VIJAY SINGH: 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.
VIJAY SINGH
Largest movements
- Cash -€59,479
down €59,479 (-25.5%), from €233,083 to €173,604
mainly Contributions, distributions and other (-€117,647) and Current investments (-€12,000)
- Current investments +€12,000
new in 2025: €12,000
- Reserves -€58,507
down €58,507 (-27.6%), from €211,805 to €153,298
- Tax, wage and social debts +€6,247
up €6,247 (+73.9%), from €8,455 to €14,703
- Gross operating margin -€1,405
down €1,405 (-1.7%), from €80,830 to €79,425
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 | €236,605 | €187,583 | -€49,022 | -20.7% |
| Fixed assets | 21/28 | €1,025 | €528 | -€497 | -48.5% |
| Tangible fixed assets | 22/27 | €1,025 | €528 | -€497 | -48.5% |
| Furniture and vehicles | 24 | €1,025 | €528 | -€497 | -48.5% |
| Current assets | 29/58 | €235,580 | €187,055 | -€48,525 | -20.6% |
| Amounts receivable within one year | 40/41 | €2,497 | €1,451 | -€1,046 | -41.9% |
| Trade receivables | 40 | €2,497 | €1,451 | -€1,046 | -41.9% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €233,083 | €173,604 | -€59,479 | -25.5% |
| Total equity and liabilities | 10/49 | €236,605 | €187,583 | -€49,022 | -20.7% |
| Equity | 10/15 | €226,805 | €168,298 | -€58,507 | -25.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €211,805 | €153,298 | -€58,507 | -27.6% |
| Distributable reserves | 133 | €211,805 | €153,298 | -€58,507 | -27.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,799 | €19,285 | +€9,486 | +96.8% |
| Amounts payable within one year | 42/48 | €9,799 | €17,965 | +€8,165 | +83.3% |
| Trade debts | 44 | €1,344 | €2,815 | +€1,470 | +109.4% |
| Suppliers | 440/4 | €1,344 | €2,815 | +€1,470 | +109.4% |
| Taxes, remuneration and social security | 45 | €8,455 | €14,703 | +€6,247 | +73.9% |
| Taxes | 450/3 | €8,455 | €14,703 | +€6,247 | +73.9% |
| Other amounts payable | 47/48 | - | €447 | +€447 | |
| Accrued charges and deferred income | 492/3 | - | €1,321 | +€1,321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €497 | = | 0.0% |
| Other operating charges | 640/8 | €288 | €571 | +€283 | +98.3% |
| Gross operating margin | 9900 | €80,830 | €79,425 | -€1,405 | -1.7% |
| Operating profit (loss) | 9901 | €80,045 | €78,357 | -€1,688 | -2.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,627 | €2,045 | +€418 | +25.7% |
| Recurring financial charges | 65 | €1,627 | €2,045 | +€418 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €78,418 | €76,312 | -€2,107 | -2.7% |
| Income taxes | 67/77 | €16,708 | €17,172 | +€464 | +2.8% |
| Profit (loss) for the period | 9904 | €61,710 | €59,140 | -€2,570 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,710 | €59,140 | -€2,570 | -4.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.