RING MOTOR: 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 MOTOR
Largest movements
- Cash -€501,273
down €501,273 (-78.0%), from €642,638 to €141,365
mainly Other debts (-€571,029) and Net result for the year (-€242,280)
- Stocks and contracts -€266,130
no longer reported in 2025 (was €266,130)
- Tangible fixed assets -€63,777
down €63,777 (-6.3%), from €1.0m to €942,205
of which Land and buildings: -€43,030
- Receivables within one year -€49,223
down €49,223 (-41.5%), from €118,473 to €69,250
of which Trade receivables: -€86,027
- Other debts -€571,029
no longer reported in 2025 (was €571,029)
- Profit (loss) carried forward -€242,280
down €242,280 (-22.7%), from €1.1m to €824,869
- Trade debts -€39,474
down €39,474 (-96.4%), from €40,930 to €1,456
- Tax, wage and social debts -€25,071
down €25,071 (-91.9%), from €27,284 to €2,213
of which Remuneration and social security: -€19,058
- Gross operating margin -€319,794
down €319,794 (-75.0%), from €426,337 to €106,543
- Depreciation -€40,804
down €40,804 (-44.5%), from €91,603 to €50,799
- Staff costs -€23,773
down €23,773 (-9.3%), from €255,762 to €231,989
- Taxes -€10,230
no longer reported in 2025 (was €10,230)
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 | €2,043,588 | €1,155,358 | -€888,230 | -43.5% |
| Fixed assets | 21/28 | €1,006,986 | €943,209 | -€63,777 | -6.3% |
| Tangible fixed assets | 22/27 | €1,005,982 | €942,205 | -€63,777 | -6.3% |
| Land and buildings | 22 | €931,514 | €888,484 | -€43,030 | -4.6% |
| Plant, machinery and equipment | 23 | €16,248 | €13,667 | -€2,581 | -15.9% |
| Furniture and vehicles | 24 | €12,979 | - | -€12,979 | |
| Other tangible fixed assets | 26 | €45,241 | €40,053 | -€5,188 | -11.5% |
| Financial fixed assets | 28 | €1,004 | €1,004 | -€0 | 0.0% |
| Current assets | 29/58 | €1,036,602 | €212,150 | -€824,453 | -79.5% |
| Stocks and contracts in progress | 3 | €266,130 | - | -€266,130 | |
| Stocks | 30/36 | €266,130 | - | -€266,130 | |
| Amounts receivable within one year | 40/41 | €118,473 | €69,250 | -€49,223 | -41.5% |
| Trade receivables | 40 | €97,705 | €11,678 | -€86,027 | -88.0% |
| Other amounts receivable | 41 | €20,768 | €57,572 | +€36,804 | +177% |
| Cash at bank and in hand | 54/58 | €642,638 | €141,365 | -€501,273 | -78.0% |
| Deferred charges and accrued income | 490/1 | €9,361 | €1,534 | -€7,827 | -83.6% |
| Total equity and liabilities | 10/49 | €2,043,588 | €1,155,358 | -€888,230 | -43.5% |
| Equity | 10/15 | €1,389,869 | €1,147,589 | -€242,280 | -17.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €260,720 | €260,720 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €8,265 | €8,265 | +€0 | 0.0% |
| Legal reserve | 130 | €8,265 | €8,265 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | - | €96,268 | +€96,268 | |
| Distributable reserves | 133 | €252,455 | €156,187 | -€96,268 | -38.1% |
| Profit (loss) carried forward | 14 | €1,067,149 | €824,869 | -€242,280 | -22.7% |
| Amounts payable | 17/49 | €653,719 | €7,769 | -€645,950 | -98.8% |
| Amounts payable after more than one year | 17 | €2,200 | €4,100 | +€1,900 | +86.4% |
| Other amounts payable | 178/9 | €2,200 | €4,100 | +€1,900 | +86.4% |
| Amounts payable within one year | 42/48 | €648,342 | €3,669 | -€644,673 | -99.4% |
| Trade debts | 44 | €40,930 | €1,456 | -€39,474 | -96.4% |
| Suppliers | 440/4 | €40,930 | €1,456 | -€39,474 | -96.4% |
| Advances received on contracts in progress | 46 | €9,099 | - | -€9,099 | |
| Taxes, remuneration and social security | 45 | €27,284 | €2,213 | -€25,071 | -91.9% |
| Taxes | 450/3 | €6,013 | - | -€6,013 | |
| Remuneration and social security | 454/9 | €21,271 | €2,213 | -€19,058 | -89.6% |
| Other amounts payable | 47/48 | €571,029 | - | -€571,029 | |
| Accrued charges and deferred income | 492/3 | €3,177 | - | -€3,177 | |
| Remuneration, social security and pensions | 62 | €255,762 | €231,989 | -€23,773 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,603 | €50,799 | -€40,804 | -44.5% |
| Other operating charges | 640/8 | €55,432 | €52,395 | -€3,037 | -5.5% |
| Non-recurring operating charges | 66A | - | €10,798 | +€10,798 | |
| Gross operating margin | 9900 | €426,337 | €106,543 | -€319,794 | -75.0% |
| Operating profit (loss) | 9901 | €23,540 | -€239,438 | -€262,978 | |
| Financial income | 75/76B | - | €797 | +€797 | |
| Recurring financial income | 75 | - | €797 | +€797 | |
| Financial charges | 65/66B | €4,228 | €3,639 | -€589 | -13.9% |
| Recurring financial charges | 65 | €4,228 | €3,639 | -€589 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €19,312 | -€242,280 | -€261,592 | |
| Income taxes | 67/77 | €10,230 | - | -€10,230 | |
| Profit (loss) for the period | 9904 | €9,082 | -€242,280 | -€251,362 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,082 | -€242,280 | -€251,362 |
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 13 October 2026 via checked.be.