RentToBuild: 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.
RentToBuild
Largest movements
- Tangible fixed assets -€105,377
down €105,377 (-37.8%), from €278,710 to €173,333
of which Plant, machinery and equipment: -€90,057
- Stocks and contracts +€27,425
up €27,425 (+86.1%), from €31,850 to €59,275
- Receivables within one year +€17,597
up €17,597 (+133.8%), from €13,150 to €30,747
of which Other amounts receivable: +€17,792
- Cash +€7,199
up €7,199 (+86.7%), from €8,299 to €15,497
mainly Depreciation (+€109,576) and Trade debts (+€80,774)
- Financial fixed assets +€4,500
up €4,500 (+750.0%), from €600 to €5,100
- Debts after one year -€88,869
down €88,869 (-24.2%), from €367,984 to €279,116
- Trade debts +€80,774
up €80,774 (+988.3%), from €8,173 to €88,947
- Profit (loss) carried forward -€49,520
down €49,520 (-13.5%), from -€365,868 to -€415,387
- Other debts +€10,445
up €10,445 (+10.9%), from €96,109 to €106,554
- Gross operating margin +€34,243
up €34,243 (+83.9%), from €40,819 to €75,061
- Depreciation -€19,535
down €19,535 (-15.1%), from €129,111 to €109,576
- Financial charges -€3,604
down €3,604 (-28.3%), from €12,732 to €9,127
- Other operating charges +€909
up €909 (+18.8%), from €4,837 to €5,746
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 | €335,702 | €286,028 | -€49,674 | -14.8% |
| Fixed assets | 21/28 | €280,253 | €178,433 | -€101,820 | -36.3% |
| Intangible fixed assets | 21 | €943 | €0 | -€943 | -100.0% |
| Tangible fixed assets | 22/27 | €278,710 | €173,333 | -€105,377 | -37.8% |
| Plant, machinery and equipment | 23 | €249,016 | €158,959 | -€90,057 | -36.2% |
| Furniture and vehicles | 24 | €1,585 | €765 | -€820 | -51.7% |
| Leasing and similar rights | 25 | €28,109 | €13,609 | -€14,500 | -51.6% |
| Financial fixed assets | 28 | €600 | €5,100 | +€4,500 | +750.0% |
| Current assets | 29/58 | €55,449 | €107,595 | +€52,146 | +94.0% |
| Stocks and contracts in progress | 3 | €31,850 | €59,275 | +€27,425 | +86.1% |
| Stocks | 30/36 | €31,850 | €59,275 | +€27,425 | +86.1% |
| Amounts receivable within one year | 40/41 | €13,150 | €30,747 | +€17,597 | +133.8% |
| Trade receivables | 40 | €12,743 | €12,548 | -€195 | -1.5% |
| Other amounts receivable | 41 | €407 | €18,199 | +€17,792 | +4369.7% |
| Cash at bank and in hand | 54/58 | €8,299 | €15,497 | +€7,199 | +86.7% |
| Deferred charges and accrued income | 490/1 | €2,150 | €2,076 | -€75 | -3.5% |
| Total equity and liabilities | 10/49 | €335,702 | €286,028 | -€49,674 | -14.8% |
| Equity | 10/15 | -€235,868 | -€285,387 | -€49,520 | -21.0% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€365,868 | -€415,387 | -€49,520 | -13.5% |
| Amounts payable | 17/49 | €571,570 | €571,416 | -€154 | 0.0% |
| Amounts payable after more than one year | 17 | €367,984 | €279,116 | -€88,869 | -24.2% |
| Financial debts | 170/4 | €367,984 | €279,116 | -€88,869 | -24.2% |
| Amounts payable within one year | 42/48 | €192,885 | €284,399 | +€91,514 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €87,263 | €88,869 | +€1,606 | +1.8% |
| Trade debts | 44 | €8,173 | €88,947 | +€80,774 | +988.3% |
| Suppliers | 440/4 | €8,173 | €88,947 | +€80,774 | +988.3% |
| Taxes, remuneration and social security | 45 | €1,340 | €29 | -€1,311 | -97.8% |
| Taxes | 450/3 | €1,340 | €29 | -€1,311 | -97.8% |
| Other amounts payable | 47/48 | €96,109 | €106,554 | +€10,445 | +10.9% |
| Accrued charges and deferred income | 492/3 | €10,700 | €7,901 | -€2,799 | -26.2% |
| Non-recurring operating income | 76A | €1,001 | €16,530 | +€15,529 | +1551.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,111 | €109,576 | -€19,535 | -15.1% |
| Other operating charges | 640/8 | €4,837 | €5,746 | +€909 | +18.8% |
| Non-recurring operating charges | 66A | €214 | €138 | -€75 | -35.3% |
| Gross operating margin | 9900 | €40,819 | €75,061 | +€34,243 | +83.9% |
| Operating profit (loss) | 9901 | -€93,343 | -€40,399 | +€52,944 | +56.7% |
| Financial income | 75/76B | €281 | €7 | -€273 | -97.5% |
| Recurring financial income | 75 | €281 | €7 | -€273 | -97.5% |
| Financial charges | 65/66B | €12,732 | €9,127 | -€3,604 | -28.3% |
| Recurring financial charges | 65 | €12,732 | €9,127 | -€3,604 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | -€105,794 | -€49,520 | +€56,274 | +53.2% |
| Profit (loss) for the period | 9904 | -€105,794 | -€49,520 | +€56,274 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,794 | -€49,520 | +€56,274 | +53.2% |
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 11 October 2026 via checked.be.