RENTIES: 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
RENTIES
NACE 77.110, Renting and leasing of cars and light motor vehicles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€722,946
2024 · €3,249-€726,195
Equity
€795,317
2024 · €1.5m-€722,946
Cash
€144,629
2024 · €81,279+€63,349
Balance sheet total
€5.6m
2024 · €6.8m-€1.2m
Largest movements
Assets
- Tangible fixed assets -€690,339
down €690,339 (-13.1%), from €5.3m to €4.6m
of which Furniture and vehicles: -€558,846
- Receivables within one year -€328,908
down €328,908 (-29.3%), from €1.1m to €792,248
of which Trade receivables: -€301,999
- Stocks and contracts -€206,325
down €206,325 (-85.7%), from €240,766 to €34,440
Equity and liabilities
- Profit (loss) carried forward -€392,098
new in 2025: -€392,098
- Debts after one year -€331,970
down €331,970 (-9.7%), from €3.4m to €3.1m
of which Other amounts payable: -€222,853
- Reserves -€330,848
down €330,848 (-25.4%), from €1.3m to €973,415
of which Distributable reserves: -€330,848
- Other debts -€235,000
down €235,000 (-28.6%), from €821,657 to €586,657
- Accrued charges and deferred income +€164,037
up €164,037 (+89.1%), from €184,112 to €348,149
Income statement
- Gross operating margin -€1.0m
down €1.0m (-44.1%), from €2.4m to €1.3m
- Financial charges -€103,789
down €103,789 (-45.9%), from €225,977 to €122,188
- Depreciation -€103,601
down €103,601 (-7.1%), from €1.5m to €1.4m
- Staff costs +€98,911
up €98,911 (+37.2%), from €266,082 to €364,993
- Other operating charges -€83,824
down €83,824 (-32.3%), from €259,180 to €175,356
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
€3,249
Gross operating margin
-€1.0m
Staff costs
-€98,911
Depreciation
+€103,601
Write-downs
-€1,357
Other operating charges
+€83,824
Other operating items
+€124,662
Financial income
+€18
Financial charges
+€103,789
Taxes
+€3,542
Result 2025
-€722,946
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
+€1.1m
Investment
-€651,181
Financing
-€373,679
Cash 2024
€81,279
From operations (derived)
+€1.1m
Net result for the year
-€722,946
Depreciation
+€1.4m
Stocks and contracts
+€206,325
Receivables within one year
+€328,908
Deferred charges and accrued income
+€5,951
Trade debts
-€48,378
Tax, wage and social debts
+€28,251
Advances received
-€2,699
Other debts
-€235,000
Accrued charges and deferred income
+€164,037
Investment (derived)
-€651,181
Investment in fixed assets (net)
-€651,181
Financing
-€373,679
Debts after one year
-€331,970
Current portion of long-term debt
-€41,709
Cash 2025
€144,629
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,789,685 | €5,599,271 | -€1.2m | -17.5% |
| Fixed assets | 21/28 | €5,300,175 | €4,587,596 | -€712,579 | -13.4% |
| Intangible fixed assets | 21 | €22,510 | €0 | -€22,510 | -100% |
| Tangible fixed assets | 22/27 | €5,276,129 | €4,585,790 | -€690,339 | -13.1% |
| Plant, machinery and equipment | 23 | €37,789 | €28,423 | -€9,366 | -24.8% |
| Furniture and vehicles | 24 | €4,686,609 | €4,127,762 | -€558,846 | -11.9% |
| Leasing and similar rights | 25 | €551,731 | €429,604 | -€122,126 | -22.1% |
| Financial fixed assets | 28 | €1,536 | €1,806 | +€270 | +17.6% |
| Current assets | 29/58 | €1,489,509 | €1,011,675 | -€477,835 | -32.1% |
| Stocks and contracts in progress | 3 | €240,766 | €34,440 | -€206,325 | -85.7% |
| Stocks | 30/36 | €240,766 | €34,440 | -€206,325 | -85.7% |
| Amounts receivable within one year | 40/41 | €1,121,156 | €792,248 | -€328,908 | -29.3% |
| Trade receivables | 40 | €1,056,785 | €754,786 | -€301,999 | -28.6% |
| Other amounts receivable | 41 | €64,370 | €37,462 | -€26,909 | -41.8% |
| Cash at bank and in hand | 54/58 | €81,279 | €144,629 | +€63,349 | +77.9% |
| Deferred charges and accrued income | 490/1 | €46,309 | €40,357 | -€5,951 | -12.9% |
| Total equity and liabilities | 10/49 | €6,789,685 | €5,599,271 | -€1.2m | -17.5% |
| Equity | 10/15 | €1,518,263 | €795,317 | -€722,946 | -47.6% |
| Contributions | 10/11 | €214,000 | €214,000 | = | 0.0% |
| Capital | 10 | €214,000 | €214,000 | = | 0.0% |
| Issued capital | 100 | €214,000 | €214,000 | = | 0.0% |
| Reserves | 13 | €1,304,263 | €973,415 | -€330,848 | -25.4% |
| Non-distributable reserves | 130/1 | €21,400 | €21,400 | = | 0.0% |
| Legal reserve | 130 | €21,400 | €21,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €944,696 | €944,696 | = | 0.0% |
| Distributable reserves | 133 | €338,166 | €7,318 | -€330,848 | -97.8% |
| Profit (loss) carried forward | 14 | - | -€392,098 | -€392,098 | |
| Amounts payable | 17/49 | €5,271,422 | €4,803,954 | -€467,468 | -8.9% |
| Amounts payable after more than one year | 17 | €3,423,297 | €3,091,327 | -€331,970 | -9.7% |
| Financial debts | 170/4 | €343,042 | €233,924 | -€109,117 | -31.8% |
| Other amounts payable | 178/9 | €3,080,256 | €2,857,403 | -€222,853 | -7.2% |
| Amounts payable within one year | 42/48 | €1,664,013 | €1,364,478 | -€299,535 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €150,827 | €109,117 | -€41,709 | -27.7% |
| Financial debts | 43 | €565,000 | €565,000 | = | 0.0% |
| Credit institutions | 430/8 | €565,000 | €565,000 | = | 0.0% |
| Trade debts | 44 | €90,564 | €42,187 | -€48,378 | -53.4% |
| Suppliers | 440/4 | €90,564 | €42,187 | -€48,378 | -53.4% |
| Advances received on contracts in progress | 46 | €2,699 | €0 | -€2,699 | -100% |
| Taxes, remuneration and social security | 45 | €33,266 | €61,517 | +€28,251 | +84.9% |
| Taxes | 450/3 | - | €3,764 | +€3,764 | |
| Remuneration and social security | 454/9 | €33,266 | €57,753 | +€24,487 | +73.6% |
| Other amounts payable | 47/48 | €821,657 | €586,657 | -€235,000 | -28.6% |
| Accrued charges and deferred income | 492/3 | €184,112 | €348,149 | +€164,037 | +89.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €266,082 | €364,993 | +€98,911 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467,361 | €1,363,760 | -€103,601 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,336 | €16,693 | +€1,357 | +8.8% |
| Other operating charges | 640/8 | €259,180 | €175,356 | -€83,824 | -32.3% |
| Non-recurring operating charges | 66A | €130,147 | €5,485 | -€124,662 | -95.8% |
| Gross operating margin | 9900 | €2,371,175 | €1,325,812 | -€1.0m | -44.1% |
| Operating profit (loss) | 9901 | €233,068 | -€600,475 | -€833,544 | |
| Financial income | 75/76B | €20 | €38 | +€18 | +93.5% |
| Recurring financial income | 75 | €20 | €38 | +€18 | +93.5% |
| Financial charges | 65/66B | €225,977 | €122,188 | -€103,789 | -45.9% |
| Recurring financial charges | 65 | €225,977 | €122,188 | -€103,789 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €7,111 | -€722,625 | -€729,736 | |
| Income taxes | 67/77 | €3,862 | €320 | -€3,542 | -91.7% |
| Profit (loss) for the period | 9904 | €3,249 | -€722,946 | -€726,195 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €3,249 | -€722,946 | -€726,195 |
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 29 October 2026 via checked.be.