JASBIR SINGH: 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.
JASBIR SINGH
Largest movements
- Receivables within one year +€29,538
up €29,538 (+96.2%), from €30,716 to €60,253
of which Other amounts receivable: +€22,671
- Tangible fixed assets -€22,218
down €22,218 (-29.7%), from €74,723 to €52,505
of which Furniture and vehicles: -€23,102
- Deferred charges and accrued income +€1,405
up €1,405 (+36.9%), from €3,806 to €5,211
- Profit (loss) carried forward +€26,642
up €26,642 (+43.0%), from €61,920 to €88,562
- Debts after one year -€8,292
down €8,292 (-31.9%), from €25,981 to €17,690
- Current portion of long-term debt -€4,880
down €4,880 (-26.5%), from €18,450 to €13,570
- Tax, wage and social debts -€1,990
down €1,990 (-51.0%), from €3,900 to €1,910
of which Remuneration and social security: -€3,900
- Trade debts -€1,933
down €1,933 (-68.5%), from €2,824 to €891
- Gross operating margin +€44,081
up €44,081 (+223%), from €19,766 to €63,847
- Taxes +€8,041
up €8,041 (+377%), from €2,134 to €10,175
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 | €127,335 | €136,882 | +€9,546 | +7.5% |
| Fixed assets | 21/28 | €74,723 | €52,505 | -€22,218 | -29.7% |
| Tangible fixed assets | 22/27 | €74,723 | €52,505 | -€22,218 | -29.7% |
| Plant, machinery and equipment | 23 | €355 | €1,239 | +€885 | +249% |
| Furniture and vehicles | 24 | €74,368 | €51,266 | -€23,102 | -31.1% |
| Current assets | 29/58 | €52,612 | €84,376 | +€31,764 | +60.4% |
| Amounts receivable within one year | 40/41 | €30,716 | €60,253 | +€29,538 | +96.2% |
| Trade receivables | 40 | €1,231 | €8,097 | +€6,866 | +558% |
| Other amounts receivable | 41 | €29,485 | €52,156 | +€22,671 | +76.9% |
| Cash at bank and in hand | 54/58 | €18,091 | €18,912 | +€821 | +4.5% |
| Deferred charges and accrued income | 490/1 | €3,806 | €5,211 | +€1,405 | +36.9% |
| Total equity and liabilities | 10/49 | €127,335 | €136,882 | +€9,546 | +7.5% |
| Equity | 10/15 | €76,180 | €102,822 | +€26,642 | +35.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,920 | €88,562 | +€26,642 | +43.0% |
| Amounts payable | 17/49 | €51,156 | €34,060 | -€17,096 | -33.4% |
| Amounts payable after more than one year | 17 | €25,981 | €17,690 | -€8,292 | -31.9% |
| Financial debts | 170/4 | €25,981 | €17,690 | -€8,292 | -31.9% |
| Amounts payable within one year | 42/48 | €25,174 | €16,370 | -€8,804 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €18,450 | €13,570 | -€4,880 | -26.5% |
| Trade debts | 44 | €2,824 | €891 | -€1,933 | -68.5% |
| Suppliers | 440/4 | €2,824 | €891 | -€1,933 | -68.5% |
| Taxes, remuneration and social security | 45 | €3,900 | €1,910 | -€1,990 | -51.0% |
| Taxes | 450/3 | - | €1,910 | +€1,910 | |
| Remuneration and social security | 454/9 | €3,900 | - | -€3,900 | |
| Non-recurring operating income | 76A | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,300 | €23,552 | +€253 | +1.1% |
| Other operating charges | 640/8 | €1,355 | €1,065 | -€290 | -21.4% |
| Gross operating margin | 9900 | €19,766 | €63,847 | +€44,081 | +223% |
| Operating profit (loss) | 9901 | -€4,889 | €39,229 | +€44,118 | |
| Financial income | 75/76B | €106 | €249 | +€143 | +135% |
| Recurring financial income | 75 | €106 | €249 | +€143 | +135% |
| Financial charges | 65/66B | €2,642 | €2,662 | +€20 | +0.7% |
| Recurring financial charges | 65 | €2,642 | €2,662 | +€20 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,425 | €36,816 | +€44,241 | |
| Income taxes | 67/77 | €2,134 | €10,175 | +€8,041 | +377% |
| Profit (loss) for the period | 9904 | -€9,559 | €26,642 | +€36,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,559 | €26,642 | +€36,201 |
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 14 October 2026 via checked.be.