SEGHERS VALIDATION CONSULTING SERVICES: 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 VALIDATION CONSULTING SERVICES
Largest movements
- Cash +€45,338
up €45,338 (+107%), from €42,301 to €87,639
mainly Other debts (+€75,940) and Net result for the year (+€70,804)
- Tangible fixed assets +€27,771
up €27,771 (+1,224%), from €2,270 to €30,041
- Receivables within one year +€4,404
up €4,404 (+8.8%), from €50,255 to €54,658
of which Trade receivables: +€7,623
- Other debts +€75,940
up €75,940 (+548%), from €13,860 to €89,800
- Reserves -€19,000
down €19,000 (-40.5%), from €46,860 to €27,860
of which Distributable reserves: -€19,000
- Current portion of long-term debt +€12,565
up €12,565 (+220%), from €5,724 to €18,289
- Tax, wage and social debts +€5,347
up €5,347 (+28.2%), from €18,963 to €24,310
of which Taxes: +€7,274
- Trade debts +€2,556
up €2,556 (+107%), from €2,384 to €4,940
- Gross operating margin +€81,637
up €81,637 (+96.5%), from €84,596 to €166,233
- Taxes +€22,093
up €22,093 (+314%), from €7,028 to €29,121
- Depreciation +€3,758
up €3,758 (+164%), from €2,298 to €6,056
- Staff costs +€1,745
up €1,745 (+3.1%), from €56,581 to €58,326
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 | €99,876 | €177,861 | +€77,985 | +78.1% |
| Fixed assets | 21/28 | €4,360 | €32,131 | +€27,771 | +637% |
| Tangible fixed assets | 22/27 | €2,270 | €30,041 | +€27,771 | +1,224% |
| Furniture and vehicles | 24 | €2,270 | €30,041 | +€27,771 | +1,224% |
| Financial fixed assets | 28 | €2,090 | €2,090 | = | 0.0% |
| Current assets | 29/58 | €95,516 | €145,730 | +€50,214 | +52.6% |
| Amounts receivable within one year | 40/41 | €50,255 | €54,658 | +€4,404 | +8.8% |
| Trade receivables | 40 | €20,046 | €27,669 | +€7,623 | +38.0% |
| Other amounts receivable | 41 | €30,209 | €26,989 | -€3,219 | -10.7% |
| Cash at bank and in hand | 54/58 | €42,301 | €87,639 | +€45,338 | +107% |
| Deferred charges and accrued income | 490/1 | €2,961 | €3,433 | +€472 | +15.9% |
| Total equity and liabilities | 10/49 | €99,876 | €177,861 | +€77,985 | +78.1% |
| Equity | 10/15 | €53,139 | €34,143 | -€18,996 | -35.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,860 | €27,860 | -€19,000 | -40.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €26,000 | -€19,000 | -42.2% |
| Profit (loss) carried forward | 14 | €79 | €83 | +€4 | +5.3% |
| Amounts payable | 17/49 | €46,737 | €143,718 | +€96,981 | +208% |
| Amounts payable after more than one year | 17 | €5,790 | €6,380 | +€590 | +10.2% |
| Financial debts | 170/4 | €5,790 | €6,380 | +€590 | +10.2% |
| Amounts payable within one year | 42/48 | €40,931 | €137,338 | +€96,407 | +236% |
| Current portion of amounts payable after more than one year | 42 | €5,724 | €18,289 | +€12,565 | +220% |
| Trade debts | 44 | €2,384 | €4,940 | +€2,556 | +107% |
| Suppliers | 440/4 | €2,384 | €4,940 | +€2,556 | +107% |
| Taxes, remuneration and social security | 45 | €18,963 | €24,310 | +€5,347 | +28.2% |
| Taxes | 450/3 | €10,064 | €17,338 | +€7,274 | +72.3% |
| Remuneration and social security | 454/9 | €8,899 | €6,972 | -€1,927 | -21.7% |
| Other amounts payable | 47/48 | €13,860 | €89,800 | +€75,940 | +548% |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100% |
| Remuneration, social security and pensions | 62 | €56,581 | €58,326 | +€1,745 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,298 | €6,056 | +€3,758 | +164% |
| Other operating charges | 640/8 | €747 | €694 | -€53 | -7.1% |
| Gross operating margin | 9900 | €84,596 | €166,233 | +€81,637 | +96.5% |
| Operating profit (loss) | 9901 | €24,970 | €101,157 | +€76,187 | +305% |
| Financial income | 75/76B | €88 | €0 | -€88 | -100% |
| Recurring financial income | 75 | €88 | €0 | -€88 | -100% |
| Financial charges | 65/66B | €1,055 | €1,231 | +€176 | +16.7% |
| Recurring financial charges | 65 | €1,055 | €1,231 | +€176 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €24,003 | €99,926 | +€75,922 | +316% |
| Income taxes | 67/77 | €7,028 | €29,121 | +€22,093 | +314% |
| Profit (loss) for the period | 9904 | €16,975 | €70,804 | +€53,829 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €16,975 | €70,804 | +€53,829 | +317% |
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 22 October 2026 via checked.be.