Séverine SEGIER Avocat: 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.
Séverine SEGIER Avocat
Largest movements
- Receivables within one year +€52,741
up €52,741 (+9.6%), from €549,978 to €602,719
of which Other amounts receivable: +€47,412
- Other debts +€150,000
new in 2025: €150,000
- Reserves -€110,000
down €110,000 (-40.3%), from €273,000 to €163,000
- Gross operating margin -€46,002
down €46,002 (-51.4%), from €89,443 to €43,442
- Taxes -€13,747
down €13,747 (-42.4%), from €32,437 to €18,690
- Financial income +€1,282
up €1,282 (+4.9%), from €26,252 to €27,534
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 | €577,271 | €623,396 | +€46,125 | +8.0% |
| Fixed assets | 21/28 | €4,929 | €1,426 | -€3,503 | -71.1% |
| Tangible fixed assets | 22/27 | €4,755 | €1,251 | -€3,503 | -73.7% |
| Furniture and vehicles | 24 | €4,755 | €1,251 | -€3,503 | -73.7% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €572,342 | €621,970 | +€49,628 | +8.7% |
| Amounts receivable within one year | 40/41 | €549,978 | €602,719 | +€52,741 | +9.6% |
| Trade receivables | 40 | €2,049 | €7,378 | +€5,328 | +260% |
| Other amounts receivable | 41 | €547,929 | €595,341 | +€47,412 | +8.7% |
| Cash at bank and in hand | 54/58 | €21,263 | €18,055 | -€3,207 | -15.1% |
| Deferred charges and accrued income | 490/1 | €1,101 | €1,196 | +€95 | +8.6% |
| Total equity and liabilities | 10/49 | €577,271 | €623,396 | +€46,125 | +8.0% |
| Equity | 10/15 | €511,685 | €407,630 | -€104,055 | -20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,000 | €163,000 | -€110,000 | -40.3% |
| Distributable reserves | 133 | €273,000 | €163,000 | -€110,000 | -40.3% |
| Profit (loss) carried forward | 14 | €220,085 | €226,030 | +€5,945 | +2.7% |
| Amounts payable | 17/49 | €65,587 | €215,766 | +€150,180 | +229% |
| Amounts payable within one year | 42/48 | €65,587 | €214,466 | +€148,880 | +227% |
| Trade debts | 44 | €5,792 | €10,700 | +€4,908 | +84.7% |
| Suppliers | 440/4 | €5,792 | €10,700 | +€4,908 | +84.7% |
| Taxes, remuneration and social security | 45 | €59,795 | €53,766 | -€6,029 | -10.1% |
| Taxes | 450/3 | €59,795 | €53,766 | -€6,029 | -10.1% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,300 | +€1,300 | |
| Non-recurring operating income | 76A | - | €2,651 | +€2,651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,833 | €5,131 | +€298 | +6.2% |
| Other operating charges | 640/8 | €511 | €644 | +€133 | +26.0% |
| Gross operating margin | 9900 | €89,443 | €43,442 | -€46,002 | -51.4% |
| Operating profit (loss) | 9901 | €84,099 | €37,666 | -€46,433 | -55.2% |
| Financial income | 75/76B | €26,252 | €27,534 | +€1,282 | +4.9% |
| Recurring financial income | 75 | €26,252 | €27,534 | +€1,282 | +4.9% |
| Financial charges | 65/66B | €709 | €566 | -€143 | -20.2% |
| Recurring financial charges | 65 | €709 | €566 | -€143 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €109,642 | €64,635 | -€45,007 | -41.0% |
| Income taxes | 67/77 | €32,437 | €18,690 | -€13,747 | -42.4% |
| Profit (loss) for the period | 9904 | €77,205 | €45,945 | -€31,260 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,205 | €45,945 | -€31,260 | -40.5% |
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 31 October 2026 via checked.be.