RENTAG: 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.
RENTAG
Largest movements
- Tangible fixed assets -€110,995
down €110,995 (-11.9%), from €930,851 to €819,857
- Receivables within one year -€67,422
down €67,422 (-43.1%), from €156,475 to €89,053
of which Trade receivables: -€92,077
- Debts after one year -€142,713
down €142,713 (-35.0%), from €407,931 to €265,218
- Profit (loss) carried forward +€67,561
up €67,561 (+20.1%), from €336,259 to €403,820
- Current portion of long-term debt -€57,346
down €57,346 (-40.5%), from €141,524 to €84,178
- Tax, wage and social debts -€35,767
down €35,767 (-97.3%), from €36,747 to €980
of which Taxes: -€35,767
- Other debts -€11,870
down €11,870 (-35.8%), from €33,125 to €21,255
- Depreciation +€17,286
up €17,286 (+13.4%), from €128,920 to €146,206
- Gross operating margin -€13,543
down €13,543 (-4.7%), from €285,908 to €272,365
- Taxes -€11,900
down €11,900 (-32.3%), from €36,881 to €24,980
- Other operating charges +€7,054
up €7,054 (+45.5%), from €15,508 to €22,561
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.
Cash bridge derived
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 | €1,115,365 | €944,599 | -€170,766 | -15.3% |
| Fixed assets | 21/28 | €930,851 | €819,857 | -€110,995 | -11.9% |
| Tangible fixed assets | 22/27 | €930,851 | €819,857 | -€110,995 | -11.9% |
| Land and buildings | 22 | €655,247 | €625,222 | -€30,024 | -4.6% |
| Furniture and vehicles | 24 | €105,284 | €75,014 | -€30,270 | -28.8% |
| Leasing and similar rights | 25 | €170,320 | €119,620 | -€50,700 | -29.8% |
| Current assets | 29/58 | €184,514 | €124,742 | -€59,771 | -32.4% |
| Amounts receivable within one year | 40/41 | €156,475 | €89,053 | -€67,422 | -43.1% |
| Trade receivables | 40 | €153,623 | €61,546 | -€92,077 | -59.9% |
| Other amounts receivable | 41 | €2,852 | €27,507 | +€24,655 | +864.6% |
| Cash at bank and in hand | 54/58 | €6,024 | €10,426 | +€4,403 | +73.1% |
| Deferred charges and accrued income | 490/1 | €22,015 | €25,263 | +€3,248 | +14.8% |
| Total equity and liabilities | 10/49 | €1,115,365 | €944,599 | -€170,766 | -15.3% |
| Equity | 10/15 | €426,530 | €494,091 | +€67,561 | +15.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €71,721 | €71,721 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,267 | €9,267 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,267 | €9,267 | = | 0.0% |
| Distributable reserves | 133 | €62,455 | €62,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | €336,259 | €403,820 | +€67,561 | +20.1% |
| Amounts payable | 17/49 | €688,835 | €450,508 | -€238,327 | -34.6% |
| Amounts payable after more than one year | 17 | €407,931 | €265,218 | -€142,713 | -35.0% |
| Financial debts | 170/4 | €407,931 | €265,218 | -€142,713 | -35.0% |
| Amounts payable within one year | 42/48 | €280,905 | €185,290 | -€95,614 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €141,524 | €84,178 | -€57,346 | -40.5% |
| Trade debts | 44 | €69,509 | €78,877 | +€9,368 | +13.5% |
| Suppliers | 440/4 | €69,509 | €78,877 | +€9,368 | +13.5% |
| Taxes, remuneration and social security | 45 | €36,747 | €980 | -€35,767 | -97.3% |
| Taxes | 450/3 | €36,747 | €980 | -€35,767 | -97.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €33,125 | €21,255 | -€11,870 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,920 | €146,206 | +€17,286 | +13.4% |
| Other operating charges | 640/8 | €15,508 | €22,561 | +€7,054 | +45.5% |
| Gross operating margin | 9900 | €285,908 | €272,365 | -€13,543 | -4.7% |
| Operating profit (loss) | 9901 | €141,481 | €103,598 | -€37,882 | -26.8% |
| Financial charges | 65/66B | €10,679 | €11,057 | +€377 | +3.5% |
| Recurring financial charges | 65 | €10,679 | €11,057 | +€377 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €130,801 | €92,542 | -€38,260 | -29.3% |
| Income taxes | 67/77 | €36,881 | €24,980 | -€11,900 | -32.3% |
| Profit (loss) for the period | 9904 | €93,921 | €67,561 | -€26,359 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,921 | €67,561 | -€26,359 | -28.1% |
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 12 October 2026 via checked.be.