RINGWOOD CONSULT: 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.
RINGWOOD CONSULT
Largest movements
- Cash +€198,341
up €198,341 (+247%), from €80,267 to €278,608
mainly Current investments (+€150,000) and Depreciation (+€97,655)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets -€97,655
down €97,655 (-2.5%), from €3.9m to €3.8m
- Debts after one year -€150,000
down €150,000 (-3.9%), from €3.8m to €3.7m
of which Financial debts: -€150,000
- Reserves +€56,600
new in 2025: €56,600
- Taxes +€27,670
new in 2025: €27,670
- Gross operating margin +€17,848
up €17,848 (+7.4%), from €242,089 to €259,937
- Other operating charges +€10,754
up €10,754 (+65.6%), from €16,388 to €27,142
- Financial charges -€2,929
down €2,929 (-7.3%), from €40,261 to €37,332
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 | €4,161,186 | €4,104,196 | -€56,990 | -1.4% |
| Fixed assets | 21/28 | €3,902,920 | €3,805,265 | -€97,655 | -2.5% |
| Tangible fixed assets | 22/27 | €3,902,920 | €3,805,265 | -€97,655 | -2.5% |
| Land and buildings | 22 | €3,902,920 | €3,805,265 | -€97,655 | -2.5% |
| Current assets | 29/58 | €258,266 | €298,931 | +€40,665 | +15.7% |
| Amounts receivable within one year | 40/41 | €27,999 | €20,323 | -€7,676 | -27.4% |
| Trade receivables | 40 | €16,320 | €605 | -€15,716 | -96.3% |
| Other amounts receivable | 41 | €11,678 | €19,718 | +€8,040 | +68.8% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €80,267 | €278,608 | +€198,341 | +247% |
| Total equity and liabilities | 10/49 | €4,161,186 | €4,104,196 | -€56,990 | -1.4% |
| Equity | 10/15 | €3,763 | €75,289 | +€71,526 | +1,901% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | - | €56,600 | +€56,600 | |
| Distributable reserves | 133 | - | €56,600 | +€56,600 | |
| Profit (loss) carried forward | 14 | -€14,829 | €97 | +€14,926 | |
| Amounts payable | 17/49 | €4,157,423 | €4,028,907 | -€128,516 | -3.1% |
| Amounts payable after more than one year | 17 | €3,827,795 | €3,677,795 | -€150,000 | -3.9% |
| Financial debts | 170/4 | €1,947,500 | €1,797,500 | -€150,000 | -7.7% |
| Other amounts payable | 178/9 | €1,880,295 | €1,880,295 | = | 0.0% |
| Amounts payable within one year | 42/48 | €329,462 | €351,045 | +€21,583 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €707 | €16,127 | +€15,420 | +2,181% |
| Suppliers | 440/4 | €707 | €16,127 | +€15,420 | +2,181% |
| Taxes, remuneration and social security | 45 | €11,922 | €18,085 | +€6,162 | +51.7% |
| Taxes | 450/3 | €11,922 | €18,085 | +€6,162 | +51.7% |
| Other amounts payable | 47/48 | €166,833 | €166,833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €166 | €67 | -€99 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,655 | €97,655 | = | 0.0% |
| Other operating charges | 640/8 | €16,388 | €27,142 | +€10,754 | +65.6% |
| Gross operating margin | 9900 | €242,089 | €259,937 | +€17,848 | +7.4% |
| Operating profit (loss) | 9901 | €128,045 | €135,139 | +€7,094 | +5.5% |
| Financial income | 75/76B | - | €1,388 | +€1,388 | |
| Recurring financial income | 75 | - | €1,388 | +€1,388 | |
| Financial charges | 65/66B | €40,261 | €37,332 | -€2,929 | -7.3% |
| Recurring financial charges | 65 | €40,261 | €37,332 | -€2,929 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €87,784 | €99,196 | +€11,412 | +13.0% |
| Income taxes | 67/77 | - | €27,670 | +€27,670 | |
| Profit (loss) for the period | 9904 | €87,784 | €71,526 | -€16,258 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,784 | €71,526 | -€16,258 | -18.5% |
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 24 October 2026 via checked.be.