Financial

Preserved borrowing capacity. Renting doesn't create any asset or liability and the rents aren't included in off-balance sheet commitments:

• Your balance sheet is lightened with investments transforming into operational expenses
• It's an operating budget rather than an investment budget

The financial burden is spread over the lease term, allowing to benefit from:

• No depreciation constraint
• No initial VAT payment
• No negative impact on your cash flow

The rents, recorded as expenses, reduce your tax liability. You fully deduct the rents as expenses in your income statement.