ELECTRO SEGERS: what changed
ELECTRO SEGERS
Largest movements
- Receivables after one year +€87,000
new in 2025: €87,000
- Cash -€73,364
down €73,364 (-79.6%), from €92,177 to €18,813
mainly Receivables after one year (-€87,000) and Receivables within one year (-€64,557)
- Receivables within one year +€64,557
up €64,557 (+70.4%), from €91,653 to €156,211
of which Trade receivables: +€64,784
- Stocks and contracts +€38,560
up €38,560 (+53.3%), from €72,291 to €110,851
- Tangible fixed assets -€14,137
down €14,137 (-5.6%), from €251,713 to €237,576
of which Land and buildings: -€7,820
- Trade debts +€77,097
up €77,097 (+6,338%), from €1,216 to €78,313
- Other debts +€59,325
new in 2025: €59,325
- Reserves -€22,447
down €22,447 (-10.7%), from €210,066 to €187,620
of which Distributable reserves: -€22,447
- Current portion of long-term debt -€12,946
down €12,946 (-92.4%), from €14,004 to €1,058
- Profit (loss) carried forward +€7,639
up €7,639 (+3.3%), from €231,605 to €239,244
- Gross operating margin +€41,056
up €41,056 (+13.0%), from €314,897 to €355,953
- Taxes +€18,506
up €18,506 (+473%), from €3,913 to €22,419
- Other operating charges -€8,639
down €8,639 (-67.6%), from €12,788 to €4,149
- Depreciation -€7,238
down €7,238 (-16.0%), from €45,325 to €38,087
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,834 | €610,451 | +€102,616 | +20.2% |
| Fixed assets | 21/28 | €251,713 | €237,576 | -€14,137 | -5.6% |
| Tangible fixed assets | 22/27 | €251,713 | €237,576 | -€14,137 | -5.6% |
| Land and buildings | 22 | €200,660 | €192,840 | -€7,820 | -3.9% |
| Plant, machinery and equipment | 23 | €8,297 | €5,281 | -€3,016 | -36.3% |
| Furniture and vehicles | 24 | €42,756 | €39,455 | -€3,301 | -7.7% |
| Current assets | 29/58 | €256,121 | €372,874 | +€116,753 | +45.6% |
| Amounts receivable after more than one year | 29 | - | €87,000 | +€87,000 | |
| Other amounts receivable | 291 | - | €87,000 | +€87,000 | |
| Stocks and contracts in progress | 3 | €72,291 | €110,851 | +€38,560 | +53.3% |
| Stocks | 30/36 | €72,291 | €110,851 | +€38,560 | +53.3% |
| Amounts receivable within one year | 40/41 | €91,653 | €156,211 | +€64,557 | +70.4% |
| Trade receivables | 40 | €37,772 | €102,556 | +€64,784 | +172% |
| Other amounts receivable | 41 | €53,881 | €53,655 | -€226 | -0.4% |
| Cash at bank and in hand | 54/58 | €92,177 | €18,813 | -€73,364 | -79.6% |
| Total equity and liabilities | 10/49 | €507,834 | €610,451 | +€102,616 | +20.2% |
| Equity | 10/15 | €461,672 | €446,864 | -€14,808 | -3.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €210,066 | €187,620 | -€22,447 | -10.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €208,066 | €185,620 | -€22,447 | -10.8% |
| Profit (loss) carried forward | 14 | €231,605 | €239,244 | +€7,639 | +3.3% |
| Amounts payable | 17/49 | €46,162 | €163,587 | +€117,424 | +254% |
| Amounts payable after more than one year | 17 | €7,229 | - | -€7,229 | |
| Financial debts | 170/4 | €7,229 | - | -€7,229 | |
| Amounts payable within one year | 42/48 | €38,934 | €163,587 | +€124,653 | +320% |
| Current portion of amounts payable after more than one year | 42 | €14,004 | €1,058 | -€12,946 | -92.4% |
| Trade debts | 44 | €1,216 | €78,313 | +€77,097 | +6,338% |
| Suppliers | 440/4 | €1,216 | €78,313 | +€77,097 | +6,338% |
| Taxes, remuneration and social security | 45 | €23,713 | €24,891 | +€1,178 | +5.0% |
| Taxes | 450/3 | €4,365 | €5,541 | +€1,177 | +27.0% |
| Remuneration and social security | 454/9 | €19,348 | €19,349 | +€1 | 0.0% |
| Other amounts payable | 47/48 | - | €59,325 | +€59,325 | |
| Remuneration, social security and pensions | 62 | €238,781 | €241,095 | +€2,313 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,325 | €38,087 | -€7,238 | -16.0% |
| Other operating charges | 640/8 | €12,788 | €4,149 | -€8,639 | -67.6% |
| Gross operating margin | 9900 | €314,897 | €355,953 | +€41,056 | +13.0% |
| Operating profit (loss) | 9901 | €18,003 | €72,623 | +€54,620 | +303% |
| Financial income | 75/76B | €1,234 | €3,613 | +€2,378 | +193% |
| Recurring financial income | 75 | €1,234 | €3,613 | +€2,378 | +193% |
| Financial charges | 65/66B | €6,749 | €6,177 | -€571 | -8.5% |
| Recurring financial charges | 65 | €6,749 | €6,177 | -€571 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €12,489 | €70,058 | +€57,569 | +461% |
| Income taxes | 67/77 | €3,913 | €22,419 | +€18,506 | +473% |
| Profit (loss) for the period | 9904 | €8,576 | €47,639 | +€39,063 | +455% |
| Profit (loss) for the period to be appropriated | 9905 | €8,576 | €47,639 | +€39,063 | +455% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.