Rise PropTech Fund: 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 PropTech Fund
Largest movements
- Financial fixed assets +€980,039
up €980,039 (+17.1%), from €5.7m to €6.7m
- Cash -€211,215
down €211,215 (-24.3%), from €868,947 to €657,733
mainly Net result for the year (-€1.5m) and Investment in fixed assets (net) (-€980,039)
- Contributions +€2.3m
up €2.3m (+26.3%), from €8.6m to €10.9m
- Profit (loss) carried forward -€1.5m
down €1.5m (-64.6%), from -€2.3m to -€3.8m
- Financial charges +€1.0m
up €1.0m (+162,682%), from €616 to €1.0m
of which Non-recurring financial charges: +€1.0m
- Purchases and services -€485,385
no longer reported in 2025 (was €485,385)
- Financial income +€27,978
new in 2025: €27,978
- Gross operating margin -€14,596
down €14,596 (-3.0%), from -€485,385 to -€499,981
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 | €6,584,052 | €7,388,571 | +€804,519 | +12.2% |
| Fixed assets | 21/28 | €5,714,887 | €6,694,926 | +€980,039 | +17.1% |
| Financial fixed assets | 28 | €5,714,887 | €6,694,926 | +€980,039 | +17.1% |
| Current assets | 29/58 | €869,165 | €693,645 | -€175,520 | -20.2% |
| Cash at bank and in hand | 54/58 | €868,947 | €657,733 | -€211,215 | -24.3% |
| Deferred charges and accrued income | 490/1 | €217 | €35,912 | +€35,695 | +16,425% |
| Total equity and liabilities | 10/49 | €6,584,052 | €7,388,571 | +€804,519 | +12.2% |
| Equity | 10/15 | €6,346,567 | €7,140,337 | +€793,770 | +12.5% |
| Contributions | 10/11 | €8,631,348 | €10,900,341 | +€2.3m | +26.3% |
| Capital | 10 | €8,631,348 | €10,900,341 | +€2.3m | +26.3% |
| Issued capital | 100 | €8,631,348 | €10,900,341 | +€2.3m | +26.3% |
| Profit (loss) carried forward | 14 | -€2,284,781 | -€3,760,004 | -€1.5m | -64.6% |
| Amounts payable | 17/49 | €237,485 | €248,235 | +€10,750 | +4.5% |
| Amounts payable within one year | 42/48 | €237,485 | €248,235 | +€10,750 | +4.5% |
| Trade debts | 44 | €236,893 | €246,979 | +€10,086 | +4.3% |
| Suppliers | 440/4 | €236,893 | €246,979 | +€10,086 | +4.3% |
| Taxes, remuneration and social security | 45 | €592 | €195 | -€397 | -67.1% |
| Taxes | 450/3 | €592 | €195 | -€397 | -67.1% |
| Other amounts payable | 47/48 | - | €1,061 | +€1,061 | |
| Goods, raw materials, services and sundry goods | 60/61 | €485,385 | - | -€485,385 | |
| Other operating charges | 640/8 | €968 | €1,028 | +€60 | +6.2% |
| Gross operating margin | 9900 | -€485,385 | -€499,981 | -€14,596 | -3.0% |
| Operating profit (loss) | 9901 | -€486,352 | -€501,009 | -€14,656 | -3.0% |
| Financial income | 75/76B | - | €27,978 | +€27,978 | |
| Recurring financial income | 75 | - | €27,978 | +€27,978 | |
| Financial charges | 65/66B | €616 | €1,002,151 | +€1.0m | +162,682% |
| Recurring financial charges | 65 | €616 | €798 | +€182 | +29.6% |
| Non-recurring financial charges | 66B | €0 | €1,001,353 | +€1.0m | |
| Profit (loss) for the period before taxes | 9903 | -€486,968 | -€1,475,182 | -€988,214 | -203% |
| Income taxes | 67/77 | €153 | €42 | -€111 | -72.8% |
| Profit (loss) for the period | 9904 | -€487,121 | -€1,475,223 | -€988,103 | -203% |
| Profit (loss) for the period to be appropriated | 9905 | -€487,121 | -€1,475,223 | -€988,103 | -203% |
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 30 October 2026 via checked.be.