YVES SEGERS: 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.
YVES SEGERS
Largest movements
- Cash +€42,833
up €42,833 (+266%), from €16,075 to €58,908
mainly Receivables within one year (+€30,485) and Net result for the year (+€13,214)
- Receivables within one year -€30,485
down €30,485 (-76.2%), from €40,006 to €9,520
of which Other amounts receivable: -€25,722
- Tangible fixed assets -€4,761
down €4,761 (-75.7%), from €6,292 to €1,531
of which Furniture and vehicles: -€4,590
- Stocks and contracts +€1,980
up €1,980 (+25.3%), from €7,819 to €9,799
- Tax, wage and social debts +€6,623
up €6,623 (+65.3%), from €10,148 to €16,771
of which Taxes: +€7,740
- Reserves +€4,977
up €4,977 (+15.3%), from €32,563 to €37,540
- Current portion of long-term debt -€4,900
down €4,900 (-100%), from €4,900 to €0
- Other debts +€3,214
new in 2025: €3,214
- Financial income -€1,382
down €1,382 (-93.9%), from €1,472 to €90
- Financial charges +€1,315
up €1,315 (+146%), from €903 to €2,218
- Gross operating margin -€1,199
down €1,199 (-3.6%), from €32,967 to €31,768
- Taxes -€1,146
down €1,146 (-10.6%), from €10,783 to €9,637
- Other operating charges -€536
down €536 (-20.9%), from €2,563 to €2,028
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 | €70,515 | €80,374 | +€9,859 | +14.0% |
| Fixed assets | 21/28 | €6,292 | €1,531 | -€4,761 | -75.7% |
| Tangible fixed assets | 22/27 | €6,292 | €1,531 | -€4,761 | -75.7% |
| Plant, machinery and equipment | 23 | €1,626 | €1,456 | -€171 | -10.5% |
| Furniture and vehicles | 24 | €4,665 | €75 | -€4,590 | -98.4% |
| Current assets | 29/58 | €64,224 | €78,844 | +€14,620 | +22.8% |
| Stocks and contracts in progress | 3 | €7,819 | €9,799 | +€1,980 | +25.3% |
| Stocks | 30/36 | €7,819 | €9,799 | +€1,980 | +25.3% |
| Amounts receivable within one year | 40/41 | €40,006 | €9,520 | -€30,485 | -76.2% |
| Trade receivables | 40 | €14,284 | €9,520 | -€4,764 | -33.3% |
| Other amounts receivable | 41 | €25,722 | €0 | -€25,722 | -100% |
| Cash at bank and in hand | 54/58 | €16,075 | €58,908 | +€42,833 | +266% |
| Deferred charges and accrued income | 490/1 | €323 | €616 | +€293 | +90.6% |
| Total equity and liabilities | 10/49 | €70,515 | €80,374 | +€9,859 | +14.0% |
| Equity | 10/15 | €42,563 | €47,540 | +€4,977 | +11.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €32,563 | €37,540 | +€4,977 | +15.3% |
| Distributable reserves | 133 | €32,563 | €37,540 | +€4,977 | +15.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,952 | €32,834 | +€4,882 | +17.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €27,763 | €32,638 | +€4,875 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €4,900 | €0 | -€4,900 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €12,716 | €12,654 | -€62 | -0.5% |
| Suppliers | 440/4 | €12,716 | €12,654 | -€62 | -0.5% |
| Taxes, remuneration and social security | 45 | €10,148 | €16,771 | +€6,623 | +65.3% |
| Taxes | 450/3 | €9,031 | €16,771 | +€7,740 | +85.7% |
| Remuneration and social security | 454/9 | €1,117 | €0 | -€1,117 | -100% |
| Other amounts payable | 47/48 | - | €3,214 | +€3,214 | |
| Accrued charges and deferred income | 492/3 | €189 | €196 | +€7 | +3.8% |
| Non-recurring operating income | 76A | €6,318 | €0 | -€6,318 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,865 | €4,761 | -€104 | -2.1% |
| Other operating charges | 640/8 | €2,563 | €2,028 | -€536 | -20.9% |
| Gross operating margin | 9900 | €32,967 | €31,768 | -€1,199 | -3.6% |
| Operating profit (loss) | 9901 | €25,538 | €24,979 | -€560 | -2.2% |
| Financial income | 75/76B | €1,472 | €90 | -€1,382 | -93.9% |
| Recurring financial income | 75 | €1,472 | €90 | -€1,382 | -93.9% |
| Financial charges | 65/66B | €903 | €2,218 | +€1,315 | +146% |
| Recurring financial charges | 65 | €903 | €2,218 | +€1,315 | +146% |
| Profit (loss) for the period before taxes | 9903 | €26,108 | €22,851 | -€3,257 | -12.5% |
| Income taxes | 67/77 | €10,783 | €9,637 | -€1,146 | -10.6% |
| Profit (loss) for the period | 9904 | €15,325 | €13,214 | -€2,111 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,325 | €13,214 | -€2,111 | -13.8% |
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 27 October 2026 via checked.be.