V-RENTAL+: 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.
V-RENTAL+
Largest movements
- Tangible fixed assets -€79,338
down €79,338 (-4.6%), from €1.7m to €1.6m
of which Land and buildings: -€75,692
- Cash -€22,056
down €22,056 (-46.6%), from €47,331 to €25,276
mainly Debts after one year (-€186,080) and Investment in fixed assets (net) (-€15,000)
- Debts after one year -€186,080
down €186,080 (-20.8%), from €893,595 to €707,515
of which Financial debts: -€137,964
- Profit (loss) carried forward +€56,904
up €56,904 (+27.3%), from €208,424 to €265,328
- Tax, wage and social debts +€24,237
up €24,237 (+125%), from €19,465 to €43,702
- Gross operating margin +€35,832
up €35,832 (+19.5%), from €183,419 to €219,252
- Taxes +€12,609
up €12,609 (+92.1%), from €13,693 to €26,302
- Other operating charges -€11,503
down €11,503 (-38.2%), from €30,095 to €18,593
- Depreciation +€7,562
up €7,562 (+8.7%), from €86,776 to €94,338
- Financial charges -€3,762
down €3,762 (-14.0%), from €26,963 to €23,201
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 | €1,782,299 | €1,689,311 | -€92,988 | -5.2% |
| Fixed assets | 21/28 | €1,712,768 | €1,633,430 | -€79,338 | -4.6% |
| Tangible fixed assets | 22/27 | €1,712,768 | €1,633,430 | -€79,338 | -4.6% |
| Land and buildings | 22 | €1,556,726 | €1,481,034 | -€75,692 | -4.9% |
| Plant, machinery and equipment | 23 | €28,262 | €25,455 | -€2,807 | -9.9% |
| Furniture and vehicles | 24 | €29,780 | €28,942 | -€838 | -2.8% |
| Other tangible fixed assets | 26 | €98,000 | €98,000 | = | 0.0% |
| Current assets | 29/58 | €69,531 | €55,881 | -€13,650 | -19.6% |
| Amounts receivable within one year | 40/41 | €15,463 | €15,886 | +€423 | +2.7% |
| Trade receivables | 40 | €15,399 | €15,073 | -€327 | -2.1% |
| Other amounts receivable | 41 | €64 | €813 | +€750 | +1,177% |
| Cash at bank and in hand | 54/58 | €47,331 | €25,276 | -€22,056 | -46.6% |
| Deferred charges and accrued income | 490/1 | €6,737 | €14,719 | +€7,983 | +118% |
| Total equity and liabilities | 10/49 | €1,782,299 | €1,689,311 | -€92,988 | -5.2% |
| Equity | 10/15 | €716,924 | €773,828 | +€56,904 | +7.9% |
| Contributions | 10/11 | €498,500 | €498,500 | = | 0.0% |
| Capital | 10 | €498,500 | €498,500 | = | 0.0% |
| Issued capital | 100 | €498,500 | €498,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,424 | €265,328 | +€56,904 | +27.3% |
| Amounts payable | 17/49 | €1,065,375 | €915,483 | -€149,892 | -14.1% |
| Amounts payable after more than one year | 17 | €893,595 | €707,515 | -€186,080 | -20.8% |
| Financial debts | 170/4 | €665,631 | €527,666 | -€137,964 | -20.7% |
| Other amounts payable | 178/9 | €227,964 | €179,848 | -€48,116 | -21.1% |
| Amounts payable within one year | 42/48 | €171,780 | €204,819 | +€33,038 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €136,289 | €140,202 | +€3,913 | +2.9% |
| Trade debts | 44 | €12,102 | €5,626 | -€6,475 | -53.5% |
| Suppliers | 440/4 | €12,102 | €5,626 | -€6,475 | -53.5% |
| Advances received on contracts in progress | 46 | - | €4,100 | +€4,100 | |
| Taxes, remuneration and social security | 45 | €19,465 | €43,702 | +€24,237 | +125% |
| Taxes | 450/3 | €19,465 | €43,702 | +€24,237 | +125% |
| Other amounts payable | 47/48 | €3,924 | €11,188 | +€7,264 | +185% |
| Accrued charges and deferred income | 492/3 | - | €3,150 | +€3,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,776 | €94,338 | +€7,562 | +8.7% |
| Other operating charges | 640/8 | €30,095 | €18,593 | -€11,503 | -38.2% |
| Gross operating margin | 9900 | €183,419 | €219,252 | +€35,832 | +19.5% |
| Operating profit (loss) | 9901 | €66,549 | €106,321 | +€39,772 | +59.8% |
| Financial income | 75/76B | €36 | €85 | +€49 | +134% |
| Recurring financial income | 75 | €36 | €85 | +€49 | +134% |
| Financial charges | 65/66B | €26,963 | €23,201 | -€3,762 | -14.0% |
| Recurring financial charges | 65 | €26,963 | €23,201 | -€3,762 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €39,622 | €83,206 | +€43,583 | +110% |
| Income taxes | 67/77 | €13,693 | €26,302 | +€12,609 | +92.1% |
| Profit (loss) for the period | 9904 | €25,930 | €56,904 | +€30,974 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €25,930 | €56,904 | +€30,974 | +119% |
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 29 October 2026 via checked.be.