Rentfort: 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.
Rentfort
Largest movements
- Tangible fixed assets -€116,356
down €116,356 (-2.6%), from €4.5m to €4.4m
of which Land and buildings: -€96,213
- Debts after one year -€149,401
down €149,401 (-11.3%), from €1.3m to €1.2m
- Other debts +€129,094
up €129,094 (+685%), from €18,846 to €147,940
- Profit (loss) carried forward +€67,772
up €67,772 (+22.7%), from €298,360 to €366,132
- Reserves -€64,632
down €64,632 (-3.2%), from €2.0m to €2.0m
of which Tax-exempt reserves: -€64,632
- Tax, wage and social debts -€62,599
down €62,599 (-68.7%), from €91,061 to €28,462
- Gross operating margin -€71,126
down €71,126 (-18.0%), from €394,498 to €323,372
- Depreciation -€46,926
down €46,926 (-16.4%), from €285,490 to €238,564
- Taxes -€31,155
no longer reported in 2024 (was €31,155)
- Other operating charges +€22,683
up €22,683 (+54.4%), from €41,659 to €64,342
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,538,774 | €4,420,324 | -€118,450 | -2.6% |
| Fixed assets | 21/28 | €4,472,747 | €4,356,391 | -€116,356 | -2.6% |
| Tangible fixed assets | 22/27 | €4,472,747 | €4,356,391 | -€116,356 | -2.6% |
| Land and buildings | 22 | €4,389,693 | €4,293,480 | -€96,213 | -2.2% |
| Plant, machinery and equipment | 23 | €7,823 | €4,767 | -€3,056 | -39.1% |
| Furniture and vehicles | 24 | €75,231 | €58,144 | -€17,087 | -22.7% |
| Current assets | 29/58 | €66,027 | €63,933 | -€2,094 | -3.2% |
| Amounts receivable within one year | 40/41 | €8,614 | €8,614 | = | 0.0% |
| Other amounts receivable | 41 | €8,614 | €8,614 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,556 | €54,556 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,857 | €763 | -€2,094 | -73.3% |
| Total equity and liabilities | 10/49 | €4,538,774 | €4,420,324 | -€118,450 | -2.6% |
| Equity | 10/15 | €2,703,097 | €2,706,237 | +€3,140 | +0.1% |
| Contributions | 10/11 | €365,643 | €365,643 | = | 0.0% |
| Reserves | 13 | €2,039,094 | €1,974,462 | -€64,632 | -3.2% |
| Non-distributable reserves | 130/1 | €64,180 | €64,180 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42,741 | €42,741 | = | 0.0% |
| Other | 1319 | €21,439 | €21,439 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,093,794 | €1,029,162 | -€64,632 | -5.9% |
| Distributable reserves | 133 | €881,120 | €881,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,360 | €366,132 | +€67,772 | +22.7% |
| Provisions and deferred taxes | 16 | €364,598 | €343,054 | -€21,544 | -5.9% |
| Deferred taxes | 168 | €364,598 | €343,054 | -€21,544 | -5.9% |
| Amounts payable | 17/49 | €1,471,079 | €1,371,033 | -€100,046 | -6.8% |
| Amounts payable after more than one year | 17 | €1,327,827 | €1,178,426 | -€149,401 | -11.3% |
| Financial debts | 170/4 | €1,327,827 | €1,178,426 | -€149,401 | -11.3% |
| Amounts payable within one year | 42/48 | €143,252 | €176,402 | +€33,150 | +23.1% |
| Financial debts | 43 | €33,345 | - | -€33,345 | |
| Other loans | 439 | €33,345 | - | -€33,345 | |
| Taxes, remuneration and social security | 45 | €91,061 | €28,462 | -€62,599 | -68.7% |
| Taxes | 450/3 | €91,061 | €28,462 | -€62,599 | -68.7% |
| Other amounts payable | 47/48 | €18,846 | €147,940 | +€129,094 | +685% |
| Accrued charges and deferred income | 492/3 | - | €16,205 | +€16,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285,490 | €238,564 | -€46,926 | -16.4% |
| Other operating charges | 640/8 | €41,659 | €64,342 | +€22,683 | +54.4% |
| Gross operating margin | 9900 | €394,498 | €323,372 | -€71,126 | -18.0% |
| Operating profit (loss) | 9901 | €67,349 | €20,466 | -€46,883 | -69.6% |
| Financial income | 75/76B | €2,643 | - | -€2,643 | |
| Recurring financial income | 75 | €2,643 | - | -€2,643 | |
| Financial charges | 65/66B | €39,431 | €38,869 | -€562 | -1.4% |
| Recurring financial charges | 65 | €39,431 | €38,869 | -€562 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €30,561 | -€18,403 | -€48,964 | |
| Transfer from deferred taxes | 780 | - | €21,544 | +€21,544 | |
| Income taxes | 67/77 | €31,155 | - | -€31,155 | |
| Profit (loss) for the period | 9904 | -€594 | €3,141 | +€3,735 | |
| Transfer from tax-exempt reserves | 789 | - | €64,631 | +€64,631 | |
| Profit (loss) for the period to be appropriated | 9905 | -€594 | €67,772 | +€68,366 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.