SINGAPORE: 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.
SINGAPORE
Largest movements
- Cash +€104,402
up €104,402 (+38.7%), from €270,020 to €374,421
mainly Net result for the year (+€98,655) and Receivables within one year (+€17,264)
- Receivables within one year -€17,264
down €17,264 (-54.2%), from €31,841 to €14,578
of which Other amounts receivable: -€19,093
- Tangible fixed assets -€16,845
no longer reported in 2025 (was €16,845)
of which Furniture and vehicles: -€9,740
- Reserves +€98,655
up €98,655 (+70.2%), from €140,611 to €239,266
- Tax, wage and social debts -€23,913
down €23,913 (-36.3%), from €65,884 to €41,970
of which Remuneration and social security: -€48,369
- Accrued charges and deferred income -€13,352
no longer reported in 2025 (was €13,352)
- Other debts +€8,565
up €8,565 (+95.9%), from €8,934 to €17,499
- Staff costs -€49,383
down €49,383 (-43.7%), from €113,080 to €63,697
- Gross operating margin +€31,467
up €31,467 (+16.7%), from €188,724 to €220,191
- Taxes +€28,651
up €28,651 (+127%), from €22,613 to €51,264
- Depreciation -€7,826
no longer reported in 2025 (was €7,826)
- Other operating charges -€2,655
down €2,655 (-70.9%), from €3,746 to €1,090
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 | €322,214 | €389,863 | +€67,649 | +21.0% |
| Fixed assets | 21/28 | €17,045 | - | -€17,045 | |
| Tangible fixed assets | 22/27 | €16,845 | - | -€16,845 | |
| Plant, machinery and equipment | 23 | €7,105 | - | -€7,105 | |
| Furniture and vehicles | 24 | €9,740 | - | -€9,740 | |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €305,169 | €389,863 | +€84,694 | +27.8% |
| Stocks and contracts in progress | 3 | €1,700 | - | -€1,700 | |
| Stocks | 30/36 | €1,700 | - | -€1,700 | |
| Amounts receivable within one year | 40/41 | €31,841 | €14,578 | -€17,264 | -54.2% |
| Trade receivables | 40 | €12,748 | €14,578 | +€1,829 | +14.3% |
| Other amounts receivable | 41 | €19,093 | - | -€19,093 | |
| Cash at bank and in hand | 54/58 | €270,020 | €374,421 | +€104,402 | +38.7% |
| Deferred charges and accrued income | 490/1 | €1,608 | €864 | -€743 | -46.2% |
| Total equity and liabilities | 10/49 | €322,214 | €389,863 | +€67,649 | +21.0% |
| Equity | 10/15 | €228,351 | €327,006 | +€98,655 | +43.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,611 | €239,266 | +€98,655 | +70.2% |
| Distributable reserves | 133 | €140,611 | €239,266 | +€98,655 | +70.2% |
| Profit (loss) carried forward | 14 | €69,139 | €69,139 | = | 0.0% |
| Amounts payable | 17/49 | €93,863 | €62,858 | -€31,006 | -33.0% |
| Amounts payable within one year | 42/48 | €80,511 | €62,858 | -€17,654 | -21.9% |
| Trade debts | 44 | €5,693 | €3,388 | -€2,305 | -40.5% |
| Suppliers | 440/4 | €5,693 | €3,388 | -€2,305 | -40.5% |
| Taxes, remuneration and social security | 45 | €65,884 | €41,970 | -€23,913 | -36.3% |
| Taxes | 450/3 | €16,234 | €40,690 | +€24,456 | +151% |
| Remuneration and social security | 454/9 | €49,649 | €1,281 | -€48,369 | -97.4% |
| Other amounts payable | 47/48 | €8,934 | €17,499 | +€8,565 | +95.9% |
| Accrued charges and deferred income | 492/3 | €13,352 | - | -€13,352 | |
| Remuneration, social security and pensions | 62 | €113,080 | €63,697 | -€49,383 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,826 | - | -€7,826 | |
| Other operating charges | 640/8 | €3,746 | €1,090 | -€2,655 | -70.9% |
| Gross operating margin | 9900 | €188,724 | €220,191 | +€31,467 | +16.7% |
| Operating profit (loss) | 9901 | €64,072 | €155,404 | +€91,332 | +143% |
| Financial income | 75/76B | €1,684 | €309 | -€1,375 | -81.7% |
| Recurring financial income | 75 | €1,684 | €309 | -€1,375 | -81.7% |
| Financial charges | 65/66B | €6,586 | €5,793 | -€792 | -12.0% |
| Recurring financial charges | 65 | €6,586 | €5,793 | -€792 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €59,170 | €149,919 | +€90,749 | +153% |
| Income taxes | 67/77 | €22,613 | €51,264 | +€28,651 | +127% |
| Profit (loss) for the period | 9904 | €36,557 | €98,655 | +€62,098 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €36,557 | €98,655 | +€62,098 | +170% |
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 23 October 2026 via checked.be.