SINGH IS KING: 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 IS KING
Largest movements
- Receivables within one year +€17,028
up €17,028 (+540%), from €3,152 to €20,180
of which Trade receivables: +€17,632
- Stocks and contracts -€7,916
down €7,916 (-33.0%), from €24,019 to €16,102
- Tangible fixed assets -€5,436
down €5,436 (-45.3%), from €12,004 to €6,568
- Cash -€759
down €759 (-84.8%), from €894 to €136
mainly Receivables within one year (-€17,028) and Net result for the year (-€14,317)
- Deferred charges and accrued income +€471
new in 2024: €471
- Trade debts +€16,242
up €16,242 (+1,904%), from €853 to €17,096
- Profit (loss) carried forward -€14,317
down €14,317, from €1,342 to -€12,974
- Other debts +€4,517
up €4,517 (+20.4%), from €22,098 to €26,615
- Current portion of long-term debt -€3,008
down €3,008 (-68.5%), from €4,394 to €1,386
- Debts after one year -€1,386
no longer reported in 2024 (was €1,386)
- Staff costs +€10,455
up €10,455 (+50.0%), from €20,897 to €31,352
- Gross operating margin -€4,011
down €4,011 (-12.9%), from €31,194 to €27,183
- Financial charges +€1,474
up €1,474 (+215%), from €686 to €2,160
- Other operating charges +€1,235
up €1,235 (+160%), from €770 to €2,005
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,252 | €43,640 | +€3,388 | +8.4% |
| Fixed assets | 21/28 | €12,187 | €6,751 | -€5,436 | -44.6% |
| Tangible fixed assets | 22/27 | €12,004 | €6,568 | -€5,436 | -45.3% |
| Furniture and vehicles | 24 | €12,004 | €6,568 | -€5,436 | -45.3% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €28,065 | €36,889 | +€8,824 | +31.4% |
| Stocks and contracts in progress | 3 | €24,019 | €16,102 | -€7,916 | -33.0% |
| Stocks | 30/36 | €24,019 | €16,102 | -€7,916 | -33.0% |
| Amounts receivable within one year | 40/41 | €3,152 | €20,180 | +€17,028 | +540% |
| Trade receivables | 40 | - | €17,632 | +€17,632 | |
| Other amounts receivable | 41 | €3,152 | €2,548 | -€604 | -19.2% |
| Cash at bank and in hand | 54/58 | €894 | €136 | -€759 | -84.8% |
| Deferred charges and accrued income | 490/1 | - | €471 | +€471 | |
| Total equity and liabilities | 10/49 | €40,252 | €43,640 | +€3,388 | +8.4% |
| Equity | 10/15 | €7,542 | -€6,774 | -€14,317 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,342 | -€12,974 | -€14,317 | |
| Amounts payable | 17/49 | €32,709 | €50,414 | +€17,705 | +54.1% |
| Amounts payable after more than one year | 17 | €1,386 | - | -€1,386 | |
| Financial debts | 170/4 | €1,386 | - | -€1,386 | |
| Amounts payable within one year | 42/48 | €31,323 | €50,414 | +€19,091 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | €4,394 | €1,386 | -€3,008 | -68.5% |
| Trade debts | 44 | €853 | €17,096 | +€16,242 | +1,904% |
| Suppliers | 440/4 | €853 | €17,096 | +€16,242 | +1,904% |
| Taxes, remuneration and social security | 45 | €3,978 | €5,317 | +€1,340 | +33.7% |
| Taxes | 450/3 | €606 | €546 | -€60 | -9.9% |
| Remuneration and social security | 454/9 | €3,372 | €4,772 | +€1,400 | +41.5% |
| Other amounts payable | 47/48 | €22,098 | €26,615 | +€4,517 | +20.4% |
| Remuneration, social security and pensions | 62 | €20,897 | €31,352 | +€10,455 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,436 | €5,436 | -€0 | 0.0% |
| Other operating charges | 640/8 | €770 | €2,005 | +€1,235 | +160% |
| Gross operating margin | 9900 | €31,194 | €27,183 | -€4,011 | -12.9% |
| Operating profit (loss) | 9901 | €4,090 | -€11,610 | -€15,701 | |
| Financial charges | 65/66B | €686 | €2,160 | +€1,474 | +215% |
| Recurring financial charges | 65 | €686 | €2,160 | +€1,474 | +215% |
| Profit (loss) for the period before taxes | 9903 | €3,404 | -€13,770 | -€17,174 | |
| Income taxes | 67/77 | €312 | €546 | +€234 | +74.9% |
| Profit (loss) for the period | 9904 | €3,092 | -€14,317 | -€17,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,092 | -€14,317 | -€17,408 |
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 29 October 2026 via checked.be.