Rentair: 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.
Rentair
Largest movements
- Tangible fixed assets +€211,099
up €211,099 (+17.1%), from €1.2m to €1.4m
of which Plant, machinery and equipment: +€208,719
- Cash +€192,109
up €192,109 (+221%), from €86,982 to €279,091
mainly Depreciation (+€498,072) and Net result for the year (+€397,027)
- Receivables within one year -€169,302
down €169,302 (-20.6%), from €821,137 to €651,835
of which Trade receivables: -€161,634
- Reserves +€397,027
up €397,027 (+42.7%), from €929,029 to €1.3m
- Current portion of long-term debt -€111,526
down €111,526 (-30.2%), from €369,870 to €258,344
- Trade debts -€102,385
down €102,385 (-18.9%), from €542,443 to €440,059
- Debts after one year +€51,395
up €51,395 (+23.1%), from €222,476 to €273,871
- Tax, wage and social debts +€33,184
up €33,184 (+79.7%), from €41,658 to €74,842
of which Taxes: +€38,495
- Depreciation +€230,639
up €230,639 (+86.2%), from €267,433 to €498,072
- Gross operating margin +€228,219
up €228,219 (+20.0%), from €1.1m to €1.4m
- Staff costs -€61,017
down €61,017 (-19.4%), from €314,052 to €253,035
- Taxes +€34,719
up €34,719 (+23.9%), from €145,437 to €180,156
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 | €2,167,071 | €2,393,172 | +€226,100 | +10.4% |
| Fixed assets | 21/28 | €1,242,103 | €1,446,418 | +€204,315 | +16.4% |
| Intangible fixed assets | 21 | €333 | €0 | -€333 | -100% |
| Tangible fixed assets | 22/27 | €1,235,319 | €1,446,418 | +€211,099 | +17.1% |
| Plant, machinery and equipment | 23 | €1,188,897 | €1,397,616 | +€208,719 | +17.6% |
| Furniture and vehicles | 24 | €46,422 | €48,802 | +€2,380 | +5.1% |
| Financial fixed assets | 28 | €6,451 | €0 | -€6,451 | -100% |
| Current assets | 29/58 | €924,968 | €946,754 | +€21,785 | +2.4% |
| Amounts receivable within one year | 40/41 | €821,137 | €651,835 | -€169,302 | -20.6% |
| Trade receivables | 40 | €799,465 | €637,831 | -€161,634 | -20.2% |
| Other amounts receivable | 41 | €21,672 | €14,004 | -€7,668 | -35.4% |
| Cash at bank and in hand | 54/58 | €86,982 | €279,091 | +€192,109 | +221% |
| Deferred charges and accrued income | 490/1 | €16,849 | €15,827 | -€1,021 | -6.1% |
| Total equity and liabilities | 10/49 | €2,167,071 | €2,393,172 | +€226,100 | +10.4% |
| Equity | 10/15 | €949,029 | €1,346,056 | +€397,027 | +41.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €929,029 | €1,326,056 | +€397,027 | +42.7% |
| Distributable reserves | 133 | €929,029 | €1,326,056 | +€397,027 | +42.7% |
| Amounts payable | 17/49 | €1,218,043 | €1,047,116 | -€170,926 | -14.0% |
| Amounts payable after more than one year | 17 | €222,476 | €273,871 | +€51,395 | +23.1% |
| Financial debts | 170/4 | €222,476 | €273,871 | +€51,395 | +23.1% |
| Amounts payable within one year | 42/48 | €975,911 | €773,246 | -€202,665 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €369,870 | €258,344 | -€111,526 | -30.2% |
| Trade debts | 44 | €542,443 | €440,059 | -€102,385 | -18.9% |
| Suppliers | 440/4 | €542,443 | €440,059 | -€102,385 | -18.9% |
| Taxes, remuneration and social security | 45 | €41,658 | €74,842 | +€33,184 | +79.7% |
| Taxes | 450/3 | €22,168 | €60,663 | +€38,495 | +174% |
| Remuneration and social security | 454/9 | €19,491 | €14,180 | -€5,311 | -27.2% |
| Other amounts payable | 47/48 | €21,939 | €0 | -€21,939 | -100% |
| Accrued charges and deferred income | 492/3 | €19,656 | €0 | -€19,656 | -100% |
| Remuneration, social security and pensions | 62 | €314,052 | €253,035 | -€61,017 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,433 | €498,072 | +€230,639 | +86.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€744 | €1,320 | +€2,064 | |
| Other operating charges | 640/8 | €1,705 | €13,523 | +€11,818 | +693% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,142,482 | €1,370,701 | +€228,219 | +20.0% |
| Operating profit (loss) | 9901 | €560,036 | €604,752 | +€44,716 | +8.0% |
| Financial income | 75/76B | €4,509 | €1,170 | -€3,338 | -74.0% |
| Recurring financial income | 75 | €4,509 | €1,170 | -€3,338 | -74.0% |
| Financial charges | 65/66B | €30,952 | €28,740 | -€2,212 | -7.1% |
| Recurring financial charges | 65 | €30,952 | €28,740 | -€2,212 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €533,593 | €577,182 | +€43,589 | +8.2% |
| Income taxes | 67/77 | €145,437 | €180,156 | +€34,719 | +23.9% |
| Profit (loss) for the period | 9904 | €388,157 | €397,027 | +€8,870 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €388,157 | €397,027 | +€8,870 | +2.3% |
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 24 October 2026 via checked.be.