The Rainbow Ranch: 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 Ranch
Largest movements
- Tangible fixed assets -€57,683
down €57,683 (-7.6%), from €761,897 to €704,213
of which Land and buildings: -€37,960
- Profit (loss) carried forward -€66,969
down €66,969 (-34.8%), from -€192,181 to -€259,150
- Debts after one year -€33,246
down €33,246 (-5.3%), from €623,853 to €590,607
- Other debts +€20,137
up €20,137 (+8.3%), from €243,681 to €263,817
- Current portion of long-term debt +€12,906
up €12,906 (+39.5%), from €32,640 to €45,547
- Gross operating margin -€20,346
down €20,346 (-59.3%), from €34,290 to €13,944
- Depreciation +€12,244
up €12,244 (+22.2%), from €55,140 to €67,385
- Financial charges +€3,764
up €3,764 (+40.9%), from €9,200 to €12,964
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 | €775,727 | €708,163 | -€67,565 | -8.7% |
| Formation expenses | 20 | €2,617 | €2,249 | -€368 | -14.1% |
| Fixed assets | 21/28 | €763,145 | €704,629 | -€58,517 | -7.7% |
| Intangible fixed assets | 21 | €1,231 | €397 | -€833 | -67.7% |
| Tangible fixed assets | 22/27 | €761,897 | €704,213 | -€57,683 | -7.6% |
| Land and buildings | 22 | €653,326 | €615,366 | -€37,960 | -5.8% |
| Plant, machinery and equipment | 23 | €92,469 | €76,495 | -€15,974 | -17.3% |
| Furniture and vehicles | 24 | €16,102 | €12,352 | -€3,750 | -23.3% |
| Financial fixed assets | 28 | €18 | €18 | = | 0.0% |
| Current assets | 29/58 | €9,965 | €1,285 | -€8,680 | -87.1% |
| Amounts receivable within one year | 40/41 | €5,404 | €1,019 | -€4,385 | -81.1% |
| Trade receivables | 40 | €2,884 | €510 | -€2,373 | -82.3% |
| Other amounts receivable | 41 | €2,520 | €508 | -€2,012 | -79.8% |
| Cash at bank and in hand | 54/58 | €4,561 | €266 | -€4,295 | -94.2% |
| Total equity and liabilities | 10/49 | €775,727 | €708,163 | -€67,565 | -8.7% |
| Equity | 10/15 | -€142,181 | -€209,150 | -€66,969 | -47.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,181 | -€259,150 | -€66,969 | -34.8% |
| Amounts payable | 17/49 | €917,908 | €917,313 | -€596 | -0.1% |
| Amounts payable after more than one year | 17 | €623,853 | €590,607 | -€33,246 | -5.3% |
| Financial debts | 170/4 | €623,853 | €590,607 | -€33,246 | -5.3% |
| Amounts payable within one year | 42/48 | €294,055 | €326,706 | +€32,650 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €32,640 | €45,547 | +€12,906 | +39.5% |
| Trade debts | 44 | €16,669 | €15,049 | -€1,620 | -9.7% |
| Suppliers | 440/4 | €16,669 | €15,049 | -€1,620 | -9.7% |
| Advances received on contracts in progress | 46 | €1,066 | €1,066 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €1,227 | +€1,227 | |
| Taxes | 450/3 | - | €1,227 | +€1,227 | |
| Other amounts payable | 47/48 | €243,681 | €263,817 | +€20,137 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,140 | €67,385 | +€12,244 | +22.2% |
| Other operating charges | 640/8 | €575 | €688 | +€113 | +19.7% |
| Gross operating margin | 9900 | €34,290 | €13,944 | -€20,346 | -59.3% |
| Operating profit (loss) | 9901 | -€21,425 | -€54,129 | -€32,703 | -153% |
| Financial income | 75/76B | €0 | €123 | +€123 | +411,433% |
| Recurring financial income | 75 | €0 | €123 | +€123 | +411,433% |
| Financial charges | 65/66B | €9,200 | €12,964 | +€3,764 | +40.9% |
| Recurring financial charges | 65 | €9,200 | €12,964 | +€3,764 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,626 | -€66,969 | -€36,344 | -119% |
| Profit (loss) for the period | 9904 | -€30,626 | -€66,969 | -€36,344 | -119% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,626 | -€66,969 | -€36,344 | -119% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.