RAINCODE: 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.
What changed
RAINCODE
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€306,361
2024 · -€724,285+€417,923
Equity
€3.4m
2024 · €3.7m-€293,967
Cash
€2.0m
2024 · €867,751+€1.1m
Balance sheet total
€6.7m
2024 · €6.8m-€103,207
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+129.8%), from €867,751 to €2.0m
mainly Receivables within one year (+€886,298) and Depreciation (+€574,355)
- Receivables within one year -€886,298
down €886,298 (-52.9%), from €1.7m to €790,542
of which Trade receivables: -€593,704
- Intangible fixed assets -€379,095
down €379,095 (-40.7%), from €932,351 to €553,256
- Current investments +€248,544
new in 2025: €248,544
- Tangible fixed assets -€184,221
down €184,221 (-6.8%), from €2.7m to €2.5m
of which Other tangible fixed assets: -€98,496
Equity and liabilities
- Profit (loss) carried forward -€552,312
down €552,312 (-15.1%), from €3.7m to €3.1m
- Reserves +€245,951
up €245,951 (+480.9%), from €51,145 to €297,095
of which Non-distributable reserves: +€248,544
- Other debts +€152,711
up €152,711 (+237.5%), from €64,297 to €217,008
- Accrued charges and deferred income +€150,167
up €150,167 (+13.4%), from €1.1m to €1.3m
- Debts after one year -€124,350
down €124,350 (-10.3%), from €1.2m to €1.1m
Income statement
- Turnover +€596,748
up €596,748 (+18.7%), from €3.2m to €3.8m
- Services and other goods -€209,879
down €209,879 (-11.1%), from €1.9m to €1.7m
- Other operating income -€157,017
down €157,017 (-19.6%), from €803,080 to €646,063
- Financial charges +€141,782
up €141,782 (+239.3%), from €59,243 to €201,025
of which Financial charges: +€93,907
- Write-downs +€67,776
new in 2025: €67,776
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.
Result 2024
-€724,285
Turnover
+€596,748
Other operating income
-€157,017
Goods and materials
-€2,056
Services and other goods
+€209,879
Staff costs
-€10,042
Depreciation
+€7,949
Write-downs
-€67,776
Other operating charges
-€25,905
Financial income
+€6,913
Financial charges
-€141,782
Taxes
+€1,012
Result 2025
-€306,361
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.
From operations
+€1.4m
Investment
-€208,485
Financing
-€109,844
Cash 2024
€867,751
From operations (derived)
+€1.4m
Net result for the year
-€306,361
Depreciation
+€574,355
Receivables after one year
+€25,000
Receivables within one year
+€886,298
Deferred charges and accrued income
-€47,293
Smaller working-capital items
-€731
Tax, wage and social debts
+€10,851
Other debts
+€152,711
Accrued charges and deferred income
+€150,167
Investment (derived)
-€208,485
Investment in fixed assets (net)
+€40,059
Current investments
-€248,544
Financing
-€109,844
Debts after one year
-€124,350
Current portion of long-term debt
+€2,112
Contributions, distributions and other
+€12,395
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,768,440 | €6,665,233 | -€103,207 | -1.5% |
| Fixed assets | 21/28 | €4,020,551 | €3,406,137 | -€614,414 | -15.3% |
| Intangible fixed assets | 21 | €932,351 | €553,256 | -€379,095 | -40.7% |
| Tangible fixed assets | 22/27 | €2,696,548 | €2,512,328 | -€184,221 | -6.8% |
| Land and buildings | 22 | €2,433,959 | €2,357,769 | -€76,190 | -3.1% |
| Plant, machinery and equipment | 23 | €1,174 | €157 | -€1,018 | -86.7% |
| Furniture and vehicles | 24 | €34,210 | €25,692 | -€8,518 | -24.9% |
| Other tangible fixed assets | 26 | €227,205 | €128,710 | -€98,496 | -43.4% |
| Financial fixed assets | 28 | €391,652 | €340,553 | -€51,099 | -13.0% |
| Affiliated companies | 280/1 | €391,022 | €339,923 | -€51,099 | -13.1% |
| Participating interests | 280 | €391,022 | €339,923 | -€51,099 | -13.1% |
| Other financial fixed assets | 284/8 | €630 | €630 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €2,747,889 | €3,259,096 | +€511,207 | +18.6% |
| Amounts receivable after more than one year | 29 | €175,000 | €150,000 | -€25,000 | -14.3% |
| Other amounts receivable | 291 | €175,000 | €150,000 | -€25,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €1,676,840 | €790,542 | -€886,298 | -52.9% |
| Trade receivables | 40 | €1,322,458 | €728,754 | -€593,704 | -44.9% |
| Other amounts receivable | 41 | €354,382 | €61,788 | -€292,594 | -82.6% |
| Current investments | 50/53 | - | €248,544 | +€248,544 | |
| Own shares | 50 | - | €248,544 | +€248,544 | |
| Cash at bank and in hand | 54/58 | €867,751 | €1,994,419 | +€1.1m | +129.8% |
| Deferred charges and accrued income | 490/1 | €28,298 | €75,591 | +€47,293 | +167.1% |
| Total equity and liabilities | 10/49 | €6,768,440 | €6,665,233 | -€103,207 | -1.5% |
| Equity | 10/15 | €3,728,156 | €3,434,190 | -€293,967 | -7.9% |
| Contributions | 10/11 | €23,626 | €36,020 | +€12,395 | +52.5% |
| Reserves | 13 | €51,145 | €297,095 | +€245,951 | +480.9% |
| Non-distributable reserves | 130/1 | €3,603 | €252,147 | +€248,544 | +6898.2% |
| Reserves not available under the articles | 1311 | €3,603 | €3,603 | = | 0.0% |
| Own shares acquired | 1312 | - | €248,544 | +€248,544 | |
| Tax-exempt reserves | 132 | €47,542 | €44,948 | -€2,593 | -5.5% |
| Profit (loss) carried forward | 14 | €3,653,386 | €3,101,074 | -€552,312 | -15.1% |
| Provisions and deferred taxes | 16 | €24,480 | €23,145 | -€1,335 | -5.5% |
| Deferred taxes | 168 | €24,480 | €23,145 | -€1,335 | -5.5% |
| Amounts payable | 17/49 | €3,015,804 | €3,207,898 | +€192,095 | +6.4% |
| Amounts payable after more than one year | 17 | €1,209,073 | €1,084,723 | -€124,350 | -10.3% |
| Financial debts | 170/4 | €1,209,073 | €1,084,723 | -€124,350 | -10.3% |
| Credit institutions | 173 | €1,209,073 | €1,084,723 | -€124,350 | -10.3% |
| Amounts payable within one year | 42/48 | €686,130 | €852,409 | +€166,279 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €122,239 | €124,350 | +€2,112 | +1.7% |
| Trade debts | 44 | €273,034 | €273,639 | +€605 | +0.2% |
| Suppliers | 440/4 | €273,034 | €273,639 | +€605 | +0.2% |
| Taxes, remuneration and social security | 45 | €226,560 | €237,412 | +€10,851 | +4.8% |
| Taxes | 450/3 | €3,073 | €2,551 | -€522 | -17.0% |
| Remuneration and social security | 454/9 | €223,487 | €234,861 | +€11,373 | +5.1% |
| Other amounts payable | 47/48 | €64,297 | €217,008 | +€152,711 | +237.5% |
| Accrued charges and deferred income | 492/3 | €1,120,601 | €1,270,767 | +€150,167 | +13.4% |
| Operating income | 70/76A | €3,994,762 | €4,434,493 | +€439,731 | +11.0% |
| Turnover | 70 | €3,191,681 | €3,788,429 | +€596,748 | +18.7% |
| Other operating income | 74 | €803,080 | €646,063 | -€157,017 | -19.6% |
| Operating charges | 60/66A | €4,680,729 | €4,568,679 | -€112,050 | -2.4% |
| Goods for resale, raw materials and consumables | 60 | €3,978 | €6,034 | +€2,056 | +51.7% |
| Purchases | 600/8 | €3,978 | €6,034 | +€2,056 | +51.7% |
| Services and other goods | 61 | €1,898,582 | €1,688,702 | -€209,879 | -11.1% |
| Remuneration, social security and pensions | 62 | €2,166,256 | €2,176,298 | +€10,042 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582,304 | €574,355 | -€7,949 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €67,776 | +€67,776 | |
| Other operating charges | 640/8 | €29,609 | €55,515 | +€25,905 | +87.5% |
| Operating profit (loss) | 9901 | -€685,967 | -€134,187 | +€551,781 | +80.4% |
| Financial income | 75/76B | €22,626 | €29,539 | +€6,913 | +30.6% |
| Recurring financial income | 75 | €22,626 | €29,539 | +€6,913 | +30.6% |
| Income from financial fixed assets | 750 | €4,414 | €2,380 | -€2,034 | -46.1% |
| Income from current assets | 751 | €7,953 | €4,896 | -€3,057 | -38.4% |
| Other financial income | 752/9 | €10,259 | €22,263 | +€12,004 | +117.0% |
| Financial charges | 65/66B | €59,243 | €201,025 | +€141,782 | +239.3% |
| Recurring financial charges | 65 | €59,243 | €153,150 | +€93,907 | +158.5% |
| Debt charges | 650 | €51,552 | €36,969 | -€14,583 | -28.3% |
| Other financial charges | 652/9 | €7,691 | €116,181 | +€108,490 | +1410.6% |
| Non-recurring financial charges | 66B | - | €47,876 | +€47,876 | |
| Profit (loss) for the period before taxes | 9903 | -€722,584 | -€305,672 | +€416,912 | +57.7% |
| Transfer from deferred taxes | 780 | €1,335 | €1,335 | = | 0.0% |
| Income taxes | 67/77 | €3,036 | €2,024 | -€1,012 | -33.3% |
| Taxes | 670/3 | €3,036 | €2,572 | -€464 | -15.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €548 | +€548 | |
| Profit (loss) for the period | 9904 | -€724,285 | -€306,361 | +€417,923 | +57.7% |
| Transfer from tax-exempt reserves | 789 | €2,593 | €2,593 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€721,691 | -€303,768 | +€417,923 | +57.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.