SEGERS O.G.: what changed
What changed
SEGERS O.G.
NACE 55.204, Guest rooms (bed and breakfast)
filed annual accounts (NBB)
Net result for the year
€1,631
2024 · -€17,529+€19,160
Equity
€867,319
2024 · €865,688+€1,631
Cash
€12,706
2024 · €3,533+€9,173
Balance sheet total
€2.4m
2024 · €2.6m-€211,853
Largest movements
Assets
- Receivables within one year -€127,073
down €127,073 (-62.5%), from €203,349 to €76,276
of which Other amounts receivable: -€68,515
- Tangible fixed assets -€95,482
down €95,482 (-4.5%), from €2.1m to €2.0m
of which Land and buildings: -€97,281
Equity and liabilities
- Profit (loss) carried forward +€364,688
up €364,688 (+97.1%), from -€375,395 to -€10,707
- Reserves -€331,150
down €331,150 (-83.0%), from €398,873 to €67,723
of which Distributable reserves: -€325,257
- Other debts -€156,094
down €156,094 (-21.3%), from €731,165 to €575,071
- Debts after one year -€86,942
down €86,942 (-10.2%), from €856,360 to €769,418
of which Financial debts: -€67,942
- Tax, wage and social debts +€36,454
up €36,454 (+599%), from €6,086 to €42,539
of which Taxes: +€37,791
Income statement
- Gross operating margin +€24,754
up €24,754 (+18.9%), from €130,724 to €155,478
- Taxes +€11,013
up €11,013 (+400%), from €2,756 to €13,768
- Financial charges -€6,501
down €6,501 (-19.4%), from €33,480 to €26,979
- Depreciation +€1,607
up €1,607 (+1.6%), from €100,850 to €102,457
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
-€17,529
Gross operating margin
+€24,754
Staff costs
+€945
Depreciation
-€1,607
Other operating charges
-€32
Financial income
-€388
Financial charges
+€6,501
Taxes
-€11,013
Result 2025
€1,631
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
+€101,613
Investment
-€6,975
Financing
-€85,465
Cash 2024
€3,533
From operations (derived)
+€101,613
Net result for the year
+€1,631
Depreciation
+€102,457
Receivables within one year
+€127,073
Deferred charges and accrued income
-€1,529
Trade debts
-€8,252
Tax, wage and social debts
+€36,454
Smaller working-capital items
-€126
Other debts
-€156,094
Investment (derived)
-€6,975
Investment in fixed assets (net)
-€6,975
Financing
-€85,465
Debts after one year
-€86,942
Current portion of long-term debt
+€1,476
Cash 2025
€12,706
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,608,481 | €2,396,628 | -€211,853 | -8.1% |
| Fixed assets | 21/28 | €2,131,912 | €2,036,430 | -€95,482 | -4.5% |
| Tangible fixed assets | 22/27 | €2,131,912 | €2,036,430 | -€95,482 | -4.5% |
| Land and buildings | 22 | €2,127,354 | €2,030,073 | -€97,281 | -4.6% |
| Plant, machinery and equipment | 23 | €167 | €819 | +€652 | +391% |
| Furniture and vehicles | 24 | €4,391 | €5,538 | +€1,147 | +26.1% |
| Current assets | 29/58 | €476,569 | €360,198 | -€116,371 | -24.4% |
| Stocks and contracts in progress | 3 | €268,190 | €268,190 | = | 0.0% |
| Stocks | 30/36 | €268,190 | €268,190 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €203,349 | €76,276 | -€127,073 | -62.5% |
| Trade receivables | 40 | €134,833 | €76,275 | -€58,558 | -43.4% |
| Other amounts receivable | 41 | €68,516 | €1 | -€68,515 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,533 | €12,706 | +€9,173 | +260% |
| Deferred charges and accrued income | 490/1 | €1,498 | €3,027 | +€1,529 | +102% |
| Total equity and liabilities | 10/49 | €2,608,481 | €2,396,628 | -€211,853 | -8.1% |
| Equity | 10/15 | €865,688 | €867,319 | +€1,631 | +0.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €780,236 | €748,329 | -€31,907 | -4.1% |
| Reserves | 13 | €398,873 | €67,723 | -€331,150 | -83.0% |
| Tax-exempt reserves | 132 | €73,616 | €67,723 | -€5,893 | -8.0% |
| Distributable reserves | 133 | €325,257 | - | -€325,257 | |
| Profit (loss) carried forward | 14 | -€375,395 | -€10,707 | +€364,688 | +97.1% |
| Provisions and deferred taxes | 16 | €26,563 | €26,563 | = | 0.0% |
| Deferred taxes | 168 | €26,563 | €26,563 | = | 0.0% |
| Amounts payable | 17/49 | €1,716,231 | €1,502,747 | -€213,484 | -12.4% |
| Amounts payable after more than one year | 17 | €856,360 | €769,418 | -€86,942 | -10.2% |
| Financial debts | 170/4 | €837,360 | €769,418 | -€67,942 | -8.1% |
| Other amounts payable | 178/9 | €19,000 | - | -€19,000 | |
| Amounts payable within one year | 42/48 | €855,637 | €728,850 | -€126,786 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €66,465 | €67,942 | +€1,476 | +2.2% |
| Trade debts | 44 | €45,799 | €37,547 | -€8,252 | -18.0% |
| Suppliers | 440/4 | €45,799 | €37,547 | -€8,252 | -18.0% |
| Advances received on contracts in progress | 46 | €6,121 | €5,750 | -€371 | -6.1% |
| Taxes, remuneration and social security | 45 | €6,086 | €42,539 | +€36,454 | +599% |
| Taxes | 450/3 | €3,577 | €41,368 | +€37,791 | +1,057% |
| Remuneration and social security | 454/9 | €2,509 | €1,172 | -€1,337 | -53.3% |
| Other amounts payable | 47/48 | €731,165 | €575,071 | -€156,094 | -21.3% |
| Accrued charges and deferred income | 492/3 | €4,235 | €4,479 | +€245 | +5.8% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €1,152 | €207 | -€945 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,850 | €102,457 | +€1,607 | +1.6% |
| Other operating charges | 640/8 | €10,404 | €10,435 | +€32 | +0.3% |
| Gross operating margin | 9900 | €130,724 | €155,478 | +€24,754 | +18.9% |
| Operating profit (loss) | 9901 | €18,318 | €42,378 | +€24,060 | +131% |
| Financial income | 75/76B | €388 | €0 | -€388 | -99.9% |
| Recurring financial income | 75 | €388 | €0 | -€388 | -99.9% |
| Financial charges | 65/66B | €33,480 | €26,979 | -€6,501 | -19.4% |
| Recurring financial charges | 65 | €33,480 | €26,979 | -€6,501 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,774 | €15,399 | +€30,173 | |
| Income taxes | 67/77 | €2,756 | €13,768 | +€11,013 | +400% |
| Profit (loss) for the period | 9904 | -€17,529 | €1,631 | +€19,160 | |
| Transfer from tax-exempt reserves | 789 | €5,893 | €5,893 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,637 | €7,523 | +€19,160 |
Next steps
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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 1 November 2026 via checked.be.