SINGERBIRD GROUP: 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.
What changed
SINGERBIRD GROUP
NACE 68.122, Development of non-residential building projects
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€12,507
2023 · -€114,895+€127,402
Equity
€318,325
2023 · €305,818+€12,507
Cash
€25,173
2023 · €684+€24,490
Balance sheet total
€11.2m
2023 · €9.7m+€1.6m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+18.7%), from €8.3m to €9.9m
of which Other amounts receivable: +€1.5m
Equity and liabilities
- Short-term financial debts +€1.0m
up €1.0m (+25.7%), from €4.0m to €5.0m
- Other debts +€431,955
up €431,955 (+10.6%), from €4.1m to €4.5m
Income statement
- Financial charges -€227,391
down €227,391 (-43.7%), from €520,628 to €293,237
- Financial income -€132,099
down €132,099 (-24.5%), from €539,261 to €407,162
- Gross operating margin +€120,315
up €120,315 (+58.2%), from -€206,604 to -€86,289
- Other operating charges -€16,255
down €16,255 (-79.6%), from €20,431 to €4,176
- Taxes +€3,509
new in 2024: €3,509
From the 2023 result to the 2024 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.
Result 2023
-€114,895
Gross operating margin
+€120,315
Depreciation
+€1,380
Other operating charges
+€16,255
Other operating items
-€102,330
Financial income
-€132,099
Financial charges
+€227,391
Taxes
-€3,509
Result 2024
€12,507
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€996,054
Investment
-€5,000
Financing
+€1.0m
Cash 2023
€684
From operations (derived)
-€996,054
Net result for the year
+€12,507
Depreciation
+€3,880
Stocks and contracts
-€5,895
Receivables within one year
-€1.6m
Deferred charges and accrued income
+€19,788
Trade debts
+€44,203
Tax, wage and social debts
+€51,749
Other debts
+€431,955
Investment (derived)
-€5,000
Investment in fixed assets (net)
-€5,000
Financing
+€1.0m
Short-term financial debts
+€1.0m
Cash 2024
€25,173
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,651,028 | €11,216,985 | +€1.6m | +16.2% |
| Fixed assets | 21/28 | €1,276,976 | €1,278,096 | +€1,120 | +0.1% |
| Intangible fixed assets | 21 | €1,836 | €1,045 | -€791 | -43.1% |
| Tangible fixed assets | 22/27 | €5,140 | €2,051 | -€3,089 | -60.1% |
| Plant, machinery and equipment | 23 | €4,851 | €2,051 | -€2,800 | -57.7% |
| Furniture and vehicles | 24 | €289 | €0 | -€289 | -100% |
| Financial fixed assets | 28 | €1,270,000 | €1,275,000 | +€5,000 | +0.4% |
| Current assets | 29/58 | €8,374,052 | €9,938,889 | +€1.6m | +18.7% |
| Stocks and contracts in progress | 3 | €34,415 | €40,310 | +€5,895 | +17.1% |
| Stocks | 30/36 | €34,415 | €40,310 | +€5,895 | +17.1% |
| Amounts receivable within one year | 40/41 | €8,319,165 | €9,873,406 | +€1.6m | +18.7% |
| Trade receivables | 40 | €228,674 | €314,911 | +€86,237 | +37.7% |
| Other amounts receivable | 41 | €8,090,492 | €9,558,495 | +€1.5m | +18.1% |
| Cash at bank and in hand | 54/58 | €684 | €25,173 | +€24,490 | +3,582% |
| Deferred charges and accrued income | 490/1 | €19,788 | €0 | -€19,788 | -100% |
| Total equity and liabilities | 10/49 | €9,651,028 | €11,216,985 | +€1.6m | +16.2% |
| Equity | 10/15 | €305,818 | €318,325 | +€12,507 | +4.1% |
| Contributions | 10/11 | €100,200 | €100,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,618 | €218,125 | +€12,507 | +6.1% |
| Amounts payable | 17/49 | €9,345,210 | €10,898,660 | +€1.6m | +16.6% |
| Amounts payable after more than one year | 17 | €1,278,390 | €1,278,390 | = | 0.0% |
| Financial debts | 170/4 | €1,278,390 | €1,278,390 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,066,820 | €9,620,270 | +€1.6m | +19.3% |
| Financial debts | 43 | €3,991,000 | €5,016,543 | +€1.0m | +25.7% |
| Credit institutions | 430/8 | €3,991,000 | €5,016,543 | +€1.0m | +25.7% |
| Trade debts | 44 | €777 | €44,980 | +€44,203 | +5,686% |
| Suppliers | 440/4 | €777 | €44,980 | +€44,203 | +5,686% |
| Taxes, remuneration and social security | 45 | €541 | €52,291 | +€51,749 | +9,563% |
| Taxes | 450/3 | €541 | €52,291 | +€51,749 | +9,563% |
| Other amounts payable | 47/48 | €4,074,501 | €4,506,456 | +€431,955 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,260 | €3,880 | -€1,380 | -26.2% |
| Other operating charges | 640/8 | €20,431 | €4,176 | -€16,255 | -79.6% |
| Non-recurring operating charges | 66A | -€98,766 | €3,564 | +€102,330 | |
| Gross operating margin | 9900 | -€206,604 | -€86,289 | +€120,315 | +58.2% |
| Operating profit (loss) | 9901 | -€133,528 | -€97,909 | +€35,619 | +26.7% |
| Financial income | 75/76B | €539,261 | €407,162 | -€132,099 | -24.5% |
| Recurring financial income | 75 | €539,261 | €407,162 | -€132,099 | -24.5% |
| Financial charges | 65/66B | €520,628 | €293,237 | -€227,391 | -43.7% |
| Recurring financial charges | 65 | €520,628 | €293,237 | -€227,391 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€114,895 | €16,016 | +€130,911 | |
| Income taxes | 67/77 | - | €3,509 | +€3,509 | |
| Profit (loss) for the period | 9904 | -€114,895 | €12,507 | +€127,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,895 | €12,507 | +€127,402 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.