CAPITAL 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.
CAPITAL RENT
Largest movements
- Cash +€43,474
up €43,474 (+44.1%), from €98,526 to €142,000
mainly Net result for the year (+€60,260) and Receivables within one year (+€12,245)
- Receivables within one year -€12,245
down €12,245 (-9.3%), from €132,376 to €120,130
of which Trade receivables: -€7,807
- Tangible fixed assets -€11,329
down €11,329 (-6.6%), from €171,548 to €160,219
of which Furniture and vehicles: -€6,375
- Reserves +€60,260
up €60,260 (+69.6%), from €86,550 to €146,809
- Trade debts -€27,231
down €27,231 (-76.1%), from €35,764 to €8,533
- Debts after one year -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Staff costs +€18,128
up €18,128 (+30.8%), from €58,828 to €76,956
- Gross operating margin -€17,413
down €17,413 (-8.6%), from €201,389 to €183,975
- Taxes -€11,550
down €11,550 (-27.9%), from €41,367 to €29,817
- Depreciation +€6,027
up €6,027 (+114%), from €5,302 to €11,329
- Other operating charges +€3,149
up €3,149 (+612%), from €514 to €3,663
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 | €406,768 | €424,004 | +€17,235 | +4.2% |
| Fixed assets | 21/28 | €171,678 | €160,349 | -€11,329 | -6.6% |
| Tangible fixed assets | 22/27 | €171,548 | €160,219 | -€11,329 | -6.6% |
| Land and buildings | 22 | €145,388 | €141,145 | -€4,242 | -2.9% |
| Plant, machinery and equipment | 23 | €1,008 | €297 | -€712 | -70.6% |
| Furniture and vehicles | 24 | €25,152 | €18,777 | -€6,375 | -25.3% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €235,090 | €263,655 | +€28,565 | +12.2% |
| Amounts receivable within one year | 40/41 | €132,376 | €120,130 | -€12,245 | -9.3% |
| Trade receivables | 40 | €127,547 | €119,740 | -€7,807 | -6.1% |
| Other amounts receivable | 41 | €4,829 | €390 | -€4,438 | -91.9% |
| Cash at bank and in hand | 54/58 | €98,526 | €142,000 | +€43,474 | +44.1% |
| Deferred charges and accrued income | 490/1 | €4,189 | €1,525 | -€2,664 | -63.6% |
| Total equity and liabilities | 10/49 | €406,768 | €424,004 | +€17,235 | +4.2% |
| Equity | 10/15 | €273,525 | €333,785 | +€60,260 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,550 | €146,809 | +€60,260 | +69.6% |
| Distributable reserves | 133 | €86,550 | €146,809 | +€60,260 | +69.6% |
| Profit (loss) carried forward | 14 | €180,776 | €180,776 | = | 0.0% |
| Amounts payable | 17/49 | €133,243 | €90,219 | -€43,024 | -32.3% |
| Amounts payable after more than one year | 17 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Financial debts | 170/4 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Amounts payable within one year | 42/48 | €93,243 | €70,219 | -€23,024 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €35,764 | €8,533 | -€27,231 | -76.1% |
| Suppliers | 440/4 | €35,764 | €8,533 | -€27,231 | -76.1% |
| Taxes, remuneration and social security | 45 | €33,325 | €33,296 | -€29 | -0.1% |
| Taxes | 450/3 | €26,769 | €22,550 | -€4,219 | -15.8% |
| Remuneration and social security | 454/9 | €6,556 | €10,746 | +€4,189 | +63.9% |
| Other amounts payable | 47/48 | €4,154 | €8,390 | +€4,236 | +102% |
| Remuneration, social security and pensions | 62 | €58,828 | €76,956 | +€18,128 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,302 | €11,329 | +€6,027 | +114% |
| Other operating charges | 640/8 | €514 | €3,663 | +€3,149 | +612% |
| Non-recurring operating charges | 66A | €8,474 | - | -€8,474 | |
| Gross operating margin | 9900 | €201,389 | €183,975 | -€17,413 | -8.6% |
| Operating profit (loss) | 9901 | €128,270 | €92,027 | -€36,243 | -28.3% |
| Financial income | 75/76B | €51 | €3 | -€48 | -94.1% |
| Recurring financial income | 75 | €51 | €3 | -€48 | -94.1% |
| Financial charges | 65/66B | €2,265 | €1,954 | -€312 | -13.8% |
| Recurring financial charges | 65 | €2,265 | €1,954 | -€312 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €126,056 | €90,077 | -€35,980 | -28.5% |
| Income taxes | 67/77 | €41,367 | €29,817 | -€11,550 | -27.9% |
| Profit (loss) for the period | 9904 | €84,690 | €60,260 | -€24,430 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,690 | €60,260 | -€24,430 | -28.8% |
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 29 October 2026 via checked.be.