Rahul 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.
Rahul Singh
Largest movements
- Current investments +€17,500
up €17,500 (+6.3%), from €278,500 to €296,000
- Cash +€12,608
up €12,608 (+58.9%), from €21,404 to €34,012
mainly Net result for the year (+€86,600) and Deferred charges and accrued income (+€972)
- Profit (loss) carried forward +€86,600
up €86,600 (+226,878%), from €38 to €86,638
- Trade debts -€40,104
down €40,104 (-95.9%), from €41,806 to €1,702
- Tax, wage and social debts -€15,673
down €15,673 (-32.9%), from €47,695 to €32,021
- Gross operating margin -€22,408
down €22,408 (-17.8%), from €125,830 to €103,422
- Taxes -€16,102
down €16,102 (-41.7%), from €38,611 to €22,509
- Financial income +€1,384
up €1,384 (+27.4%), from €5,047 to €6,431
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 | €300,876 | €330,726 | +€29,850 | +9.9% |
| Current assets | 29/58 | €300,876 | €330,726 | +€29,850 | +9.9% |
| Amounts receivable within one year | 40/41 | - | €714 | +€714 | |
| Other amounts receivable | 41 | - | €714 | +€714 | |
| Current investments | 50/53 | €278,500 | €296,000 | +€17,500 | +6.3% |
| Cash at bank and in hand | 54/58 | €21,404 | €34,012 | +€12,608 | +58.9% |
| Deferred charges and accrued income | 490/1 | €972 | €0 | -€972 | -100% |
| Total equity and liabilities | 10/49 | €300,876 | €330,726 | +€29,850 | +9.9% |
| Equity | 10/15 | €208,984 | €295,583 | +€86,600 | +41.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €193,946 | €193,946 | = | 0.0% |
| Distributable reserves | 133 | €193,946 | €193,946 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38 | €86,638 | +€86,600 | +226,878% |
| Amounts payable | 17/49 | €91,892 | €35,143 | -€56,749 | -61.8% |
| Amounts payable within one year | 42/48 | €91,467 | €35,143 | -€56,325 | -61.6% |
| Trade debts | 44 | €41,806 | €1,702 | -€40,104 | -95.9% |
| Suppliers | 440/4 | €41,806 | €1,702 | -€40,104 | -95.9% |
| Taxes, remuneration and social security | 45 | €47,695 | €32,021 | -€15,673 | -32.9% |
| Taxes | 450/3 | €47,695 | €32,021 | -€15,673 | -32.9% |
| Other amounts payable | 47/48 | €1,966 | €1,419 | -€547 | -27.8% |
| Accrued charges and deferred income | 492/3 | €424 | €0 | -€424 | -100% |
| Other operating charges | 640/8 | €64 | €400 | +€336 | +527% |
| Gross operating margin | 9900 | €125,830 | €103,422 | -€22,408 | -17.8% |
| Operating profit (loss) | 9901 | €125,766 | €103,022 | -€22,744 | -18.1% |
| Financial income | 75/76B | €5,047 | €6,431 | +€1,384 | +27.4% |
| Recurring financial income | 75 | €5,047 | €6,431 | +€1,384 | +27.4% |
| Financial charges | 65/66B | €74 | €346 | +€272 | +370% |
| Recurring financial charges | 65 | €74 | €346 | +€272 | +370% |
| Profit (loss) for the period before taxes | 9903 | €130,740 | €109,108 | -€21,632 | -16.5% |
| Income taxes | 67/77 | €38,611 | €22,509 | -€16,102 | -41.7% |
| Profit (loss) for the period | 9904 | €92,129 | €86,600 | -€5,530 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,129 | €86,600 | -€5,530 | -6.0% |
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 13 October 2026 via checked.be.