RENTSETTERS: 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.
RENTSETTERS
Largest movements
- Tangible fixed assets -€217,928
down €217,928 (-28.2%), from €771,467 to €553,539
of which Furniture and vehicles: -€200,374
- Cash +€163,917
up €163,917 (+385.5%), from €42,525 to €206,442
mainly Depreciation (+€203,322) and Net result for the year (+€101,870)
- Receivables within one year +€33,298
up €33,298 (+63.2%), from €52,698 to €85,996
- Debts after one year -€106,484
down €106,484 (-27.3%), from €389,825 to €283,341
- Reserves +€89,581
up €89,581 (+258.6%), from €34,641 to €124,221
- Tax, wage and social debts +€31,008
up €31,008 (+977.0%), from €3,174 to €34,182
- Other debts -€30,353
down €30,353 (-10.1%), from €300,581 to €270,228
- Profit (loss) carried forward +€12,290
no longer reported in 2025 (was -€12,290)
- Gross operating margin +€147,719
up €147,719 (+64.3%), from €229,567 to €377,287
- Taxes +€30,896
up €30,896 (+14025.8%), from €220 to €31,116
- Depreciation -€6,194
down €6,194 (-3.0%), from €209,516 to €203,322
- Financial charges -€3,951
down €3,951 (-15.5%), from €25,482 to €21,532
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €976,488 | €956,578 | -€19,909 | -2.0% |
| Fixed assets | 21/28 | €872,768 | €653,986 | -€218,782 | -25.1% |
| Intangible fixed assets | 21 | €1,301 | €447 | -€854 | -65.6% |
| Tangible fixed assets | 22/27 | €771,467 | €553,539 | -€217,928 | -28.2% |
| Plant, machinery and equipment | 23 | €12,289 | €9,108 | -€3,181 | -25.9% |
| Furniture and vehicles | 24 | €689,762 | €489,387 | -€200,374 | -29.0% |
| Leasing and similar rights | 25 | €69,416 | €47,816 | -€21,600 | -31.1% |
| Other tangible fixed assets | 26 | - | €7,228 | +€7,228 | |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €103,720 | €302,592 | +€198,872 | +191.7% |
| Amounts receivable within one year | 40/41 | €52,698 | €85,996 | +€33,298 | +63.2% |
| Trade receivables | 40 | €52,698 | €85,996 | +€33,298 | +63.2% |
| Cash at bank and in hand | 54/58 | €42,525 | €206,442 | +€163,917 | +385.5% |
| Deferred charges and accrued income | 490/1 | €8,497 | €10,153 | +€1,657 | +19.5% |
| Total equity and liabilities | 10/49 | €976,488 | €956,578 | -€19,909 | -2.0% |
| Equity | 10/15 | €32,351 | €134,221 | +€101,870 | +314.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €34,641 | €124,221 | +€89,581 | +258.6% |
| Distributable reserves | 133 | €34,641 | €124,221 | +€89,581 | +258.6% |
| Profit (loss) carried forward | 14 | -€12,290 | - | +€12,290 | |
| Amounts payable | 17/49 | €944,137 | €822,357 | -€121,780 | -12.9% |
| Amounts payable after more than one year | 17 | €389,825 | €283,341 | -€106,484 | -27.3% |
| Financial debts | 170/4 | €389,825 | €283,341 | -€106,484 | -27.3% |
| Amounts payable within one year | 42/48 | €552,621 | €537,747 | -€14,873 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €163,258 | €153,975 | -€9,284 | -5.7% |
| Financial debts | 43 | €9,676 | €10,099 | +€423 | +4.4% |
| Credit institutions | 430/8 | €9,676 | €10,099 | +€423 | +4.4% |
| Trade debts | 44 | €65,410 | €66,794 | +€1,384 | +2.1% |
| Suppliers | 440/4 | €65,410 | €66,794 | +€1,384 | +2.1% |
| Advances received on contracts in progress | 46 | €10,522 | €2,470 | -€8,051 | -76.5% |
| Taxes, remuneration and social security | 45 | €3,174 | €34,182 | +€31,008 | +977.0% |
| Taxes | 450/3 | €3,174 | €34,182 | +€31,008 | +977.0% |
| Other amounts payable | 47/48 | €300,581 | €270,228 | -€30,353 | -10.1% |
| Accrued charges and deferred income | 492/3 | €1,691 | €1,268 | -€423 | -25.0% |
| Non-recurring operating income | 76A | - | €14,308 | +€14,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,516 | €203,322 | -€6,194 | -3.0% |
| Other operating charges | 640/8 | €6,645 | €7,977 | +€1,332 | +20.0% |
| Non-recurring operating charges | 66A | - | €11,469 | +€11,469 | |
| Gross operating margin | 9900 | €229,567 | €377,287 | +€147,719 | +64.3% |
| Operating profit (loss) | 9901 | €13,406 | €154,518 | +€141,113 | +1052.6% |
| Financial income | 75/76B | €7 | €0 | -€7 | -97.3% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -97.3% |
| Financial charges | 65/66B | €25,482 | €21,532 | -€3,951 | -15.5% |
| Recurring financial charges | 65 | €25,482 | €21,532 | -€3,951 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,070 | €132,987 | +€145,056 | |
| Income taxes | 67/77 | €220 | €31,116 | +€30,896 | +14025.8% |
| Profit (loss) for the period | 9904 | -€12,290 | €101,870 | +€114,160 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,290 | €101,870 | +€114,160 |
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 10 October 2026 via checked.be.