K - 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.
K - Rent
Largest movements
- Tangible fixed assets -€16,316
down €16,316 (-36.4%), from €44,773 to €28,457
- Cash -€14,045
down €14,045 (-56.5%), from €24,866 to €10,821
mainly Investment in fixed assets (net) (-€61,293) and Debts after one year (-€24,130)
- Receivables within one year -€13,557
down €13,557 (-6.1%), from €222,403 to €208,846
of which Trade receivables: -€11,923
- Intangible fixed assets -€10,751
down €10,751 (-9.9%), from €108,094 to €97,343
- Stocks and contracts +€8,500
up €8,500 (+58.3%), from €14,570 to €23,070
- Debts after one year -€24,130
down €24,130 (-70.3%), from €34,302 to €10,172
- Tax, wage and social debts -€21,747
down €21,747 (-45.0%), from €48,323 to €26,576
of which Remuneration and social security: -€20,723
- Short-term financial debts +€19,079
up €19,079 (+31.4%), from €60,706 to €79,785
- Trade debts -€18,329
down €18,329 (-64.6%), from €28,356 to €10,027
- Current portion of long-term debt -€7,642
down €7,642 (-24.9%), from €30,715 to €23,073
- Staff costs -€10,814
down €10,814 (-8.8%), from €123,378 to €112,564
- Depreciation +€9,413
up €9,413 (+11.9%), from €78,947 to €88,360
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,566 | €375,590 | -€51,976 | -12.2% |
| Fixed assets | 21/28 | €158,717 | €131,650 | -€27,067 | -17.1% |
| Intangible fixed assets | 21 | €108,094 | €97,343 | -€10,751 | -9.9% |
| Tangible fixed assets | 22/27 | €44,773 | €28,457 | -€16,316 | -36.4% |
| Furniture and vehicles | 24 | €44,773 | €28,457 | -€16,316 | -36.4% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €268,849 | €243,940 | -€24,909 | -9.3% |
| Stocks and contracts in progress | 3 | €14,570 | €23,070 | +€8,500 | +58.3% |
| Stocks | 30/36 | €14,570 | €23,070 | +€8,500 | +58.3% |
| Amounts receivable within one year | 40/41 | €222,403 | €208,846 | -€13,557 | -6.1% |
| Trade receivables | 40 | €218,169 | €206,246 | -€11,923 | -5.5% |
| Other amounts receivable | 41 | €4,233 | €2,600 | -€1,633 | -38.6% |
| Cash at bank and in hand | 54/58 | €24,866 | €10,821 | -€14,045 | -56.5% |
| Deferred charges and accrued income | 490/1 | €7,011 | €1,203 | -€5,808 | -82.8% |
| Total equity and liabilities | 10/49 | €427,566 | €375,590 | -€51,976 | -12.2% |
| Equity | 10/15 | €215,165 | €215,957 | +€792 | +0.4% |
| Contributions | 10/11 | €44,640 | €44,640 | +€0 | 0.0% |
| Reserves | 13 | €170,525 | €171,317 | +€792 | +0.5% |
| Non-distributable reserves | 130/1 | €4,464 | €4,464 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €4,464 | €4,464 | -€0 | 0.0% |
| Distributable reserves | 133 | €166,061 | €166,853 | +€792 | +0.5% |
| Amounts payable | 17/49 | €212,401 | €159,633 | -€52,768 | -24.8% |
| Amounts payable after more than one year | 17 | €34,302 | €10,172 | -€24,130 | -70.3% |
| Financial debts | 170/4 | €34,302 | €10,172 | -€24,130 | -70.3% |
| Amounts payable within one year | 42/48 | €178,100 | €149,461 | -€28,639 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €30,715 | €23,073 | -€7,642 | -24.9% |
| Financial debts | 43 | €60,706 | €79,785 | +€19,079 | +31.4% |
| Credit institutions | 430/8 | €60,706 | €79,785 | +€19,079 | +31.4% |
| Trade debts | 44 | €28,356 | €10,027 | -€18,329 | -64.6% |
| Suppliers | 440/4 | €28,356 | €10,027 | -€18,329 | -64.6% |
| Taxes, remuneration and social security | 45 | €48,323 | €26,576 | -€21,747 | -45.0% |
| Taxes | 450/3 | €17,762 | €16,738 | -€1,024 | -5.8% |
| Remuneration and social security | 454/9 | €30,561 | €9,838 | -€20,723 | -67.8% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Non-recurring operating income | 76A | €8,305 | - | -€8,305 | |
| Remuneration, social security and pensions | 62 | €123,378 | €112,564 | -€10,814 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,947 | €88,360 | +€9,413 | +11.9% |
| Other operating charges | 640/8 | €4,580 | €3,549 | -€1,031 | -22.5% |
| Non-recurring operating charges | 66A | €1,724 | - | -€1,724 | |
| Gross operating margin | 9900 | €216,466 | €216,101 | -€365 | -0.2% |
| Operating profit (loss) | 9901 | €7,838 | €11,628 | +€3,790 | +48.4% |
| Financial income | 75/76B | €2,061 | - | -€2,061 | |
| Recurring financial income | 75 | €2,061 | - | -€2,061 | |
| Financial charges | 65/66B | €5,822 | €7,436 | +€1,614 | +27.7% |
| Recurring financial charges | 65 | €5,822 | €7,436 | +€1,614 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €4,077 | €4,192 | +€115 | +2.8% |
| Income taxes | 67/77 | €1,767 | €3,400 | +€1,633 | +92.4% |
| Profit (loss) for the period | 9904 | €2,310 | €792 | -€1,518 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,310 | €792 | -€1,518 | -65.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.