Segers - Proot: what changed
Two fiscal 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 - Proot
Largest movements
- Tangible fixed assets -€188,985
down €188,985 (-62.4%), from €302,636 to €113,651
of which Land and buildings: -€192,296
- Cash +€111,822
up €111,822 (+31.6%), from €354,097 to €465,919
mainly Investment in fixed assets (net) (+€174,123) and Current investments (+€53,320)
- Current investments -€53,320
down €53,320 (-99.9%), from €53,357 to €37
- Receivables within one year +€10,584
new in 2025: €10,584
of which Other amounts receivable: +€9,431
- Other debts -€130,428
down €130,428 (-24.1%), from €540,168 to €409,740
- Reserves +€11,705
up €11,705 (+7.2%), from €161,606 to €173,311
- Depreciation -€28,621
down €28,621 (-65.8%), from €43,483 to €14,862
- Taxes -€12,975
down €12,975 (-61.2%), from €21,207 to €8,232
- Gross operating margin +€6,953
up €6,953 (+22.9%), from €30,356 to €37,309
- Other operating charges +€819
up €819 (+53.8%), from €1,522 to €2,341
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.
Cash bridge derived
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 | €717,372 | €598,091 | -€119,280 | -16.6% |
| Fixed assets | 21/28 | €302,636 | €113,651 | -€188,985 | -62.4% |
| Tangible fixed assets | 22/27 | €302,636 | €113,651 | -€188,985 | -62.4% |
| Land and buildings | 22 | €300,247 | €107,951 | -€192,296 | -64.0% |
| Plant, machinery and equipment | 23 | €946 | €5,084 | +€4,138 | +437.2% |
| Furniture and vehicles | 24 | €1,443 | €616 | -€827 | -57.3% |
| Current assets | 29/58 | €414,735 | €484,440 | +€69,705 | +16.8% |
| Amounts receivable within one year | 40/41 | - | €10,584 | +€10,584 | |
| Trade receivables | 40 | - | €1,153 | +€1,153 | |
| Other amounts receivable | 41 | - | €9,431 | +€9,431 | |
| Current investments | 50/53 | €53,357 | €37 | -€53,320 | -99.9% |
| Cash at bank and in hand | 54/58 | €354,097 | €465,919 | +€111,822 | +31.6% |
| Deferred charges and accrued income | 490/1 | €7,281 | €7,900 | +€618 | +8.5% |
| Total equity and liabilities | 10/49 | €717,372 | €598,091 | -€119,280 | -16.6% |
| Equity | 10/15 | €174,006 | €185,711 | +€11,705 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €161,606 | €173,311 | +€11,705 | +7.2% |
| Distributable reserves | 133 | €161,606 | €173,311 | +€11,705 | +7.2% |
| Amounts payable | 17/49 | €543,365 | €412,380 | -€130,985 | -24.1% |
| Amounts payable within one year | 42/48 | €542,398 | €411,382 | -€131,016 | -24.2% |
| Trade debts | 44 | €1,178 | €1,642 | +€463 | +39.3% |
| Suppliers | 440/4 | €1,178 | €1,642 | +€463 | +39.3% |
| Taxes, remuneration and social security | 45 | €1,052 | - | -€1,052 | |
| Taxes | 450/3 | €1,052 | - | -€1,052 | |
| Other amounts payable | 47/48 | €540,168 | €409,740 | -€130,428 | -24.1% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,483 | €14,862 | -€28,621 | -65.8% |
| Other operating charges | 640/8 | €1,522 | €2,341 | +€819 | +53.8% |
| Gross operating margin | 9900 | €30,356 | €37,309 | +€6,953 | +22.9% |
| Operating profit (loss) | 9901 | -€14,649 | €20,106 | +€34,755 | |
| Financial income | 75/76B | €616 | €543 | -€73 | -11.9% |
| Recurring financial income | 75 | €616 | €543 | -€73 | -11.9% |
| Financial charges | 65/66B | €702 | €712 | +€10 | +1.4% |
| Recurring financial charges | 65 | €702 | €712 | +€10 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,735 | €19,937 | +€34,672 | |
| Transfer from deferred taxes | 780 | €22,653 | - | -€22,653 | |
| Income taxes | 67/77 | €21,207 | €8,232 | -€12,975 | -61.2% |
| Profit (loss) for the period | 9904 | -€13,289 | €11,705 | +€24,994 | |
| Transfer from tax-exempt reserves | 789 | €53,930 | - | -€53,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,641 | €11,705 | -€28,936 | -71.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.