4U-RENTING: 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.
4U-RENTING
Largest movements
- Tangible fixed assets +€191,050
up €191,050 (+10.3%), from €1.9m to €2.0m
of which Furniture and vehicles: +€136,699
- Receivables after one year -€168,151
down €168,151 (-21.0%), from €800,000 to €631,849
- Current investments +€145,181
up €145,181 (+58.3%), from €248,903 to €394,084
- Cash +€58,079
up €58,079 (+22.7%), from €255,951 to €314,030
mainly Net result for the year (+€775,341) and Depreciation (+€506,977)
- Reserves +€598,340
up €598,340 (+20.4%), from €2.9m to €3.5m
of which Distributable reserves: +€421,520
- Trade debts -€204,312
down €204,312 (-62.6%), from €326,447 to €122,135
- Current portion of long-term debt -€140,000
down €140,000 (-100%), from €140,000 to €0
- Other debts -€65,155
down €65,155 (-100%), from €65,155 to €0
- Gross operating margin +€192,711
up €192,711 (+13.1%), from €1.5m to €1.7m
- Depreciation +€100,736
up €100,736 (+24.8%), from €406,240 to €506,977
- Other operating charges -€61,390
down €61,390 (-78.2%), from €78,474 to €17,084
- Taxes +€60,390
up €60,390 (+24.5%), from €246,475 to €306,865
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 | €3,528,628 | €3,729,088 | +€200,460 | +5.7% |
| Fixed assets | 21/28 | €1,851,753 | €2,042,803 | +€191,050 | +10.3% |
| Tangible fixed assets | 22/27 | €1,850,748 | €2,041,798 | +€191,050 | +10.3% |
| Land and buildings | 22 | €280,993 | €258,035 | -€22,958 | -8.2% |
| Plant, machinery and equipment | 23 | €1,528,496 | €1,605,806 | +€77,310 | +5.1% |
| Furniture and vehicles | 24 | €41,259 | €177,957 | +€136,699 | +331% |
| Financial fixed assets | 28 | €1,005 | €1,005 | = | 0.0% |
| Current assets | 29/58 | €1,676,875 | €1,686,285 | +€9,410 | +0.6% |
| Amounts receivable after more than one year | 29 | €800,000 | €631,849 | -€168,151 | -21.0% |
| Other amounts receivable | 291 | €800,000 | €631,849 | -€168,151 | -21.0% |
| Amounts receivable within one year | 40/41 | €347,282 | €316,321 | -€30,961 | -8.9% |
| Trade receivables | 40 | €309,421 | €271,723 | -€37,698 | -12.2% |
| Other amounts receivable | 41 | €37,860 | €44,598 | +€6,737 | +17.8% |
| Current investments | 50/53 | €248,903 | €394,084 | +€145,181 | +58.3% |
| Cash at bank and in hand | 54/58 | €255,951 | €314,030 | +€58,079 | +22.7% |
| Deferred charges and accrued income | 490/1 | €24,739 | €30,001 | +€5,262 | +21.3% |
| Total equity and liabilities | 10/49 | €3,528,628 | €3,729,088 | +€200,460 | +5.7% |
| Equity | 10/15 | €2,954,751 | €3,553,091 | +€598,340 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,936,151 | €3,534,491 | +€598,340 | +20.4% |
| Tax-exempt reserves | 132 | €577,900 | €754,720 | +€176,820 | +30.6% |
| Distributable reserves | 133 | €2,358,251 | €2,779,771 | +€421,520 | +17.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €573,877 | €175,997 | -€397,880 | -69.3% |
| Amounts payable within one year | 42/48 | €573,877 | €175,997 | -€397,880 | -69.3% |
| Current portion of amounts payable after more than one year | 42 | €140,000 | €0 | -€140,000 | -100% |
| Trade debts | 44 | €326,447 | €122,135 | -€204,312 | -62.6% |
| Suppliers | 440/4 | €326,447 | €122,135 | -€204,312 | -62.6% |
| Taxes, remuneration and social security | 45 | €42,274 | €53,862 | +€11,588 | +27.4% |
| Taxes | 450/3 | €29,097 | €40,435 | +€11,339 | +39.0% |
| Remuneration and social security | 454/9 | €13,177 | €13,427 | +€249 | +1.9% |
| Other amounts payable | 47/48 | €65,155 | €0 | -€65,155 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €91,715 | €97,560 | +€5,844 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406,240 | €506,977 | +€100,736 | +24.8% |
| Other operating charges | 640/8 | €78,474 | €17,084 | -€61,390 | -78.2% |
| Gross operating margin | 9900 | €1,476,700 | €1,669,411 | +€192,711 | +13.1% |
| Operating profit (loss) | 9901 | €900,270 | €1,047,791 | +€147,521 | +16.4% |
| Financial income | 75/76B | €40,284 | €48,590 | +€8,306 | +20.6% |
| Recurring financial income | 75 | €40,284 | €48,590 | +€8,306 | +20.6% |
| Financial charges | 65/66B | €8,651 | €14,175 | +€5,524 | +63.9% |
| Recurring financial charges | 65 | €8,651 | €14,175 | +€5,524 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €931,903 | €1,082,206 | +€150,302 | +16.1% |
| Income taxes | 67/77 | €246,475 | €306,865 | +€60,390 | +24.5% |
| Profit (loss) for the period | 9904 | €685,428 | €775,341 | +€89,913 | +13.1% |
| Transfer from tax-exempt reserves | 789 | €0 | €75,780 | +€75,780 | |
| Transfer to tax-exempt reserves | 689 | €143,140 | €252,600 | +€109,460 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €542,288 | €598,521 | +€56,233 | +10.4% |
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 31 October 2026 via checked.be.