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
- Tangible fixed assets +€474,894
up €474,894 (+2192.2%), from €21,663 to €496,557
of which Land and buildings: +€483,382
- Cash -€18,597
down €18,597 (-32.4%), from €57,445 to €38,848
mainly Investment in fixed assets (net) (-€492,421) and Receivables within one year (-€4,271)
- Debts after one year +€387,561
new in 2025: €387,561
- Profit (loss) carried forward +€38,857
up €38,857 (+46.1%), from €84,232 to €123,088
- Current portion of long-term debt +€19,904
new in 2025: €19,904
- Accrued charges and deferred income +€8,483
new in 2025: €8,483
- Other debts +€7,096
up €7,096 (+222.2%), from €3,194 to €10,290
- Gross operating margin -€37,632
down €37,632 (-32.6%), from €115,500 to €77,868
- Taxes -€12,978
down €12,978 (-56.2%), from €23,101 to €10,123
- Depreciation +€12,126
up €12,126 (+224.5%), from €5,400 to €17,526
- Financial charges +€8,113
up €8,113 (+911.6%), from €890 to €9,003
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.
Cash bridge derived
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 | €107,145 | €568,457 | +€461,312 | +430.5% |
| Fixed assets | 21/28 | €21,663 | €496,557 | +€474,894 | +2192.2% |
| Tangible fixed assets | 22/27 | €21,663 | €496,557 | +€474,894 | +2192.2% |
| Land and buildings | 22 | - | €483,382 | +€483,382 | |
| Furniture and vehicles | 24 | €21,663 | €13,175 | -€8,488 | -39.2% |
| Current assets | 29/58 | €85,482 | €71,900 | -€13,582 | -15.9% |
| Amounts receivable within one year | 40/41 | €28,037 | €32,308 | +€4,271 | +15.2% |
| Trade receivables | 40 | €27,715 | €32,308 | +€4,593 | +16.6% |
| Other amounts receivable | 41 | €322 | €0 | -€322 | -100.0% |
| Cash at bank and in hand | 54/58 | €57,445 | €38,848 | -€18,597 | -32.4% |
| Deferred charges and accrued income | 490/1 | €0 | €744 | +€744 | |
| Total equity and liabilities | 10/49 | €107,145 | €568,457 | +€461,312 | +430.5% |
| Equity | 10/15 | €87,232 | €126,088 | +€38,857 | +44.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,232 | €123,088 | +€38,857 | +46.1% |
| Amounts payable | 17/49 | €19,913 | €442,369 | +€422,456 | +2121.5% |
| Amounts payable after more than one year | 17 | - | €387,561 | +€387,561 | |
| Financial debts | 170/4 | - | €387,561 | +€387,561 | |
| Amounts payable within one year | 42/48 | €19,913 | €46,325 | +€26,412 | +132.6% |
| Current portion of amounts payable after more than one year | 42 | - | €19,904 | +€19,904 | |
| Trade debts | 44 | €1,878 | €1,973 | +€95 | +5.0% |
| Suppliers | 440/4 | €1,878 | €1,973 | +€95 | +5.0% |
| Taxes, remuneration and social security | 45 | €14,841 | €14,158 | -€683 | -4.6% |
| Taxes | 450/3 | €14,841 | €14,158 | -€683 | -4.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,194 | €10,290 | +€7,096 | +222.2% |
| Accrued charges and deferred income | 492/3 | - | €8,483 | +€8,483 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,400 | €17,526 | +€12,126 | +224.5% |
| Other operating charges | 640/8 | €1,876 | €2,360 | +€483 | +25.7% |
| Gross operating margin | 9900 | €115,500 | €77,868 | -€37,632 | -32.6% |
| Operating profit (loss) | 9901 | €108,223 | €57,982 | -€50,241 | -46.4% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €890 | €9,003 | +€8,113 | +911.6% |
| Recurring financial charges | 65 | €890 | €9,003 | +€8,113 | +911.6% |
| Profit (loss) for the period before taxes | 9903 | €107,333 | €48,979 | -€58,354 | -54.4% |
| Income taxes | 67/77 | €23,101 | €10,123 | -€12,978 | -56.2% |
| Profit (loss) for the period | 9904 | €84,232 | €38,857 | -€45,375 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,232 | €38,857 | -€45,375 | -53.9% |
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 11 October 2026 via checked.be.