Charlotte Segers: 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.
Charlotte Segers
Largest movements
- Cash -€8,463
down €8,463 (-42.0%), from €20,164 to €11,701
mainly Debts after one year (-€7,579) and Deferred charges and accrued income (-€4,255)
- Tangible fixed assets -€7,783
down €7,783 (-21.1%), from €36,826 to €29,043
- Deferred charges and accrued income +€4,255
new in 2025: €4,255
- Receivables within one year +€1,804
up €1,804 (+64.0%), from €2,817 to €4,621
- Debts after one year -€7,579
down €7,579 (-25.4%), from €29,797 to €22,218
- Tax, wage and social debts -€2,198
down €2,198 (-41.8%), from €5,255 to €3,057
- Accrued charges and deferred income -€667
no longer reported in 2025 (was €667)
- Gross operating margin -€11,611
down €11,611 (-47.3%), from €24,570 to €12,958
- Depreciation +€5,693
up €5,693 (+272%), from €2,090 to €7,783
- Taxes -€4,376
down €4,376 (-83.3%), from €5,255 to €879
- Staff costs -€1,382
down €1,382 (-33.0%), from €4,188 to €2,807
- Financial charges +€719
up €719 (+118%), from €609 to €1,328
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 | €59,807 | €49,620 | -€10,188 | -17.0% |
| Fixed assets | 21/28 | €36,826 | €29,043 | -€7,783 | -21.1% |
| Tangible fixed assets | 22/27 | €36,826 | €29,043 | -€7,783 | -21.1% |
| Furniture and vehicles | 24 | €36,826 | €29,043 | -€7,783 | -21.1% |
| Current assets | 29/58 | €22,981 | €20,576 | -€2,404 | -10.5% |
| Amounts receivable within one year | 40/41 | €2,817 | €4,621 | +€1,804 | +64.0% |
| Other amounts receivable | 41 | €2,817 | €4,621 | +€1,804 | +64.0% |
| Cash at bank and in hand | 54/58 | €20,164 | €11,701 | -€8,463 | -42.0% |
| Deferred charges and accrued income | 490/1 | - | €4,255 | +€4,255 | |
| Total equity and liabilities | 10/49 | €59,807 | €49,620 | -€10,188 | -17.0% |
| Equity | 10/15 | €16,634 | €16,289 | -€346 | -2.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,634 | €11,634 | = | 0.0% |
| Distributable reserves | 133 | €11,634 | €11,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€346 | -€346 | |
| Amounts payable | 17/49 | €43,173 | €33,331 | -€9,842 | -22.8% |
| Amounts payable after more than one year | 17 | €29,797 | €22,218 | -€7,579 | -25.4% |
| Financial debts | 170/4 | €29,797 | €22,218 | -€7,579 | -25.4% |
| Amounts payable within one year | 42/48 | €12,709 | €11,113 | -€1,596 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €7,326 | €7,579 | +€253 | +3.4% |
| Trade debts | 44 | €127 | €477 | +€350 | +274% |
| Suppliers | 440/4 | €127 | €477 | +€350 | +274% |
| Taxes, remuneration and social security | 45 | €5,255 | €3,057 | -€2,198 | -41.8% |
| Taxes | 450/3 | €5,255 | €3,057 | -€2,198 | -41.8% |
| Accrued charges and deferred income | 492/3 | €667 | - | -€667 | |
| Remuneration, social security and pensions | 62 | €4,188 | €2,807 | -€1,382 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,090 | €7,783 | +€5,693 | +272% |
| Other operating charges | 640/8 | €794 | €507 | -€286 | -36.1% |
| Gross operating margin | 9900 | €24,570 | €12,958 | -€11,611 | -47.3% |
| Operating profit (loss) | 9901 | €17,498 | €1,861 | -€15,637 | -89.4% |
| Financial charges | 65/66B | €609 | €1,328 | +€719 | +118% |
| Recurring financial charges | 65 | €609 | €1,328 | +€719 | +118% |
| Profit (loss) for the period before taxes | 9903 | €16,890 | €534 | -€16,356 | -96.8% |
| Income taxes | 67/77 | €5,255 | €879 | -€4,376 | -83.3% |
| Profit (loss) for the period | 9904 | €11,634 | -€346 | -€11,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,634 | -€346 | -€11,980 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.