SEGHERS FRANS: 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 FRANS
Largest movements
- Tangible fixed assets -€442,999
down €442,999 (-44.2%), from €1.0m to €559,828
of which Land and buildings: -€442,417
- Receivables within one year +€171,012
up €171,012 (+99.1%), from €172,509 to €343,521
of which Other amounts receivable: +€338,167
- Deferred charges and accrued income +€20,719
up €20,719 (+9,560%), from €217 to €20,936
- Revaluation surpluses -€230,677
down €230,677 (-40.7%), from €566,586 to €335,909
- Short-term financial debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Profit (loss) carried forward +€96,788
up €96,788 (+40.1%), from -€241,290 to -€144,502
- Trade debts +€39,210
up €39,210 (+16.2%), from €242,287 to €281,498
- Reserves -€26,175
down €26,175 (-11.2%), from €233,424 to €207,249
of which Distributable reserves: -€26,175
- Gross operating margin +€207,688
up €207,688 (+446%), from €46,563 to €254,251
- Other operating charges +€35,672
up €35,672 (+414%), from €8,618 to €44,289
- Taxes +€19,524
up €19,524 (+262%), from €7,450 to €26,974
- Depreciation -€6,197
down €6,197 (-100%), from €6,197 to €0
- Financial charges +€5,170
up €5,170 (+65.4%), from €7,902 to €13,072
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 | €1,176,226 | €934,317 | -€241,909 | -20.6% |
| Fixed assets | 21/28 | €1,002,828 | €559,828 | -€442,999 | -44.2% |
| Tangible fixed assets | 22/27 | €1,002,828 | €559,828 | -€442,999 | -44.2% |
| Land and buildings | 22 | €1,002,246 | €559,828 | -€442,417 | -44.1% |
| Furniture and vehicles | 24 | €582 | €0 | -€582 | -100% |
| Current assets | 29/58 | €173,398 | €374,489 | +€201,091 | +116% |
| Amounts receivable within one year | 40/41 | €172,509 | €343,521 | +€171,012 | +99.1% |
| Trade receivables | 40 | €170,571 | €3,416 | -€167,155 | -98.0% |
| Other amounts receivable | 41 | €1,938 | €340,105 | +€338,167 | +17,450% |
| Cash at bank and in hand | 54/58 | €672 | €10,032 | +€9,359 | +1,392% |
| Deferred charges and accrued income | 490/1 | €217 | €20,936 | +€20,719 | +9,560% |
| Total equity and liabilities | 10/49 | €1,176,226 | €934,317 | -€241,909 | -20.6% |
| Equity | 10/15 | €577,312 | €417,248 | -€160,063 | -27.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €566,586 | €335,909 | -€230,677 | -40.7% |
| Reserves | 13 | €233,424 | €207,249 | -€26,175 | -11.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Other | 1319 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | €205,390 | €205,390 | = | 0.0% |
| Distributable reserves | 133 | €26,175 | €0 | -€26,175 | -100% |
| Profit (loss) carried forward | 14 | -€241,290 | -€144,502 | +€96,788 | +40.1% |
| Amounts payable | 17/49 | €598,914 | €517,068 | -€81,845 | -13.7% |
| Amounts payable after more than one year | 17 | €88,270 | €83,074 | -€5,196 | -5.9% |
| Financial debts | 170/4 | €88,270 | €71,074 | -€17,196 | -19.5% |
| Other amounts payable | 178/9 | - | €12,000 | +€12,000 | |
| Amounts payable within one year | 42/48 | €510,644 | €433,994 | -€76,649 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €16,825 | €18,104 | +€1,278 | +7.6% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100% |
| Trade debts | 44 | €242,287 | €281,498 | +€39,210 | +16.2% |
| Suppliers | 440/4 | €242,287 | €281,498 | +€39,210 | +16.2% |
| Taxes, remuneration and social security | 45 | €10,687 | €34,393 | +€23,706 | +222% |
| Taxes | 450/3 | €10,687 | €34,393 | +€23,706 | +222% |
| Other amounts payable | 47/48 | €90,844 | €100,000 | +€9,156 | +10.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,197 | €0 | -€6,197 | -100% |
| Other operating charges | 640/8 | €8,618 | €44,289 | +€35,672 | +414% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €46,563 | €254,251 | +€207,688 | +446% |
| Operating profit (loss) | 9901 | €31,748 | €209,961 | +€178,213 | +561% |
| Financial income | 75/76B | €0 | €699 | +€699 | +1,398,020% |
| Recurring financial income | 75 | €0 | €699 | +€699 | +1,398,020% |
| Financial charges | 65/66B | €7,902 | €13,072 | +€5,170 | +65.4% |
| Recurring financial charges | 65 | €7,902 | €13,072 | +€5,170 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | €23,846 | €197,588 | +€173,742 | +729% |
| Income taxes | 67/77 | €7,450 | €26,974 | +€19,524 | +262% |
| Profit (loss) for the period | 9904 | €16,396 | €170,614 | +€154,218 | +941% |
| Profit (loss) for the period to be appropriated | 9905 | €16,396 | €170,614 | +€154,218 | +941% |
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.