SEGEVER: 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.
SEGEVER
Largest movements
- Tangible fixed assets -€6,315
down €6,315 (-5.6%), from €112,353 to €106,038
- Cash -€3,509
down €3,509 (-92.6%), from €3,790 to €281
mainly Net result for the year (-€8,842) and Provisions (-€1,263)
- Reserves -€5,052
down €5,052 (-2.6%), from €194,137 to €189,085
of which Tax-exempt reserves: -€5,052
- Profit (loss) carried forward -€3,790
down €3,790 (-13.3%), from -€28,535 to -€32,325
- Gross operating margin +€608
up €608 (+20.4%), from -€2,988 to -€2,380
- Taxes -€102
down €102, from €19 to -€83
- Financial income -€53
down €53 (-84.0%), from €63 to €10
- Other operating charges +€41
up €41 (+2.9%), from €1,385 to €1,425
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 | €328,838 | €318,951 | -€9,887 | -3.0% |
| Fixed assets | 21/28 | €112,353 | €106,038 | -€6,315 | -5.6% |
| Tangible fixed assets | 22/27 | €112,353 | €106,038 | -€6,315 | -5.6% |
| Land and buildings | 22 | €112,353 | €106,038 | -€6,315 | -5.6% |
| Current assets | 29/58 | €216,485 | €212,914 | -€3,572 | -1.6% |
| Amounts receivable within one year | 40/41 | €212,632 | €212,632 | = | 0.0% |
| Other amounts receivable | 41 | €212,632 | €212,632 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,790 | €281 | -€3,509 | -92.6% |
| Deferred charges and accrued income | 490/1 | €63 | - | -€63 | |
| Total equity and liabilities | 10/49 | €328,838 | €318,951 | -€9,887 | -3.0% |
| Equity | 10/15 | €235,012 | €226,170 | -€8,842 | -3.8% |
| Contributions | 10/11 | €69,410 | €69,410 | = | 0.0% |
| Capital | 10 | €69,410 | €69,410 | = | 0.0% |
| Issued capital | 100 | €69,410 | €69,410 | = | 0.0% |
| Reserves | 13 | €194,137 | €189,085 | -€5,052 | -2.6% |
| Non-distributable reserves | 130/1 | €6,941 | €6,941 | = | 0.0% |
| Legal reserve | 130 | €6,941 | €6,941 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,185 | €76,133 | -€5,052 | -6.2% |
| Distributable reserves | 133 | €106,010 | €106,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,535 | -€32,325 | -€3,790 | -13.3% |
| Provisions and deferred taxes | 16 | €20,296 | €19,033 | -€1,263 | -6.2% |
| Deferred taxes | 168 | €20,296 | €19,033 | -€1,263 | -6.2% |
| Amounts payable | 17/49 | €73,529 | €73,747 | +€218 | +0.3% |
| Amounts payable after more than one year | 17 | €28,508 | €28,508 | = | 0.0% |
| Financial debts | 170/4 | €28,508 | €28,508 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,003 | €45,240 | +€237 | +0.5% |
| Trade debts | 44 | €10,000 | €10,237 | +€237 | +2.4% |
| Suppliers | 440/4 | €10,000 | €10,237 | +€237 | +2.4% |
| Other amounts payable | 47/48 | €35,003 | €35,003 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €19 | - | -€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,315 | €6,315 | = | 0.0% |
| Other operating charges | 640/8 | €1,385 | €1,425 | +€41 | +2.9% |
| Gross operating margin | 9900 | -€2,988 | -€2,380 | +€608 | +20.4% |
| Operating profit (loss) | 9901 | -€10,688 | -€10,120 | +€568 | +5.3% |
| Financial income | 75/76B | €63 | €10 | -€53 | -84.0% |
| Recurring financial income | 75 | €63 | €10 | -€53 | -84.0% |
| Financial charges | 65/66B | €77 | €78 | +€2 | +2.0% |
| Recurring financial charges | 65 | €77 | €78 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,701 | -€10,188 | +€513 | +4.8% |
| Transfer from deferred taxes | 780 | €1,263 | €1,263 | = | 0.0% |
| Income taxes | 67/77 | €19 | -€83 | -€102 | |
| Profit (loss) for the period | 9904 | -€9,457 | -€8,842 | +€615 | +6.5% |
| Transfer from tax-exempt reserves | 789 | €5,052 | €5,052 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,405 | -€3,790 | +€615 | +14.0% |
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.