SEGERS JEF: 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 JEF
Largest movements
- Cash +€82,975
up €82,975 (+67.6%), from €122,813 to €205,788
mainly Net result for the year (+€66,683) and Stocks and contracts (+€17,150)
- Stocks and contracts -€17,150
down €17,150 (-87.9%), from €19,500 to €2,350
of which Contracts in progress: -€17,000
- Receivables within one year -€7,756
down €7,756 (-54.7%), from €14,185 to €6,429
of which Other amounts receivable: -€4,634
- Reserves +€66,683
up €66,683 (+30.3%), from €219,863 to €286,546
of which Distributable reserves: +€66,683
- Trade debts -€6,755
down €6,755 (-72.7%), from €9,294 to €2,539
- Tax, wage and social debts -€3,583
down €3,583 (-33.6%), from €10,649 to €7,066
of which Remuneration and social security: -€10,649
- Gross operating margin +€22,939
up €22,939 (+33.2%), from €69,036 to €91,974
- Taxes +€7,699
up €7,699 (+44.3%), from €17,367 to €25,066
- Staff costs -€4,112
down €4,112 (-100%), from €4,112 to €0
- Financial income -€1,174
down €1,174 (-19.5%), from €6,009 to €4,834
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 | €262,792 | €319,974 | +€57,182 | +21.8% |
| Fixed assets | 21/28 | €5,267 | €4,381 | -€887 | -16.8% |
| Tangible fixed assets | 22/27 | €5,267 | €4,381 | -€887 | -16.8% |
| Furniture and vehicles | 24 | €3,430 | €2,858 | -€572 | -16.7% |
| Other tangible fixed assets | 26 | €1,838 | €1,523 | -€315 | -17.1% |
| Current assets | 29/58 | €257,525 | €315,593 | +€58,069 | +22.5% |
| Stocks and contracts in progress | 3 | €19,500 | €2,350 | -€17,150 | -87.9% |
| Stocks | 30/36 | €2,500 | €2,350 | -€150 | -6.0% |
| Contracts in progress | 37 | €17,000 | €0 | -€17,000 | -100% |
| Amounts receivable within one year | 40/41 | €14,185 | €6,429 | -€7,756 | -54.7% |
| Trade receivables | 40 | €8,447 | €5,325 | -€3,122 | -37.0% |
| Other amounts receivable | 41 | €5,738 | €1,103 | -€4,634 | -80.8% |
| Current investments | 50/53 | €101,026 | €101,026 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,813 | €205,788 | +€82,975 | +67.6% |
| Total equity and liabilities | 10/49 | €262,792 | €319,974 | +€57,182 | +21.8% |
| Equity | 10/15 | €238,463 | €305,146 | +€66,683 | +28.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €219,863 | €286,546 | +€66,683 | +30.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €218,003 | €284,686 | +€66,683 | +30.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €24,329 | €14,828 | -€9,501 | -39.1% |
| Amounts payable within one year | 42/48 | €24,079 | €14,828 | -€9,251 | -38.4% |
| Trade debts | 44 | €9,294 | €2,539 | -€6,755 | -72.7% |
| Suppliers | 440/4 | €9,294 | €2,539 | -€6,755 | -72.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,649 | €7,066 | -€3,583 | -33.6% |
| Taxes | 450/3 | €0 | €7,066 | +€7,066 | |
| Remuneration and social security | 454/9 | €10,649 | €0 | -€10,649 | -100% |
| Other amounts payable | 47/48 | €4,136 | €5,224 | +€1,087 | +26.3% |
| Accrued charges and deferred income | 492/3 | €250 | €0 | -€250 | -100% |
| Remuneration, social security and pensions | 62 | €4,112 | €0 | -€4,112 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €887 | = | 0.0% |
| Other operating charges | 640/8 | €1,295 | €1,223 | -€72 | -5.6% |
| Gross operating margin | 9900 | €69,036 | €91,974 | +€22,939 | +33.2% |
| Operating profit (loss) | 9901 | €62,741 | €89,864 | +€27,123 | +43.2% |
| Financial income | 75/76B | €6,009 | €4,834 | -€1,174 | -19.5% |
| Recurring financial income | 75 | €6,009 | €4,834 | -€1,174 | -19.5% |
| Financial charges | 65/66B | €3,799 | €2,949 | -€850 | -22.4% |
| Recurring financial charges | 65 | €3,799 | €2,949 | -€850 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €64,951 | €91,749 | +€26,799 | +41.3% |
| Income taxes | 67/77 | €17,367 | €25,066 | +€7,699 | +44.3% |
| Profit (loss) for the period | 9904 | €47,584 | €66,683 | +€19,099 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,584 | €66,683 | +€19,099 | +40.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.