CFO 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.
CFO RENT
Largest movements
- Deferred charges and accrued income +€237,076
up €237,076 (+781%), from €30,367 to €267,443
- Receivables within one year +€88,330
up €88,330 (+10.5%), from €842,017 to €930,347
of which Trade receivables: +€80,057
- Cash +€27,610
up €27,610 (+11.2%), from €246,765 to €274,375
mainly Debts after one year (+€134,274) and Tax, wage and social debts (+€110,395)
- Intangible fixed assets +€17,452
up €17,452 (+2,237%), from €780 to €18,232
- Debts after one year +€134,274
new in 2025: €134,274
- Tax, wage and social debts +€110,395
up €110,395 (+61.9%), from €178,299 to €288,695
of which Remuneration and social security: +€66,221
- Profit (loss) carried forward +€81,752
up €81,752 (+35.8%), from €228,192 to €309,944
- Current portion of long-term debt +€29,211
up €29,211 (+134%), from €21,733 to €50,944
- Trade debts +€21,889
up €21,889 (+3.3%), from €670,417 to €692,307
- Staff costs +€258,915
up €258,915 (+27.3%), from €947,213 to €1.2m
- Write-downs -€226,026
down €226,026, from €155,591 to -€70,435
- Gross operating margin +€64,472
up €64,472 (+5.1%), from €1.3m to €1.3m
- Other operating charges -€22,025
down €22,025 (-78.1%), from €28,207 to €6,182
- Taxes +€17,112
up €17,112 (+46.4%), from €36,888 to €54,000
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 | €1,166,266 | €1,538,780 | +€372,514 | +31.9% |
| Fixed assets | 21/28 | €47,117 | €66,615 | +€19,498 | +41.4% |
| Intangible fixed assets | 21 | €780 | €18,232 | +€17,452 | +2,237% |
| Tangible fixed assets | 22/27 | €46,337 | €48,383 | +€2,047 | +4.4% |
| Plant, machinery and equipment | 23 | €7,484 | €14,611 | +€7,127 | +95.2% |
| Furniture and vehicles | 24 | €11,682 | €8,557 | -€3,125 | -26.8% |
| Other tangible fixed assets | 26 | €27,170 | €25,216 | -€1,955 | -7.2% |
| Current assets | 29/58 | €1,119,149 | €1,472,165 | +€353,016 | +31.5% |
| Amounts receivable within one year | 40/41 | €842,017 | €930,347 | +€88,330 | +10.5% |
| Trade receivables | 40 | €842,017 | €922,074 | +€80,057 | +9.5% |
| Other amounts receivable | 41 | - | €8,273 | +€8,273 | |
| Cash at bank and in hand | 54/58 | €246,765 | €274,375 | +€27,610 | +11.2% |
| Deferred charges and accrued income | 490/1 | €30,367 | €267,443 | +€237,076 | +781% |
| Total equity and liabilities | 10/49 | €1,166,266 | €1,538,780 | +€372,514 | +31.9% |
| Equity | 10/15 | €248,192 | €329,944 | +€81,752 | +32.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,192 | €309,944 | +€81,752 | +35.8% |
| Amounts payable | 17/49 | €918,074 | €1,208,835 | +€290,762 | +31.7% |
| Amounts payable after more than one year | 17 | - | €134,274 | +€134,274 | |
| Financial debts | 170/4 | - | €134,274 | +€134,274 | |
| Amounts payable within one year | 42/48 | €870,449 | €1,031,945 | +€161,496 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €21,733 | €50,944 | +€29,211 | +134% |
| Trade debts | 44 | €670,417 | €692,307 | +€21,889 | +3.3% |
| Suppliers | 440/4 | €670,417 | €692,307 | +€21,889 | +3.3% |
| Taxes, remuneration and social security | 45 | €178,299 | €288,695 | +€110,395 | +61.9% |
| Taxes | 450/3 | €55,301 | €99,475 | +€44,174 | +79.9% |
| Remuneration and social security | 454/9 | €122,999 | €189,220 | +€66,221 | +53.8% |
| Accrued charges and deferred income | 492/3 | €47,624 | €42,616 | -€5,009 | -10.5% |
| Remuneration, social security and pensions | 62 | €947,213 | €1,206,128 | +€258,915 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,289 | €10,582 | +€4,293 | +68.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €155,591 | -€70,435 | -€226,026 | |
| Other operating charges | 640/8 | €28,207 | €6,182 | -€22,025 | -78.1% |
| Gross operating margin | 9900 | €1,253,145 | €1,317,617 | +€64,472 | +5.1% |
| Operating profit (loss) | 9901 | €115,846 | €165,160 | +€49,314 | +42.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -80.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -80.3% |
| Financial charges | 65/66B | €16,522 | €29,408 | +€12,886 | +78.0% |
| Recurring financial charges | 65 | €16,522 | €29,408 | +€12,886 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | €99,325 | €135,752 | +€36,427 | +36.7% |
| Income taxes | 67/77 | €36,888 | €54,000 | +€17,112 | +46.4% |
| Profit (loss) for the period | 9904 | €62,437 | €81,752 | +€19,315 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,437 | €81,752 | +€19,315 | +30.9% |
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 23 October 2026 via checked.be.