SINGH SAHIB: 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 SAHIB
Largest movements
- Cash -€9,036
down €9,036 (-16.3%), from €55,474 to €46,437
mainly Stocks and contracts (-€8,669) and Tax, wage and social debts (-€1,929)
- Stocks and contracts +€8,669
up €8,669 (+134%), from €6,488 to €15,157
- Tangible fixed assets -€1,300
down €1,300 (-46.6%), from €2,792 to €1,492
of which Furniture and vehicles: -€1,300
- Receivables within one year +€944
new in 2025: €944
- Tax, wage and social debts -€1,929
down €1,929 (-20.8%), from €9,296 to €7,367
- Reserves +€1,089
up €1,089 (+2.2%), from €50,010 to €51,099
of which Distributable reserves: +€1,089
- Gross operating margin -€37,119
down €37,119 (-84.9%), from €43,714 to €6,595
- Taxes -€5,440
down €5,440 (-85.0%), from €6,404 to €964
- Depreciation -€861
down €861 (-39.9%), from €2,161 to €1,300
- Other operating charges +€668
up €668 (+73.6%), from €908 to €1,576
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 | €66,054 | €65,331 | -€723 | -1.1% |
| Fixed assets | 21/28 | €4,092 | €2,792 | -€1,300 | -31.8% |
| Tangible fixed assets | 22/27 | €2,792 | €1,492 | -€1,300 | -46.6% |
| Furniture and vehicles | 24 | €2,792 | €1,492 | -€1,300 | -46.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €61,962 | €62,539 | +€577 | +0.9% |
| Stocks and contracts in progress | 3 | €6,488 | €15,157 | +€8,669 | +134% |
| Stocks | 30/36 | €6,488 | €15,157 | +€8,669 | +134% |
| Amounts receivable within one year | 40/41 | - | €944 | +€944 | |
| Other amounts receivable | 41 | - | €944 | +€944 | |
| Cash at bank and in hand | 54/58 | €55,474 | €46,437 | -€9,036 | -16.3% |
| Total equity and liabilities | 10/49 | €66,054 | €65,331 | -€723 | -1.1% |
| Equity | 10/15 | €56,312 | €57,401 | +€1,089 | +1.9% |
| Contributions | 10/11 | €6,302 | €6,302 | = | 0.0% |
| Reserves | 13 | €50,010 | €51,099 | +€1,089 | +2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,150 | €49,239 | +€1,089 | +2.3% |
| Amounts payable | 17/49 | €9,742 | €7,930 | -€1,812 | -18.6% |
| Amounts payable within one year | 42/48 | €9,742 | €7,930 | -€1,812 | -18.6% |
| Trade debts | 44 | €445 | €562 | +€117 | +26.3% |
| Suppliers | 440/4 | €445 | €562 | +€117 | +26.3% |
| Taxes, remuneration and social security | 45 | €9,296 | €7,367 | -€1,929 | -20.8% |
| Taxes | 450/3 | €9,296 | €7,367 | -€1,929 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,161 | €1,300 | -€861 | -39.9% |
| Other operating charges | 640/8 | €908 | €1,576 | +€668 | +73.6% |
| Gross operating margin | 9900 | €43,714 | €6,595 | -€37,119 | -84.9% |
| Operating profit (loss) | 9901 | €40,645 | €3,719 | -€36,926 | -90.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,558 | €1,667 | +€108 | +7.0% |
| Recurring financial charges | 65 | €1,558 | €1,667 | +€108 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €39,087 | €2,052 | -€37,034 | -94.7% |
| Income taxes | 67/77 | €6,404 | €964 | -€5,440 | -85.0% |
| Profit (loss) for the period | 9904 | €32,683 | €1,089 | -€31,594 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,683 | €1,089 | -€31,594 | -96.7% |
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 24 October 2026 via checked.be.