De Singel Vastgoed: 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 Vastgoed
Largest movements
- Tangible fixed assets -€788,177
down €788,177 (-11.2%), from €7.1m to €6.3m
- Debts after one year -€562,174
down €562,174 (-8.8%), from €6.4m to €5.8m
- Other debts -€522,059
down €522,059 (-100%), from €522,059 to €0
- Profit (loss) carried forward +€185,363
up €185,363 (+30.4%), from -€609,059 to -€423,696
- Gross operating margin +€75,330
up €75,330 (+10.1%), from €748,744 to €824,074
- Depreciation -€17,325
down €17,325 (-3.5%), from €492,326 to €475,000
- Financial charges -€10,636
down €10,636 (-7.6%), from €139,408 to €128,772
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 | €7,334,337 | €6,438,207 | -€896,129 | -12.2% |
| Fixed assets | 21/28 | €7,054,618 | €6,266,441 | -€788,177 | -11.2% |
| Tangible fixed assets | 22/27 | €7,054,618 | €6,266,441 | -€788,177 | -11.2% |
| Land and buildings | 22 | €7,054,618 | €6,266,441 | -€788,177 | -11.2% |
| Current assets | 29/58 | €279,719 | €171,767 | -€107,952 | -38.6% |
| Amounts receivable within one year | 40/41 | €128,814 | €71,902 | -€56,912 | -44.2% |
| Trade receivables | 40 | €10,120 | €11,719 | +€1,599 | +15.8% |
| Other amounts receivable | 41 | €118,693 | €60,182 | -€58,511 | -49.3% |
| Cash at bank and in hand | 54/58 | €150,905 | €78,619 | -€72,287 | -47.9% |
| Deferred charges and accrued income | 490/1 | - | €21,247 | +€21,247 | |
| Total equity and liabilities | 10/49 | €7,334,337 | €6,438,207 | -€896,129 | -12.2% |
| Equity | 10/15 | -€109,059 | €76,304 | +€185,363 | |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€609,059 | -€423,696 | +€185,363 | +30.4% |
| Amounts payable | 17/49 | €7,443,396 | €6,361,903 | -€1.1m | -14.5% |
| Amounts payable after more than one year | 17 | €6,355,129 | €5,792,955 | -€562,174 | -8.8% |
| Financial debts | 170/4 | €6,355,129 | €5,792,955 | -€562,174 | -8.8% |
| Amounts payable within one year | 42/48 | €1,088,267 | €568,948 | -€519,318 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €562,174 | €562,174 | = | 0.0% |
| Trade debts | 44 | €4,034 | €6,774 | +€2,741 | +67.9% |
| Suppliers | 440/4 | €4,034 | €6,774 | +€2,741 | +67.9% |
| Other amounts payable | 47/48 | €522,059 | €0 | -€522,059 | -100% |
| Non-recurring operating income | 76A | - | €66,823 | +€66,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492,326 | €475,000 | -€17,325 | -3.5% |
| Other operating charges | 640/8 | €37,547 | €36,428 | -€1,120 | -3.0% |
| Gross operating margin | 9900 | €748,744 | €824,074 | +€75,330 | +10.1% |
| Operating profit (loss) | 9901 | €218,871 | €312,646 | +€93,775 | +42.8% |
| Financial income | 75/76B | €2,327 | €1,489 | -€838 | -36.0% |
| Recurring financial income | 75 | €2,327 | €1,489 | -€838 | -36.0% |
| Financial charges | 65/66B | €139,408 | €128,772 | -€10,636 | -7.6% |
| Recurring financial charges | 65 | €139,408 | €128,772 | -€10,636 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €81,790 | €185,363 | +€103,573 | +127% |
| Profit (loss) for the period | 9904 | €81,790 | €185,363 | +€103,573 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €81,790 | €185,363 | +€103,573 | +127% |
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 29 October 2026 via checked.be.