RISE: 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.
RISE
Largest movements
- Cash -€53,236
down €53,236 (-44.9%), from €118,450 to €65,214
mainly Contributions, distributions and other (-€125,758) and Other debts (-€24,236)
- Receivables within one year +€7,105
up €7,105 (+24.6%), from €28,845 to €35,950
of which Trade receivables: +€7,105
- Tangible fixed assets +€5,416
up €5,416 (+11.0%), from €49,307 to €54,723
of which Furniture and vehicles: +€3,190
- Other debts -€24,236
down €24,236 (-16.2%), from €150,000 to €125,764
- Profit (loss) carried forward -€19,626
no longer reported in 2025 (was €19,626)
- Tax, wage and social debts +€18,074
up €18,074 (+100%), from €18,065 to €36,139
- Advances received -€8,683
no longer reported in 2025 (was €8,683)
- Trade debts -€6,920
down €6,920 (-50.1%), from €13,815 to €6,895
- Gross operating margin +€54,348
up €54,348 (+59.7%), from €91,045 to €145,393
- Taxes +€13,367
up €13,367 (+75.0%), from €17,820 to €31,187
- Depreciation +€2,943
up €2,943 (+66.1%), from €4,451 to €7,394
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 | €212,689 | €171,298 | -€41,391 | -19.5% |
| Fixed assets | 21/28 | €49,670 | €55,086 | +€5,416 | +10.9% |
| Tangible fixed assets | 22/27 | €49,307 | €54,723 | +€5,416 | +11.0% |
| Furniture and vehicles | 24 | €4,895 | €8,085 | +€3,190 | +65.2% |
| Other tangible fixed assets | 26 | €44,412 | €46,638 | +€2,226 | +5.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €163,019 | €116,212 | -€46,807 | -28.7% |
| Amounts receivable after more than one year | 29 | €13,477 | €11,889 | -€1,587 | -11.8% |
| Other amounts receivable | 291 | €13,477 | €11,889 | -€1,587 | -11.8% |
| Amounts receivable within one year | 40/41 | €28,845 | €35,950 | +€7,105 | +24.6% |
| Trade receivables | 40 | €24,360 | €31,466 | +€7,105 | +29.2% |
| Other amounts receivable | 41 | €4,484 | €4,484 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,450 | €65,214 | -€53,236 | -44.9% |
| Deferred charges and accrued income | 490/1 | €2,247 | €3,158 | +€911 | +40.5% |
| Total equity and liabilities | 10/49 | €212,689 | €171,298 | -€41,391 | -19.5% |
| Equity | 10/15 | €22,126 | €2,500 | -€19,626 | -88.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,626 | - | -€19,626 | |
| Amounts payable | 17/49 | €190,563 | €168,798 | -€21,765 | -11.4% |
| Amounts payable within one year | 42/48 | €190,563 | €168,798 | -€21,765 | -11.4% |
| Trade debts | 44 | €13,815 | €6,895 | -€6,920 | -50.1% |
| Suppliers | 440/4 | €13,815 | €6,895 | -€6,920 | -50.1% |
| Advances received on contracts in progress | 46 | €8,683 | - | -€8,683 | |
| Taxes, remuneration and social security | 45 | €18,065 | €36,139 | +€18,074 | +100% |
| Taxes | 450/3 | €18,065 | €36,139 | +€18,074 | +100% |
| Other amounts payable | 47/48 | €150,000 | €125,764 | -€24,236 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,451 | €7,394 | +€2,943 | +66.1% |
| Other operating charges | 640/8 | €409 | €544 | +€134 | +32.8% |
| Gross operating margin | 9900 | €91,045 | €145,393 | +€54,348 | +59.7% |
| Operating profit (loss) | 9901 | €86,185 | €137,456 | +€51,271 | +59.5% |
| Financial income | 75/76B | €751 | €424 | -€327 | -43.5% |
| Recurring financial income | 75 | €751 | €424 | -€327 | -43.5% |
| Financial charges | 65/66B | €578 | €560 | -€18 | -3.1% |
| Recurring financial charges | 65 | €578 | €560 | -€18 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €86,358 | €137,320 | +€50,962 | +59.0% |
| Income taxes | 67/77 | €17,820 | €31,187 | +€13,367 | +75.0% |
| Profit (loss) for the period | 9904 | €68,538 | €106,133 | +€37,595 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,538 | €106,133 | +€37,595 | +54.9% |
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 14 October 2026 via checked.be.