PW Rent: what changed
PW Rent
Largest movements
- Tangible fixed assets +€9,789
up €9,789 (+20.7%), from €47,363 to €57,152
of which Plant, machinery and equipment: +€7,044
- Cash -€4,711
down €4,711 (-73.0%), from €6,458 to €1,746
mainly Investment in fixed assets (net) (-€23,352) and Debts after one year (-€9,970)
- Reserves +€12,828
up €12,828 (+392%), from €3,269 to €16,096
- Debts after one year -€9,970
down €9,970 (-38.5%), from €25,929 to €15,959
- Trade debts -€8,265
down €8,265 (-60.7%), from €13,605 to €5,340
- Tax, wage and social debts +€5,714
up €5,714 (+888%), from €643 to €6,357
- Other debts +€4,768
up €4,768 (+2,432%), from €196 to €4,964
- Gross operating margin +€12,541
up €12,541 (+66.2%), from €18,944 to €31,484
- Taxes +€2,601
up €2,601 (+422%), from €617 to €3,218
- Depreciation +€2,006
up €2,006 (+17.4%), from €11,557 to €13,562
- Financial charges -€1,392
down €1,392 (-46.3%), from €3,007 to €1,615
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,741 | €63,687 | +€4,946 | +8.4% |
| Fixed assets | 21/28 | €47,363 | €57,152 | +€9,789 | +20.7% |
| Tangible fixed assets | 22/27 | €47,363 | €57,152 | +€9,789 | +20.7% |
| Plant, machinery and equipment | 23 | €34,950 | €41,995 | +€7,044 | +20.2% |
| Furniture and vehicles | 24 | €12,413 | €15,157 | +€2,745 | +22.1% |
| Current assets | 29/58 | €11,379 | €6,535 | -€4,844 | -42.6% |
| Amounts receivable within one year | 40/41 | €4,921 | €4,789 | -€132 | -2.7% |
| Trade receivables | 40 | €2,927 | €1,789 | -€1,139 | -38.9% |
| Other amounts receivable | 41 | €1,994 | €3,000 | +€1,006 | +50.5% |
| Cash at bank and in hand | 54/58 | €6,458 | €1,746 | -€4,711 | -73.0% |
| Total equity and liabilities | 10/49 | €58,741 | €63,687 | +€4,946 | +8.4% |
| Equity | 10/15 | €8,269 | €21,096 | +€12,828 | +155% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,269 | €16,096 | +€12,828 | +392% |
| Distributable reserves | 133 | €3,269 | €16,096 | +€12,828 | +392% |
| Amounts payable | 17/49 | €50,473 | €42,591 | -€7,882 | -15.6% |
| Amounts payable after more than one year | 17 | €25,929 | €15,959 | -€9,970 | -38.5% |
| Financial debts | 170/4 | €25,929 | €15,959 | -€9,970 | -38.5% |
| Amounts payable within one year | 42/48 | €24,544 | €26,631 | +€2,088 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €10,100 | €9,970 | -€130 | -1.3% |
| Trade debts | 44 | €13,605 | €5,340 | -€8,265 | -60.7% |
| Suppliers | 440/4 | €13,605 | €5,340 | -€8,265 | -60.7% |
| Taxes, remuneration and social security | 45 | €643 | €6,357 | +€5,714 | +888% |
| Taxes | 450/3 | €643 | €6,357 | +€5,714 | +888% |
| Other amounts payable | 47/48 | €196 | €4,964 | +€4,768 | +2,432% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,557 | €13,562 | +€2,006 | +17.4% |
| Other operating charges | 640/8 | €504 | €377 | -€127 | -25.3% |
| Gross operating margin | 9900 | €18,944 | €31,484 | +€12,541 | +66.2% |
| Operating profit (loss) | 9901 | €6,883 | €17,545 | +€10,662 | +155% |
| Financial income | 75/76B | €9 | €115 | +€106 | +1,129% |
| Recurring financial income | 75 | €9 | €115 | +€106 | +1,129% |
| Financial charges | 65/66B | €3,007 | €1,615 | -€1,392 | -46.3% |
| Recurring financial charges | 65 | €3,007 | €1,615 | -€1,392 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €3,886 | €16,046 | +€12,160 | +313% |
| Income taxes | 67/77 | €617 | €3,218 | +€2,601 | +422% |
| Profit (loss) for the period | 9904 | €3,269 | €12,828 | +€9,559 | +292% |
| Profit (loss) for the period to be appropriated | 9905 | €3,269 | €12,828 | +€9,559 | +292% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.