CAROLO RACING: what changed
CAROLO RACING
Largest movements
- Cash +€17,219
up €17,219 (+10.9%), from €158,008 to €175,227
mainly Depreciation (+€16,197) and Stocks and contracts (+€9,149)
- Tangible fixed assets -€16,197
down €16,197 (-23.3%), from €69,576 to €53,378
of which Furniture and vehicles: -€16,197
- Stocks and contracts -€9,149
down €9,149 (-48.3%), from €18,960 to €9,811
- Receivables within one year +€8,264
up €8,264 (+421%), from €1,962 to €10,226
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€18,045
down €18,045 (-45.8%), from €39,368 to €21,323
- Taxes -€5,885
down €5,885 (-84.2%), from €6,991 to €1,107
- Depreciation +€1,762
up €1,762 (+12.2%), from €14,435 to €16,197
- Financial income +€838
new in 2025: €838
- Other operating charges +€452
up €452 (+17.7%), from €2,559 to €3,011
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 | €250,254 | €251,116 | +€861 | +0.3% |
| Fixed assets | 21/28 | €69,791 | €53,594 | -€16,197 | -23.2% |
| Tangible fixed assets | 22/27 | €69,576 | €53,378 | -€16,197 | -23.3% |
| Land and buildings | 22 | €5,454 | €5,454 | = | 0.0% |
| Furniture and vehicles | 24 | €64,122 | €47,925 | -€16,197 | -25.3% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €180,463 | €197,522 | +€17,059 | +9.5% |
| Stocks and contracts in progress | 3 | €18,960 | €9,811 | -€9,149 | -48.3% |
| Stocks | 30/36 | €18,960 | €9,811 | -€9,149 | -48.3% |
| Amounts receivable within one year | 40/41 | €1,962 | €10,226 | +€8,264 | +421% |
| Other amounts receivable | 41 | €1,962 | €10,226 | +€8,264 | +421% |
| Cash at bank and in hand | 54/58 | €158,008 | €175,227 | +€17,219 | +10.9% |
| Deferred charges and accrued income | 490/1 | €1,533 | €2,258 | +€725 | +47.3% |
| Total equity and liabilities | 10/49 | €250,254 | €251,116 | +€861 | +0.3% |
| Equity | 10/15 | €246,230 | €248,035 | +€1,805 | +0.7% |
| Reserves | 13 | €246,230 | €248,035 | +€1,805 | +0.7% |
| Distributable reserves | 133 | €246,230 | €248,035 | +€1,805 | +0.7% |
| Amounts payable | 17/49 | €4,025 | €3,081 | -€944 | -23.5% |
| Amounts payable within one year | 42/48 | €4,025 | €3,081 | -€944 | -23.5% |
| Trade debts | 44 | €852 | €280 | -€572 | -67.2% |
| Suppliers | 440/4 | €852 | €280 | -€572 | -67.2% |
| Taxes, remuneration and social security | 45 | €1,331 | €660 | -€671 | -50.4% |
| Taxes | 450/3 | €1,331 | - | -€1,331 | |
| Remuneration and social security | 454/9 | - | €660 | +€660 | |
| Other amounts payable | 47/48 | €1,842 | €2,141 | +€300 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,435 | €16,197 | +€1,762 | +12.2% |
| Other operating charges | 640/8 | €2,559 | €3,011 | +€452 | +17.7% |
| Gross operating margin | 9900 | €39,368 | €21,323 | -€18,045 | -45.8% |
| Operating profit (loss) | 9901 | €22,374 | €2,115 | -€20,259 | -90.5% |
| Financial income | 75/76B | - | €838 | +€838 | |
| Recurring financial income | 75 | - | €838 | +€838 | |
| Financial charges | 65/66B | €5 | €41 | +€36 | +719% |
| Recurring financial charges | 65 | €5 | €41 | +€36 | +719% |
| Profit (loss) for the period before taxes | 9903 | €22,369 | €2,912 | -€19,457 | -87.0% |
| Income taxes | 67/77 | €6,991 | €1,107 | -€5,885 | -84.2% |
| Profit (loss) for the period | 9904 | €15,377 | €1,805 | -€13,572 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,377 | €1,805 | -€13,572 | -88.3% |
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 2 November 2026 via checked.be.