SINGH: 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.
SINGH
Largest movements
- Cash -€18,774
down €18,774 (-27.4%), from €68,584 to €49,810
mainly Trade debts (-€25,818) and Receivables within one year (-€15,575)
- Receivables within one year +€15,575
up €15,575 (+125.3%), from €12,425 to €28,000
- Tangible fixed assets -€3,648
down €3,648 (-10.5%), from €34,884 to €31,237
- Deferred charges and accrued income +€1,775
up €1,775 (+88.5%), from €2,007 to €3,782
- Trade debts -€25,818
down €25,818 (-46.7%), from €55,274 to €29,456
- Reserves +€9,743
up €9,743 (+375.2%), from €2,597 to €12,340
- Tax, wage and social debts +€8,855
up €8,855 (+96.0%), from €9,224 to €18,079
of which Taxes: +€10,346
- Advances received +€7,708
new in 2025: €7,708
- Debts after one year -€7,508
down €7,508 (-32.6%), from €23,054 to €15,546
- Gross operating margin +€15,723
up €15,723 (+113.5%), from €13,848 to €29,571
- Other operating charges -€8,091
down €8,091 (-96.9%), from €8,350 to €259
- Depreciation +€6,248
up €6,248 (+236.8%), from €2,638 to €8,886
- Taxes +€4,918
up €4,918 (+225.5%), from €2,181 to €7,098
- Financial charges +€1,246
up €1,246 (+316.3%), from €394 to €1,640
of which Non-recurring financial charges: +€1,120
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 | €118,801 | €113,729 | -€5,072 | -4.3% |
| Fixed assets | 21/28 | €35,784 | €32,137 | -€3,648 | -10.2% |
| Tangible fixed assets | 22/27 | €34,884 | €31,237 | -€3,648 | -10.5% |
| Furniture and vehicles | 24 | €34,884 | €31,237 | -€3,648 | -10.5% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €83,016 | €81,592 | -€1,424 | -1.7% |
| Amounts receivable within one year | 40/41 | €12,425 | €28,000 | +€15,575 | +125.3% |
| Trade receivables | 40 | €12,425 | €28,000 | +€15,575 | +125.3% |
| Cash at bank and in hand | 54/58 | €68,584 | €49,810 | -€18,774 | -27.4% |
| Deferred charges and accrued income | 490/1 | €2,007 | €3,782 | +€1,775 | +88.5% |
| Total equity and liabilities | 10/49 | €118,801 | €113,729 | -€5,072 | -4.3% |
| Equity | 10/15 | €19,248 | €30,940 | +€11,692 | +60.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,597 | €12,340 | +€9,743 | +375.2% |
| Distributable reserves | 133 | €2,597 | €12,340 | +€9,743 | +375.2% |
| Profit (loss) carried forward | 14 | -€1,949 | - | +€1,949 | |
| Amounts payable | 17/49 | €99,552 | €82,789 | -€16,764 | -16.8% |
| Amounts payable after more than one year | 17 | €23,054 | €15,546 | -€7,508 | -32.6% |
| Other amounts payable | 178/9 | €23,054 | €15,546 | -€7,508 | -32.6% |
| Amounts payable within one year | 42/48 | €64,498 | €55,243 | -€9,256 | -14.4% |
| Trade debts | 44 | €55,274 | €29,456 | -€25,818 | -46.7% |
| Suppliers | 440/4 | €55,274 | €29,456 | -€25,818 | -46.7% |
| Advances received on contracts in progress | 46 | - | €7,708 | +€7,708 | |
| Taxes, remuneration and social security | 45 | €9,224 | €18,079 | +€8,855 | +96.0% |
| Taxes | 450/3 | €7,733 | €18,079 | +€10,346 | +133.8% |
| Remuneration and social security | 454/9 | €1,491 | - | -€1,491 | |
| Accrued charges and deferred income | 492/3 | €12,000 | €12,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,638 | €8,886 | +€6,248 | +236.8% |
| Other operating charges | 640/8 | €8,350 | €259 | -€8,091 | -96.9% |
| Gross operating margin | 9900 | €13,848 | €29,571 | +€15,723 | +113.5% |
| Operating profit (loss) | 9901 | €2,859 | €20,426 | +€17,567 | +614.4% |
| Financial income | 75/76B | €1 | €5 | +€4 | +615.9% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +615.9% |
| Financial charges | 65/66B | €394 | €1,640 | +€1,246 | +316.3% |
| Recurring financial charges | 65 | €394 | €520 | +€126 | +32.0% |
| Non-recurring financial charges | 66B | - | €1,120 | +€1,120 | |
| Profit (loss) for the period before taxes | 9903 | €2,466 | €18,790 | +€16,325 | +662.0% |
| Income taxes | 67/77 | €2,181 | €7,098 | +€4,918 | +225.5% |
| Profit (loss) for the period | 9904 | €285 | €11,692 | +€11,407 | +4001.7% |
| Profit (loss) for the period to be appropriated | 9905 | €285 | €11,692 | +€11,407 | +4001.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.