SEGO CONSTRUCT: 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.
SEGO CONSTRUCT
Largest movements
- Cash -€16,239
down €16,239 (-12.2%), from €133,425 to €117,186
mainly Net result for the year (-€22,848) and Investment in fixed assets (net) (-€14,812)
- Tangible fixed assets -€4,004
down €4,004 (-2.8%), from €142,680 to €138,676
of which Land and buildings: -€9,472
- Profit (loss) carried forward -€22,848
new in 2025: -€22,848
- Gross operating margin -€43,439
down €43,439 (-87.5%), from €49,654 to €6,215
- Taxes +€6,739
up €6,739 (+269%), from €2,503 to €9,242
- Depreciation +€2,963
up €2,963 (+18.7%), from €15,853 to €18,816
- Financial income -€552
no longer reported in 2025 (was €552)
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 | €322,911 | €300,682 | -€22,229 | -6.9% |
| Fixed assets | 21/28 | €142,680 | €138,676 | -€4,004 | -2.8% |
| Tangible fixed assets | 22/27 | €142,680 | €138,676 | -€4,004 | -2.8% |
| Land and buildings | 22 | €142,680 | €133,208 | -€9,472 | -6.6% |
| Furniture and vehicles | 24 | - | €5,468 | +€5,468 | |
| Current assets | 29/58 | €180,231 | €162,006 | -€18,225 | -10.1% |
| Amounts receivable within one year | 40/41 | €46,465 | €44,479 | -€1,986 | -4.3% |
| Trade receivables | 40 | €2,073 | €2,073 | = | 0.0% |
| Other amounts receivable | 41 | €44,392 | €42,406 | -€1,986 | -4.5% |
| Cash at bank and in hand | 54/58 | €133,425 | €117,186 | -€16,239 | -12.2% |
| Deferred charges and accrued income | 490/1 | €341 | €341 | = | 0.0% |
| Total equity and liabilities | 10/49 | €322,911 | €300,682 | -€22,229 | -6.9% |
| Equity | 10/15 | €322,911 | €300,063 | -€22,848 | -7.1% |
| Contributions | 10/11 | €152,092 | €153,951 | +€1,859 | +1.2% |
| Reserves | 13 | €170,819 | €168,960 | -€1,859 | -1.1% |
| Tax-exempt reserves | 132 | €1,565 | €1,565 | = | 0.0% |
| Distributable reserves | 133 | €169,254 | €167,395 | -€1,859 | -1.1% |
| Profit (loss) carried forward | 14 | - | -€22,848 | -€22,848 | |
| Amounts payable | 17/49 | - | €619 | +€619 | |
| Amounts payable within one year | 42/48 | - | €619 | +€619 | |
| Trade debts | 44 | - | €221 | +€221 | |
| Suppliers | 440/4 | - | €221 | +€221 | |
| Taxes, remuneration and social security | 45 | - | €398 | +€398 | |
| Taxes | 450/3 | - | €398 | +€398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,853 | €18,816 | +€2,963 | +18.7% |
| Other operating charges | 640/8 | €446 | €527 | +€81 | +18.2% |
| Gross operating margin | 9900 | €49,654 | €6,215 | -€43,439 | -87.5% |
| Operating profit (loss) | 9901 | €33,355 | -€13,128 | -€46,483 | |
| Financial income | 75/76B | €552 | - | -€552 | |
| Recurring financial income | 75 | €552 | - | -€552 | |
| Financial charges | 65/66B | - | €478 | +€478 | |
| Recurring financial charges | 65 | - | €478 | +€478 | |
| Profit (loss) for the period before taxes | 9903 | €33,907 | -€13,606 | -€47,513 | |
| Income taxes | 67/77 | €2,503 | €9,242 | +€6,739 | +269% |
| Profit (loss) for the period | 9904 | €31,404 | -€22,848 | -€54,252 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,404 | -€22,848 | -€54,252 |
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 13 October 2026 via checked.be.