U-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.
U-rent
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+68.7%), from €2.7m to €4.5m
of which Leasing and similar rights: +€1.5m
- Receivables within one year +€887,298
up €887,298 (+85.2%), from €1.0m to €1.9m
of which Other amounts receivable: +€862,916
- Cash +€272,444
up €272,444 (+69.3%), from €393,405 to €665,849
mainly Debts after one year (+€2.3m) and Depreciation (+€1.2m)
- Debts after one year +€2.3m
up €2.3m (+98.6%), from €2.3m to €4.6m
- Profit (loss) carried forward +€374,947
up €374,947 (+50.1%), from €748,839 to €1.1m
- Tax, wage and social debts +€129,814
new in 2025: €129,814
- Trade debts +€89,277
up €89,277 (+18.8%), from €473,675 to €562,952
- Current portion of long-term debt +€77,672
up €77,672 (+14.5%), from €536,325 to €613,996
- Gross operating margin +€1.0m
up €1.0m (+87.3%), from €1.2m to €2.2m
- Depreciation +€288,611
up €288,611 (+30.3%), from €951,683 to €1.2m
- Other operating charges +€200,096
up €200,096 (+1,305%), from €15,327 to €215,423
- Taxes +€120,814
new in 2025: €120,814
- Financial charges +€51,083
up €51,083 (+43.3%), from €118,110 to €169,193
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 | €4,243,007 | €7,186,260 | +€2.9m | +69.4% |
| Fixed assets | 21/28 | €2,688,384 | €4,532,531 | +€1.8m | +68.6% |
| Tangible fixed assets | 22/27 | €2,682,716 | €4,526,822 | +€1.8m | +68.7% |
| Plant, machinery and equipment | 23 | €9,141 | €14,333 | +€5,192 | +56.8% |
| Furniture and vehicles | 24 | €510,262 | €870,838 | +€360,576 | +70.7% |
| Leasing and similar rights | 25 | €2,163,313 | €3,641,651 | +€1.5m | +68.3% |
| Financial fixed assets | 28 | €5,669 | €5,709 | +€40 | +0.7% |
| Current assets | 29/58 | €1,554,623 | €2,653,730 | +€1.1m | +70.7% |
| Stocks and contracts in progress | 3 | €59,717 | €59,013 | -€703 | -1.2% |
| Stocks | 30/36 | €59,717 | €59,013 | -€703 | -1.2% |
| Amounts receivable within one year | 40/41 | €1,041,569 | €1,928,867 | +€887,298 | +85.2% |
| Trade receivables | 40 | €959,825 | €984,207 | +€24,382 | +2.5% |
| Other amounts receivable | 41 | €81,744 | €944,660 | +€862,916 | +1,056% |
| Cash at bank and in hand | 54/58 | €393,405 | €665,849 | +€272,444 | +69.3% |
| Deferred charges and accrued income | 490/1 | €59,932 | - | -€59,932 | |
| Total equity and liabilities | 10/49 | €4,243,007 | €7,186,260 | +€2.9m | +69.4% |
| Equity | 10/15 | €879,662 | €1,254,609 | +€374,947 | +42.6% |
| Contributions | 10/11 | €13,499 | €13,499 | = | 0.0% |
| Reserves | 13 | €117,323 | €117,323 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,050 | €1,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,050 | €1,050 | = | 0.0% |
| Distributable reserves | 133 | €116,273 | €116,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | €748,839 | €1,123,786 | +€374,947 | +50.1% |
| Amounts payable | 17/49 | €3,363,345 | €5,931,651 | +€2.6m | +76.4% |
| Amounts payable after more than one year | 17 | €2,291,146 | €4,550,831 | +€2.3m | +98.6% |
| Financial debts | 170/4 | €2,291,146 | €4,550,831 | +€2.3m | +98.6% |
| Amounts payable within one year | 42/48 | €1,072,200 | €1,370,502 | +€298,302 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €536,325 | €613,996 | +€77,672 | +14.5% |
| Trade debts | 44 | €473,675 | €562,952 | +€89,277 | +18.8% |
| Suppliers | 440/4 | €473,675 | €562,952 | +€89,277 | +18.8% |
| Advances received on contracts in progress | 46 | €62,200 | €63,740 | +€1,540 | +2.5% |
| Taxes, remuneration and social security | 45 | - | €129,814 | +€129,814 | |
| Taxes | 450/3 | - | €129,814 | +€129,814 | |
| Accrued charges and deferred income | 492/3 | - | €10,318 | +€10,318 | |
| Non-recurring operating income | 76A | €17,977 | €146,388 | +€128,411 | +714% |
| Remuneration, social security and pensions | 62 | €17,637 | €9,170 | -€8,466 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €951,683 | €1,240,293 | +€288,611 | +30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €110,234 | €64,364 | -€45,870 | -41.6% |
| Other operating charges | 640/8 | €15,327 | €215,423 | +€200,096 | +1,305% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Non-recurring operating charges | 66A | €22,749 | €13,163 | -€9,586 | -42.1% |
| Gross operating margin | 9900 | €1,177,626 | €2,205,758 | +€1.0m | +87.3% |
| Operating profit (loss) | 9901 | €59,997 | €663,344 | +€603,347 | +1,006% |
| Financial income | 75/76B | €1,090 | €1,610 | +€521 | +47.8% |
| Recurring financial income | 75 | €1,090 | €1,610 | +€521 | +47.8% |
| Financial charges | 65/66B | €118,110 | €169,193 | +€51,083 | +43.3% |
| Recurring financial charges | 65 | €118,110 | €169,193 | +€51,083 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | -€57,024 | €495,761 | +€552,785 | |
| Income taxes | 67/77 | - | €120,814 | +€120,814 | |
| Profit (loss) for the period | 9904 | -€57,024 | €374,947 | +€431,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,024 | €374,947 | +€431,971 |
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 16 October 2026 via checked.be.