RINGINVEST: 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.
RINGINVEST
Largest movements
- Receivables after one year -€650,000
down €650,000 (-23.8%), from €2.7m to €2.1m
- Cash +€581,376
up €581,376 (+155%), from €374,312 to €955,687
mainly Receivables after one year (+€650,000) and Receivables within one year (+€314,354)
- Receivables within one year -€314,354
down €314,354 (-96.3%), from €326,354 to €12,000
of which Other amounts receivable: -€308,514
- Tangible fixed assets +€260,522
up €260,522 (+26.1%), from €999,062 to €1.3m
- Profit (loss) carried forward -€90,835
down €90,835, from €62,479 to -€28,356
- Gross operating margin -€40,398
down €40,398 (-235%), from -€17,169 to -€57,567
- Financial income +€22,750
new in 2025: €22,750
- Financial charges +€7,467
up €7,467 (+64.5%), from €11,577 to €19,044
- Depreciation -€4,538
down €4,538 (-13.3%), from €34,005 to €29,467
- Taxes -€2,586
no longer reported in 2025 (was €2,586)
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 | €4,433,857 | €4,311,401 | -€122,456 | -2.8% |
| Fixed assets | 21/28 | €1,006,742 | €1,267,264 | +€260,522 | +25.9% |
| Tangible fixed assets | 22/27 | €999,062 | €1,259,584 | +€260,522 | +26.1% |
| Land and buildings | 22 | €999,062 | €1,259,584 | +€260,522 | +26.1% |
| Financial fixed assets | 28 | €7,680 | €7,680 | = | 0.0% |
| Current assets | 29/58 | €3,427,116 | €3,044,137 | -€382,978 | -11.2% |
| Amounts receivable after more than one year | 29 | €2,726,450 | €2,076,450 | -€650,000 | -23.8% |
| Other amounts receivable | 291 | €2,726,450 | €2,076,450 | -€650,000 | -23.8% |
| Amounts receivable within one year | 40/41 | €326,354 | €12,000 | -€314,354 | -96.3% |
| Trade receivables | 40 | €5,840 | - | -€5,840 | |
| Other amounts receivable | 41 | €320,514 | €12,000 | -€308,514 | -96.3% |
| Cash at bank and in hand | 54/58 | €374,312 | €955,687 | +€581,376 | +155% |
| Total equity and liabilities | 10/49 | €4,433,857 | €4,311,401 | -€122,456 | -2.8% |
| Equity | 10/15 | €3,060,947 | €2,970,112 | -€90,835 | -3.0% |
| Contributions | 10/11 | €1,594,000 | €1,594,000 | = | 0.0% |
| Reserves | 13 | €1,404,468 | €1,404,468 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €85,000 | €85,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,319,468 | €1,319,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,479 | -€28,356 | -€90,835 | |
| Provisions and deferred taxes | 16 | €439,823 | €439,823 | = | 0.0% |
| Deferred taxes | 168 | €439,823 | €439,823 | = | 0.0% |
| Amounts payable | 17/49 | €933,088 | €901,467 | -€31,621 | -3.4% |
| Amounts payable after more than one year | 17 | €897,082 | €880,695 | -€16,387 | -1.8% |
| Financial debts | 170/4 | €897,082 | €880,695 | -€16,387 | -1.8% |
| Amounts payable within one year | 42/48 | €36,006 | €20,772 | -€15,234 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €17,219 | €17,882 | +€663 | +3.8% |
| Trade debts | 44 | €18,787 | €2,890 | -€15,896 | -84.6% |
| Suppliers | 440/4 | €18,787 | €2,890 | -€15,896 | -84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,005 | €29,467 | -€4,538 | -13.3% |
| Other operating charges | 640/8 | €7,345 | €7,507 | +€162 | +2.2% |
| Gross operating margin | 9900 | -€17,169 | -€57,567 | -€40,398 | -235% |
| Operating profit (loss) | 9901 | -€58,520 | -€94,542 | -€36,022 | -61.6% |
| Financial income | 75/76B | - | €22,750 | +€22,750 | |
| Recurring financial income | 75 | - | €22,750 | +€22,750 | |
| Financial charges | 65/66B | €11,577 | €19,044 | +€7,467 | +64.5% |
| Recurring financial charges | 65 | €11,577 | €19,044 | +€7,467 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | -€70,097 | -€90,835 | -€20,739 | -29.6% |
| Income taxes | 67/77 | €2,586 | - | -€2,586 | |
| Profit (loss) for the period | 9904 | -€72,683 | -€90,835 | -€18,152 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,683 | -€90,835 | -€18,152 | -25.0% |
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 1 November 2026 via checked.be.