ELKE 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.
ELKE SEGERS
Largest movements
- Cash +€22,321
up €22,321 (+81.7%), from €27,331 to €49,652
mainly Net result for the year (+€26,285) and Trade debts (+€6,705)
- Receivables within one year +€993
up €993 (+8.4%), from €11,828 to €12,822
of which Other amounts receivable: +€1,670
- Reserves +€26,285
up €26,285 (+173%), from €15,172 to €41,458
- Tax, wage and social debts -€8,512
down €8,512 (-57.4%), from €14,831 to €6,319
of which Taxes: -€8,552
- Trade debts +€6,705
up €6,705 (+485%), from €1,382 to €8,087
- Accrued charges and deferred income -€1,037
down €1,037 (-30.6%), from €3,391 to €2,353
- Gross operating margin +€15,740
up €15,740 (+72.0%), from €21,850 to €37,590
- Taxes +€4,683
up €4,683 (+76.2%), from €6,147 to €10,830
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,776 | €63,242 | +€23,465 | +59.0% |
| Current assets | 29/58 | €39,776 | €63,242 | +€23,465 | +59.0% |
| Amounts receivable within one year | 40/41 | €11,828 | €12,822 | +€993 | +8.4% |
| Trade receivables | 40 | €11,828 | €11,152 | -€676 | -5.7% |
| Other amounts receivable | 41 | - | €1,670 | +€1,670 | |
| Cash at bank and in hand | 54/58 | €27,331 | €49,652 | +€22,321 | +81.7% |
| Deferred charges and accrued income | 490/1 | €617 | €768 | +€151 | +24.5% |
| Total equity and liabilities | 10/49 | €39,776 | €63,242 | +€23,465 | +59.0% |
| Equity | 10/15 | €20,172 | €46,458 | +€26,285 | +130% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,172 | €41,458 | +€26,285 | +173% |
| Distributable reserves | 133 | €15,172 | €41,458 | +€26,285 | +173% |
| Amounts payable | 17/49 | €19,604 | €16,784 | -€2,820 | -14.4% |
| Amounts payable within one year | 42/48 | €16,213 | €14,431 | -€1,783 | -11.0% |
| Trade debts | 44 | €1,382 | €8,087 | +€6,705 | +485% |
| Suppliers | 440/4 | €1,382 | €8,087 | +€6,705 | +485% |
| Taxes, remuneration and social security | 45 | €14,831 | €6,319 | -€8,512 | -57.4% |
| Taxes | 450/3 | €14,671 | €6,119 | -€8,552 | -58.3% |
| Remuneration and social security | 454/9 | €160 | €200 | +€40 | +25.0% |
| Other amounts payable | 47/48 | - | €25 | +€25 | |
| Accrued charges and deferred income | 492/3 | €3,391 | €2,353 | -€1,037 | -30.6% |
| Other operating charges | 640/8 | €499 | €402 | -€97 | -19.5% |
| Gross operating margin | 9900 | €21,850 | €37,590 | +€15,740 | +72.0% |
| Operating profit (loss) | 9901 | €21,351 | €37,188 | +€15,837 | +74.2% |
| Financial charges | 65/66B | €31 | €72 | +€41 | +131% |
| Recurring financial charges | 65 | €31 | €72 | +€41 | +131% |
| Profit (loss) for the period before taxes | 9903 | €21,319 | €37,115 | +€15,796 | +74.1% |
| Income taxes | 67/77 | €6,147 | €10,830 | +€4,683 | +76.2% |
| Profit (loss) for the period | 9904 | €15,172 | €26,285 | +€11,113 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,172 | €26,285 | +€11,113 | +73.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.