RING PUBLI: 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 PUBLI
Largest movements
- Receivables within one year -€8,026
down €8,026 (-46.0%), from €17,451 to €9,425
of which Other amounts receivable: -€7,130
- Cash -€6,183
down €6,183 (-92.3%), from €6,696 to €513
mainly Net result for the year (-€113,887) and Accrued charges and deferred income (-€354)
- Tangible fixed assets -€960
down €960 (-26.0%), from €3,691 to €2,731
- Profit (loss) carried forward -€113,887
down €113,887 (-7.2%), from -€1.6m to -€1.7m
- Debts after one year +€90,028
up €90,028 (+7.2%), from €1.2m to €1.3m
- Trade debts +€9,045
up €9,045 (+8.6%), from €104,634 to €113,678
- Accrued charges and deferred income -€354
no longer reported in 2025 (was €354)
- Depreciation -€296,432
down €296,432 (-99.7%), from €297,392 to €960
- Gross operating margin -€13,768
down €13,768, from €7,063 to -€6,705
- Financial charges -€6,947
down €6,947 (-7.8%), from €89,611 to €82,664
- Other operating charges +€91
up €91 (+0.4%), from €23,468 to €23,558
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 | €27,837 | €12,669 | -€15,169 | -54.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,691 | €2,731 | -€960 | -26.0% |
| Tangible fixed assets | 22/27 | €3,691 | €2,731 | -€960 | -26.0% |
| Plant, machinery and equipment | 23 | €3,691 | €2,731 | -€960 | -26.0% |
| Current assets | 29/58 | €24,147 | €9,938 | -€14,209 | -58.8% |
| Amounts receivable within one year | 40/41 | €17,451 | €9,425 | -€8,026 | -46.0% |
| Trade receivables | 40 | €8,896 | €8,000 | -€896 | -10.1% |
| Other amounts receivable | 41 | €8,555 | €1,425 | -€7,130 | -83.3% |
| Cash at bank and in hand | 54/58 | €6,696 | €513 | -€6,183 | -92.3% |
| Total equity and liabilities | 10/49 | €27,837 | €12,669 | -€15,169 | -54.5% |
| Equity | 10/15 | -€1,322,692 | -€1,436,579 | -€113,887 | -8.6% |
| Contributions | 10/11 | €266,500 | €266,500 | = | 0.0% |
| Capital | 10 | €266,500 | €266,500 | = | 0.0% |
| Issued capital | 100 | €266,500 | €266,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,589,192 | -€1,703,079 | -€113,887 | -7.2% |
| Amounts payable | 17/49 | €1,350,530 | €1,449,248 | +€98,718 | +7.3% |
| Amounts payable after more than one year | 17 | €1,245,542 | €1,335,570 | +€90,028 | +7.2% |
| Other amounts payable | 178/9 | €1,245,542 | €1,335,570 | +€90,028 | +7.2% |
| Amounts payable within one year | 42/48 | €104,634 | €113,678 | +€9,045 | +8.6% |
| Trade debts | 44 | €104,634 | €113,678 | +€9,045 | +8.6% |
| Suppliers | 440/4 | €104,634 | €113,678 | +€9,045 | +8.6% |
| Accrued charges and deferred income | 492/3 | €354 | - | -€354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297,392 | €960 | -€296,432 | -99.7% |
| Other operating charges | 640/8 | €23,468 | €23,558 | +€91 | +0.4% |
| Non-recurring operating charges | 66A | €3,020 | - | -€3,020 | |
| Gross operating margin | 9900 | €7,063 | -€6,705 | -€13,768 | |
| Operating profit (loss) | 9901 | -€316,816 | -€31,223 | +€285,593 | +90.1% |
| Financial charges | 65/66B | €89,611 | €82,664 | -€6,947 | -7.8% |
| Recurring financial charges | 65 | €89,611 | €82,664 | -€6,947 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€406,427 | -€113,887 | +€292,540 | +72.0% |
| Profit (loss) for the period | 9904 | -€406,427 | -€113,887 | +€292,540 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€406,427 | -€113,887 | +€292,540 | +72.0% |
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 24 October 2026 via checked.be.