Ring Station X: 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 Station X
Largest movements
- Receivables within one year +€152,884
up €152,884 (+12,526%), from €1,221 to €154,104
of which Trade receivables: +€152,734
- Other debts +€78,310
up €78,310 (+6.9%), from €1.1m to €1.2m
- Profit (loss) carried forward +€63,821
up €63,821 (+31.8%), from -€200,847 to -€137,026
- Gross operating margin +€134,185
up €134,185, from -€3,982 to €130,202
- Other operating charges +€14,736
up €14,736 (+301%), from €4,894 to €19,630
- Financial charges -€8,839
down €8,839 (-16.9%), from €52,231 to €43,392
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 | €1,103,739 | €1,250,342 | +€146,602 | +13.3% |
| Fixed assets | 21/28 | €1,100,140 | €1,090,140 | -€10,000 | -0.9% |
| Tangible fixed assets | 22/27 | €1,100,140 | €1,090,140 | -€10,000 | -0.9% |
| Land and buildings | 22 | €1,100,140 | €1,090,140 | -€10,000 | -0.9% |
| Current assets | 29/58 | €3,599 | €160,202 | +€156,602 | +4,351% |
| Amounts receivable within one year | 40/41 | €1,221 | €154,104 | +€152,884 | +12,526% |
| Trade receivables | 40 | - | €152,734 | +€152,734 | |
| Other amounts receivable | 41 | €1,221 | €1,370 | +€150 | +12.3% |
| Cash at bank and in hand | 54/58 | €2,086 | €5,796 | +€3,710 | +178% |
| Deferred charges and accrued income | 490/1 | €293 | €301 | +€8 | +2.8% |
| Total equity and liabilities | 10/49 | €1,103,739 | €1,250,342 | +€146,602 | +13.3% |
| Equity | 10/15 | -€39,347 | €27,833 | +€67,180 | |
| Contributions | 10/11 | €161,500 | €161,500 | = | 0.0% |
| Capital | 10 | €161,500 | €161,500 | = | 0.0% |
| Issued capital | 100 | €161,500 | €161,500 | = | 0.0% |
| Reserves | 13 | - | €3,359 | +€3,359 | |
| Non-distributable reserves | 130/1 | - | €3,359 | +€3,359 | |
| Legal reserve | 130 | - | €3,359 | +€3,359 | |
| Profit (loss) carried forward | 14 | -€200,847 | -€137,026 | +€63,821 | +31.8% |
| Amounts payable | 17/49 | €1,143,086 | €1,222,508 | +€79,422 | +6.9% |
| Amounts payable within one year | 42/48 | €1,143,086 | €1,222,508 | +€79,422 | +6.9% |
| Trade debts | 44 | €407 | €1,519 | +€1,112 | +273% |
| Suppliers | 440/4 | €407 | €1,519 | +€1,112 | +273% |
| Other amounts payable | 47/48 | €1,142,679 | €1,220,989 | +€78,310 | +6.9% |
| Other operating charges | 640/8 | €4,894 | €19,630 | +€14,736 | +301% |
| Gross operating margin | 9900 | -€3,982 | €130,202 | +€134,185 | |
| Operating profit (loss) | 9901 | -€8,877 | €110,572 | +€119,449 | |
| Financial charges | 65/66B | €52,231 | €43,392 | -€8,839 | -16.9% |
| Recurring financial charges | 65 | €52,231 | €43,392 | -€8,839 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€61,108 | €67,180 | +€128,288 | |
| Profit (loss) for the period | 9904 | -€61,108 | €67,180 | +€128,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,108 | €67,180 | +€128,288 |
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 23 October 2026 via checked.be.