SINGA-INVEST: what changed
What changed
SINGA-INVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€18,515
2024 · -€16,193-€2,321
Equity
-€301,998
2024 · -€283,483-€18,515
Cash
€5,986
2024 · €6,640-€654
Balance sheet total
€459,198
2024 · €413,194+€46,004
Largest movements
Assets
- Tangible fixed assets +€38,835
up €38,835 (+10.0%), from €389,919 to €428,754
of which Land and buildings: +€41,504
- Receivables within one year +€7,823
up €7,823 (+47.0%), from €16,636 to €24,458
Equity and liabilities
- Other debts +€66,625
up €66,625 (+9.6%), from €693,337 to €759,963
- Profit (loss) carried forward -€18,515
down €18,515 (-5.4%), from -€345,766 to -€364,281
Income statement
- Gross operating margin +€4,644
up €4,644 (+16.8%), from €27,640 to €32,284
- Depreciation +€4,347
up €4,347 (+10.9%), from €39,914 to €44,261
- Financial charges +€2,499
up €2,499 (+4,164%), from €60 to €2,559
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.
Result 2024
-€16,193
Gross operating margin
+€4,644
Depreciation
-€4,347
Other operating charges
-€119
Financial charges
-€2,499
Result 2025
-€18,515
raises the resultlowers the result
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.
From operations
+€82,442
Investment
-€83,096
Financing
€0
Cash 2024
€6,640
From operations (derived)
+€82,442
Net result for the year
-€18,515
Depreciation
+€44,261
Receivables within one year
-€7,823
Trade debts
-€1,910
Tax, wage and social debts
-€196
Other debts
+€66,625
Investment (derived)
-€83,096
Investment in fixed assets (net)
-€83,096
Cash 2025
€5,986
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,194 | €459,198 | +€46,004 | +11.1% |
| Fixed assets | 21/28 | €389,919 | €428,754 | +€38,835 | +10.0% |
| Tangible fixed assets | 22/27 | €389,919 | €428,754 | +€38,835 | +10.0% |
| Land and buildings | 22 | €379,851 | €421,355 | +€41,504 | +10.9% |
| Plant, machinery and equipment | 23 | €10,068 | €7,399 | -€2,669 | -26.5% |
| Current assets | 29/58 | €23,276 | €30,444 | +€7,168 | +30.8% |
| Amounts receivable within one year | 40/41 | €16,636 | €24,458 | +€7,823 | +47.0% |
| Other amounts receivable | 41 | €16,636 | €24,458 | +€7,823 | +47.0% |
| Cash at bank and in hand | 54/58 | €6,640 | €5,986 | -€654 | -9.9% |
| Total equity and liabilities | 10/49 | €413,194 | €459,198 | +€46,004 | +11.1% |
| Equity | 10/15 | -€283,483 | -€301,998 | -€18,515 | -6.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €283 | €283 | = | 0.0% |
| Non-distributable reserves | 130/1 | €283 | €283 | = | 0.0% |
| Legal reserve | 130 | €283 | €283 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€345,766 | -€364,281 | -€18,515 | -5.4% |
| Amounts payable | 17/49 | €696,678 | €761,196 | +€64,519 | +9.3% |
| Amounts payable within one year | 42/48 | €696,242 | €760,761 | +€64,519 | +9.3% |
| Trade debts | 44 | €1,940 | €30 | -€1,910 | -98.5% |
| Suppliers | 440/4 | €1,940 | €30 | -€1,910 | -98.5% |
| Taxes, remuneration and social security | 45 | €965 | €769 | -€196 | -20.3% |
| Taxes | 450/3 | €965 | €769 | -€196 | -20.3% |
| Other amounts payable | 47/48 | €693,337 | €759,963 | +€66,625 | +9.6% |
| Accrued charges and deferred income | 492/3 | €435 | €435 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,914 | €44,261 | +€4,347 | +10.9% |
| Other operating charges | 640/8 | €3,860 | €3,980 | +€119 | +3.1% |
| Gross operating margin | 9900 | €27,640 | €32,284 | +€4,644 | +16.8% |
| Operating profit (loss) | 9901 | -€16,133 | -€15,956 | +€177 | +1.1% |
| Financial charges | 65/66B | €60 | €2,559 | +€2,499 | +4,164% |
| Recurring financial charges | 65 | €60 | €2,559 | +€2,499 | +4,164% |
| Profit (loss) for the period before taxes | 9903 | -€16,193 | -€18,515 | -€2,321 | -14.3% |
| Profit (loss) for the period | 9904 | -€16,193 | -€18,515 | -€2,321 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,193 | -€18,515 | -€2,321 | -14.3% |
Next steps
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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 6 November 2026 via checked.be.