All Racing Solutions: what changed
All Racing Solutions
Largest movements
- Cash -€37,354
down €37,354 (-96.1%), from €38,878 to €1,525
mainly Net result for the year (-€37,628) and Investment in fixed assets (net) (-€36,724)
- Tangible fixed assets +€27,909
up €27,909 (+128%), from €21,857 to €49,767
- Stocks and contracts +€14,326
up €14,326 (+186%), from €7,681 to €22,007
- Receivables within one year +€5,911
up €5,911 (+46.0%), from €12,861 to €18,773
of which Trade receivables: +€5,853
- Profit (loss) carried forward -€37,628
down €37,628 (-206%), from -€18,227 to -€55,855
- Debts after one year +€26,940
up €26,940 (+106%), from €25,406 to €52,346
- Other debts +€9,646
up €9,646 (+141%), from €6,860 to €16,507
- Tax, wage and social debts +€6,828
up €6,828 (+61.0%), from €11,202 to €18,030
- Current portion of long-term debt +€4,900
up €4,900 (+83.7%), from €5,856 to €10,756
- Gross operating margin -€74,584
down €74,584, from €50,887 to -€23,697
- Depreciation +€6,721
up €6,721 (+321%), from €2,094 to €8,814
- Taxes -€6,528
no longer reported in 2025 (was €6,528)
- Financial charges +€2,047
up €2,047 (+211%), from €969 to €3,016
- Other operating charges +€989
up €989 (+103%), from €964 to €1,952
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 | €81,412 | €92,121 | +€10,709 | +13.2% |
| Fixed assets | 21/28 | €21,857 | €49,767 | +€27,909 | +128% |
| Tangible fixed assets | 22/27 | €21,857 | €49,767 | +€27,909 | +128% |
| Furniture and vehicles | 24 | €21,857 | €49,767 | +€27,909 | +128% |
| Current assets | 29/58 | €59,554 | €42,354 | -€17,201 | -28.9% |
| Stocks and contracts in progress | 3 | €7,681 | €22,007 | +€14,326 | +186% |
| Stocks | 30/36 | €7,681 | €22,007 | +€14,326 | +186% |
| Amounts receivable within one year | 40/41 | €12,861 | €18,773 | +€5,911 | +46.0% |
| Trade receivables | 40 | €12,851 | €18,703 | +€5,853 | +45.5% |
| Other amounts receivable | 41 | €10 | €69 | +€59 | +574% |
| Cash at bank and in hand | 54/58 | €38,878 | €1,525 | -€37,354 | -96.1% |
| Deferred charges and accrued income | 490/1 | €134 | €49 | -€84 | -63.0% |
| Total equity and liabilities | 10/49 | €81,412 | €92,121 | +€10,709 | +13.2% |
| Equity | 10/15 | €26,473 | -€11,155 | -€37,628 | |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Reserves | 13 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,227 | -€55,855 | -€37,628 | -206% |
| Amounts payable | 17/49 | €54,939 | €103,275 | +€48,337 | +88.0% |
| Amounts payable after more than one year | 17 | €25,406 | €52,346 | +€26,940 | +106% |
| Financial debts | 170/4 | €25,406 | €52,346 | +€26,940 | +106% |
| Amounts payable within one year | 42/48 | €29,533 | €50,930 | +€21,397 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €5,856 | €10,756 | +€4,900 | +83.7% |
| Trade debts | 44 | €5,614 | €5,637 | +€22 | +0.4% |
| Suppliers | 440/4 | €5,614 | €5,637 | +€22 | +0.4% |
| Taxes, remuneration and social security | 45 | €11,202 | €18,030 | +€6,828 | +61.0% |
| Taxes | 450/3 | €11,202 | €18,030 | +€6,828 | +61.0% |
| Other amounts payable | 47/48 | €6,860 | €16,507 | +€9,646 | +141% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €148 | +€148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,094 | €8,814 | +€6,721 | +321% |
| Other operating charges | 640/8 | €964 | €1,952 | +€989 | +103% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €50,887 | -€23,697 | -€74,584 | |
| Operating profit (loss) | 9901 | €47,830 | -€34,612 | -€82,442 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €969 | €3,016 | +€2,047 | +211% |
| Recurring financial charges | 65 | €969 | €3,016 | +€2,047 | +211% |
| Profit (loss) for the period before taxes | 9903 | €46,868 | -€37,628 | -€84,496 | |
| Income taxes | 67/77 | €6,528 | - | -€6,528 | |
| Profit (loss) for the period | 9904 | €40,341 | -€37,628 | -€77,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,341 | -€37,628 | -€77,968 |
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.