Segers: 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.
Segers
Largest movements
- Receivables within one year -€10,615
down €10,615 (-33.2%), from €31,982 to €21,367
of which Other amounts receivable: -€8,615
- Tangible fixed assets -€2,833
no longer reported in 2025 (was €2,833)
- Profit (loss) carried forward -€10,120
down €10,120, from €3,389 to -€6,731
- Current portion of long-term debt -€4,335
no longer reported in 2025 (was €4,335)
- Trade debts +€2,063
up €2,063 (+114.3%), from €1,805 to €3,868
- Other debts -€1,506
no longer reported in 2025 (was €1,506)
- Short-term financial debts +€1,298
up €1,298 (+63.7%), from €2,037 to €3,335
- Gross operating margin -€18,188
down €18,188, from €17,219 to -€969
- Other operating charges +€4,826
up €4,826 (+458.9%), from €1,052 to €5,877
- Taxes -€2,041
no longer reported in 2025 (was €2,041)
- Financial charges -€2,008
down €2,008 (-82.0%), from €2,449 to €441
- Depreciation -€1,867
down €1,867 (-39.7%), from €4,700 to €2,833
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,472 | €21,698 | -€13,773 | -38.8% |
| Fixed assets | 21/28 | €2,833 | - | -€2,833 | |
| Tangible fixed assets | 22/27 | €2,833 | - | -€2,833 | |
| Furniture and vehicles | 24 | €2,833 | - | -€2,833 | |
| Current assets | 29/58 | €32,639 | €21,698 | -€10,941 | -33.5% |
| Stocks and contracts in progress | 3 | €125 | €125 | = | 0.0% |
| Stocks | 30/36 | €125 | €125 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,982 | €21,367 | -€10,615 | -33.2% |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €29,982 | €21,367 | -€8,615 | -28.7% |
| Deferred charges and accrued income | 490/1 | €532 | €206 | -€326 | -61.3% |
| Total equity and liabilities | 10/49 | €35,472 | €21,698 | -€13,773 | -38.8% |
| Equity | 10/15 | €21,939 | €11,819 | -€10,120 | -46.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,389 | -€6,731 | -€10,120 | |
| Amounts payable | 17/49 | €13,533 | €9,879 | -€3,653 | -27.0% |
| Amounts payable after more than one year | 17 | €405 | - | -€405 | |
| Financial debts | 170/4 | €405 | - | -€405 | |
| Amounts payable within one year | 42/48 | €13,127 | €9,879 | -€3,248 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €4,335 | - | -€4,335 | |
| Financial debts | 43 | €2,037 | €3,335 | +€1,298 | +63.7% |
| Credit institutions | 430/8 | €2,037 | €3,335 | +€1,298 | +63.7% |
| Trade debts | 44 | €1,805 | €3,868 | +€2,063 | +114.3% |
| Suppliers | 440/4 | €1,805 | €3,868 | +€2,063 | +114.3% |
| Taxes, remuneration and social security | 45 | €3,444 | €2,676 | -€768 | -22.3% |
| Taxes | 450/3 | €3,444 | €676 | -€2,768 | -80.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €1,506 | - | -€1,506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,700 | €2,833 | -€1,867 | -39.7% |
| Other operating charges | 640/8 | €1,052 | €5,877 | +€4,826 | +458.9% |
| Gross operating margin | 9900 | €17,219 | -€969 | -€18,188 | |
| Operating profit (loss) | 9901 | €11,468 | -€9,679 | -€21,147 | |
| Financial charges | 65/66B | €2,449 | €441 | -€2,008 | -82.0% |
| Recurring financial charges | 65 | €2,449 | €441 | -€2,008 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €9,019 | -€10,120 | -€19,139 | |
| Income taxes | 67/77 | €2,041 | - | -€2,041 | |
| Profit (loss) for the period | 9904 | €6,978 | -€10,120 | -€17,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,978 | -€10,120 | -€17,098 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.