SEEGERS: 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.
SEEGERS
Largest movements
- Cash -€34,713
down €34,713 (-66.9%), from €51,901 to €17,188
mainly Net result for the year (-€33,413) and Investment in fixed assets (net) (-€13,586)
- Receivables within one year +€7,356
up €7,356 (+62.4%), from €11,798 to €19,154
- Deferred charges and accrued income +€2,226
up €2,226 (+1,681%), from €132 to €2,358
- Tangible fixed assets +€1,722
up €1,722 (+7.8%), from €21,972 to €23,694
of which Plant, machinery and equipment: +€6,609
- Profit (loss) carried forward -€33,413
new in 2025: -€33,413
- Other debts +€9,538
up €9,538 (+235%), from €4,051 to €13,588
- Trade debts +€1,952
up €1,952 (+75.5%), from €2,584 to €4,536
- Tax, wage and social debts -€1,486
down €1,486 (-11.8%), from €12,628 to €11,142
of which Taxes: -€1,486
- Gross operating margin -€57,131
down €57,131, from €36,262 to -€20,870
- Taxes -€5,999
down €5,999 (-97.7%), from €6,141 to €141
- Depreciation +€1,936
up €1,936 (+19.5%), from €9,929 to €11,864
- Other operating charges -€615
down €615 (-55.9%), from €1,100 to €484
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 | €85,803 | €62,394 | -€23,409 | -27.3% |
| Fixed assets | 21/28 | €21,972 | €23,694 | +€1,722 | +7.8% |
| Tangible fixed assets | 22/27 | €21,972 | €23,694 | +€1,722 | +7.8% |
| Plant, machinery and equipment | 23 | €2,010 | €8,619 | +€6,609 | +329% |
| Furniture and vehicles | 24 | €19,962 | €10,478 | -€9,484 | -47.5% |
| Other tangible fixed assets | 26 | - | €4,597 | +€4,597 | |
| Current assets | 29/58 | €63,831 | €38,700 | -€25,131 | -39.4% |
| Amounts receivable within one year | 40/41 | €11,798 | €19,154 | +€7,356 | +62.4% |
| Trade receivables | 40 | €11,798 | €19,154 | +€7,356 | +62.4% |
| Cash at bank and in hand | 54/58 | €51,901 | €17,188 | -€34,713 | -66.9% |
| Deferred charges and accrued income | 490/1 | €132 | €2,358 | +€2,226 | +1,681% |
| Total equity and liabilities | 10/49 | €85,803 | €62,394 | -€23,409 | -27.3% |
| Equity | 10/15 | €66,541 | €33,128 | -€33,413 | -50.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €64,541 | €64,541 | = | 0.0% |
| Distributable reserves | 133 | €64,541 | €64,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€33,413 | -€33,413 | |
| Amounts payable | 17/49 | €19,263 | €29,266 | +€10,003 | +51.9% |
| Amounts payable within one year | 42/48 | €19,263 | €29,266 | +€10,003 | +51.9% |
| Trade debts | 44 | €2,584 | €4,536 | +€1,952 | +75.5% |
| Suppliers | 440/4 | €2,584 | €4,536 | +€1,952 | +75.5% |
| Taxes, remuneration and social security | 45 | €12,628 | €11,142 | -€1,486 | -11.8% |
| Taxes | 450/3 | €8,992 | €7,506 | -€1,486 | -16.5% |
| Remuneration and social security | 454/9 | €3,636 | €3,636 | = | 0.0% |
| Other amounts payable | 47/48 | €4,051 | €13,588 | +€9,538 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,929 | €11,864 | +€1,936 | +19.5% |
| Other operating charges | 640/8 | €1,100 | €484 | -€615 | -55.9% |
| Gross operating margin | 9900 | €36,262 | -€20,870 | -€57,131 | |
| Operating profit (loss) | 9901 | €25,234 | -€33,218 | -€58,452 | |
| Financial income | 75/76B | €3 | €1 | -€2 | -70.6% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -70.6% |
| Financial charges | 65/66B | €171 | €54 | -€117 | -68.6% |
| Recurring financial charges | 65 | €171 | €54 | -€117 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €25,066 | -€33,271 | -€58,337 | |
| Income taxes | 67/77 | €6,141 | €141 | -€5,999 | -97.7% |
| Profit (loss) for the period | 9904 | €18,925 | -€33,413 | -€52,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,925 | -€33,413 | -€52,338 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.