RENT - HOUSE: 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.
What changed
RENT - HOUSE
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,800
2024 · -€1,830-€2,970
Equity
€233,669
2024 · €237,003-€3,334
Cash
€11,069
2024 · €11,709-€640
Balance sheet total
€639,059
2024 · €530,865+€108,194
Largest movements
Assets
- Tangible fixed assets +€108,834
up €108,834 (+23.7%), from €459,782 to €568,616
Equity and liabilities
- Other debts +€121,159
up €121,159 (+207%), from €58,452 to €179,611
- Current portion of long-term debt -€14,369
no longer reported in 2025 (was €14,369)
Income statement
- Purchases and services -€12,119
down €12,119 (-26.2%), from €46,177 to €34,058
- Turnover -€7,156
down €7,156 (-4.7%), from €152,957 to €145,801
- Gross operating margin +€4,963
up €4,963 (+4.6%), from €106,780 to €111,743
- Depreciation +€3,655
up €3,655 (+15.7%), from €23,341 to €26,996
- Financial charges +€2,834
up €2,834 (+36.7%), from €7,732 to €10,566
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.
Result 2024
-€1,830
Gross operating margin
+€4,963
Staff costs
-€267
Depreciation
-€3,655
Other operating charges
-€1,604
Financial charges
-€2,834
Taxes
+€427
Result 2025
-€4,800
raises the resultlowers the result
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.
From operations
+€146,469
Investment
-€135,830
Financing
-€11,279
Cash 2024
€11,709
From operations (derived)
+€146,469
Net result for the year
-€4,800
Depreciation
+€26,996
Provisions
-€1,467
Trade debts
+€1,148
Other debts
+€121,159
Accrued charges and deferred income
+€3,433
Investment (derived)
-€135,830
Investment in fixed assets (net)
-€135,830
Financing
-€11,279
Debts after one year
+€500
Current portion of long-term debt
-€14,369
Short-term financial debts
+€1,124
Contributions, distributions and other
+€1,466
Cash 2025
€11,069
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €530,865 | €639,059 | +€108,194 | +20.4% |
| Fixed assets | 21/28 | €459,876 | €568,710 | +€108,834 | +23.7% |
| Tangible fixed assets | 22/27 | €459,782 | €568,616 | +€108,834 | +23.7% |
| Land and buildings | 22 | €459,782 | €568,616 | +€108,834 | +23.7% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €70,989 | €70,349 | -€640 | -0.9% |
| Amounts receivable within one year | 40/41 | €59,280 | €59,280 | = | 0.0% |
| Other amounts receivable | 41 | €59,280 | €59,280 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,709 | €11,069 | -€640 | -5.5% |
| Total equity and liabilities | 10/49 | €530,865 | €639,059 | +€108,194 | +20.4% |
| Equity | 10/15 | €237,003 | €233,669 | -€3,334 | -1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €62,201 | €59,354 | -€2,847 | -4.6% |
| Tax-exempt reserves | 132 | €62,201 | €59,354 | -€2,847 | -4.6% |
| Profit (loss) carried forward | 14 | €112,802 | €112,315 | -€487 | -0.4% |
| Provisions and deferred taxes | 16 | €32,259 | €30,792 | -€1,467 | -4.5% |
| Deferred taxes | 168 | €32,259 | €30,792 | -€1,467 | -4.5% |
| Amounts payable | 17/49 | €261,603 | €374,598 | +€112,995 | +43.2% |
| Amounts payable after more than one year | 17 | €8,250 | €8,750 | +€500 | +6.1% |
| Other amounts payable | 178/9 | €8,250 | €8,750 | +€500 | +6.1% |
| Amounts payable within one year | 42/48 | €244,755 | €353,817 | +€109,062 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €14,369 | - | -€14,369 | |
| Financial debts | 43 | €170,000 | €171,124 | +€1,124 | +0.7% |
| Credit institutions | 430/8 | €170,000 | €171,124 | +€1,124 | +0.7% |
| Trade debts | 44 | €1,934 | €3,082 | +€1,148 | +59.4% |
| Suppliers | 440/4 | €1,934 | €3,082 | +€1,148 | +59.4% |
| Other amounts payable | 47/48 | €58,452 | €179,611 | +€121,159 | +207% |
| Accrued charges and deferred income | 492/3 | €8,598 | €12,031 | +€3,433 | +39.9% |
| Turnover | 70 | €152,957 | €145,801 | -€7,156 | -4.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €46,177 | €34,058 | -€12,119 | -26.2% |
| Remuneration, social security and pensions | 62 | €64,269 | €64,536 | +€267 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,341 | €26,996 | +€3,655 | +15.7% |
| Other operating charges | 640/8 | €11,871 | €13,475 | +€1,604 | +13.5% |
| Gross operating margin | 9900 | €106,780 | €111,743 | +€4,963 | +4.6% |
| Operating profit (loss) | 9901 | €7,299 | €6,736 | -€563 | -7.7% |
| Financial charges | 65/66B | €7,732 | €10,566 | +€2,834 | +36.7% |
| Recurring financial charges | 65 | €7,732 | €10,566 | +€2,834 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | -€433 | -€3,830 | -€3,397 | -785% |
| Income taxes | 67/77 | €1,397 | €970 | -€427 | -30.6% |
| Profit (loss) for the period | 9904 | -€1,830 | -€4,800 | -€2,970 | -162% |
| Transfer from tax-exempt reserves | 789 | €4,313 | €4,313 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,483 | -€487 | -€2,970 |
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 21 October 2026 via checked.be.