URBAN RENTAL: what changed
What changed
URBAN RENTAL
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€61,169
2025 · -€2,796+€63,965
Equity
€205,438
2025 · €144,270+€61,169
Cash
€7,277
2025 · €11,327-€4,051
Balance sheet total
€2.5m
2025 · €2.4m+€89,568
Largest movements
Assets
- Stocks and contracts +€98,456
up €98,456 (+4.6%), from €2.1m to €2.2m
Equity and liabilities
- Trade debts -€89,167
down €89,167 (-94.6%), from €94,282 to €5,115
- Debts after one year +€72,555
up €72,555 (+6.0%), from €1.2m to €1.3m
- Profit (loss) carried forward +€61,169
up €61,169 (+57.6%), from €106,153 to €167,322
- Other debts +€25,294
up €25,294 (+10.0%), from €252,707 to €278,001
Income statement
- Gross operating margin +€55,534
up €55,534 (+62.9%), from €88,331 to €143,865
- Taxes +€23,869
up €23,869 (+2,060%), from €1,159 to €25,028
- Financial charges +€5,849
up €5,849 (+19.0%), from €30,729 to €36,579
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€2,796
Gross operating margin
+€55,534
Depreciation
-€277
Other operating charges
-€236
Other operating items
+€38,669
Financial income
-€6
Financial charges
-€5,849
Taxes
-€23,869
Result 2026
€61,169
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€74,935
Investment
€0
Financing
+€70,884
Cash 2025
€11,327
From operations (derived)
-€74,935
Net result for the year
+€61,169
Depreciation
+€9,747
Stocks and contracts
-€98,456
Receivables within one year
-€4,791
Deferred charges and accrued income
-€118
Trade debts
-€89,167
Tax, wage and social debts
+€23,775
Other debts
+€25,294
Accrued charges and deferred income
-€2,387
Financing
+€70,884
Debts after one year
+€72,555
Current portion of long-term debt
-€1,369
Short-term financial debts
-€301
Cash 2026
€7,277
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,429,628 | €2,519,196 | +€89,568 | +3.7% |
| Fixed assets | 21/28 | €282,128 | €272,381 | -€9,747 | -3.5% |
| Tangible fixed assets | 22/27 | €282,128 | €272,381 | -€9,747 | -3.5% |
| Land and buildings | 22 | €280,704 | €271,529 | -€9,175 | -3.3% |
| Plant, machinery and equipment | 23 | €1,425 | €852 | -€572 | -40.2% |
| Current assets | 29/58 | €2,147,499 | €2,246,815 | +€99,315 | +4.6% |
| Stocks and contracts in progress | 3 | €2,121,595 | €2,220,052 | +€98,456 | +4.6% |
| Stocks | 30/36 | €2,121,595 | €2,220,052 | +€98,456 | +4.6% |
| Amounts receivable within one year | 40/41 | €10,968 | €15,760 | +€4,791 | +43.7% |
| Trade receivables | 40 | €10,968 | €15,760 | +€4,791 | +43.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,327 | €7,277 | -€4,051 | -35.8% |
| Deferred charges and accrued income | 490/1 | €3,608 | €3,726 | +€118 | +3.3% |
| Total equity and liabilities | 10/49 | €2,429,628 | €2,519,196 | +€89,568 | +3.7% |
| Equity | 10/15 | €144,270 | €205,438 | +€61,169 | +42.4% |
| Contributions | 10/11 | €34,651 | €34,651 | = | 0.0% |
| Reserves | 13 | €3,465 | €3,465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,465 | €3,465 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,465 | €3,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,153 | €167,322 | +€61,169 | +57.6% |
| Amounts payable | 17/49 | €2,285,358 | €2,313,758 | +€28,400 | +1.2% |
| Amounts payable after more than one year | 17 | €1,203,501 | €1,276,056 | +€72,555 | +6.0% |
| Financial debts | 170/4 | €1,203,501 | €1,276,056 | +€72,555 | +6.0% |
| Amounts payable within one year | 42/48 | €1,065,073 | €1,023,305 | -€41,769 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €709,752 | €708,383 | -€1,369 | -0.2% |
| Financial debts | 43 | €301 | €0 | -€301 | -100% |
| Credit institutions | 430/8 | €301 | €0 | -€301 | -100% |
| Trade debts | 44 | €94,282 | €5,115 | -€89,167 | -94.6% |
| Suppliers | 440/4 | €94,282 | €5,115 | -€89,167 | -94.6% |
| Taxes, remuneration and social security | 45 | €8,031 | €31,806 | +€23,775 | +296% |
| Taxes | 450/3 | €8,031 | €31,806 | +€23,775 | +296% |
| Other amounts payable | 47/48 | €252,707 | €278,001 | +€25,294 | +10.0% |
| Accrued charges and deferred income | 492/3 | €16,783 | €14,397 | -€2,387 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,470 | €9,747 | +€277 | +2.9% |
| Other operating charges | 640/8 | €11,107 | €11,343 | +€236 | +2.1% |
| Non-recurring operating charges | 66A | €38,669 | €0 | -€38,669 | -100% |
| Gross operating margin | 9900 | €88,331 | €143,865 | +€55,534 | +62.9% |
| Operating profit (loss) | 9901 | €29,086 | €122,775 | +€93,690 | +322% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €30,729 | €36,579 | +€5,849 | +19.0% |
| Recurring financial charges | 65 | €30,729 | €36,579 | +€5,849 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,638 | €86,197 | +€87,834 | |
| Income taxes | 67/77 | €1,159 | €25,028 | +€23,869 | +2,060% |
| Profit (loss) for the period | 9904 | -€2,796 | €61,169 | +€63,965 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,796 | €61,169 | +€63,965 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.