DR U Segaert: 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.
DR U Segaert
Largest movements
- Cash +€130,829
up €130,829 (+102%), from €128,864 to €259,693
mainly Net result for the year (+€130,917) and Depreciation (+€34,195)
- Tangible fixed assets -€22,929
down €22,929 (-6.6%), from €348,829 to €325,900
of which Land and buildings: -€30,403
- Current investments +€21,000
up €21,000 (+6.1%), from €344,488 to €365,488
- Reserves +€70,000
up €70,000 (+3,500%), from €2,000 to €72,000
- Profit (loss) carried forward +€60,917
up €60,917 (+8.5%), from €714,692 to €775,609
- Tax, wage and social debts +€18,394
up €18,394 (+111%), from €16,595 to €34,988
of which Taxes: +€18,394
- Debts after one year -€16,988
down €16,988 (-15.1%), from €112,315 to €95,327
- Gross operating margin +€56,893
up €56,893 (+38.0%), from €149,640 to €206,533
- Taxes +€13,884
up €13,884 (+44.3%), from €31,335 to €45,219
- Financial income +€8,181
up €8,181 (+401%), from €2,038 to €10,219
- Other operating charges +€3,821
up €3,821 (+984%), from €388 to €4,209
- Depreciation +€2,087
up €2,087 (+6.5%), from €32,108 to €34,195
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 | €909,239 | €1,033,931 | +€124,692 | +13.7% |
| Fixed assets | 21/28 | €348,829 | €325,900 | -€22,929 | -6.6% |
| Tangible fixed assets | 22/27 | €348,829 | €325,900 | -€22,929 | -6.6% |
| Land and buildings | 22 | €326,969 | €296,566 | -€30,403 | -9.3% |
| Plant, machinery and equipment | 23 | €15,266 | €22,815 | +€7,548 | +49.4% |
| Furniture and vehicles | 24 | €6,594 | €6,520 | -€74 | -1.1% |
| Current assets | 29/58 | €560,410 | €708,031 | +€147,621 | +26.3% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,760 | €7,702 | -€58 | -0.7% |
| Other amounts receivable | 41 | €7,760 | €7,702 | -€58 | -0.7% |
| Current investments | 50/53 | €344,488 | €365,488 | +€21,000 | +6.1% |
| Cash at bank and in hand | 54/58 | €128,864 | €259,693 | +€130,829 | +102% |
| Deferred charges and accrued income | 490/1 | €9,298 | €5,148 | -€4,150 | -44.6% |
| Total equity and liabilities | 10/49 | €909,239 | €1,033,931 | +€124,692 | +13.7% |
| Equity | 10/15 | €723,692 | €854,609 | +€130,917 | +18.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €72,000 | +€70,000 | +3,500% |
| Distributable reserves | 133 | €2,000 | €72,000 | +€70,000 | +3,500% |
| Profit (loss) carried forward | 14 | €714,692 | €775,609 | +€60,917 | +8.5% |
| Amounts payable | 17/49 | €185,547 | €179,323 | -€6,225 | -3.4% |
| Amounts payable after more than one year | 17 | €112,315 | €95,327 | -€16,988 | -15.1% |
| Financial debts | 170/4 | €112,315 | €95,327 | -€16,988 | -15.1% |
| Amounts payable within one year | 42/48 | €73,232 | €83,473 | +€10,241 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €16,793 | €16,983 | +€190 | +1.1% |
| Trade debts | 44 | €39,398 | €31,054 | -€8,343 | -21.2% |
| Suppliers | 440/4 | €39,398 | €31,054 | -€8,343 | -21.2% |
| Taxes, remuneration and social security | 45 | €16,595 | €34,988 | +€18,394 | +111% |
| Taxes | 450/3 | €8,760 | €27,154 | +€18,394 | +210% |
| Remuneration and social security | 454/9 | €7,835 | €7,835 | = | 0.0% |
| Other amounts payable | 47/48 | €447 | €447 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €523 | +€523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,108 | €34,195 | +€2,087 | +6.5% |
| Other operating charges | 640/8 | €388 | €4,209 | +€3,821 | +984% |
| Gross operating margin | 9900 | €149,640 | €206,533 | +€56,893 | +38.0% |
| Operating profit (loss) | 9901 | €117,143 | €168,128 | +€50,985 | +43.5% |
| Financial income | 75/76B | €2,038 | €10,219 | +€8,181 | +401% |
| Recurring financial income | 75 | €2,038 | €10,219 | +€8,181 | +401% |
| Financial charges | 65/66B | €2,535 | €2,211 | -€324 | -12.8% |
| Recurring financial charges | 65 | €2,535 | €2,211 | -€324 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €116,646 | €176,136 | +€59,490 | +51.0% |
| Income taxes | 67/77 | €31,335 | €45,219 | +€13,884 | +44.3% |
| Profit (loss) for the period | 9904 | €85,311 | €130,917 | +€45,606 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,311 | €130,917 | +€45,606 | +53.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.