RENTED WHEELS: 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.
RENTED WHEELS
Largest movements
- Tangible fixed assets -€44,142
down €44,142 (-17.1%), from €258,756 to €214,615
of which Land and buildings: -€44,142
- Cash +€19,816
up €19,816 (+91.0%), from €21,784 to €41,599
mainly Depreciation (+€44,142) and Net result for the year (+€25,157)
- Receivables within one year -€5,836
down €5,836 (-39.5%), from €14,789 to €8,953
of which Trade receivables: -€5,643
- Profit (loss) carried forward +€27,023
up €27,023 (+18.2%), from -€148,301 to -€121,278
- Debts after one year -€23,480
down €23,480 (-6.8%), from €345,580 to €322,100
of which Financial debts: -€13,480
- Short-term financial debts -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Trade debts -€6,665
down €6,665 (-30.2%), from €22,039 to €15,374
- Other debts -€5,040
down €5,040 (-48.7%), from €10,343 to €5,303
- Staff costs +€30,178
up €30,178 (+189%), from €15,929 to €46,107
- Gross operating margin +€17,089
up €17,089 (+16.2%), from €105,608 to €122,696
- Taxes -€5,164
no longer reported in 2025 (was €5,164)
- Other operating charges -€3,141
down €3,141 (-57.9%), from €5,421 to €2,280
- Financial charges -€1,887
down €1,887 (-27.0%), from €6,998 to €5,111
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 | €456,402 | €430,121 | -€26,281 | -5.8% |
| Fixed assets | 21/28 | €258,756 | €214,615 | -€44,142 | -17.1% |
| Tangible fixed assets | 22/27 | €258,756 | €214,615 | -€44,142 | -17.1% |
| Land and buildings | 22 | €247,306 | €203,165 | -€44,142 | -17.8% |
| Furniture and vehicles | 24 | €11,450 | €11,450 | = | 0.0% |
| Current assets | 29/58 | €197,646 | €215,506 | +€17,861 | +9.0% |
| Stocks and contracts in progress | 3 | €161,073 | €164,954 | +€3,881 | +2.4% |
| Stocks | 30/36 | €161,073 | €164,954 | +€3,881 | +2.4% |
| Amounts receivable within one year | 40/41 | €14,789 | €8,953 | -€5,836 | -39.5% |
| Trade receivables | 40 | €14,596 | €8,953 | -€5,643 | -38.7% |
| Other amounts receivable | 41 | €193 | - | -€193 | |
| Cash at bank and in hand | 54/58 | €21,784 | €41,599 | +€19,816 | +91.0% |
| Total equity and liabilities | 10/49 | €456,402 | €430,121 | -€26,281 | -5.8% |
| Equity | 10/15 | €12,229 | €37,386 | +€25,157 | +206% |
| Contributions | 10/11 | €158,664 | €158,664 | = | 0.0% |
| Reserves | 13 | €1,866 | - | -€1,866 | |
| Distributable reserves | 133 | €1,866 | - | -€1,866 | |
| Profit (loss) carried forward | 14 | -€148,301 | -€121,278 | +€27,023 | +18.2% |
| Amounts payable | 17/49 | €444,172 | €392,735 | -€51,438 | -11.6% |
| Amounts payable after more than one year | 17 | €345,580 | €322,100 | -€23,480 | -6.8% |
| Financial debts | 170/4 | €48,922 | €35,442 | -€13,480 | -27.6% |
| Other amounts payable | 178/9 | €296,658 | €286,658 | -€10,000 | -3.4% |
| Amounts payable within one year | 42/48 | €98,592 | €70,635 | -€27,958 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €13,221 | €13,480 | +€260 | +2.0% |
| Financial debts | 43 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Other loans | 439 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Trade debts | 44 | €22,039 | €15,374 | -€6,665 | -30.2% |
| Suppliers | 440/4 | €22,039 | €15,374 | -€6,665 | -30.2% |
| Advances received on contracts in progress | 46 | €3,843 | - | -€3,843 | |
| Taxes, remuneration and social security | 45 | €19,146 | €16,478 | -€2,668 | -13.9% |
| Taxes | 450/3 | €17,335 | €13,598 | -€3,736 | -21.6% |
| Remuneration and social security | 454/9 | €1,811 | €2,879 | +€1,068 | +59.0% |
| Other amounts payable | 47/48 | €10,343 | €5,303 | -€5,040 | -48.7% |
| Remuneration, social security and pensions | 62 | €15,929 | €46,107 | +€30,178 | +189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,261 | €44,142 | -€1,119 | -2.5% |
| Other operating charges | 640/8 | €5,421 | €2,280 | -€3,141 | -57.9% |
| Gross operating margin | 9900 | €105,608 | €122,696 | +€17,089 | +16.2% |
| Operating profit (loss) | 9901 | €38,997 | €30,167 | -€8,830 | -22.6% |
| Financial income | 75/76B | €142 | €101 | -€41 | -29.1% |
| Recurring financial income | 75 | €142 | €101 | -€41 | -29.1% |
| Financial charges | 65/66B | €6,998 | €5,111 | -€1,887 | -27.0% |
| Recurring financial charges | 65 | €6,998 | €5,111 | -€1,887 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €32,141 | €25,157 | -€6,984 | -21.7% |
| Income taxes | 67/77 | €5,164 | - | -€5,164 | |
| Profit (loss) for the period | 9904 | €26,977 | €25,157 | -€1,820 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,977 | €25,157 | -€1,820 | -6.7% |
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 15 October 2026 via checked.be.