KOVA 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.
KOVA RENT
Largest movements
- Tangible fixed assets -€287,429
down €287,429 (-15.6%), from €1.8m to €1.6m
of which Furniture and vehicles: -€219,653
- Receivables within one year -€124,968
down €124,968 (-94.9%), from €131,692 to €6,725
of which Trade receivables: -€80,169
- Cash -€40,852
down €40,852 (-40.7%), from €100,275 to €59,423
mainly Debts after one year (-€346,081) and Trade debts (-€101,124)
- Debts after one year -€346,081
down €346,081 (-37.0%), from €935,346 to €589,265
- Trade debts -€101,124
down €101,124 (-99.4%), from €101,749 to €626
- Gross operating margin -€539,866
down €539,866 (-59.6%), from €905,564 to €365,699
- Depreciation -€144,354
down €144,354 (-31.3%), from €461,783 to €317,429
- Taxes -€99,598
down €99,598 (-97.0%), from €102,659 to €3,061
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 | €2,082,070 | €1,647,412 | -€434,658 | -20.9% |
| Fixed assets | 21/28 | €1,841,637 | €1,554,207 | -€287,429 | -15.6% |
| Tangible fixed assets | 22/27 | €1,841,637 | €1,554,207 | -€287,429 | -15.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,705,899 | €1,486,246 | -€219,653 | -12.9% |
| Leasing and similar rights | 25 | €135,738 | €67,962 | -€67,776 | -49.9% |
| Current assets | 29/58 | €240,433 | €93,205 | -€147,229 | -61.2% |
| Amounts receivable within one year | 40/41 | €131,692 | €6,725 | -€124,968 | -94.9% |
| Trade receivables | 40 | €85,400 | €5,230 | -€80,169 | -93.9% |
| Other amounts receivable | 41 | €46,293 | €1,494 | -€44,798 | -96.8% |
| Cash at bank and in hand | 54/58 | €100,275 | €59,423 | -€40,852 | -40.7% |
| Deferred charges and accrued income | 490/1 | €8,466 | €27,057 | +€18,591 | +220% |
| Total equity and liabilities | 10/49 | €2,082,070 | €1,647,412 | -€434,658 | -20.9% |
| Equity | 10/15 | €697,856 | €707,041 | +€9,184 | +1.3% |
| Contributions | 10/11 | €3,783 | €3,783 | = | 0.0% |
| Reserves | 13 | €694,074 | €703,258 | +€9,184 | +1.3% |
| Distributable reserves | 133 | €694,074 | €703,258 | +€9,184 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,384,213 | €940,372 | -€443,842 | -32.1% |
| Amounts payable after more than one year | 17 | €935,346 | €589,265 | -€346,081 | -37.0% |
| Financial debts | 170/4 | €935,346 | €589,265 | -€346,081 | -37.0% |
| Amounts payable within one year | 42/48 | €448,740 | €351,028 | -€97,712 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €343,884 | €350,341 | +€6,457 | +1.9% |
| Trade debts | 44 | €101,749 | €626 | -€101,124 | -99.4% |
| Suppliers | 440/4 | €101,749 | €626 | -€101,124 | -99.4% |
| Taxes, remuneration and social security | 45 | €659 | €61 | -€598 | -90.7% |
| Taxes | 450/3 | €659 | €61 | -€598 | -90.7% |
| Other amounts payable | 47/48 | €2,448 | €0 | -€2,448 | -100% |
| Accrued charges and deferred income | 492/3 | €127 | €78 | -€49 | -38.4% |
| Non-recurring operating income | 76A | €88,000 | €0 | -€88,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €461,783 | €317,429 | -€144,354 | -31.3% |
| Other operating charges | 640/8 | €1,094 | €2,028 | +€934 | +85.4% |
| Gross operating margin | 9900 | €905,564 | €365,699 | -€539,866 | -59.6% |
| Operating profit (loss) | 9901 | €442,688 | €46,242 | -€396,446 | -89.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +1,900% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1,900% |
| Financial charges | 65/66B | €28,490 | €33,998 | +€5,508 | +19.3% |
| Recurring financial charges | 65 | €28,490 | €33,998 | +€5,508 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €414,197 | €12,246 | -€401,952 | -97.0% |
| Income taxes | 67/77 | €102,659 | €3,061 | -€99,598 | -97.0% |
| Profit (loss) for the period | 9904 | €311,538 | €9,184 | -€302,354 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €311,538 | €9,184 | -€302,354 | -97.1% |
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 29 October 2026 via checked.be.