Rising Up: 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 Up
Largest movements
- Cash +€26,865
up €26,865 (+127%), from €21,080 to €47,945
mainly Net result for the year (+€28,478) and Other debts (+€2,358)
- Receivables within one year +€3,252
up €3,252 (+9.7%), from €33,538 to €36,790
of which Trade receivables: +€3,294
- Deferred charges and accrued income -€1,137
no longer reported in 2025 (was €1,137)
- Profit (loss) carried forward +€28,478
up €28,478 (+71.3%), from €39,952 to €68,430
- Trade debts -€2,769
down €2,769 (-54.9%), from €5,041 to €2,272
- Other debts +€2,358
new in 2025: €2,358
- Gross operating margin +€12,619
up €12,619 (+52.1%), from €24,203 to €36,822
- Other operating charges -€4,025
down €4,025 (-98.8%), from €4,075 to €50
- Taxes +€2,295
up €2,295 (+45.3%), from €5,066 to €7,361
- Depreciation +€438
up €438 (+119%), from €369 to €807
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 | €57,807 | €85,980 | +€28,173 | +48.7% |
| Fixed assets | 21/28 | €2,052 | €1,245 | -€807 | -39.3% |
| Tangible fixed assets | 22/27 | €2,052 | €1,245 | -€807 | -39.3% |
| Furniture and vehicles | 24 | €2,052 | €1,245 | -€807 | -39.3% |
| Current assets | 29/58 | €55,755 | €84,735 | +€28,980 | +52.0% |
| Amounts receivable within one year | 40/41 | €33,538 | €36,790 | +€3,252 | +9.7% |
| Trade receivables | 40 | €33,496 | €36,790 | +€3,294 | +9.8% |
| Other amounts receivable | 41 | €42 | - | -€42 | |
| Cash at bank and in hand | 54/58 | €21,080 | €47,945 | +€26,865 | +127% |
| Deferred charges and accrued income | 490/1 | €1,137 | - | -€1,137 | |
| Total equity and liabilities | 10/49 | €57,807 | €85,980 | +€28,173 | +48.7% |
| Equity | 10/15 | €40,952 | €69,430 | +€28,478 | +69.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,952 | €68,430 | +€28,478 | +71.3% |
| Amounts payable | 17/49 | €16,855 | €16,550 | -€305 | -1.8% |
| Amounts payable within one year | 42/48 | €16,855 | €16,550 | -€305 | -1.8% |
| Trade debts | 44 | €5,041 | €2,272 | -€2,769 | -54.9% |
| Suppliers | 440/4 | €5,041 | €2,272 | -€2,769 | -54.9% |
| Taxes, remuneration and social security | 45 | €11,814 | €11,920 | +€106 | +0.9% |
| Taxes | 450/3 | €10,614 | €11,920 | +€1,306 | +12.3% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | - | €2,358 | +€2,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €807 | +€438 | +119% |
| Other operating charges | 640/8 | €4,075 | €50 | -€4,025 | -98.8% |
| Gross operating margin | 9900 | €24,203 | €36,822 | +€12,619 | +52.1% |
| Operating profit (loss) | 9901 | €19,758 | €35,965 | +€16,206 | +82.0% |
| Financial charges | 65/66B | €170 | €126 | -€45 | -26.1% |
| Recurring financial charges | 65 | €170 | €126 | -€45 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €19,588 | €35,839 | +€16,251 | +83.0% |
| Income taxes | 67/77 | €5,066 | €7,361 | +€2,295 | +45.3% |
| Profit (loss) for the period | 9904 | €14,522 | €28,478 | +€13,956 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,522 | €28,478 | +€13,956 | +96.1% |
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 26 October 2026 via checked.be.