RAINBOW: what changed
Two fiscal 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
- Tangible fixed assets -€23,561
down €23,561 (-14.1%), from €167,411 to €143,850
of which Land and buildings: -€19,672
- Receivables within one year +€15,898
up €15,898 (+21.8%), from €72,778 to €88,676
- Advances received +€87,781
up €87,781 (+488.3%), from €17,978 to €105,760
- Trade debts -€67,522
down €67,522 (-79.8%), from €84,646 to €17,124
- Debts after one year -€20,942
down €20,942 (-11.7%), from €179,720 to €158,778
- Other debts +€8,136
up €8,136 (+13.6%), from €59,922 to €68,058
- Short-term financial debts -€7,423
down €7,423 (-28.5%), from €26,007 to €18,584
of which Credit institutions: -€5,960
- Gross operating margin -€2,710
down €2,710 (-2.8%), from €98,099 to €95,389
- Financial charges +€2,501
up €2,501 (+19.6%), from €12,784 to €15,286
- Other operating charges -€2,288
down €2,288 (-37.3%), from €6,128 to €3,841
- Staff costs -€1,632
down €1,632 (-2.7%), from €60,126 to €58,493
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €497,511 | €493,703 | -€3,808 | -0.8% |
| Fixed assets | 21/28 | €424,733 | €401,172 | -€23,561 | -5.5% |
| Tangible fixed assets | 22/27 | €167,411 | €143,850 | -€23,561 | -14.1% |
| Land and buildings | 22 | €157,375 | €137,703 | -€19,672 | -12.5% |
| Furniture and vehicles | 24 | €816 | - | -€816 | |
| Other tangible fixed assets | 26 | €9,221 | €6,147 | -€3,074 | -33.3% |
| Financial fixed assets | 28 | €257,322 | €257,322 | = | 0.0% |
| Current assets | 29/58 | €72,778 | €92,531 | +€19,753 | +27.1% |
| Amounts receivable within one year | 40/41 | €72,778 | €88,676 | +€15,898 | +21.8% |
| Trade receivables | 40 | €72,778 | €88,676 | +€15,898 | +21.8% |
| Cash at bank and in hand | 54/58 | - | €3,855 | +€3,855 | |
| Total equity and liabilities | 10/49 | €497,511 | €493,703 | -€3,808 | -0.8% |
| Equity | 10/15 | €78,575 | €72,596 | -€5,979 | -7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,360 | €56,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,500 | €20,500 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,615 | -€2,364 | -€5,979 | |
| Amounts payable | 17/49 | €418,936 | €421,108 | +€2,172 | +0.5% |
| Amounts payable after more than one year | 17 | €179,720 | €158,778 | -€20,942 | -11.7% |
| Financial debts | 170/4 | €179,720 | €158,778 | -€20,942 | -11.7% |
| Amounts payable within one year | 42/48 | €239,216 | €262,329 | +€23,114 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €22,330 | €22,649 | +€319 | +1.4% |
| Financial debts | 43 | €26,007 | €18,584 | -€7,423 | -28.5% |
| Credit institutions | 430/8 | €24,544 | €18,584 | -€5,960 | -24.3% |
| Other loans | 439 | €1,464 | - | -€1,464 | |
| Trade debts | 44 | €84,646 | €17,124 | -€67,522 | -79.8% |
| Suppliers | 440/4 | €84,646 | €17,124 | -€67,522 | -79.8% |
| Advances received on contracts in progress | 46 | €17,978 | €105,760 | +€87,781 | +488.3% |
| Taxes, remuneration and social security | 45 | €28,333 | €30,155 | +€1,822 | +6.4% |
| Taxes | 450/3 | €21,724 | €23,546 | +€1,822 | +8.4% |
| Remuneration and social security | 454/9 | €6,609 | €6,609 | = | 0.0% |
| Other amounts payable | 47/48 | €59,922 | €68,058 | +€8,136 | +13.6% |
| Remuneration, social security and pensions | 62 | €60,126 | €58,493 | -€1,632 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,561 | €23,561 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,128 | €3,841 | -€2,288 | -37.3% |
| Gross operating margin | 9900 | €98,099 | €95,389 | -€2,710 | -2.8% |
| Operating profit (loss) | 9901 | €8,284 | €9,494 | +€1,210 | +14.6% |
| Financial charges | 65/66B | €12,784 | €15,286 | +€2,501 | +19.6% |
| Recurring financial charges | 65 | €12,784 | €15,286 | +€2,501 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,500 | -€5,792 | -€1,292 | -28.7% |
| Income taxes | 67/77 | €469 | €187 | -€282 | -60.1% |
| Profit (loss) for the period | 9904 | -€4,970 | -€5,979 | -€1,010 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,970 | -€5,979 | -€1,010 | -20.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.