RISING EDGE DEVELOPMENT: 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.
RISING EDGE DEVELOPMENT
Largest movements
- Receivables within one year -€302,964
down €302,964 (-59.8%), from €506,703 to €203,738
of which Trade receivables: -€298,267
- Cash +€185,148
up €185,148 (+236%), from €78,392 to €263,540
mainly Receivables within one year (+€302,964) and Other debts (+€151,839)
- Current investments +€88,345
up €88,345 (+34.2%), from €258,270 to €346,615
- Other debts +€151,839
up €151,839 (+502%), from €30,259 to €182,098
- Reserves -€119,000
down €119,000 (-18.8%), from €632,500 to €513,500
- Trade debts -€37,702
down €37,702 (-47.2%), from €79,817 to €42,115
- Debts after one year -€16,246
down €16,246 (-13.1%), from €124,254 to €108,008
- Staff costs -€75,822
down €75,822 (-49.5%), from €153,299 to €77,477
- Gross operating margin -€63,484
down €63,484 (-23.3%), from €272,823 to €209,339
- Financial income +€21,231
up €21,231 (+603%), from €3,519 to €24,750
- Taxes +€16,457
up €16,457 (+61.9%), from €26,602 to €43,059
- Depreciation +€4,601
up €4,601 (+19.9%), from €23,177 to €27,778
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 | €1,097,542 | €1,073,173 | -€24,370 | -2.2% |
| Fixed assets | 21/28 | €247,764 | €254,438 | +€6,674 | +2.7% |
| Tangible fixed assets | 22/27 | €244,989 | €251,663 | +€6,674 | +2.7% |
| Land and buildings | 22 | €197,724 | €190,886 | -€6,838 | -3.5% |
| Plant, machinery and equipment | 23 | €21,435 | €24,570 | +€3,135 | +14.6% |
| Furniture and vehicles | 24 | €24,030 | €34,407 | +€10,377 | +43.2% |
| Other tangible fixed assets | 26 | €1,800 | €1,800 | = | 0.0% |
| Financial fixed assets | 28 | €2,775 | €2,775 | = | 0.0% |
| Current assets | 29/58 | €849,778 | €818,734 | -€31,044 | -3.7% |
| Amounts receivable within one year | 40/41 | €506,703 | €203,738 | -€302,964 | -59.8% |
| Trade receivables | 40 | €502,005 | €203,738 | -€298,267 | -59.4% |
| Other amounts receivable | 41 | €4,697 | - | -€4,697 | |
| Current investments | 50/53 | €258,270 | €346,615 | +€88,345 | +34.2% |
| Cash at bank and in hand | 54/58 | €78,392 | €263,540 | +€185,148 | +236% |
| Deferred charges and accrued income | 490/1 | €6,413 | €4,841 | -€1,572 | -24.5% |
| Total equity and liabilities | 10/49 | €1,097,542 | €1,073,173 | -€24,370 | -2.2% |
| Equity | 10/15 | €802,969 | €685,864 | -€117,105 | -14.6% |
| Contributions | 10/11 | €15,580 | €15,580 | = | 0.0% |
| Reserves | 13 | €632,500 | €513,500 | -€119,000 | -18.8% |
| Distributable reserves | 133 | €632,500 | €513,500 | -€119,000 | -18.8% |
| Profit (loss) carried forward | 14 | €154,889 | €156,784 | +€1,895 | +1.2% |
| Amounts payable | 17/49 | €294,573 | €387,309 | +€92,736 | +31.5% |
| Amounts payable after more than one year | 17 | €124,254 | €108,008 | -€16,246 | -13.1% |
| Financial debts | 170/4 | €124,254 | €108,008 | -€16,246 | -13.1% |
| Amounts payable within one year | 42/48 | €170,320 | €279,301 | +€108,981 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €16,534 | €16,285 | -€250 | -1.5% |
| Trade debts | 44 | €79,817 | €42,115 | -€37,702 | -47.2% |
| Suppliers | 440/4 | €79,817 | €42,115 | -€37,702 | -47.2% |
| Taxes, remuneration and social security | 45 | €43,710 | €38,804 | -€4,907 | -11.2% |
| Taxes | 450/3 | €15,382 | €26,149 | +€10,766 | +70.0% |
| Remuneration and social security | 454/9 | €28,328 | €12,655 | -€15,673 | -55.3% |
| Other amounts payable | 47/48 | €30,259 | €182,098 | +€151,839 | +502% |
| Non-recurring operating income | 76A | - | €9,332 | +€9,332 | |
| Remuneration, social security and pensions | 62 | €153,299 | €77,477 | -€75,822 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,177 | €27,778 | +€4,601 | +19.9% |
| Other operating charges | 640/8 | €7,292 | €3,551 | -€3,741 | -51.3% |
| Gross operating margin | 9900 | €272,823 | €209,339 | -€63,484 | -23.3% |
| Operating profit (loss) | 9901 | €89,055 | €100,533 | +€11,478 | +12.9% |
| Financial income | 75/76B | €3,519 | €24,750 | +€21,231 | +603% |
| Recurring financial income | 75 | €3,519 | €24,750 | +€21,231 | +603% |
| Financial charges | 65/66B | €5,742 | €5,329 | -€413 | -7.2% |
| Recurring financial charges | 65 | €5,742 | €5,329 | -€413 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €86,832 | €119,954 | +€33,121 | +38.1% |
| Income taxes | 67/77 | €26,602 | €43,059 | +€16,457 | +61.9% |
| Profit (loss) for the period | 9904 | €60,230 | €76,895 | +€16,665 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,230 | €76,895 | +€16,665 | +27.7% |
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.