SINGHA: 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.
SINGHA
Largest movements
- Cash -€4,236
down €4,236 (-17.8%), from €23,784 to €19,548
mainly Net result for the year (-€2,831) and Receivables within one year (-€2,237)
- Receivables within one year +€2,237
up €2,237 (+50.2%), from €4,452 to €6,689
of which Trade receivables: +€2,041
- Tangible fixed assets -€886
down €886 (-46.1%), from €1,921 to €1,035
of which Other tangible fixed assets: -€548
- Profit (loss) carried forward -€2,831
down €2,831 (-5.8%), from -€48,544 to -€51,376
- Gross operating margin +€12,226
up €12,226 (+50.3%), from €24,312 to €36,539
- Staff costs +€3,933
up €3,933 (+11.7%), from €33,749 to €37,682
- Depreciation -€3,457
down €3,457 (-79.6%), from €4,343 to €886
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 | €32,155 | €29,164 | -€2,991 | -9.3% |
| Fixed assets | 21/28 | €3,062 | €2,176 | -€886 | -28.9% |
| Tangible fixed assets | 22/27 | €1,921 | €1,035 | -€886 | -46.1% |
| Plant, machinery and equipment | 23 | €825 | €487 | -€338 | -40.9% |
| Other tangible fixed assets | 26 | €1,096 | €548 | -€548 | -50.0% |
| Financial fixed assets | 28 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €29,093 | €26,989 | -€2,105 | -7.2% |
| Stocks and contracts in progress | 3 | €858 | €752 | -€106 | -12.3% |
| Stocks | 30/36 | €858 | €752 | -€106 | -12.3% |
| Amounts receivable within one year | 40/41 | €4,452 | €6,689 | +€2,237 | +50.2% |
| Trade receivables | 40 | €849 | €2,891 | +€2,041 | +240.4% |
| Other amounts receivable | 41 | €3,603 | €3,798 | +€195 | +5.4% |
| Cash at bank and in hand | 54/58 | €23,784 | €19,548 | -€4,236 | -17.8% |
| Total equity and liabilities | 10/49 | €32,155 | €29,164 | -€2,991 | -9.3% |
| Equity | 10/15 | €25,824 | €22,992 | -€2,831 | -11.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,544 | -€51,376 | -€2,831 | -5.8% |
| Amounts payable | 17/49 | €6,331 | €6,172 | -€159 | -2.5% |
| Amounts payable within one year | 42/48 | €6,331 | €6,172 | -€159 | -2.5% |
| Trade debts | 44 | €1,426 | €1,453 | +€28 | +1.9% |
| Suppliers | 440/4 | €1,426 | €1,453 | +€28 | +1.9% |
| Taxes, remuneration and social security | 45 | €4,905 | €4,718 | -€187 | -3.8% |
| Taxes | 450/3 | €2,178 | €1,717 | -€461 | -21.2% |
| Remuneration and social security | 454/9 | €2,727 | €3,001 | +€274 | +10.1% |
| Remuneration, social security and pensions | 62 | €33,749 | €37,682 | +€3,933 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,343 | €886 | -€3,457 | -79.6% |
| Other operating charges | 640/8 | €914 | €686 | -€229 | -25.0% |
| Gross operating margin | 9900 | €24,312 | €36,539 | +€12,226 | +50.3% |
| Operating profit (loss) | 9901 | -€14,694 | -€2,715 | +€11,979 | +81.5% |
| Financial income | 75/76B | €0 | €147 | +€147 | +367850.0% |
| Recurring financial income | 75 | €0 | €147 | +€147 | +367850.0% |
| Financial charges | 65/66B | €216 | €264 | +€47 | +21.9% |
| Recurring financial charges | 65 | €216 | €264 | +€47 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,910 | -€2,831 | +€12,079 | +81.0% |
| Profit (loss) for the period | 9904 | -€14,910 | -€2,831 | +€12,079 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,910 | -€2,831 | +€12,079 | +81.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.