SEG Building: 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.
SEG Building
Largest movements
- Receivables within one year +€21,023
up €21,023 (+101%), from €20,818 to €41,841
of which Other amounts receivable: +€20,928
- Stocks and contracts -€16,000
down €16,000 (-80.0%), from €20,000 to €4,000
- Tangible fixed assets +€6,156
up €6,156 (+131%), from €4,685 to €10,841
of which Plant, machinery and equipment: +€6,961
- Cash -€1,611
down €1,611 (-76.4%), from €2,109 to €498
mainly Current portion of long-term debt (-€22,652) and Receivables within one year (-€21,023)
- Trade debts +€28,881
up €28,881 (+308%), from €9,379 to €38,260
- Current portion of long-term debt -€22,652
down €22,652 (-100%), from €22,652 to €0
- Tax, wage and social debts +€2,604
up €2,604 (+17.8%), from €14,631 to €17,235
of which Remuneration and social security: +€7,774
- Staff costs +€11,483
up €11,483 (+30.3%), from €37,872 to €49,355
- Gross operating margin +€10,325
up €10,325 (+23.1%), from €44,738 to €55,063
- Financial income +€1,320
up €1,320 (+666%), from €198 to €1,519
- Depreciation +€1,110
up €1,110 (+49.2%), from €2,255 to €3,364
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 | €50,788 | €60,029 | +€9,241 | +18.2% |
| Fixed assets | 21/28 | €5,676 | €11,583 | +€5,908 | +104% |
| Intangible fixed assets | 21 | €990 | €742 | -€248 | -25.0% |
| Tangible fixed assets | 22/27 | €4,685 | €10,841 | +€6,156 | +131% |
| Plant, machinery and equipment | 23 | €2,612 | €9,573 | +€6,961 | +267% |
| Furniture and vehicles | 24 | €2,073 | €1,268 | -€805 | -38.8% |
| Current assets | 29/58 | €45,113 | €48,446 | +€3,333 | +7.4% |
| Stocks and contracts in progress | 3 | €20,000 | €4,000 | -€16,000 | -80.0% |
| Contracts in progress | 37 | €20,000 | €4,000 | -€16,000 | -80.0% |
| Amounts receivable within one year | 40/41 | €20,818 | €41,841 | +€21,023 | +101% |
| Trade receivables | 40 | €11,970 | €12,064 | +€94 | +0.8% |
| Other amounts receivable | 41 | €8,848 | €29,776 | +€20,928 | +237% |
| Cash at bank and in hand | 54/58 | €2,109 | €498 | -€1,611 | -76.4% |
| Deferred charges and accrued income | 490/1 | €2,186 | €2,107 | -€79 | -3.6% |
| Total equity and liabilities | 10/49 | €50,788 | €60,029 | +€9,241 | +18.2% |
| Equity | 10/15 | €4,127 | €4,534 | +€407 | +9.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,127 | €1,534 | +€407 | +36.2% |
| Distributable reserves | 133 | €1,127 | €1,534 | +€407 | +36.2% |
| Amounts payable | 17/49 | €46,662 | €55,495 | +€8,833 | +18.9% |
| Amounts payable within one year | 42/48 | €46,662 | €55,495 | +€8,833 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €22,652 | €0 | -€22,652 | -100% |
| Trade debts | 44 | €9,379 | €38,260 | +€28,881 | +308% |
| Suppliers | 440/4 | €9,379 | €38,260 | +€28,881 | +308% |
| Taxes, remuneration and social security | 45 | €14,631 | €17,235 | +€2,604 | +17.8% |
| Taxes | 450/3 | €9,948 | €4,778 | -€5,170 | -52.0% |
| Remuneration and social security | 454/9 | €4,683 | €12,456 | +€7,774 | +166% |
| Non-recurring operating income | 76A | €153 | €0 | -€153 | -100% |
| Remuneration, social security and pensions | 62 | €37,872 | €49,355 | +€11,483 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,255 | €3,364 | +€1,110 | +49.2% |
| Other operating charges | 640/8 | €1,015 | €761 | -€254 | -25.0% |
| Gross operating margin | 9900 | €44,738 | €55,063 | +€10,325 | +23.1% |
| Operating profit (loss) | 9901 | €3,597 | €1,583 | -€2,014 | -56.0% |
| Financial income | 75/76B | €198 | €1,519 | +€1,320 | +666% |
| Recurring financial income | 75 | €198 | €1,519 | +€1,320 | +666% |
| Financial charges | 65/66B | €1,886 | €1,778 | -€108 | -5.7% |
| Recurring financial charges | 65 | €1,886 | €1,778 | -€108 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €1,909 | €1,323 | -€586 | -30.7% |
| Income taxes | 67/77 | €782 | €916 | +€134 | +17.1% |
| Profit (loss) for the period | 9904 | €1,127 | €407 | -€719 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,127 | €407 | -€719 | -63.8% |
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 29 October 2026 via checked.be.