SEGHERS SCHOENEN: what changed
What changed
SEGHERS SCHOENEN
NACE 47.721, Retail sale of footwear
filed annual accounts (NBB)
Net result for the year
-€68,106
2025 · -€71,214+€3,109
Equity
€472,685
2025 · €540,790-€68,106
Cash
€10,969
2025 · €27,283-€16,314
Balance sheet total
€849,437
2025 · €946,693-€97,256
Largest movements
Assets
- Receivables within one year -€65,698
down €65,698 (-47.4%), from €138,553 to €72,855
of which Other amounts receivable: -€65,727
- Stocks and contracts -€18,906
down €18,906 (-3.0%), from €636,081 to €617,175
- Cash -€16,314
down €16,314 (-59.8%), from €27,283 to €10,969
mainly Net result for the year (-€68,106) and Investment in fixed assets (net) (-€59,515)
Equity and liabilities
- Profit (loss) carried forward -€68,106
down €68,106 (-26.4%), from -€257,518 to -€325,624
- Trade debts -€46,686
down €46,686 (-44.1%), from €105,817 to €59,131
- Other debts +€26,682
up €26,682 (+529%), from €5,045 to €31,727
Income statement
- Depreciation +€5,407
up €5,407 (+10.4%), from €52,139 to €57,547
- Gross operating margin +€3,265
up €3,265 (+1.4%), from €227,768 to €231,034
- Financial charges -€2,763
down €2,763 (-20.2%), from €13,675 to €10,911
Change in the result, 2025 to 2026
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 2025
-€71,214
Gross operating margin
+€3,265
Staff costs
+€1,458
Depreciation
-€5,407
Write-downs
+€2,221
Other operating charges
-€396
Financial income
-€796
Financial charges
+€2,763
Result 2026
-€68,106
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€43,201
Investment
-€59,515
Financing
€0
Cash 2025
€27,283
From operations (derived)
+€43,201
Net result for the year
-€68,106
Depreciation
+€57,547
Stocks and contracts
+€18,906
Receivables within one year
+€65,698
Deferred charges and accrued income
-€1,694
Trade debts
-€46,686
Tax, wage and social debts
-€8,449
Other debts
+€26,682
Accrued charges and deferred income
-€697
Investment (derived)
-€59,515
Investment in fixed assets (net)
-€59,515
Cash 2026
€10,969
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €946,693 | €849,437 | -€97,256 | -10.3% |
| Fixed assets | 21/28 | €136,988 | €138,956 | +€1,969 | +1.4% |
| Tangible fixed assets | 22/27 | €135,488 | €137,456 | +€1,969 | +1.5% |
| Land and buildings | 22 | €13,815 | €12,854 | -€961 | -7.0% |
| Plant, machinery and equipment | 23 | €2,892 | €1,529 | -€1,363 | -47.1% |
| Furniture and vehicles | 24 | €5,482 | €49,434 | +€43,952 | +802% |
| Other tangible fixed assets | 26 | €113,299 | €73,640 | -€39,659 | -35.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €809,705 | €710,481 | -€99,224 | -12.3% |
| Stocks and contracts in progress | 3 | €636,081 | €617,175 | -€18,906 | -3.0% |
| Stocks | 30/36 | €636,081 | €617,175 | -€18,906 | -3.0% |
| Amounts receivable within one year | 40/41 | €138,553 | €72,855 | -€65,698 | -47.4% |
| Trade receivables | 40 | €21 | €50 | +€29 | +143% |
| Other amounts receivable | 41 | €138,533 | €72,805 | -€65,727 | -47.4% |
| Cash at bank and in hand | 54/58 | €27,283 | €10,969 | -€16,314 | -59.8% |
| Deferred charges and accrued income | 490/1 | €7,788 | €9,481 | +€1,694 | +21.7% |
| Total equity and liabilities | 10/49 | €946,693 | €849,437 | -€97,256 | -10.3% |
| Equity | 10/15 | €540,790 | €472,685 | -€68,106 | -12.6% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €98,309 | €98,309 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,975 | €18,975 | = | 0.0% |
| Legal reserve | 130 | €18,975 | €18,975 | = | 0.0% |
| Distributable reserves | 133 | €79,333 | €79,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,518 | -€325,624 | -€68,106 | -26.4% |
| Amounts payable | 17/49 | €405,902 | €376,753 | -€29,150 | -7.2% |
| Amounts payable after more than one year | 17 | €65,000 | €65,000 | = | 0.0% |
| Other amounts payable | 178/9 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €336,954 | €308,501 | -€28,453 | -8.4% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €105,817 | €59,131 | -€46,686 | -44.1% |
| Suppliers | 440/4 | €105,817 | €59,131 | -€46,686 | -44.1% |
| Taxes, remuneration and social security | 45 | €26,093 | €17,644 | -€8,449 | -32.4% |
| Taxes | 450/3 | €15,565 | €6,619 | -€8,946 | -57.5% |
| Remuneration and social security | 454/9 | €10,528 | €11,024 | +€497 | +4.7% |
| Other amounts payable | 47/48 | €5,045 | €31,727 | +€26,682 | +529% |
| Accrued charges and deferred income | 492/3 | €3,948 | €3,251 | -€697 | -17.7% |
| Remuneration, social security and pensions | 62 | €232,735 | €231,277 | -€1,458 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,139 | €57,547 | +€5,407 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,407 | €12,186 | -€2,221 | -15.4% |
| Other operating charges | 640/8 | €3,050 | €3,445 | +€396 | +13.0% |
| Gross operating margin | 9900 | €227,768 | €231,034 | +€3,265 | +1.4% |
| Operating profit (loss) | 9901 | -€74,562 | -€73,421 | +€1,141 | +1.5% |
| Financial income | 75/76B | €17,022 | €16,227 | -€796 | -4.7% |
| Recurring financial income | 75 | €17,022 | €16,227 | -€796 | -4.7% |
| Financial charges | 65/66B | €13,675 | €10,911 | -€2,763 | -20.2% |
| Recurring financial charges | 65 | €13,675 | €10,911 | -€2,763 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€71,214 | -€68,106 | +€3,109 | +4.4% |
| Profit (loss) for the period | 9904 | -€71,214 | -€68,106 | +€3,109 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,214 | -€68,106 | +€3,109 | +4.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.