SINGLETON: 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.
SINGLETON
Largest movements
- Cash +€244,795
up €244,795 (+134%), from €183,043 to €427,838
mainly Current investments (+€158,701) and Net result for the year (+€117,721)
- Current investments -€158,701
down €158,701 (-55.4%), from €286,446 to €127,745
- Receivables within one year +€16,004
up €16,004 (+39.1%), from €40,904 to €56,907
of which Trade receivables: +€14,670
- Reserves +€89,295
up €89,295 (+19.1%), from €466,997 to €556,292
of which Distributable reserves: +€89,295
- Trade debts +€6,789
up €6,789 (+77.9%), from €8,714 to €15,502
- Gross operating margin +€22,379
up €22,379 (+16.5%), from €135,678 to €158,057
- Taxes +€8,910
up €8,910 (+21.9%), from €40,659 to €49,569
- Financial income +€7,397
up €7,397 (+135%), from €5,472 to €12,870
of which Financial income: +€7,487
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 | €519,274 | €618,963 | +€99,689 | +19.2% |
| Fixed assets | 21/28 | €8,882 | €6,474 | -€2,408 | -27.1% |
| Tangible fixed assets | 22/27 | €8,832 | €6,424 | -€2,408 | -27.3% |
| Land and buildings | 22 | €5,239 | €4,541 | -€697 | -13.3% |
| Furniture and vehicles | 24 | €3,593 | €1,883 | -€1,710 | -47.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €510,392 | €612,489 | +€102,097 | +20.0% |
| Amounts receivable within one year | 40/41 | €40,904 | €56,907 | +€16,004 | +39.1% |
| Trade receivables | 40 | €26,221 | €40,891 | +€14,670 | +55.9% |
| Other amounts receivable | 41 | €14,683 | €16,016 | +€1,334 | +9.1% |
| Current investments | 50/53 | €286,446 | €127,745 | -€158,701 | -55.4% |
| Cash at bank and in hand | 54/58 | €183,043 | €427,838 | +€244,795 | +134% |
| Total equity and liabilities | 10/49 | €519,274 | €618,963 | +€99,689 | +19.2% |
| Equity | 10/15 | €488,006 | €577,301 | +€89,295 | +18.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €466,997 | €556,292 | +€89,295 | +19.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €465,137 | €554,432 | +€89,295 | +19.2% |
| Profit (loss) carried forward | 14 | €14,804 | €14,804 | = | 0.0% |
| Amounts payable | 17/49 | €31,268 | €41,662 | +€10,394 | +33.2% |
| Amounts payable within one year | 42/48 | €31,268 | €41,662 | +€10,394 | +33.2% |
| Trade debts | 44 | €8,714 | €15,502 | +€6,789 | +77.9% |
| Suppliers | 440/4 | €8,714 | €15,502 | +€6,789 | +77.9% |
| Taxes, remuneration and social security | 45 | €22,554 | €26,160 | +€3,605 | +16.0% |
| Taxes | 450/3 | €22,554 | €26,160 | +€3,605 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €2,408 | +€397 | +19.7% |
| Other operating charges | 640/8 | €918 | €576 | -€342 | -37.2% |
| Gross operating margin | 9900 | €135,678 | €158,057 | +€22,379 | +16.5% |
| Operating profit (loss) | 9901 | €132,750 | €155,073 | +€22,323 | +16.8% |
| Financial income | 75/76B | €5,472 | €12,870 | +€7,397 | +135% |
| Recurring financial income | 75 | €5,383 | €12,870 | +€7,487 | +139% |
| Non-recurring financial income | 76B | €89 | - | -€89 | |
| Financial charges | 65/66B | €510 | €652 | +€142 | +27.9% |
| Recurring financial charges | 65 | €510 | €652 | +€142 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €137,712 | €167,290 | +€29,578 | +21.5% |
| Income taxes | 67/77 | €40,659 | €49,569 | +€8,910 | +21.9% |
| Profit (loss) for the period | 9904 | €97,052 | €117,721 | +€20,668 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,052 | €117,721 | +€20,668 | +21.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.