SEGE: 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.
SEGE
Largest movements
- Cash +€22,026
up €22,026 (+96.4%), from €22,851 to €44,877
mainly Net result for the year (+€22,054) and Deferred charges and accrued income (+€15,269)
- Deferred charges and accrued income -€15,269
down €15,269 (-95.5%), from €15,996 to €727
- Tangible fixed assets -€712
down €712 (-38.3%), from €1,857 to €1,145
of which Furniture and vehicles: -€528
- Profit (loss) carried forward +€22,054
up €22,054 (+99.3%), from -€22,199 to -€145
- Other debts -€15,186
down €15,186 (-37.8%), from €40,186 to €25,000
- Trade debts +€2,930
up €2,930 (+207.6%), from €1,411 to €4,341
- Current portion of long-term debt -€2,294
no longer reported in 2023 (was €2,294)
- Tax, wage and social debts -€1,544
down €1,544 (-12.7%), from €12,154 to €10,610
of which Remuneration and social security: -€7,513
- Gross operating margin -€34,950
down €34,950 (-25.0%), from €139,907 to €104,957
- Depreciation -€13,871
down €13,871 (-95.1%), from €14,583 to €712
- Staff costs +€7,148
up €7,148 (+10.6%), from €67,614 to €74,762
- Taxes +€5,393
up €5,393 (+204.7%), from €2,635 to €8,028
- Financial income +€3,050
up €3,050 (+29578.5%), from €10 to €3,060
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,993 | €53,953 | +€5,960 | +12.4% |
| Fixed assets | 21/28 | €3,444 | €2,732 | -€712 | -20.7% |
| Tangible fixed assets | 22/27 | €1,857 | €1,145 | -€712 | -38.3% |
| Plant, machinery and equipment | 23 | €368 | €184 | -€184 | -50.0% |
| Furniture and vehicles | 24 | €1,489 | €961 | -€528 | -35.5% |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €1,587 | €1,587 | = | 0.0% |
| Current assets | 29/58 | €44,549 | €51,221 | +€6,672 | +15.0% |
| Stocks and contracts in progress | 3 | €5,702 | €5,618 | -€85 | -1.5% |
| Stocks | 30/36 | €5,702 | €5,618 | -€85 | -1.5% |
| Cash at bank and in hand | 54/58 | €22,851 | €44,877 | +€22,026 | +96.4% |
| Deferred charges and accrued income | 490/1 | €15,996 | €727 | -€15,269 | -95.5% |
| Total equity and liabilities | 10/49 | €47,993 | €53,953 | +€5,960 | +12.4% |
| Equity | 10/15 | -€8,052 | €14,001 | +€22,054 | |
| Contributions | 10/11 | €14,146 | €14,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,199 | -€145 | +€22,054 | +99.3% |
| Amounts payable | 17/49 | €56,046 | €39,952 | -€16,094 | -28.7% |
| Amounts payable within one year | 42/48 | €56,046 | €39,952 | -€16,094 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €2,294 | - | -€2,294 | |
| Trade debts | 44 | €1,411 | €4,341 | +€2,930 | +207.6% |
| Suppliers | 440/4 | €1,411 | €4,341 | +€2,930 | +207.6% |
| Taxes, remuneration and social security | 45 | €12,154 | €10,610 | -€1,544 | -12.7% |
| Taxes | 450/3 | €4,641 | €10,610 | +€5,970 | +128.6% |
| Remuneration and social security | 454/9 | €7,513 | - | -€7,513 | |
| Other amounts payable | 47/48 | €40,186 | €25,000 | -€15,186 | -37.8% |
| Remuneration, social security and pensions | 62 | €67,614 | €74,762 | +€7,148 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,583 | €712 | -€13,871 | -95.1% |
| Other operating charges | 640/8 | €2,951 | €365 | -€2,586 | -87.6% |
| Gross operating margin | 9900 | €139,907 | €104,957 | -€34,950 | -25.0% |
| Operating profit (loss) | 9901 | €54,759 | €29,118 | -€25,641 | -46.8% |
| Financial income | 75/76B | €10 | €3,060 | +€3,050 | +29578.5% |
| Recurring financial income | 75 | €10 | €3,060 | +€3,050 | +29578.5% |
| Financial charges | 65/66B | €2,454 | €2,096 | -€358 | -14.6% |
| Recurring financial charges | 65 | €2,454 | €2,096 | -€358 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €52,315 | €30,082 | -€22,233 | -42.5% |
| Income taxes | 67/77 | €2,635 | €8,028 | +€5,393 | +204.7% |
| Profit (loss) for the period | 9904 | €49,680 | €22,054 | -€27,627 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,680 | €22,054 | -€27,627 | -55.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.