SATBALIHAR 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.
SATBALIHAR SINGH
Largest movements
- Stocks and contracts -€28,752
down €28,752 (-31.2%), from €92,253 to €63,501
- Tangible fixed assets -€6,280
down €6,280 (-36.3%), from €17,289 to €11,009
of which Furniture and vehicles: -€4,577
- Cash +€5,430
up €5,430 (+14.6%), from €37,122 to €42,552
mainly Stocks and contracts (+€28,752) and Depreciation (+€8,507)
- Receivables within one year -€2,201
down €2,201 (-23.8%), from €9,231 to €7,029
of which Trade receivables: -€2,201
- Profit (loss) carried forward -€26,616
new in 2025: -€26,616
- Other debts -€18,008
down €18,008 (-24.4%), from €73,668 to €55,660
- Current portion of long-term debt +€6,707
new in 2025: €6,707
- Debts after one year +€3,483
new in 2025: €3,483
- Trade debts +€2,889
up €2,889, from €0 to €2,889
- Gross operating margin -€92,537
down €92,537, from €79,512 to -€13,026
- Taxes -€20,763
down €20,763 (-100%), from €20,763 to €0
- Financial charges -€1,533
down €1,533 (-30.0%), from €5,116 to €3,583
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 | €155,893 | €124,144 | -€31,750 | -20.4% |
| Fixed assets | 21/28 | €17,289 | €11,009 | -€6,280 | -36.3% |
| Tangible fixed assets | 22/27 | €17,289 | €11,009 | -€6,280 | -36.3% |
| Plant, machinery and equipment | 23 | €11,298 | €9,595 | -€1,703 | -15.1% |
| Furniture and vehicles | 24 | €5,991 | €1,414 | -€4,577 | -76.4% |
| Current assets | 29/58 | €138,605 | €113,135 | -€25,470 | -18.4% |
| Stocks and contracts in progress | 3 | €92,253 | €63,501 | -€28,752 | -31.2% |
| Stocks | 30/36 | €92,253 | €63,501 | -€28,752 | -31.2% |
| Amounts receivable within one year | 40/41 | €9,231 | €7,029 | -€2,201 | -23.8% |
| Trade receivables | 40 | €2,201 | €0 | -€2,201 | -100% |
| Other amounts receivable | 41 | €7,029 | €7,029 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,122 | €42,552 | +€5,430 | +14.6% |
| Deferred charges and accrued income | 490/1 | - | €53 | +€53 | |
| Total equity and liabilities | 10/49 | €155,893 | €124,144 | -€31,750 | -20.4% |
| Equity | 10/15 | €60,596 | €33,980 | -€26,616 | -43.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €58,096 | €58,096 | = | 0.0% |
| Distributable reserves | 133 | €58,096 | €58,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,616 | -€26,616 | |
| Amounts payable | 17/49 | €95,298 | €90,164 | -€5,134 | -5.4% |
| Amounts payable after more than one year | 17 | - | €3,483 | +€3,483 | |
| Financial debts | 170/4 | - | €3,483 | +€3,483 | |
| Amounts payable within one year | 42/48 | €95,298 | €86,681 | -€8,617 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,707 | +€6,707 | |
| Trade debts | 44 | €0 | €2,889 | +€2,889 | |
| Suppliers | 440/4 | €0 | €2,889 | +€2,889 | |
| Taxes, remuneration and social security | 45 | €21,630 | €21,425 | -€205 | -0.9% |
| Taxes | 450/3 | €21,630 | €21,425 | -€205 | -0.9% |
| Other amounts payable | 47/48 | €73,668 | €55,660 | -€18,008 | -24.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,874 | €8,507 | +€633 | +8.0% |
| Other operating charges | 640/8 | €1,447 | €1,500 | +€53 | +3.7% |
| Gross operating margin | 9900 | €79,512 | -€13,026 | -€92,537 | |
| Operating profit (loss) | 9901 | €70,191 | -€23,033 | -€93,224 | |
| Financial charges | 65/66B | €5,116 | €3,583 | -€1,533 | -30.0% |
| Recurring financial charges | 65 | €5,116 | €3,583 | -€1,533 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €65,075 | -€26,616 | -€91,691 | |
| Income taxes | 67/77 | €20,763 | €0 | -€20,763 | -100% |
| Profit (loss) for the period | 9904 | €44,312 | -€26,616 | -€70,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,312 | -€26,616 | -€70,928 |
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 28 October 2026 via checked.be.