JORENT: 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
JORENT
NACE 77.320, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,388
2024 · €126,268-€112,880
Equity
€645,317
2024 · €631,929+€13,388
Cash
€34,076
2024 · €19,992+€14,085
Balance sheet total
€4.7m
2024 · €5.1m-€445,003
Largest movements
Assets
- Tangible fixed assets -€509,001
down €509,001 (-11.2%), from €4.5m to €4.0m
of which Leasing and similar rights: -€388,805
Equity and liabilities
- Debts after one year -€529,430
down €529,430 (-18.7%), from €2.8m to €2.3m
- Other debts +€67,759
up €67,759 (+36.8%), from €184,037 to €251,796
- Trade debts +€64,580
up €64,580 (+30.4%), from €212,642 to €277,222
- Current portion of long-term debt -€61,441
down €61,441 (-4.9%), from €1.2m to €1.2m
Income statement
- Depreciation +€214,451
up €214,451 (+18.9%), from €1.1m to €1.3m
- Gross operating margin +€109,165
up €109,165 (+7.7%), from €1.4m to €1.5m
- Financial charges +€58,395
up €58,395 (+54.2%), from €107,716 to €166,111
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
€126,268
Gross operating margin
+€109,165
Depreciation
-€214,451
Other operating charges
-€2,718
Other operating items
+€11,604
Financial income
+€3,726
Financial charges
-€58,395
Taxes
+€10,124
Deferred taxes and other
+€28,064
Result 2025
€13,388
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
+€1.4m
Investment
-€837,919
Financing
-€590,871
Cash 2024
€19,992
From operations (derived)
+€1.4m
Net result for the year
+€13,388
Depreciation
+€1.3m
Receivables within one year
-€37,187
Deferred charges and accrued income
-€12,726
Provisions
-€4,949
Trade debts
+€64,580
Tax, wage and social debts
-€139
Other debts
+€67,759
Accrued charges and deferred income
+€5,229
Investment (derived)
-€837,919
Investment in fixed assets (net)
-€837,919
Financing
-€590,871
Debts after one year
-€529,430
Current portion of long-term debt
-€61,441
Cash 2025
€34,076
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,128,603 | €4,683,600 | -€445,003 | -8.7% |
| Fixed assets | 21/28 | €4,527,721 | €4,018,719 | -€509,001 | -11.2% |
| Tangible fixed assets | 22/27 | €4,527,721 | €4,018,719 | -€509,001 | -11.2% |
| Land and buildings | 22 | €204,069 | €200,821 | -€3,248 | -1.6% |
| Plant, machinery and equipment | 23 | €261,345 | €291,208 | +€29,863 | +11.4% |
| Furniture and vehicles | 24 | €298,042 | €151,230 | -€146,812 | -49.3% |
| Leasing and similar rights | 25 | €3,764,264 | €3,375,460 | -€388,805 | -10.3% |
| Current assets | 29/58 | €600,882 | €664,880 | +€63,998 | +10.7% |
| Amounts receivable within one year | 40/41 | €563,175 | €600,362 | +€37,187 | +6.6% |
| Trade receivables | 40 | €562,211 | €574,106 | +€11,895 | +2.1% |
| Other amounts receivable | 41 | €965 | €26,256 | +€25,291 | +2,621% |
| Cash at bank and in hand | 54/58 | €19,992 | €34,076 | +€14,085 | +70.5% |
| Deferred charges and accrued income | 490/1 | €17,715 | €30,442 | +€12,726 | +71.8% |
| Total equity and liabilities | 10/49 | €5,128,603 | €4,683,600 | -€445,003 | -8.7% |
| Equity | 10/15 | €631,929 | €645,317 | +€13,388 | +2.1% |
| Contributions | 10/11 | €21,758 | €21,758 | = | 0.0% |
| Reserves | 13 | €610,171 | €623,559 | +€13,388 | +2.2% |
| Tax-exempt reserves | 132 | €69,347 | €54,501 | -€14,846 | -21.4% |
| Distributable reserves | 133 | €540,825 | €569,058 | +€28,233 | +5.2% |
| Provisions and deferred taxes | 16 | €23,116 | €18,167 | -€4,949 | -21.4% |
| Deferred taxes | 168 | €23,116 | €18,167 | -€4,949 | -21.4% |
| Amounts payable | 17/49 | €4,473,558 | €4,020,116 | -€453,442 | -10.1% |
| Amounts payable after more than one year | 17 | €2,830,191 | €2,300,761 | -€529,430 | -18.7% |
| Financial debts | 170/4 | €2,830,191 | €2,300,761 | -€529,430 | -18.7% |
| Amounts payable within one year | 42/48 | €1,643,367 | €1,714,125 | +€70,759 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €1,242,878 | €1,181,437 | -€61,441 | -4.9% |
| Trade debts | 44 | €212,642 | €277,222 | +€64,580 | +30.4% |
| Suppliers | 440/4 | €212,642 | €277,222 | +€64,580 | +30.4% |
| Taxes, remuneration and social security | 45 | €3,809 | €3,671 | -€139 | -3.6% |
| Taxes | 450/3 | €3,809 | €3,671 | -€139 | -3.6% |
| Other amounts payable | 47/48 | €184,037 | €251,796 | +€67,759 | +36.8% |
| Accrued charges and deferred income | 492/3 | - | €5,229 | +€5,229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132,469 | €1,346,920 | +€214,451 | +18.9% |
| Other operating charges | 640/8 | €5,288 | €8,006 | +€2,718 | +51.4% |
| Non-recurring operating charges | 66A | €11,604 | €0 | -€11,604 | -100% |
| Gross operating margin | 9900 | €1,425,997 | €1,535,162 | +€109,165 | +7.7% |
| Operating profit (loss) | 9901 | €276,635 | €180,235 | -€96,400 | -34.8% |
| Financial income | 75/76B | - | €3,726 | +€3,726 | |
| Recurring financial income | 75 | - | €3,726 | +€3,726 | |
| Financial charges | 65/66B | €107,716 | €166,111 | +€58,395 | +54.2% |
| Recurring financial charges | 65 | €107,716 | €166,111 | +€58,395 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €168,919 | €17,850 | -€151,069 | -89.4% |
| Transfer from deferred taxes | 780 | €1,627 | €4,949 | +€3,322 | +204% |
| Transfer to deferred taxes | 680 | €24,743 | €0 | -€24,743 | -100% |
| Income taxes | 67/77 | €19,535 | €9,411 | -€10,124 | -51.8% |
| Profit (loss) for the period | 9904 | €126,268 | €13,388 | -€112,880 | -89.4% |
| Transfer from tax-exempt reserves | 789 | €4,881 | €14,846 | +€9,964 | +204% |
| Transfer to tax-exempt reserves | 689 | €74,228 | €0 | -€74,228 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €56,921 | €28,233 | -€28,688 | -50.4% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.