The Rainbow Group: 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.
The Rainbow Group
Largest movements
- Tangible fixed assets +€79,178
up €79,178 (+32.0%), from €247,118 to €326,296
of which Land and buildings: +€90,695
- Cash -€4,679
down €4,679 (-76.3%), from €6,136 to €1,457
mainly Investment in fixed assets (net) (-€120,300) and Net result for the year (-€31,370)
- Other debts +€126,421
up €126,421 (+57.8%), from €218,790 to €345,210
- Profit (loss) carried forward -€31,370
down €31,370 (-18.3%), from -€171,105 to -€202,475
- Debts after one year -€17,357
down €17,357 (-9.7%), from €179,099 to €161,742
of which Financial debts: -€18,657
- Trade debts -€7,455
down €7,455 (-96.9%), from €7,694 to €239
- Depreciation +€14,860
up €14,860 (+56.4%), from €26,362 to €41,222
- Gross operating margin +€7,962
up €7,962 (+44.2%), from €18,004 to €25,965
- Other operating charges +€6,025
up €6,025 (+124%), from €4,868 to €10,894
- Financial charges -€864
down €864 (-15.5%), from €5,579 to €4,714
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 | €259,222 | €331,611 | +€72,389 | +27.9% |
| Fixed assets | 21/28 | €247,218 | €326,296 | +€79,078 | +32.0% |
| Tangible fixed assets | 22/27 | €247,118 | €326,296 | +€79,178 | +32.0% |
| Land and buildings | 22 | €197,967 | €288,662 | +€90,695 | +45.8% |
| Plant, machinery and equipment | 23 | €15,199 | €13,053 | -€2,146 | -14.1% |
| Furniture and vehicles | 24 | €33,951 | €24,580 | -€9,371 | -27.6% |
| Financial fixed assets | 28 | €100 | €0 | -€100 | -100% |
| Current assets | 29/58 | €12,004 | €5,315 | -€6,689 | -55.7% |
| Amounts receivable within one year | 40/41 | €2,278 | €41 | -€2,238 | -98.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,278 | €41 | -€2,238 | -98.2% |
| Cash at bank and in hand | 54/58 | €6,136 | €1,457 | -€4,679 | -76.3% |
| Deferred charges and accrued income | 490/1 | €3,590 | €3,818 | +€227 | +6.3% |
| Total equity and liabilities | 10/49 | €259,222 | €331,611 | +€72,389 | +27.9% |
| Equity | 10/15 | -€164,905 | -€196,275 | -€31,370 | -19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,105 | -€202,475 | -€31,370 | -18.3% |
| Amounts payable | 17/49 | €424,127 | €527,886 | +€103,759 | +24.5% |
| Amounts payable after more than one year | 17 | €179,099 | €161,742 | -€17,357 | -9.7% |
| Financial debts | 170/4 | €179,099 | €160,442 | -€18,657 | -10.4% |
| Other amounts payable | 178/9 | - | €1,300 | +€1,300 | |
| Amounts payable within one year | 42/48 | €245,029 | €366,145 | +€121,116 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €18,176 | €20,190 | +€2,014 | +11.1% |
| Trade debts | 44 | €7,694 | €239 | -€7,455 | -96.9% |
| Suppliers | 440/4 | €7,694 | €239 | -€7,455 | -96.9% |
| Taxes, remuneration and social security | 45 | €369 | €505 | +€136 | +36.8% |
| Taxes | 450/3 | €369 | €505 | +€136 | +36.8% |
| Other amounts payable | 47/48 | €218,790 | €345,210 | +€126,421 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,362 | €41,222 | +€14,860 | +56.4% |
| Other operating charges | 640/8 | €4,868 | €10,894 | +€6,025 | +124% |
| Gross operating margin | 9900 | €18,004 | €25,965 | +€7,962 | +44.2% |
| Operating profit (loss) | 9901 | -€13,226 | -€26,150 | -€12,924 | -97.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,579 | €4,714 | -€864 | -15.5% |
| Recurring financial charges | 65 | €5,579 | €4,714 | -€864 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,805 | -€30,865 | -€12,060 | -64.1% |
| Income taxes | 67/77 | €369 | €505 | +€136 | +36.8% |
| Profit (loss) for the period | 9904 | -€19,174 | -€31,370 | -€12,195 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,174 | -€31,370 | -€12,195 | -63.6% |
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 30 October 2026 via checked.be.