SINGH RTR: 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 RTR
Largest movements
- Cash -€13,426
down €13,426 (-69.0%), from €19,445 to €6,020
mainly Investment in fixed assets (net) (-€12,000) and Stocks and contracts (-€7,811)
- Stocks and contracts +€7,811
up €7,811 (+13.7%), from €56,812 to €64,623
- Tangible fixed assets +€7,438
up €7,438 (+661.6%), from €1,124 to €8,562
- Formation expenses +€2,000
new in 2025: €2,000
- Receivables within one year +€1,093
up €1,093 (+13.6%), from €8,066 to €9,159
- Short-term financial debts +€3,293
up €3,293 (+91.5%), from €3,597 to €6,890
- Gross operating margin +€4,995
up €4,995 (+89.9%), from €5,557 to €10,552
- Other operating charges +€2,403
up €2,403 (+235.9%), from €1,019 to €3,422
- Depreciation +€2,000
up €2,000 (+355.9%), from €562 to €2,562
- Staff costs +€1,352
new in 2025: €1,352
- Financial charges +€641
up €641 (+54.6%), from €1,175 to €1,816
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 | €85,448 | €90,364 | +€4,916 | +5.8% |
| Formation expenses | 20 | - | €2,000 | +€2,000 | |
| Fixed assets | 21/28 | €1,124 | €8,562 | +€7,438 | +661.6% |
| Tangible fixed assets | 22/27 | €1,124 | €8,562 | +€7,438 | +661.6% |
| Furniture and vehicles | 24 | €1,124 | €8,562 | +€7,438 | +661.6% |
| Current assets | 29/58 | €84,323 | €79,802 | -€4,522 | -5.4% |
| Stocks and contracts in progress | 3 | €56,812 | €64,623 | +€7,811 | +13.7% |
| Stocks | 30/36 | €56,812 | €64,623 | +€7,811 | +13.7% |
| Amounts receivable within one year | 40/41 | €8,066 | €9,159 | +€1,093 | +13.6% |
| Other amounts receivable | 41 | €8,066 | €9,159 | +€1,093 | +13.6% |
| Cash at bank and in hand | 54/58 | €19,445 | €6,020 | -€13,426 | -69.0% |
| Total equity and liabilities | 10/49 | €85,448 | €90,364 | +€4,916 | +5.8% |
| Equity | 10/15 | €68,263 | €69,166 | +€903 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,663 | €50,566 | +€903 | +1.8% |
| Amounts payable | 17/49 | €17,184 | €21,197 | +€4,013 | +23.4% |
| Amounts payable within one year | 42/48 | €17,184 | €21,197 | +€4,013 | +23.4% |
| Financial debts | 43 | €3,597 | €6,890 | +€3,293 | +91.5% |
| Credit institutions | 430/8 | €3,597 | €6,890 | +€3,293 | +91.5% |
| Trade debts | 44 | €12,952 | €13,675 | +€723 | +5.6% |
| Suppliers | 440/4 | €12,952 | €13,675 | +€723 | +5.6% |
| Taxes, remuneration and social security | 45 | €635 | €632 | -€3 | -0.5% |
| Taxes | 450/3 | €560 | €171 | -€389 | -69.5% |
| Remuneration and social security | 454/9 | €75 | €461 | +€387 | +517.4% |
| Remuneration, social security and pensions | 62 | - | €1,352 | +€1,352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | €2,562 | +€2,000 | +355.9% |
| Other operating charges | 640/8 | €1,019 | €3,422 | +€2,403 | +235.9% |
| Gross operating margin | 9900 | €5,557 | €10,552 | +€4,995 | +89.9% |
| Operating profit (loss) | 9901 | €3,976 | €3,217 | -€760 | -19.1% |
| Financial charges | 65/66B | €1,175 | €1,816 | +€641 | +54.6% |
| Recurring financial charges | 65 | €1,175 | €1,816 | +€641 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €2,802 | €1,401 | -€1,401 | -50.0% |
| Income taxes | 67/77 | €828 | €240 | -€588 | -71.0% |
| Profit (loss) for the period | 9904 | €1,974 | €1,161 | -€813 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,974 | €1,161 | -€813 | -41.2% |
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 10 October 2026 via checked.be.