SEGIFI: 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.
SEGIFI
Largest movements
- Stocks and contracts -€19,365
down €19,365 (-21.9%), from €88,601 to €69,236
- Cash +€8,012
up €8,012 (+69.6%), from €11,513 to €19,526
mainly Stocks and contracts (+€19,365) and Net result for the year (+€11,433)
- Tangible fixed assets +€4,647
up €4,647 (+47.2%), from €9,842 to €14,489
of which Plant, machinery and equipment: +€5,046
- Receivables within one year +€1,976
up €1,976 (+26.0%), from €7,612 to €9,588
of which Other amounts receivable: +€1,200
- Profit (loss) carried forward +€11,433
up €11,433 (+284%), from €4,019 to €15,452
- Tax, wage and social debts -€8,496
down €8,496 (-21.0%), from €40,514 to €32,018
of which Taxes: -€11,407
- Trade debts -€7,417
down €7,417 (-14.5%), from €51,263 to €43,847
- Gross operating margin +€40,096
up €40,096 (+23.2%), from €172,768 to €212,865
- Staff costs +€10,820
up €10,820 (+5.9%), from €182,517 to €193,337
- Financial charges -€7,387
down €7,387 (-61.2%), from €12,067 to €4,679
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 | €118,207 | €113,477 | -€4,730 | -4.0% |
| Fixed assets | 21/28 | €10,480 | €15,127 | +€4,647 | +44.3% |
| Tangible fixed assets | 22/27 | €9,842 | €14,489 | +€4,647 | +47.2% |
| Plant, machinery and equipment | 23 | €9,444 | €14,489 | +€5,046 | +53.4% |
| Furniture and vehicles | 24 | €399 | - | -€399 | |
| Financial fixed assets | 28 | €638 | €638 | = | 0.0% |
| Current assets | 29/58 | €107,727 | €98,350 | -€9,377 | -8.7% |
| Stocks and contracts in progress | 3 | €88,601 | €69,236 | -€19,365 | -21.9% |
| Stocks | 30/36 | €88,601 | €69,236 | -€19,365 | -21.9% |
| Amounts receivable within one year | 40/41 | €7,612 | €9,588 | +€1,976 | +26.0% |
| Trade receivables | 40 | €6,468 | €7,244 | +€776 | +12.0% |
| Other amounts receivable | 41 | €1,144 | €2,344 | +€1,200 | +105% |
| Cash at bank and in hand | 54/58 | €11,513 | €19,526 | +€8,012 | +69.6% |
| Total equity and liabilities | 10/49 | €118,207 | €113,477 | -€4,730 | -4.0% |
| Equity | 10/15 | €24,479 | €35,912 | +€11,433 | +46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,019 | €15,452 | +€11,433 | +284% |
| Amounts payable | 17/49 | €93,727 | €77,565 | -€16,163 | -17.2% |
| Amounts payable within one year | 42/48 | €93,477 | €77,565 | -€15,912 | -17.0% |
| Trade debts | 44 | €51,263 | €43,847 | -€7,417 | -14.5% |
| Suppliers | 440/4 | €51,263 | €43,847 | -€7,417 | -14.5% |
| Advances received on contracts in progress | 46 | €1,700 | €1,700 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €40,514 | €32,018 | -€8,496 | -21.0% |
| Taxes | 450/3 | €14,123 | €2,717 | -€11,407 | -80.8% |
| Remuneration and social security | 454/9 | €26,390 | €29,302 | +€2,911 | +11.0% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €182,517 | €193,337 | +€10,820 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,647 | €3,354 | -€293 | -8.0% |
| Other operating charges | 640/8 | €469 | €162 | -€306 | -65.4% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €172,768 | €212,865 | +€40,096 | +23.2% |
| Operating profit (loss) | 9901 | -€15,364 | €16,012 | +€31,375 | |
| Financial income | 75/76B | €509 | €100 | -€409 | -80.3% |
| Recurring financial income | 75 | €509 | €100 | -€409 | -80.3% |
| Financial charges | 65/66B | €12,067 | €4,679 | -€7,387 | -61.2% |
| Recurring financial charges | 65 | €12,067 | €4,679 | -€7,387 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,921 | €11,433 | +€38,354 | |
| Income taxes | 67/77 | €26 | - | -€26 | |
| Profit (loss) for the period | 9904 | -€26,947 | €11,433 | +€38,380 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,947 | €11,433 | +€38,380 |
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 17 October 2026 via checked.be.