E-Rent: what changed
Two fiscal 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.
E-Rent
Largest movements
- Cash +€43,161
up €43,161 (+219.4%), from €19,669 to €62,830
mainly Depreciation (+€37,061) and Trade debts (+€31,908)
- Tangible fixed assets -€15,393
down €15,393 (-12.3%), from €125,420 to €110,027
- Receivables within one year +€14,874
up €14,874 (+20.2%), from €73,790 to €88,664
of which Trade receivables: +€21,365
- Trade debts +€31,908
up €31,908 (+1687.2%), from €1,891 to €33,799
- Reserves +€8,883
up €8,883 (+62.2%), from €14,278 to €23,161
- Gross operating margin -€5,295
down €5,295 (-9.8%), from €53,911 to €48,616
- Depreciation -€2,049
down €2,049 (-5.2%), from €39,110 to €37,061
- Taxes +€1,867
up €1,867 (+501.9%), from €372 to €2,239
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.
Cash bridge derived
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 | €219,495 | €262,273 | +€42,778 | +19.5% |
| Fixed assets | 21/28 | €125,420 | €110,027 | -€15,393 | -12.3% |
| Tangible fixed assets | 22/27 | €125,420 | €110,027 | -€15,393 | -12.3% |
| Furniture and vehicles | 24 | €125,420 | €110,027 | -€15,393 | -12.3% |
| Current assets | 29/58 | €94,075 | €152,245 | +€58,171 | +61.8% |
| Amounts receivable within one year | 40/41 | €73,790 | €88,664 | +€14,874 | +20.2% |
| Trade receivables | 40 | €14,480 | €35,845 | +€21,365 | +147.5% |
| Other amounts receivable | 41 | €59,310 | €52,819 | -€6,491 | -10.9% |
| Cash at bank and in hand | 54/58 | €19,669 | €62,830 | +€43,161 | +219.4% |
| Deferred charges and accrued income | 490/1 | €616 | €751 | +€135 | +22.0% |
| Total equity and liabilities | 10/49 | €219,495 | €262,273 | +€42,778 | +19.5% |
| Equity | 10/15 | €214,278 | €223,161 | +€8,883 | +4.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €14,278 | €23,161 | +€8,883 | +62.2% |
| Distributable reserves | 133 | €14,278 | €23,161 | +€8,883 | +62.2% |
| Amounts payable | 17/49 | €5,217 | €39,112 | +€33,895 | +649.7% |
| Amounts payable within one year | 42/48 | €5,217 | €39,112 | +€33,895 | +649.7% |
| Trade debts | 44 | €1,891 | €33,799 | +€31,908 | +1687.2% |
| Suppliers | 440/4 | €1,891 | €33,799 | +€31,908 | +1687.2% |
| Advances received on contracts in progress | 46 | €2,954 | €2,702 | -€252 | -8.5% |
| Taxes, remuneration and social security | 45 | €372 | €2,611 | +€2,239 | +601.9% |
| Taxes | 450/3 | €372 | €2,611 | +€2,239 | +601.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,110 | €37,061 | -€2,049 | -5.2% |
| Other operating charges | 640/8 | €50 | €254 | +€204 | +408.0% |
| Gross operating margin | 9900 | €53,911 | €48,616 | -€5,295 | -9.8% |
| Operating profit (loss) | 9901 | €14,751 | €11,302 | -€3,450 | -23.4% |
| Financial income | 75/76B | €0 | €15 | +€15 | +14900.0% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +14900.0% |
| Financial charges | 65/66B | €101 | €195 | +€94 | +92.8% |
| Recurring financial charges | 65 | €101 | €195 | +€94 | +92.8% |
| Profit (loss) for the period before taxes | 9903 | €14,650 | €11,121 | -€3,529 | -24.1% |
| Income taxes | 67/77 | €372 | €2,239 | +€1,867 | +501.9% |
| Profit (loss) for the period | 9904 | €14,278 | €8,883 | -€5,396 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,278 | €8,883 | -€5,396 | -37.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.