SEGIRA: 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.
SEGIRA
Largest movements
- Cash -€18,712
down €18,712 (-33.9%), from €55,240 to €36,529
mainly Tax, wage and social debts (-€49,272) and Receivables within one year (-€17,967)
- Receivables within one year +€17,967
up €17,967 (+8.4%), from €212,919 to €230,886
of which Trade receivables: +€11,163
- Tangible fixed assets -€8,128
down €8,128 (-33.7%), from €24,089 to €15,961
of which Furniture and vehicles: -€6,453
- Deferred charges and accrued income +€4,354
up €4,354 (+91.5%), from €4,756 to €9,110
- Tax, wage and social debts -€49,272
down €49,272 (-60.0%), from €82,130 to €32,858
of which Taxes: -€37,946
- Reserves +€30,204
up €30,204 (+33.2%), from €90,908 to €121,112
of which Distributable reserves: +€30,204
- Trade debts +€26,561
up €26,561 (+247%), from €10,767 to €37,328
- Current portion of long-term debt -€9,110
down €9,110 (-79.0%), from €11,532 to €2,422
- Taxes -€50,466
down €50,466 (-71.3%), from €70,804 to €20,338
- Gross operating margin -€27,892
down €27,892 (-6.1%), from €457,541 to €429,649
- Other operating charges +€18,923
up €18,923 (+401%), from €4,717 to €23,640
- Staff costs +€14,118
up €14,118 (+4.6%), from €309,037 to €323,155
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 | €298,105 | €293,586 | -€4,519 | -1.5% |
| Fixed assets | 21/28 | €25,189 | €17,061 | -€8,128 | -32.3% |
| Tangible fixed assets | 22/27 | €24,089 | €15,961 | -€8,128 | -33.7% |
| Plant, machinery and equipment | 23 | €4,431 | €2,756 | -€1,675 | -37.8% |
| Furniture and vehicles | 24 | €19,658 | €13,205 | -€6,453 | -32.8% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €272,916 | €276,525 | +€3,609 | +1.3% |
| Amounts receivable within one year | 40/41 | €212,919 | €230,886 | +€17,967 | +8.4% |
| Trade receivables | 40 | €693 | €11,857 | +€11,163 | +1,610% |
| Other amounts receivable | 41 | €212,226 | €219,030 | +€6,803 | +3.2% |
| Cash at bank and in hand | 54/58 | €55,240 | €36,529 | -€18,712 | -33.9% |
| Deferred charges and accrued income | 490/1 | €4,756 | €9,110 | +€4,354 | +91.5% |
| Total equity and liabilities | 10/49 | €298,105 | €293,586 | -€4,519 | -1.5% |
| Equity | 10/15 | €190,774 | €220,978 | +€30,204 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,908 | €121,112 | +€30,204 | +33.2% |
| 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 | €89,048 | €119,252 | +€30,204 | +33.9% |
| Profit (loss) carried forward | 14 | €81,266 | €81,266 | = | 0.0% |
| Amounts payable | 17/49 | €107,331 | €72,608 | -€34,723 | -32.4% |
| Amounts payable after more than one year | 17 | €2,422 | - | -€2,422 | |
| Financial debts | 170/4 | €2,422 | - | -€2,422 | |
| Amounts payable within one year | 42/48 | €104,429 | €72,608 | -€31,821 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €11,532 | €2,422 | -€9,110 | -79.0% |
| Trade debts | 44 | €10,767 | €37,328 | +€26,561 | +247% |
| Suppliers | 440/4 | €10,767 | €37,328 | +€26,561 | +247% |
| Taxes, remuneration and social security | 45 | €82,130 | €32,858 | -€49,272 | -60.0% |
| Taxes | 450/3 | €70,804 | €32,858 | -€37,946 | -53.6% |
| Remuneration and social security | 454/9 | €11,325 | - | -€11,325 | |
| Accrued charges and deferred income | 492/3 | €480 | - | -€480 | |
| Remuneration, social security and pensions | 62 | €309,037 | €323,155 | +€14,118 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,224 | €14,628 | -€1,596 | -9.8% |
| Other operating charges | 640/8 | €4,717 | €23,640 | +€18,923 | +401% |
| Non-recurring operating charges | 66A | €5,674 | - | -€5,674 | |
| Gross operating margin | 9900 | €457,541 | €429,649 | -€27,892 | -6.1% |
| Operating profit (loss) | 9901 | €121,888 | €68,225 | -€53,663 | -44.0% |
| Financial income | 75/76B | €2,694 | €2,515 | -€178 | -6.6% |
| Recurring financial income | 75 | €2,694 | €2,515 | -€178 | -6.6% |
| Financial charges | 65/66B | €5,700 | €4,239 | -€1,461 | -25.6% |
| Recurring financial charges | 65 | €5,700 | €4,239 | -€1,461 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €118,882 | €66,501 | -€52,380 | -44.1% |
| Income taxes | 67/77 | €70,804 | €20,338 | -€50,466 | -71.3% |
| Profit (loss) for the period | 9904 | €48,077 | €46,163 | -€1,914 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,077 | €46,163 | -€1,914 | -4.0% |
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.