RENTAL MANAGEMENT: what changed
RENTAL MANAGEMENT
Largest movements
- Cash +€6,356
up €6,356 (+17.5%), from €36,324 to €42,680
mainly Net result for the year (+€75,444) and Tax, wage and social debts (+€6,650)
- Receivables within one year +€3,986
up €3,986 (+14.5%), from €27,524 to €31,510
of which Trade receivables: +€9,434
- Intangible fixed assets -€3,413
down €3,413 (-16.0%), from €21,326 to €17,913
- Tangible fixed assets -€980
down €980 (-21.2%), from €4,615 to €3,636
of which Plant, machinery and equipment: -€610
- Profit (loss) carried forward +€75,444
up €75,444 (+88.7%), from -€85,048 to -€9,604
- Trade debts -€66,418
down €66,418 (-48.2%), from €137,677 to €71,258
- Other debts -€9,725
down €9,725 (-98.9%), from €9,831 to €106
- Tax, wage and social debts +€6,650
up €6,650 (+49.9%), from €13,330 to €19,979
of which Taxes: +€6,650
- Gross operating margin +€81,274
up €81,274, from -€1,102 to €80,172
- Staff costs -€17,789
down €17,789, from €17,678 to -€111
- Other operating charges -€2,878
down €2,878 (-89.7%), from €3,208 to €330
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,789 | €95,739 | +€5,950 | +6.6% |
| Fixed assets | 21/28 | €25,941 | €21,549 | -€4,392 | -16.9% |
| Intangible fixed assets | 21 | €21,326 | €17,913 | -€3,413 | -16.0% |
| Tangible fixed assets | 22/27 | €4,615 | €3,636 | -€980 | -21.2% |
| Plant, machinery and equipment | 23 | €1,424 | €815 | -€610 | -42.8% |
| Other tangible fixed assets | 26 | €3,191 | €2,821 | -€370 | -11.6% |
| Current assets | 29/58 | €63,848 | €74,191 | +€10,342 | +16.2% |
| Amounts receivable within one year | 40/41 | €27,524 | €31,510 | +€3,986 | +14.5% |
| Trade receivables | 40 | €4,782 | €14,215 | +€9,434 | +197% |
| Other amounts receivable | 41 | €22,743 | €17,295 | -€5,448 | -24.0% |
| Cash at bank and in hand | 54/58 | €36,324 | €42,680 | +€6,356 | +17.5% |
| Total equity and liabilities | 10/49 | €89,789 | €95,739 | +€5,950 | +6.6% |
| Equity | 10/15 | -€71,048 | €4,396 | +€75,444 | |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,048 | -€9,604 | +€75,444 | +88.7% |
| Amounts payable | 17/49 | €160,837 | €91,343 | -€69,494 | -43.2% |
| Amounts payable within one year | 42/48 | €160,837 | €91,343 | -€69,494 | -43.2% |
| Trade debts | 44 | €137,677 | €71,258 | -€66,418 | -48.2% |
| Suppliers | 440/4 | €137,677 | €71,258 | -€66,418 | -48.2% |
| Taxes, remuneration and social security | 45 | €13,330 | €19,979 | +€6,650 | +49.9% |
| Taxes | 450/3 | €11,218 | €17,867 | +€6,650 | +59.3% |
| Remuneration and social security | 454/9 | €2,112 | €2,112 | = | 0.0% |
| Other amounts payable | 47/48 | €9,831 | €106 | -€9,725 | -98.9% |
| Remuneration, social security and pensions | 62 | €17,678 | -€111 | -€17,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,915 | €4,392 | -€522 | -10.6% |
| Other operating charges | 640/8 | €3,208 | €330 | -€2,878 | -89.7% |
| Non-recurring operating charges | 66A | €1,120 | - | -€1,120 | |
| Gross operating margin | 9900 | -€1,102 | €80,172 | +€81,274 | |
| Operating profit (loss) | 9901 | -€28,023 | €75,561 | +€103,584 | |
| Financial income | 75/76B | €8 | €9 | +€0 | +4.5% |
| Recurring financial income | 75 | €8 | €9 | +€0 | +4.5% |
| Financial charges | 65/66B | €86 | €125 | +€39 | +45.9% |
| Recurring financial charges | 65 | €86 | €125 | +€39 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,101 | €75,444 | +€103,545 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€28,101 | €75,444 | +€103,545 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,101 | €75,444 | +€103,545 |
Next steps
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 4 November 2026 via checked.be.