MULTI VEHICLE RENT: what changed
What changed
MULTI VEHICLE RENT
NACE 77.120, Rental and leasing activities
filed annual accounts (NBB)
Net result for the year
€249,872
2024 · €364,343-€114,471
Equity
€2.9m
2024 · €2.7m+€249,872
Cash
€55,068
2024 · €43,983+€11,085
Balance sheet total
€3.9m
2024 · €3.9m+€46,834
Largest movements
Assets
- Receivables within one year +€607,424
up €607,424 (+56.7%), from €1.1m to €1.7m
of which Other amounts receivable: +€537,869
- Tangible fixed assets -€580,965
down €580,965 (-21.1%), from €2.7m to €2.2m
of which Other tangible fixed assets: -€1.3m
Equity and liabilities
- Profit (loss) carried forward +€316,372
up €316,372 (+19.5%), from €1.6m to €1.9m
- Debts after one year -€236,667
down €236,667 (-30.9%), from €765,834 to €529,167
- Reserves -€66,500
down €66,500 (-7.7%), from €867,919 to €801,419
of which Tax-exempt reserves: -€66,500
- Trade debts +€48,877
up €48,877 (+55.8%), from €87,658 to €136,535
Income statement
- Depreciation +€95,710
up €95,710 (+19.8%), from €482,934 to €578,644
- Gross operating margin -€46,071
down €46,071 (-4.6%), from €995,541 to €949,470
- Financial income +€20,485
up €20,485 (+142%), from €14,422 to €34,907
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€364,343
Gross operating margin
-€46,071
Depreciation
-€95,710
Other operating charges
-€1,213
Other operating items
-€2,893
Financial income
+€20,485
Financial charges
+€4,725
Taxes
+€6,207
Result 2025
€249,872
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€244,859
Investment
+€2,893
Financing
-€236,667
Cash 2024
€43,983
From operations (derived)
+€244,859
Net result for the year
+€249,872
Depreciation
+€578,644
Stocks and contracts
-€6,741
Receivables within one year
-€607,424
Deferred charges and accrued income
-€3,120
Provisions
-€14,000
Trade debts
+€48,877
Tax, wage and social debts
-€1,248
Investment (derived)
+€2,893
Investment in fixed assets (net)
+€2,893
Financing
-€236,667
Debts after one year
-€236,667
Cash 2025
€55,068
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,883,497 | €3,930,331 | +€46,834 | +1.2% |
| Fixed assets | 21/28 | €2,752,183 | €2,170,646 | -€581,537 | -21.1% |
| Tangible fixed assets | 22/27 | €2,749,271 | €2,168,306 | -€580,965 | -21.1% |
| Land and buildings | 22 | €8,189 | €1,096,667 | +€1.1m | +13,293% |
| Plant, machinery and equipment | 23 | €62,249 | €47,111 | -€15,138 | -24.3% |
| Furniture and vehicles | 24 | €1,414,033 | €1,024,529 | -€389,504 | -27.5% |
| Leasing and similar rights | 25 | €11,468 | €0 | -€11,468 | -100% |
| Other tangible fixed assets | 26 | €1,253,333 | €0 | -€1.3m | -100% |
| Financial fixed assets | 28 | €2,912 | €2,340 | -€572 | -19.6% |
| Current assets | 29/58 | €1,131,314 | €1,759,685 | +€628,371 | +55.5% |
| Stocks and contracts in progress | 3 | €5,364 | €12,105 | +€6,741 | +126% |
| Stocks | 30/36 | €5,364 | €12,105 | +€6,741 | +126% |
| Amounts receivable within one year | 40/41 | €1,071,035 | €1,678,459 | +€607,424 | +56.7% |
| Trade receivables | 40 | €126,445 | €196,000 | +€69,555 | +55.0% |
| Other amounts receivable | 41 | €944,590 | €1,482,459 | +€537,869 | +56.9% |
| Cash at bank and in hand | 54/58 | €43,983 | €55,068 | +€11,085 | +25.2% |
| Deferred charges and accrued income | 490/1 | €10,932 | €14,052 | +€3,120 | +28.5% |
| Total equity and liabilities | 10/49 | €3,883,497 | €3,930,331 | +€46,834 | +1.2% |
| Equity | 10/15 | €2,667,445 | €2,917,317 | +€249,872 | +9.4% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €867,919 | €801,419 | -€66,500 | -7.7% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €849,919 | €783,419 | -€66,500 | -7.8% |
| Profit (loss) carried forward | 14 | €1,619,526 | €1,935,898 | +€316,372 | +19.5% |
| Provisions and deferred taxes | 16 | €112,000 | €98,000 | -€14,000 | -12.5% |
| Deferred taxes | 168 | €112,000 | €98,000 | -€14,000 | -12.5% |
| Amounts payable | 17/49 | €1,104,052 | €915,014 | -€189,038 | -17.1% |
| Amounts payable after more than one year | 17 | €765,834 | €529,167 | -€236,667 | -30.9% |
| Financial debts | 170/4 | €765,834 | €529,167 | -€236,667 | -30.9% |
| Amounts payable within one year | 42/48 | €338,218 | €385,847 | +€47,628 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €236,667 | €236,667 | = | 0.0% |
| Trade debts | 44 | €87,658 | €136,535 | +€48,877 | +55.8% |
| Suppliers | 440/4 | €87,658 | €136,535 | +€48,877 | +55.8% |
| Taxes, remuneration and social security | 45 | €13,893 | €12,645 | -€1,248 | -9.0% |
| Taxes | 450/3 | €13,893 | €12,645 | -€1,248 | -9.0% |
| Non-recurring operating income | 76A | €69,000 | €75,922 | +€6,922 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482,934 | €578,644 | +€95,710 | +19.8% |
| Other operating charges | 640/8 | €36,039 | €37,252 | +€1,213 | +3.4% |
| Non-recurring operating charges | 66A | - | €2,893 | +€2,893 | |
| Gross operating margin | 9900 | €995,541 | €949,470 | -€46,071 | -4.6% |
| Operating profit (loss) | 9901 | €476,568 | €330,680 | -€145,888 | -30.6% |
| Financial income | 75/76B | €14,422 | €34,907 | +€20,485 | +142% |
| Recurring financial income | 75 | €14,422 | €34,907 | +€20,485 | +142% |
| Financial charges | 65/66B | €26,754 | €22,029 | -€4,725 | -17.7% |
| Recurring financial charges | 65 | €26,754 | €22,029 | -€4,725 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €464,237 | €343,559 | -€120,678 | -26.0% |
| Transfer from deferred taxes | 780 | €14,000 | €14,000 | = | 0.0% |
| Income taxes | 67/77 | €113,893 | €107,687 | -€6,207 | -5.4% |
| Profit (loss) for the period | 9904 | €364,343 | €249,872 | -€114,471 | -31.4% |
| Transfer from tax-exempt reserves | 789 | €42,000 | €66,500 | +€24,500 | +58.3% |
| Transfer to tax-exempt reserves | 689 | €24,500 | €0 | -€24,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €381,843 | €316,372 | -€65,471 | -17.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.