RENTKO: 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.
RENTKO
Largest movements
- Cash -€44,614
down €44,614 (-40.9%), from €109,054 to €64,440
mainly Trade debts (-€63,845) and Receivables within one year (-€39,470)
- Receivables within one year +€39,470
up €39,470 (+81.7%), from €48,296 to €87,766
of which Trade receivables: +€39,562
- Tangible fixed assets -€6,997
down €6,997 (-5.2%), from €135,611 to €128,614
of which Furniture and vehicles: -€11,452
- Trade debts -€63,845
down €63,845 (-48.7%), from €131,216 to €67,371
- Debts after one year +€18,646
up €18,646 (+497%), from €3,750 to €22,396
- Other debts +€15,302
up €15,302 (+69.8%), from €21,909 to €37,211
- Reserves +€8,000
up €8,000 (+12.0%), from €66,718 to €74,718
of which Distributable reserves: +€8,000
- Tax, wage and social debts +€6,240
up €6,240 (+39.8%), from €15,697 to €21,937
of which Taxes: +€6,264
- Gross operating margin +€12,443
up €12,443 (+11.8%), from €105,795 to €118,238
- Depreciation +€8,646
up €8,646 (+38.0%), from €22,751 to €31,397
- Staff costs -€4,386
down €4,386 (-8.9%), from €49,282 to €44,896
- Taxes -€3,070
down €3,070 (-48.7%), from €6,307 to €3,237
- Financial charges +€2,321
up €2,321 (+73.9%), from €3,139 to €5,460
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 | €296,114 | €284,423 | -€11,691 | -3.9% |
| Fixed assets | 21/28 | €138,764 | €131,686 | -€7,077 | -5.1% |
| Tangible fixed assets | 22/27 | €135,611 | €128,614 | -€6,997 | -5.2% |
| Plant, machinery and equipment | 23 | €51,145 | €55,965 | +€4,821 | +9.4% |
| Furniture and vehicles | 24 | €82,246 | €70,794 | -€11,452 | -13.9% |
| Other tangible fixed assets | 26 | €2,220 | €1,855 | -€366 | -16.5% |
| Financial fixed assets | 28 | €3,152 | €3,072 | -€80 | -2.5% |
| Current assets | 29/58 | €157,351 | €152,737 | -€4,614 | -2.9% |
| Amounts receivable within one year | 40/41 | €48,296 | €87,766 | +€39,470 | +81.7% |
| Trade receivables | 40 | €24,865 | €64,427 | +€39,562 | +159% |
| Other amounts receivable | 41 | €23,431 | €23,339 | -€93 | -0.4% |
| Cash at bank and in hand | 54/58 | €109,054 | €64,440 | -€44,614 | -40.9% |
| Deferred charges and accrued income | 490/1 | - | €530 | +€530 | |
| Total equity and liabilities | 10/49 | €296,114 | €284,423 | -€11,691 | -3.9% |
| Equity | 10/15 | €111,377 | €119,161 | +€7,783 | +7.0% |
| Contributions | 10/11 | €43,500 | €43,500 | = | 0.0% |
| Reserves | 13 | €66,718 | €74,718 | +€8,000 | +12.0% |
| Non-distributable reserves | 130/1 | €4,350 | €4,350 | = | 0.0% |
| Other | 1319 | €4,350 | €4,350 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,368 | €8,368 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €62,000 | +€8,000 | +14.8% |
| Profit (loss) carried forward | 14 | €1,159 | €942 | -€217 | -18.7% |
| Amounts payable | 17/49 | €184,737 | €165,262 | -€19,475 | -10.5% |
| Amounts payable after more than one year | 17 | €3,750 | €22,396 | +€18,646 | +497% |
| Financial debts | 170/4 | €3,750 | €22,396 | +€18,646 | +497% |
| Amounts payable within one year | 42/48 | €180,116 | €140,227 | -€39,888 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €9,753 | +€2,253 | +30.0% |
| Trade debts | 44 | €131,216 | €67,371 | -€63,845 | -48.7% |
| Suppliers | 440/4 | €131,216 | €67,371 | -€63,845 | -48.7% |
| Advances received on contracts in progress | 46 | €3,793 | €3,955 | +€162 | +4.3% |
| Taxes, remuneration and social security | 45 | €15,697 | €21,937 | +€6,240 | +39.8% |
| Taxes | 450/3 | €9,027 | €15,291 | +€6,264 | +69.4% |
| Remuneration and social security | 454/9 | €6,670 | €6,647 | -€24 | -0.4% |
| Other amounts payable | 47/48 | €21,909 | €37,211 | +€15,302 | +69.8% |
| Accrued charges and deferred income | 492/3 | €871 | €2,639 | +€1,768 | +203% |
| Non-recurring operating income | 76A | - | €23,788 | +€23,788 | |
| Remuneration, social security and pensions | 62 | €49,282 | €44,896 | -€4,386 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,751 | €31,397 | +€8,646 | +38.0% |
| Other operating charges | 640/8 | €3,103 | €2,271 | -€832 | -26.8% |
| Non-recurring operating charges | 66A | - | €23,475 | +€23,475 | |
| Gross operating margin | 9900 | €105,795 | €118,238 | +€12,443 | +11.8% |
| Operating profit (loss) | 9901 | €30,659 | €16,198 | -€14,461 | -47.2% |
| Financial income | 75/76B | €601 | €282 | -€319 | -53.1% |
| Recurring financial income | 75 | €601 | €282 | -€319 | -53.1% |
| Financial charges | 65/66B | €3,139 | €5,460 | +€2,321 | +73.9% |
| Recurring financial charges | 65 | €3,139 | €5,460 | +€2,321 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €28,122 | €11,020 | -€17,102 | -60.8% |
| Income taxes | 67/77 | €6,307 | €3,237 | -€3,070 | -48.7% |
| Profit (loss) for the period | 9904 | €21,815 | €7,783 | -€14,032 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,815 | €7,783 | -€14,032 | -64.3% |
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 15 October 2026 via checked.be.