ASD 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.
ASD RACING
Largest movements
- Stocks and contracts +€14,675
up €14,675 (+64.6%), from €22,726 to €37,402
- Tangible fixed assets -€11,748
down €11,748 (-29.3%), from €40,138 to €28,390
of which Plant, machinery and equipment: -€7,378
- Cash +€4,368
up €4,368 (+14.4%), from €30,409 to €34,776
mainly Depreciation (+€11,748) and Net result for the year (+€6,414)
- Receivables within one year +€2,570
up €2,570 (+69.8%), from €3,679 to €6,248
- Reserves +€6,000
new in 2025: €6,000
- Tax, wage and social debts +€3,502
up €3,502 (+570%), from €615 to €4,116
- Gross operating margin +€12,351
up €12,351 (+134%), from €9,197 to €21,548
- Purchases and services +€6,258
up €6,258 (+21.5%), from €29,050 to €35,308
- Taxes +€1,627
up €1,627, from -€2 to €1,625
- Financial charges +€885
up €885 (+2,528%), from €35 to €920
- Other operating charges +€430
up €430 (+87.6%), from €491 to €921
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 | €97,579 | €107,076 | +€9,498 | +9.7% |
| Fixed assets | 21/28 | €40,138 | €28,390 | -€11,748 | -29.3% |
| Tangible fixed assets | 22/27 | €40,138 | €28,390 | -€11,748 | -29.3% |
| Plant, machinery and equipment | 23 | €25,207 | €17,829 | -€7,378 | -29.3% |
| Furniture and vehicles | 24 | €14,931 | €10,561 | -€4,370 | -29.3% |
| Current assets | 29/58 | €57,441 | €78,686 | +€21,245 | +37.0% |
| Stocks and contracts in progress | 3 | €22,726 | €37,402 | +€14,675 | +64.6% |
| Stocks | 30/36 | €22,726 | €37,402 | +€14,675 | +64.6% |
| Amounts receivable within one year | 40/41 | €3,679 | €6,248 | +€2,570 | +69.8% |
| Trade receivables | 40 | €3,679 | €6,248 | +€2,570 | +69.8% |
| Cash at bank and in hand | 54/58 | €30,409 | €34,776 | +€4,368 | +14.4% |
| Deferred charges and accrued income | 490/1 | €627 | €260 | -€367 | -58.6% |
| Total equity and liabilities | 10/49 | €97,579 | €107,076 | +€9,498 | +9.7% |
| Equity | 10/15 | €3,142 | €9,555 | +€6,414 | +204% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €6,000 | +€6,000 | |
| Distributable reserves | 133 | - | €6,000 | +€6,000 | |
| Profit (loss) carried forward | 14 | €142 | €555 | +€414 | +292% |
| Amounts payable | 17/49 | €94,437 | €97,521 | +€3,084 | +3.3% |
| Amounts payable within one year | 42/48 | €94,437 | €97,521 | +€3,084 | +3.3% |
| Trade debts | 44 | €925 | €955 | +€30 | +3.2% |
| Suppliers | 440/4 | €925 | €955 | +€30 | +3.2% |
| Taxes, remuneration and social security | 45 | €615 | €4,116 | +€3,502 | +570% |
| Taxes | 450/3 | €615 | €4,116 | +€3,502 | +570% |
| Other amounts payable | 47/48 | €92,897 | €92,450 | -€447 | -0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,050 | €35,308 | +€6,258 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,748 | €11,748 | = | 0.0% |
| Other operating charges | 640/8 | €491 | €921 | +€430 | +87.6% |
| Gross operating margin | 9900 | €9,197 | €21,548 | +€12,351 | +134% |
| Operating profit (loss) | 9901 | -€3,042 | €8,879 | +€11,921 | |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €35 | €920 | +€885 | +2,528% |
| Recurring financial charges | 65 | €35 | €920 | +€885 | +2,528% |
| Profit (loss) for the period before taxes | 9903 | -€3,077 | €8,039 | +€11,116 | |
| Income taxes | 67/77 | -€2 | €1,625 | +€1,627 | |
| Profit (loss) for the period | 9904 | -€3,074 | €6,414 | +€9,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,074 | €6,414 | +€9,488 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.