SEGALLEX: 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.
SEGALLEX
Largest movements
- Cash +€9,902
up €9,902 (+14.3%), from €69,253 to €79,155
mainly Net result for the year (+€26,537) and Tax, wage and social debts (+€6,008)
- Receivables within one year -€1,708
down €1,708 (-92.0%), from €1,858 to €149
of which Trade receivables: -€1,858
- Tangible fixed assets +€1,188
up €1,188, from €0 to €1,188
of which Furniture and vehicles: +€1,188
- Other debts -€27,832
down €27,832 (-33.0%), from €84,279 to €56,447
- Profit (loss) carried forward +€26,537
up €26,537 (+58.5%), from -€45,338 to -€18,801
- Tax, wage and social debts +€6,008
new in 2025: €6,008
- Trade debts +€4,493
new in 2025: €4,493
- Gross operating margin -€9,232
down €9,232 (-24.0%), from €38,509 to €29,277
- Financial charges -€6,880
down €6,880 (-90.0%), from €7,648 to €768
- Other operating charges +€1,224
up €1,224 (+239.8%), from €510 to €1,734
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 | €71,610 | €81,203 | +€9,593 | +13.4% |
| Fixed assets | 21/28 | €500 | €1,688 | +€1,188 | +237.6% |
| Tangible fixed assets | 22/27 | €0 | €1,188 | +€1,188 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €1,188 | +€1,188 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €71,110 | €79,515 | +€8,405 | +11.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,858 | €149 | -€1,708 | -92.0% |
| Trade receivables | 40 | €1,858 | €0 | -€1,858 | -100.0% |
| Other amounts receivable | 41 | - | €149 | +€149 | |
| Cash at bank and in hand | 54/58 | €69,253 | €79,155 | +€9,902 | +14.3% |
| Deferred charges and accrued income | 490/1 | €0 | €211 | +€211 | |
| Total equity and liabilities | 10/49 | €71,610 | €81,203 | +€9,593 | +13.4% |
| Equity | 10/15 | -€12,832 | €13,705 | +€26,537 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,907 | €13,907 | = | 0.0% |
| Distributable reserves | 133 | €13,907 | €13,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,338 | -€18,801 | +€26,537 | +58.5% |
| Amounts payable | 17/49 | €84,442 | €67,498 | -€16,944 | -20.1% |
| Amounts payable within one year | 42/48 | €84,279 | €66,948 | -€17,331 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | - | €4,493 | +€4,493 | |
| Suppliers | 440/4 | - | €4,493 | +€4,493 | |
| Taxes, remuneration and social security | 45 | - | €6,008 | +€6,008 | |
| Taxes | 450/3 | - | €6,008 | +€6,008 | |
| Other amounts payable | 47/48 | €84,279 | €56,447 | -€27,832 | -33.0% |
| Accrued charges and deferred income | 492/3 | €163 | €550 | +€387 | +237.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €96 | +€96 | |
| Other operating charges | 640/8 | €510 | €1,734 | +€1,224 | +239.8% |
| Non-recurring operating charges | 66A | €9,365 | €0 | -€9,365 | -100.0% |
| Gross operating margin | 9900 | €38,509 | €29,277 | -€9,232 | -24.0% |
| Operating profit (loss) | 9901 | €28,634 | €27,447 | -€1,187 | -4.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €7,648 | €768 | -€6,880 | -90.0% |
| Recurring financial charges | 65 | €7,648 | €768 | -€6,880 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €20,986 | €26,678 | +€5,692 | +27.1% |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | €20,986 | €26,537 | +€5,551 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,986 | €26,537 | +€5,551 | +26.5% |
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 10 October 2026 via checked.be.