Rainbow: 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.
Rainbow
Largest movements
- Receivables within one year -€376,765
down €376,765 (-100%), from €376,765 to €0
of which Trade receivables: -€358,865
- Financial fixed assets +€99,750
up €99,750 (+7,980%), from €1,250 to €101,000
- Trade debts -€344,991
down €344,991 (-90.2%), from €382,593 to €37,602
- Tax, wage and social debts +€171,063
up €171,063 (+487%), from €35,095 to €206,159
- Debts after one year -€112,210
down €112,210 (-4.5%), from €2.5m to €2.4m
- Reserves +€73,071
up €73,071 (+18.7%), from €390,952 to €464,023
of which Distributable reserves: +€74,315
- Other debts -€67,587
down €67,587 (-10.3%), from €657,505 to €589,918
- Gross operating margin +€448,603
up €448,603, from -€63,434 to €385,169
- Financial income -€176,365
down €176,365 (-96.6%), from €182,661 to €6,295
- Other operating charges +€142,342
up €142,342 (+1,270%), from €11,210 to €153,552
- Taxes +€43,254
up €43,254 (+3,934%), from €1,100 to €44,354
- Financial charges +€30,834
up €30,834 (+35.3%), from €87,268 to €118,102
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 | €3,963,956 | €3,683,301 | -€280,655 | -7.1% |
| Fixed assets | 21/28 | €21,617 | €130,459 | +€108,842 | +504% |
| Tangible fixed assets | 22/27 | €20,367 | €29,459 | +€9,092 | +44.6% |
| Plant, machinery and equipment | 23 | - | €9,671 | +€9,671 | |
| Furniture and vehicles | 24 | €916 | €337 | -€580 | -63.3% |
| Other tangible fixed assets | 26 | €19,450 | €19,450 | = | 0.0% |
| Financial fixed assets | 28 | €1,250 | €101,000 | +€99,750 | +7,980% |
| Current assets | 29/58 | €3,942,339 | €3,552,843 | -€389,497 | -9.9% |
| Stocks and contracts in progress | 3 | €3,551,345 | €3,538,794 | -€12,551 | -0.4% |
| Stocks | 30/36 | €3,551,345 | €3,538,794 | -€12,551 | -0.4% |
| Amounts receivable within one year | 40/41 | €376,765 | €0 | -€376,765 | -100% |
| Trade receivables | 40 | €358,865 | €0 | -€358,865 | -100% |
| Other amounts receivable | 41 | €17,900 | €0 | -€17,900 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,058 | €13,786 | -€272 | -1.9% |
| Deferred charges and accrued income | 490/1 | €172 | €263 | +€92 | +53.4% |
| Total equity and liabilities | 10/49 | €3,963,956 | €3,683,301 | -€280,655 | -7.1% |
| Equity | 10/15 | €409,552 | €482,623 | +€73,071 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €390,952 | €464,023 | +€73,071 | +18.7% |
| Non-distributable reserves | 130/1 | €1,244 | €0 | -€1,244 | -100% |
| Reserves not available under the articles | 1311 | €1,244 | €0 | -€1,244 | -100% |
| Distributable reserves | 133 | €389,708 | €464,023 | +€74,315 | +19.1% |
| Amounts payable | 17/49 | €3,554,404 | €3,200,678 | -€353,725 | -10.0% |
| Amounts payable after more than one year | 17 | €2,479,210 | €2,367,000 | -€112,210 | -4.5% |
| Financial debts | 170/4 | €2,479,210 | €2,367,000 | -€112,210 | -4.5% |
| Amounts payable within one year | 42/48 | €1,075,194 | €833,678 | -€241,515 | -22.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €382,593 | €37,602 | -€344,991 | -90.2% |
| Suppliers | 440/4 | €382,593 | €37,602 | -€344,991 | -90.2% |
| Taxes, remuneration and social security | 45 | €35,095 | €206,159 | +€171,063 | +487% |
| Taxes | 450/3 | €35,095 | €206,159 | +€171,063 | +487% |
| Other amounts payable | 47/48 | €657,505 | €589,918 | -€67,587 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €2,386 | +€1,806 | +312% |
| Other operating charges | 640/8 | €11,210 | €153,552 | +€142,342 | +1,270% |
| Gross operating margin | 9900 | -€63,434 | €385,169 | +€448,603 | |
| Operating profit (loss) | 9901 | -€75,224 | €229,231 | +€304,455 | |
| Financial income | 75/76B | €182,661 | €6,295 | -€176,365 | -96.6% |
| Recurring financial income | 75 | €182,661 | €6,295 | -€176,365 | -96.6% |
| Financial charges | 65/66B | €87,268 | €118,102 | +€30,834 | +35.3% |
| Recurring financial charges | 65 | €87,268 | €118,102 | +€30,834 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €20,169 | €117,425 | +€97,255 | +482% |
| Income taxes | 67/77 | €1,100 | €44,354 | +€43,254 | +3,934% |
| Profit (loss) for the period | 9904 | €19,070 | €73,071 | +€54,001 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €19,070 | €73,071 | +€54,001 | +283% |
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 21 October 2026 via checked.be.