SEGERS MARC: 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 MARC
Largest movements
- Current investments -€150,000
down €150,000 (-96.3%), from €155,757 to €5,757
- Cash +€52,170
up €52,170 (+20.9%), from €249,363 to €301,533
mainly Current investments (+€150,000) and Net result for the year (+€42,282)
- Tangible fixed assets -€15,317
down €15,317 (-5.7%), from €267,066 to €251,749
of which Furniture and vehicles: -€12,037
- Other debts -€64,171
down €64,171 (-42.8%), from €149,853 to €85,682
- Reserves -€41,504
down €41,504 (-9.1%), from €458,348 to €416,844
of which Non-distributable reserves: -€41,504
- Debts after one year -€18,481
down €18,481 (-29.4%), from €62,952 to €44,471
- Tax, wage and social debts +€8,920
up €8,920 (+402%), from €2,221 to €11,141
- Gross operating margin +€24,663
up €24,663 (+39.7%), from €62,081 to €86,744
- Taxes +€13,455
up €13,455 (+96.5%), from €13,948 to €27,402
- Depreciation -€6,212
down €6,212 (-26.1%), from €23,786 to €17,574
- Financial income +€1,761
up €1,761 (+50.0%), from €3,521 to €5,282
- Other operating charges -€939
down €939 (-38.8%), from €2,417 to €1,478
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 | €715,986 | €600,259 | -€115,727 | -16.2% |
| Fixed assets | 21/28 | €267,066 | €251,749 | -€15,317 | -5.7% |
| Tangible fixed assets | 22/27 | €267,066 | €251,749 | -€15,317 | -5.7% |
| Land and buildings | 22 | €212,221 | €207,059 | -€5,161 | -2.4% |
| Plant, machinery and equipment | 23 | €4,267 | €6,148 | +€1,881 | +44.1% |
| Furniture and vehicles | 24 | €50,579 | €38,542 | -€12,037 | -23.8% |
| Current assets | 29/58 | €448,920 | €348,509 | -€100,410 | -22.4% |
| Amounts receivable within one year | 40/41 | €41,943 | €39,751 | -€2,192 | -5.2% |
| Trade receivables | 40 | €39,932 | €38,886 | -€1,046 | -2.6% |
| Other amounts receivable | 41 | €2,011 | €865 | -€1,146 | -57.0% |
| Current investments | 50/53 | €155,757 | €5,757 | -€150,000 | -96.3% |
| Cash at bank and in hand | 54/58 | €249,363 | €301,533 | +€52,170 | +20.9% |
| Deferred charges and accrued income | 490/1 | €1,856 | €1,468 | -€388 | -20.9% |
| Total equity and liabilities | 10/49 | €715,986 | €600,259 | -€115,727 | -16.2% |
| Equity | 10/15 | €476,948 | €435,444 | -€41,504 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €458,348 | €416,844 | -€41,504 | -9.1% |
| Non-distributable reserves | 130/1 | €204,293 | €162,790 | -€41,504 | -20.3% |
| Reserves not available under the articles | 1311 | €204,293 | €162,790 | -€41,504 | -20.3% |
| Distributable reserves | 133 | €254,055 | €254,055 | = | 0.0% |
| Amounts payable | 17/49 | €239,038 | €164,814 | -€74,224 | -31.1% |
| Amounts payable after more than one year | 17 | €62,952 | €44,471 | -€18,481 | -29.4% |
| Financial debts | 170/4 | €62,952 | €44,471 | -€18,481 | -29.4% |
| Amounts payable within one year | 42/48 | €176,086 | €120,343 | -€55,743 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €23,199 | €19,689 | -€3,509 | -15.1% |
| Trade debts | 44 | €814 | €3,831 | +€3,017 | +371% |
| Suppliers | 440/4 | €814 | €3,831 | +€3,017 | +371% |
| Taxes, remuneration and social security | 45 | €2,221 | €11,141 | +€8,920 | +402% |
| Taxes | 450/3 | €2,221 | €11,141 | +€8,920 | +402% |
| Other amounts payable | 47/48 | €149,853 | €85,682 | -€64,171 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,786 | €17,574 | -€6,212 | -26.1% |
| Other operating charges | 640/8 | €2,417 | €1,478 | -€939 | -38.8% |
| Gross operating margin | 9900 | €62,081 | €86,744 | +€24,663 | +39.7% |
| Operating profit (loss) | 9901 | €35,878 | €67,692 | +€31,814 | +88.7% |
| Financial income | 75/76B | €3,521 | €5,282 | +€1,761 | +50.0% |
| Recurring financial income | 75 | €3,521 | €5,282 | +€1,761 | +50.0% |
| Financial charges | 65/66B | €3,245 | €3,289 | +€44 | +1.4% |
| Recurring financial charges | 65 | €3,245 | €3,289 | +€44 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €36,154 | €69,685 | +€33,531 | +92.7% |
| Income taxes | 67/77 | €13,948 | €27,402 | +€13,455 | +96.5% |
| Profit (loss) for the period | 9904 | €22,206 | €42,282 | +€20,076 | +90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,206 | €42,282 | +€20,076 | +90.4% |
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 31 October 2026 via checked.be.