RENTALOC: 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
RENTALOC
NACE 77.120, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€240,919
2024 · €297,336-€56,417
Equity
€2.3m
2024 · €2.1m+€190,919
Cash
€11,762
2024 · €32,192-€20,429
Balance sheet total
€7.0m
2024 · €5.9m+€1.0m
Largest movements
Assets
- Receivables within one year +€927,672
up €927,672 (+28.7%), from €3.2m to €4.2m
of which Trade receivables: +€1.2m
- Tangible fixed assets +€178,009
up €178,009 (+10.1%), from €1.8m to €1.9m
of which Assets under construction and advance payments: +€285,433
- Intangible fixed assets -€78,422
down €78,422 (-16.6%), from €471,657 to €393,235
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+388%), from €290,193 to €1.4m
- Current portion of long-term debt -€262,041
down €262,041 (-40.0%), from €654,350 to €392,309
- Debts after one year -€241,215
down €241,215 (-20.7%), from €1.2m to €924,514
- Short-term financial debts +€239,088
up €239,088 (+37.4%), from €638,600 to €877,687
of which Other loans: +€200,000
- Profit (loss) carried forward +€190,919
up €190,919 (+10.9%), from €1.8m to €1.9m
Income statement
- Staff costs +€84,176
up €84,176 (+8.0%), from €1.0m to €1.1m
- Gross operating margin +€75,709
up €75,709 (+3.3%), from €2.3m to €2.3m
- Financial charges +€53,902
up €53,902 (+48.1%), from €111,977 to €165,878
- Financial income -€25,479
down €25,479 (-74.9%), from €34,020 to €8,541
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
€297,336
Gross operating margin
+€75,709
Staff costs
-€84,176
Depreciation
+€5,502
Other operating charges
-€4,536
Other operating items
+€7,200
Financial income
-€25,479
Financial charges
-€53,902
Taxes
+€23,265
Result 2025
€240,919
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.0m
Investment
-€751,504
Financing
-€314,168
Cash 2024
€32,192
From operations (derived)
+€1.0m
Net result for the year
+€240,919
Depreciation
+€651,917
Stocks and contracts
-€40,534
Receivables within one year
-€927,672
Deferred charges and accrued income
+€3,283
Trade debts
+€18,024
Tax, wage and social debts
+€29,347
Other debts
+€1.1m
Accrued charges and deferred income
-€55,322
Investment (derived)
-€751,504
Investment in fixed assets (net)
-€751,504
Financing
-€314,168
Debts after one year
-€241,215
Current portion of long-term debt
-€262,041
Short-term financial debts
+€239,088
Contributions, distributions and other
-€50,000
Cash 2025
€11,762
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,906,106 | €6,950,186 | +€1.0m | +17.7% |
| Fixed assets | 21/28 | €2,244,103 | €2,343,690 | +€99,587 | +4.4% |
| Intangible fixed assets | 21 | €471,657 | €393,235 | -€78,422 | -16.6% |
| Tangible fixed assets | 22/27 | €1,765,608 | €1,943,617 | +€178,009 | +10.1% |
| Plant, machinery and equipment | 23 | €377,748 | €303,862 | -€73,886 | -19.6% |
| Furniture and vehicles | 24 | €882,371 | €979,847 | +€97,476 | +11.0% |
| Leasing and similar rights | 25 | €229,217 | €109,584 | -€119,633 | -52.2% |
| Other tangible fixed assets | 26 | €52,249 | €40,868 | -€11,381 | -21.8% |
| Assets under construction and advance payments | 27 | €224,023 | €509,456 | +€285,433 | +127% |
| Financial fixed assets | 28 | €6,838 | €6,838 | = | 0.0% |
| Current assets | 29/58 | €3,662,003 | €4,606,496 | +€944,494 | +25.8% |
| Stocks and contracts in progress | 3 | €280,165 | €320,699 | +€40,534 | +14.5% |
| Stocks | 30/36 | €280,165 | €320,699 | +€40,534 | +14.5% |
| Amounts receivable within one year | 40/41 | €3,234,827 | €4,162,499 | +€927,672 | +28.7% |
| Trade receivables | 40 | €2,612,215 | €3,771,514 | +€1.2m | +44.4% |
| Other amounts receivable | 41 | €622,612 | €390,985 | -€231,627 | -37.2% |
| Cash at bank and in hand | 54/58 | €32,192 | €11,762 | -€20,429 | -63.5% |
| Deferred charges and accrued income | 490/1 | €114,820 | €111,537 | -€3,283 | -2.9% |
| Total equity and liabilities | 10/49 | €5,906,106 | €6,950,186 | +€1.0m | +17.7% |
| Equity | 10/15 | €2,078,710 | €2,269,629 | +€190,919 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,860 | €301,860 | = | 0.0% |
| Distributable reserves | 133 | €301,860 | €301,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,758,250 | €1,949,169 | +€190,919 | +10.9% |
| Amounts payable | 17/49 | €3,827,396 | €4,680,557 | +€853,161 | +22.3% |
| Amounts payable after more than one year | 17 | €1,165,728 | €924,514 | -€241,215 | -20.7% |
| Financial debts | 170/4 | €1,165,728 | €924,514 | -€241,215 | -20.7% |
| Amounts payable within one year | 42/48 | €2,554,169 | €3,703,868 | +€1.1m | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €654,350 | €392,309 | -€262,041 | -40.0% |
| Financial debts | 43 | €638,600 | €877,687 | +€239,088 | +37.4% |
| Credit institutions | 430/8 | €638,600 | €677,687 | +€39,088 | +6.1% |
| Other loans | 439 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €712,357 | €730,381 | +€18,024 | +2.5% |
| Suppliers | 440/4 | €712,357 | €730,381 | +€18,024 | +2.5% |
| Taxes, remuneration and social security | 45 | €258,670 | €288,017 | +€29,347 | +11.3% |
| Taxes | 450/3 | €159,942 | €188,940 | +€28,998 | +18.1% |
| Remuneration and social security | 454/9 | €98,728 | €99,077 | +€349 | +0.4% |
| Other amounts payable | 47/48 | €290,193 | €1,415,474 | +€1.1m | +388% |
| Accrued charges and deferred income | 492/3 | €107,498 | €52,176 | -€55,322 | -51.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,049,119 | €1,133,296 | +€84,176 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €657,420 | €651,917 | -€5,502 | -0.8% |
| Other operating charges | 640/8 | €47,301 | €51,837 | +€4,536 | +9.6% |
| Non-recurring operating charges | 66A | €7,200 | €0 | -€7,200 | -100% |
| Gross operating margin | 9900 | €2,270,440 | €2,346,149 | +€75,709 | +3.3% |
| Operating profit (loss) | 9901 | €509,400 | €509,099 | -€301 | -0.1% |
| Financial income | 75/76B | €34,020 | €8,541 | -€25,479 | -74.9% |
| Recurring financial income | 75 | €34,020 | €8,541 | -€25,479 | -74.9% |
| Financial charges | 65/66B | €111,977 | €165,878 | +€53,902 | +48.1% |
| Recurring financial charges | 65 | €111,977 | €165,878 | +€53,902 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €431,443 | €351,761 | -€79,682 | -18.5% |
| Income taxes | 67/77 | €134,107 | €110,842 | -€23,265 | -17.3% |
| Profit (loss) for the period | 9904 | €297,336 | €240,919 | -€56,417 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €297,336 | €240,919 | -€56,417 | -19.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.