SEGHERSadvisory: what changed
Two fiscal 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.
SEGHERSadvisory
Largest movements
- Cash +€39,065
up €39,065 (+873.3%), from €4,473 to €43,538
mainly Net result for the year (+€55,207) and Trade debts (+€49,679)
- Receivables within one year +€22,942
up €22,942 (+109.3%), from €20,984 to €43,926
- Reserves +€55,207
up €55,207 (+34.1%), from €161,858 to €217,065
- Trade debts +€49,679
up €49,679 (+8771.4%), from €566 to €50,245
- Tax, wage and social debts -€41,281
down €41,281 (-76.3%), from €54,122 to €12,841
- Gross operating margin -€137,064
down €137,064 (-64.5%), from €212,375 to €75,311
- Taxes -€28,216
down €28,216 (-56.1%), from €50,297 to €22,081
- Financial income +€2,721
up €2,721 (+280488.7%), from €1 to €2,722
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 | €227,566 | €289,433 | +€61,867 | +27.2% |
| Current assets | 29/58 | €227,566 | €289,433 | +€61,867 | +27.2% |
| Amounts receivable within one year | 40/41 | €20,984 | €43,926 | +€22,942 | +109.3% |
| Trade receivables | 40 | €20,984 | €43,926 | +€22,942 | +109.3% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,473 | €43,538 | +€39,065 | +873.3% |
| Deferred charges and accrued income | 490/1 | €2,108 | €1,969 | -€140 | -6.6% |
| Total equity and liabilities | 10/49 | €227,566 | €289,433 | +€61,867 | +27.2% |
| Equity | 10/15 | €164,858 | €220,065 | +€55,207 | +33.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €161,858 | €217,065 | +€55,207 | +34.1% |
| Distributable reserves | 133 | €161,858 | €217,065 | +€55,207 | +34.1% |
| Amounts payable | 17/49 | €62,707 | €69,368 | +€6,661 | +10.6% |
| Amounts payable within one year | 42/48 | €62,707 | €69,041 | +€6,334 | +10.1% |
| Trade debts | 44 | €566 | €50,245 | +€49,679 | +8771.4% |
| Suppliers | 440/4 | €566 | €50,245 | +€49,679 | +8771.4% |
| Taxes, remuneration and social security | 45 | €54,122 | €12,841 | -€41,281 | -76.3% |
| Taxes | 450/3 | €54,122 | €12,841 | -€41,281 | -76.3% |
| Other amounts payable | 47/48 | €8,019 | €5,955 | -€2,064 | -25.7% |
| Accrued charges and deferred income | 492/3 | - | €326 | +€326 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €212,375 | €75,311 | -€137,064 | -64.5% |
| Operating profit (loss) | 9901 | €212,249 | €75,183 | -€137,066 | -64.6% |
| Financial income | 75/76B | €1 | €2,722 | +€2,721 | +280488.7% |
| Recurring financial income | 75 | €1 | €2,722 | +€2,721 | +280488.7% |
| Financial charges | 65/66B | €95 | €617 | +€522 | +550.6% |
| Recurring financial charges | 65 | €95 | €617 | +€522 | +550.6% |
| Profit (loss) for the period before taxes | 9903 | €212,156 | €77,288 | -€134,867 | -63.6% |
| Income taxes | 67/77 | €50,297 | €22,081 | -€28,216 | -56.1% |
| Profit (loss) for the period | 9904 | €161,858 | €55,207 | -€106,651 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €161,858 | €55,207 | -€106,651 | -65.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.