Directlease: what changed
What changed
Directlease
NACE 77.110, Renting and leasing of cars and light motor vehicles
filed annual accounts (NBB)
Net result for the year
€5.4m
2024 · €4.4m+€987,867
Equity
€20.0m
2024 · €17.6m+€2.4m
Cash
€47,320
2024 · €111,451-€64,130
Balance sheet total
€154.0m
2024 · €139.4m+€14.6m
Largest movements
Assets
- Tangible fixed assets +€13.3m
up €13.3m (+10.0%), from €133.3m to €146.6m
of which Other tangible fixed assets: +€13.3m
Equity and liabilities
- Current portion of long-term debt +€10.4m
up €10.4m (+26.1%), from €39.9m to €50.4m
- Debts after one year +€3.7m
up €3.7m (+5.2%), from €70.8m to €74.5m
of which Financial debts: +€5.0m
- Reserves +€2.4m
up €2.4m (+17.6%), from €13.8m to €16.2m
of which Distributable reserves: +€2.4m
Income statement
- Turnover +€3.0m
up €3.0m (+5.3%), from €56.3m to €59.3m
- Depreciation +€1.9m
up €1.9m (+9.8%), from €19.5m to €21.5m
- Other operating income +€1.5m
up €1.5m (+26.5%), from €5.6m to €7.0m
- Taxes +€1.1m
up €1.1m (+90.0%), from €1.2m to €2.3m
of which Taxes: +€860,309
- Financial charges +€859,947
up €859,947 (+19.8%), from €4.3m to €5.2m
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
€4.4m
Turnover
+€3.0m
Other operating income
+€1.5m
Services and other goods
+€569,889
Staff costs
-€89,332
Depreciation
-€1.9m
Write-downs
+€899
Provisions
-€20,724
Other operating charges
-€132,891
Other operating items
+€28,664
Financial income
+€55,974
Financial charges
-€859,947
Taxes
-€1.1m
Result 2025
€5.4m
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
+€25.1m
Investment
-€34.7m
Financing
+€9.6m
Cash 2024
€111,451
From operations (derived)
+€25.1m
Net result for the year
+€5.4m
Depreciation
+€21.5m
Receivables within one year
-€1.4m
Smaller working-capital items
-€71,226
Provisions
-€805,697
Trade debts
+€733,322
Tax, wage and social debts
-€520,861
Accrued charges and deferred income
+€212,614
Investment (derived)
-€34.7m
Investment in fixed assets (net)
-€34.7m
Financing
+€9.6m
Debts after one year
+€3.7m
Current portion of long-term debt
+€10.4m
Short-term financial debts
-€1.5m
Contributions, distributions and other
-€3.0m
Cash 2025
€47,320
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,375,988 | €154,009,189 | +€14.6m | +10.5% |
| Fixed assets | 21/28 | €133,271,611 | €146,553,462 | +€13.3m | +10.0% |
| Tangible fixed assets | 22/27 | €133,268,441 | €146,550,292 | +€13.3m | +10.0% |
| Plant, machinery and equipment | 23 | €9,350 | €5,223 | -€4,127 | -44.1% |
| Furniture and vehicles | 24 | €167,589 | €117,724 | -€49,864 | -29.8% |
| Other tangible fixed assets | 26 | €133,091,502 | €146,427,344 | +€13.3m | +10.0% |
| Financial fixed assets | 28 | €3,170 | €3,170 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,170 | €3,170 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,170 | €3,170 | = | 0.0% |
| Current assets | 29/58 | €6,104,377 | €7,455,728 | +€1.4m | +22.1% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,843,816 | €6,200,762 | +€1.4m | +28.0% |
| Trade receivables | 40 | €4,843,816 | €5,737,258 | +€893,443 | +18.4% |
| Other amounts receivable | 41 | - | €463,504 | +€463,504 | |
| Cash at bank and in hand | 54/58 | €111,451 | €47,320 | -€64,130 | -57.5% |
| Deferred charges and accrued income | 490/1 | €1,149,111 | €1,207,645 | +€58,535 | +5.1% |
| Total equity and liabilities | 10/49 | €139,375,988 | €154,009,189 | +€14.6m | +10.5% |
| Equity | 10/15 | €17,605,423 | €20,040,650 | +€2.4m | +13.8% |
| Contributions | 10/11 | €3,800,000 | €3,800,000 | = | 0.0% |
| Capital | 10 | €3,800,000 | €3,800,000 | = | 0.0% |
| Issued capital | 100 | €3,800,000 | €3,800,000 | = | 0.0% |
| Reserves | 13 | €13,805,423 | €16,240,650 | +€2.4m | +17.6% |
| Non-distributable reserves | 130/1 | €380,000 | €380,000 | = | 0.0% |
| Legal reserve | 130 | €380,000 | €380,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,995,540 | €1,995,540 | = | 0.0% |
| Distributable reserves | 133 | €11,429,883 | €13,865,110 | +€2.4m | +21.3% |
| Provisions and deferred taxes | 16 | €1,840,576 | €1,034,879 | -€805,697 | -43.8% |
| Provisions for liabilities and charges | 160/5 | €1,840,576 | €1,034,879 | -€805,697 | -43.8% |
| Other liabilities and charges | 164/5 | €1,840,576 | €1,034,879 | -€805,697 | -43.8% |
| Amounts payable | 17/49 | €119,929,988 | €132,933,660 | +€13.0m | +10.8% |
| Amounts payable after more than one year | 17 | €70,824,294 | €74,522,252 | +€3.7m | +5.2% |
| Financial debts | 170/4 | €66,079,000 | €71,078,232 | +€5.0m | +7.6% |
| Other loans | 174 | €66,079,000 | €71,078,232 | +€5.0m | +7.6% |
| Other amounts payable | 178/9 | €4,745,294 | €3,444,020 | -€1.3m | -27.4% |
| Amounts payable within one year | 42/48 | €49,060,171 | €58,153,270 | +€9.1m | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €39,930,000 | €50,360,768 | +€10.4m | +26.1% |
| Financial debts | 43 | €5,005,504 | €3,468,066 | -€1.5m | -30.7% |
| Other loans | 439 | €5,005,504 | €3,468,066 | -€1.5m | -30.7% |
| Trade debts | 44 | €2,772,382 | €3,505,704 | +€733,322 | +26.5% |
| Suppliers | 440/4 | €2,772,382 | €3,505,704 | +€733,322 | +26.5% |
| Taxes, remuneration and social security | 45 | €1,339,593 | €818,732 | -€520,861 | -38.9% |
| Taxes | 450/3 | €1,241,100 | €689,175 | -€551,925 | -44.5% |
| Remuneration and social security | 454/9 | €98,493 | €129,558 | +€31,064 | +31.5% |
| Other amounts payable | 47/48 | €12,691 | €0 | -€12,691 | -100% |
| Accrued charges and deferred income | 492/3 | €45,523 | €258,137 | +€212,614 | +467% |
| Operating income | 70/76A | €61,861,451 | €66,294,130 | +€4.4m | +7.2% |
| Turnover | 70 | €56,294,402 | €59,251,025 | +€3.0m | +5.3% |
| Other operating income | 74 | €5,564,319 | €7,040,167 | +€1.5m | +26.5% |
| Non-recurring operating income | 76A | €2,729 | €2,938 | +€209 | +7.7% |
| Operating charges | 60/66A | €51,936,956 | €53,501,990 | +€1.6m | +3.0% |
| Services and other goods | 61 | €29,613,403 | €29,043,513 | -€569,889 | -1.9% |
| Remuneration, social security and pensions | 62 | €765,508 | €854,840 | +€89,332 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,535,131 | €21,456,461 | +€1.9m | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €434,959 | €434,059 | -€899 | -0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,024 | €12,701 | +€20,724 | |
| Other operating charges | 640/8 | €1,542,572 | €1,675,463 | +€132,891 | +8.6% |
| Non-recurring operating charges | 66A | €53,408 | €24,953 | -€28,455 | -53.3% |
| Operating profit (loss) | 9901 | €9,924,495 | €12,792,140 | +€2.9m | +28.9% |
| Financial income | 75/76B | €64,453 | €120,427 | +€55,974 | +86.8% |
| Recurring financial income | 75 | €64,453 | €120,427 | +€55,974 | +86.8% |
| Other financial income | 752/9 | €64,453 | €120,427 | +€55,974 | +86.8% |
| Financial charges | 65/66B | €4,346,084 | €5,206,031 | +€859,947 | +19.8% |
| Recurring financial charges | 65 | €4,346,084 | €5,206,031 | +€859,947 | +19.8% |
| Debt charges | 650 | €4,339,561 | €5,135,744 | +€796,183 | +18.3% |
| Other financial charges | 652/9 | €6,523 | €70,287 | +€63,764 | +977% |
| Profit (loss) for the period before taxes | 9903 | €5,642,863 | €7,706,536 | +€2.1m | +36.6% |
| Income taxes | 67/77 | €1,195,504 | €2,271,309 | +€1.1m | +90.0% |
| Taxes | 670/3 | €1,411,000 | €2,271,309 | +€860,309 | +61.0% |
| Tax adjustments and reversals of tax provisions | 77 | €215,496 | €0 | -€215,496 | -100% |
| Profit (loss) for the period | 9904 | €4,447,360 | €5,435,227 | +€987,867 | +22.2% |
| Transfer to tax-exempt reserves | 689 | €997,770 | €0 | -€997,770 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €3,449,590 | €5,435,227 | +€2.0m | +57.6% |
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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 4 November 2026 via checked.be.