RINGO: 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.
RINGO
Largest movements
- Receivables within one year -€35,654
down €35,654 (-76.5%), from €46,601 to €10,947
of which Trade receivables: -€24,634
- Stocks and contracts -€2,050
down €2,050 (-17.0%), from €12,067 to €10,018
- Tangible fixed assets -€1,496
down €1,496 (-23.5%), from €6,359 to €4,864
of which Land and buildings: -€1,428
- Trade debts -€17,298
down €17,298 (-58.4%), from €29,632 to €12,334
- Tax, wage and social debts -€16,043
down €16,043 (-82.3%), from €19,491 to €3,448
- Short-term financial debts -€5,975
down €5,975 (-52.0%), from €11,484 to €5,509
- Reserves +€2,555
up €2,555 (+10.4%), from €24,511 to €27,066
of which Distributable reserves: +€2,555
- Current portion of long-term debt -€2,202
down €2,202 (-100%), from €2,202 to €0
- Gross operating margin -€37,227
down €37,227 (-80.3%), from €46,359 to €9,132
- Taxes -€34,936
down €34,936 (-94.0%), from €37,173 to €2,237
- Provisions +€26,148
up €26,148, from -€26,148 to €0
- Write-downs -€8,627
down €8,627 (-99.1%), from €8,709 to €82
- Financial charges +€1,400
up €1,400 (+94.6%), from €1,480 to €2,880
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 | €116,521 | €77,558 | -€38,963 | -33.4% |
| Fixed assets | 21/28 | €7,694 | €6,159 | -€1,536 | -20.0% |
| Intangible fixed assets | 21 | €40 | €0 | -€40 | -100% |
| Tangible fixed assets | 22/27 | €6,359 | €4,864 | -€1,496 | -23.5% |
| Land and buildings | 22 | €1,428 | €0 | -€1,428 | -100% |
| Plant, machinery and equipment | 23 | €4,623 | €3,845 | -€778 | -16.8% |
| Furniture and vehicles | 24 | €308 | €102 | -€206 | -67.0% |
| Other tangible fixed assets | 26 | - | €917 | +€917 | |
| Financial fixed assets | 28 | €1,295 | €1,295 | = | 0.0% |
| Current assets | 29/58 | €108,826 | €71,399 | -€37,427 | -34.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,067 | €10,018 | -€2,050 | -17.0% |
| Stocks | 30/36 | €12,067 | €10,018 | -€2,050 | -17.0% |
| Amounts receivable within one year | 40/41 | €46,601 | €10,947 | -€35,654 | -76.5% |
| Trade receivables | 40 | €24,750 | €116 | -€24,634 | -99.5% |
| Other amounts receivable | 41 | €21,850 | €10,830 | -€11,020 | -50.4% |
| Cash at bank and in hand | 54/58 | €0 | €217 | +€217 | |
| Deferred charges and accrued income | 490/1 | €159 | €218 | +€59 | +37.3% |
| Total equity and liabilities | 10/49 | €116,521 | €77,558 | -€38,963 | -33.4% |
| Equity | 10/15 | €30,711 | €33,266 | +€2,555 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,511 | €27,066 | +€2,555 | +10.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,511 | €27,066 | +€2,555 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €85,810 | €44,292 | -€41,518 | -48.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €85,810 | €44,292 | -€41,518 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €2,202 | €0 | -€2,202 | -100% |
| Financial debts | 43 | €11,484 | €5,509 | -€5,975 | -52.0% |
| Credit institutions | 430/8 | €11,484 | €5,509 | -€5,975 | -52.0% |
| Trade debts | 44 | €29,632 | €12,334 | -€17,298 | -58.4% |
| Suppliers | 440/4 | €29,632 | €12,334 | -€17,298 | -58.4% |
| Taxes, remuneration and social security | 45 | €19,491 | €3,448 | -€16,043 | -82.3% |
| Taxes | 450/3 | €19,491 | €3,448 | -€16,043 | -82.3% |
| Other amounts payable | 47/48 | €23,000 | €23,000 | = | 0.0% |
| Non-recurring operating income | 76A | €9,654 | €0 | -€9,654 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,357 | €2,441 | -€916 | -27.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,709 | €82 | -€8,627 | -99.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€26,148 | €0 | +€26,148 | |
| Other operating charges | 640/8 | €1,826 | €1,178 | -€648 | -35.5% |
| Non-recurring operating charges | 66A | €277 | €0 | -€277 | -100% |
| Gross operating margin | 9900 | €46,359 | €9,132 | -€37,227 | -80.3% |
| Operating profit (loss) | 9901 | €58,338 | €5,431 | -€52,907 | -90.7% |
| Financial income | 75/76B | €1,564 | €2,241 | +€677 | +43.3% |
| Recurring financial income | 75 | €1,564 | €2,241 | +€677 | +43.3% |
| Financial charges | 65/66B | €1,480 | €2,880 | +€1,400 | +94.6% |
| Recurring financial charges | 65 | €1,480 | €2,880 | +€1,400 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €58,421 | €4,792 | -€53,630 | -91.8% |
| Income taxes | 67/77 | €37,173 | €2,237 | -€34,936 | -94.0% |
| Profit (loss) for the period | 9904 | €21,249 | €2,555 | -€18,694 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,249 | €2,555 | -€18,694 | -88.0% |
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 13 October 2026 via checked.be.