SEGUROS: 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.
SEGUROS
Largest movements
- Cash +€50,314
up €50,314 (+217%), from €23,194 to €73,508
mainly Contributions, distributions and other (+€212,517) and Net result for the year (+€15,737)
- Tangible fixed assets +€9,449
up €9,449 (+47.0%), from €20,122 to €29,571
of which Plant, machinery and equipment: +€7,933
- Contributions +€212,517
up €212,517 (+684%), from €31,092 to €243,609
- Debts after one year -€154,748
down €154,748 (-68.6%), from €225,687 to €70,938
- Profit (loss) carried forward +€15,737
up €15,737 (+6.2%), from -€255,665 to -€239,928
- Trade debts -€9,447
down €9,447 (-36.9%), from €25,582 to €16,136
- Current portion of long-term debt -€8,816
no longer reported in 2025 (was €8,816)
- Gross operating margin +€13,531
up €13,531 (+16.7%), from €81,081 to €94,612
- Financial charges -€5,024
down €5,024 (-30.8%), from €16,291 to €11,267
- Taxes +€4,734
up €4,734 (+76.6%), from €6,177 to €10,911
- Staff costs +€1,905
up €1,905 (+4.1%), from €46,730 to €48,635
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 | €45,277 | €105,036 | +€59,758 | +132% |
| Fixed assets | 21/28 | €20,622 | €30,071 | +€9,449 | +45.8% |
| Tangible fixed assets | 22/27 | €20,122 | €29,571 | +€9,449 | +47.0% |
| Land and buildings | 22 | €10,961 | €13,879 | +€2,919 | +26.6% |
| Plant, machinery and equipment | 23 | €5,864 | €13,796 | +€7,933 | +135% |
| Furniture and vehicles | 24 | €3,298 | €1,896 | -€1,402 | -42.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €24,656 | €74,965 | +€50,309 | +204% |
| Cash at bank and in hand | 54/58 | €23,194 | €73,508 | +€50,314 | +217% |
| Deferred charges and accrued income | 490/1 | €1,462 | €1,457 | -€5 | -0.3% |
| Total equity and liabilities | 10/49 | €45,277 | €105,036 | +€59,758 | +132% |
| Equity | 10/15 | -€224,573 | €3,681 | +€228,253 | |
| Contributions | 10/11 | €31,092 | €243,609 | +€212,517 | +684% |
| Profit (loss) carried forward | 14 | -€255,665 | -€239,928 | +€15,737 | +6.2% |
| Amounts payable | 17/49 | €269,850 | €101,355 | -€168,495 | -62.4% |
| Amounts payable after more than one year | 17 | €225,687 | €70,938 | -€154,748 | -68.6% |
| Financial debts | 170/4 | €225,687 | €70,938 | -€154,748 | -68.6% |
| Amounts payable within one year | 42/48 | €44,163 | €30,417 | -€13,747 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €8,816 | - | -€8,816 | |
| Trade debts | 44 | €25,582 | €16,136 | -€9,447 | -36.9% |
| Suppliers | 440/4 | €25,582 | €16,136 | -€9,447 | -36.9% |
| Taxes, remuneration and social security | 45 | €9,765 | €14,281 | +€4,516 | +46.2% |
| Taxes | 450/3 | €3,957 | €4,911 | +€954 | +24.1% |
| Remuneration and social security | 454/9 | €5,807 | €9,370 | +€3,563 | +61.3% |
| Remuneration, social security and pensions | 62 | €46,730 | €48,635 | +€1,905 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,567 | €7,011 | +€444 | +6.8% |
| Other operating charges | 640/8 | €915 | €1,051 | +€136 | +14.8% |
| Gross operating margin | 9900 | €81,081 | €94,612 | +€13,531 | +16.7% |
| Operating profit (loss) | 9901 | €26,869 | €37,914 | +€11,045 | +41.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €16,291 | €11,267 | -€5,024 | -30.8% |
| Recurring financial charges | 65 | €16,291 | €11,267 | -€5,024 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €10,578 | €26,647 | +€16,070 | +152% |
| Income taxes | 67/77 | €6,177 | €10,911 | +€4,734 | +76.6% |
| Profit (loss) for the period | 9904 | €4,401 | €15,737 | +€11,336 | +258% |
| Profit (loss) for the period to be appropriated | 9905 | €4,401 | €15,737 | +€11,336 | +258% |
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 31 October 2026 via checked.be.