TONG SING: 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.
TONG SING
Largest movements
- Current investments +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Financial fixed assets -€70,775
down €70,775 (-53.1%), from €133,370 to €62,595
- Receivables within one year +€16,524
up €16,524 (+153%), from €10,819 to €27,343
of which Other amounts receivable: +€10,166
- Cash +€11,966
up €11,966 (+6.4%), from €186,171 to €198,138
mainly Net result for the year (+€240,339) and Investment in fixed assets (net) (+€70,775)
- Stocks and contracts +€11,679
new in 2025: €11,679
- Reserves +€78,836
up €78,836 (+13.4%), from €588,066 to €666,902
- Tax, wage and social debts -€20,696
down €20,696 (-60.1%), from €34,462 to €13,766
of which Taxes: -€20,361
- Gross operating margin +€71,032
up €71,032 (+24.5%), from €289,969 to €361,001
- Taxes +€22,676
up €22,676 (+24.9%), from €91,229 to €113,905
- Staff costs +€6,532
new in 2025: €6,532
- Other operating charges +€4,202
up €4,202 (+260%), from €1,617 to €5,819
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 | €638,251 | €703,647 | +€65,396 | +10.2% |
| Fixed assets | 21/28 | €138,689 | €66,278 | -€72,412 | -52.2% |
| Tangible fixed assets | 22/27 | €5,319 | €3,682 | -€1,637 | -30.8% |
| Plant, machinery and equipment | 23 | €2,789 | €1,820 | -€969 | -34.8% |
| Furniture and vehicles | 24 | €948 | €808 | -€140 | -14.8% |
| Other tangible fixed assets | 26 | €1,582 | €1,055 | -€527 | -33.3% |
| Financial fixed assets | 28 | €133,370 | €62,595 | -€70,775 | -53.1% |
| Current assets | 29/58 | €499,561 | €637,369 | +€137,808 | +27.6% |
| Stocks and contracts in progress | 3 | - | €11,679 | +€11,679 | |
| Stocks | 30/36 | - | €11,679 | +€11,679 | |
| Amounts receivable within one year | 40/41 | €10,819 | €27,343 | +€16,524 | +153% |
| Trade receivables | 40 | €8,365 | €14,723 | +€6,358 | +76.0% |
| Other amounts receivable | 41 | €2,454 | €12,620 | +€10,166 | +414% |
| Current investments | 50/53 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €186,171 | €198,138 | +€11,966 | +6.4% |
| Deferred charges and accrued income | 490/1 | €2,571 | €210 | -€2,361 | -91.8% |
| Total equity and liabilities | 10/49 | €638,251 | €703,647 | +€65,396 | +10.2% |
| Equity | 10/15 | €600,466 | €679,302 | +€78,836 | +13.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €588,066 | €666,902 | +€78,836 | +13.4% |
| Distributable reserves | 133 | €588,066 | €666,902 | +€78,836 | +13.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €37,785 | €24,345 | -€13,440 | -35.6% |
| Amounts payable within one year | 42/48 | €37,785 | €24,345 | -€13,440 | -35.6% |
| Trade debts | 44 | €2,379 | €2,958 | +€579 | +24.3% |
| Suppliers | 440/4 | €2,379 | €2,958 | +€579 | +24.3% |
| Taxes, remuneration and social security | 45 | €34,462 | €13,766 | -€20,696 | -60.1% |
| Taxes | 450/3 | €32,462 | €12,102 | -€20,361 | -62.7% |
| Remuneration and social security | 454/9 | €2,000 | €1,665 | -€335 | -16.8% |
| Other amounts payable | 47/48 | €944 | €7,621 | +€6,677 | +707% |
| Non-recurring operating income | 76A | €3,551 | €0 | -€3,551 | -100% |
| Remuneration, social security and pensions | 62 | - | €6,532 | +€6,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,566 | €1,637 | +€71 | +4.5% |
| Other operating charges | 640/8 | €1,617 | €5,819 | +€4,202 | +260% |
| Non-recurring operating charges | 66A | €5,450 | €0 | -€5,450 | -100% |
| Gross operating margin | 9900 | €289,969 | €361,001 | +€71,032 | +24.5% |
| Operating profit (loss) | 9901 | €281,335 | €347,013 | +€65,678 | +23.3% |
| Financial income | 75/76B | €5,947 | €8,641 | +€2,693 | +45.3% |
| Recurring financial income | 75 | €5,947 | €8,641 | +€2,693 | +45.3% |
| Financial charges | 65/66B | €760 | €1,409 | +€649 | +85.3% |
| Recurring financial charges | 65 | €760 | €1,409 | +€649 | +85.3% |
| Profit (loss) for the period before taxes | 9903 | €286,522 | €354,244 | +€67,722 | +23.6% |
| Income taxes | 67/77 | €91,229 | €113,905 | +€22,676 | +24.9% |
| Profit (loss) for the period | 9904 | €195,293 | €240,339 | +€45,046 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €195,293 | €240,339 | +€45,046 | +23.1% |
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 17 October 2026 via checked.be.