SINGA GRAPHICS - FLEXIBLES: what changed
SINGA GRAPHICS - FLEXIBLES
Largest movements
- Receivables within one year +€47,594
up €47,594 (+57.8%), from €82,331 to €129,925
of which Trade receivables: +€47,741
- Cash -€9,923
down €9,923 (-41.4%), from €23,983 to €14,060
mainly Receivables within one year (-€47,594) and Contributions, distributions and other (-€9,998)
- Deferred charges and accrued income +€5,113
up €5,113 (+68.4%), from €7,478 to €12,592
- Tangible fixed assets +€3,967
up €3,967 (+38.5%), from €10,310 to €14,277
of which Furniture and vehicles: +€4,037
- Reserves +€28,649
up €28,649 (+20.4%), from €140,673 to €169,322
- Tax, wage and social debts +€7,299
up €7,299 (+62.8%), from €11,616 to €18,914
- Trade debts +€6,242
up €6,242 (+72.5%), from €8,614 to €14,856
- Other debts +€4,562
new in 2025: €4,562
- Gross operating margin +€9,731
up €9,731 (+20.4%), from €47,722 to €57,453
- Taxes +€3,124
up €3,124 (+25.0%), from €12,512 to €15,637
- Depreciation -€1,650
down €1,650 (-21.7%), from €7,602 to €5,952
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,102 | €270,854 | +€46,752 | +20.9% |
| Fixed assets | 21/28 | €10,310 | €14,277 | +€3,967 | +38.5% |
| Tangible fixed assets | 22/27 | €10,310 | €14,277 | +€3,967 | +38.5% |
| Plant, machinery and equipment | 23 | €70 | - | -€70 | |
| Furniture and vehicles | 24 | €10,241 | €14,277 | +€4,037 | +39.4% |
| Current assets | 29/58 | €213,792 | €256,577 | +€42,785 | +20.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,331 | €129,925 | +€47,594 | +57.8% |
| Trade receivables | 40 | €82,184 | €129,925 | +€47,741 | +58.1% |
| Other amounts receivable | 41 | €147 | - | -€147 | |
| Cash at bank and in hand | 54/58 | €23,983 | €14,060 | -€9,923 | -41.4% |
| Deferred charges and accrued income | 490/1 | €7,478 | €12,592 | +€5,113 | +68.4% |
| Total equity and liabilities | 10/49 | €224,102 | €270,854 | +€46,752 | +20.9% |
| Equity | 10/15 | €203,873 | €232,522 | +€28,649 | +14.1% |
| Contributions | 10/11 | €63,200 | €63,200 | = | 0.0% |
| Reserves | 13 | €140,673 | €169,322 | +€28,649 | +20.4% |
| Distributable reserves | 133 | €140,673 | €169,322 | +€28,649 | +20.4% |
| Amounts payable | 17/49 | €20,229 | €38,332 | +€18,103 | +89.5% |
| Amounts payable within one year | 42/48 | €20,229 | €38,332 | +€18,103 | +89.5% |
| Trade debts | 44 | €8,614 | €14,856 | +€6,242 | +72.5% |
| Suppliers | 440/4 | €8,614 | €14,856 | +€6,242 | +72.5% |
| Taxes, remuneration and social security | 45 | €11,616 | €18,914 | +€7,299 | +62.8% |
| Taxes | 450/3 | €11,616 | €18,914 | +€7,299 | +62.8% |
| Other amounts payable | 47/48 | - | €4,562 | +€4,562 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,602 | €5,952 | -€1,650 | -21.7% |
| Other operating charges | 640/8 | €175 | €120 | -€55 | -31.4% |
| Gross operating margin | 9900 | €47,722 | €57,453 | +€9,731 | +20.4% |
| Operating profit (loss) | 9901 | €39,945 | €51,381 | +€11,436 | +28.6% |
| Financial income | 75/76B | €3,000 | €3,000 | +€0 | 0.0% |
| Recurring financial income | 75 | €3,000 | €3,000 | +€0 | 0.0% |
| Financial charges | 65/66B | €98 | €97 | -€1 | -0.6% |
| Recurring financial charges | 65 | €98 | €97 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €42,847 | €54,284 | +€11,436 | +26.7% |
| Income taxes | 67/77 | €12,512 | €15,637 | +€3,124 | +25.0% |
| Profit (loss) for the period | 9904 | €30,335 | €38,647 | +€8,312 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,335 | €38,647 | +€8,312 | +27.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.