SEGERS-MENNES: what changed
What changed
SEGERS-MENNES
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€170,499
2024 · €153,125+€17,374
Equity
€195,547
2024 · €525,049-€329,501
Cash
€34,193
2024 · €31,738+€2,455
Balance sheet total
€1.8m
2024 · €1.8m-€11,634
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€404,553
up €404,553 (+48.4%), from €836,459 to €1.2m
- Reserves -€329,501
down €329,501 (-65.1%), from €506,449 to €176,947
- Debts after one year -€109,162
down €109,162 (-32.9%), from €332,157 to €222,995
- Tax, wage and social debts +€19,697
up €19,697 (+146%), from €13,460 to €33,157
Income statement
- Financial income +€49,392
up €49,392 (+115,240%), from €43 to €49,435
- Gross operating margin -€36,494
down €36,494 (-15.1%), from €241,293 to €204,799
- Financial charges -€18,631
down €18,631 (-60.4%), from €30,836 to €12,205
- Taxes +€12,235
up €12,235 (+26.9%), from €45,425 to €57,660
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
€153,125
Gross operating margin
-€36,494
Staff costs
-€452
Depreciation
+€389
Other operating charges
-€1,857
Financial income
+€49,392
Financial charges
+€18,631
Taxes
-€12,235
Result 2025
€170,499
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
+€608,375
Investment
€0
Financing
-€605,921
Cash 2024
€31,738
From operations (derived)
+€608,375
Net result for the year
+€170,499
Depreciation
+€11,068
Receivables within one year
+€2,711
Smaller working-capital items
-€152
Tax, wage and social debts
+€19,697
Other debts
+€404,553
Financing
-€605,921
Debts after one year
-€109,162
Current portion of long-term debt
+€3,241
Contributions, distributions and other
-€500,000
Cash 2025
€34,193
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,822,484 | €1,810,851 | -€11,634 | -0.6% |
| Fixed assets | 21/28 | €1,524,276 | €1,513,208 | -€11,068 | -0.7% |
| Tangible fixed assets | 22/27 | €33,593 | €22,525 | -€11,068 | -32.9% |
| Plant, machinery and equipment | 23 | €954 | €535 | -€419 | -43.9% |
| Furniture and vehicles | 24 | €32,639 | €21,990 | -€10,649 | -32.6% |
| Financial fixed assets | 28 | €1,490,683 | €1,490,683 | = | 0.0% |
| Current assets | 29/58 | €298,208 | €297,643 | -€566 | -0.2% |
| Amounts receivable within one year | 40/41 | €263,212 | €260,501 | -€2,711 | -1.0% |
| Trade receivables | 40 | €7,819 | €8,338 | +€519 | +6.6% |
| Other amounts receivable | 41 | €255,393 | €252,163 | -€3,230 | -1.3% |
| Cash at bank and in hand | 54/58 | €31,738 | €34,193 | +€2,455 | +7.7% |
| Deferred charges and accrued income | 490/1 | €3,259 | €2,949 | -€309 | -9.5% |
| Total equity and liabilities | 10/49 | €1,822,484 | €1,810,851 | -€11,634 | -0.6% |
| Equity | 10/15 | €525,049 | €195,547 | -€329,501 | -62.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €506,449 | €176,947 | -€329,501 | -65.1% |
| Distributable reserves | 133 | €506,449 | €176,947 | -€329,501 | -65.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,297,436 | €1,615,304 | +€317,868 | +24.5% |
| Amounts payable after more than one year | 17 | €332,157 | €222,995 | -€109,162 | -32.9% |
| Financial debts | 170/4 | €332,157 | €222,995 | -€109,162 | -32.9% |
| Amounts payable within one year | 42/48 | €957,032 | €1,384,062 | +€427,030 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €105,921 | €109,162 | +€3,241 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,192 | €731 | -€462 | -38.7% |
| Suppliers | 440/4 | €1,192 | €731 | -€462 | -38.7% |
| Taxes, remuneration and social security | 45 | €13,460 | €33,157 | +€19,697 | +146% |
| Taxes | 450/3 | €13,460 | €33,157 | +€19,697 | +146% |
| Other amounts payable | 47/48 | €836,459 | €1,241,012 | +€404,553 | +48.4% |
| Accrued charges and deferred income | 492/3 | €8,247 | €8,247 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | €452 | +€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,457 | €11,068 | -€389 | -3.4% |
| Other operating charges | 640/8 | €494 | €2,351 | +€1,857 | +376% |
| Gross operating margin | 9900 | €241,293 | €204,799 | -€36,494 | -15.1% |
| Operating profit (loss) | 9901 | €229,343 | €190,930 | -€38,413 | -16.7% |
| Financial income | 75/76B | €43 | €49,435 | +€49,392 | +115,240% |
| Recurring financial income | 75 | €43 | €49,435 | +€49,392 | +115,240% |
| Financial charges | 65/66B | €30,836 | €12,205 | -€18,631 | -60.4% |
| Recurring financial charges | 65 | €30,836 | €12,205 | -€18,631 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €198,549 | €228,159 | +€29,610 | +14.9% |
| Income taxes | 67/77 | €45,425 | €57,660 | +€12,235 | +26.9% |
| Profit (loss) for the period | 9904 | €153,125 | €170,499 | +€17,374 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €153,125 | €170,499 | +€17,374 | +11.3% |
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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 5 November 2026 via checked.be.