RING PROD: 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 PROD
Largest movements
- Cash -€49,881
down €49,881 (-92.0%), from €54,189 to €4,308
mainly Net result for the year (-€51,654) and Trade debts (-€47,966)
- Profit (loss) carried forward -€51,654
down €51,654 (-35.1%), from €147,147 to €95,492
- Trade debts -€47,966
down €47,966 (-99.8%), from €48,041 to €75
- Other debts +€47,912
up €47,912 (+107.6%), from €44,532 to €92,444
- Gross operating margin -€1.1m
down €1.1m, from €1.0m to -€49,001
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 | €249,188 | €197,480 | -€51,708 | -20.8% |
| Fixed assets | 21/28 | €192,321 | €190,701 | -€1,620 | -0.8% |
| Tangible fixed assets | 22/27 | €2,321 | €701 | -€1,620 | -69.8% |
| Furniture and vehicles | 24 | €2,321 | €701 | -€1,620 | -69.8% |
| Financial fixed assets | 28 | €190,000 | €190,000 | = | 0.0% |
| Current assets | 29/58 | €56,867 | €6,778 | -€50,089 | -88.1% |
| Amounts receivable within one year | 40/41 | €2,678 | €2,470 | -€208 | -7.8% |
| Trade receivables | 40 | €2,326 | €2,326 | -€1 | 0.0% |
| Other amounts receivable | 41 | €352 | €144 | -€208 | -59.0% |
| Cash at bank and in hand | 54/58 | €54,189 | €4,308 | -€49,881 | -92.0% |
| Total equity and liabilities | 10/49 | €249,188 | €197,480 | -€51,708 | -20.8% |
| Equity | 10/15 | €153,347 | €101,692 | -€51,654 | -33.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,147 | €95,492 | -€51,654 | -35.1% |
| Amounts payable | 17/49 | €95,841 | €95,787 | -€54 | -0.1% |
| Amounts payable within one year | 42/48 | €95,841 | €95,787 | -€54 | -0.1% |
| Trade debts | 44 | €48,041 | €75 | -€47,966 | -99.8% |
| Suppliers | 440/4 | €48,041 | €75 | -€47,966 | -99.8% |
| Taxes, remuneration and social security | 45 | €3,269 | €3,269 | = | 0.0% |
| Taxes | 450/3 | €3,269 | €3,269 | = | 0.0% |
| Other amounts payable | 47/48 | €44,532 | €92,444 | +€47,912 | +107.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,384 | €1,620 | -€764 | -32.0% |
| Other operating charges | 640/8 | €30 | €897 | +€867 | +2924.6% |
| Gross operating margin | 9900 | €1,041,198 | -€49,001 | -€1.1m | |
| Operating profit (loss) | 9901 | €1,038,785 | -€51,518 | -€1.1m | |
| Financial charges | 65/66B | €140 | €136 | -€4 | -2.7% |
| Recurring financial charges | 65 | €140 | €136 | -€4 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €1,038,645 | -€51,654 | -€1.1m | |
| Income taxes | 67/77 | €3,269 | - | -€3,269 | |
| Profit (loss) for the period | 9904 | €1,035,375 | -€51,654 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,035,375 | -€51,654 | -€1.1m |
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 9 October 2026 via checked.be.