Rent Office: what changed
What changed
Rent Office
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€45,870
2024 · €42,147+€3,722
Equity
€1.4m
2024 · €1.3m+€45,870
Cash
€346,666
2024 · €473,958-€127,292
Balance sheet total
€4.1m
2024 · €4.1m+€15,383
Largest movements
Assets
- Cash -€127,292
down €127,292 (-26.9%), from €473,958 to €346,666
mainly Investment in fixed assets (net) (-€234,152) and Debts after one year (-€51,121)
- Tangible fixed assets +€112,714
up €112,714 (+3.4%), from €3.3m to €3.4m
of which Assets under construction and advance payments: +€216,488
Equity and liabilities
- Debts after one year -€51,121
down €51,121 (-2.1%), from €2.4m to €2.4m
- Reserves +€45,870
up €45,870 (+4.6%), from €1.0m to €1.1m
of which Distributable reserves: +€65,499
Income statement
- Financial income -€20,383
down €20,383 (-93.1%), from €21,887 to €1,504
- Other operating charges -€14,584
down €14,584 (-44.6%), from €32,721 to €18,137
- Gross operating margin +€14,157
up €14,157 (+5.0%), from €285,279 to €299,436
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
€42,147
Gross operating margin
+€14,157
Depreciation
-€2,956
Other operating charges
+€14,584
Financial income
-€20,383
Financial charges
+€642
Taxes
-€2,322
Result 2025
€45,870
raises the resultlowers the result
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
+€159,034
Investment
-€235,205
Financing
-€51,121
Cash 2024
€473,958
From operations (derived)
+€159,034
Net result for the year
+€45,870
Depreciation
+€121,438
Receivables within one year
-€29,167
Deferred charges and accrued income
+€259
Provisions
-€6,543
Trade debts
+€15,770
Tax, wage and social debts
+€3,397
Accrued charges and deferred income
+€8,011
Investment (derived)
-€235,205
Investment in fixed assets (net)
-€234,152
Current investments
-€1,053
Financing
-€51,121
Debts after one year
-€51,121
Cash 2025
€346,666
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,076,309 | €4,091,692 | +€15,383 | +0.4% |
| Fixed assets | 21/28 | €3,275,927 | €3,388,641 | +€112,714 | +3.4% |
| Tangible fixed assets | 22/27 | €3,275,369 | €3,388,083 | +€112,714 | +3.4% |
| Land and buildings | 22 | €2,810,684 | €2,701,892 | -€108,792 | -3.9% |
| Furniture and vehicles | 24 | €31,709 | €30,727 | -€982 | -3.1% |
| Other tangible fixed assets | 26 | - | €6,000 | +€6,000 | |
| Assets under construction and advance payments | 27 | €432,976 | €649,465 | +€216,488 | +50.0% |
| Financial fixed assets | 28 | €558 | €558 | = | 0.0% |
| Current assets | 29/58 | €800,382 | €703,051 | -€97,331 | -12.2% |
| Amounts receivable within one year | 40/41 | €28,137 | €57,304 | +€29,167 | +104% |
| Trade receivables | 40 | - | €10,626 | +€10,626 | |
| Other amounts receivable | 41 | €28,137 | €46,679 | +€18,542 | +65.9% |
| Current investments | 50/53 | €290,945 | €291,997 | +€1,053 | +0.4% |
| Cash at bank and in hand | 54/58 | €473,958 | €346,666 | -€127,292 | -26.9% |
| Deferred charges and accrued income | 490/1 | €7,343 | €7,084 | -€259 | -3.5% |
| Total equity and liabilities | 10/49 | €4,076,309 | €4,091,692 | +€15,383 | +0.4% |
| Equity | 10/15 | €1,348,030 | €1,393,900 | +€45,870 | +3.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,004,571 | €1,050,441 | +€45,870 | +4.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €407,201 | €387,571 | -€19,629 | -4.8% |
| Distributable reserves | 133 | €591,221 | €656,720 | +€65,499 | +11.1% |
| Profit (loss) carried forward | 14 | €281,959 | €281,959 | = | 0.0% |
| Provisions and deferred taxes | 16 | €135,686 | €129,142 | -€6,543 | -4.8% |
| Deferred taxes | 168 | €135,686 | €129,142 | -€6,543 | -4.8% |
| Amounts payable | 17/49 | €2,592,594 | €2,568,650 | -€23,944 | -0.9% |
| Amounts payable after more than one year | 17 | €2,429,614 | €2,378,493 | -€51,121 | -2.1% |
| Financial debts | 170/4 | €2,429,614 | €2,378,493 | -€51,121 | -2.1% |
| Amounts payable within one year | 42/48 | €71,070 | €90,236 | +€19,167 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €126 | €15,896 | +€15,770 | +12,516% |
| Suppliers | 440/4 | €126 | €15,896 | +€15,770 | +12,516% |
| Taxes, remuneration and social security | 45 | €20,944 | €24,340 | +€3,397 | +16.2% |
| Taxes | 450/3 | €20,944 | €24,340 | +€3,397 | +16.2% |
| Accrued charges and deferred income | 492/3 | €91,910 | €99,920 | +€8,011 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,482 | €121,438 | +€2,956 | +2.5% |
| Other operating charges | 640/8 | €32,721 | €18,137 | -€14,584 | -44.6% |
| Gross operating margin | 9900 | €285,279 | €299,436 | +€14,157 | +5.0% |
| Operating profit (loss) | 9901 | €134,076 | €159,861 | +€25,785 | +19.2% |
| Financial income | 75/76B | €21,887 | €1,504 | -€20,383 | -93.1% |
| Recurring financial income | 75 | €21,887 | €1,504 | -€20,383 | -93.1% |
| Financial charges | 65/66B | €89,986 | €89,344 | -€642 | -0.7% |
| Recurring financial charges | 65 | €89,986 | €89,344 | -€642 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €65,976 | €72,020 | +€6,044 | +9.2% |
| Transfer from deferred taxes | 780 | €6,543 | €6,543 | = | 0.0% |
| Income taxes | 67/77 | €30,372 | €32,694 | +€2,322 | +7.6% |
| Profit (loss) for the period | 9904 | €42,147 | €45,870 | +€3,722 | +8.8% |
| Transfer from tax-exempt reserves | 789 | €19,629 | €19,629 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,777 | €65,499 | +€3,722 | +6.0% |
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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 2 November 2026 via checked.be.