RISE & RAISE: 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 & RAISE
Largest movements
- Cash -€66,624
down €66,624 (-93.0%), from €71,622 to €4,998
mainly Net result for the year (-€57,891) and Trade debts (-€16,271)
- Receivables within one year -€12,082
down €12,082 (-87.0%), from €13,893 to €1,811
of which Trade receivables: -€13,603
- Tangible fixed assets +€1,540
up €1,540 (+224.3%), from €687 to €2,227
of which Plant, machinery and equipment: +€2,207
- Profit (loss) carried forward -€57,891
down €57,891 (-90.7%), from €63,837 to €5,946
- Trade debts -€16,271
down €16,271 (-93.4%), from €17,421 to €1,150
- Tax, wage and social debts -€2,267
down €2,267 (-34.4%), from €6,594 to €4,327
- Gross operating margin -€70,691
down €70,691, from €16,550 to -€54,141
- Taxes -€4,404
down €4,404, from €4,371 to -€33
- Other operating charges +€2,299
up €2,299 (+413.9%), from €556 to €2,855
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 | €91,408 | €14,255 | -€77,153 | -84.4% |
| Fixed assets | 21/28 | €687 | €2,227 | +€1,540 | +224.3% |
| Tangible fixed assets | 22/27 | €687 | €2,227 | +€1,540 | +224.3% |
| Plant, machinery and equipment | 23 | - | €2,207 | +€2,207 | |
| Furniture and vehicles | 24 | €687 | €20 | -€667 | -97.1% |
| Current assets | 29/58 | €90,722 | €12,028 | -€78,694 | -86.7% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,893 | €1,811 | -€12,082 | -87.0% |
| Trade receivables | 40 | €13,893 | €290 | -€13,603 | -97.9% |
| Other amounts receivable | 41 | - | €1,521 | +€1,521 | |
| Cash at bank and in hand | 54/58 | €71,622 | €4,998 | -€66,624 | -93.0% |
| Deferred charges and accrued income | 490/1 | €207 | €219 | +€12 | +5.8% |
| Total equity and liabilities | 10/49 | €91,408 | €14,255 | -€77,153 | -84.4% |
| Equity | 10/15 | €65,837 | €7,946 | -€57,891 | -87.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,837 | €5,946 | -€57,891 | -90.7% |
| Amounts payable | 17/49 | €25,571 | €6,309 | -€19,262 | -75.3% |
| Amounts payable within one year | 42/48 | €25,571 | €6,309 | -€19,262 | -75.3% |
| Trade debts | 44 | €17,421 | €1,150 | -€16,271 | -93.4% |
| Suppliers | 440/4 | €17,421 | €1,150 | -€16,271 | -93.4% |
| Taxes, remuneration and social security | 45 | €6,594 | €4,327 | -€2,267 | -34.4% |
| Taxes | 450/3 | €6,594 | €4,327 | -€2,267 | -34.4% |
| Other amounts payable | 47/48 | €1,556 | €832 | -€724 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €1,014 | +€347 | +52.1% |
| Other operating charges | 640/8 | €556 | €2,855 | +€2,299 | +413.9% |
| Gross operating margin | 9900 | €16,550 | -€54,141 | -€70,691 | |
| Operating profit (loss) | 9901 | €15,328 | -€58,010 | -€73,338 | |
| Financial income | 75/76B | €121 | €150 | +€29 | +23.5% |
| Recurring financial income | 75 | €121 | €150 | +€29 | +23.5% |
| Financial charges | 65/66B | €62 | €64 | +€2 | +2.4% |
| Recurring financial charges | 65 | €62 | €64 | +€2 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €15,387 | -€57,924 | -€73,311 | |
| Income taxes | 67/77 | €4,371 | -€33 | -€4,404 | |
| Profit (loss) for the period | 9904 | €11,016 | -€57,891 | -€68,907 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,016 | -€57,891 | -€68,907 |
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 9 October 2026 via checked.be.