Sedgwick Belgium: what changed
What changed
Sedgwick Belgium
NACE 66.210, Risk and damage evaluation
filed annual accounts (NBB)
Net result for the year
-€570,516
2023 · -€676,728+€106,212
Equity
-€1.0m
2023 · -€447,917-€570,516
Cash
€340,601
2023 · €135,050+€205,551
Balance sheet total
€3.2m
2023 · €5.0m-€1.8m
Largest movements
Assets
- Receivables within one year -€2.0m
down €2.0m (-89.1%), from €2.3m to €249,251
of which Other amounts receivable: -€1.3m
- Cash +€205,551
up €205,551 (+152%), from €135,050 to €340,601
mainly Receivables within one year (+€2.0m) and Trade debts (+€502,590)
- Stocks and contracts +€59,229
up €59,229 (+8.9%), from €662,779 to €722,008
Equity and liabilities
- Other debts -€1.9m
down €1.9m (-93.8%), from €2.0m to €126,897
- Profit (loss) carried forward -€570,516
down €570,516 (-111%), from -€516,088 to -€1.1m
- Trade debts +€502,590
up €502,590 (+18.2%), from €2.8m to €3.3m
- Tax, wage and social debts +€197,223
up €197,223 (+30.7%), from €641,412 to €838,635
of which Taxes: +€104,153
Income statement
- Gross operating margin +€599,895
up €599,895 (+34.0%), from €1.8m to €2.4m
- Staff costs +€474,371
up €474,371 (+22.1%), from €2.1m to €2.6m
- Financial charges +€76,255
up €76,255 (+93.3%), from €81,754 to €158,009
- Write-downs -€33,552
down €33,552 (-81.8%), from €41,042 to €7,490
- Taxes -€24,749
down €24,749 (-30.0%), from €82,507 to €57,758
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€676,728
Gross operating margin
+€599,895
Staff costs
-€474,371
Depreciation
+€11,949
Write-downs
+€33,552
Other operating charges
-€9,842
Financial income
-€3,466
Financial charges
-€76,255
Taxes
+€24,749
Result 2024
-€570,516
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€241,576
Investment
-€36,025
Financing
€0
Cash 2023
€135,050
From operations (derived)
+€241,576
Net result for the year
-€570,516
Depreciation
+€46,452
Stocks and contracts
-€59,229
Receivables within one year
+€2.0m
Deferred charges and accrued income
-€480
Trade debts
+€502,590
Tax, wage and social debts
+€197,223
Other debts
-€1.9m
Investment (derived)
-€36,025
Investment in fixed assets (net)
-€36,025
Cash 2024
€340,601
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,995,638 | €3,215,030 | -€1.8m | -35.6% |
| Fixed assets | 21/28 | €1,913,117 | €1,902,689 | -€10,427 | -0.5% |
| Tangible fixed assets | 22/27 | €36,592 | €26,164 | -€10,427 | -28.5% |
| Furniture and vehicles | 24 | €34,246 | €24,856 | -€9,390 | -27.4% |
| Other tangible fixed assets | 26 | €2,346 | €1,308 | -€1,038 | -44.2% |
| Financial fixed assets | 28 | €1,876,525 | €1,876,525 | = | 0.0% |
| Current assets | 29/58 | €3,082,521 | €1,312,341 | -€1.8m | -57.4% |
| Stocks and contracts in progress | 3 | €662,779 | €722,008 | +€59,229 | +8.9% |
| Contracts in progress | 37 | €662,779 | €722,008 | +€59,229 | +8.9% |
| Amounts receivable within one year | 40/41 | €2,284,692 | €249,251 | -€2.0m | -89.1% |
| Trade receivables | 40 | €963,561 | €239,838 | -€723,722 | -75.1% |
| Other amounts receivable | 41 | €1,321,131 | €9,413 | -€1.3m | -99.3% |
| Cash at bank and in hand | 54/58 | €135,050 | €340,601 | +€205,551 | +152% |
| Deferred charges and accrued income | 490/1 | - | €480 | +€480 | |
| Total equity and liabilities | 10/49 | €4,995,638 | €3,215,030 | -€1.8m | -35.6% |
| Equity | 10/15 | -€447,917 | -€1,018,433 | -€570,516 | -127% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€516,088 | -€1,086,604 | -€570,516 | -111% |
| Amounts payable | 17/49 | €5,443,555 | €4,233,464 | -€1.2m | -22.2% |
| Amounts payable within one year | 42/48 | €5,443,555 | €4,233,464 | -€1.2m | -22.2% |
| Trade debts | 44 | €2,765,342 | €3,267,932 | +€502,590 | +18.2% |
| Suppliers | 440/4 | €2,765,342 | €3,267,932 | +€502,590 | +18.2% |
| Taxes, remuneration and social security | 45 | €641,412 | €838,635 | +€197,223 | +30.7% |
| Taxes | 450/3 | €210,913 | €315,066 | +€104,153 | +49.4% |
| Remuneration and social security | 454/9 | €430,499 | €523,569 | +€93,070 | +21.6% |
| Other amounts payable | 47/48 | €2,036,801 | €126,897 | -€1.9m | -93.8% |
| Non-recurring operating income | 76A | - | €46,771 | +€46,771 | |
| Remuneration, social security and pensions | 62 | €2,142,401 | €2,616,772 | +€474,371 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,401 | €46,452 | -€11,949 | -20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,042 | €7,490 | -€33,552 | -81.8% |
| Other operating charges | 640/8 | €36,781 | €46,623 | +€9,842 | +26.8% |
| Gross operating margin | 9900 | €1,762,275 | €2,362,170 | +€599,895 | +34.0% |
| Operating profit (loss) | 9901 | -€516,350 | -€355,166 | +€161,184 | +31.2% |
| Financial income | 75/76B | €3,884 | €417 | -€3,466 | -89.3% |
| Recurring financial income | 75 | €3,884 | €417 | -€3,466 | -89.3% |
| Financial charges | 65/66B | €81,754 | €158,009 | +€76,255 | +93.3% |
| Recurring financial charges | 65 | €81,754 | €158,009 | +€76,255 | +93.3% |
| Profit (loss) for the period before taxes | 9903 | -€594,221 | -€512,758 | +€81,462 | +13.7% |
| Income taxes | 67/77 | €82,507 | €57,758 | -€24,749 | -30.0% |
| Profit (loss) for the period | 9904 | -€676,728 | -€570,516 | +€106,212 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€676,728 | -€570,516 | +€106,212 | +15.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.