De Ring: 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.
What changed
De Ring
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€36,749
2024 · €35,205+€1,544
Equity
€2.2m
2024 · €2.2m+€36,749
Cash
€29,815
2024 · €31,277-€1,462
Balance sheet total
€4.3m
2024 · €4.5m-€141,952
Largest movements
Assets
- Tangible fixed assets -€140,510
down €140,510 (-3.2%), from €4.5m to €4.3m
Equity and liabilities
- Debts after one year -€133,333
down €133,333 (-15.7%), from €849,999 to €716,666
- Other debts -€45,348
down €45,348 (-3.5%), from €1.3m to €1.3m
Income statement
- Financial charges -€2,804
down €2,804 (-3.1%), from €89,076 to €86,272
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
€35,205
Gross operating margin
+€50
Depreciation
-€0
Other operating charges
+€47
Financial charges
+€2,804
Taxes
-€1,357
Result 2025
€36,749
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.
From operations
+€131,871
Investment
€0
Financing
-€133,333
Cash 2024
€31,277
From operations (derived)
+€131,871
Net result for the year
+€36,749
Depreciation
+€140,510
Deferred charges and accrued income
-€20
Trade debts
-€1,220
Tax, wage and social debts
+€1,200
Other debts
-€45,348
Financing
-€133,333
Debts after one year
-€133,333
Cash 2025
€29,815
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,483,625 | €4,341,673 | -€141,952 | -3.2% |
| Fixed assets | 21/28 | €4,451,015 | €4,310,505 | -€140,510 | -3.2% |
| Tangible fixed assets | 22/27 | €4,451,015 | €4,310,505 | -€140,510 | -3.2% |
| Land and buildings | 22 | €4,451,015 | €4,310,505 | -€140,510 | -3.2% |
| Current assets | 29/58 | €32,609 | €31,168 | -€1,442 | -4.4% |
| Amounts receivable within one year | 40/41 | €330 | €330 | = | 0.0% |
| Trade receivables | 40 | €330 | €330 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,277 | €29,815 | -€1,462 | -4.7% |
| Deferred charges and accrued income | 490/1 | €1,002 | €1,022 | +€20 | +2.0% |
| Total equity and liabilities | 10/49 | €4,483,625 | €4,341,673 | -€141,952 | -3.2% |
| Equity | 10/15 | €2,171,775 | €2,208,524 | +€36,749 | +1.7% |
| Contributions | 10/11 | €2,062,000 | €2,062,000 | = | 0.0% |
| Capital | 10 | €2,062,000 | €2,062,000 | = | 0.0% |
| Issued capital | 100 | €2,062,000 | €2,062,000 | = | 0.0% |
| Reserves | 13 | €22,312 | €24,149 | +€1,837 | +8.2% |
| Non-distributable reserves | 130/1 | €10,803 | €12,641 | +€1,837 | +17.0% |
| Legal reserve | 130 | €10,803 | €12,641 | +€1,837 | +17.0% |
| Distributable reserves | 133 | €11,508 | €11,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,463 | €122,375 | +€34,912 | +39.9% |
| Amounts payable | 17/49 | €2,311,850 | €2,133,149 | -€178,701 | -7.7% |
| Amounts payable after more than one year | 17 | €849,999 | €716,666 | -€133,333 | -15.7% |
| Financial debts | 170/4 | €849,999 | €716,666 | -€133,333 | -15.7% |
| Amounts payable within one year | 42/48 | €1,461,851 | €1,416,483 | -€45,368 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €133,333 | €133,333 | = | 0.0% |
| Trade debts | 44 | €10,678 | €9,458 | -€1,220 | -11.4% |
| Suppliers | 440/4 | €10,678 | €9,458 | -€1,220 | -11.4% |
| Taxes, remuneration and social security | 45 | €12,800 | €14,000 | +€1,200 | +9.4% |
| Taxes | 450/3 | €12,800 | €14,000 | +€1,200 | +9.4% |
| Other amounts payable | 47/48 | €1,305,039 | €1,259,692 | -€45,348 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,510 | €140,510 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,171 | €1,124 | -€47 | -4.0% |
| Gross operating margin | 9900 | €278,563 | €278,614 | +€50 | 0.0% |
| Operating profit (loss) | 9901 | €136,882 | €136,980 | +€97 | +0.1% |
| Financial charges | 65/66B | €89,076 | €86,272 | -€2,804 | -3.1% |
| Recurring financial charges | 65 | €89,076 | €86,272 | -€2,804 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €47,806 | €50,707 | +€2,902 | +6.1% |
| Income taxes | 67/77 | €12,601 | €13,958 | +€1,357 | +10.8% |
| Profit (loss) for the period | 9904 | €35,205 | €36,749 | +€1,544 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,205 | €36,749 | +€1,544 | +4.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.