W-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.
What changed
W-Rent
NACE 49.330, On-demand passenger transport by chauffeured vehicle
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,971
2024 · €23,845-€30,816
Equity
€235,450
2024 · €242,421-€6,971
Cash
€3,323
2024 · €11,706-€8,383
Balance sheet total
€2.1m
2024 · €2.0m+€71,147
Largest movements
Assets
- Deferred charges and accrued income +€52,342
new in 2025: €52,342
- Receivables within one year +€25,569
up €25,569 (+66.4%), from €38,480 to €64,049
of which Other amounts receivable: +€14,771
Equity and liabilities
- Other debts +€92,108
up €92,108 (+135%), from €68,186 to €160,293
- Debts after one year -€57,776
down €57,776 (-3.7%), from €1.6m to €1.5m
- Current portion of long-term debt +€36,611
up €36,611 (+26.0%), from €141,025 to €177,636
Income statement
- Gross operating margin -€42,909
down €42,909 (-18.3%), from €234,069 to €191,160
- Depreciation -€10,685
down €10,685 (-7.3%), from €147,291 to €136,606
- Taxes -€10,470
down €10,470 (-100%), from €10,470 to €0
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.
Result 2024
€23,845
Gross operating margin
-€42,909
Depreciation
+€10,685
Other operating charges
+€7
Other operating items
-€8,200
Financial income
-€78
Financial charges
-€791
Taxes
+€10,470
Result 2025
-€6,971
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€151,007
Investment
-€138,226
Financing
-€21,164
Cash 2024
€11,706
From operations (derived)
+€151,007
Net result for the year
-€6,971
Depreciation
+€136,606
Receivables within one year
-€25,569
Deferred charges and accrued income
-€52,342
Trade debts
+€14,054
Tax, wage and social debts
-€6,880
Other debts
+€92,108
Investment (derived)
-€138,226
Investment in fixed assets (net)
-€138,226
Financing
-€21,164
Debts after one year
-€57,776
Current portion of long-term debt
+€36,611
Cash 2025
€3,323
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,032,202 | €2,103,349 | +€71,147 | +3.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,982,016 | €1,983,635 | +€1,619 | +0.1% |
| Tangible fixed assets | 22/27 | €1,981,156 | €1,982,775 | +€1,619 | +0.1% |
| Land and buildings | 22 | €1,796,956 | €1,740,276 | -€56,680 | -3.2% |
| Furniture and vehicles | 24 | €184,199 | €169,583 | -€14,616 | -7.9% |
| Leasing and similar rights | 25 | - | €72,916 | +€72,916 | |
| Financial fixed assets | 28 | €860 | €860 | = | 0.0% |
| Current assets | 29/58 | €50,187 | €119,714 | +€69,527 | +139% |
| Amounts receivable within one year | 40/41 | €38,480 | €64,049 | +€25,569 | +66.4% |
| Trade receivables | 40 | €16,129 | €26,927 | +€10,798 | +66.9% |
| Other amounts receivable | 41 | €22,352 | €37,122 | +€14,771 | +66.1% |
| Cash at bank and in hand | 54/58 | €11,706 | €3,323 | -€8,383 | -71.6% |
| Deferred charges and accrued income | 490/1 | - | €52,342 | +€52,342 | |
| Total equity and liabilities | 10/49 | €2,032,202 | €2,103,349 | +€71,147 | +3.5% |
| Equity | 10/15 | €242,421 | €235,450 | -€6,971 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,821 | €223,821 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,253 | €30,253 | = | 0.0% |
| Distributable reserves | 133 | €193,568 | €193,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,971 | -€6,971 | |
| Amounts payable | 17/49 | €1,789,782 | €1,867,899 | +€78,118 | +4.4% |
| Amounts payable after more than one year | 17 | €1,557,717 | €1,499,941 | -€57,776 | -3.7% |
| Financial debts | 170/4 | €1,557,717 | €1,499,941 | -€57,776 | -3.7% |
| Amounts payable within one year | 42/48 | €232,065 | €367,958 | +€135,893 | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €141,025 | €177,636 | +€36,611 | +26.0% |
| Trade debts | 44 | €6,957 | €21,012 | +€14,054 | +202% |
| Suppliers | 440/4 | €6,957 | €21,012 | +€14,054 | +202% |
| Taxes, remuneration and social security | 45 | €15,897 | €9,017 | -€6,880 | -43.3% |
| Taxes | 450/3 | €15,897 | €9,017 | -€6,880 | -43.3% |
| Other amounts payable | 47/48 | €68,186 | €160,293 | +€92,108 | +135% |
| Non-recurring operating income | 76A | €19,583 | €41,067 | +€21,484 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,291 | €136,606 | -€10,685 | -7.3% |
| Other operating charges | 640/8 | €15,558 | €15,551 | -€7 | 0.0% |
| Non-recurring operating charges | 66A | - | €8,200 | +€8,200 | |
| Gross operating margin | 9900 | €234,069 | €191,160 | -€42,909 | -18.3% |
| Operating profit (loss) | 9901 | €71,219 | €30,802 | -€40,417 | -56.8% |
| Financial income | 75/76B | €1,025 | €947 | -€78 | -7.6% |
| Recurring financial income | 75 | €1,025 | €947 | -€78 | -7.6% |
| Financial charges | 65/66B | €37,928 | €38,720 | +€791 | +2.1% |
| Recurring financial charges | 65 | €37,928 | €38,720 | +€791 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €34,315 | -€6,971 | -€41,286 | |
| Income taxes | 67/77 | €10,470 | €0 | -€10,470 | -100% |
| Profit (loss) for the period | 9904 | €23,845 | -€6,971 | -€30,816 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,845 | -€6,971 | -€30,816 |
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 23 October 2026 via checked.be.