SEGERS JORIS: 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 JORIS
Largest movements
- Cash -€29,564
down €29,564 (-24.3%), from €121,515 to €91,951
mainly Other debts (-€36,866) and Receivables within one year (-€6,876)
- Tangible fixed assets -€8,895
down €8,895 (-23.6%), from €37,763 to €28,868
of which Leasing and similar rights: -€8,305
- Receivables within one year +€6,876
up €6,876 (+306%), from €2,248 to €9,124
of which Other amounts receivable: +€6,526
- Other debts -€36,866
down €36,866 (-98.9%), from €37,265 to €398
- Reserves +€9,494
up €9,494 (+11.0%), from €86,479 to €95,973
- Debts after one year -€5,294
down €5,294 (-20.3%), from €26,019 to €20,725
- Trade debts +€1,655
up €1,655 (+731%), from €227 to €1,882
- Gross operating margin -€16,113
down €16,113 (-36.6%), from €44,083 to €27,970
- Taxes -€2,906
down €2,906 (-50.5%), from €5,753 to €2,847
- Depreciation +€1,275
up €1,275 (+14.4%), from €8,884 to €10,160
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 | €162,371 | €131,256 | -€31,114 | -19.2% |
| Fixed assets | 21/28 | €37,763 | €28,868 | -€8,895 | -23.6% |
| Tangible fixed assets | 22/27 | €37,763 | €28,868 | -€8,895 | -23.6% |
| Plant, machinery and equipment | 23 | €2,532 | €2,292 | -€240 | -9.5% |
| Furniture and vehicles | 24 | €671 | €321 | -€350 | -52.2% |
| Leasing and similar rights | 25 | €34,560 | €26,254 | -€8,305 | -24.0% |
| Current assets | 29/58 | €124,608 | €102,388 | -€22,219 | -17.8% |
| Stocks and contracts in progress | 3 | €301 | €399 | +€98 | +32.4% |
| Stocks | 30/36 | €301 | €399 | +€98 | +32.4% |
| Amounts receivable within one year | 40/41 | €2,248 | €9,124 | +€6,876 | +306% |
| Trade receivables | 40 | - | €350 | +€350 | |
| Other amounts receivable | 41 | €2,248 | €8,774 | +€6,526 | +290% |
| Cash at bank and in hand | 54/58 | €121,515 | €91,951 | -€29,564 | -24.3% |
| Deferred charges and accrued income | 490/1 | €543 | €915 | +€371 | +68.3% |
| Total equity and liabilities | 10/49 | €162,371 | €131,256 | -€31,114 | -19.2% |
| Equity | 10/15 | €90,979 | €100,473 | +€9,494 | +10.4% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €86,479 | €95,973 | +€9,494 | +11.0% |
| Distributable reserves | 133 | €86,479 | €95,973 | +€9,494 | +11.0% |
| Amounts payable | 17/49 | €71,392 | €30,784 | -€40,608 | -56.9% |
| Amounts payable after more than one year | 17 | €26,019 | €20,725 | -€5,294 | -20.3% |
| Financial debts | 170/4 | €26,019 | €20,725 | -€5,294 | -20.3% |
| Amounts payable within one year | 42/48 | €45,098 | €9,876 | -€35,222 | -78.1% |
| Current portion of amounts payable after more than one year | 42 | €4,873 | €5,294 | +€422 | +8.7% |
| Trade debts | 44 | €227 | €1,882 | +€1,655 | +731% |
| Suppliers | 440/4 | €227 | €1,882 | +€1,655 | +731% |
| Taxes, remuneration and social security | 45 | €2,734 | €2,301 | -€433 | -15.8% |
| Taxes | 450/3 | €395 | - | -€395 | |
| Remuneration and social security | 454/9 | €2,339 | €2,301 | -€38 | -1.6% |
| Other amounts payable | 47/48 | €37,265 | €398 | -€36,866 | -98.9% |
| Accrued charges and deferred income | 492/3 | €275 | €183 | -€92 | -33.4% |
| Non-recurring operating income | 76A | €6,091 | - | -€6,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,884 | €10,160 | +€1,275 | +14.4% |
| Other operating charges | 640/8 | €789 | €795 | +€6 | +0.8% |
| Non-recurring operating charges | 66A | - | €169 | +€169 | |
| Gross operating margin | 9900 | €44,083 | €27,970 | -€16,113 | -36.6% |
| Operating profit (loss) | 9901 | €34,410 | €16,846 | -€17,564 | -51.0% |
| Financial income | 75/76B | €10 | €11 | +€1 | +10.9% |
| Recurring financial income | 75 | €10 | €11 | +€1 | +10.9% |
| Financial charges | 65/66B | €4,517 | €4,517 | -€0 | 0.0% |
| Recurring financial charges | 65 | €4,517 | €4,517 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €29,903 | €12,340 | -€17,563 | -58.7% |
| Income taxes | 67/77 | €5,753 | €2,847 | -€2,906 | -50.5% |
| Profit (loss) for the period | 9904 | €24,150 | €9,494 | -€14,657 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,150 | €9,494 | -€14,657 | -60.7% |
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 19 October 2026 via checked.be.