ADS 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.
ADS RACING
Largest movements
- Tangible fixed assets +€8,085
up €8,085 (+3.2%), from €255,698 to €263,782
of which Plant, machinery and equipment: +€18,602
- Receivables within one year -€6,171
down €6,171 (-34.1%), from €18,088 to €11,918
of which Trade receivables: -€3,165
- Other debts +€35,157
up €35,157 (+42.2%), from €83,348 to €118,505
- Debts after one year -€26,031
down €26,031 (-16.0%), from €162,954 to €136,923
of which Financial debts: -€26,031
- Trade debts -€11,698
down €11,698 (-22.4%), from €52,296 to €40,599
- Advances received +€8,933
up €8,933 (+255%), from €3,509 to €12,442
- Profit (loss) carried forward -€3,723
down €3,723 (-3.6%), from -€102,234 to -€105,957
- Gross operating margin +€5,266
up €5,266 (+32.5%), from €16,184 to €21,450
- Taxes +€4,704
new in 2024: €4,704
- Turnover +€3,239
up €3,239 (+10.1%), from €31,992 to €35,231
- Purchases and services -€2,518
down €2,518 (-10.4%), from €24,196 to €21,678
- Depreciation +€2,416
up €2,416 (+15.7%), from €15,398 to €17,813
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,291 | €280,054 | +€3,763 | +1.4% |
| Fixed assets | 21/28 | €255,698 | €263,782 | +€8,085 | +3.2% |
| Tangible fixed assets | 22/27 | €255,698 | €263,782 | +€8,085 | +3.2% |
| Land and buildings | 22 | €200,214 | €191,417 | -€8,797 | -4.4% |
| Plant, machinery and equipment | 23 | €46,839 | €65,441 | +€18,602 | +39.7% |
| Furniture and vehicles | 24 | €8,644 | €6,924 | -€1,720 | -19.9% |
| Current assets | 29/58 | €20,593 | €16,272 | -€4,321 | -21.0% |
| Amounts receivable within one year | 40/41 | €18,088 | €11,918 | -€6,171 | -34.1% |
| Trade receivables | 40 | €14,962 | €11,797 | -€3,165 | -21.2% |
| Other amounts receivable | 41 | €3,126 | €120 | -€3,006 | -96.1% |
| Cash at bank and in hand | 54/58 | €2,505 | €4,354 | +€1,849 | +73.8% |
| Total equity and liabilities | 10/49 | €276,291 | €280,054 | +€3,763 | +1.4% |
| Equity | 10/15 | -€81,630 | -€85,353 | -€3,723 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,004 | €2,004 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,004 | €2,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,234 | -€105,957 | -€3,723 | -3.6% |
| Amounts payable | 17/49 | €357,921 | €365,407 | +€7,486 | +2.1% |
| Amounts payable after more than one year | 17 | €162,954 | €136,923 | -€26,031 | -16.0% |
| Financial debts | 170/4 | €36,954 | €10,923 | -€26,031 | -70.4% |
| Other amounts payable | 178/9 | €126,000 | €126,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €194,967 | €228,483 | +€33,517 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €25,772 | €26,031 | +€259 | +1.0% |
| Financial debts | 43 | €30,042 | €30,042 | = | 0.0% |
| Credit institutions | 430/8 | €30,042 | €30,042 | = | 0.0% |
| Trade debts | 44 | €52,296 | €40,599 | -€11,698 | -22.4% |
| Suppliers | 440/4 | €52,296 | €40,599 | -€11,698 | -22.4% |
| Advances received on contracts in progress | 46 | €3,509 | €12,442 | +€8,933 | +255% |
| Taxes, remuneration and social security | 45 | - | €865 | +€865 | |
| Taxes | 450/3 | - | €865 | +€865 | |
| Other amounts payable | 47/48 | €83,348 | €118,505 | +€35,157 | +42.2% |
| Turnover | 70 | €31,992 | €35,231 | +€3,239 | +10.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,196 | €21,678 | -€2,518 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,398 | €17,813 | +€2,416 | +15.7% |
| Other operating charges | 640/8 | €1,723 | €1,912 | +€188 | +10.9% |
| Gross operating margin | 9900 | €16,184 | €21,450 | +€5,266 | +32.5% |
| Operating profit (loss) | 9901 | -€937 | €1,724 | +€2,662 | |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €1,960 | €806 | -€1,155 | -58.9% |
| Recurring financial charges | 65 | €1,960 | €806 | -€1,155 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,898 | €981 | +€3,879 | |
| Income taxes | 67/77 | - | €4,704 | +€4,704 | |
| Profit (loss) for the period | 9904 | -€2,898 | -€3,723 | -€825 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,898 | -€3,723 | -€825 | -28.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.