RAINBOW PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year -€161,138
down €161,138 (-62.2%), from €259,120 to €97,982
of which Trade receivables: -€167,868
- Tangible fixed assets -€44,436
down €44,436 (-12.0%), from €369,616 to €325,180
of which Other tangible fixed assets: -€43,326
- Cash +€27,976
up €27,976 (+432%), from €6,475 to €34,451
mainly Receivables within one year (+€161,138) and Depreciation (+€48,864)
- Other debts -€171,543
down €171,543 (-73.4%), from €233,630 to €62,087
- Accrued charges and deferred income -€26,267
down €26,267 (-29.5%), from €88,892 to €62,625
- Tax, wage and social debts +€24,589
up €24,589 (+33.5%), from €73,432 to €98,021
of which Remuneration and social security: +€14,501
- Gross operating margin +€119,348
up €119,348 (+28.7%), from €416,449 to €535,797
- Staff costs +€110,742
up €110,742 (+31.0%), from €357,379 to €468,121
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 | €635,711 | €458,114 | -€177,597 | -27.9% |
| Fixed assets | 21/28 | €370,116 | €325,680 | -€44,436 | -12.0% |
| Tangible fixed assets | 22/27 | €369,616 | €325,180 | -€44,436 | -12.0% |
| Furniture and vehicles | 24 | €10,883 | €9,772 | -€1,110 | -10.2% |
| Other tangible fixed assets | 26 | €358,733 | €315,407 | -€43,326 | -12.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €265,595 | €132,434 | -€133,161 | -50.1% |
| Amounts receivable within one year | 40/41 | €259,120 | €97,982 | -€161,138 | -62.2% |
| Trade receivables | 40 | €259,028 | €91,160 | -€167,868 | -64.8% |
| Other amounts receivable | 41 | €92 | €6,822 | +€6,730 | +7,331% |
| Cash at bank and in hand | 54/58 | €6,475 | €34,451 | +€27,976 | +432% |
| Total equity and liabilities | 10/49 | €635,711 | €458,114 | -€177,597 | -27.9% |
| Equity | 10/15 | €48,448 | €48,711 | +€263 | +0.5% |
| Contributions | 10/11 | €62,342 | €62,342 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,754 | -€15,491 | +€263 | +1.7% |
| Amounts payable | 17/49 | €587,263 | €409,403 | -€177,860 | -30.3% |
| Amounts payable within one year | 42/48 | €498,372 | €346,778 | -€151,594 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €60,117 | €60,946 | +€829 | +1.4% |
| Trade debts | 44 | €131,193 | €125,724 | -€5,469 | -4.2% |
| Suppliers | 440/4 | €131,093 | €125,724 | -€5,369 | -4.1% |
| Bills of exchange payable | 441 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €73,432 | €98,021 | +€24,589 | +33.5% |
| Taxes | 450/3 | €46,250 | €56,339 | +€10,088 | +21.8% |
| Remuneration and social security | 454/9 | €27,181 | €41,682 | +€14,501 | +53.3% |
| Other amounts payable | 47/48 | €233,630 | €62,087 | -€171,543 | -73.4% |
| Accrued charges and deferred income | 492/3 | €88,892 | €62,625 | -€26,267 | -29.5% |
| Remuneration, social security and pensions | 62 | €357,379 | €468,121 | +€110,742 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,301 | €48,864 | -€437 | -0.9% |
| Other operating charges | 640/8 | €636 | €2,996 | +€2,360 | +371% |
| Non-recurring operating charges | 66A | €65 | - | -€65 | |
| Gross operating margin | 9900 | €416,449 | €535,797 | +€119,348 | +28.7% |
| Operating profit (loss) | 9901 | €9,067 | €15,815 | +€6,748 | +74.4% |
| Financial income | 75/76B | €4,200 | €0 | -€4,200 | -100.0% |
| Recurring financial income | 75 | €4,200 | €0 | -€4,200 | -100.0% |
| Financial charges | 65/66B | €3,349 | €4,995 | +€1,645 | +49.1% |
| Recurring financial charges | 65 | €3,349 | €4,995 | +€1,645 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €9,918 | €10,821 | +€903 | +9.1% |
| Income taxes | 67/77 | €2,287 | €4,558 | +€2,270 | +99.3% |
| Profit (loss) for the period | 9904 | €7,631 | €6,263 | -€1,368 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,631 | €6,263 | -€1,368 | -17.9% |
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 26 October 2026 via checked.be.