sella Group
Largest movements
- Tangible fixed assets +€19,195
up €19,195 (+85.7%), from €22,392 to €41,587
of which Furniture and vehicles: +€19,581
- Cash +€6,450
up €6,450 (+46.9%), from €13,760 to €20,210
mainly Other debts (+€30,145) and Depreciation (+€9,780)
- Receivables within one year -€837
down €837 (-5.8%), from €14,408 to €13,570
of which Trade receivables: -€1,059
- Other debts +€30,145
up €30,145, from €0 to €30,145
- Reserves -€4,672
down €4,672 (-15.3%), from €30,630 to €25,958
- Tax, wage and social debts -€1,118
down €1,118 (-48.9%), from €2,286 to €1,168
- Trade debts +€916
up €916 (+150%), from €610 to €1,526
- Gross operating margin -€18,721
down €18,721 (-70.2%), from €26,650 to €7,928
- Taxes -€4,612
down €4,612 (-92.7%), from €4,975 to €363
- Depreciation +€1,209
up €1,209 (+14.1%), from €8,571 to €9,780
- Financial charges -€980
down €980 (-68.2%), from €1,436 to €456
- Financial income -€607
down €607 (-100%), from €607 to €0
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 | €52,075 | €77,648 | +€25,572 | +49.1% |
| Fixed assets | 21/28 | €22,392 | €41,587 | +€19,195 | +85.7% |
| Tangible fixed assets | 22/27 | €22,392 | €41,587 | +€19,195 | +85.7% |
| Plant, machinery and equipment | 23 | €790 | €404 | -€385 | -48.8% |
| Furniture and vehicles | 24 | €21,602 | €41,183 | +€19,581 | +90.6% |
| Current assets | 29/58 | €29,683 | €36,060 | +€6,377 | +21.5% |
| Amounts receivable within one year | 40/41 | €14,408 | €13,570 | -€837 | -5.8% |
| Trade receivables | 40 | €9,680 | €8,621 | -€1,059 | -10.9% |
| Other amounts receivable | 41 | €4,728 | €4,949 | +€221 | +4.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,760 | €20,210 | +€6,450 | +46.9% |
| Deferred charges and accrued income | 490/1 | €1,516 | €2,280 | +€764 | +50.4% |
| Total equity and liabilities | 10/49 | €52,075 | €77,648 | +€25,572 | +49.1% |
| Equity | 10/15 | €49,180 | €44,508 | -€4,672 | -9.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,630 | €25,958 | -€4,672 | -15.3% |
| Distributable reserves | 133 | €30,630 | €25,958 | -€4,672 | -15.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,895 | €33,140 | +€30,244 | +1,045% |
| Amounts payable within one year | 42/48 | €2,895 | €32,839 | +€29,943 | +1,034% |
| Trade debts | 44 | €610 | €1,526 | +€916 | +150% |
| Suppliers | 440/4 | €610 | €1,526 | +€916 | +150% |
| Taxes, remuneration and social security | 45 | €2,286 | €1,168 | -€1,118 | -48.9% |
| Taxes | 450/3 | €2,286 | €1,168 | -€1,118 | -48.9% |
| Other amounts payable | 47/48 | €0 | €30,145 | +€30,145 | |
| Accrued charges and deferred income | 492/3 | - | €301 | +€301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,571 | €9,780 | +€1,209 | +14.1% |
| Other operating charges | 640/8 | €1,752 | €2,002 | +€250 | +14.2% |
| Gross operating margin | 9900 | €26,650 | €7,928 | -€18,721 | -70.2% |
| Operating profit (loss) | 9901 | €16,327 | -€3,853 | -€20,180 | |
| Financial income | 75/76B | €607 | €0 | -€607 | -100% |
| Recurring financial income | 75 | €607 | €0 | -€607 | -100% |
| Financial charges | 65/66B | €1,436 | €456 | -€980 | -68.2% |
| Recurring financial charges | 65 | €1,436 | €456 | -€980 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | €15,498 | -€4,309 | -€19,807 | |
| Income taxes | 67/77 | €4,975 | €363 | -€4,612 | -92.7% |
| Profit (loss) for the period | 9904 | €10,523 | -€4,672 | -€15,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,523 | -€4,672 | -€15,195 |
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 30 October 2026 via checked.be.