RINGLING: 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.
RINGLING
Largest movements
- Cash +€114,461
up €114,461 (+9,158%), from €1,250 to €115,711
mainly Other debts (+€90,906) and Receivables within one year (+€80,549)
- Receivables within one year -€80,549
down €80,549 (-49.8%), from €161,790 to €81,242
of which Other amounts receivable: -€47,061
- Tangible fixed assets -€8,789
down €8,789 (-5.6%), from €155,624 to €146,835
of which Land and buildings: -€7,370
- Other debts +€90,906
new in 2025: €90,906
- Profit (loss) carried forward -€44,983
down €44,983 (-28.1%), from €160,187 to €115,204
- Trade debts -€20,025
down €20,025 (-69.4%), from €28,849 to €8,824
- Tax, wage and social debts +€9,089
up €9,089 (+30.3%), from €29,960 to €39,049
- Debts after one year -€8,288
down €8,288 (-11.9%), from €69,497 to €61,209
- Gross operating margin -€7,693
down €7,693 (-8.8%), from €87,095 to €79,403
- Taxes -€1,944
down €1,944 (-12.3%), from €15,816 to €13,872
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 | €321,340 | €343,885 | +€22,545 | +7.0% |
| Fixed assets | 21/28 | €155,624 | €146,835 | -€8,789 | -5.6% |
| Tangible fixed assets | 22/27 | €155,624 | €146,835 | -€8,789 | -5.6% |
| Land and buildings | 22 | €134,923 | €127,553 | -€7,370 | -5.5% |
| Plant, machinery and equipment | 23 | €3,004 | €3,004 | +€0 | 0.0% |
| Furniture and vehicles | 24 | €17,696 | €16,277 | -€1,419 | -8.0% |
| Current assets | 29/58 | €165,717 | €197,050 | +€31,334 | +18.9% |
| Amounts receivable within one year | 40/41 | €161,790 | €81,242 | -€80,549 | -49.8% |
| Trade receivables | 40 | €37,459 | €3,972 | -€33,487 | -89.4% |
| Other amounts receivable | 41 | €124,331 | €77,270 | -€47,061 | -37.9% |
| Cash at bank and in hand | 54/58 | €1,250 | €115,711 | +€114,461 | +9,158% |
| Deferred charges and accrued income | 490/1 | €2,676 | €98 | -€2,579 | -96.4% |
| Total equity and liabilities | 10/49 | €321,340 | €343,885 | +€22,545 | +7.0% |
| Equity | 10/15 | €180,592 | €135,609 | -€44,983 | -24.9% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,187 | €115,204 | -€44,983 | -28.1% |
| Amounts payable | 17/49 | €140,748 | €208,276 | +€67,528 | +48.0% |
| Amounts payable after more than one year | 17 | €69,497 | €61,209 | -€8,288 | -11.9% |
| Financial debts | 170/4 | €69,497 | €61,209 | -€8,288 | -11.9% |
| Amounts payable within one year | 42/48 | €71,251 | €147,067 | +€75,816 | +106% |
| Current portion of amounts payable after more than one year | 42 | €8,870 | €8,288 | -€582 | -6.6% |
| Financial debts | 43 | €3,572 | - | -€3,572 | |
| Credit institutions | 430/8 | €3,572 | - | -€3,572 | |
| Trade debts | 44 | €28,849 | €8,824 | -€20,025 | -69.4% |
| Suppliers | 440/4 | €28,849 | €8,824 | -€20,025 | -69.4% |
| Taxes, remuneration and social security | 45 | €29,960 | €39,049 | +€9,089 | +30.3% |
| Taxes | 450/3 | €29,960 | €39,049 | +€9,089 | +30.3% |
| Other amounts payable | 47/48 | - | €90,906 | +€90,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,902 | €14,140 | +€238 | +1.7% |
| Other operating charges | 640/8 | €677 | €1,386 | +€709 | +105% |
| Non-recurring operating charges | 66A | €1,325 | €160 | -€1,165 | -87.9% |
| Gross operating margin | 9900 | €87,095 | €79,403 | -€7,693 | -8.8% |
| Operating profit (loss) | 9901 | €71,190 | €63,716 | -€7,474 | -10.5% |
| Financial income | 75/76B | €47 | €15 | -€32 | -68.5% |
| Recurring financial income | 75 | €47 | €15 | -€32 | -68.5% |
| Financial charges | 65/66B | €4,604 | €3,936 | -€668 | -14.5% |
| Recurring financial charges | 65 | €4,604 | €3,936 | -€668 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €66,633 | €59,795 | -€6,839 | -10.3% |
| Income taxes | 67/77 | €15,816 | €13,872 | -€1,944 | -12.3% |
| Profit (loss) for the period | 9904 | €50,818 | €45,923 | -€4,895 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,818 | €45,923 | -€4,895 | -9.6% |
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 21 October 2026 via checked.be.