A & D Rental: what changed
What changed
A & D Rental
NACE 47.812, Retail trade
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €708,428+€550,729
Equity
€23.6m
2024 · €1.8m+€21.8m
Cash
€112,935
2024 · €228,498-€115,563
Balance sheet total
€27.5m
2024 · €8.3m+€19.2m
Largest movements
Assets
- Financial fixed assets +€9.8m
up €9.8m (+366%), from €2.7m to €12.5m
- Tangible fixed assets +€5.1m
up €5.1m (+150%), from €3.4m to €8.5m
of which Land and buildings: +€5.1m
- Receivables within one year +€2.9m
up €2.9m (+1,168%), from €250,606 to €3.2m
of which Other amounts receivable: +€2.7m
- Stocks and contracts +€1.2m
up €1.2m (+211%), from €575,163 to €1.8m
- Receivables after one year +€546,862
new in 2025: €546,862
Equity and liabilities
- Reserves +€21.6m
up €21.6m (+1,205%), from €1.8m to €23.4m
of which Distributable reserves: +€14.2m
- Debts after one year -€3.4m
down €3.4m (-57.9%), from €5.8m to €2.5m
of which Other amounts payable: -€3.0m
- Other debts +€821,393
up €821,393 (+754%), from €108,896 to €930,289
Income statement
- Gross operating margin +€602,669
up €602,669 (+45.2%), from €1.3m to €1.9m
- Taxes +€181,099
up €181,099 (+78.6%), from €230,496 to €411,596
- Financial charges -€126,638
down €126,638 (-43.4%), from €291,541 to €164,903
- Depreciation +€49,284
up €49,284 (+48.4%), from €101,745 to €151,028
- Financial income +€38,513
up €38,513 (+87.3%), from €44,131 to €82,643
Change in the result, 2024 to 2025
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 2024
€708,428
Gross operating margin
+€602,669
Depreciation
-€49,284
Write-downs
+€27,425
Other operating charges
-€14,133
Financial income
+€38,513
Financial charges
+€126,638
Taxes
-€181,099
Result 2025
€1.3m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.2m
Investment
-€14.9m
Financing
+€17.0m
Cash 2024
€228,498
From operations (derived)
-€2.2m
Net result for the year
+€1.3m
Depreciation
+€151,028
Receivables after one year
-€546,862
Stocks and contracts
-€1.2m
Receivables within one year
-€2.9m
Deferred charges and accrued income
+€137,573
Trade debts
+€84,915
Smaller working-capital items
+€29,419
Other debts
+€821,393
Investment (derived)
-€14.9m
Investment in fixed assets (net)
-€15.1m
Current investments
+€199,192
Financing
+€17.0m
Debts after one year
-€3.4m
Current portion of long-term debt
-€133,334
Contributions, distributions and other
+€20.5m
Cash 2025
€112,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,327,353 | €27,510,931 | +€19.2m | +230% |
| Fixed assets | 21/28 | €6,090,595 | €21,036,363 | +€14.9m | +245% |
| Tangible fixed assets | 22/27 | €3,403,162 | €8,516,310 | +€5.1m | +150% |
| Land and buildings | 22 | €3,295,169 | €8,441,818 | +€5.1m | +156% |
| Plant, machinery and equipment | 23 | €5,529 | €3,529 | -€2,000 | -36.2% |
| Furniture and vehicles | 24 | €102,464 | €70,964 | -€31,501 | -30.7% |
| Financial fixed assets | 28 | €2,687,434 | €12,520,053 | +€9.8m | +366% |
| Current assets | 29/58 | €2,236,758 | €6,474,568 | +€4.2m | +189% |
| Amounts receivable after more than one year | 29 | - | €546,862 | +€546,862 | |
| Other amounts receivable | 291 | - | €546,862 | +€546,862 | |
| Stocks and contracts in progress | 3 | €575,163 | €1,791,491 | +€1.2m | +211% |
| Stocks | 30/36 | €575,163 | €1,791,491 | +€1.2m | +211% |
| Amounts receivable within one year | 40/41 | €250,606 | €3,177,554 | +€2.9m | +1,168% |
| Trade receivables | 40 | €41,287 | €290,213 | +€248,926 | +603% |
| Other amounts receivable | 41 | €209,318 | €2,887,341 | +€2.7m | +1,279% |
| Current investments | 50/53 | €1,025,996 | €826,804 | -€199,192 | -19.4% |
| Cash at bank and in hand | 54/58 | €228,498 | €112,935 | -€115,563 | -50.6% |
| Deferred charges and accrued income | 490/1 | €156,496 | €18,922 | -€137,573 | -87.9% |
| Total equity and liabilities | 10/49 | €8,327,353 | €27,510,931 | +€19.2m | +230% |
| Equity | 10/15 | €1,795,050 | €23,550,262 | +€21.8m | +1,212% |
| Contributions | 10/11 | €4,700 | €49,053 | +€44,353 | +944% |
| Revaluation surpluses | 12 | - | €137,685 | +€137,685 | |
| Reserves | 13 | €1,790,350 | €23,363,523 | +€21.6m | +1,205% |
| Tax-exempt reserves | 132 | €1,006,161 | €8,358,507 | +€7.4m | +731% |
| Distributable reserves | 133 | €784,189 | €15,005,016 | +€14.2m | +1,813% |
| Amounts payable | 17/49 | €6,532,303 | €3,960,669 | -€2.6m | -39.4% |
| Amounts payable after more than one year | 17 | €5,830,686 | €2,456,658 | -€3.4m | -57.9% |
| Financial debts | 170/4 | €1,072,023 | €676,785 | -€395,238 | -36.9% |
| Other amounts payable | 178/9 | €4,758,662 | €1,779,873 | -€3.0m | -62.6% |
| Amounts payable within one year | 42/48 | €700,000 | €1,497,280 | +€797,280 | +114% |
| Current portion of amounts payable after more than one year | 42 | €572,619 | €439,286 | -€133,334 | -23.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,088 | €91,003 | +€84,915 | +1,395% |
| Suppliers | 440/4 | €6,088 | €91,003 | +€84,915 | +1,395% |
| Taxes, remuneration and social security | 45 | €12,397 | €36,703 | +€24,306 | +196% |
| Taxes | 450/3 | €9,516 | €33,805 | +€24,289 | +255% |
| Remuneration and social security | 454/9 | €2,881 | €2,898 | +€17 | +0.6% |
| Other amounts payable | 47/48 | €108,896 | €930,289 | +€821,393 | +754% |
| Accrued charges and deferred income | 492/3 | €1,617 | €6,730 | +€5,113 | +316% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,745 | €151,028 | +€49,284 | +48.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,425 | €0 | -€27,425 | -100% |
| Other operating charges | 640/8 | €16,646 | €30,780 | +€14,133 | +84.9% |
| Gross operating margin | 9900 | €1,332,151 | €1,934,820 | +€602,669 | +45.2% |
| Operating profit (loss) | 9901 | €1,186,335 | €1,753,012 | +€566,677 | +47.8% |
| Financial income | 75/76B | €44,131 | €82,643 | +€38,513 | +87.3% |
| Recurring financial income | 75 | €44,131 | €82,643 | +€38,513 | +87.3% |
| Financial charges | 65/66B | €291,541 | €164,903 | -€126,638 | -43.4% |
| Recurring financial charges | 65 | €291,541 | €164,903 | -€126,638 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €938,925 | €1,670,753 | +€731,828 | +77.9% |
| Income taxes | 67/77 | €230,496 | €411,596 | +€181,099 | +78.6% |
| Profit (loss) for the period | 9904 | €708,428 | €1,259,157 | +€550,729 | +77.7% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €708,428 | €1,259,157 | +€550,729 | +77.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.