RINGCOAST: 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.
RINGCOAST
Largest movements
- Tangible fixed assets -€1.0m
down €1.0m (-14.0%), from €7.4m to €6.4m
- Receivables after one year -€450,000
no longer reported in 2025 (was €450,000)
- Receivables within one year -€405,290
down €405,290 (-47.7%), from €848,950 to €443,659
of which Other amounts receivable: -€465,290
- Cash -€134,532
down €134,532 (-16.3%), from €823,517 to €688,985
mainly Other debts (-€2.3m) and Debts after one year (-€360,343)
- Other debts -€2.3m
down €2.3m (-68.7%), from €3.3m to €1.0m
- Current portion of long-term debt +€702,838
up €702,838 (+197%), from €357,505 to €1.1m
- Debts after one year -€360,343
down €360,343 (-5.5%), from €6.5m to €6.2m
of which Financial debts: -€360,343
- Gross operating margin +€177,473
up €177,473 (+17.9%), from €993,494 to €1.2m
- Financial income -€36,000
no longer reported in 2025 (was €36,000)
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 | €9,517,466 | €7,492,644 | -€2.0m | -21.3% |
| Fixed assets | 21/28 | €7,395,000 | €6,360,000 | -€1.0m | -14.0% |
| Tangible fixed assets | 22/27 | €7,395,000 | €6,360,000 | -€1.0m | -14.0% |
| Furniture and vehicles | 24 | €7,395,000 | €6,360,000 | -€1.0m | -14.0% |
| Current assets | 29/58 | €2,122,466 | €1,132,644 | -€989,822 | -46.6% |
| Amounts receivable after more than one year | 29 | €450,000 | - | -€450,000 | |
| Other amounts receivable | 291 | €450,000 | - | -€450,000 | |
| Amounts receivable within one year | 40/41 | €848,950 | €443,659 | -€405,290 | -47.7% |
| Trade receivables | 40 | €300,000 | €360,000 | +€60,000 | +20.0% |
| Other amounts receivable | 41 | €548,950 | €83,659 | -€465,290 | -84.8% |
| Cash at bank and in hand | 54/58 | €823,517 | €688,985 | -€134,532 | -16.3% |
| Total equity and liabilities | 10/49 | €9,517,466 | €7,492,644 | -€2.0m | -21.3% |
| Equity | 10/15 | -€920,485 | -€904,555 | +€15,930 | +1.7% |
| Contributions | 10/11 | €744,000 | €744,000 | = | 0.0% |
| Reserves | 13 | €136,426 | €98,129 | -€38,297 | -28.1% |
| Non-distributable reserves | 130/1 | €27,693 | €27,693 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,693 | €27,693 | = | 0.0% |
| Tax-exempt reserves | 132 | €108,734 | €70,437 | -€38,297 | -35.2% |
| Profit (loss) carried forward | 14 | -€1,800,911 | -€1,746,684 | +€54,226 | +3.0% |
| Provisions and deferred taxes | 16 | €45,674 | €29,587 | -€16,087 | -35.2% |
| Deferred taxes | 168 | €45,674 | €29,587 | -€16,087 | -35.2% |
| Amounts payable | 17/49 | €10,392,277 | €8,367,612 | -€2.0m | -19.5% |
| Amounts payable after more than one year | 17 | €6,525,197 | €6,164,853 | -€360,343 | -5.5% |
| Financial debts | 170/4 | €4,448,747 | €4,088,403 | -€360,343 | -8.1% |
| Other amounts payable | 178/9 | €2,076,450 | €2,076,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,867,081 | €2,202,759 | -€1.7m | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €357,505 | €1,060,343 | +€702,838 | +197% |
| Trade debts | 44 | €195,133 | €106,436 | -€88,697 | -45.5% |
| Suppliers | 440/4 | €195,133 | €106,436 | -€88,697 | -45.5% |
| Other amounts payable | 47/48 | €3,314,442 | €1,035,980 | -€2.3m | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,031,680 | €1,035,000 | +€3,320 | +0.3% |
| Other operating charges | 640/8 | €1,101 | €1,340 | +€240 | +21.8% |
| Gross operating margin | 9900 | €993,494 | €1,170,968 | +€177,473 | +17.9% |
| Operating profit (loss) | 9901 | -€39,286 | €134,628 | +€173,914 | |
| Financial income | 75/76B | €36,000 | - | -€36,000 | |
| Recurring financial income | 75 | €36,000 | - | -€36,000 | |
| Financial charges | 65/66B | €143,947 | €134,785 | -€9,162 | -6.4% |
| Recurring financial charges | 65 | €143,947 | €134,785 | -€9,162 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€147,233 | -€157 | +€147,076 | +99.9% |
| Transfer from deferred taxes | 780 | €16,087 | €16,087 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€131,147 | €15,930 | +€147,076 | |
| Transfer from tax-exempt reserves | 789 | €38,297 | €38,297 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,850 | €54,226 | +€147,076 |
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 20 October 2026 via checked.be.