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.
RING
Largest movements
- Cash +€46,347
up €46,347 (+45.7%), from €101,333 to €147,680
mainly Net result for the year (+€50,031) and Receivables within one year (+€34,755)
- Tangible fixed assets +€42,890
up €42,890 (+4.9%), from €873,721 to €916,611
of which Plant, machinery and equipment: +€30,163
- Receivables within one year -€34,755
down €34,755 (-9.8%), from €353,906 to €319,151
of which Trade receivables: -€34,755
- Profit (loss) carried forward +€50,031
up €50,031 (+30.9%), from -€161,984 to -€111,953
- Gross operating margin +€12,255
up €12,255 (+20.5%), from €59,733 to €71,989
- Depreciation -€3,170
down €3,170 (-24.8%), from €12,757 to €9,587
- Taxes +€1,376
new in 2025: €1,376
- Financial charges -€1,325
down €1,325 (-12.1%), from €10,939 to €9,614
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 | €1,340,596 | €1,383,442 | +€42,846 | +3.2% |
| Fixed assets | 21/28 | €873,721 | €916,611 | +€42,890 | +4.9% |
| Tangible fixed assets | 22/27 | €873,721 | €916,611 | +€42,890 | +4.9% |
| Land and buildings | 22 | €867,191 | €879,918 | +€12,727 | +1.5% |
| Plant, machinery and equipment | 23 | €6,530 | €36,693 | +€30,163 | +461.9% |
| Current assets | 29/58 | €466,875 | €466,831 | -€44 | 0.0% |
| Amounts receivable within one year | 40/41 | €353,906 | €319,151 | -€34,755 | -9.8% |
| Trade receivables | 40 | €176,028 | €141,272 | -€34,755 | -19.7% |
| Other amounts receivable | 41 | €177,879 | €177,879 | = | 0.0% |
| Current investments | 50/53 | €11,636 | €0 | -€11,636 | -100.0% |
| Cash at bank and in hand | 54/58 | €101,333 | €147,680 | +€46,347 | +45.7% |
| Total equity and liabilities | 10/49 | €1,340,596 | €1,383,442 | +€42,846 | +3.2% |
| Equity | 10/15 | €1,185,574 | €1,235,605 | +€50,031 | +4.2% |
| Contributions | 10/11 | €620,500 | €620,500 | = | 0.0% |
| Outside capital | 11 | €620,500 | €620,500 | = | 0.0% |
| Other | 1109/19 | €620,500 | €620,500 | = | 0.0% |
| Revaluation surpluses | 12 | €720,584 | €720,584 | = | 0.0% |
| Reserves | 13 | €6,474 | €6,474 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,474 | €6,474 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,474 | €6,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,984 | -€111,953 | +€50,031 | +30.9% |
| Amounts payable | 17/49 | €155,022 | €147,837 | -€7,185 | -4.6% |
| Amounts payable after more than one year | 17 | €132,000 | €132,000 | = | 0.0% |
| Financial debts | 170/4 | €132,000 | €132,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,022 | €15,837 | -€7,185 | -31.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €555 | €285 | -€270 | -48.6% |
| Suppliers | 440/4 | €555 | €285 | -€270 | -48.6% |
| Taxes, remuneration and social security | 45 | €13,373 | €7,523 | -€5,850 | -43.7% |
| Taxes | 450/3 | €13,373 | €7,523 | -€5,850 | -43.7% |
| Other amounts payable | 47/48 | €9,095 | €8,029 | -€1,066 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,757 | €9,587 | -€3,170 | -24.8% |
| Other operating charges | 640/8 | €1,268 | €1,380 | +€112 | +8.8% |
| Gross operating margin | 9900 | €59,733 | €71,989 | +€12,255 | +20.5% |
| Operating profit (loss) | 9901 | €45,708 | €61,021 | +€15,313 | +33.5% |
| Financial income | 75/76B | €21 | €0 | -€21 | -99.6% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -99.6% |
| Financial charges | 65/66B | €10,939 | €9,614 | -€1,325 | -12.1% |
| Recurring financial charges | 65 | €10,939 | €9,614 | -€1,325 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €34,791 | €51,407 | +€16,616 | +47.8% |
| Income taxes | 67/77 | - | €1,376 | +€1,376 | |
| Profit (loss) for the period | 9904 | €34,791 | €50,031 | +€15,241 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,791 | €50,031 | +€15,241 | +43.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.