SEG CONSTRUCT ENGENEERING: 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 CONSTRUCT ENGENEERING
Largest movements
- Receivables within one year +€268,302
up €268,302 (+132.1%), from €203,147 to €471,449
of which Trade receivables: +€361,462
- Cash +€12,611
up €12,611 (+153.2%), from €8,234 to €20,845
mainly Trade debts (+€211,400) and Net result for the year (+€54,108)
- Tangible fixed assets -€9,701
down €9,701 (-33.9%), from €28,649 to €18,949
of which Furniture and vehicles: -€16,331
- Trade debts +€211,400
up €211,400 (+164.2%), from €128,776 to €340,176
- Profit (loss) carried forward +€54,108
up €54,108 (+56.0%), from €96,535 to €150,643
- Gross operating margin +€37,193
up €37,193 (+43.4%), from €85,606 to €122,799
- Staff costs +€12,625
up €12,625 (+106.1%), from €11,900 to €24,525
- Taxes +€7,844
up €7,844 (+55.8%), from €14,061 to €21,905
- Financial income -€4,534
down €4,534 (-63.6%), from €7,124 to €2,590
- Depreciation +€4,025
up €4,025 (+25.2%), from €15,975 to €20,000
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.
Cash bridge derived
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 | €262,859 | €530,929 | +€268,070 | +102.0% |
| Fixed assets | 21/28 | €34,235 | €24,249 | -€9,986 | -29.2% |
| Tangible fixed assets | 22/27 | €28,649 | €18,949 | -€9,701 | -33.9% |
| Plant, machinery and equipment | 23 | €2,819 | €9,449 | +€6,630 | +235.2% |
| Furniture and vehicles | 24 | €25,830 | €9,499 | -€16,331 | -63.2% |
| Financial fixed assets | 28 | €5,585 | €5,300 | -€285 | -5.1% |
| Current assets | 29/58 | €228,624 | €506,680 | +€278,056 | +121.6% |
| Amounts receivable within one year | 40/41 | €203,147 | €471,449 | +€268,302 | +132.1% |
| Trade receivables | 40 | €45,205 | €406,667 | +€361,462 | +799.6% |
| Other amounts receivable | 41 | €157,941 | €64,781 | -€93,160 | -59.0% |
| Cash at bank and in hand | 54/58 | €8,234 | €20,845 | +€12,611 | +153.2% |
| Deferred charges and accrued income | 490/1 | €17,243 | €14,386 | -€2,857 | -16.6% |
| Total equity and liabilities | 10/49 | €262,859 | €530,929 | +€268,070 | +102.0% |
| Equity | 10/15 | €101,535 | €155,643 | +€54,108 | +53.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,535 | €150,643 | +€54,108 | +56.0% |
| Amounts payable | 17/49 | €161,323 | €375,285 | +€213,962 | +132.6% |
| Amounts payable within one year | 42/48 | €160,723 | €375,217 | +€214,494 | +133.5% |
| Trade debts | 44 | €128,776 | €340,176 | +€211,400 | +164.2% |
| Suppliers | 440/4 | €128,776 | €340,176 | +€211,400 | +164.2% |
| Taxes, remuneration and social security | 45 | €31,948 | €35,041 | +€3,093 | +9.7% |
| Taxes | 450/3 | €23,335 | €21,661 | -€1,674 | -7.2% |
| Remuneration and social security | 454/9 | €8,613 | €13,380 | +€4,767 | +55.4% |
| Accrued charges and deferred income | 492/3 | €600 | €68 | -€532 | -88.7% |
| Non-recurring operating income | 76A | €1,151 | €650 | -€501 | -43.5% |
| Remuneration, social security and pensions | 62 | €11,900 | €24,525 | +€12,625 | +106.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,975 | €20,000 | +€4,025 | +25.2% |
| Other operating charges | 640/8 | €733 | €2,455 | +€1,722 | +235.0% |
| Non-recurring operating charges | 66A | - | €869 | +€869 | |
| Gross operating margin | 9900 | €85,606 | €122,799 | +€37,193 | +43.4% |
| Operating profit (loss) | 9901 | €56,999 | €74,950 | +€17,951 | +31.5% |
| Financial income | 75/76B | €7,124 | €2,590 | -€4,534 | -63.6% |
| Recurring financial income | 75 | €7,124 | €2,590 | -€4,534 | -63.6% |
| Financial charges | 65/66B | €1,995 | €1,526 | -€468 | -23.5% |
| Recurring financial charges | 65 | €1,995 | €1,526 | -€468 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €62,128 | €76,013 | +€13,885 | +22.3% |
| Income taxes | 67/77 | €14,061 | €21,905 | +€7,844 | +55.8% |
| Profit (loss) for the period | 9904 | €48,067 | €54,108 | +€6,041 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,067 | €54,108 | +€6,041 | +12.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.