SEGERSIMO: 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.
SEGERSIMO
Largest movements
- Receivables within one year +€18,166
up €18,166 (+303%), from €6,000 to €24,166
- Tangible fixed assets -€10,365
down €10,365 (-5.4%), from €192,659 to €182,294
of which Other tangible fixed assets: -€6,096
- Profit (loss) carried forward +€8,910
up €8,910 (+4.9%), from €181,599 to €190,509
- Tax, wage and social debts -€8,413
down €8,413 (-59.7%), from €14,083 to €5,670
- Trade debts +€6,002
up €6,002 (+927%), from €648 to €6,650
- Taxes -€7,578
down €7,578, from €7,493 to -€84
- Gross operating margin -€5,189
down €5,189 (-15.7%), from €33,108 to €27,920
- Financial charges +€2,156
up €2,156 (+1,171%), from €184 to €2,340
- Depreciation +€2,123
up €2,123 (+21.8%), from €9,756 to €11,879
- Financial income -€432
down €432 (-18.1%), from €2,384 to €1,952
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 | €469,253 | €475,752 | +€6,499 | +1.4% |
| Fixed assets | 21/28 | €192,659 | €182,294 | -€10,365 | -5.4% |
| Tangible fixed assets | 22/27 | €192,659 | €182,294 | -€10,365 | -5.4% |
| Land and buildings | 22 | €151,108 | €151,108 | = | 0.0% |
| Furniture and vehicles | 24 | €8,043 | €3,774 | -€4,269 | -53.1% |
| Other tangible fixed assets | 26 | €33,508 | €27,411 | -€6,096 | -18.2% |
| Current assets | 29/58 | €276,594 | €293,458 | +€16,864 | +6.1% |
| Amounts receivable within one year | 40/41 | €6,000 | €24,166 | +€18,166 | +303% |
| Other amounts receivable | 41 | €6,000 | €24,166 | +€18,166 | +303% |
| Current investments | 50/53 | €122,961 | €122,961 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €147,632 | €146,330 | -€1,302 | -0.9% |
| Total equity and liabilities | 10/49 | €469,253 | €475,752 | +€6,499 | +1.4% |
| Equity | 10/15 | €444,912 | €453,822 | +€8,910 | +2.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €163,312 | €163,312 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,360 | €7,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,360 | €7,360 | = | 0.0% |
| Distributable reserves | 133 | €155,952 | €155,952 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,599 | €190,509 | +€8,910 | +4.9% |
| Amounts payable | 17/49 | €24,341 | €21,930 | -€2,411 | -9.9% |
| Amounts payable after more than one year | 17 | €3,464 | €3,464 | = | 0.0% |
| Financial debts | 170/4 | €3,464 | €3,464 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,877 | €18,466 | -€2,411 | -11.5% |
| Trade debts | 44 | €648 | €6,650 | +€6,002 | +927% |
| Suppliers | 440/4 | €648 | €6,650 | +€6,002 | +927% |
| Taxes, remuneration and social security | 45 | €14,083 | €5,670 | -€8,413 | -59.7% |
| Taxes | 450/3 | €14,083 | €5,670 | -€8,413 | -59.7% |
| Other amounts payable | 47/48 | €6,146 | €6,146 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,756 | €11,879 | +€2,123 | +21.8% |
| Other operating charges | 640/8 | €6,976 | €6,827 | -€149 | -2.1% |
| Gross operating margin | 9900 | €33,108 | €27,920 | -€5,189 | -15.7% |
| Operating profit (loss) | 9901 | €16,377 | €9,214 | -€7,163 | -43.7% |
| Financial income | 75/76B | €2,384 | €1,952 | -€432 | -18.1% |
| Recurring financial income | 75 | €2,384 | €1,952 | -€432 | -18.1% |
| Financial charges | 65/66B | €184 | €2,340 | +€2,156 | +1,171% |
| Recurring financial charges | 65 | €184 | €2,340 | +€2,156 | +1,171% |
| Profit (loss) for the period before taxes | 9903 | €18,576 | €8,826 | -€9,751 | -52.5% |
| Income taxes | 67/77 | €7,493 | -€84 | -€7,578 | |
| Profit (loss) for the period | 9904 | €11,083 | €8,910 | -€2,173 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,083 | €8,910 | -€2,173 | -19.6% |
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 13 October 2026 via checked.be.