A.M. RACING: 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.
A.M. RACING
Largest movements
- Tangible fixed assets -€29,055
down €29,055 (-13.2%), from €219,600 to €190,546
of which Furniture and vehicles: -€16,433
- Receivables within one year -€9,628
down €9,628 (-46.3%), from €20,815 to €11,188
of which Trade receivables: -€9,628
- Cash +€3,124
up €3,124 (+10.9%), from €28,603 to €31,727
mainly Depreciation (+€43,760) and Trade debts (+€9,957)
- Debts after one year -€38,072
down €38,072 (-32.5%), from €117,177 to €79,104
- Trade debts +€9,957
up €9,957 (+73.6%), from €13,536 to €23,493
- Tax, wage and social debts -€8,689
down €8,689 (-51.8%), from €16,779 to €8,091
- Profit (loss) carried forward +€5,341
up €5,341 (+20.2%), from €26,398 to €31,739
- Current portion of long-term debt -€3,441
down €3,441 (-7.0%), from €49,514 to €46,072
- Depreciation +€3,537
up €3,537 (+8.8%), from €40,223 to €43,760
- Gross operating margin +€2,649
up €2,649 (+4.5%), from €59,005 to €61,654
- Other operating charges -€1,453
down €1,453 (-27.3%), from €5,328 to €3,875
- Write-downs +€733
up €733, from -€733 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.
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 | €279,289 | €244,386 | -€34,902 | -12.5% |
| Fixed assets | 21/28 | €219,600 | €190,546 | -€29,055 | -13.2% |
| Tangible fixed assets | 22/27 | €219,600 | €190,546 | -€29,055 | -13.2% |
| Land and buildings | 22 | €120,498 | €110,943 | -€9,554 | -7.9% |
| Plant, machinery and equipment | 23 | €9,897 | €6,829 | -€3,068 | -31.0% |
| Furniture and vehicles | 24 | €89,206 | €72,774 | -€16,433 | -18.4% |
| Current assets | 29/58 | €59,688 | €53,841 | -€5,848 | -9.8% |
| Stocks and contracts in progress | 3 | €9,206 | €8,976 | -€230 | -2.5% |
| Stocks | 30/36 | €9,206 | €8,976 | -€230 | -2.5% |
| Amounts receivable within one year | 40/41 | €20,815 | €11,188 | -€9,628 | -46.3% |
| Trade receivables | 40 | €20,322 | €10,694 | -€9,628 | -47.4% |
| Other amounts receivable | 41 | €493 | €493 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,603 | €31,727 | +€3,124 | +10.9% |
| Deferred charges and accrued income | 490/1 | €1,064 | €1,950 | +€886 | +83.3% |
| Total equity and liabilities | 10/49 | €279,289 | €244,386 | -€34,902 | -12.5% |
| Equity | 10/15 | €82,165 | €87,506 | +€5,341 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,167 | €37,167 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,307 | €35,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,398 | €31,739 | +€5,341 | +20.2% |
| Amounts payable | 17/49 | €197,123 | €156,880 | -€40,243 | -20.4% |
| Amounts payable after more than one year | 17 | €117,177 | €79,104 | -€38,072 | -32.5% |
| Financial debts | 170/4 | €117,177 | €79,104 | -€38,072 | -32.5% |
| Amounts payable within one year | 42/48 | €79,946 | €77,776 | -€2,171 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €49,514 | €46,072 | -€3,441 | -7.0% |
| Trade debts | 44 | €13,536 | €23,493 | +€9,957 | +73.6% |
| Suppliers | 440/4 | €13,536 | €23,493 | +€9,957 | +73.6% |
| Taxes, remuneration and social security | 45 | €16,779 | €8,091 | -€8,689 | -51.8% |
| Taxes | 450/3 | €16,779 | €8,091 | -€8,689 | -51.8% |
| Other amounts payable | 47/48 | €117 | €120 | +€3 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,223 | €43,760 | +€3,537 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€733 | €0 | +€733 | |
| Other operating charges | 640/8 | €5,328 | €3,875 | -€1,453 | -27.3% |
| Gross operating margin | 9900 | €59,005 | €61,654 | +€2,649 | +4.5% |
| Operating profit (loss) | 9901 | €14,187 | €14,020 | -€168 | -1.2% |
| Financial income | 75/76B | €2 | €22 | +€20 | +1,160% |
| Recurring financial income | 75 | €2 | €22 | +€20 | +1,160% |
| Financial charges | 65/66B | €5,964 | €6,159 | +€195 | +3.3% |
| Recurring financial charges | 65 | €5,964 | €6,159 | +€195 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €8,225 | €7,882 | -€343 | -4.2% |
| Income taxes | 67/77 | €2,507 | €2,541 | +€34 | +1.4% |
| Profit (loss) for the period | 9904 | €5,718 | €5,341 | -€378 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,718 | €5,341 | -€378 | -6.6% |
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 17 October 2026 via checked.be.