KT-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.
KT-Rent
Largest movements
- Tangible fixed assets -€825,832
down €825,832 (-49.0%), from €1.7m to €858,361
of which Plant, machinery and equipment: -€825,832
- Stocks and contracts +€383,818
up €383,818 (+166%), from €230,554 to €614,372
- Cash -€169,291
down €169,291 (-49.1%), from €344,447 to €175,156
mainly Trade debts (-€707,188) and Stocks and contracts (-€383,818)
- Receivables within one year +€135,073
up €135,073 (+10.7%), from €1.3m to €1.4m
of which Trade receivables: +€134,864
- Trade debts -€707,188
down €707,188 (-86.1%), from €821,561 to €114,374
- Profit (loss) carried forward +€433,496
up €433,496 (+18.1%), from €2.4m to €2.8m
- Other debts -€180,386
no longer reported in 2025 (was €180,386)
- Tax, wage and social debts -€80,559
down €80,559 (-72.0%), from €111,943 to €31,383
of which Taxes: -€64,491
- Short-term financial debts +€69,404
up €69,404 (+182%), from €38,096 to €107,500
- Gross operating margin -€323,582
down €323,582 (-26.3%), from €1.2m to €907,834
- Depreciation -€132,062
down €132,062 (-37.9%), from €348,062 to €216,000
- Taxes -€54,498
down €54,498 (-27.2%), from €200,092 to €145,594
- Staff costs -€27,775
down €27,775 (-29.8%), from €93,230 to €65,455
- Financial charges -€23,969
down €23,969 (-91.3%), from €26,265 to €2,296
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.
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 | €3,580,090 | €3,108,284 | -€471,806 | -13.2% |
| Fixed assets | 21/28 | €1,684,194 | €858,361 | -€825,832 | -49.0% |
| Tangible fixed assets | 22/27 | €1,684,194 | €858,361 | -€825,832 | -49.0% |
| Land and buildings | 22 | €222,800 | €222,800 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,461,394 | €635,561 | -€825,832 | -56.5% |
| Current assets | 29/58 | €1,895,896 | €2,249,922 | +€354,026 | +18.7% |
| Stocks and contracts in progress | 3 | €230,554 | €614,372 | +€383,818 | +166% |
| Stocks | 30/36 | €230,554 | €614,372 | +€383,818 | +166% |
| Amounts receivable within one year | 40/41 | €1,260,956 | €1,396,029 | +€135,073 | +10.7% |
| Trade receivables | 40 | €1,140,465 | €1,275,329 | +€134,864 | +11.8% |
| Other amounts receivable | 41 | €120,491 | €120,700 | +€208 | +0.2% |
| Cash at bank and in hand | 54/58 | €344,447 | €175,156 | -€169,291 | -49.1% |
| Deferred charges and accrued income | 490/1 | €59,939 | €64,365 | +€4,427 | +7.4% |
| Total equity and liabilities | 10/49 | €3,580,090 | €3,108,284 | -€471,806 | -13.2% |
| Equity | 10/15 | €2,413,243 | €2,846,739 | +€433,496 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,392,783 | €2,826,279 | +€433,496 | +18.1% |
| Amounts payable | 17/49 | €1,166,847 | €261,545 | -€905,302 | -77.6% |
| Amounts payable within one year | 42/48 | €1,151,986 | €253,257 | -€898,729 | -78.0% |
| Financial debts | 43 | €38,096 | €107,500 | +€69,404 | +182% |
| Credit institutions | 430/8 | €38,096 | €107,500 | +€69,404 | +182% |
| Trade debts | 44 | €821,561 | €114,374 | -€707,188 | -86.1% |
| Suppliers | 440/4 | €821,561 | €114,374 | -€707,188 | -86.1% |
| Taxes, remuneration and social security | 45 | €111,943 | €31,383 | -€80,559 | -72.0% |
| Taxes | 450/3 | €88,613 | €24,122 | -€64,491 | -72.8% |
| Remuneration and social security | 454/9 | €23,329 | €7,261 | -€16,068 | -68.9% |
| Other amounts payable | 47/48 | €180,386 | - | -€180,386 | |
| Accrued charges and deferred income | 492/3 | €14,861 | €8,288 | -€6,573 | -44.2% |
| Non-recurring operating income | 76A | - | €151,625 | +€151,625 | |
| Remuneration, social security and pensions | 62 | €93,230 | €65,455 | -€27,775 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,062 | €216,000 | -€132,062 | -37.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,900 | - | +€8,900 | |
| Other operating charges | 640/8 | €9,941 | €3,554 | -€6,387 | -64.3% |
| Non-recurring operating charges | 66A | - | €41,441 | +€41,441 | |
| Gross operating margin | 9900 | €1,231,416 | €907,834 | -€323,582 | -26.3% |
| Operating profit (loss) | 9901 | €789,084 | €581,385 | -€207,699 | -26.3% |
| Financial income | 75/76B | €19,869 | €1 | -€19,868 | -100.0% |
| Recurring financial income | 75 | €19,869 | €1 | -€19,868 | -100.0% |
| Financial charges | 65/66B | €26,265 | €2,296 | -€23,969 | -91.3% |
| Recurring financial charges | 65 | €26,265 | €2,296 | -€23,969 | -91.3% |
| Profit (loss) for the period before taxes | 9903 | €782,687 | €579,090 | -€203,598 | -26.0% |
| Income taxes | 67/77 | €200,092 | €145,594 | -€54,498 | -27.2% |
| Profit (loss) for the period | 9904 | €582,596 | €433,496 | -€149,099 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €582,596 | €433,496 | -€149,099 | -25.6% |
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 17 October 2026 via checked.be.