P & VB 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.
P & VB RENT
Largest movements
- Tangible fixed assets +€935,213
up €935,213 (+162%), from €576,276 to €1.5m
- Financial fixed assets +€214,000
up €214,000 (+231%), from €92,625 to €306,625
- Cash -€35,927
down €35,927 (-29.8%), from €120,469 to €84,542
mainly Investment in fixed assets (net) (-€1.3m) and Tax, wage and social debts (-€7,038)
- Debts after one year +€1.1m
up €1.1m (+511%), from €215,639 to €1.3m
of which Other amounts payable: +€1.1m
- Other debts +€30,496
up €30,496 (+509%), from €5,991 to €36,487
- Depreciation +€120,361
up €120,361 (+330%), from €36,426 to €156,787
- Gross operating margin +€43,202
up €43,202 (+31.2%), from €138,429 to €181,630
- Taxes -€17,146
down €17,146 (-100%), from €17,146 to €0
- Financial income +€8,091
up €8,091 (+256%), from €3,166 to €11,258
- Other operating charges +€5,147
up €5,147 (+24.1%), from €21,333 to €26,480
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 | €792,855 | €1,910,289 | +€1.1m | +141% |
| Fixed assets | 21/28 | €668,901 | €1,818,114 | +€1.1m | +172% |
| Tangible fixed assets | 22/27 | €576,276 | €1,511,489 | +€935,213 | +162% |
| Land and buildings | 22 | €576,276 | €1,511,489 | +€935,213 | +162% |
| Financial fixed assets | 28 | €92,625 | €306,625 | +€214,000 | +231% |
| Current assets | 29/58 | €123,954 | €92,175 | -€31,780 | -25.6% |
| Amounts receivable within one year | 40/41 | €0 | €1,802 | +€1,802 | |
| Trade receivables | 40 | €0 | €1,802 | +€1,802 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €120,469 | €84,542 | -€35,927 | -29.8% |
| Deferred charges and accrued income | 490/1 | €3,486 | €5,831 | +€2,345 | +67.3% |
| Total equity and liabilities | 10/49 | €792,855 | €1,910,289 | +€1.1m | +141% |
| Equity | 10/15 | €522,645 | €518,101 | -€4,544 | -0.9% |
| Contributions | 10/11 | €539,336 | €539,336 | = | 0.0% |
| Revaluation surpluses | 12 | €349,615 | €349,615 | = | 0.0% |
| Reserves | 13 | €1,981 | €1,981 | = | 0.0% |
| Tax-exempt reserves | 132 | €25 | €25 | = | 0.0% |
| Distributable reserves | 133 | €1,956 | €1,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€368,288 | -€372,831 | -€4,544 | -1.2% |
| Amounts payable | 17/49 | €270,211 | €1,392,188 | +€1.1m | +415% |
| Amounts payable after more than one year | 17 | €215,639 | €1,317,176 | +€1.1m | +511% |
| Financial debts | 170/4 | €21,963 | €0 | -€21,963 | -100% |
| Other amounts payable | 178/9 | €193,676 | €1,317,176 | +€1.1m | +580% |
| Amounts payable within one year | 42/48 | €43,699 | €65,813 | +€22,114 | +50.6% |
| Current portion of amounts payable after more than one year | 42 | €23,846 | €19,811 | -€4,035 | -16.9% |
| Trade debts | 44 | €2,882 | €5,573 | +€2,691 | +93.4% |
| Suppliers | 440/4 | €2,882 | €5,573 | +€2,691 | +93.4% |
| Taxes, remuneration and social security | 45 | €10,980 | €3,942 | -€7,038 | -64.1% |
| Taxes | 450/3 | €10,980 | €3,942 | -€7,038 | -64.1% |
| Other amounts payable | 47/48 | €5,991 | €36,487 | +€30,496 | +509% |
| Accrued charges and deferred income | 492/3 | €10,873 | €9,199 | -€1,674 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,426 | €156,787 | +€120,361 | +330% |
| Other operating charges | 640/8 | €21,333 | €26,480 | +€5,147 | +24.1% |
| Gross operating margin | 9900 | €138,429 | €181,630 | +€43,202 | +31.2% |
| Operating profit (loss) | 9901 | €80,670 | -€1,636 | -€82,306 | |
| Financial income | 75/76B | €3,166 | €11,258 | +€8,091 | +256% |
| Recurring financial income | 75 | €3,166 | €11,258 | +€8,091 | +256% |
| Financial charges | 65/66B | €16,743 | €14,165 | -€2,578 | -15.4% |
| Recurring financial charges | 65 | €16,743 | €14,165 | -€2,578 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €67,093 | -€4,544 | -€71,637 | |
| Income taxes | 67/77 | €17,146 | €0 | -€17,146 | -100% |
| Profit (loss) for the period | 9904 | €49,948 | -€4,544 | -€54,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,948 | -€4,544 | -€54,491 |
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 15 October 2026 via checked.be.