SINGH & SONS: 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 & SONS
Largest movements
- Cash +€31,207
up €31,207 (+18.2%), from €171,897 to €203,104
mainly Net result for the year (+€29,064) and Other debts (+€26,682)
- Receivables within one year +€30,726
new in 2025: €30,726
- Tangible fixed assets -€17,920
down €17,920 (-7.1%), from €253,996 to €236,077
of which Land and buildings: -€9,821
- Profit (loss) carried forward +€29,064
up €29,064 (+23.8%), from €122,183 to €151,247
- Other debts +€26,682
up €26,682 (+1012.9%), from €2,634 to €29,316
- Debts after one year -€15,446
down €15,446 (-7.8%), from €197,492 to €182,046
of which Financial debts: -€26,893
- Current portion of long-term debt +€11,539
new in 2025: €11,539
- Tax, wage and social debts -€4,791
down €4,791 (-13.0%), from €36,735 to €31,944
of which Remuneration and social security: -€6,319
- Gross operating margin +€34,270
up €34,270 (+25.2%), from €136,244 to €170,514
- Turnover +€26,351
up €26,351 (+8.3%), from €316,402 to €342,753
- Staff costs +€20,374
up €20,374 (+23.3%), from €87,580 to €107,954
- Purchases and services -€19,344
down €19,344 (-9.8%), from €196,537 to €177,193
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 | €430,191 | €474,467 | +€44,277 | +10.3% |
| Fixed assets | 21/28 | €253,996 | €236,077 | -€17,920 | -7.1% |
| Tangible fixed assets | 22/27 | €253,996 | €236,077 | -€17,920 | -7.1% |
| Land and buildings | 22 | €222,364 | €212,543 | -€9,821 | -4.4% |
| Plant, machinery and equipment | 23 | €1,066 | €209 | -€857 | -80.4% |
| Furniture and vehicles | 24 | €15,052 | €11,689 | -€3,363 | -22.3% |
| Leasing and similar rights | 25 | €15,514 | €11,636 | -€3,879 | -25.0% |
| Current assets | 29/58 | €176,194 | €238,391 | +€62,196 | +35.3% |
| Stocks and contracts in progress | 3 | €3,690 | €2,941 | -€749 | -20.3% |
| Stocks | 30/36 | €3,690 | €2,941 | -€749 | -20.3% |
| Amounts receivable within one year | 40/41 | - | €30,726 | +€30,726 | |
| Trade receivables | 40 | - | €30,726 | +€30,726 | |
| Cash at bank and in hand | 54/58 | €171,897 | €203,104 | +€31,207 | +18.2% |
| Deferred charges and accrued income | 490/1 | €607 | €1,620 | +€1,012 | +166.7% |
| Total equity and liabilities | 10/49 | €430,191 | €474,467 | +€44,277 | +10.3% |
| Equity | 10/15 | €181,926 | €210,991 | +€29,064 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,143 | €41,143 | = | 0.0% |
| 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 | €39,283 | €39,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,183 | €151,247 | +€29,064 | +23.8% |
| Amounts payable | 17/49 | €248,264 | €263,477 | +€15,212 | +6.1% |
| Amounts payable after more than one year | 17 | €197,492 | €182,046 | -€15,446 | -7.8% |
| Financial debts | 170/4 | €152,498 | €125,605 | -€26,893 | -17.6% |
| Other amounts payable | 178/9 | €44,994 | €56,441 | +€11,447 | +25.4% |
| Amounts payable within one year | 42/48 | €50,772 | €81,430 | +€30,658 | +60.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,539 | +€11,539 | |
| Trade debts | 44 | €11,403 | €8,631 | -€2,771 | -24.3% |
| Suppliers | 440/4 | €11,403 | €8,631 | -€2,771 | -24.3% |
| Taxes, remuneration and social security | 45 | €36,735 | €31,944 | -€4,791 | -13.0% |
| Taxes | 450/3 | €21,022 | €22,550 | +€1,528 | +7.3% |
| Remuneration and social security | 454/9 | €15,713 | €9,394 | -€6,319 | -40.2% |
| Other amounts payable | 47/48 | €2,634 | €29,316 | +€26,682 | +1012.9% |
| Turnover | 70 | €316,402 | €342,753 | +€26,351 | +8.3% |
| Non-recurring operating income | 76A | - | €281 | +€281 | |
| Goods, raw materials, services and sundry goods | 60/61 | €196,537 | €177,193 | -€19,344 | -9.8% |
| Remuneration, social security and pensions | 62 | €87,580 | €107,954 | +€20,374 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,439 | €18,201 | +€761 | +4.4% |
| Other operating charges | 640/8 | €4,675 | €4,739 | +€64 | +1.4% |
| Gross operating margin | 9900 | €136,244 | €170,514 | +€34,270 | +25.2% |
| Operating profit (loss) | 9901 | €26,549 | €39,620 | +€13,071 | +49.2% |
| Financial income | 75/76B | €464 | €739 | +€276 | +59.4% |
| Recurring financial income | 75 | €464 | €739 | +€276 | +59.4% |
| Financial charges | 65/66B | €2,579 | €3,990 | +€1,411 | +54.7% |
| Recurring financial charges | 65 | €2,579 | €3,990 | +€1,411 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €24,434 | €36,369 | +€11,936 | +48.8% |
| Income taxes | 67/77 | €6,108 | €7,305 | +€1,197 | +19.6% |
| Profit (loss) for the period | 9904 | €18,325 | €29,064 | +€10,739 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,325 | €29,064 | +€10,739 | +58.6% |
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 30 September 2026 via checked.be.