Rising Stars: what changed
Rising Stars
Largest movements
- Tangible fixed assets +€47,776
new in 2025: €47,776
- Deferred charges and accrued income -€27,040
down €27,040 (-100%), from €27,040 to €0
- Stocks and contracts -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Receivables within one year -€19,821
down €19,821 (-33.8%), from €58,686 to €38,865
of which Trade receivables: -€21,700
- Cash -€11,684
down €11,684 (-47.1%), from €24,830 to €13,147
mainly Investment in fixed assets (net) (-€56,000) and Other debts (-€49,502)
- Other debts -€49,502
down €49,502 (-35.6%), from €139,236 to €89,734
- Profit (loss) carried forward +€19,004
up €19,004, from -€19,004 to €0
- Reserves -€1,601
down €1,601 (-16.5%), from €9,683 to €8,082
- Gross operating margin +€34,016
up €34,016, from -€6,479 to €27,538
- Depreciation +€8,224
new in 2025: €8,224
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,556 | €119,788 | -€30,768 | -20.4% |
| Fixed assets | 21/28 | - | €47,776 | +€47,776 | |
| Tangible fixed assets | 22/27 | - | €47,776 | +€47,776 | |
| Leasing and similar rights | 25 | - | €47,776 | +€47,776 | |
| Current assets | 29/58 | €150,556 | €72,012 | -€78,545 | -52.2% |
| Stocks and contracts in progress | 3 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Stocks | 30/36 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €58,686 | €38,865 | -€19,821 | -33.8% |
| Trade receivables | 40 | €55,000 | €33,300 | -€21,700 | -39.5% |
| Other amounts receivable | 41 | €3,686 | €5,565 | +€1,879 | +51.0% |
| Cash at bank and in hand | 54/58 | €24,830 | €13,147 | -€11,684 | -47.1% |
| Deferred charges and accrued income | 490/1 | €27,040 | €0 | -€27,040 | -100% |
| Total equity and liabilities | 10/49 | €150,556 | €119,788 | -€30,768 | -20.4% |
| Equity | 10/15 | €10,679 | €28,082 | +€17,403 | +163% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €9,683 | €8,082 | -€1,601 | -16.5% |
| Distributable reserves | 133 | €9,683 | €8,082 | -€1,601 | -16.5% |
| Profit (loss) carried forward | 14 | -€19,004 | €0 | +€19,004 | |
| Amounts payable | 17/49 | €139,877 | €91,706 | -€48,171 | -34.4% |
| Amounts payable within one year | 42/48 | €139,877 | €91,706 | -€48,171 | -34.4% |
| Trade debts | 44 | €642 | €1,973 | +€1,331 | +207% |
| Suppliers | 440/4 | €642 | €1,973 | +€1,331 | +207% |
| Other amounts payable | 47/48 | €139,236 | €89,734 | -€49,502 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,224 | +€8,224 | |
| Other operating charges | 640/8 | €563 | €566 | +€3 | +0.5% |
| Gross operating margin | 9900 | -€6,479 | €27,538 | +€34,016 | |
| Operating profit (loss) | 9901 | -€7,042 | €18,748 | +€25,790 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,412 | €1,345 | -€67 | -4.7% |
| Recurring financial charges | 65 | €1,412 | €1,345 | -€67 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,454 | €17,403 | +€25,857 | |
| Profit (loss) for the period | 9904 | -€8,454 | €17,403 | +€25,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,454 | €17,403 | +€25,857 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.