Rise& Shine: 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& Shine
Largest movements
- Receivables within one year +€26,921
up €26,921 (+40.8%), from €66,033 to €92,954
of which Other amounts receivable: +€22,618
- Cash -€21,350
down €21,350 (-98.1%), from €21,766 to €416
mainly Contributions, distributions and other (-€65,000) and Receivables within one year (-€26,921)
- Reserves +€9,899
up €9,899 (+40.1%), from €24,683 to €34,581
- Trade debts -€7,672
down €7,672 (-51.6%), from €14,871 to €7,198
- Tax, wage and social debts +€3,957
up €3,957 (+40.5%), from €9,772 to €13,729
- Gross operating margin +€26,518
up €26,518 (+42.8%), from €61,962 to €88,480
- Taxes +€4,997
up €4,997 (+74.4%), from €6,720 to €11,716
- Financial income +€1,887
up €1,887 (+90.5%), from €2,086 to €3,973
- Depreciation +€1,217
up €1,217 (+30.7%), from €3,968 to €5,185
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 | €152,926 | €157,709 | +€4,783 | +3.1% |
| Fixed assets | 21/28 | €13,372 | €12,899 | -€473 | -3.5% |
| Tangible fixed assets | 22/27 | €9,997 | €9,524 | -€473 | -4.7% |
| Plant, machinery and equipment | 23 | €9,997 | €5,662 | -€4,335 | -43.4% |
| Furniture and vehicles | 24 | - | €3,862 | +€3,862 | |
| Financial fixed assets | 28 | €3,375 | €3,375 | = | 0.0% |
| Current assets | 29/58 | €139,555 | €144,810 | +€5,256 | +3.8% |
| Amounts receivable after more than one year | 29 | €51,440 | €51,440 | = | 0.0% |
| Other amounts receivable | 291 | €51,440 | €51,440 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,033 | €92,954 | +€26,921 | +40.8% |
| Trade receivables | 40 | €13,794 | €18,097 | +€4,303 | +31.2% |
| Other amounts receivable | 41 | €52,239 | €74,857 | +€22,618 | +43.3% |
| Cash at bank and in hand | 54/58 | €21,766 | €416 | -€21,350 | -98.1% |
| Deferred charges and accrued income | 490/1 | €315 | €0 | -€315 | -100% |
| Total equity and liabilities | 10/49 | €152,926 | €157,709 | +€4,783 | +3.1% |
| Equity | 10/15 | €91,883 | €101,781 | +€9,899 | +10.8% |
| Contributions | 10/11 | €67,200 | €67,200 | = | 0.0% |
| Reserves | 13 | €24,683 | €34,581 | +€9,899 | +40.1% |
| Distributable reserves | 133 | €24,683 | €34,581 | +€9,899 | +40.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,044 | €55,928 | -€5,116 | -8.4% |
| Amounts payable within one year | 42/48 | €61,044 | €55,928 | -€5,116 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €1,107 | €0 | -€1,107 | -100% |
| Trade debts | 44 | €14,871 | €7,198 | -€7,672 | -51.6% |
| Suppliers | 440/4 | €14,871 | €7,198 | -€7,672 | -51.6% |
| Taxes, remuneration and social security | 45 | €9,772 | €13,729 | +€3,957 | +40.5% |
| Taxes | 450/3 | €9,772 | €13,729 | +€3,957 | +40.5% |
| Other amounts payable | 47/48 | €35,294 | €35,000 | -€294 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,968 | €5,185 | +€1,217 | +30.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €61,962 | €88,480 | +€26,518 | +42.8% |
| Operating profit (loss) | 9901 | €57,488 | €82,775 | +€25,287 | +44.0% |
| Financial income | 75/76B | €2,086 | €3,973 | +€1,887 | +90.5% |
| Recurring financial income | 75 | €2,086 | €3,973 | +€1,887 | +90.5% |
| Financial charges | 65/66B | €153 | €134 | -€20 | -12.8% |
| Recurring financial charges | 65 | €153 | €134 | -€20 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €59,421 | €86,615 | +€27,194 | +45.8% |
| Income taxes | 67/77 | €6,720 | €11,716 | +€4,997 | +74.4% |
| Profit (loss) for the period | 9904 | €52,701 | €74,899 | +€22,197 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,701 | €74,899 | +€22,197 | +42.1% |
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 16 October 2026 via checked.be.