SELTREN: 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.
SELTREN
Largest movements
- Receivables within one year -€23,941
no longer reported in 2024 (was €23,941)
of which Trade receivables: -€23,767
- Stocks and contracts -€6,767
down €6,767 (-19.3%), from €35,130 to €28,363
- Tangible fixed assets -€985
down €985 (-45.2%), from €2,178 to €1,192
- Advances received -€24,315
no longer reported in 2024 (was €24,315)
- Other debts -€13,321
down €13,321 (-29.7%), from €44,781 to €31,460
- Profit (loss) carried forward +€7,142
up €7,142 (+31.6%), from -€22,586 to -€15,444
- Short-term financial debts -€2,598
down €2,598 (-62.2%), from €4,179 to €1,581
- Trade debts +€823
up €823 (+18.9%), from €4,359 to €5,183
- Gross operating margin +€10,989
up €10,989, from -€2,091 to €8,897
- Financial income +€259
up €259 (+241.2%), from €108 to €367
- Financial charges +€220
up €220 (+31.1%), from €709 to €929
- Depreciation +€207
up €207 (+26.6%), from €778 to €985
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,249 | €29,555 | -€31,693 | -51.7% |
| Fixed assets | 21/28 | €2,178 | €1,192 | -€985 | -45.2% |
| Tangible fixed assets | 22/27 | €2,178 | €1,192 | -€985 | -45.2% |
| Furniture and vehicles | 24 | €2,178 | €1,192 | -€985 | -45.2% |
| Current assets | 29/58 | €59,071 | €28,363 | -€30,708 | -52.0% |
| Stocks and contracts in progress | 3 | €35,130 | €28,363 | -€6,767 | -19.3% |
| Stocks | 30/36 | €35,130 | €28,363 | -€6,767 | -19.3% |
| Amounts receivable within one year | 40/41 | €23,941 | - | -€23,941 | |
| Trade receivables | 40 | €23,767 | - | -€23,767 | |
| Other amounts receivable | 41 | €174 | - | -€174 | |
| Total equity and liabilities | 10/49 | €61,249 | €29,555 | -€31,693 | -51.7% |
| Equity | 10/15 | -€16,386 | -€9,244 | +€7,142 | +43.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,586 | -€15,444 | +€7,142 | +31.6% |
| Amounts payable | 17/49 | €77,634 | €38,799 | -€38,835 | -50.0% |
| Amounts payable within one year | 42/48 | €77,634 | €38,799 | -€38,835 | -50.0% |
| Financial debts | 43 | €4,179 | €1,581 | -€2,598 | -62.2% |
| Credit institutions | 430/8 | €4,179 | €1,581 | -€2,598 | -62.2% |
| Trade debts | 44 | €4,359 | €5,183 | +€823 | +18.9% |
| Suppliers | 440/4 | €4,359 | €5,183 | +€823 | +18.9% |
| Advances received on contracts in progress | 46 | €24,315 | - | -€24,315 | |
| Taxes, remuneration and social security | 45 | - | €576 | +€576 | |
| Taxes | 450/3 | - | €576 | +€576 | |
| Other amounts payable | 47/48 | €44,781 | €31,460 | -€13,321 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €985 | +€207 | +26.6% |
| Other operating charges | 640/8 | €199 | €208 | +€9 | +4.5% |
| Gross operating margin | 9900 | -€2,091 | €8,897 | +€10,989 | |
| Operating profit (loss) | 9901 | -€3,068 | €7,704 | +€10,773 | |
| Financial income | 75/76B | €108 | €367 | +€259 | +241.2% |
| Recurring financial income | 75 | €108 | €367 | +€259 | +241.2% |
| Financial charges | 65/66B | €709 | €929 | +€220 | +31.1% |
| Recurring financial charges | 65 | €709 | €929 | +€220 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,670 | €7,142 | +€10,812 | |
| Profit (loss) for the period | 9904 | -€3,670 | €7,142 | +€10,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,670 | €7,142 | +€10,812 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.