DON RINGOOT: 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.
DON RINGOOT
Largest movements
- Tangible fixed assets +€518,433
up €518,433 (+25.7%), from €2.0m to €2.5m
of which Land and buildings: +€529,986
- Cash -€202,516
down €202,516 (-44.1%), from €459,168 to €256,652
mainly Investment in fixed assets (net) (-€595,177) and Accrued charges and deferred income (-€5,296)
- Reserves +€287,454
up €287,454 (+66.6%), from €431,459 to €718,913
of which Distributable reserves: +€287,454
- Gross operating margin +€106,443
up €106,443 (+23.3%), from €457,014 to €563,457
- Taxes +€20,820
up €20,820 (+19.6%), from €106,048 to €126,869
- Depreciation +€17,861
up €17,861 (+30.3%), from €58,883 to €76,744
- Financial charges -€6,183
down €6,183 (-12.3%), from €50,451 to €44,268
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 | €2,548,369 | €2,873,786 | +€325,417 | +12.8% |
| Fixed assets | 21/28 | €2,021,357 | €2,539,790 | +€518,433 | +25.6% |
| Tangible fixed assets | 22/27 | €2,020,994 | €2,539,427 | +€518,433 | +25.7% |
| Land and buildings | 22 | €2,006,446 | €2,536,432 | +€529,986 | +26.4% |
| Plant, machinery and equipment | 23 | €978 | €1,331 | +€353 | +36.1% |
| Furniture and vehicles | 24 | €13,570 | €1,664 | -€11,906 | -87.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €527,012 | €333,996 | -€193,016 | -36.6% |
| Amounts receivable within one year | 40/41 | €66,918 | €71,622 | +€4,704 | +7.0% |
| Other amounts receivable | 41 | €66,918 | €71,622 | +€4,704 | +7.0% |
| Cash at bank and in hand | 54/58 | €459,168 | €256,652 | -€202,516 | -44.1% |
| Deferred charges and accrued income | 490/1 | €926 | €5,721 | +€4,796 | +518% |
| Total equity and liabilities | 10/49 | €2,548,369 | €2,873,786 | +€325,417 | +12.8% |
| Equity | 10/15 | €728,599 | €1,016,052 | +€287,454 | +39.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €431,459 | €718,913 | +€287,454 | +66.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €425,309 | €712,763 | +€287,454 | +67.6% |
| Profit (loss) carried forward | 14 | €235,639 | €235,639 | = | 0.0% |
| Amounts payable | 17/49 | €1,819,770 | €1,857,734 | +€37,964 | +2.1% |
| Amounts payable within one year | 42/48 | €1,768,452 | €1,811,712 | +€43,259 | +2.4% |
| Trade debts | 44 | €13,790 | €20,132 | +€6,342 | +46.0% |
| Suppliers | 440/4 | €13,790 | €20,132 | +€6,342 | +46.0% |
| Taxes, remuneration and social security | 45 | €12,350 | €36,310 | +€23,961 | +194% |
| Taxes | 450/3 | €12,350 | €36,310 | +€23,960 | +194% |
| Remuneration and social security | 454/9 | - | €0 | +€0 | |
| Other amounts payable | 47/48 | €1,742,313 | €1,755,270 | +€12,957 | +0.7% |
| Accrued charges and deferred income | 492/3 | €51,318 | €46,022 | -€5,296 | -10.3% |
| Non-recurring operating income | 76A | €45,474 | €63,963 | +€18,490 | +40.7% |
| Remuneration, social security and pensions | 62 | €18,251 | €19,559 | +€1,308 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,883 | €76,744 | +€17,861 | +30.3% |
| Other operating charges | 640/8 | €6,955 | €6,866 | -€90 | -1.3% |
| Non-recurring operating charges | 66A | €494 | €1,716 | +€1,222 | +247% |
| Gross operating margin | 9900 | €457,014 | €563,457 | +€106,443 | +23.3% |
| Operating profit (loss) | 9901 | €372,430 | €458,573 | +€86,143 | +23.1% |
| Financial income | 75/76B | €1,967 | €18 | -€1,949 | -99.1% |
| Recurring financial income | 75 | €1,967 | €18 | -€1,949 | -99.1% |
| Financial charges | 65/66B | €50,451 | €44,268 | -€6,183 | -12.3% |
| Recurring financial charges | 65 | €50,451 | €44,268 | -€6,183 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €323,946 | €414,322 | +€90,376 | +27.9% |
| Income taxes | 67/77 | €106,048 | €126,869 | +€20,820 | +19.6% |
| Profit (loss) for the period | 9904 | €217,898 | €287,454 | +€69,556 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €217,898 | €287,454 | +€69,556 | +31.9% |
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 19 October 2026 via checked.be.