SEGIP: 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.
SEGIP
Largest movements
- Current investments +€333,231
up €333,231 (+815.5%), from €40,865 to €374,095
- Tangible fixed assets -€275,250
down €275,250 (-52.7%), from €522,000 to €246,750
- Receivables within one year +€120,026
up €120,026 (+10.3%), from €1.2m to €1.3m
of which Other amounts receivable: +€124,526
- Cash -€105,598
down €105,598 (-89.0%), from €118,631 to €13,033
mainly Current investments (-€333,231) and Receivables within one year (-€120,026)
- Financial fixed assets -€65,659
down €65,659 (-8.1%), from €808,177 to €742,518
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€28,778
up €28,778 (+93.3%), from €30,857 to €59,636
- Financial charges +€23,822
up €23,822 (+251.2%), from €9,483 to €33,305
of which Financial charges: +€22,836
- Other operating charges +€4,264
up €4,264 (+274.9%), from €1,551 to €5,816
- Gross operating margin -€1,873
down €1,873 (-16.4%), from -€11,426 to -€13,299
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 | €2,662,347 | €2,663,771 | +€1,424 | +0.1% |
| Fixed assets | 21/28 | €1,330,177 | €989,268 | -€340,909 | -25.6% |
| Tangible fixed assets | 22/27 | €522,000 | €246,750 | -€275,250 | -52.7% |
| Plant, machinery and equipment | 23 | €522,000 | €246,750 | -€275,250 | -52.7% |
| Financial fixed assets | 28 | €808,177 | €742,518 | -€65,659 | -8.1% |
| Current assets | 29/58 | €1,332,170 | €1,674,503 | +€342,333 | +25.7% |
| Amounts receivable within one year | 40/41 | €1,167,349 | €1,287,375 | +€120,026 | +10.3% |
| Trade receivables | 40 | €4,500 | €0 | -€4,500 | -100.0% |
| Other amounts receivable | 41 | €1,162,849 | €1,287,375 | +€124,526 | +10.7% |
| Current investments | 50/53 | €40,865 | €374,095 | +€333,231 | +815.5% |
| Cash at bank and in hand | 54/58 | €118,631 | €13,033 | -€105,598 | -89.0% |
| Deferred charges and accrued income | 490/1 | €5,326 | €0 | -€5,326 | -100.0% |
| Total equity and liabilities | 10/49 | €2,662,347 | €2,663,771 | +€1,424 | +0.1% |
| Equity | 10/15 | €2,662,347 | €2,662,813 | +€465 | 0.0% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €1,098,800 | €1,098,800 | = | 0.0% |
| Distributable reserves | 133 | €1,098,800 | €1,098,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,525,547 | €1,526,013 | +€465 | 0.0% |
| Amounts payable | 17/49 | €0 | €958 | +€958 | |
| Amounts payable within one year | 42/48 | €0 | €958 | +€958 | |
| Trade debts | 44 | €0 | €958 | +€958 | |
| Suppliers | 440/4 | €0 | €958 | +€958 | |
| Other operating charges | 640/8 | €1,551 | €5,816 | +€4,264 | +274.9% |
| Non-recurring operating charges | 66A | €15,500 | €6,750 | -€8,750 | -56.5% |
| Gross operating margin | 9900 | -€11,426 | -€13,299 | -€1,873 | -16.4% |
| Operating profit (loss) | 9901 | -€28,477 | -€25,865 | +€2,613 | +9.2% |
| Financial income | 75/76B | €30,857 | €59,636 | +€28,778 | +93.3% |
| Recurring financial income | 75 | €30,857 | €59,636 | +€28,778 | +93.3% |
| Financial charges | 65/66B | €9,483 | €33,305 | +€23,822 | +251.2% |
| Recurring financial charges | 65 | €9,226 | €32,062 | +€22,836 | +247.5% |
| Non-recurring financial charges | 66B | €257 | €1,243 | +€986 | +383.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,103 | €465 | +€7,569 | |
| Profit (loss) for the period | 9904 | -€7,103 | €465 | +€7,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,103 | €465 | +€7,569 |
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 7 October 2026 via checked.be.