4 RENT: 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.
What changed
4 RENT
NACE 77.320, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,776
2024 · -€36,943+€45,719
Equity
€966,681
2024 · €957,905+€8,776
Cash
€169,983
2024 · €198,557-€28,574
Balance sheet total
€6.6m
2024 · €8.6m-€2.0m
Largest movements
Assets
- Tangible fixed assets -€1.9m
down €1.9m (-26.8%), from €7.2m to €5.3m
of which Leasing and similar rights: -€1.4m
Equity and liabilities
- Debts after one year -€1.7m
down €1.7m (-38.4%), from €4.5m to €2.8m
- Other debts +€392,760
up €392,760 (+815%), from €48,171 to €440,931
- Trade debts -€386,961
down €386,961 (-53.0%), from €730,242 to €343,281
- Current portion of long-term debt -€244,852
down €244,852 (-11.9%), from €2.1m to €1.8m
- Short-term financial debts -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
Income statement
- Depreciation -€41,763
down €41,763 (-2.1%), from €2.0m to €1.9m
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
-€36,943
Gross operating margin
-€3,920
Depreciation
+€41,763
Write-downs
-€9,063
Other operating charges
+€15,234
Financial income
-€2,290
Financial charges
+€4,118
Taxes
-€123
Result 2025
€8,776
raises the resultlowers the result
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.
From operations
+€2.1m
Investment
-€7,326
Financing
-€2.1m
Cash 2024
€198,557
From operations (derived)
+€2.1m
Net result for the year
+€8,776
Depreciation
+€1.9m
Smaller working-capital items
-€1,642
Receivables within one year
+€74,448
Deferred charges and accrued income
+€7,636
Trade debts
-€386,961
Tax, wage and social debts
+€22,474
Other debts
+€392,760
Investment (derived)
-€7,326
Investment in fixed assets (net)
-€7,326
Financing
-€2.1m
Debts after one year
-€1.7m
Current portion of long-term debt
-€244,852
Short-term financial debts
-€100,000
Cash 2025
€169,983
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,648,334 | €6,599,094 | -€2.0m | -23.7% |
| Fixed assets | 21/28 | €7,229,671 | €5,290,676 | -€1.9m | -26.8% |
| Tangible fixed assets | 22/27 | €7,229,671 | €5,290,676 | -€1.9m | -26.8% |
| Plant, machinery and equipment | 23 | €1,024,732 | €556,481 | -€468,251 | -45.7% |
| Furniture and vehicles | 24 | €276,423 | €220,630 | -€55,793 | -20.2% |
| Leasing and similar rights | 25 | €5,763,038 | €4,368,144 | -€1.4m | -24.2% |
| Other tangible fixed assets | 26 | €165,478 | €145,422 | -€20,057 | -12.1% |
| Current assets | 29/58 | €1,418,663 | €1,308,418 | -€110,245 | -7.8% |
| Stocks and contracts in progress | 3 | €1,000 | €1,414 | +€414 | +41.4% |
| Stocks | 30/36 | €1,000 | €1,414 | +€414 | +41.4% |
| Amounts receivable within one year | 40/41 | €1,065,358 | €990,910 | -€74,448 | -7.0% |
| Trade receivables | 40 | €1,061,968 | €990,910 | -€71,059 | -6.7% |
| Other amounts receivable | 41 | €3,390 | €0 | -€3,390 | -100% |
| Cash at bank and in hand | 54/58 | €198,557 | €169,983 | -€28,574 | -14.4% |
| Deferred charges and accrued income | 490/1 | €153,747 | €146,111 | -€7,636 | -5.0% |
| Total equity and liabilities | 10/49 | €8,648,334 | €6,599,094 | -€2.0m | -23.7% |
| Equity | 10/15 | €957,905 | €966,681 | +€8,776 | +0.9% |
| Contributions | 10/11 | €27,971 | €27,971 | = | 0.0% |
| Reserves | 13 | €2,797 | €2,797 | = | 0.0% |
| Distributable reserves | 133 | €2,797 | €2,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | €927,137 | €935,913 | +€8,776 | +0.9% |
| Amounts payable | 17/49 | €7,690,429 | €5,632,412 | -€2.1m | -26.8% |
| Amounts payable after more than one year | 17 | €4,529,628 | €2,789,419 | -€1.7m | -38.4% |
| Financial debts | 170/4 | €4,529,628 | €2,789,419 | -€1.7m | -38.4% |
| Amounts payable within one year | 42/48 | €3,159,572 | €2,842,994 | -€316,579 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €2,065,766 | €1,820,914 | -€244,852 | -11.9% |
| Financial debts | 43 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Credit institutions | 430/8 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Trade debts | 44 | €730,242 | €343,281 | -€386,961 | -53.0% |
| Suppliers | 440/4 | €730,242 | €343,281 | -€386,961 | -53.0% |
| Taxes, remuneration and social security | 45 | €15,393 | €37,867 | +€22,474 | +146% |
| Taxes | 450/3 | €15,393 | €37,867 | +€22,474 | +146% |
| Other amounts payable | 47/48 | €48,171 | €440,931 | +€392,760 | +815% |
| Accrued charges and deferred income | 492/3 | €1,228 | €0 | -€1,228 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,988,085 | €1,946,321 | -€41,763 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,063 | €0 | +€9,063 | |
| Other operating charges | 640/8 | €34,719 | €19,485 | -€15,234 | -43.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,257,634 | €2,253,714 | -€3,920 | -0.2% |
| Operating profit (loss) | 9901 | €243,893 | €287,908 | +€44,014 | +18.0% |
| Financial income | 75/76B | €8,164 | €5,874 | -€2,290 | -28.1% |
| Recurring financial income | 75 | €8,164 | €5,874 | -€2,290 | -28.1% |
| Financial charges | 65/66B | €270,486 | €266,368 | -€4,118 | -1.5% |
| Recurring financial charges | 65 | €270,486 | €266,368 | -€4,118 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,429 | €27,414 | +€45,843 | |
| Income taxes | 67/77 | €18,514 | €18,637 | +€123 | +0.7% |
| Profit (loss) for the period | 9904 | -€36,943 | €8,776 | +€45,719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,943 | €8,776 | +€45,719 |
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 21 October 2026 via checked.be.