SINGH PALS: 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 PALS
Largest movements
- Cash -€2,973
down €2,973 (-82.5%), from €3,604 to €631
mainly Net result for the year (-€9,482) and Other debts (-€7,638)
- Tangible fixed assets -€1,016
down €1,016 (-43.7%), from €2,324 to €1,308
- Intangible fixed assets -€575
no longer reported in 2025 (was €575)
- Receivables within one year -€280
no longer reported in 2025 (was €280)
- Profit (loss) carried forward -€9,482
down €9,482 (-13.2%), from -€71,658 to -€81,140
- Other debts -€7,638
down €7,638 (-11.2%), from €68,451 to €60,813
- Trade debts +€6,521
up €6,521 (+110.9%), from €5,882 to €12,403
- Contributions +€5,000
new in 2025: €5,000
- Tax, wage and social debts +€755
up €755 (+17.4%), from €4,329 to €5,084
of which Remuneration and social security: +€759
- Turnover +€87,313
new in 2025: €87,313
- Purchases and services +€81,395
new in 2025: €81,395
- Depreciation -€10,444
down €10,444 (-86.8%), from €12,036 to €1,592
- Gross operating margin -€6,378
down €6,378 (-41.8%), from €15,260 to €8,882
- Staff costs +€1,248
up €1,248 (+9.1%), from €13,674 to €14,922
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 | €7,005 | €2,160 | -€4,845 | -69.2% |
| Fixed assets | 21/28 | €2,899 | €1,308 | -€1,591 | -54.9% |
| Intangible fixed assets | 21 | €575 | - | -€575 | |
| Tangible fixed assets | 22/27 | €2,324 | €1,308 | -€1,016 | -43.7% |
| Plant, machinery and equipment | 23 | €2,324 | €1,308 | -€1,016 | -43.7% |
| Current assets | 29/58 | €4,106 | €852 | -€3,254 | -79.2% |
| Amounts receivable within one year | 40/41 | €280 | - | -€280 | |
| Other amounts receivable | 41 | €280 | - | -€280 | |
| Cash at bank and in hand | 54/58 | €3,604 | €631 | -€2,973 | -82.5% |
| Deferred charges and accrued income | 490/1 | €222 | €221 | -€1 | -0.5% |
| Total equity and liabilities | 10/49 | €7,005 | €2,160 | -€4,845 | -69.2% |
| Equity | 10/15 | -€71,658 | -€76,140 | -€4,482 | -6.3% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | -€71,658 | -€81,140 | -€9,482 | -13.2% |
| Amounts payable | 17/49 | €78,663 | €78,300 | -€363 | -0.5% |
| Amounts payable within one year | 42/48 | €78,663 | €78,300 | -€363 | -0.5% |
| Trade debts | 44 | €5,882 | €12,403 | +€6,521 | +110.9% |
| Suppliers | 440/4 | €5,882 | €12,403 | +€6,521 | +110.9% |
| Taxes, remuneration and social security | 45 | €4,329 | €5,084 | +€755 | +17.4% |
| Taxes | 450/3 | €2,356 | €2,352 | -€4 | -0.2% |
| Remuneration and social security | 454/9 | €1,973 | €2,732 | +€759 | +38.5% |
| Other amounts payable | 47/48 | €68,451 | €60,813 | -€7,638 | -11.2% |
| Turnover | 70 | - | €87,313 | +€87,313 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €81,395 | +€81,395 | |
| Remuneration, social security and pensions | 62 | €13,674 | €14,922 | +€1,248 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,036 | €1,592 | -€10,444 | -86.8% |
| Other operating charges | 640/8 | €514 | €248 | -€266 | -51.8% |
| Gross operating margin | 9900 | €15,260 | €8,882 | -€6,378 | -41.8% |
| Operating profit (loss) | 9901 | -€10,965 | -€7,880 | +€3,085 | +28.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,509 | €1,612 | +€103 | +6.9% |
| Recurring financial charges | 65 | €1,509 | €1,612 | +€103 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,473 | -€9,482 | +€2,991 | +24.0% |
| Profit (loss) for the period | 9904 | -€12,473 | -€9,482 | +€2,991 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,473 | -€9,482 | +€2,991 | +24.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.