SEGUR: 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.
SEGUR
Largest movements
- Financial fixed assets +€322,678
up €322,678 (+27.0%), from €1.2m to €1.5m
- Current investments -€132,722
down €132,722 (-2.8%), from €4.7m to €4.6m
- Receivables after one year -€100,000
down €100,000 (-10.0%), from €1.0m to €900,000
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€76,606
down €76,606 (-54.5%), from €140,641 to €64,035
- Financial charges -€15,783
down €15,783 (-32.0%), from €49,348 to €33,565
- Taxes +€7,661
up €7,661 (+1253.7%), from €611 to €8,272
- Gross operating margin +€1,947
up €1,947 (+28.5%), from -€6,842 to -€4,895
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 | €6,958,000 | €7,000,192 | +€42,191 | +0.6% |
| Fixed assets | 21/28 | €1,192,912 | €1,515,590 | +€322,678 | +27.0% |
| Financial fixed assets | 28 | €1,192,912 | €1,515,590 | +€322,678 | +27.0% |
| Current assets | 29/58 | €5,765,088 | €5,484,602 | -€280,487 | -4.9% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €900,000 | -€100,000 | -10.0% |
| Other amounts receivable | 291 | €1,000,000 | €900,000 | -€100,000 | -10.0% |
| Current investments | 50/53 | €4,690,385 | €4,557,663 | -€132,722 | -2.8% |
| Cash at bank and in hand | 54/58 | €67,388 | €20,355 | -€47,033 | -69.8% |
| Deferred charges and accrued income | 490/1 | €7,315 | €6,584 | -€732 | -10.0% |
| Total equity and liabilities | 10/49 | €6,958,000 | €7,000,192 | +€42,191 | +0.6% |
| Equity | 10/15 | €6,670,164 | €6,686,468 | +€16,304 | +0.2% |
| Contributions | 10/11 | €6,708,000 | €6,708,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,836 | -€21,532 | +€16,304 | +43.1% |
| Amounts payable | 17/49 | €287,836 | €313,724 | +€25,888 | +9.0% |
| Amounts payable within one year | 42/48 | €2,033 | €15,249 | +€13,217 | +650.2% |
| Trade debts | 44 | €88 | €3,383 | +€3,295 | +3757.2% |
| Suppliers | 440/4 | €88 | €3,383 | +€3,295 | +3757.2% |
| Taxes, remuneration and social security | 45 | €611 | €8,272 | +€7,661 | +1253.7% |
| Taxes | 450/3 | €611 | €8,272 | +€7,661 | +1253.7% |
| Other amounts payable | 47/48 | €1,334 | €3,594 | +€2,260 | +169.4% |
| Accrued charges and deferred income | 492/3 | €285,804 | €298,475 | +€12,671 | +4.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€6,842 | -€4,895 | +€1,947 | +28.5% |
| Operating profit (loss) | 9901 | -€7,810 | -€5,894 | +€1,916 | +24.5% |
| Financial income | 75/76B | €140,641 | €64,035 | -€76,606 | -54.5% |
| Recurring financial income | 75 | €140,641 | €64,035 | -€76,606 | -54.5% |
| Financial charges | 65/66B | €49,348 | €33,565 | -€15,783 | -32.0% |
| Recurring financial charges | 65 | €49,348 | €33,565 | -€15,783 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €83,483 | €24,576 | -€58,907 | -70.6% |
| Income taxes | 67/77 | €611 | €8,272 | +€7,661 | +1253.7% |
| Profit (loss) for the period | 9904 | €82,872 | €16,304 | -€66,568 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,872 | €16,304 | -€66,568 | -80.3% |
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.