Ring Twice: 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 Twice
Largest movements
- Intangible fixed assets -€168,827
down €168,827 (-25.1%), from €672,330 to €503,502
- Cash +€148,796
up €148,796 (+31.0%), from €480,209 to €629,005
mainly Depreciation (+€443,644) and Accrued charges and deferred income (+€128,031)
- Deferred charges and accrued income +€31,616
up €31,616 (+92.0%), from €34,381 to €65,997
- Accrued charges and deferred income +€128,031
up €128,031 (+104.0%), from €123,093 to €251,124
- Profit (loss) carried forward -€90,009
down €90,009 (-9.4%), from -€957,490 to -€1.0m
- Debts after one year -€75,552
down €75,552 (-39.1%), from €193,402 to €117,850
- Other debts +€54,723
up €54,723 (+1108.7%), from €4,936 to €59,659
- Trade debts +€51,092
up €51,092 (+94.0%), from €54,370 to €105,462
- Staff costs -€267,789
down €267,789 (-27.2%), from €983,622 to €715,833
- Gross operating margin -€229,235
down €229,235 (-16.7%), from €1.4m to €1.1m
- Depreciation -€48,122
down €48,122 (-9.8%), from €491,766 to €443,644
- Other operating charges +€35,157
up €35,157 (+10570.8%), from €333 to €35,489
- Financial charges -€24,861
down €24,861 (-25.1%), from €99,127 to €74,266
of which Financial charges: -€24,862
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,453,621 | €1,463,432 | +€9,811 | +0.7% |
| Fixed assets | 21/28 | €679,561 | €509,247 | -€170,315 | -25.1% |
| Intangible fixed assets | 21 | €672,330 | €503,502 | -€168,827 | -25.1% |
| Tangible fixed assets | 22/27 | €1,682 | €194 | -€1,487 | -88.4% |
| Plant, machinery and equipment | 23 | €1,682 | €194 | -€1,487 | -88.4% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €774,060 | €954,186 | +€180,126 | +23.3% |
| Amounts receivable within one year | 40/41 | €259,470 | €259,184 | -€286 | -0.1% |
| Trade receivables | 40 | €12,684 | €129,157 | +€116,473 | +918.2% |
| Other amounts receivable | 41 | €246,785 | €130,026 | -€116,759 | -47.3% |
| Cash at bank and in hand | 54/58 | €480,209 | €629,005 | +€148,796 | +31.0% |
| Deferred charges and accrued income | 490/1 | €34,381 | €65,997 | +€31,616 | +92.0% |
| Total equity and liabilities | 10/49 | €1,453,621 | €1,463,432 | +€9,811 | +0.7% |
| Equity | 10/15 | €641,971 | €523,334 | -€118,637 | -18.5% |
| Contributions | 10/11 | €1,373,322 | €1,373,322 | = | 0.0% |
| Capital | 10 | €351,787 | €351,787 | = | 0.0% |
| Issued capital | 100 | €351,787 | €351,787 | = | 0.0% |
| Contributions outside capital | 11 | €1,021,534 | €1,021,534 | = | 0.0% |
| Share premium | 1100/10 | €1,021,534 | €1,021,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€957,490 | -€1,047,499 | -€90,009 | -9.4% |
| Investment grants | 15 | €226,139 | €197,511 | -€28,628 | -12.7% |
| Amounts payable | 17/49 | €811,651 | €940,098 | +€128,448 | +15.8% |
| Amounts payable after more than one year | 17 | €193,402 | €117,850 | -€75,552 | -39.1% |
| Financial debts | 170/4 | €193,402 | €117,850 | -€75,552 | -39.1% |
| Amounts payable within one year | 42/48 | €495,156 | €571,125 | +€75,969 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €153,666 | €161,889 | +€8,223 | +5.4% |
| Trade debts | 44 | €54,370 | €105,462 | +€51,092 | +94.0% |
| Suppliers | 440/4 | €54,370 | €105,462 | +€51,092 | +94.0% |
| Taxes, remuneration and social security | 45 | €282,184 | €244,115 | -€38,069 | -13.5% |
| Taxes | 450/3 | €120,995 | €126,758 | +€5,764 | +4.8% |
| Remuneration and social security | 454/9 | €161,189 | €117,357 | -€43,832 | -27.2% |
| Other amounts payable | 47/48 | €4,936 | €59,659 | +€54,723 | +1108.7% |
| Accrued charges and deferred income | 492/3 | €123,093 | €251,124 | +€128,031 | +104.0% |
| Remuneration, social security and pensions | 62 | €983,622 | €715,833 | -€267,789 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491,766 | €443,644 | -€48,122 | -9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €900 | - | -€900 | |
| Other operating charges | 640/8 | €333 | €35,489 | +€35,157 | +10570.8% |
| Gross operating margin | 9900 | €1,371,935 | €1,142,700 | -€229,235 | -16.7% |
| Operating profit (loss) | 9901 | -€104,685 | -€52,265 | +€52,420 | +50.1% |
| Financial income | 75/76B | €46,386 | €36,522 | -€9,863 | -21.3% |
| Recurring financial income | 75 | €45,807 | €36,337 | -€9,471 | -20.7% |
| Non-recurring financial income | 76B | €578 | €185 | -€393 | -68.0% |
| Financial charges | 65/66B | €99,127 | €74,266 | -€24,861 | -25.1% |
| Recurring financial charges | 65 | €98,996 | €74,134 | -€24,862 | -25.1% |
| Non-recurring financial charges | 66B | €131 | €132 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€157,426 | -€90,009 | +€67,417 | +42.8% |
| Profit (loss) for the period | 9904 | -€157,426 | -€90,009 | +€67,417 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€157,426 | -€90,009 | +€67,417 | +42.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.