SEGERS BEN: 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.
SEGERS BEN
Largest movements
- Tangible fixed assets +€21,482
up €21,482 (+282%), from €7,612 to €29,094
of which Furniture and vehicles: +€21,614
- Cash +€14,858
up €14,858 (+11.6%), from €127,628 to €142,486
mainly Net result for the year (+€19,953) and Depreciation (+€14,720)
- Reserves +€18,000
up €18,000 (+14.0%), from €128,510 to €146,510
of which Distributable reserves: +€18,000
- Debts after one year +€6,842
up €6,842 (+695%), from €985 to €7,827
- Tax, wage and social debts +€4,000
new in 2025: €4,000
- Trade debts +€2,515
up €2,515 (+3,313%), from €76 to €2,591
- Gross operating margin +€23,651
up €23,651 (+32.4%), from €72,977 to €96,627
- Depreciation +€7,192
up €7,192 (+95.5%), from €7,528 to €14,720
- Taxes +€5,362
up €5,362 (+179%), from €3,000 to €8,362
- Financial charges +€3,207
up €3,207 (+1,859%), from €172 to €3,379
- Financial income +€1,986
up €1,986 (+974%), from €204 to €2,190
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.
Derived cash bridge
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 | €173,232 | €206,357 | +€33,125 | +19.1% |
| Fixed assets | 21/28 | €7,712 | €29,194 | +€21,482 | +279% |
| Tangible fixed assets | 22/27 | €7,612 | €29,094 | +€21,482 | +282% |
| Plant, machinery and equipment | 23 | €265 | €133 | -€133 | -50.0% |
| Furniture and vehicles | 24 | €7,347 | €28,961 | +€21,614 | +294% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €165,520 | €177,163 | +€11,643 | +7.0% |
| Amounts receivable within one year | 40/41 | €35,072 | €33,655 | -€1,417 | -4.0% |
| Trade receivables | 40 | €28,470 | €30,413 | +€1,943 | +6.8% |
| Other amounts receivable | 41 | €6,602 | €3,242 | -€3,360 | -50.9% |
| Cash at bank and in hand | 54/58 | €127,628 | €142,486 | +€14,858 | +11.6% |
| Deferred charges and accrued income | 490/1 | €2,821 | €1,023 | -€1,798 | -63.7% |
| Total equity and liabilities | 10/49 | €173,232 | €206,357 | +€33,125 | +19.1% |
| Equity | 10/15 | €163,394 | €183,348 | +€19,953 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,510 | €146,510 | +€18,000 | +14.0% |
| Non-distributable reserves | 130/1 | €4,135 | €4,135 | = | 0.0% |
| Legal reserve | 130 | €4,135 | €4,135 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,700 | €32,700 | = | 0.0% |
| Distributable reserves | 133 | €91,675 | €109,675 | +€18,000 | +19.6% |
| Profit (loss) carried forward | 14 | €16,284 | €18,238 | +€1,953 | +12.0% |
| Amounts payable | 17/49 | €9,838 | €23,009 | +€13,171 | +134% |
| Amounts payable after more than one year | 17 | €985 | €7,827 | +€6,842 | +695% |
| Financial debts | 170/4 | €985 | €7,827 | +€6,842 | +695% |
| Amounts payable within one year | 42/48 | €8,853 | €15,182 | +€6,330 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €4,064 | €3,665 | -€399 | -9.8% |
| Trade debts | 44 | €76 | €2,591 | +€2,515 | +3,313% |
| Suppliers | 440/4 | €76 | €2,591 | +€2,515 | +3,313% |
| Taxes, remuneration and social security | 45 | - | €4,000 | +€4,000 | |
| Taxes | 450/3 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €4,713 | €4,927 | +€214 | +4.5% |
| Non-recurring operating income | 76A | - | €2,740 | +€2,740 | |
| Remuneration, social security and pensions | 62 | €50,133 | €50,479 | +€346 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,528 | €14,720 | +€7,192 | +95.5% |
| Other operating charges | 640/8 | €2,096 | €1,924 | -€172 | -8.2% |
| Gross operating margin | 9900 | €72,977 | €96,627 | +€23,651 | +32.4% |
| Operating profit (loss) | 9901 | €13,221 | €29,505 | +€16,284 | +123% |
| Financial income | 75/76B | €204 | €2,190 | +€1,986 | +974% |
| Recurring financial income | 75 | €204 | €2,190 | +€1,986 | +974% |
| Financial charges | 65/66B | €172 | €3,379 | +€3,207 | +1,859% |
| Recurring financial charges | 65 | €172 | €3,379 | +€3,207 | +1,859% |
| Profit (loss) for the period before taxes | 9903 | €13,252 | €28,315 | +€15,064 | +114% |
| Income taxes | 67/77 | €3,000 | €8,362 | +€5,362 | +179% |
| Profit (loss) for the period | 9904 | €10,252 | €19,953 | +€9,701 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,252 | €19,953 | +€9,701 | +94.6% |
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 20 October 2026 via checked.be.