SEGAR: what changed
Two fiscal 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.
SEGAR
Largest movements
- Receivables within one year +€366
up €366 (+43.3%), from €845 to €1,211
- Cash -€46
down €46 (-53.7%), from €85 to €39
mainly Net result for the year (-€2,517) and Trade debts (-€397)
- Other debts +€3,234
up €3,234 (+46.6%), from €6,941 to €10,175
- Profit (loss) carried forward -€2,517
down €2,517 (-26.6%), from -€9,471 to -€11,989
- Trade debts -€397
down €397 (-86.1%), from €460 to €64
- Gross operating margin +€1,411
up €1,411 (+42.6%), from -€3,314 to -€1,903
- Other operating charges +€400
up €400 (+626.5%), from €64 to €464
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 | €930 | €1,250 | +€320 | +34.4% |
| Current assets | 29/58 | €930 | €1,250 | +€320 | +34.4% |
| Amounts receivable within one year | 40/41 | €845 | €1,211 | +€366 | +43.3% |
| Other amounts receivable | 41 | €845 | €1,211 | +€366 | +43.3% |
| Cash at bank and in hand | 54/58 | €85 | €39 | -€46 | -53.7% |
| Total equity and liabilities | 10/49 | €930 | €1,250 | +€320 | +34.4% |
| Equity | 10/15 | -€6,471 | -€8,989 | -€2,517 | -38.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,471 | -€11,989 | -€2,517 | -26.6% |
| Amounts payable | 17/49 | €7,402 | €10,239 | +€2,837 | +38.3% |
| Amounts payable within one year | 42/48 | €7,402 | €10,239 | +€2,837 | +38.3% |
| Trade debts | 44 | €460 | €64 | -€397 | -86.1% |
| Suppliers | 440/4 | €460 | €64 | -€397 | -86.1% |
| Other amounts payable | 47/48 | €6,941 | €10,175 | +€3,234 | +46.6% |
| Other operating charges | 640/8 | €64 | €464 | +€400 | +626.5% |
| Gross operating margin | 9900 | -€3,314 | -€1,903 | +€1,411 | +42.6% |
| Operating profit (loss) | 9901 | -€3,378 | -€2,367 | +€1,011 | +29.9% |
| Financial charges | 65/66B | €135 | €151 | +€16 | +11.6% |
| Recurring financial charges | 65 | €135 | €151 | +€16 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,513 | -€2,517 | +€995 | +28.3% |
| Profit (loss) for the period | 9904 | -€3,513 | -€2,517 | +€995 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,513 | -€2,517 | +€995 | +28.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.