RINGZ & THINGZ: 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.
RINGZ & THINGZ
Largest movements
- Cash +€36,337
up €36,337 (+23.4%), from €155,569 to €191,906
mainly Depreciation (+€19,084) and Tax, wage and social debts (+€10,006)
- Tangible fixed assets -€17,784
down €17,784 (-35.8%), from €49,732 to €31,947
of which Furniture and vehicles: -€10,720
- Tax, wage and social debts +€10,006
up €10,006 (+36.2%), from €27,633 to €37,640
of which Remuneration and social security: +€5,374
- Reserves +€9,623
up €9,623 (+5.9%), from €164,483 to €174,106
- Gross operating margin -€26,567
down €26,567 (-19.9%), from €133,511 to €106,944
- Staff costs +€12,370
up €12,370 (+23.0%), from €53,793 to €66,163
- Taxes -€8,068
down €8,068 (-62.9%), from €12,829 to €4,761
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 | €232,641 | €253,320 | +€20,679 | +8.9% |
| Fixed assets | 21/28 | €52,186 | €34,401 | -€17,784 | -34.1% |
| Tangible fixed assets | 22/27 | €49,732 | €31,947 | -€17,784 | -35.8% |
| Plant, machinery and equipment | 23 | €13,906 | €8,831 | -€5,075 | -36.5% |
| Furniture and vehicles | 24 | €26,270 | €15,550 | -€10,720 | -40.8% |
| Leasing and similar rights | 25 | €8,038 | €6,278 | -€1,761 | -21.9% |
| Other tangible fixed assets | 26 | €1,517 | €1,289 | -€229 | -15.1% |
| Financial fixed assets | 28 | €2,454 | €2,454 | = | 0.0% |
| Current assets | 29/58 | €180,456 | €218,919 | +€38,463 | +21.3% |
| Stocks and contracts in progress | 3 | €22,870 | €23,970 | +€1,100 | +4.8% |
| Stocks | 30/36 | €22,870 | €23,970 | +€1,100 | +4.8% |
| Amounts receivable within one year | 40/41 | €1,556 | €2,539 | +€982 | +63.1% |
| Trade receivables | 40 | €1,476 | €1,059 | -€417 | -28.3% |
| Other amounts receivable | 41 | €80 | €1,480 | +€1,400 | +1,753% |
| Cash at bank and in hand | 54/58 | €155,569 | €191,906 | +€36,337 | +23.4% |
| Deferred charges and accrued income | 490/1 | €460 | €504 | +€44 | +9.6% |
| Total equity and liabilities | 10/49 | €232,641 | €253,320 | +€20,679 | +8.9% |
| Equity | 10/15 | €183,083 | €192,706 | +€9,623 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,483 | €174,106 | +€9,623 | +5.9% |
| Distributable reserves | 133 | €164,483 | €174,106 | +€9,623 | +5.9% |
| Amounts payable | 17/49 | €49,558 | €60,614 | +€11,056 | +22.3% |
| Amounts payable after more than one year | 17 | €16,054 | €15,430 | -€624 | -3.9% |
| Financial debts | 170/4 | €6,803 | €5,150 | -€1,653 | -24.3% |
| Other amounts payable | 178/9 | €9,251 | €10,279 | +€1,029 | +11.1% |
| Amounts payable within one year | 42/48 | €33,131 | €44,747 | +€11,616 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €2,372 | €1,653 | -€719 | -30.3% |
| Financial debts | 43 | €138 | €112 | -€26 | -18.9% |
| Credit institutions | 430/8 | €138 | €112 | -€26 | -18.9% |
| Trade debts | 44 | €2,988 | €5,343 | +€2,355 | +78.8% |
| Suppliers | 440/4 | €2,988 | €5,343 | +€2,355 | +78.8% |
| Taxes, remuneration and social security | 45 | €27,633 | €37,640 | +€10,006 | +36.2% |
| Taxes | 450/3 | €17,967 | €22,600 | +€4,633 | +25.8% |
| Remuneration and social security | 454/9 | €9,666 | €15,039 | +€5,374 | +55.6% |
| Accrued charges and deferred income | 492/3 | €373 | €438 | +€64 | +17.2% |
| Non-recurring operating income | 76A | €2,314 | - | -€2,314 | |
| Remuneration, social security and pensions | 62 | €53,793 | €66,163 | +€12,370 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,888 | €19,084 | +€1,196 | +6.7% |
| Other operating charges | 640/8 | €1,747 | €2,669 | +€922 | +52.8% |
| Gross operating margin | 9900 | €133,511 | €106,944 | -€26,567 | -19.9% |
| Operating profit (loss) | 9901 | €60,083 | €19,027 | -€41,055 | -68.3% |
| Financial income | 75/76B | €1,159 | €1,310 | +€151 | +13.0% |
| Recurring financial income | 75 | €1,159 | €1,310 | +€151 | +13.0% |
| Financial charges | 65/66B | €5,224 | €5,953 | +€730 | +14.0% |
| Recurring financial charges | 65 | €5,224 | €5,953 | +€730 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €56,018 | €14,384 | -€41,634 | -74.3% |
| Income taxes | 67/77 | €12,829 | €4,761 | -€8,068 | -62.9% |
| Profit (loss) for the period | 9904 | €43,189 | €9,623 | -€33,566 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,189 | €9,623 | -€33,566 | -77.7% |
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 28 October 2026 via checked.be.