De Singel Groep: 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.
De Singel Groep
Largest movements
- Intangible fixed assets -€242,000
down €242,000 (-26.8%), from €904,571 to €662,571
- Tangible fixed assets +€215,873
up €215,873 (+14.4%), from €1.5m to €1.7m
of which Plant, machinery and equipment: +€254,986
- Receivables within one year -€72,005
down €72,005 (-68.1%), from €105,763 to €33,758
of which Other amounts receivable: -€43,045
- Cash -€70,443
down €70,443 (-26.5%), from €265,548 to €195,105
mainly Investment in fixed assets (net) (-€647,868) and Debts after one year (-€253,794)
- Debts after one year -€253,794
down €253,794 (-16.7%), from €1.5m to €1.3m
- Profit (loss) carried forward +€242,114
up €242,114 (+80.8%), from -€299,528 to -€57,413
- Other debts -€207,784
down €207,784 (-56.6%), from €366,811 to €159,027
- Current portion of long-term debt +€56,156
up €56,156 (+12.4%), from €451,346 to €507,502
- Tax, wage and social debts +€28,560
up €28,560 (+78.6%), from €36,342 to €64,902
of which Taxes: +€27,717
- Gross operating margin +€148,720
up €148,720 (+17.3%), from €857,560 to €1.0m
- Depreciation +€92,709
up €92,709 (+15.9%), from €581,285 to €673,994
- Staff costs +€11,853
up €11,853 (+52.3%), from €22,656 to €34,509
- Financial charges +€10,625
up €10,625 (+25.2%), from €42,194 to €52,820
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 | €2,814,768 | €2,657,279 | -€157,489 | -5.6% |
| Fixed assets | 21/28 | €2,401,612 | €2,375,485 | -€26,127 | -1.1% |
| Intangible fixed assets | 21 | €904,571 | €662,571 | -€242,000 | -26.8% |
| Tangible fixed assets | 22/27 | €1,496,041 | €1,711,914 | +€215,873 | +14.4% |
| Plant, machinery and equipment | 23 | €1,161,556 | €1,416,542 | +€254,986 | +22.0% |
| Furniture and vehicles | 24 | €42,584 | €26,573 | -€16,010 | -37.6% |
| Leasing and similar rights | 25 | €291,901 | €268,799 | -€23,102 | -7.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €413,156 | €281,794 | -€131,362 | -31.8% |
| Stocks and contracts in progress | 3 | €32,605 | €46,369 | +€13,764 | +42.2% |
| Stocks | 30/36 | €32,605 | €46,369 | +€13,764 | +42.2% |
| Amounts receivable within one year | 40/41 | €105,763 | €33,758 | -€72,005 | -68.1% |
| Trade receivables | 40 | €49,903 | €20,943 | -€28,960 | -58.0% |
| Other amounts receivable | 41 | €55,860 | €12,815 | -€43,045 | -77.1% |
| Cash at bank and in hand | 54/58 | €265,548 | €195,105 | -€70,443 | -26.5% |
| Deferred charges and accrued income | 490/1 | €9,240 | €6,563 | -€2,678 | -29.0% |
| Total equity and liabilities | 10/49 | €2,814,768 | €2,657,279 | -€157,489 | -5.6% |
| Equity | 10/15 | €200,473 | €442,587 | +€242,114 | +121% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€299,528 | -€57,413 | +€242,114 | +80.8% |
| Amounts payable | 17/49 | €2,614,296 | €2,214,693 | -€399,603 | -15.3% |
| Amounts payable after more than one year | 17 | €1,520,577 | €1,266,783 | -€253,794 | -16.7% |
| Financial debts | 170/4 | €1,520,577 | €1,266,783 | -€253,794 | -16.7% |
| Amounts payable within one year | 42/48 | €1,093,718 | €947,910 | -€145,809 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €451,346 | €507,502 | +€56,156 | +12.4% |
| Trade debts | 44 | €239,220 | €216,479 | -€22,741 | -9.5% |
| Suppliers | 440/4 | €239,220 | €216,479 | -€22,741 | -9.5% |
| Taxes, remuneration and social security | 45 | €36,342 | €64,902 | +€28,560 | +78.6% |
| Taxes | 450/3 | €33,106 | €60,823 | +€27,717 | +83.7% |
| Remuneration and social security | 454/9 | €3,236 | €4,078 | +€843 | +26.0% |
| Other amounts payable | 47/48 | €366,811 | €159,027 | -€207,784 | -56.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €22,656 | €34,509 | +€11,853 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581,285 | €673,994 | +€92,709 | +15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,415 | €3,642 | -€8,773 | -70.7% |
| Gross operating margin | 9900 | €857,560 | €1,006,280 | +€148,720 | +17.3% |
| Operating profit (loss) | 9901 | €241,203 | €294,134 | +€52,931 | +21.9% |
| Financial income | 75/76B | €258 | €800 | +€542 | +211% |
| Recurring financial income | 75 | €258 | €800 | +€542 | +211% |
| Financial charges | 65/66B | €42,194 | €52,820 | +€10,625 | +25.2% |
| Recurring financial charges | 65 | €42,194 | €52,820 | +€10,625 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €199,267 | €242,114 | +€42,848 | +21.5% |
| Profit (loss) for the period | 9904 | €199,267 | €242,114 | +€42,848 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €199,267 | €242,114 | +€42,848 | +21.5% |
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 15 October 2026 via checked.be.