GP RENTING: 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.
GP RENTING
Largest movements
- Receivables within one year +€132,788
up €132,788 (+650.9%), from €20,400 to €153,188
of which Trade receivables: +€132,759
- Tangible fixed assets +€56,676
up €56,676 (+5.5%), from €1.0m to €1.1m
of which Leasing and similar rights: +€234,274
- Stocks and contracts -€23,526
down €23,526 (-42.9%), from €54,810 to €31,284
- Current portion of long-term debt +€100,098
up €100,098 (+56.0%), from €178,800 to €278,897
- Debts after one year +€60,593
up €60,593 (+11.1%), from €547,392 to €607,985
- Other debts -€48,800
down €48,800 (-84.7%), from €57,603 to €8,803
- Reserves +€48,592
up €48,592 (+50.6%), from €95,985 to €144,577
- Gross operating margin +€114,700
up €114,700 (+43.5%), from €263,605 to €378,305
- Depreciation +€34,802
up €34,802 (+18.2%), from €191,147 to €225,948
- Taxes +€25,657
up €25,657 (+3302.0%), from €777 to €26,434
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 | €1,152,323 | €1,326,395 | +€174,072 | +15.1% |
| Fixed assets | 21/28 | €1,036,321 | €1,092,997 | +€56,676 | +5.5% |
| Tangible fixed assets | 22/27 | €1,036,321 | €1,092,997 | +€56,676 | +5.5% |
| Furniture and vehicles | 24 | €458,117 | €280,519 | -€177,597 | -38.8% |
| Leasing and similar rights | 25 | €578,204 | €812,478 | +€234,274 | +40.5% |
| Current assets | 29/58 | €116,002 | €233,398 | +€117,396 | +101.2% |
| Stocks and contracts in progress | 3 | €54,810 | €31,284 | -€23,526 | -42.9% |
| Stocks | 30/36 | €54,810 | €31,284 | -€23,526 | -42.9% |
| Amounts receivable within one year | 40/41 | €20,400 | €153,188 | +€132,788 | +650.9% |
| Trade receivables | 40 | €2,106 | €134,865 | +€132,759 | +6303.0% |
| Other amounts receivable | 41 | €18,294 | €18,322 | +€29 | +0.2% |
| Cash at bank and in hand | 54/58 | €14,132 | €26,878 | +€12,746 | +90.2% |
| Deferred charges and accrued income | 490/1 | €26,660 | €22,049 | -€4,611 | -17.3% |
| Total equity and liabilities | 10/49 | €1,152,323 | €1,326,395 | +€174,072 | +15.1% |
| Equity | 10/15 | €100,985 | €149,577 | +€48,592 | +48.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,985 | €144,577 | +€48,592 | +50.6% |
| Distributable reserves | 133 | €95,985 | €144,577 | +€48,592 | +50.6% |
| Amounts payable | 17/49 | €1,051,337 | €1,176,818 | +€125,481 | +11.9% |
| Amounts payable after more than one year | 17 | €547,392 | €607,985 | +€60,593 | +11.1% |
| Financial debts | 170/4 | €547,392 | €607,985 | +€60,593 | +11.1% |
| Amounts payable within one year | 42/48 | €503,946 | €568,834 | +€64,888 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €178,800 | €278,897 | +€100,098 | +56.0% |
| Financial debts | 43 | €253,381 | €255,864 | +€2,483 | +1.0% |
| Credit institutions | 430/8 | €253,381 | €255,864 | +€2,483 | +1.0% |
| Trade debts | 44 | €12,216 | €20,835 | +€8,619 | +70.6% |
| Suppliers | 440/4 | €12,216 | €20,835 | +€8,619 | +70.6% |
| Taxes, remuneration and social security | 45 | €1,946 | €4,434 | +€2,488 | +127.9% |
| Taxes | 450/3 | €1,946 | €4,434 | +€2,488 | +127.9% |
| Other amounts payable | 47/48 | €57,603 | €8,803 | -€48,800 | -84.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €73,482 | €29,274 | -€44,208 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,147 | €225,948 | +€34,802 | +18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,623 | €0 | -€1,623 | -100.0% |
| Other operating charges | 640/8 | €11,145 | €13,772 | +€2,628 | +23.6% |
| Non-recurring operating charges | 66A | - | €10,058 | +€10,058 | |
| Gross operating margin | 9900 | €263,605 | €378,305 | +€114,700 | +43.5% |
| Operating profit (loss) | 9901 | €59,691 | €128,526 | +€68,835 | +115.3% |
| Financial income | 75/76B | €138 | €19 | -€119 | -86.4% |
| Recurring financial income | 75 | €138 | €19 | -€119 | -86.4% |
| Financial charges | 65/66B | €51,282 | €53,519 | +€2,237 | +4.4% |
| Recurring financial charges | 65 | €51,282 | €53,519 | +€2,237 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €8,547 | €75,026 | +€66,479 | +777.8% |
| Income taxes | 67/77 | €777 | €26,434 | +€25,657 | +3302.0% |
| Profit (loss) for the period | 9904 | €7,770 | €48,592 | +€40,822 | +525.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,770 | €48,592 | +€40,822 | +525.4% |
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 9 October 2026 via checked.be.