RISEHUB: 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.
RISEHUB
Largest movements
- Tangible fixed assets +€3.6m
up €3.6m (+54,148%), from €6,578 to €3.6m
of which Land and buildings: +€3.6m
- Receivables within one year -€69,550
down €69,550 (-100.0%), from €69,574 to €24
of which Other amounts receivable: -€36,950
- Cash +€58,929
up €58,929, from €0 to €58,929
mainly Contributions, distributions and other (+€2.4m) and Debts after one year (+€901,787)
- Contributions +€2.4m
up €2.4m (+405,421%), from €600 to €2.4m
- Debts after one year +€901,787
new in 2025: €901,787
- Other debts +€589,879
new in 2025: €589,879
- Profit (loss) carried forward -€394,700
down €394,700, from €26,954 to -€367,746
- Depreciation +€277,729
up €277,729 (+9,332%), from €2,976 to €280,705
- Gross operating margin -€110,695
down €110,695, from €49,065 to -€61,630
- Financial charges +€27,148
up €27,148 (+914%), from €2,970 to €30,118
- Other operating charges +€21,561
up €21,561 (+4,179%), from €516 to €22,077
- Taxes -€13,421
down €13,421 (-98.7%), from €13,591 to €170
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 | €81,283 | €3,646,649 | +€3.6m | +4,386% |
| Fixed assets | 21/28 | €6,578 | €3,568,389 | +€3.6m | +54,148% |
| Tangible fixed assets | 22/27 | €6,578 | €3,568,389 | +€3.6m | +54,148% |
| Land and buildings | 22 | - | €3,563,054 | +€3.6m | |
| Furniture and vehicles | 24 | €6,578 | €5,335 | -€1,243 | -18.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €74,705 | €78,259 | +€3,554 | +4.8% |
| Amounts receivable within one year | 40/41 | €69,574 | €24 | -€69,550 | -100.0% |
| Trade receivables | 40 | €32,600 | €0 | -€32,600 | -100% |
| Other amounts receivable | 41 | €36,974 | €24 | -€36,950 | -99.9% |
| Cash at bank and in hand | 54/58 | €0 | €58,929 | +€58,929 | |
| Deferred charges and accrued income | 490/1 | €5,131 | €19,307 | +€14,175 | +276% |
| Total equity and liabilities | 10/49 | €81,283 | €3,646,649 | +€3.6m | +4,386% |
| Equity | 10/15 | €57,289 | €2,095,117 | +€2.0m | +3,557% |
| Contributions | 10/11 | €600 | €2,433,128 | +€2.4m | +405,421% |
| Reserves | 13 | €29,735 | €29,735 | = | 0.0% |
| Distributable reserves | 133 | €29,735 | €29,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,954 | -€367,746 | -€394,700 | |
| Amounts payable | 17/49 | €23,995 | €1,551,531 | +€1.5m | +6,366% |
| Amounts payable after more than one year | 17 | - | €901,787 | +€901,787 | |
| Financial debts | 170/4 | - | €901,787 | +€901,787 | |
| Amounts payable within one year | 42/48 | €23,995 | €649,224 | +€625,230 | +2,606% |
| Financial debts | 43 | €42 | €36,096 | +€36,054 | +85,823% |
| Credit institutions | 430/8 | €42 | €36,096 | +€36,054 | +85,823% |
| Trade debts | 44 | €6,181 | €12,393 | +€6,211 | +100% |
| Suppliers | 440/4 | €6,181 | €12,393 | +€6,211 | +100% |
| Taxes, remuneration and social security | 45 | €17,771 | €10,857 | -€6,915 | -38.9% |
| Taxes | 450/3 | €17,771 | €10,857 | -€6,915 | -38.9% |
| Other amounts payable | 47/48 | - | €589,879 | +€589,879 | |
| Accrued charges and deferred income | 492/3 | - | €520 | +€520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,976 | €280,705 | +€277,729 | +9,332% |
| Other operating charges | 640/8 | €516 | €22,077 | +€21,561 | +4,179% |
| Gross operating margin | 9900 | €49,065 | -€61,630 | -€110,695 | |
| Operating profit (loss) | 9901 | €45,573 | -€364,412 | -€409,985 | |
| Financial income | 75/76B | €723 | €0 | -€723 | -100.0% |
| Recurring financial income | 75 | €723 | €0 | -€723 | -100.0% |
| Financial charges | 65/66B | €2,970 | €30,118 | +€27,148 | +914% |
| Recurring financial charges | 65 | €2,970 | €30,118 | +€27,148 | +914% |
| Profit (loss) for the period before taxes | 9903 | €43,326 | -€394,529 | -€437,856 | |
| Income taxes | 67/77 | €13,591 | €170 | -€13,421 | -98.7% |
| Profit (loss) for the period | 9904 | €29,735 | -€394,700 | -€424,434 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,735 | -€394,700 | -€424,434 |
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.