RING CONSULT: 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.
RING CONSULT
Largest movements
- Cash -€87,532
down €87,532 (-47.3%), from €185,093 to €97,561
mainly Trade debts (-€130,114) and Short-term financial debts (-€66,823)
- Receivables within one year -€30,774
down €30,774 (-5.6%), from €545,679 to €514,905
of which Trade receivables: -€40,540
- Tangible fixed assets -€26,909
down €26,909 (-34.6%), from €77,734 to €50,826
of which Other tangible fixed assets: -€14,637
- Deferred charges and accrued income +€11,735
up €11,735 (+394.0%), from €2,979 to €14,713
- Trade debts -€130,114
down €130,114 (-57.6%), from €225,806 to €95,692
- Short-term financial debts -€66,823
down €66,823 (-19.5%), from €342,275 to €275,452
of which Other loans: -€61,782
- Advances received +€40,994
up €40,994 (+41.4%), from €99,117 to €140,111
- Other debts +€36,303
up €36,303 (+336.1%), from €10,802 to €47,105
- Tax, wage and social debts -€8,632
down €8,632 (-11.9%), from €72,730 to €64,097
of which Taxes: -€19,475
- Gross operating margin -€59,163
down €59,163 (-18.1%), from €326,553 to €267,390
- Taxes -€12,416
down €12,416 (-64.7%), from €19,196 to €6,781
- Staff costs -€9,026
down €9,026 (-4.0%), from €225,315 to €216,290
- Depreciation -€3,902
down €3,902 (-14.0%), from €27,908 to €24,006
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 | €814,718 | €678,921 | -€135,797 | -16.7% |
| Fixed assets | 21/28 | €80,968 | €51,742 | -€29,225 | -36.1% |
| Intangible fixed assets | 21 | €1,333 | €667 | -€667 | -50.0% |
| Tangible fixed assets | 22/27 | €77,734 | €50,826 | -€26,909 | -34.6% |
| Furniture and vehicles | 24 | €13,621 | €1,350 | -€12,271 | -90.1% |
| Other tangible fixed assets | 26 | €64,113 | €49,476 | -€14,637 | -22.8% |
| Financial fixed assets | 28 | €1,900 | €250 | -€1,650 | -86.8% |
| Current assets | 29/58 | €733,751 | €627,179 | -€106,572 | -14.5% |
| Amounts receivable within one year | 40/41 | €545,679 | €514,905 | -€30,774 | -5.6% |
| Trade receivables | 40 | €448,272 | €407,731 | -€40,540 | -9.0% |
| Other amounts receivable | 41 | €97,408 | €107,173 | +€9,766 | +10.0% |
| Cash at bank and in hand | 54/58 | €185,093 | €97,561 | -€87,532 | -47.3% |
| Deferred charges and accrued income | 490/1 | €2,979 | €14,713 | +€11,735 | +394.0% |
| Total equity and liabilities | 10/49 | €814,718 | €678,921 | -€135,797 | -16.7% |
| Equity | 10/15 | €17,515 | €21,592 | +€4,077 | +23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,085 | €2,992 | +€4,077 | |
| Amounts payable | 17/49 | €797,204 | €657,329 | -€139,875 | -17.5% |
| Amounts payable after more than one year | 17 | €34,872 | €27,162 | -€7,709 | -22.1% |
| Financial debts | 170/4 | €34,872 | €27,162 | -€7,709 | -22.1% |
| Amounts payable within one year | 42/48 | €758,332 | €630,167 | -€128,166 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €7,603 | €7,709 | +€106 | +1.4% |
| Financial debts | 43 | €342,275 | €275,452 | -€66,823 | -19.5% |
| Credit institutions | 430/8 | €5,041 | €0 | -€5,041 | -100.0% |
| Other loans | 439 | €337,234 | €275,452 | -€61,782 | -18.3% |
| Trade debts | 44 | €225,806 | €95,692 | -€130,114 | -57.6% |
| Suppliers | 440/4 | €225,806 | €95,692 | -€130,114 | -57.6% |
| Advances received on contracts in progress | 46 | €99,117 | €140,111 | +€40,994 | +41.4% |
| Taxes, remuneration and social security | 45 | €72,730 | €64,097 | -€8,632 | -11.9% |
| Taxes | 450/3 | €53,417 | €33,942 | -€19,475 | -36.5% |
| Remuneration and social security | 454/9 | €19,313 | €30,155 | +€10,843 | +56.1% |
| Other amounts payable | 47/48 | €10,802 | €47,105 | +€36,303 | +336.1% |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €225,315 | €216,290 | -€9,026 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,908 | €24,006 | -€3,902 | -14.0% |
| Other operating charges | 640/8 | €5,174 | €3,592 | -€1,583 | -30.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €326,553 | €267,390 | -€59,163 | -18.1% |
| Operating profit (loss) | 9901 | €68,156 | €23,503 | -€44,653 | -65.5% |
| Financial income | 75/76B | €978 | €653 | -€325 | -33.3% |
| Recurring financial income | 75 | €978 | €653 | -€325 | -33.3% |
| Financial charges | 65/66B | €15,474 | €13,297 | -€2,177 | -14.1% |
| Recurring financial charges | 65 | €15,474 | €13,297 | -€2,177 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €53,659 | €10,858 | -€42,801 | -79.8% |
| Income taxes | 67/77 | €19,196 | €6,781 | -€12,416 | -64.7% |
| Profit (loss) for the period | 9904 | €34,463 | €4,077 | -€30,386 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,463 | €4,077 | -€30,386 | -88.2% |
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 12 October 2026 via checked.be.