Seghers & Bussens: what changed
What changed
Seghers & Bussens
NACE 71.122, Land surveying
filed annual accounts (NBB)
Net result for the year
-€15,335
2024 · €3,073-€18,408
Equity
€211,870
2024 · €227,205-€15,335
Cash
€8,003
2024 · €15,059-€7,056
Balance sheet total
€1.1m
2024 · €1.1m-€53,429
Largest movements
Assets
- Tangible fixed assets -€20,174
down €20,174 (-2.1%), from €978,736 to €958,561
of which Land and buildings: -€16,773
- Receivables within one year -€17,809
down €17,809 (-27.4%), from €65,017 to €47,208
of which Other amounts receivable: -€14,380
Equity and liabilities
- Debts after one year -€41,247
down €41,247 (-5.7%), from €725,331 to €684,084
- Reserves -€16,671
down €16,671 (-9.8%), from €169,545 to €152,874
Income statement
- Gross operating margin -€23,687
down €23,687 (-43.9%), from €53,919 to €30,233
- Depreciation -€2,629
down €2,629 (-11.6%), from €22,641 to €20,012
- Taxes -€1,642
down €1,642 (-87.8%), from €1,871 to €229
- Financial charges -€871
down €871 (-3.5%), from €25,219 to €24,348
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
€3,073
Gross operating margin
-€23,687
Depreciation
+€2,629
Other operating charges
+€344
Financial income
-€207
Financial charges
+€871
Taxes
+€1,642
Result 2025
-€15,335
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
+€33,222
Investment
+€710
Financing
-€40,988
Cash 2024
€15,059
From operations (derived)
+€33,222
Net result for the year
-€15,335
Depreciation
+€20,012
Receivables after one year
+€9,975
Receivables within one year
+€17,809
Deferred charges and accrued income
-€2,133
Trade debts
+€1,073
Tax, wage and social debts
-€1,847
Other debts
+€3,668
Investment (derived)
+€710
Investment in fixed assets (net)
+€162
Current investments
+€548
Financing
-€40,988
Debts after one year
-€41,247
Current portion of long-term debt
+€259
Cash 2025
€8,003
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,115,401 | €1,061,972 | -€53,429 | -4.8% |
| Fixed assets | 21/28 | €978,741 | €958,566 | -€20,174 | -2.1% |
| Tangible fixed assets | 22/27 | €978,736 | €958,561 | -€20,174 | -2.1% |
| Land and buildings | 22 | €958,976 | €942,203 | -€16,773 | -1.7% |
| Plant, machinery and equipment | 23 | €18,892 | €15,871 | -€3,021 | -16.0% |
| Furniture and vehicles | 24 | €868 | €488 | -€380 | -43.8% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €136,660 | €103,406 | -€33,254 | -24.3% |
| Amounts receivable after more than one year | 29 | €56,016 | €46,041 | -€9,975 | -17.8% |
| Other amounts receivable | 291 | €56,016 | €46,041 | -€9,975 | -17.8% |
| Amounts receivable within one year | 40/41 | €65,017 | €47,208 | -€17,809 | -27.4% |
| Trade receivables | 40 | €35,742 | €32,313 | -€3,429 | -9.6% |
| Other amounts receivable | 41 | €29,275 | €14,895 | -€14,380 | -49.1% |
| Current investments | 50/53 | €569 | €21 | -€548 | -96.3% |
| Cash at bank and in hand | 54/58 | €15,059 | €8,003 | -€7,056 | -46.9% |
| Deferred charges and accrued income | 490/1 | - | €2,133 | +€2,133 | |
| Total equity and liabilities | 10/49 | €1,115,401 | €1,061,972 | -€53,429 | -4.8% |
| Equity | 10/15 | €227,205 | €211,870 | -€15,335 | -6.7% |
| Contributions | 10/11 | €57,660 | €57,660 | = | 0.0% |
| Contributions outside capital | 11 | €57,660 | - | -€57,660 | |
| Other | 1109/19 | €57,660 | - | -€57,660 | |
| Reserves | 13 | €169,545 | €152,874 | -€16,671 | -9.8% |
| Distributable reserves | 133 | €169,545 | €152,874 | -€16,671 | -9.8% |
| Profit (loss) carried forward | 14 | - | €1,336 | +€1,336 | |
| Amounts payable | 17/49 | €888,196 | €850,102 | -€38,094 | -4.3% |
| Amounts payable after more than one year | 17 | €725,331 | €684,084 | -€41,247 | -5.7% |
| Financial debts | 170/4 | €725,331 | €684,084 | -€41,247 | -5.7% |
| Amounts payable within one year | 42/48 | €162,865 | €166,019 | +€3,153 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €43,904 | €44,164 | +€259 | +0.6% |
| Trade debts | 44 | €3,140 | €4,213 | +€1,073 | +34.2% |
| Suppliers | 440/4 | €3,140 | €4,213 | +€1,073 | +34.2% |
| Taxes, remuneration and social security | 45 | €4,084 | €2,237 | -€1,847 | -45.2% |
| Taxes | 450/3 | €4,084 | €2,237 | -€1,847 | -45.2% |
| Other amounts payable | 47/48 | €111,738 | €115,405 | +€3,668 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,641 | €20,012 | -€2,629 | -11.6% |
| Other operating charges | 640/8 | €3,246 | €2,902 | -€344 | -10.6% |
| Gross operating margin | 9900 | €53,919 | €30,233 | -€23,687 | -43.9% |
| Operating profit (loss) | 9901 | €28,032 | €7,318 | -€20,714 | -73.9% |
| Financial income | 75/76B | €2,131 | €1,924 | -€207 | -9.7% |
| Recurring financial income | 75 | €2,131 | €1,924 | -€207 | -9.7% |
| Financial charges | 65/66B | €25,219 | €24,348 | -€871 | -3.5% |
| Recurring financial charges | 65 | €25,219 | €24,348 | -€871 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €4,944 | -€15,106 | -€20,049 | |
| Income taxes | 67/77 | €1,871 | €229 | -€1,642 | -87.8% |
| Profit (loss) for the period | 9904 | €3,073 | -€15,335 | -€18,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,073 | -€15,335 | -€18,408 |
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 2 November 2026 via checked.be.