HIGHRISE: what changed
HIGHRISE
Largest movements
- Receivables after one year -€70,000
down €70,000 (-32.4%), from €216,000 to €146,000
- Receivables within one year +€63,321
up €63,321 (+204%), from €31,074 to €94,394
of which Other amounts receivable: +€62,500
- Tangible fixed assets -€21,914
down €21,914 (-44.8%), from €48,918 to €27,004
- Cash +€18,932
up €18,932 (+16.3%), from €116,308 to €135,240
mainly Receivables after one year (+€70,000) and Other debts (+€50,869)
- Reserves -€66,323
down €66,323 (-18.6%), from €356,668 to €290,345
- Other debts +€50,869
up €50,869 (+113%), from €45,093 to €95,962
- Tax, wage and social debts +€6,472
up €6,472 (+63.0%), from €10,274 to €16,746
- Depreciation +€5,089
up €5,089 (+30.2%), from €16,825 to €21,914
- Gross operating margin -€2,134
down €2,134 (-3.3%), from €64,847 to €62,714
- Taxes -€878
down €878 (-5.9%), from €14,764 to €13,886
- Financial income -€656
down €656 (-15.1%), from €4,352 to €3,696
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,082 | €403,442 | -€9,641 | -2.3% |
| Fixed assets | 21/28 | €48,918 | €27,004 | -€21,914 | -44.8% |
| Tangible fixed assets | 22/27 | €48,918 | €27,004 | -€21,914 | -44.8% |
| Furniture and vehicles | 24 | €48,918 | €27,004 | -€21,914 | -44.8% |
| Current assets | 29/58 | €364,164 | €376,438 | +€12,273 | +3.4% |
| Amounts receivable after more than one year | 29 | €216,000 | €146,000 | -€70,000 | -32.4% |
| Other amounts receivable | 291 | €216,000 | €146,000 | -€70,000 | -32.4% |
| Amounts receivable within one year | 40/41 | €31,074 | €94,394 | +€63,321 | +204% |
| Trade receivables | 40 | €23,574 | €24,394 | +€821 | +3.5% |
| Other amounts receivable | 41 | €7,500 | €70,000 | +€62,500 | +833% |
| Cash at bank and in hand | 54/58 | €116,308 | €135,240 | +€18,932 | +16.3% |
| Deferred charges and accrued income | 490/1 | €782 | €804 | +€21 | +2.7% |
| Total equity and liabilities | 10/49 | €413,082 | €403,442 | -€9,641 | -2.3% |
| Equity | 10/15 | €356,668 | €290,345 | -€66,323 | -18.6% |
| Reserves | 13 | €356,668 | €290,345 | -€66,323 | -18.6% |
| Distributable reserves | 133 | €356,668 | €290,345 | -€66,323 | -18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,415 | €113,097 | +€56,682 | +100% |
| Amounts payable within one year | 42/48 | €56,415 | €113,097 | +€56,682 | +100% |
| Trade debts | 44 | €1,048 | €389 | -€659 | -62.9% |
| Suppliers | 440/4 | €1,048 | €389 | -€659 | -62.9% |
| Taxes, remuneration and social security | 45 | €10,274 | €16,746 | +€6,472 | +63.0% |
| Taxes | 450/3 | €10,274 | €16,746 | +€6,472 | +63.0% |
| Other amounts payable | 47/48 | €45,093 | €95,962 | +€50,869 | +113% |
| Non-recurring operating income | 76A | €3,306 | €0 | -€3,306 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,825 | €21,914 | +€5,089 | +30.2% |
| Other operating charges | 640/8 | €1,139 | €853 | -€286 | -25.1% |
| Gross operating margin | 9900 | €64,847 | €62,714 | -€2,134 | -3.3% |
| Operating profit (loss) | 9901 | €46,883 | €39,946 | -€6,937 | -14.8% |
| Financial income | 75/76B | €4,352 | €3,696 | -€656 | -15.1% |
| Recurring financial income | 75 | €4,352 | €3,696 | -€656 | -15.1% |
| Financial charges | 65/66B | €407 | €139 | -€268 | -65.8% |
| Recurring financial charges | 65 | €407 | €139 | -€268 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €50,829 | €43,504 | -€7,325 | -14.4% |
| Income taxes | 67/77 | €14,764 | €13,886 | -€878 | -5.9% |
| Profit (loss) for the period | 9904 | €36,065 | €29,617 | -€6,447 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,065 | €29,617 | -€6,447 | -17.9% |
Next steps
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.