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 +€40,809
up €40,809 (+149.4%), from €27,319 to €68,128
- Cash -€33,490
down €33,490 (-80.3%), from €41,681 to €8,191
mainly Net result for the year (-€43,533) and Receivables within one year (-€40,809)
- Tangible fixed assets -€4,180
down €4,180 (-65.6%), from €6,373 to €2,193
- Stocks and contracts +€2,941
up €2,941 (+23.2%), from €12,661 to €15,602
- Tax, wage and social debts +€52,354
up €52,354 (+73.4%), from €71,323 to €123,676
of which Taxes: +€43,699
- Profit (loss) carried forward -€43,533
down €43,533 (-91.5%), from -€47,563 to -€91,096
- Accrued charges and deferred income +€7,564
up €7,564 (+302.6%), from €2,500 to €10,064
- Trade debts -€5,723
down €5,723 (-10.9%), from €52,630 to €46,907
- Short-term financial debts -€4,866
no longer reported in 2024 (was €4,866)
- Staff costs -€24,081
down €24,081 (-21.5%), from €112,235 to €88,154
- Gross operating margin -€19,919
down €19,919 (-21.3%), from €93,564 to €73,645
- Other operating charges +€6,533
up €6,533 (+74.3%), from €8,790 to €15,323
- Financial charges +€3,800
up €3,800 (+46.7%), from €8,142 to €11,943
- Financial income +€2,078
up €2,078 (+330.5%), from €629 to €2,707
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 | €88,756 | €94,551 | +€5,795 | +6.5% |
| Formation expenses | 20 | €722 | €437 | -€285 | -39.5% |
| Fixed assets | 21/28 | €6,373 | €2,193 | -€4,180 | -65.6% |
| Tangible fixed assets | 22/27 | €6,373 | €2,193 | -€4,180 | -65.6% |
| Plant, machinery and equipment | 23 | €6,373 | €2,193 | -€4,180 | -65.6% |
| Current assets | 29/58 | €81,660 | €91,921 | +€10,260 | +12.6% |
| Stocks and contracts in progress | 3 | €12,661 | €15,602 | +€2,941 | +23.2% |
| Stocks | 30/36 | €12,661 | €15,602 | +€2,941 | +23.2% |
| Amounts receivable within one year | 40/41 | €27,319 | €68,128 | +€40,809 | +149.4% |
| Other amounts receivable | 41 | €27,319 | €68,128 | +€40,809 | +149.4% |
| Cash at bank and in hand | 54/58 | €41,681 | €8,191 | -€33,490 | -80.3% |
| Total equity and liabilities | 10/49 | €88,756 | €94,551 | +€5,795 | +6.5% |
| Equity | 10/15 | -€42,563 | -€86,096 | -€43,533 | -102.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,563 | -€91,096 | -€43,533 | -91.5% |
| Amounts payable | 17/49 | €131,319 | €180,647 | +€49,328 | +37.6% |
| Amounts payable within one year | 42/48 | €128,819 | €170,583 | +€41,764 | +32.4% |
| Financial debts | 43 | €4,866 | - | -€4,866 | |
| Credit institutions | 430/8 | €4,866 | - | -€4,866 | |
| Trade debts | 44 | €52,630 | €46,907 | -€5,723 | -10.9% |
| Suppliers | 440/4 | €52,630 | €46,907 | -€5,723 | -10.9% |
| Taxes, remuneration and social security | 45 | €71,323 | €123,676 | +€52,354 | +73.4% |
| Taxes | 450/3 | €33,527 | €77,225 | +€43,699 | +130.3% |
| Remuneration and social security | 454/9 | €37,796 | €46,451 | +€8,655 | +22.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | €10,064 | +€7,564 | +302.6% |
| Remuneration, social security and pensions | 62 | €112,235 | €88,154 | -€24,081 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,710 | €4,465 | -€245 | -5.2% |
| Other operating charges | 640/8 | €8,790 | €15,323 | +€6,533 | +74.3% |
| Gross operating margin | 9900 | €93,564 | €73,645 | -€19,919 | -21.3% |
| Operating profit (loss) | 9901 | -€32,172 | -€34,298 | -€2,126 | -6.6% |
| Financial income | 75/76B | €629 | €2,707 | +€2,078 | +330.5% |
| Recurring financial income | 75 | €629 | €2,707 | +€2,078 | +330.5% |
| Financial charges | 65/66B | €8,142 | €11,943 | +€3,800 | +46.7% |
| Recurring financial charges | 65 | €8,142 | €11,943 | +€3,800 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | -€39,685 | -€43,533 | -€3,848 | -9.7% |
| Profit (loss) for the period | 9904 | -€39,685 | -€43,533 | -€3,848 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,685 | -€43,533 | -€3,848 | -9.7% |
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 11 October 2026 via checked.be.