SINGH KAUR: 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 KAUR
Largest movements
- Tangible fixed assets +€24,031
new in 2025: €24,031
of which Furniture and vehicles: +€23,082
- Stocks and contracts +€7,425
up €7,425 (+13.8%), from €53,710 to €61,135
- Receivables within one year +€3,869
up €3,869 (+447%), from €865 to €4,734
of which Trade receivables: +€4,479
- Intangible fixed assets -€2,000
down €2,000 (-10.8%), from €18,500 to €16,500
- Cash +€1,981
up €1,981 (+85.1%), from €2,328 to €4,309
mainly Other debts (+€24,277) and Debts after one year (+€7,468)
- Other debts +€24,277
up €24,277 (+63.7%), from €38,141 to €62,418
- Debts after one year +€7,468
new in 2025: €7,468
- Current portion of long-term debt +€3,672
new in 2025: €3,672
- Tax, wage and social debts -€1,770
down €1,770 (-70.1%), from €2,526 to €756
of which Remuneration and social security: -€1,200
- Gross operating margin -€46,564
down €46,564 (-81.9%), from €56,842 to €10,278
- Depreciation +€1,983
up €1,983 (+132%), from €1,500 to €3,483
- Financial charges +€1,733
up €1,733 (+96.4%), from €1,798 to €3,531
- Taxes -€1,592
down €1,592, from €1,457 to -€135
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 | €75,503 | €110,809 | +€35,306 | +46.8% |
| Fixed assets | 21/28 | €18,600 | €40,631 | +€22,031 | +118% |
| Intangible fixed assets | 21 | €18,500 | €16,500 | -€2,000 | -10.8% |
| Tangible fixed assets | 22/27 | - | €24,031 | +€24,031 | |
| Land and buildings | 22 | - | €949 | +€949 | |
| Furniture and vehicles | 24 | - | €23,082 | +€23,082 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €56,903 | €70,178 | +€13,275 | +23.3% |
| Stocks and contracts in progress | 3 | €53,710 | €61,135 | +€7,425 | +13.8% |
| Stocks | 30/36 | €53,710 | €61,135 | +€7,425 | +13.8% |
| Amounts receivable within one year | 40/41 | €865 | €4,734 | +€3,869 | +447% |
| Trade receivables | 40 | €255 | €4,734 | +€4,479 | +1,756% |
| Other amounts receivable | 41 | €610 | - | -€610 | |
| Cash at bank and in hand | 54/58 | €2,328 | €4,309 | +€1,981 | +85.1% |
| Total equity and liabilities | 10/49 | €75,503 | €110,809 | +€35,306 | +46.8% |
| Equity | 10/15 | €25,083 | €25,663 | +€580 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,483 | €7,063 | +€580 | +8.9% |
| Amounts payable | 17/49 | €50,420 | €85,146 | +€34,726 | +68.9% |
| Amounts payable after more than one year | 17 | - | €7,468 | +€7,468 | |
| Financial debts | 170/4 | - | €7,468 | +€7,468 | |
| Amounts payable within one year | 42/48 | €50,420 | €77,678 | +€27,258 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,672 | +€3,672 | |
| Trade debts | 44 | €9,753 | €10,832 | +€1,079 | +11.1% |
| Suppliers | 440/4 | €9,753 | €10,832 | +€1,079 | +11.1% |
| Taxes, remuneration and social security | 45 | €2,526 | €756 | -€1,770 | -70.1% |
| Taxes | 450/3 | €1,326 | €756 | -€570 | -43.0% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €38,141 | €62,418 | +€24,277 | +63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €3,483 | +€1,983 | +132% |
| Other operating charges | 640/8 | €2,467 | €2,837 | +€370 | +15.0% |
| Gross operating margin | 9900 | €56,842 | €10,278 | -€46,564 | -81.9% |
| Operating profit (loss) | 9901 | €52,875 | €3,958 | -€48,917 | -92.5% |
| Financial income | 75/76B | €1 | €18 | +€17 | +1,700% |
| Recurring financial income | 75 | €1 | €18 | +€17 | +1,700% |
| Financial charges | 65/66B | €1,798 | €3,531 | +€1,733 | +96.4% |
| Recurring financial charges | 65 | €1,798 | €3,531 | +€1,733 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €51,078 | €445 | -€50,633 | -99.1% |
| Income taxes | 67/77 | €1,457 | -€135 | -€1,592 | |
| Profit (loss) for the period | 9904 | €49,621 | €580 | -€49,041 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,621 | €580 | -€49,041 | -98.8% |
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 14 October 2026 via checked.be.