SEGHERS CONSULTANCY: 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.
SEGHERS CONSULTANCY
Largest movements
- Cash +€143,787
up €143,787 (+78.5%), from €183,228 to €327,015
mainly Net result for the year (+€235,283) and Depreciation (+€4,329)
- Receivables within one year +€68,611
up €68,611 (+337%), from €20,359 to €88,970
of which Trade receivables: +€65,215
- Reserves +€235,283
up €235,283 (+32.3%), from €728,764 to €964,046
- Other debts -€31,038
down €31,038 (-23.7%), from €131,038 to €100,000
- Financial income +€149,957
up €149,957 (+351,024%), from €43 to €150,000
- Gross operating margin +€75,628
up €75,628 (+168%), from €44,986 to €120,614
- Taxes +€18,930
up €18,930 (+166%), from €11,437 to €30,368
- Other operating charges -€1,419
down €1,419 (-80.3%), from €1,768 to €349
- Depreciation +€1,233
up €1,233 (+39.8%), from €3,097 to €4,329
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 | €896,292 | €1,104,775 | +€208,483 | +23.3% |
| Fixed assets | 21/28 | €691,396 | €687,067 | -€4,329 | -0.6% |
| Tangible fixed assets | 22/27 | €16,156 | €11,826 | -€4,329 | -26.8% |
| Land and buildings | 22 | €7,466 | €5,599 | -€1,866 | -25.0% |
| Plant, machinery and equipment | 23 | €2,183 | €1,633 | -€549 | -25.2% |
| Furniture and vehicles | 24 | €6,507 | €4,594 | -€1,914 | -29.4% |
| Financial fixed assets | 28 | €675,241 | €675,241 | = | 0.0% |
| Current assets | 29/58 | €204,896 | €417,708 | +€212,813 | +104% |
| Amounts receivable within one year | 40/41 | €20,359 | €88,970 | +€68,611 | +337% |
| Trade receivables | 40 | €1,295 | €66,510 | +€65,215 | +5,036% |
| Other amounts receivable | 41 | €19,064 | €22,460 | +€3,396 | +17.8% |
| Cash at bank and in hand | 54/58 | €183,228 | €327,015 | +€143,787 | +78.5% |
| Deferred charges and accrued income | 490/1 | €1,309 | €1,723 | +€414 | +31.6% |
| Total equity and liabilities | 10/49 | €896,292 | €1,104,775 | +€208,483 | +23.3% |
| Equity | 10/15 | €747,364 | €982,646 | +€235,283 | +31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €728,764 | €964,046 | +€235,283 | +32.3% |
| Distributable reserves | 133 | €728,764 | €964,046 | +€235,283 | +32.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €148,928 | €122,129 | -€26,800 | -18.0% |
| Amounts payable within one year | 42/48 | €148,911 | €122,111 | -€26,800 | -18.0% |
| Trade debts | 44 | €2,815 | €6,794 | +€3,978 | +141% |
| Suppliers | 440/4 | €2,815 | €6,794 | +€3,978 | +141% |
| Taxes, remuneration and social security | 45 | €15,057 | €15,317 | +€260 | +1.7% |
| Taxes | 450/3 | €15,057 | €15,317 | +€260 | +1.7% |
| Other amounts payable | 47/48 | €131,038 | €100,000 | -€31,038 | -23.7% |
| Accrued charges and deferred income | 492/3 | €17 | €18 | +€0 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,097 | €4,329 | +€1,233 | +39.8% |
| Other operating charges | 640/8 | €1,768 | €349 | -€1,419 | -80.3% |
| Gross operating margin | 9900 | €44,986 | €120,614 | +€75,628 | +168% |
| Operating profit (loss) | 9901 | €40,121 | €115,935 | +€75,814 | +189% |
| Financial income | 75/76B | €43 | €150,000 | +€149,957 | +351,024% |
| Recurring financial income | 75 | €43 | €150,000 | +€149,957 | +351,024% |
| Financial charges | 65/66B | €465 | €285 | -€181 | -38.8% |
| Recurring financial charges | 65 | €465 | €285 | -€181 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €39,698 | €265,651 | +€225,952 | +569% |
| Income taxes | 67/77 | €11,437 | €30,368 | +€18,930 | +166% |
| Profit (loss) for the period | 9904 | €28,261 | €235,283 | +€207,022 | +733% |
| Profit (loss) for the period to be appropriated | 9905 | €28,261 | €235,283 | +€207,022 | +733% |
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 17 October 2026 via checked.be.