ARISE: 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.
ARISE
Largest movements
- Tangible fixed assets +€388,229
up €388,229 (+218.3%), from €177,837 to €566,065
of which Land and buildings: +€377,833
- Cash -€147,071
down €147,071 (-52.4%), from €280,802 to €133,731
mainly Investment in fixed assets (net) (-€444,432) and Net result for the year (-€62,611)
- Receivables within one year -€51,913
down €51,913 (-29.3%), from €177,178 to €125,264
of which Other amounts receivable: -€100,786
- Debts after one year +€157,061
new in 2024: €157,061
- Profit (loss) carried forward -€60,751
new in 2024: -€60,751
- Other debts +€51,312
new in 2024: €51,312
- Trade debts +€47,383
up €47,383 (+163.2%), from €29,025 to €76,409
- Tax, wage and social debts -€15,424
down €15,424 (-70.9%), from €21,743 to €6,318
- Gross operating margin -€88,223
down €88,223 (-89.5%), from €98,565 to €10,342
- Depreciation +€23,995
up €23,995 (+74.5%), from €32,209 to €56,204
- Taxes -€19,202
down €19,202 (-87.6%), from €21,921 to €2,719
- Other operating charges -€4,272
down €4,272 (-45.7%), from €9,346 to €5,074
- Financial charges +€3,903
up €3,903 (+72.8%), from €5,362 to €9,265
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 | €647,663 | €834,099 | +€186,436 | +28.8% |
| Fixed assets | 21/28 | €185,131 | €573,360 | +€388,229 | +209.7% |
| Tangible fixed assets | 22/27 | €177,837 | €566,065 | +€388,229 | +218.3% |
| Land and buildings | 22 | - | €377,833 | +€377,833 | |
| Plant, machinery and equipment | 23 | €20,878 | €17,315 | -€3,563 | -17.1% |
| Furniture and vehicles | 24 | €12,657 | €47,956 | +€35,299 | +278.9% |
| Other tangible fixed assets | 26 | €144,301 | €122,961 | -€21,341 | -14.8% |
| Financial fixed assets | 28 | €7,295 | €7,295 | = | 0.0% |
| Current assets | 29/58 | €462,532 | €260,739 | -€201,793 | -43.6% |
| Amounts receivable within one year | 40/41 | €177,178 | €125,264 | -€51,913 | -29.3% |
| Trade receivables | 40 | €48,309 | €97,182 | +€48,873 | +101.2% |
| Other amounts receivable | 41 | €128,868 | €28,082 | -€100,786 | -78.2% |
| Cash at bank and in hand | 54/58 | €280,802 | €133,731 | -€147,071 | -52.4% |
| Deferred charges and accrued income | 490/1 | €4,552 | €1,743 | -€2,809 | -61.7% |
| Total equity and liabilities | 10/49 | €647,663 | €834,099 | +€186,436 | +28.8% |
| Equity | 10/15 | €596,895 | €534,284 | -€62,611 | -10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €590,695 | €588,835 | -€1,860 | -0.3% |
| Tax-exempt reserves | 132 | €159 | €159 | = | 0.0% |
| Distributable reserves | 133 | €590,536 | €588,676 | -€1,860 | -0.3% |
| Profit (loss) carried forward | 14 | - | -€60,751 | -€60,751 | |
| Amounts payable | 17/49 | €50,768 | €299,814 | +€249,047 | +490.6% |
| Amounts payable after more than one year | 17 | - | €157,061 | +€157,061 | |
| Financial debts | 170/4 | - | €157,061 | +€157,061 | |
| Amounts payable within one year | 42/48 | €50,768 | €142,753 | +€91,985 | +181.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,714 | +€8,714 | |
| Trade debts | 44 | €29,025 | €76,409 | +€47,383 | +163.2% |
| Suppliers | 440/4 | €29,025 | €76,409 | +€47,383 | +163.2% |
| Taxes, remuneration and social security | 45 | €21,743 | €6,318 | -€15,424 | -70.9% |
| Taxes | 450/3 | €21,743 | €6,318 | -€15,424 | -70.9% |
| Other amounts payable | 47/48 | - | €51,312 | +€51,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,209 | €56,204 | +€23,995 | +74.5% |
| Other operating charges | 640/8 | €9,346 | €5,074 | -€4,272 | -45.7% |
| Non-recurring operating charges | 66A | - | €363 | +€363 | |
| Gross operating margin | 9900 | €98,565 | €10,342 | -€88,223 | -89.5% |
| Operating profit (loss) | 9901 | €57,011 | -€51,299 | -€108,310 | |
| Financial income | 75/76B | €2,147 | €672 | -€1,474 | -68.7% |
| Recurring financial income | 75 | €2,147 | €672 | -€1,474 | -68.7% |
| Financial charges | 65/66B | €5,362 | €9,265 | +€3,903 | +72.8% |
| Recurring financial charges | 65 | €5,362 | €9,265 | +€3,903 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €53,795 | -€59,892 | -€113,687 | |
| Income taxes | 67/77 | €21,921 | €2,719 | -€19,202 | -87.6% |
| Profit (loss) for the period | 9904 | €31,874 | -€62,611 | -€94,485 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,874 | -€62,611 | -€94,485 |
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 9 October 2026 via checked.be.