SEGONNES: 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.
What changed
SEGONNES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€46,211
2024 · €174,693-€128,483
Equity
€4.9m
2024 · €4.8m+€46,211
Cash
€1,495
2024 · €18,227-€16,732
Balance sheet total
€10.0m
2024 · €10.3m-€243,807
Largest movements
Assets
- Tangible fixed assets -€292,865
down €292,865 (-3.8%), from €7.7m to €7.4m
Equity and liabilities
- Debts after one year -€233,756
down €233,756 (-4.6%), from €5.1m to €4.8m
of which Financial debts: -€233,756
Income statement
- Depreciation +€125,015
up €125,015 (+59.3%), from €210,745 to €335,760
- Gross operating margin -€27,797
down €27,797 (-5.4%), from €511,575 to €483,778
- Financial charges -€25,850
down €25,850 (-27.1%), from €95,524 to €69,674
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.
Result 2024
€174,693
Gross operating margin
-€27,797
Depreciation
-€125,015
Other operating charges
-€1,520
Financial charges
+€25,850
Result 2025
€46,211
raises the resultlowers the result
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.
From operations
+€304,172
Investment
-€42,895
Financing
-€278,008
Cash 2024
€18,227
From operations (derived)
+€304,172
Net result for the year
+€46,211
Depreciation
+€335,760
Receivables within one year
-€65,483
Smaller working-capital items
+€444
Trade debts
-€15,839
Tax, wage and social debts
+€3,079
Investment (derived)
-€42,895
Investment in fixed assets (net)
-€42,895
Financing
-€278,008
Debts after one year
-€233,756
Current portion of long-term debt
-€44,714
Short-term financial debts
+€462
Cash 2025
€1,495
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,251,281 | €10,007,474 | -€243,807 | -2.4% |
| Fixed assets | 21/28 | €9,321,065 | €9,028,200 | -€292,865 | -3.1% |
| Tangible fixed assets | 22/27 | €7,669,108 | €7,376,243 | -€292,865 | -3.8% |
| Land and buildings | 22 | €7,669,108 | €7,376,243 | -€292,865 | -3.8% |
| Financial fixed assets | 28 | €1,651,957 | €1,651,957 | = | 0.0% |
| Current assets | 29/58 | €930,217 | €979,275 | +€49,058 | +5.3% |
| Amounts receivable within one year | 40/41 | €910,119 | €975,602 | +€65,483 | +7.2% |
| Trade receivables | 40 | €64,945 | €27,049 | -€37,896 | -58.4% |
| Other amounts receivable | 41 | €845,174 | €948,553 | +€103,379 | +12.2% |
| Cash at bank and in hand | 54/58 | €18,227 | €1,495 | -€16,732 | -91.8% |
| Deferred charges and accrued income | 490/1 | €1,871 | €2,178 | +€306 | +16.4% |
| Total equity and liabilities | 10/49 | €10,251,281 | €10,007,474 | -€243,807 | -2.4% |
| Equity | 10/15 | €4,845,030 | €4,891,240 | +€46,211 | +1.0% |
| Contributions | 10/11 | €171,064 | €171,064 | = | 0.0% |
| Capital | 10 | €171,064 | €171,064 | = | 0.0% |
| Issued capital | 100 | €171,064 | €171,064 | = | 0.0% |
| Revaluation surpluses | 12 | €3,600,000 | €3,600,000 | = | 0.0% |
| Reserves | 13 | €17,106 | €17,106 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,106 | €17,106 | = | 0.0% |
| Legal reserve | 130 | €17,106 | €17,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,056,859 | €1,103,070 | +€46,211 | +4.4% |
| Amounts payable | 17/49 | €5,406,252 | €5,116,234 | -€290,018 | -5.4% |
| Amounts payable after more than one year | 17 | €5,072,917 | €4,839,161 | -€233,756 | -4.6% |
| Financial debts | 170/4 | €4,890,917 | €4,657,161 | -€233,756 | -4.8% |
| Other amounts payable | 178/9 | €182,000 | €182,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €333,335 | €277,073 | -€56,262 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €287,695 | €242,981 | -€44,714 | -15.5% |
| Financial debts | 43 | €15,074 | €15,536 | +€462 | +3.1% |
| Credit institutions | 430/8 | €15,074 | - | -€15,074 | |
| Other loans | 439 | - | €15,536 | +€15,536 | |
| Trade debts | 44 | €29,845 | €14,007 | -€15,839 | -53.1% |
| Suppliers | 440/4 | €29,845 | €14,007 | -€15,839 | -53.1% |
| Taxes, remuneration and social security | 45 | €720 | €3,799 | +€3,079 | +428% |
| Taxes | 450/3 | €720 | €3,799 | +€3,079 | +428% |
| Other amounts payable | 47/48 | - | €750 | +€750 | |
| Non-recurring operating income | 76A | €6,062 | - | -€6,062 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,745 | €335,760 | +€125,015 | +59.3% |
| Other operating charges | 640/8 | €30,613 | €32,133 | +€1,520 | +5.0% |
| Gross operating margin | 9900 | €511,575 | €483,778 | -€27,797 | -5.4% |
| Operating profit (loss) | 9901 | €270,218 | €115,885 | -€154,333 | -57.1% |
| Financial charges | 65/66B | €95,524 | €69,674 | -€25,850 | -27.1% |
| Recurring financial charges | 65 | €95,524 | €69,674 | -€25,850 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €174,693 | €46,211 | -€128,483 | -73.5% |
| Profit (loss) for the period | 9904 | €174,693 | €46,211 | -€128,483 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €174,693 | €46,211 | -€128,483 | -73.5% |
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 28 October 2026 via checked.be.