SEGERS ET ASSOCIES: what changed
SEGERS ET ASSOCIES
Largest movements
- Receivables within one year +€69,471
up €69,471 (+302%), from €23,021 to €92,492
- Cash -€27,635
down €27,635 (-46.7%), from €59,136 to €31,501
mainly Receivables within one year (-€69,471) and Contributions, distributions and other (-€44,501)
- Deferred charges and accrued income +€23,975
up €23,975 (+32,013%), from €75 to €24,050
- Profit (loss) carried forward +€36,667
no longer reported in 2025 (was -€36,667)
- Other debts +€29,501
up €29,501 (+197%), from €15,000 to €44,501
- Trade debts +€7,500
up €7,500 (+725%), from €1,034 to €8,534
- Tax, wage and social debts -€6,906
down €6,906 (-59.4%), from €11,620 to €4,714
of which Taxes: -€6,719
- Gross operating margin +€112,203
up €112,203 (+322%), from €34,834 to €147,038
- Staff costs -€24,911
down €24,911 (-38.0%), from €65,505 to €40,594
- Taxes +€20,000
new in 2025: €20,000
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,722 | €152,484 | +€66,763 | +77.9% |
| Fixed assets | 21/28 | €3,489 | €4,442 | +€952 | +27.3% |
| Tangible fixed assets | 22/27 | €3,489 | €4,442 | +€952 | +27.3% |
| Furniture and vehicles | 24 | €3,489 | €4,442 | +€952 | +27.3% |
| Current assets | 29/58 | €82,232 | €148,043 | +€65,810 | +80.0% |
| Amounts receivable within one year | 40/41 | €23,021 | €92,492 | +€69,471 | +302% |
| Other amounts receivable | 41 | €23,021 | €92,492 | +€69,471 | +302% |
| Cash at bank and in hand | 54/58 | €59,136 | €31,501 | -€27,635 | -46.7% |
| Deferred charges and accrued income | 490/1 | €75 | €24,050 | +€23,975 | +32,013% |
| Total equity and liabilities | 10/49 | €85,722 | €152,484 | +€66,763 | +77.9% |
| Equity | 10/15 | €58,068 | €94,735 | +€36,667 | +63.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €80,475 | €80,475 | = | 0.0% |
| Tax-exempt reserves | 132 | €475 | €475 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,667 | - | +€36,667 | |
| Amounts payable | 17/49 | €27,654 | €57,750 | +€30,096 | +109% |
| Amounts payable within one year | 42/48 | €27,654 | €57,750 | +€30,096 | +109% |
| Trade debts | 44 | €1,034 | €8,534 | +€7,500 | +725% |
| Suppliers | 440/4 | €1,034 | €8,534 | +€7,500 | +725% |
| Taxes, remuneration and social security | 45 | €11,620 | €4,714 | -€6,906 | -59.4% |
| Taxes | 450/3 | €6,719 | - | -€6,719 | |
| Remuneration and social security | 454/9 | €4,900 | €4,714 | -€186 | -3.8% |
| Other amounts payable | 47/48 | €15,000 | €44,501 | +€29,501 | +197% |
| Remuneration, social security and pensions | 62 | €65,505 | €40,594 | -€24,911 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,019 | €2,897 | -€1,122 | -27.9% |
| Other operating charges | 640/8 | €1,077 | €1,346 | +€269 | +25.0% |
| Gross operating margin | 9900 | €34,834 | €147,038 | +€112,203 | +322% |
| Operating profit (loss) | 9901 | -€35,766 | €102,201 | +€137,967 | |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €980 | €1,032 | +€52 | +5.3% |
| Recurring financial charges | 65 | €980 | €1,032 | +€52 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,733 | €101,168 | +€137,901 | |
| Income taxes | 67/77 | - | €20,000 | +€20,000 | |
| Profit (loss) for the period | 9904 | -€36,733 | €81,168 | +€117,901 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,733 | €81,168 | +€117,901 |
Next steps
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 7 November 2026 via checked.be.