SEGACO: 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.
SEGACO
Largest movements
- Cash -€8,059
down €8,059 (-100%), from €8,059 to €0
mainly Net result for the year (-€6,509) and Receivables within one year (-€1,438)
- Receivables within one year +€1,438
up €1,438 (+6.6%), from €21,693 to €23,132
- Reserves -€6,509
down €6,509 (-15.1%), from €43,127 to €36,618
of which Distributable reserves: -€6,509
- Gross operating margin -€15,160
down €15,160, from €11,667 to -€3,492
- Taxes -€762
down €762 (-100%), from €762 to €0
- Other operating charges -€208
down €208 (-5.1%), from €4,056 to €3,848
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 | €71,024 | €64,390 | -€6,634 | -9.3% |
| Fixed assets | 21/28 | €41,246 | €41,151 | -€95 | -0.2% |
| Tangible fixed assets | 22/27 | €41,246 | €41,151 | -€95 | -0.2% |
| Land and buildings | 22 | €41,246 | €41,151 | -€95 | -0.2% |
| Current assets | 29/58 | €29,778 | €23,240 | -€6,539 | -22.0% |
| Amounts receivable within one year | 40/41 | €21,693 | €23,132 | +€1,438 | +6.6% |
| Other amounts receivable | 41 | €21,693 | €23,132 | +€1,438 | +6.6% |
| Cash at bank and in hand | 54/58 | €8,059 | €0 | -€8,059 | -100% |
| Deferred charges and accrued income | 490/1 | €26 | €108 | +€82 | +317% |
| Total equity and liabilities | 10/49 | €71,024 | €64,390 | -€6,634 | -9.3% |
| Equity | 10/15 | €61,719 | €55,210 | -€6,509 | -10.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €43,127 | €36,618 | -€6,509 | -15.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €43,127 | €36,618 | -€6,509 | -15.1% |
| Amounts payable | 17/49 | €9,305 | €9,180 | -€125 | -1.3% |
| Amounts payable within one year | 42/48 | €9,305 | €9,180 | -€125 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | - | €160 | +€160 | |
| Trade debts | 44 | €428 | €189 | -€239 | -55.8% |
| Suppliers | 440/4 | €428 | €189 | -€239 | -55.8% |
| Taxes, remuneration and social security | 45 | €820 | €774 | -€46 | -5.6% |
| Taxes | 450/3 | €820 | €774 | -€46 | -5.6% |
| Other amounts payable | 47/48 | €8,058 | €8,058 | = | 0.0% |
| Non-recurring operating income | 76A | €22,500 | €5,000 | -€17,500 | -77.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95 | €95 | = | 0.0% |
| Other operating charges | 640/8 | €4,056 | €3,848 | -€208 | -5.1% |
| Gross operating margin | 9900 | €11,667 | -€3,492 | -€15,160 | |
| Operating profit (loss) | 9901 | €7,516 | -€7,435 | -€14,952 | |
| Financial income | 75/76B | €1,251 | €1,184 | -€66 | -5.3% |
| Recurring financial income | 75 | €1,251 | €1,184 | -€66 | -5.3% |
| Financial charges | 65/66B | €267 | €258 | -€9 | -3.4% |
| Recurring financial charges | 65 | €267 | €258 | -€9 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €8,500 | -€6,509 | -€15,009 | |
| Income taxes | 67/77 | €762 | €0 | -€762 | -100% |
| Profit (loss) for the period | 9904 | €7,738 | -€6,509 | -€14,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,738 | -€6,509 | -€14,247 |
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 18 October 2026 via checked.be.