Rentinck: 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
Rentinck
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,244
2024 · -€30,540+€22,295
Equity
€21,112
2024 · €29,356-€8,244
Cash
€43,557
2024 · €1,324+€42,233
Balance sheet total
€5.2m
2024 · €4.6m+€686,781
Largest movements
Assets
- Tangible fixed assets +€606,215
up €606,215 (+13.8%), from €4.4m to €5.0m
of which Land and buildings: +€606,215
Equity and liabilities
- Debts after one year +€693,948
up €693,948 (+16.4%), from €4.2m to €4.9m
Income statement
- Gross operating margin +€48,915
up €48,915 (+19.2%), from €255,230 to €304,145
- Depreciation +€19,740
up €19,740 (+15.5%), from €127,516 to €147,256
- Financial charges +€6,997
up €6,997 (+4.6%), from €152,417 to €159,414
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
-€30,540
Gross operating margin
+€48,915
Depreciation
-€19,740
Other operating charges
+€117
Financial charges
-€6,997
Result 2025
-€8,244
raises the resultlowers the result
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
+€60,198
Investment
-€753,471
Financing
+€735,506
Cash 2024
€1,324
From operations (derived)
+€60,198
Net result for the year
-€8,244
Depreciation
+€147,256
Receivables within one year
-€38,345
Deferred charges and accrued income
+€12
Trade debts
-€2,577
Tax, wage and social debts
-€30,687
Advances received
-€8,000
Other debts
-€2,700
Accrued charges and deferred income
+€3,484
Investment (derived)
-€753,471
Investment in fixed assets (net)
-€753,471
Financing
+€735,506
Debts after one year
+€693,948
Current portion of long-term debt
+€41,558
Cash 2025
€43,557
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,550,157 | €5,236,938 | +€686,781 | +15.1% |
| Fixed assets | 21/28 | €4,391,843 | €4,998,058 | +€606,215 | +13.8% |
| Tangible fixed assets | 22/27 | €4,391,843 | €4,998,058 | +€606,215 | +13.8% |
| Land and buildings | 22 | €4,391,843 | €4,998,058 | +€606,215 | +13.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €158,314 | €238,880 | +€80,567 | +50.9% |
| Amounts receivable within one year | 40/41 | €154,980 | €193,326 | +€38,345 | +24.7% |
| Trade receivables | 40 | €154,980 | €51,249 | -€103,731 | -66.9% |
| Other amounts receivable | 41 | - | €142,077 | +€142,077 | |
| Cash at bank and in hand | 54/58 | €1,324 | €43,557 | +€42,233 | +3,190% |
| Deferred charges and accrued income | 490/1 | €2,009 | €1,998 | -€12 | -0.6% |
| Total equity and liabilities | 10/49 | €4,550,157 | €5,236,938 | +€686,781 | +15.1% |
| Equity | 10/15 | €29,356 | €21,112 | -€8,244 | -28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,756 | €2,512 | -€8,244 | -76.6% |
| Distributable reserves | 133 | €10,756 | €2,512 | -€8,244 | -76.6% |
| Amounts payable | 17/49 | €4,520,801 | €5,215,826 | +€695,025 | +15.4% |
| Amounts payable after more than one year | 17 | €4,237,939 | €4,931,887 | +€693,948 | +16.4% |
| Financial debts | 170/4 | €4,237,939 | €4,931,887 | +€693,948 | +16.4% |
| Amounts payable within one year | 42/48 | €254,137 | €251,731 | -€2,406 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €118,591 | €160,149 | +€41,558 | +35.0% |
| Trade debts | 44 | €79,938 | €77,361 | -€2,577 | -3.2% |
| Suppliers | 440/4 | €79,938 | €77,361 | -€2,577 | -3.2% |
| Advances received on contracts in progress | 46 | €8,000 | €0 | -€8,000 | -100% |
| Taxes, remuneration and social security | 45 | €30,687 | €0 | -€30,687 | -100% |
| Taxes | 450/3 | €30,687 | €0 | -€30,687 | -100% |
| Other amounts payable | 47/48 | €16,921 | €14,221 | -€2,700 | -16.0% |
| Accrued charges and deferred income | 492/3 | €28,725 | €32,209 | +€3,484 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,516 | €147,256 | +€19,740 | +15.5% |
| Other operating charges | 640/8 | €5,836 | €5,719 | -€117 | -2.0% |
| Gross operating margin | 9900 | €255,230 | €304,145 | +€48,915 | +19.2% |
| Operating profit (loss) | 9901 | €121,878 | €151,169 | +€29,292 | +24.0% |
| Financial charges | 65/66B | €152,417 | €159,414 | +€6,997 | +4.6% |
| Recurring financial charges | 65 | €152,417 | €159,414 | +€6,997 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,540 | -€8,244 | +€22,295 | +73.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€30,540 | -€8,244 | +€22,295 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,540 | -€8,244 | +€22,295 | +73.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.