SEGA-BOIS: 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.
SEGA-BOIS
Largest movements
- Current investments +€500,000
up €500,000 (+50.4%), from €991,453 to €1.5m
- Tangible fixed assets -€274,541
down €274,541 (-18.6%), from €1.5m to €1.2m
of which Furniture and vehicles: -€276,460
- Cash -€210,938
down €210,938 (-17.0%), from €1.2m to €1.0m
mainly Current investments (-€500,000) and Contributions, distributions and other (-€190,000)
- Receivables within one year +€89,689
up €89,689 (+15.1%), from €593,194 to €682,882
of which Other amounts receivable: +€127,920
- Profit (loss) carried forward +€255,318
up €255,318 (+21.6%), from €1.2m to €1.4m
- Tax, wage and social debts -€142,114
down €142,114 (-58.1%), from €244,438 to €102,324
of which Taxes: -€140,425
- Other debts -€45,963
down €45,963 (-8.6%), from €534,199 to €488,236
- Gross operating margin -€255,881
down €255,881 (-17.0%), from €1.5m to €1.3m
- Taxes -€75,072
down €75,072 (-28.9%), from €259,843 to €184,771
- Staff costs +€16,873
up €16,873 (+6.4%), from €262,464 to €279,337
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 | €4,437,361 | €4,554,670 | +€117,308 | +2.6% |
| Fixed assets | 21/28 | €1,478,716 | €1,204,175 | -€274,541 | -18.6% |
| Tangible fixed assets | 22/27 | €1,476,840 | €1,202,298 | -€274,541 | -18.6% |
| Plant, machinery and equipment | 23 | - | €1,918 | +€1,918 | |
| Furniture and vehicles | 24 | €1,476,840 | €1,200,380 | -€276,460 | -18.7% |
| Financial fixed assets | 28 | €1,877 | €1,877 | = | 0.0% |
| Current assets | 29/58 | €2,958,645 | €3,350,495 | +€391,850 | +13.2% |
| Stocks and contracts in progress | 3 | €134,155 | €147,230 | +€13,075 | +9.7% |
| Stocks | 30/36 | €134,155 | €147,230 | +€13,075 | +9.7% |
| Amounts receivable within one year | 40/41 | €593,194 | €682,882 | +€89,689 | +15.1% |
| Trade receivables | 40 | €593,194 | €554,962 | -€38,232 | -6.4% |
| Other amounts receivable | 41 | - | €127,920 | +€127,920 | |
| Current investments | 50/53 | €991,453 | €1,491,453 | +€500,000 | +50.4% |
| Cash at bank and in hand | 54/58 | €1,238,965 | €1,028,027 | -€210,938 | -17.0% |
| Deferred charges and accrued income | 490/1 | €878 | €903 | +€24 | +2.8% |
| Total equity and liabilities | 10/49 | €4,437,361 | €4,554,670 | +€117,308 | +2.6% |
| Equity | 10/15 | €3,602,018 | €3,877,336 | +€275,318 | +7.6% |
| Contributions | 10/11 | €315,697 | €315,697 | = | 0.0% |
| Reserves | 13 | €2,102,189 | €2,122,189 | +€20,000 | +1.0% |
| Non-distributable reserves | 130/1 | €32,189 | €32,189 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,189 | €32,189 | = | 0.0% |
| Distributable reserves | 133 | €2,070,000 | €2,090,000 | +€20,000 | +1.0% |
| Profit (loss) carried forward | 14 | €1,184,132 | €1,439,450 | +€255,318 | +21.6% |
| Amounts payable | 17/49 | €835,343 | €677,334 | -€158,009 | -18.9% |
| Amounts payable within one year | 42/48 | €835,343 | €677,334 | -€158,009 | -18.9% |
| Trade debts | 44 | €56,706 | €86,774 | +€30,068 | +53.0% |
| Suppliers | 440/4 | €56,706 | €86,774 | +€30,068 | +53.0% |
| Taxes, remuneration and social security | 45 | €244,438 | €102,324 | -€142,114 | -58.1% |
| Taxes | 450/3 | €211,231 | €70,806 | -€140,425 | -66.5% |
| Remuneration and social security | 454/9 | €33,206 | €31,517 | -€1,689 | -5.1% |
| Other amounts payable | 47/48 | €534,199 | €488,236 | -€45,963 | -8.6% |
| Remuneration, social security and pensions | 62 | €262,464 | €279,337 | +€16,873 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,211 | €320,947 | +€3,736 | +1.2% |
| Other operating charges | 640/8 | €6,630 | €7,653 | +€1,023 | +15.4% |
| Non-recurring operating charges | 66A | €8,015 | - | -€8,015 | |
| Gross operating margin | 9900 | €1,509,275 | €1,253,394 | -€255,881 | -17.0% |
| Operating profit (loss) | 9901 | €914,956 | €645,458 | -€269,498 | -29.5% |
| Financial income | 75/76B | €5,449 | €5,268 | -€181 | -3.3% |
| Recurring financial income | 75 | €5,449 | €5,268 | -€181 | -3.3% |
| Financial charges | 65/66B | €740 | €637 | -€103 | -13.9% |
| Recurring financial charges | 65 | €740 | €637 | -€103 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €919,664 | €650,089 | -€269,575 | -29.3% |
| Income taxes | 67/77 | €259,843 | €184,771 | -€75,072 | -28.9% |
| Profit (loss) for the period | 9904 | €659,822 | €465,318 | -€194,504 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €659,822 | €465,318 | -€194,504 | -29.5% |
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 30 October 2026 via checked.be.