SEGHERS SLM: 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 SLM
Largest movements
- Receivables within one year +€25,706
up €25,706 (+309.8%), from €8,298 to €34,004
- Cash -€17,467
down €17,467 (-95.8%), from €18,235 to €768
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€25,706)
- Other debts +€25,709
up €25,709 (+1182.1%), from €2,175 to €27,883
- Profit (loss) carried forward -€17,344
down €17,344 (-92.0%), from €18,848 to €1,505
- Debts after one year -€7,337
down €7,337 (-49.5%), from €14,837 to €7,500
- Trade debts +€4,031
up €4,031 (+50.5%), from €7,975 to €12,006
- Tax, wage and social debts +€2,755
up €2,755 (+11.9%), from €23,082 to €25,837
of which Taxes: +€2,755
- Other operating charges +€10,238
up €10,238 (+647.8%), from €1,580 to €11,818
- Gross operating margin +€7,146
up €7,146 (+16.1%), from €44,505 to €51,651
- Taxes +€4,165
up €4,165 (+29.6%), from €14,088 to €18,252
- Depreciation +€3,415
up €3,415 (+154.3%), from €2,214 to €5,629
- Financial charges +€757
up €757 (+30.1%), from €2,518 to €3,276
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.
Cash bridge derived
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 | €81,591 | €89,709 | +€8,118 | +9.9% |
| Fixed assets | 21/28 | €54,830 | €54,130 | -€700 | -1.3% |
| Tangible fixed assets | 22/27 | €27,440 | €26,770 | -€670 | -2.4% |
| Furniture and vehicles | 24 | €22,757 | €19,599 | -€3,158 | -13.9% |
| Other tangible fixed assets | 26 | €4,683 | €7,171 | +€2,488 | +53.1% |
| Financial fixed assets | 28 | €27,390 | €27,360 | -€30 | -0.1% |
| Current assets | 29/58 | €26,761 | €35,579 | +€8,818 | +33.0% |
| Amounts receivable within one year | 40/41 | €8,298 | €34,004 | +€25,706 | +309.8% |
| Trade receivables | 40 | €8,298 | €34,004 | +€25,706 | +309.8% |
| Cash at bank and in hand | 54/58 | €18,235 | €768 | -€17,467 | -95.8% |
| Deferred charges and accrued income | 490/1 | €228 | €807 | +€579 | +254.3% |
| Total equity and liabilities | 10/49 | €81,591 | €89,709 | +€8,118 | +9.9% |
| Equity | 10/15 | €23,848 | €6,505 | -€17,344 | -72.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,848 | €1,505 | -€17,344 | -92.0% |
| Amounts payable | 17/49 | €57,743 | €83,204 | +€25,462 | +44.1% |
| Amounts payable after more than one year | 17 | €14,837 | €7,500 | -€7,337 | -49.5% |
| Financial debts | 170/4 | €14,837 | €7,500 | -€7,337 | -49.5% |
| Amounts payable within one year | 42/48 | €41,589 | €74,387 | +€32,798 | +78.9% |
| Current portion of amounts payable after more than one year | 42 | €8,357 | €7,337 | -€1,020 | -12.2% |
| Financial debts | 43 | - | €1,324 | +€1,324 | |
| Credit institutions | 430/8 | - | €1,324 | +€1,324 | |
| Trade debts | 44 | €7,975 | €12,006 | +€4,031 | +50.5% |
| Suppliers | 440/4 | €7,975 | €12,006 | +€4,031 | +50.5% |
| Taxes, remuneration and social security | 45 | €23,082 | €25,837 | +€2,755 | +11.9% |
| Taxes | 450/3 | €23,082 | €25,837 | +€2,755 | +11.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,175 | €27,883 | +€25,709 | +1182.1% |
| Accrued charges and deferred income | 492/3 | €1,316 | €1,317 | +€1 | +0.1% |
| Non-recurring operating income | 76A | - | €344 | +€344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,214 | €5,629 | +€3,415 | +154.3% |
| Other operating charges | 640/8 | €1,580 | €11,818 | +€10,238 | +647.8% |
| Non-recurring operating charges | 66A | - | €20 | +€20 | |
| Gross operating margin | 9900 | €44,505 | €51,651 | +€7,146 | +16.1% |
| Operating profit (loss) | 9901 | €40,711 | €34,184 | -€6,527 | -16.0% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €2,518 | €3,276 | +€757 | +30.1% |
| Recurring financial charges | 65 | €2,518 | €3,276 | +€757 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €38,202 | €30,909 | -€7,294 | -19.1% |
| Income taxes | 67/77 | €14,088 | €18,252 | +€4,165 | +29.6% |
| Profit (loss) for the period | 9904 | €24,115 | €12,656 | -€11,458 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,115 | €12,656 | -€11,458 | -47.5% |
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 11 October 2026 via checked.be.