RINGLING: what changed
What changed
RINGLING
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€45,923
2024 · €50,818-€4,895
Equity
€135,609
2024 · €180,592-€44,983
Cash
€115,711
2024 · €1,250+€114,461
Balance sheet total
€343,885
2024 · €321,340+€22,545
Largest movements
Assets
- 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
Equity and liabilities
- 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
Income statement
- 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
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€50,818
Gross operating margin
-€7,693
Depreciation
-€238
Other operating charges
-€709
Other operating items
+€1,165
Financial income
-€32
Financial charges
+€668
Taxes
+€1,944
Result 2025
€45,923
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€223,160
Investment
-€5,351
Financing
-€103,348
Cash 2024
€1,250
From operations (derived)
+€223,160
Net result for the year
+€45,923
Depreciation
+€14,140
Receivables within one year
+€80,549
Deferred charges and accrued income
+€2,579
Trade debts
-€20,025
Tax, wage and social debts
+€9,089
Other debts
+€90,906
Investment (derived)
-€5,351
Investment in fixed assets (net)
-€5,351
Financing
-€103,348
Debts after one year
-€8,288
Current portion of long-term debt
-€582
Short-term financial debts
-€3,572
Contributions, distributions and other
-€90,906
Cash 2025
€115,711
brings cash intakes cash out
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% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.