SINGITA: 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.
What changed
SINGITA
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10.4m
2024 · €23.2m-€12.8m
Equity
€90.4m
2024 · €153.4m-€63.0m
Cash
€87,707
2024 · €468,077-€380,370
Balance sheet total
€257.0m
2024 · €268.4m-€11.3m
Largest movements
Assets
- Receivables within one year -€11.0m
down €11.0m (-12.2%), from €89.8m to €78.9m
of which Other amounts receivable: -€11.0m
Equity and liabilities
- Reserves -€83.0m
down €83.0m (-73.7%), from €112.6m to €29.7m
- Other debts +€73.6m
up €73.6m (+372%), from €19.8m to €93.4m
- Debts after one year -€22.0m
down €22.0m (-23.2%), from €95.0m to €73.0m
- Contributions +€19.9m
up €19.9m (+48.9%), from €40.8m to €60.7m
Income statement
- Financial income -€13.8m
down €13.8m (-49.7%), from €27.7m to €13.9m
of which Financial income: -€9.0m
- Financial charges -€1.1m
down €1.1m (-24.7%), from €4.5m to €3.4m
of which Financial charges: -€1.0m
- Services and other goods +€57,591
up €57,591 (+54.5%), from €105,726 to €163,316
- Turnover -€44,855
down €44,855 (-100%), from €44,855 to €0
- Depreciation +€925
new in 2025: €925
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.
Result 2024
€23.2m
Turnover
-€44,855
Other operating income
+€72
Services and other goods
-€57,591
Depreciation
-€925
Other operating charges
-€59
Other operating items
-€15,828
Financial income
-€13.8m
Financial charges
+€1.1m
Taxes
+€62
Result 2025
€10.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€95.0m
Investment
-€2,776
Financing
-€95.4m
Cash 2024
€468,077
From operations (derived)
+€95.0m
Net result for the year
+€10.4m
Depreciation
+€925
Receivables after one year
+€440,000
Receivables within one year
+€11.0m
Deferred charges and accrued income
-€460,855
Smaller working-capital items
+€94,903
Other debts
+€73.6m
Investment (derived)
-€2,776
Investment in fixed assets (net)
-€2,776
Financing
-€95.4m
Debts after one year
-€22.0m
Contributions, distributions and other
-€73.4m
Cash 2025
€87,707
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,376,407 | €257,037,153 | -€11.3m | -4.2% |
| Fixed assets | 21/28 | €148,327,427 | €148,329,278 | +€1,851 | 0.0% |
| Tangible fixed assets | 22/27 | - | €1,851 | +€1,851 | |
| Furniture and vehicles | 24 | - | €1,851 | +€1,851 | |
| Financial fixed assets | 28 | €148,327,427 | €148,327,427 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €148,327,427 | €148,327,427 | = | 0.0% |
| Participating interests | 282 | €148,327,427 | €148,327,427 | = | 0.0% |
| Current assets | 29/58 | €120,048,980 | €108,707,875 | -€11.3m | -9.4% |
| Amounts receivable after more than one year | 29 | €28,220,000 | €27,780,000 | -€440,000 | -1.6% |
| Other amounts receivable | 291 | €28,220,000 | €27,780,000 | -€440,000 | -1.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €89,839,219 | €78,857,629 | -€11.0m | -12.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €89,839,219 | €78,857,629 | -€11.0m | -12.2% |
| Cash at bank and in hand | 54/58 | €468,077 | €87,707 | -€380,370 | -81.3% |
| Deferred charges and accrued income | 490/1 | €1,521,684 | €1,982,538 | +€460,855 | +30.3% |
| Total equity and liabilities | 10/49 | €268,376,407 | €257,037,153 | -€11.3m | -4.2% |
| Equity | 10/15 | €153,444,358 | €90,400,411 | -€63.0m | -41.1% |
| Contributions | 10/11 | €40,800,000 | €60,731,778 | +€19.9m | +48.9% |
| Reserves | 13 | €112,644,358 | €29,668,633 | -€83.0m | -73.7% |
| Distributable reserves | 133 | €112,644,358 | €29,668,633 | -€83.0m | -73.7% |
| Amounts payable | 17/49 | €114,932,049 | €166,636,742 | +€51.7m | +45.0% |
| Amounts payable after more than one year | 17 | €95,000,000 | €73,000,000 | -€22.0m | -23.2% |
| Financial debts | 170/4 | €95,000,000 | €73,000,000 | -€22.0m | -23.2% |
| Other loans | 174 | €95,000,000 | €73,000,000 | -€22.0m | -23.2% |
| Amounts payable within one year | 42/48 | €19,932,049 | €93,635,744 | +€73.7m | +370% |
| Trade debts | 44 | €163,998 | €258,190 | +€94,192 | +57.4% |
| Suppliers | 440/4 | €163,998 | €258,190 | +€94,192 | +57.4% |
| Taxes, remuneration and social security | 45 | €771 | €485 | -€287 | -37.2% |
| Taxes | 450/3 | €771 | €485 | -€287 | -37.2% |
| Other amounts payable | 47/48 | €19,767,279 | €93,377,069 | +€73.6m | +372% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Operating income | 70/76A | €72,720 | €12,109 | -€60,611 | -83.3% |
| Turnover | 70 | €44,855 | €0 | -€44,855 | -100% |
| Other operating income | 74 | €12,037 | €12,109 | +€72 | +0.6% |
| Non-recurring operating income | 76A | €15,828 | €0 | -€15,828 | -100% |
| Operating charges | 60/66A | €106,718 | €165,294 | +€58,575 | +54.9% |
| Services and other goods | 61 | €105,726 | €163,316 | +€57,591 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €925 | +€925 | |
| Other operating charges | 640/8 | €993 | €1,052 | +€59 | +6.0% |
| Operating profit (loss) | 9901 | -€33,998 | -€153,184 | -€119,186 | -351% |
| Financial income | 75/76B | €27,742,065 | €13,941,076 | -€13.8m | -49.7% |
| Recurring financial income | 75 | €22,922,293 | €13,941,076 | -€9.0m | -39.2% |
| Income from financial fixed assets | 750 | €22,919,139 | €13,940,047 | -€9.0m | -39.2% |
| Income from current assets | 751 | €3,154 | €1,028 | -€2,125 | -67.4% |
| Other financial income | 752/9 | €0 | - | = | |
| Non-recurring financial income | 76B | €4,819,772 | €0 | -€4.8m | -100% |
| Financial charges | 65/66B | €4,524,538 | €3,407,044 | -€1.1m | -24.7% |
| Recurring financial charges | 65 | €4,409,538 | €3,407,044 | -€1.0m | -22.7% |
| Debt charges | 650 | €4,405,627 | €3,406,565 | -€999,062 | -22.7% |
| Other financial charges | 652/9 | €3,911 | €479 | -€3,432 | -87.8% |
| Non-recurring financial charges | 66B | €115,000 | €0 | -€115,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €23,183,529 | €10,380,847 | -€12.8m | -55.2% |
| Income taxes | 67/77 | €512 | €449 | -€62 | -12.1% |
| Taxes | 670/3 | €512 | €532 | +€21 | +4.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €83 | +€83 | |
| Profit (loss) for the period | 9904 | €23,183,017 | €10,380,398 | -€12.8m | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,183,017 | €10,380,398 | -€12.8m | -55.2% |
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 21 October 2026 via checked.be.