SEGAMI: 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.
SEGAMI
Largest movements
- Cash +€34
up €34 (+351.5%), from €10 to €44
mainly Other debts (+€1,674) and Trade debts (+€154)
- Profit (loss) carried forward -€1,781
down €1,781 (-3.7%), from -€47,891 to -€49,671
- Other debts +€1,674
up €1,674 (+12.3%), from €13,588 to €15,262
- Trade debts +€154
up €154 (+7.4%), from €2,082 to €2,235
- Accrued charges and deferred income -€13
down €13 (-100.0%), from €13 to €0
- Depreciation -€451
down €451 (-100.0%), from €451 to €0
- Write-downs +€427
up €427, from -€427 to €0
- Gross operating margin -€259
down €259 (-26.8%), from -€969 to -€1,228
- Financial charges -€65
down €65 (-29.7%), from €218 to €153
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €58 | €93 | +€34 | +58.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €58 | €93 | +€34 | +58.9% |
| Amounts receivable within one year | 40/41 | €49 | €49 | = | 0.0% |
| Other amounts receivable | 41 | €49 | €49 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10 | €44 | +€34 | +351.5% |
| Total equity and liabilities | 10/49 | €58 | €93 | +€34 | +58.9% |
| Equity | 10/15 | -€25,931 | -€27,711 | -€1,781 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,360 | €3,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,891 | -€49,671 | -€1,781 | -3.7% |
| Amounts payable | 17/49 | €25,989 | €27,804 | +€1,815 | +7.0% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,976 | €17,804 | +€1,828 | +11.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,082 | €2,235 | +€154 | +7.4% |
| Suppliers | 440/4 | €2,082 | €2,235 | +€154 | +7.4% |
| Taxes, remuneration and social security | 45 | €306 | €306 | = | 0.0% |
| Taxes | 450/3 | €306 | €306 | = | 0.0% |
| Other amounts payable | 47/48 | €13,588 | €15,262 | +€1,674 | +12.3% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451 | €0 | -€451 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€427 | €0 | +€427 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €427 | €0 | -€427 | -100.0% |
| Gross operating margin | 9900 | -€969 | -€1,228 | -€259 | -26.8% |
| Operating profit (loss) | 9901 | -€1,807 | -€1,628 | +€179 | +9.9% |
| Financial charges | 65/66B | €218 | €153 | -€65 | -29.7% |
| Recurring financial charges | 65 | €218 | €153 | -€65 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,025 | -€1,781 | +€244 | +12.1% |
| Income taxes | 67/77 | -€0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€2,024 | -€1,781 | +€244 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,024 | -€1,781 | +€244 | +12.0% |
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 9 October 2026 via checked.be.