LUC RENTMEESTERS: 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.
LUC RENTMEESTERS
Largest movements
- Receivables within one year -€50,454
down €50,454 (-14.5%), from €348,419 to €297,965
of which Trade receivables: -€67,338
- Cash -€40,076
down €40,076 (-100%), from €40,076 to €0
mainly Trade debts (-€94,923) and Investment in fixed assets (net) (-€37,601)
- Stocks and contracts +€33,701
up €33,701 (+106%), from €31,754 to €65,455
- Tangible fixed assets -€16,925
down €16,925 (-7.3%), from €232,795 to €215,870
of which Furniture and vehicles: -€23,658
- Trade debts -€94,923
down €94,923 (-38.7%), from €245,063 to €150,141
- Other debts +€32,085
new in 2025: €32,085
- Tax, wage and social debts -€30,853
down €30,853 (-95.7%), from €32,235 to €1,382
of which Taxes: -€23,315
- Debts after one year +€19,472
up €19,472 (+17.5%), from €111,111 to €130,584
- Short-term financial debts -€12,207
down €12,207 (-26.6%), from €45,906 to €33,699
- Gross operating margin +€79,481
up €79,481 (+17.4%), from €456,963 to €536,444
- Staff costs -€57,488
down €57,488 (-12.2%), from €472,198 to €414,710
- Depreciation -€9,401
down €9,401 (-14.7%), from €63,927 to €54,526
- Other operating charges +€6,094
up €6,094 (+68.0%), from €8,967 to €15,061
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 | €667,067 | €592,514 | -€74,553 | -11.2% |
| Fixed assets | 21/28 | €234,726 | €217,801 | -€16,925 | -7.2% |
| Tangible fixed assets | 22/27 | €232,795 | €215,870 | -€16,925 | -7.3% |
| Plant, machinery and equipment | 23 | €5,770 | €3,452 | -€2,317 | -40.2% |
| Furniture and vehicles | 24 | €32,984 | €9,326 | -€23,658 | -71.7% |
| Leasing and similar rights | 25 | €178,300 | €193,683 | +€15,383 | +8.6% |
| Other tangible fixed assets | 26 | €15,742 | €9,409 | -€6,333 | -40.2% |
| Financial fixed assets | 28 | €1,931 | €1,931 | = | 0.0% |
| Current assets | 29/58 | €432,341 | €374,713 | -€57,628 | -13.3% |
| Stocks and contracts in progress | 3 | €31,754 | €65,455 | +€33,701 | +106% |
| Stocks | 30/36 | €31,754 | €65,455 | +€33,701 | +106% |
| Amounts receivable within one year | 40/41 | €348,419 | €297,965 | -€50,454 | -14.5% |
| Trade receivables | 40 | €107,607 | €40,269 | -€67,338 | -62.6% |
| Other amounts receivable | 41 | €240,812 | €257,695 | +€16,884 | +7.0% |
| Cash at bank and in hand | 54/58 | €40,076 | €0 | -€40,076 | -100% |
| Deferred charges and accrued income | 490/1 | €12,092 | €11,293 | -€800 | -6.6% |
| Total equity and liabilities | 10/49 | €667,067 | €592,514 | -€74,553 | -11.2% |
| Equity | 10/15 | €184,174 | €194,286 | +€10,112 | +5.5% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €267,186 | €267,186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €246,636 | €246,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,212 | -€89,100 | +€10,112 | +10.2% |
| Amounts payable | 17/49 | €482,893 | €398,228 | -€84,665 | -17.5% |
| Amounts payable after more than one year | 17 | €111,111 | €130,584 | +€19,472 | +17.5% |
| Financial debts | 170/4 | €111,111 | €130,584 | +€19,472 | +17.5% |
| Amounts payable within one year | 42/48 | €366,118 | €267,644 | -€98,474 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €42,914 | €50,337 | +€7,423 | +17.3% |
| Financial debts | 43 | €45,906 | €33,699 | -€12,207 | -26.6% |
| Credit institutions | 430/8 | €45,906 | €33,699 | -€12,207 | -26.6% |
| Trade debts | 44 | €245,063 | €150,141 | -€94,923 | -38.7% |
| Suppliers | 440/4 | €245,063 | €150,141 | -€94,923 | -38.7% |
| Taxes, remuneration and social security | 45 | €32,235 | €1,382 | -€30,853 | -95.7% |
| Taxes | 450/3 | €24,679 | €1,364 | -€23,315 | -94.5% |
| Remuneration and social security | 454/9 | €7,557 | €18 | -€7,538 | -99.8% |
| Other amounts payable | 47/48 | - | €32,085 | +€32,085 | |
| Accrued charges and deferred income | 492/3 | €5,663 | €0 | -€5,663 | -100% |
| Remuneration, social security and pensions | 62 | €472,198 | €414,710 | -€57,488 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,927 | €54,526 | -€9,401 | -14.7% |
| Other operating charges | 640/8 | €8,967 | €15,061 | +€6,094 | +68.0% |
| Non-recurring operating charges | 66A | - | €25,126 | +€25,126 | |
| Gross operating margin | 9900 | €456,963 | €536,444 | +€79,481 | +17.4% |
| Operating profit (loss) | 9901 | -€88,129 | €27,020 | +€115,149 | |
| Financial charges | 65/66B | €11,987 | €13,107 | +€1,120 | +9.3% |
| Recurring financial charges | 65 | €11,987 | €13,107 | +€1,120 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€100,116 | €13,913 | +€114,028 | |
| Income taxes | 67/77 | -€904 | €3,801 | +€4,705 | |
| Profit (loss) for the period | 9904 | -€99,212 | €10,112 | +€109,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,212 | €10,112 | +€109,323 |
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.