RAISE UP: what changed
Two fiscal 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.
RAISE UP
Largest movements
- Cash +€5,455
up €5,455 (+2255.9%), from €242 to €5,697
mainly Net result for the year (+€4,629) and Depreciation (+€3,421)
- Tangible fixed assets -€3,421
down €3,421 (-33.6%), from €10,179 to €6,758
- Receivables within one year -€586
down €586 (-35.2%), from €1,668 to €1,082
of which Other amounts receivable: -€1,586
- Deferred charges and accrued income -€290
down €290 (-37.3%), from €779 to €488
- Profit (loss) carried forward +€4,629
up €4,629 (+20.0%), from -€23,122 to -€18,492
- Other debts -€4,405
down €4,405 (-25.6%), from €17,190 to €12,784
- Trade debts +€933
up €933 (+466.3%), from €200 to €1,133
- Gross operating margin -€6,671
down €6,671 (-41.7%), from €15,989 to €9,319
- Depreciation +€3,336
up €3,336 (+3914.4%), from €85 to €3,421
- Other operating charges +€161
up €161 (+23.5%), from €685 to €846
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.
Cash bridge derived
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 | €12,868 | €14,025 | +€1,157 | +9.0% |
| Fixed assets | 21/28 | €10,179 | €6,758 | -€3,421 | -33.6% |
| Tangible fixed assets | 22/27 | €10,179 | €6,758 | -€3,421 | -33.6% |
| Furniture and vehicles | 24 | €10,179 | €6,758 | -€3,421 | -33.6% |
| Current assets | 29/58 | €2,689 | €7,267 | +€4,578 | +170.3% |
| Amounts receivable within one year | 40/41 | €1,668 | €1,082 | -€586 | -35.2% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €1,668 | €82 | -€1,586 | -95.1% |
| Cash at bank and in hand | 54/58 | €242 | €5,697 | +€5,455 | +2255.9% |
| Deferred charges and accrued income | 490/1 | €779 | €488 | -€290 | -37.3% |
| Total equity and liabilities | 10/49 | €12,868 | €14,025 | +€1,157 | +9.0% |
| Equity | 10/15 | -€4,522 | €108 | +€4,629 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,122 | -€18,492 | +€4,629 | +20.0% |
| Amounts payable | 17/49 | €17,390 | €13,917 | -€3,473 | -20.0% |
| Amounts payable within one year | 42/48 | €17,390 | €13,917 | -€3,473 | -20.0% |
| Trade debts | 44 | €200 | €1,133 | +€933 | +466.3% |
| Suppliers | 440/4 | €200 | €1,133 | +€933 | +466.3% |
| Other amounts payable | 47/48 | €17,190 | €12,784 | -€4,405 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85 | €3,421 | +€3,336 | +3914.4% |
| Other operating charges | 640/8 | €685 | €846 | +€161 | +23.5% |
| Non-recurring operating charges | 66A | - | €132 | +€132 | |
| Gross operating margin | 9900 | €15,989 | €9,319 | -€6,671 | -41.7% |
| Operating profit (loss) | 9901 | €15,219 | €4,919 | -€10,300 | -67.7% |
| Financial charges | 65/66B | €269 | €290 | +€20 | +7.6% |
| Recurring financial charges | 65 | €269 | €290 | +€20 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €14,950 | €4,629 | -€10,321 | -69.0% |
| Profit (loss) for the period | 9904 | €14,950 | €4,629 | -€10,321 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,950 | €4,629 | -€10,321 | -69.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.