Declerck E. 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.
Declerck E. Rent
Largest movements
- Tangible fixed assets -€546,064
down €546,064 (-5.2%), from €10.5m to €10.0m
of which Furniture and vehicles: -€545,273
- Current investments +€500,422
new in 2025: €500,422
- Receivables within one year +€487,037
up €487,037 (+72.6%), from €670,622 to €1.2m
of which Other amounts receivable: +€476,575
- Cash +€375,696
up €375,696 (+51.1%), from €735,099 to €1.1m
mainly Depreciation (+€4.8m) and Net result for the year (+€1.5m)
- Profit (loss) carried forward +€1.0m
up €1.0m (+33.5%), from €3.1m to €4.1m
- Trade debts -€490,170
down €490,170 (-48.4%), from €1.0m to €522,189
- Reserves +€421,000
up €421,000 (+5,697%), from €7,390 to €428,390
of which Tax-exempt reserves: +€421,000
- Other debts -€165,612
down €165,612 (-2.2%), from €7.5m to €7.4m
- Gross operating margin -€614,803
down €614,803 (-7.8%), from €7.9m to €7.2m
- Taxes -€155,214
down €155,214 (-24.5%), from €632,348 to €477,134
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 | €11,938,702 | €12,757,810 | +€819,108 | +6.9% |
| Fixed assets | 21/28 | €10,532,980 | €9,986,916 | -€546,064 | -5.2% |
| Tangible fixed assets | 22/27 | €10,532,980 | €9,986,916 | -€546,064 | -5.2% |
| Plant, machinery and equipment | 23 | €2,590 | €1,799 | -€791 | -30.6% |
| Furniture and vehicles | 24 | €10,530,390 | €9,985,117 | -€545,273 | -5.2% |
| Current assets | 29/58 | €1,405,722 | €2,770,894 | +€1.4m | +97.1% |
| Amounts receivable within one year | 40/41 | €670,622 | €1,157,660 | +€487,037 | +72.6% |
| Trade receivables | 40 | €621,752 | €632,214 | +€10,462 | +1.7% |
| Other amounts receivable | 41 | €48,871 | €525,446 | +€476,575 | +975% |
| Current investments | 50/53 | - | €500,422 | +€500,422 | |
| Cash at bank and in hand | 54/58 | €735,099 | €1,110,795 | +€375,696 | +51.1% |
| Deferred charges and accrued income | 490/1 | - | €2,017 | +€2,017 | |
| Total equity and liabilities | 10/49 | €11,938,702 | €12,757,810 | +€819,108 | +6.9% |
| Equity | 10/15 | €3,151,856 | €4,604,259 | +€1.5m | +46.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €73,900 | €73,900 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,390 | €428,390 | +€421,000 | +5,697% |
| Non-distributable reserves | 130/1 | €7,390 | €7,390 | = | 0.0% |
| Legal reserve | 130 | €7,390 | €7,390 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €421,000 | +€421,000 | |
| Profit (loss) carried forward | 14 | €3,082,966 | €4,114,369 | +€1.0m | +33.5% |
| Amounts payable | 17/49 | €8,786,846 | €8,153,550 | -€633,296 | -7.2% |
| Amounts payable within one year | 42/48 | €8,671,110 | €8,001,733 | -€669,378 | -7.7% |
| Trade debts | 44 | €1,012,359 | €522,189 | -€490,170 | -48.4% |
| Suppliers | 440/4 | €1,012,359 | €522,189 | -€490,170 | -48.4% |
| Taxes, remuneration and social security | 45 | €132,334 | €118,739 | -€13,595 | -10.3% |
| Taxes | 450/3 | €132,334 | €118,739 | -€13,595 | -10.3% |
| Other amounts payable | 47/48 | €7,526,417 | €7,360,805 | -€165,612 | -2.2% |
| Accrued charges and deferred income | 492/3 | €115,736 | €151,818 | +€36,082 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,884,204 | €4,836,217 | -€47,987 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,737 | €55,591 | +€43,854 | +374% |
| Other operating charges | 640/8 | €331,066 | €307,534 | -€23,532 | -7.1% |
| Gross operating margin | 9900 | €7,853,710 | €7,238,907 | -€614,803 | -7.8% |
| Operating profit (loss) | 9901 | €2,626,703 | €2,039,565 | -€587,138 | -22.4% |
| Financial income | 75/76B | €211 | €3,621 | +€3,409 | +1,612% |
| Recurring financial income | 75 | €211 | €3,621 | +€3,409 | +1,612% |
| Financial charges | 65/66B | €97,522 | €113,648 | +€16,126 | +16.5% |
| Recurring financial charges | 65 | €97,522 | €113,648 | +€16,126 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €2,529,392 | €1,929,538 | -€599,854 | -23.7% |
| Income taxes | 67/77 | €632,348 | €477,134 | -€155,214 | -24.5% |
| Profit (loss) for the period | 9904 | €1,897,044 | €1,452,403 | -€444,641 | -23.4% |
| Transfer to tax-exempt reserves | 689 | - | €421,000 | +€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,897,044 | €1,031,403 | -€865,641 | -45.6% |
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 16 October 2026 via checked.be.