HM 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.
What changed
HM RENT
NACE 77.320, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€85,949
2024 · €42,612+€43,337
Equity
€562,481
2024 · €476,532+€85,949
Cash
€30,080
2024 · €8,462+€21,619
Balance sheet total
€2.7m
2024 · €2.9m-€137,066
Largest movements
Assets
- Receivables within one year -€153,564
down €153,564 (-33.5%), from €457,894 to €304,329
Equity and liabilities
- Trade debts -€125,876
down €125,876 (-39.4%), from €319,205 to €193,329
- Debts after one year -€107,183
down €107,183 (-7.2%), from €1.5m to €1.4m
- Reserves +€85,949
up €85,949 (+18.4%), from €466,532 to €552,481
Income statement
- Gross operating margin -€77,112
down €77,112 (-19.8%), from €389,817 to €312,705
- Financial income +€27,222
up €27,222 (+27,222,160%), from €0 to €27,222
- Taxes +€26,468
up €26,468 (+155%), from €17,092 to €43,559
- Write-downs +€22,276
new in 2025: €22,276
- Other operating charges +€12,063
up €12,063 (+540%), from €2,233 to €14,296
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.
Result 2024
€42,612
Gross operating margin
-€77,112
Depreciation
+€8,599
Write-downs
-€22,276
Other operating charges
-€12,063
Other operating items
+€153,556
Financial income
+€27,222
Financial charges
-€8,121
Taxes
-€26,468
Result 2025
€85,949
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€300,849
Investment
-€164,624
Financing
-€114,606
Cash 2024
€8,462
From operations (derived)
+€300,849
Net result for the year
+€85,949
Depreciation
+€143,950
Receivables within one year
+€153,564
Deferred charges and accrued income
+€25,795
Trade debts
-€125,876
Tax, wage and social debts
+€17,860
Other debts
-€394
Investment (derived)
-€164,624
Investment in fixed assets (net)
-€164,624
Financing
-€114,606
Debts after one year
-€107,183
Current portion of long-term debt
-€2,424
Short-term financial debts
-€5,000
Cash 2025
€30,080
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,860,741 | €2,723,674 | -€137,066 | -4.8% |
| Fixed assets | 21/28 | €2,366,171 | €2,386,845 | +€20,674 | +0.9% |
| Tangible fixed assets | 22/27 | €2,366,171 | €2,386,845 | +€20,674 | +0.9% |
| Land and buildings | 22 | €2,169,648 | €2,150,761 | -€18,887 | -0.9% |
| Plant, machinery and equipment | 23 | €195,726 | €235,765 | +€40,039 | +20.5% |
| Furniture and vehicles | 24 | €797 | €319 | -€478 | -60.0% |
| Current assets | 29/58 | €494,570 | €336,829 | -€157,740 | -31.9% |
| Amounts receivable within one year | 40/41 | €457,894 | €304,329 | -€153,564 | -33.5% |
| Trade receivables | 40 | €457,894 | €304,329 | -€153,564 | -33.5% |
| Cash at bank and in hand | 54/58 | €8,462 | €30,080 | +€21,619 | +255% |
| Deferred charges and accrued income | 490/1 | €28,214 | €2,420 | -€25,795 | -91.4% |
| Total equity and liabilities | 10/49 | €2,860,741 | €2,723,674 | -€137,066 | -4.8% |
| Equity | 10/15 | €476,532 | €562,481 | +€85,949 | +18.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €466,532 | €552,481 | +€85,949 | +18.4% |
| Distributable reserves | 133 | €466,532 | €552,481 | +€85,949 | +18.4% |
| Amounts payable | 17/49 | €2,384,209 | €2,161,193 | -€223,016 | -9.4% |
| Amounts payable after more than one year | 17 | €1,483,202 | €1,376,019 | -€107,183 | -7.2% |
| Financial debts | 170/4 | €1,483,202 | €1,376,019 | -€107,183 | -7.2% |
| Amounts payable within one year | 42/48 | €901,008 | €785,175 | -€115,833 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €106,981 | €104,558 | -€2,424 | -2.3% |
| Financial debts | 43 | €5,000 | - | -€5,000 | |
| Credit institutions | 430/8 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €319,205 | €193,329 | -€125,876 | -39.4% |
| Suppliers | 440/4 | €319,205 | €193,329 | -€125,876 | -39.4% |
| Taxes, remuneration and social security | 45 | €27,809 | €45,670 | +€17,860 | +64.2% |
| Taxes | 450/3 | €27,809 | €45,670 | +€17,860 | +64.2% |
| Other amounts payable | 47/48 | €442,012 | €441,618 | -€394 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,549 | €143,950 | -€8,599 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,276 | +€22,276 | |
| Other operating charges | 640/8 | €2,233 | €14,296 | +€12,063 | +540% |
| Non-recurring operating charges | 66A | €153,556 | - | -€153,556 | |
| Gross operating margin | 9900 | €389,817 | €312,705 | -€77,112 | -19.8% |
| Operating profit (loss) | 9901 | €81,478 | €132,182 | +€50,704 | +62.2% |
| Financial income | 75/76B | €0 | €27,222 | +€27,222 | +27,222,160% |
| Recurring financial income | 75 | €0 | €27,222 | +€27,222 | +27,222,160% |
| Financial charges | 65/66B | €21,775 | €29,896 | +€8,121 | +37.3% |
| Recurring financial charges | 65 | €21,775 | €29,896 | +€8,121 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €59,704 | €129,509 | +€69,805 | +117% |
| Income taxes | 67/77 | €17,092 | €43,559 | +€26,468 | +155% |
| Profit (loss) for the period | 9904 | €42,612 | €85,949 | +€43,337 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €42,612 | €85,949 | +€43,337 | +102% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.