DW-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.
DW-Rent
Largest movements
- Receivables within one year -€70,498
down €70,498 (-51.3%), from €137,449 to €66,950
of which Trade receivables: -€58,069
- Tangible fixed assets -€59,900
down €59,900 (-26.9%), from €222,715 to €162,815
of which Leasing and similar rights: -€51,727
- Cash +€5,109
up €5,109 (+8.8%), from €58,271 to €63,380
mainly Receivables within one year (+€70,498) and Depreciation (+€65,077)
- Debts after one year -€52,137
down €52,137 (-43.8%), from €118,984 to €66,847
- Trade debts -€36,952
down €36,952 (-27.5%), from €134,177 to €97,225
- Profit (loss) carried forward -€31,800
down €31,800, from €15,776 to -€16,024
- Gross operating margin -€130,100
down €130,100 (-53.1%), from €245,149 to €115,049
- Depreciation -€17,844
down €17,844 (-21.5%), from €82,921 to €65,077
- Financial charges -€10,610
down €10,610 (-39.8%), from €26,652 to €16,041
- Other operating charges +€9,889
up €9,889 (+151%), from €6,528 to €16,417
- Staff costs -€4,799
down €4,799 (-9.3%), from €51,844 to €47,045
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 | €436,041 | €310,340 | -€125,701 | -28.8% |
| Fixed assets | 21/28 | €223,647 | €163,091 | -€60,556 | -27.1% |
| Intangible fixed assets | 21 | €933 | €277 | -€656 | -70.3% |
| Tangible fixed assets | 22/27 | €222,715 | €162,815 | -€59,900 | -26.9% |
| Plant, machinery and equipment | 23 | €22,572 | €17,109 | -€5,463 | -24.2% |
| Furniture and vehicles | 24 | €3,308 | €598 | -€2,710 | -81.9% |
| Leasing and similar rights | 25 | €196,835 | €145,108 | -€51,727 | -26.3% |
| Current assets | 29/58 | €212,394 | €147,249 | -€65,145 | -30.7% |
| Stocks and contracts in progress | 3 | €4,931 | €2,409 | -€2,522 | -51.1% |
| Stocks | 30/36 | €4,931 | €2,409 | -€2,522 | -51.1% |
| Amounts receivable within one year | 40/41 | €137,449 | €66,950 | -€70,498 | -51.3% |
| Trade receivables | 40 | €123,695 | €65,626 | -€58,069 | -46.9% |
| Other amounts receivable | 41 | €13,754 | €1,324 | -€12,430 | -90.4% |
| Cash at bank and in hand | 54/58 | €58,271 | €63,380 | +€5,109 | +8.8% |
| Deferred charges and accrued income | 490/1 | €11,743 | €14,509 | +€2,766 | +23.6% |
| Total equity and liabilities | 10/49 | €436,041 | €310,340 | -€125,701 | -28.8% |
| Equity | 10/15 | €22,076 | -€9,724 | -€31,800 | |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,776 | -€16,024 | -€31,800 | |
| Amounts payable | 17/49 | €413,965 | €320,064 | -€93,901 | -22.7% |
| Amounts payable after more than one year | 17 | €118,984 | €66,847 | -€52,137 | -43.8% |
| Financial debts | 170/4 | €118,984 | €66,847 | -€52,137 | -43.8% |
| Amounts payable within one year | 42/48 | €294,981 | €253,217 | -€41,764 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €78,940 | €77,600 | -€1,340 | -1.7% |
| Trade debts | 44 | €134,177 | €97,225 | -€36,952 | -27.5% |
| Suppliers | 440/4 | €134,177 | €97,225 | -€36,952 | -27.5% |
| Taxes, remuneration and social security | 45 | €33,467 | €32,792 | -€675 | -2.0% |
| Taxes | 450/3 | €25,017 | €30,490 | +€5,473 | +21.9% |
| Remuneration and social security | 454/9 | €8,450 | €2,301 | -€6,149 | -72.8% |
| Other amounts payable | 47/48 | €48,396 | €45,600 | -€2,797 | -5.8% |
| Non-recurring operating income | 76A | €4,175 | €3,529 | -€647 | -15.5% |
| Remuneration, social security and pensions | 62 | €51,844 | €47,045 | -€4,799 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,921 | €65,077 | -€17,844 | -21.5% |
| Other operating charges | 640/8 | €6,528 | €16,417 | +€9,889 | +151% |
| Non-recurring operating charges | 66A | €62,947 | €2,777 | -€60,170 | -95.6% |
| Gross operating margin | 9900 | €245,149 | €115,049 | -€130,100 | -53.1% |
| Operating profit (loss) | 9901 | €40,909 | -€16,267 | -€57,176 | |
| Financial income | 75/76B | €358 | €508 | +€150 | +42.0% |
| Recurring financial income | 75 | €358 | €508 | +€150 | +42.0% |
| Financial charges | 65/66B | €26,652 | €16,041 | -€10,610 | -39.8% |
| Recurring financial charges | 65 | €26,652 | €16,041 | -€10,610 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €14,615 | -€31,800 | -€46,415 | |
| Income taxes | 67/77 | €3,732 | - | -€3,732 | |
| Profit (loss) for the period | 9904 | €10,883 | -€31,800 | -€42,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,883 | -€31,800 | -€42,683 |
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.