S2 RENT: 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.
S2 RENT
Largest movements
- Cash +€221,241
up €221,241 (+411%), from €53,833 to €275,074
mainly Net result for the year (+€164,534) and Tax, wage and social debts (+€126,055)
- Receivables within one year +€194,664
up €194,664 (+175%), from €110,983 to €305,646
of which Trade receivables: +€193,331
- Tangible fixed assets -€126,379
down €126,379 (-41.8%), from €302,450 to €176,072
of which Plant, machinery and equipment: -€82,393
- Reserves +€164,534
up €164,534 (+360%), from €45,701 to €210,235
of which Distributable reserves: +€164,534
- Tax, wage and social debts +€126,055
up €126,055 (+1,355%), from €9,301 to €135,356
of which Taxes: +€128,681
- Trade debts +€50,350
up €50,350 (+138%), from €36,359 to €86,708
- Debts after one year -€33,430
down €33,430 (-29.6%), from €113,082 to €79,653
of which Financial debts: -€23,508
- Gross operating margin +€178,117
up €178,117 (+62.7%), from €284,187 to €462,304
- Taxes +€92,644
up €92,644, from -€9,018 to €83,627
- Other operating charges +€35,008
up €35,008 (+497%), from €7,042 to €42,050
- Write-downs -€27,948
down €27,948 (-659%), from -€4,243 to -€32,191
- Depreciation -€22,952
down €22,952 (-23.7%), from €96,966 to €74,014
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,070 | €798,969 | +€293,898 | +58.2% |
| Fixed assets | 21/28 | €302,450 | €176,072 | -€126,379 | -41.8% |
| Tangible fixed assets | 22/27 | €302,450 | €176,072 | -€126,379 | -41.8% |
| Plant, machinery and equipment | 23 | €170,627 | €88,235 | -€82,393 | -48.3% |
| Furniture and vehicles | 24 | €8,386 | €801 | -€7,586 | -90.5% |
| Leasing and similar rights | 25 | €117,343 | €81,959 | -€35,385 | -30.2% |
| Other tangible fixed assets | 26 | €6,093 | €5,078 | -€1,016 | -16.7% |
| Current assets | 29/58 | €202,620 | €622,897 | +€420,277 | +207% |
| Amounts receivable within one year | 40/41 | €110,983 | €305,646 | +€194,664 | +175% |
| Trade receivables | 40 | €104,902 | €298,233 | +€193,331 | +184% |
| Other amounts receivable | 41 | €6,080 | €7,413 | +€1,333 | +21.9% |
| Current investments | 50/53 | €35,000 | €35,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,833 | €275,074 | +€221,241 | +411% |
| Deferred charges and accrued income | 490/1 | €2,805 | €7,177 | +€4,372 | +156% |
| Total equity and liabilities | 10/49 | €505,070 | €798,969 | +€293,898 | +58.2% |
| Equity | 10/15 | €308,982 | €473,517 | +€164,534 | +53.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,701 | €210,235 | +€164,534 | +360% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,841 | €8,841 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €166,394 | +€164,534 | +8,846% |
| Profit (loss) carried forward | 14 | €244,681 | €244,681 | = | 0.0% |
| Amounts payable | 17/49 | €196,088 | €325,452 | +€129,364 | +66.0% |
| Amounts payable after more than one year | 17 | €113,082 | €79,653 | -€33,430 | -29.6% |
| Financial debts | 170/4 | €100,301 | €76,793 | -€23,508 | -23.4% |
| Other amounts payable | 178/9 | €12,781 | €2,860 | -€9,921 | -77.6% |
| Amounts payable within one year | 42/48 | €76,334 | €245,573 | +€169,239 | +222% |
| Current portion of amounts payable after more than one year | 42 | €30,674 | €23,508 | -€7,166 | -23.4% |
| Trade debts | 44 | €36,359 | €86,708 | +€50,350 | +138% |
| Suppliers | 440/4 | €36,359 | €86,708 | +€50,350 | +138% |
| Taxes, remuneration and social security | 45 | €9,301 | €135,356 | +€126,055 | +1,355% |
| Taxes | 450/3 | €3,049 | €131,729 | +€128,681 | +4,221% |
| Remuneration and social security | 454/9 | €6,252 | €3,626 | -€2,626 | -42.0% |
| Accrued charges and deferred income | 492/3 | €6,672 | €226 | -€6,446 | -96.6% |
| Non-recurring operating income | 76A | €12,364 | €0 | -€12,364 | -100% |
| Remuneration, social security and pensions | 62 | €141,591 | €126,518 | -€15,072 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,966 | €74,014 | -€22,952 | -23.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,243 | -€32,191 | -€27,948 | -659% |
| Other operating charges | 640/8 | €7,042 | €42,050 | +€35,008 | +497% |
| Gross operating margin | 9900 | €284,187 | €462,304 | +€178,117 | +62.7% |
| Operating profit (loss) | 9901 | €42,831 | €251,913 | +€209,082 | +488% |
| Financial income | 75/76B | €2,257 | €1,110 | -€1,147 | -50.8% |
| Recurring financial income | 75 | €2,257 | €1,110 | -€1,147 | -50.8% |
| Financial charges | 65/66B | €8,316 | €4,861 | -€3,455 | -41.5% |
| Recurring financial charges | 65 | €8,316 | €4,861 | -€3,455 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €36,771 | €248,161 | +€211,390 | +575% |
| Income taxes | 67/77 | -€9,018 | €83,627 | +€92,644 | |
| Profit (loss) for the period | 9904 | €45,789 | €164,534 | +€118,746 | +259% |
| Profit (loss) for the period to be appropriated | 9905 | €45,789 | €164,534 | +€118,746 | +259% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.