SEGERS BOUW: what changed
What changed
SEGERS BOUW
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€66,052
2024 · €16,049+€50,002
Equity
€283,968
2024 · €217,916+€66,052
Cash
€136,780
2024 · €93,953+€42,827
Balance sheet total
€438,949
2024 · €435,203+€3,745
Largest movements
Assets
- Cash +€42,827
up €42,827 (+45.6%), from €93,953 to €136,780
mainly Net result for the year (+€66,052) and Depreciation (+€34,850)
- Tangible fixed assets -€27,247
down €27,247 (-12.4%), from €219,694 to €192,446
of which Furniture and vehicles: -€20,205
- Receivables within one year -€10,948
down €10,948 (-9.4%), from €116,494 to €105,546
of which Trade receivables: -€33,019
Equity and liabilities
- Reserves +€66,052
up €66,052 (+36.2%), from €182,573 to €248,624
of which Distributable reserves: +€66,052
- Trade debts -€51,886
down €51,886 (-58.1%), from €89,375 to €37,489
- Accrued charges and deferred income -€4,654
down €4,654 (-38.4%), from €12,134 to €7,480
- Current portion of long-term debt -€4,391
no longer reported in 2025 (was €4,391)
Income statement
- Gross operating margin +€87,645
up €87,645 (+71.2%), from €123,126 to €210,771
- Taxes +€24,028
up €24,028 (+267%), from €9,008 to €33,036
- Staff costs +€10,972
up €10,972 (+21.0%), from €52,167 to €63,139
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,049
Gross operating margin
+€87,645
Staff costs
-€10,972
Depreciation
+€1,505
Other operating charges
-€2,010
Financial income
-€1,152
Financial charges
-€984
Taxes
-€24,028
Result 2025
€66,052
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€54,729
Investment
-€7,511
Financing
-€4,391
Cash 2024
€93,953
From operations (derived)
+€54,729
Net result for the year
+€66,052
Depreciation
+€34,850
Receivables within one year
+€10,948
Deferred charges and accrued income
+€794
Trade debts
-€51,886
Tax, wage and social debts
+€1,598
Other debts
-€2,973
Accrued charges and deferred income
-€4,654
Investment (derived)
-€7,511
Investment in fixed assets (net)
-€7,511
Financing
-€4,391
Current portion of long-term debt
-€4,391
Cash 2025
€136,780
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,203 | €438,949 | +€3,745 | +0.9% |
| Fixed assets | 21/28 | €220,795 | €193,456 | -€27,339 | -12.4% |
| Intangible fixed assets | 21 | €892 | €800 | -€92 | -10.3% |
| Tangible fixed assets | 22/27 | €219,694 | €192,446 | -€27,247 | -12.4% |
| Land and buildings | 22 | €129,960 | €125,778 | -€4,182 | -3.2% |
| Plant, machinery and equipment | 23 | €16,917 | €14,451 | -€2,467 | -14.6% |
| Furniture and vehicles | 24 | €65,688 | €45,483 | -€20,205 | -30.8% |
| Leasing and similar rights | 25 | €7,128 | €6,735 | -€394 | -5.5% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €214,408 | €245,492 | +€31,084 | +14.5% |
| Amounts receivable within one year | 40/41 | €116,494 | €105,546 | -€10,948 | -9.4% |
| Trade receivables | 40 | €58,427 | €25,408 | -€33,019 | -56.5% |
| Other amounts receivable | 41 | €58,068 | €80,139 | +€22,071 | +38.0% |
| Cash at bank and in hand | 54/58 | €93,953 | €136,780 | +€42,827 | +45.6% |
| Deferred charges and accrued income | 490/1 | €3,960 | €3,166 | -€794 | -20.1% |
| Total equity and liabilities | 10/49 | €435,203 | €438,949 | +€3,745 | +0.9% |
| Equity | 10/15 | €217,916 | €283,968 | +€66,052 | +30.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €182,573 | €248,624 | +€66,052 | +36.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €180,573 | €246,624 | +€66,052 | +36.6% |
| Profit (loss) carried forward | 14 | €15,343 | €15,343 | = | 0.0% |
| Amounts payable | 17/49 | €217,287 | €154,981 | -€62,307 | -28.7% |
| Amounts payable within one year | 42/48 | €205,153 | €147,501 | -€57,652 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €4,391 | - | -€4,391 | |
| Trade debts | 44 | €89,375 | €37,489 | -€51,886 | -58.1% |
| Suppliers | 440/4 | €89,375 | €37,489 | -€51,886 | -58.1% |
| Taxes, remuneration and social security | 45 | €10,790 | €12,388 | +€1,598 | +14.8% |
| Taxes | 450/3 | €6,488 | €8,255 | +€1,767 | +27.2% |
| Remuneration and social security | 454/9 | €4,302 | €4,133 | -€168 | -3.9% |
| Other amounts payable | 47/48 | €100,597 | €97,624 | -€2,973 | -3.0% |
| Accrued charges and deferred income | 492/3 | €12,134 | €7,480 | -€4,654 | -38.4% |
| Remuneration, social security and pensions | 62 | €52,167 | €63,139 | +€10,972 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,355 | €34,850 | -€1,505 | -4.1% |
| Other operating charges | 640/8 | €2,847 | €4,857 | +€2,010 | +70.6% |
| Gross operating margin | 9900 | €123,126 | €210,771 | +€87,645 | +71.2% |
| Operating profit (loss) | 9901 | €31,758 | €107,925 | +€76,167 | +240% |
| Financial income | 75/76B | €1,222 | €70 | -€1,152 | -94.3% |
| Recurring financial income | 75 | €1,222 | €70 | -€1,152 | -94.3% |
| Financial charges | 65/66B | €7,923 | €8,907 | +€984 | +12.4% |
| Recurring financial charges | 65 | €7,923 | €8,907 | +€984 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €25,057 | €99,087 | +€74,031 | +295% |
| Income taxes | 67/77 | €9,008 | €33,036 | +€24,028 | +267% |
| Profit (loss) for the period | 9904 | €16,049 | €66,052 | +€50,002 | +312% |
| Profit (loss) for the period to be appropriated | 9905 | €16,049 | €66,052 | +€50,002 | +312% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.