SINGH-KAUR: 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-KAUR
Largest movements
- Tangible fixed assets -€6,213
down €6,213 (-6.1%), from €102,319 to €96,107
of which Land and buildings: -€4,713
- Receivables within one year +€4,391
up €4,391 (+83.8%), from €5,243 to €9,634
of which Other amounts receivable: +€4,391
- Cash -€3,564
down €3,564 (-77.3%), from €4,612 to €1,048
mainly Debts after one year (-€6,138) and Short-term financial debts (-€5,268)
- Profit (loss) carried forward +€7,645
up €7,645, from -€1,261 to €6,384
- Debts after one year -€6,138
down €6,138 (-7.1%), from €86,016 to €79,877
- Short-term financial debts -€5,268
down €5,268 (-35.1%), from €14,991 to €9,723
- Other debts -€5,087
down €5,087 (-51.7%), from €9,844 to €4,757
- Tax, wage and social debts +€1,720
new in 2024: €1,720
- Gross operating margin +€2,783
up €2,783 (+13.3%), from €20,974 to €23,757
- Depreciation -€1,683
down €1,683 (-21.3%), from €7,895 to €6,213
- Taxes +€1,596
new in 2024: €1,596
- Other operating charges -€318
down €318 (-26.5%), from €1,201 to €883
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.
Cash bridge derived
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 | €131,904 | €126,518 | -€5,385 | -4.1% |
| Fixed assets | 21/28 | €102,319 | €96,107 | -€6,213 | -6.1% |
| Tangible fixed assets | 22/27 | €102,319 | €96,107 | -€6,213 | -6.1% |
| Land and buildings | 22 | €89,888 | €85,175 | -€4,713 | -5.2% |
| Plant, machinery and equipment | 23 | €12,432 | €10,932 | -€1,500 | -12.1% |
| Current assets | 29/58 | €29,585 | €30,412 | +€827 | +2.8% |
| Stocks and contracts in progress | 3 | €19,730 | €19,730 | = | 0.0% |
| Stocks | 30/36 | €19,730 | €19,730 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,243 | €9,634 | +€4,391 | +83.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,243 | €9,634 | +€4,391 | +83.8% |
| Cash at bank and in hand | 54/58 | €4,612 | €1,048 | -€3,564 | -77.3% |
| Total equity and liabilities | 10/49 | €131,904 | €126,518 | -€5,385 | -4.1% |
| Equity | 10/15 | €3,739 | €11,384 | +€7,645 | +204.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,261 | €6,384 | +€7,645 | |
| Amounts payable | 17/49 | €128,164 | €115,134 | -€13,030 | -10.2% |
| Amounts payable after more than one year | 17 | €86,016 | €79,877 | -€6,138 | -7.1% |
| Financial debts | 170/4 | €86,016 | €79,877 | -€6,138 | -7.1% |
| Amounts payable within one year | 42/48 | €42,149 | €35,257 | -€6,892 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €6,168 | €6,390 | +€222 | +3.6% |
| Financial debts | 43 | €14,991 | €9,723 | -€5,268 | -35.1% |
| Credit institutions | 430/8 | €14,991 | €9,723 | -€5,268 | -35.1% |
| Trade debts | 44 | €11,145 | €12,667 | +€1,522 | +13.7% |
| Suppliers | 440/4 | €11,145 | €12,667 | +€1,522 | +13.7% |
| Taxes, remuneration and social security | 45 | - | €1,720 | +€1,720 | |
| Taxes | 450/3 | - | €1,720 | +€1,720 | |
| Other amounts payable | 47/48 | €9,844 | €4,757 | -€5,087 | -51.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,895 | €6,213 | -€1,683 | -21.3% |
| Other operating charges | 640/8 | €1,201 | €883 | -€318 | -26.5% |
| Gross operating margin | 9900 | €20,974 | €23,757 | +€2,783 | +13.3% |
| Operating profit (loss) | 9901 | €11,878 | €16,662 | +€4,784 | +40.3% |
| Financial income | 75/76B | €7 | €1 | -€6 | -92.7% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -92.7% |
| Financial charges | 65/66B | €7,237 | €7,422 | +€185 | +2.6% |
| Recurring financial charges | 65 | €7,237 | €7,422 | +€185 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €4,648 | €9,241 | +€4,593 | +98.8% |
| Income taxes | 67/77 | - | €1,596 | +€1,596 | |
| Profit (loss) for the period | 9904 | €4,648 | €7,645 | +€2,997 | +64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,648 | €7,645 | +€2,997 | +64.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.