KA-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
KA-RENT
NACE 77.320, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,729
2024 · -€19,298+€10,569
Equity
€202,975
2024 · €211,704-€8,729
Cash
€2,132
2024 · €5,082-€2,951
Balance sheet total
€518,348
2024 · €558,763-€40,415
Largest movements
Assets
- Tangible fixed assets -€33,201
down €33,201 (-6.1%), from €548,589 to €515,388
of which Land and buildings: -€30,893
Equity and liabilities
- Debts after one year -€45,307
down €45,307 (-19.0%), from €237,999 to €192,692
of which Financial debts: -€45,307
- Short-term financial debts +€14,951
new in 2025: €14,951
- Other debts +€7,153
up €7,153 (+37.0%), from €19,347 to €26,501
Income statement
- Gross operating margin +€3,508
up €3,508 (+10.1%), from €34,576 to €38,084
- Other operating charges -€3,414
down €3,414 (-75.9%), from €4,500 to €1,086
- Financial charges -€1,741
down €1,741 (-13.9%), from €12,558 to €10,817
- Depreciation -€1,254
down €1,254 (-3.3%), from €38,506 to €37,252
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
-€19,298
Gross operating margin
+€3,508
Depreciation
+€1,254
Other operating charges
+€3,414
Other operating items
+€653
Financial income
+€0
Financial charges
+€1,741
Result 2025
-€8,729
raises 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
+€29,933
Investment
-€4,051
Financing
-€28,832
Cash 2024
€5,082
From operations (derived)
+€29,933
Net result for the year
-€8,729
Depreciation
+€37,252
Receivables within one year
+€3,162
Deferred charges and accrued income
+€1,101
Provisions
-€2,343
Trade debts
-€3,945
Tax, wage and social debts
-€1,219
Other debts
+€7,153
Accrued charges and deferred income
-€2,501
Investment (derived)
-€4,051
Investment in fixed assets (net)
-€4,051
Financing
-€28,832
Debts after one year
-€45,307
Current portion of long-term debt
+€1,524
Short-term financial debts
+€14,951
Cash 2025
€2,132
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €558,763 | €518,348 | -€40,415 | -7.2% |
| Fixed assets | 21/28 | €548,614 | €515,413 | -€33,201 | -6.1% |
| Tangible fixed assets | 22/27 | €548,589 | €515,388 | -€33,201 | -6.1% |
| Land and buildings | 22 | €542,063 | €511,170 | -€30,893 | -5.7% |
| Plant, machinery and equipment | 23 | €3,671 | €2,655 | -€1,016 | -27.7% |
| Furniture and vehicles | 24 | €870 | - | -€870 | |
| Other tangible fixed assets | 26 | €1,984 | €1,562 | -€422 | -21.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €10,149 | €2,935 | -€7,214 | -71.1% |
| Amounts receivable within one year | 40/41 | €3,162 | - | -€3,162 | |
| Trade receivables | 40 | €3,162 | - | -€3,162 | |
| Cash at bank and in hand | 54/58 | €5,082 | €2,132 | -€2,951 | -58.1% |
| Deferred charges and accrued income | 490/1 | €1,904 | €803 | -€1,101 | -57.8% |
| Total equity and liabilities | 10/49 | €558,763 | €518,348 | -€40,415 | -7.2% |
| Equity | 10/15 | €211,704 | €202,975 | -€8,729 | -4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €206,451 | €201,900 | -€4,551 | -2.2% |
| Tax-exempt reserves | 132 | €59,161 | €54,610 | -€4,551 | -7.7% |
| Distributable reserves | 133 | €147,290 | €147,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,747 | -€18,925 | -€4,178 | -28.3% |
| Provisions and deferred taxes | 16 | €30,463 | €28,120 | -€2,343 | -7.7% |
| Deferred taxes | 168 | €30,463 | €28,120 | -€2,343 | -7.7% |
| Amounts payable | 17/49 | €316,596 | €287,253 | -€29,343 | -9.3% |
| Amounts payable after more than one year | 17 | €237,999 | €192,692 | -€45,307 | -19.0% |
| Financial debts | 170/4 | €153,499 | €108,192 | -€45,307 | -29.5% |
| Other amounts payable | 178/9 | €84,500 | €84,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,670 | €94,134 | +€18,465 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €43,783 | €45,307 | +€1,524 | +3.5% |
| Financial debts | 43 | - | €14,951 | +€14,951 | |
| Credit institutions | 430/8 | - | €14,951 | +€14,951 | |
| Trade debts | 44 | €3,997 | €52 | -€3,945 | -98.7% |
| Suppliers | 440/4 | €3,997 | €52 | -€3,945 | -98.7% |
| Taxes, remuneration and social security | 45 | €8,543 | €7,324 | -€1,219 | -14.3% |
| Taxes | 450/3 | €2,543 | €1,324 | -€1,219 | -47.9% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €19,347 | €26,501 | +€7,153 | +37.0% |
| Accrued charges and deferred income | 492/3 | €2,928 | €427 | -€2,501 | -85.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,506 | €37,252 | -€1,254 | -3.3% |
| Other operating charges | 640/8 | €4,500 | €1,086 | -€3,414 | -75.9% |
| Non-recurring operating charges | 66A | €653 | - | -€653 | |
| Gross operating margin | 9900 | €34,576 | €38,084 | +€3,508 | +10.1% |
| Operating profit (loss) | 9901 | -€9,083 | -€255 | +€8,828 | +97.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €12,558 | €10,817 | -€1,741 | -13.9% |
| Recurring financial charges | 65 | €12,558 | €10,817 | -€1,741 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,641 | -€11,072 | +€10,569 | +48.8% |
| Transfer from deferred taxes | 780 | €2,343 | €2,343 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€19,298 | -€8,729 | +€10,569 | +54.8% |
| Transfer from tax-exempt reserves | 789 | €4,551 | €4,551 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,747 | -€4,178 | +€10,569 | +71.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.