VH 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.
VH RENT
Largest movements
- Cash -€12,705
down €12,705 (-25.3%), from €50,172 to €37,468
mainly Investment in fixed assets (net) (-€34,525) and Net result for the year (-€16,964)
- Tangible fixed assets -€8,353
down €8,353 (-2.5%), from €335,229 to €326,876
of which Furniture and vehicles: -€16,745
- Profit (loss) carried forward -€16,964
new in 2025: -€16,964
- Current portion of long-term debt +€10,864
up €10,864 (+38.5%), from €28,235 to €39,100
- Debts after one year -€8,257
down €8,257 (-4.2%), from €196,770 to €188,514
- Gross operating margin -€15,127
down €15,127 (-29.3%), from €51,589 to €36,462
- Depreciation +€13,518
up €13,518 (+46.0%), from €29,360 to €42,878
- Other operating charges -€5,607
down €5,607 (-70.4%), from €7,965 to €2,357
- Taxes -€2,092
no longer reported in 2025 (was €2,092)
- Financial charges +€1,372
up €1,372 (+20.0%), from €6,848 to €8,220
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 | €397,940 | €381,826 | -€16,113 | -4.0% |
| Fixed assets | 21/28 | €335,284 | €326,931 | -€8,353 | -2.5% |
| Tangible fixed assets | 22/27 | €335,229 | €326,876 | -€8,353 | -2.5% |
| Land and buildings | 22 | €235,672 | €227,004 | -€8,668 | -3.7% |
| Plant, machinery and equipment | 23 | €14,502 | €31,561 | +€17,059 | +118% |
| Furniture and vehicles | 24 | €85,055 | €68,310 | -€16,745 | -19.7% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €62,655 | €54,895 | -€7,760 | -12.4% |
| Stocks and contracts in progress | 3 | €2,222 | €5,064 | +€2,842 | +128% |
| Stocks | 30/36 | €2,222 | €5,064 | +€2,842 | +128% |
| Amounts receivable within one year | 40/41 | €9,215 | €11,244 | +€2,029 | +22.0% |
| Trade receivables | 40 | €4,745 | €7,222 | +€2,477 | +52.2% |
| Other amounts receivable | 41 | €4,470 | €4,023 | -€448 | -10.0% |
| Cash at bank and in hand | 54/58 | €50,172 | €37,468 | -€12,705 | -25.3% |
| Deferred charges and accrued income | 490/1 | €1,045 | €1,119 | +€74 | +7.0% |
| Total equity and liabilities | 10/49 | €397,940 | €381,826 | -€16,113 | -4.0% |
| Equity | 10/15 | €68,905 | €51,941 | -€16,964 | -24.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €56,505 | €56,505 | = | 0.0% |
| Distributable reserves | 133 | €56,505 | €56,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,964 | -€16,964 | |
| Amounts payable | 17/49 | €329,035 | €329,885 | +€850 | +0.3% |
| Amounts payable after more than one year | 17 | €196,770 | €188,514 | -€8,257 | -4.2% |
| Financial debts | 170/4 | €196,770 | €188,514 | -€8,257 | -4.2% |
| Amounts payable within one year | 42/48 | €132,264 | €141,371 | +€9,107 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €28,235 | €39,100 | +€10,864 | +38.5% |
| Trade debts | 44 | €2,760 | €2,042 | -€718 | -26.0% |
| Suppliers | 440/4 | €2,760 | €2,042 | -€718 | -26.0% |
| Taxes, remuneration and social security | 45 | €1,935 | €1,304 | -€631 | -32.6% |
| Taxes | 450/3 | €1,935 | €1,304 | -€631 | -32.6% |
| Other amounts payable | 47/48 | €99,335 | €98,926 | -€409 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,360 | €42,878 | +€13,518 | +46.0% |
| Other operating charges | 640/8 | €7,965 | €2,357 | -€5,607 | -70.4% |
| Gross operating margin | 9900 | €51,589 | €36,462 | -€15,127 | -29.3% |
| Operating profit (loss) | 9901 | €14,264 | -€8,774 | -€23,038 | |
| Financial income | 75/76B | €69 | €30 | -€39 | -56.7% |
| Recurring financial income | 75 | €69 | €30 | -€39 | -56.7% |
| Financial charges | 65/66B | €6,848 | €8,220 | +€1,372 | +20.0% |
| Recurring financial charges | 65 | €6,848 | €8,220 | +€1,372 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €7,485 | -€16,964 | -€24,449 | |
| Income taxes | 67/77 | €2,092 | - | -€2,092 | |
| Profit (loss) for the period | 9904 | €5,394 | -€16,964 | -€22,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,394 | -€16,964 | -€22,357 |
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 20 October 2026 via checked.be.