CAPITAL@RENT: what changed
What changed
CAPITAL@RENT
filed annual accounts (NBB)
Net result for the year
-€1.9m
2024 · €375,361-€2.3m
Equity
€4.4m
2024 · €6.3m-€1.9m
Cash
€39,754
2024 · €205,184-€165,430
Balance sheet total
€12.5m
2024 · €27.5m-€14.9m
Largest movements
Assets
- Receivables after one year -€14.4m
down €14.4m (-65.8%), from €21.8m to €7.5m
- Financial fixed assets -€317,523
down €317,523 (-6.8%), from €4.7m to €4.4m
of which Companies linked by participating interests: -€317,523
Equity and liabilities
- Debts after one year -€10.9m
down €10.9m (-58.7%), from €18.5m to €7.7m
- Profit (loss) carried forward -€1.9m
down €1.9m, from €51,047 to -€1.9m
- Provisions -€1.3m
down €1.3m (-100%), from €1.3m to €0
- Short-term financial debts -€1.0m
down €1.0m (-76.9%), from €1.3m to €300,000
Income statement
- Financial charges +€2.7m
up €2.7m (+181%), from €1.5m to €4.1m
- Provisions -€1.3m
new in 2025: -€1.3m
- Financial income -€887,285
down €887,285 (-47.1%), from €1.9m to €995,066
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€375,361
Provisions
+€1.3m
Other operating charges
-€33
Other operating items
+€20,016
Financial income
-€887,285
Financial charges
-€2.7m
Taxes
-€93,750
Result 2025
-€1.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€11.4m
Investment
+€317,523
Financing
-€11.9m
Cash 2024
€205,184
From operations (derived)
+€11.4m
Net result for the year
-€1.9m
Receivables after one year
+€14.4m
Receivables within one year
+€53,282
Smaller working-capital items
+€34,915
Provisions
-€1.3m
Other debts
+€187,500
Investment (derived)
+€317,523
Investment in fixed assets (net)
+€317,523
Financing
-€11.9m
Debts after one year
-€10.9m
Short-term financial debts
-€1.0m
Cash 2025
€39,754
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,457,064 | €12,534,421 | -€14.9m | -54.3% |
| Fixed assets | 21/28 | €4,703,815 | €4,386,293 | -€317,523 | -6.8% |
| Financial fixed assets | 28 | €4,703,815 | €4,386,293 | -€317,523 | -6.8% |
| Affiliated companies | 280/1 | €2,373,363 | €2,373,363 | = | 0.0% |
| Participating interests | 280 | €2,373,363 | €2,373,363 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €2,330,453 | €2,012,930 | -€317,523 | -13.6% |
| Participating interests | 282 | €2,330,453 | €2,012,930 | -€317,523 | -13.6% |
| Amounts receivable | 283 | €0 | - | = | |
| Current assets | 29/58 | €22,753,249 | €8,148,129 | -€14.6m | -64.2% |
| Amounts receivable after more than one year | 29 | €21,809,911 | €7,453,904 | -€14.4m | -65.8% |
| Other amounts receivable | 291 | €21,809,911 | €7,453,904 | -€14.4m | -65.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €211,622 | €158,340 | -€53,282 | -25.2% |
| Trade receivables | 40 | €102,999 | €40,992 | -€62,007 | -60.2% |
| Other amounts receivable | 41 | €108,623 | €117,348 | +€8,725 | +8.0% |
| Cash at bank and in hand | 54/58 | €205,184 | €39,754 | -€165,430 | -80.6% |
| Deferred charges and accrued income | 490/1 | €526,532 | €496,131 | -€30,401 | -5.8% |
| Total equity and liabilities | 10/49 | €27,457,064 | €12,534,421 | -€14.9m | -54.3% |
| Equity | 10/15 | €6,316,911 | €4,384,881 | -€1.9m | -30.6% |
| Contributions | 10/11 | €6,150,000 | €6,150,000 | = | 0.0% |
| Capital | 10 | €6,150,000 | €6,150,000 | = | 0.0% |
| Issued capital | 100 | €6,150,000 | €6,150,000 | = | 0.0% |
| Reserves | 13 | €115,864 | €115,864 | = | 0.0% |
| Non-distributable reserves | 130/1 | €115,864 | €115,864 | = | 0.0% |
| Legal reserve | 130 | €115,864 | €115,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,047 | -€1,880,982 | -€1.9m | |
| Provisions and deferred taxes | 16 | €1,324,100 | €0 | -€1.3m | -100% |
| Provisions for liabilities and charges | 160/5 | €1,324,100 | €0 | -€1.3m | -100% |
| Other liabilities and charges | 164/5 | €1,324,100 | €0 | -€1.3m | -100% |
| Amounts payable | 17/49 | €19,816,053 | €8,149,540 | -€11.7m | -58.9% |
| Amounts payable after more than one year | 17 | €18,508,526 | €7,650,000 | -€10.9m | -58.7% |
| Financial debts | 170/4 | €18,508,526 | €7,650,000 | -€10.9m | -58.7% |
| Other loans | 174 | €18,508,526 | €7,650,000 | -€10.9m | -58.7% |
| Amounts payable within one year | 42/48 | €1,301,687 | €487,611 | -€814,076 | -62.5% |
| Financial debts | 43 | €1,300,000 | €300,000 | -€1.0m | -76.9% |
| Credit institutions | 430/8 | €1,300,000 | €300,000 | -€1.0m | -76.9% |
| Trade debts | 44 | €1,687 | €111 | -€1,576 | -93.4% |
| Suppliers | 440/4 | €1,687 | €111 | -€1,576 | -93.4% |
| Other amounts payable | 47/48 | - | €187,500 | +€187,500 | |
| Accrued charges and deferred income | 492/3 | €5,840 | €11,930 | +€6,090 | +104% |
| Operating charges | 60/66A | €29,763 | -€1,314,320 | -€1.3m | |
| Services and other goods | 61 | €28,670 | €8,653 | -€20,016 | -69.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€1,324,100 | -€1.3m | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | -€29,763 | €1,314,320 | +€1.3m | |
| Financial income | 75/76B | €1,882,351 | €995,066 | -€887,285 | -47.1% |
| Recurring financial income | 75 | €1,882,351 | €995,066 | -€887,285 | -47.1% |
| Income from financial fixed assets | 750 | €73,120 | €448,092 | +€374,972 | +513% |
| Income from current assets | 751 | €286,442 | €177,080 | -€109,362 | -38.2% |
| Other financial income | 752/9 | €1,522,789 | €369,894 | -€1.2m | -75.7% |
| Financial charges | 65/66B | €1,477,227 | €4,147,666 | +€2.7m | +181% |
| Recurring financial charges | 65 | €1,477,227 | €4,147,666 | +€2.7m | +181% |
| Debt charges | 650 | €1,467,581 | €40,577 | -€1.4m | -97.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€3,634,197 | -€3.6m | |
| Other financial charges | 652/9 | €9,646 | €7,741,286 | +€7.7m | +80,153% |
| Profit (loss) for the period before taxes | 9903 | €375,361 | -€1,838,280 | -€2.2m | |
| Income taxes | 67/77 | €0 | €93,750 | +€93,750 | |
| Taxes | 670/3 | €0 | €93,750 | +€93,750 | |
| Profit (loss) for the period | 9904 | €375,361 | -€1,932,030 | -€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €375,361 | -€1,932,030 | -€2.3m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.