QUALITY 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.
QUALITY RENT
Largest movements
- Tangible fixed assets -€39,307
down €39,307 (-21.6%), from €181,971 to €142,664
of which Leasing and similar rights: -€36,916
- Cash +€35,143
up €35,143 (+92.1%), from €38,170 to €73,313
mainly Depreciation (+€41,914) and Net result for the year (+€27,435)
- Debts after one year -€47,192
down €47,192 (-37.5%), from €125,764 to €78,572
- Reserves +€27,435
up €27,435 (+95.5%), from €28,718 to €56,153
- Tax, wage and social debts +€9,587
up €9,587 (+89.5%), from €10,712 to €20,299
of which Taxes: +€9,087
- Trade debts +€3,628
up €3,628 (+311%), from €1,166 to €4,793
- Other debts +€2,599
up €2,599 (+41.4%), from €6,279 to €8,878
- Gross operating margin +€22,238
up €22,238 (+29.7%), from €74,977 to €97,215
- Depreciation +€8,700
up €8,700 (+26.2%), from €33,214 to €41,914
- Taxes +€7,945
up €7,945 (+77.6%), from €10,236 to €18,181
- Other operating charges +€2,437
up €2,437 (+232%), from €1,051 to €3,488
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 | €235,494 | €232,598 | -€2,895 | -1.2% |
| Fixed assets | 21/28 | €182,106 | €142,799 | -€39,307 | -21.6% |
| Tangible fixed assets | 22/27 | €181,971 | €142,664 | -€39,307 | -21.6% |
| Plant, machinery and equipment | 23 | €478 | €2,603 | +€2,126 | +445% |
| Furniture and vehicles | 24 | €13,418 | €10,160 | -€3,258 | -24.3% |
| Leasing and similar rights | 25 | €157,604 | €120,687 | -€36,916 | -23.4% |
| Other tangible fixed assets | 26 | €10,472 | €9,213 | -€1,259 | -12.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €53,387 | €89,799 | +€36,412 | +68.2% |
| Amounts receivable within one year | 40/41 | €15,217 | €15,324 | +€107 | +0.7% |
| Trade receivables | 40 | €14,725 | €15,169 | +€444 | +3.0% |
| Other amounts receivable | 41 | €492 | €155 | -€337 | -68.5% |
| Cash at bank and in hand | 54/58 | €38,170 | €73,313 | +€35,143 | +92.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1,162 | +€1,162 | |
| Total equity and liabilities | 10/49 | €235,494 | €232,598 | -€2,895 | -1.2% |
| Equity | 10/15 | €47,318 | €74,753 | +€27,435 | +58.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,718 | €56,153 | +€27,435 | +95.5% |
| Distributable reserves | 133 | €28,718 | €56,153 | +€27,435 | +95.5% |
| Amounts payable | 17/49 | €188,175 | €157,845 | -€30,330 | -16.1% |
| Amounts payable after more than one year | 17 | €125,764 | €78,572 | -€47,192 | -37.5% |
| Financial debts | 170/4 | €125,764 | €78,572 | -€47,192 | -37.5% |
| Amounts payable within one year | 42/48 | €62,411 | €79,273 | +€16,861 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €44,255 | €45,303 | +€1,048 | +2.4% |
| Trade debts | 44 | €1,166 | €4,793 | +€3,628 | +311% |
| Suppliers | 440/4 | €1,166 | €4,793 | +€3,628 | +311% |
| Taxes, remuneration and social security | 45 | €10,712 | €20,299 | +€9,587 | +89.5% |
| Taxes | 450/3 | €10,212 | €19,299 | +€9,087 | +89.0% |
| Remuneration and social security | 454/9 | €500 | €1,000 | +€500 | +100% |
| Other amounts payable | 47/48 | €6,279 | €8,878 | +€2,599 | +41.4% |
| Non-recurring operating income | 76A | €5,500 | €32,022 | +€26,522 | +482% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,214 | €41,914 | +€8,700 | +26.2% |
| Other operating charges | 640/8 | €1,051 | €3,488 | +€2,437 | +232% |
| Gross operating margin | 9900 | €74,977 | €97,215 | +€22,238 | +29.7% |
| Operating profit (loss) | 9901 | €40,712 | €51,813 | +€11,102 | +27.3% |
| Financial income | 75/76B | €34 | €101 | +€66 | +194% |
| Recurring financial income | 75 | €34 | €101 | +€66 | +194% |
| Financial charges | 65/66B | €6,741 | €6,298 | -€443 | -6.6% |
| Recurring financial charges | 65 | €6,741 | €6,298 | -€443 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €34,005 | €45,616 | +€11,610 | +34.1% |
| Income taxes | 67/77 | €10,236 | €18,181 | +€7,945 | +77.6% |
| Profit (loss) for the period | 9904 | €23,769 | €27,435 | +€3,666 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,769 | €27,435 | +€3,666 | +15.4% |
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.