The Rising Castle: what changed
The Rising Castle
Largest movements
- Tangible fixed assets +€16,248
up €16,248 (+26.1%), from €62,190 to €78,437
of which Land and buildings: +€10,086
- Receivables within one year -€9,102
down €9,102 (-55.1%), from €16,529 to €7,427
of which Trade receivables: -€9,127
- Cash -€4,084
down €4,084 (-6.1%), from €67,379 to €63,295
mainly Investment in fixed assets (net) (-€33,693) and Contributions, distributions and other (-€12,788)
- Deferred charges and accrued income +€2,154
up €2,154 (+739%), from €291 to €2,445
- Reserves +€13,118
up €13,118 (+21.0%), from €62,581 to €75,699
- Tax, wage and social debts -€9,448
down €9,448 (-27.8%), from €34,030 to €24,582
- Trade debts +€6,992
up €6,992 (+56.7%), from €12,340 to €19,332
- Accrued charges and deferred income -€3,500
no longer reported in 2025 (was €3,500)
- Other debts -€1,948
down €1,948 (-5.7%), from €33,939 to €31,991
- Gross operating margin +€13,201
up €13,201 (+30.2%), from €43,672 to €56,873
- Depreciation +€4,850
up €4,850 (+38.5%), from €12,596 to €17,446
- Taxes +€2,542
up €2,542 (+28.7%), from €8,849 to €11,391
- Financial charges -€640
down €640 (-25.0%), from €2,566 to €1,926
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 | €146,389 | €151,604 | +€5,215 | +3.6% |
| Fixed assets | 21/28 | €62,190 | €78,437 | +€16,248 | +26.1% |
| Tangible fixed assets | 22/27 | €62,190 | €78,437 | +€16,248 | +26.1% |
| Land and buildings | 22 | €30,530 | €40,616 | +€10,086 | +33.0% |
| Plant, machinery and equipment | 23 | €7,290 | €16,163 | +€8,873 | +122% |
| Furniture and vehicles | 24 | €24,370 | €21,658 | -€2,712 | -11.1% |
| Current assets | 29/58 | €84,199 | €73,166 | -€11,033 | -13.1% |
| Amounts receivable within one year | 40/41 | €16,529 | €7,427 | -€9,102 | -55.1% |
| Trade receivables | 40 | €16,523 | €7,396 | -€9,127 | -55.2% |
| Other amounts receivable | 41 | €6 | €31 | +€25 | +412% |
| Cash at bank and in hand | 54/58 | €67,379 | €63,295 | -€4,084 | -6.1% |
| Deferred charges and accrued income | 490/1 | €291 | €2,445 | +€2,154 | +739% |
| Total equity and liabilities | 10/49 | €146,389 | €151,604 | +€5,215 | +3.6% |
| Equity | 10/15 | €62,581 | €75,699 | +€13,118 | +21.0% |
| Reserves | 13 | €62,581 | €75,699 | +€13,118 | +21.0% |
| Distributable reserves | 133 | €62,581 | €75,699 | +€13,118 | +21.0% |
| Amounts payable | 17/49 | €83,808 | €75,905 | -€7,903 | -9.4% |
| Amounts payable within one year | 42/48 | €80,308 | €75,905 | -€4,403 | -5.5% |
| Trade debts | 44 | €12,340 | €19,332 | +€6,992 | +56.7% |
| Suppliers | 440/4 | €12,340 | €19,332 | +€6,992 | +56.7% |
| Taxes, remuneration and social security | 45 | €34,030 | €24,582 | -€9,448 | -27.8% |
| Taxes | 450/3 | €34,030 | €24,582 | -€9,448 | -27.8% |
| Other amounts payable | 47/48 | €33,939 | €31,991 | -€1,948 | -5.7% |
| Accrued charges and deferred income | 492/3 | €3,500 | - | -€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,596 | €17,446 | +€4,850 | +38.5% |
| Other operating charges | 640/8 | €610 | €699 | +€89 | +14.6% |
| Gross operating margin | 9900 | €43,672 | €56,873 | +€13,201 | +30.2% |
| Operating profit (loss) | 9901 | €30,466 | €38,728 | +€8,262 | +27.1% |
| Financial income | 75/76B | €69 | €495 | +€426 | +619% |
| Recurring financial income | 75 | €69 | €495 | +€426 | +619% |
| Financial charges | 65/66B | €2,566 | €1,926 | -€640 | -25.0% |
| Recurring financial charges | 65 | €2,566 | €1,926 | -€640 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €27,968 | €37,297 | +€9,328 | +33.4% |
| Income taxes | 67/77 | €8,849 | €11,391 | +€2,542 | +28.7% |
| Profit (loss) for the period | 9904 | €19,119 | €25,906 | +€6,787 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,119 | €25,906 | +€6,787 | +35.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.