SINGH G & N: 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 G & N
Largest movements
- Deferred charges and accrued income -€11,968
down €11,968 (-95.1%), from €12,589 to €621
- Stocks and contracts +€10,922
up €10,922 (+24.4%), from €44,695 to €55,616
- Cash +€7,331
up €7,331 (+34.9%), from €20,983 to €28,314
mainly Net result for the year (+€31,754) and Deferred charges and accrued income (+€11,968)
- Receivables within one year +€3,742
up €3,742 (+90.4%), from €4,140 to €7,882
of which Trade receivables: +€3,480
- Tangible fixed assets +€1,891
up €1,891 (+4.3%), from €44,442 to €46,333
of which Plant, machinery and equipment: +€1,476
- Profit (loss) carried forward +€31,754
up €31,754 (+35.0%), from -€90,614 to -€58,860
- Trade debts -€14,358
down €14,358 (-27.9%), from €51,502 to €37,144
- Debts after one year -€6,748
down €6,748 (-6.4%), from €105,114 to €98,366
- Other debts +€2,815
up €2,815 (+11.4%), from €24,643 to €27,458
- Short-term financial debts -€1,411
no longer reported in 2025 (was €1,411)
- Gross operating margin +€43,044
up €43,044 (+156%), from €27,538 to €70,582
- Staff costs +€12,183
up €12,183 (+71.4%), from €17,051 to €29,233
- Financial charges -€2,582
down €2,582 (-43.1%), from €5,985 to €3,403
- Depreciation +€948
up €948 (+23.8%), from €3,983 to €4,930
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 | €127,348 | €139,266 | +€11,918 | +9.4% |
| Fixed assets | 21/28 | €44,942 | €46,833 | +€1,891 | +4.2% |
| Tangible fixed assets | 22/27 | €44,442 | €46,333 | +€1,891 | +4.3% |
| Plant, machinery and equipment | 23 | €885 | €2,361 | +€1,476 | +167% |
| Other tangible fixed assets | 26 | €43,556 | €43,972 | +€415 | +1.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €82,406 | €92,434 | +€10,027 | +12.2% |
| Stocks and contracts in progress | 3 | €44,695 | €55,616 | +€10,922 | +24.4% |
| Stocks | 30/36 | €44,695 | €55,616 | +€10,922 | +24.4% |
| Amounts receivable within one year | 40/41 | €4,140 | €7,882 | +€3,742 | +90.4% |
| Trade receivables | 40 | €3,103 | €6,582 | +€3,480 | +112% |
| Other amounts receivable | 41 | €1,037 | €1,300 | +€263 | +25.3% |
| Cash at bank and in hand | 54/58 | €20,983 | €28,314 | +€7,331 | +34.9% |
| Deferred charges and accrued income | 490/1 | €12,589 | €621 | -€11,968 | -95.1% |
| Total equity and liabilities | 10/49 | €127,348 | €139,266 | +€11,918 | +9.4% |
| Equity | 10/15 | -€72,014 | -€40,260 | +€31,754 | +44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,614 | -€58,860 | +€31,754 | +35.0% |
| Amounts payable | 17/49 | €199,362 | €179,526 | -€19,835 | -9.9% |
| Amounts payable after more than one year | 17 | €105,114 | €98,366 | -€6,748 | -6.4% |
| Financial debts | 170/4 | €105,114 | €98,366 | -€6,748 | -6.4% |
| Amounts payable within one year | 42/48 | €91,631 | €78,544 | -€13,087 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €6,430 | €6,748 | +€318 | +4.9% |
| Financial debts | 43 | €1,411 | - | -€1,411 | |
| Credit institutions | 430/8 | €1,411 | - | -€1,411 | |
| Trade debts | 44 | €51,502 | €37,144 | -€14,358 | -27.9% |
| Suppliers | 440/4 | €51,502 | €37,144 | -€14,358 | -27.9% |
| Taxes, remuneration and social security | 45 | €7,646 | €7,194 | -€452 | -5.9% |
| Taxes | 450/3 | €4,169 | - | -€4,169 | |
| Remuneration and social security | 454/9 | €3,477 | €7,194 | +€3,717 | +107% |
| Other amounts payable | 47/48 | €24,643 | €27,458 | +€2,815 | +11.4% |
| Accrued charges and deferred income | 492/3 | €2,616 | €2,616 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €17,051 | €29,233 | +€12,183 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,983 | €4,930 | +€948 | +23.8% |
| Other operating charges | 640/8 | €853 | €1,488 | +€635 | +74.4% |
| Gross operating margin | 9900 | €27,538 | €70,582 | +€43,044 | +156% |
| Operating profit (loss) | 9901 | €5,652 | €34,930 | +€29,278 | +518% |
| Financial income | 75/76B | €1 | €227 | +€226 | +43,527% |
| Recurring financial income | 75 | €1 | €227 | +€226 | +43,527% |
| Financial charges | 65/66B | €5,985 | €3,403 | -€2,582 | -43.1% |
| Recurring financial charges | 65 | €5,985 | €3,403 | -€2,582 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | -€333 | €31,754 | +€32,087 | |
| Profit (loss) for the period | 9904 | -€333 | €31,754 | +€32,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€333 | €31,754 | +€32,087 |
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.