SINGH: what changed
Two fiscal 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.
SINGH
Largest movements
- Receivables within one year -€4,429
down €4,429 (-12.2%), from €36,320 to €31,891
of which Other amounts receivable: -€2,353
- Tangible fixed assets -€3,477
down €3,477 (-14.4%), from €24,190 to €20,713
of which Other tangible fixed assets: -€2,624
- Cash -€1,920
down €1,920 (-99.8%), from €1,923 to €3
mainly Debts after one year (-€3,017) and Net result for the year (-€2,964)
- Debts after one year -€3,017
down €3,017 (-33.7%), from €8,947 to €5,930
- Profit (loss) carried forward -€2,964
down €2,964 (-84.6%), from €3,504 to €540
- Tax, wage and social debts -€2,222
down €2,222 (-31.8%), from €6,977 to €4,755
of which Taxes: -€1,451
- Accrued charges and deferred income -€900
down €900 (-29.7%), from €3,030 to €2,130
- Gross operating margin -€13,292
down €13,292 (-39.5%), from €33,609 to €20,316
- Taxes -€3,460
down €3,460 (-100.0%), from €3,460 to €0
- Financial charges +€2,152
up €2,152 (+66.3%), from €3,243 to €5,395
- Staff costs -€1,395
down €1,395 (-9.2%), from €15,122 to €13,726
- Other operating charges -€488
down €488 (-29.6%), from €1,651 to €1,162
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.
Cash bridge derived
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 | €66,551 | €57,217 | -€9,335 | -14.0% |
| Fixed assets | 21/28 | €24,915 | €21,438 | -€3,477 | -14.0% |
| Tangible fixed assets | 22/27 | €24,190 | €20,713 | -€3,477 | -14.4% |
| Plant, machinery and equipment | 23 | €369 | €0 | -€369 | -100.0% |
| Furniture and vehicles | 24 | €483 | €0 | -€483 | -100.0% |
| Other tangible fixed assets | 26 | €23,338 | €20,713 | -€2,624 | -11.2% |
| Financial fixed assets | 28 | €725 | €725 | = | 0.0% |
| Current assets | 29/58 | €41,636 | €35,778 | -€5,857 | -14.1% |
| Stocks and contracts in progress | 3 | €2,742 | €3,249 | +€507 | +18.5% |
| Stocks | 30/36 | €2,742 | €3,249 | +€507 | +18.5% |
| Amounts receivable within one year | 40/41 | €36,320 | €31,891 | -€4,429 | -12.2% |
| Trade receivables | 40 | €28,213 | €26,137 | -€2,076 | -7.4% |
| Other amounts receivable | 41 | €8,107 | €5,755 | -€2,353 | -29.0% |
| Cash at bank and in hand | 54/58 | €1,923 | €3 | -€1,920 | -99.8% |
| Deferred charges and accrued income | 490/1 | €651 | €636 | -€16 | -2.4% |
| Total equity and liabilities | 10/49 | €66,551 | €57,217 | -€9,335 | -14.0% |
| Equity | 10/15 | €29,799 | €26,835 | -€2,964 | -9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,095 | €20,095 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €20,095 | €20,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,504 | €540 | -€2,964 | -84.6% |
| Amounts payable | 17/49 | €36,753 | €30,382 | -€6,371 | -17.3% |
| Amounts payable after more than one year | 17 | €8,947 | €5,930 | -€3,017 | -33.7% |
| Financial debts | 170/4 | €8,947 | €5,930 | -€3,017 | -33.7% |
| Amounts payable within one year | 42/48 | €24,776 | €22,322 | -€2,454 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €2,873 | €3,017 | +€144 | +5.0% |
| Financial debts | 43 | €4,925 | €4,979 | +€54 | +1.1% |
| Credit institutions | 430/8 | €4,925 | €4,979 | +€54 | +1.1% |
| Trade debts | 44 | €10,000 | €9,571 | -€429 | -4.3% |
| Suppliers | 440/4 | €10,000 | €9,571 | -€429 | -4.3% |
| Taxes, remuneration and social security | 45 | €6,977 | €4,755 | -€2,222 | -31.8% |
| Taxes | 450/3 | €4,074 | €2,623 | -€1,451 | -35.6% |
| Remuneration and social security | 454/9 | €2,903 | €2,132 | -€771 | -26.6% |
| Accrued charges and deferred income | 492/3 | €3,030 | €2,130 | -€900 | -29.7% |
| Remuneration, social security and pensions | 62 | €15,122 | €13,726 | -€1,395 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,430 | €3,477 | +€47 | +1.4% |
| Other operating charges | 640/8 | €1,651 | €1,162 | -€488 | -29.6% |
| Gross operating margin | 9900 | €33,609 | €20,316 | -€13,292 | -39.5% |
| Operating profit (loss) | 9901 | €13,406 | €1,950 | -€11,456 | -85.5% |
| Financial income | 75/76B | €213 | €481 | +€267 | +125.3% |
| Recurring financial income | 75 | €213 | €481 | +€267 | +125.3% |
| Financial charges | 65/66B | €3,243 | €5,395 | +€2,152 | +66.3% |
| Recurring financial charges | 65 | €3,243 | €5,395 | +€2,152 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | €10,376 | -€2,964 | -€13,340 | |
| Income taxes | 67/77 | €3,460 | €0 | -€3,460 | -100.0% |
| Profit (loss) for the period | 9904 | €6,916 | -€2,964 | -€9,879 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,916 | -€2,964 | -€9,879 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.