Daems Racing Team: 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.
Daems Racing Team
Largest movements
- Cash +€95,132
up €95,132 (+37.6%), from €252,709 to €347,841
mainly Net result for the year (+€243,468) and Receivables within one year (+€43,000)
- Tangible fixed assets +€60,183
up €60,183 (+18.1%), from €332,456 to €392,639
of which Assets under construction and advance payments: +€94,500
- Receivables within one year -€43,000
down €43,000 (-32.0%), from €134,183 to €91,183
of which Trade receivables: -€29,063
- Stocks and contracts +€42,333
up €42,333 (+18.8%), from €224,614 to €266,947
- Reserves +€243,468
up €243,468 (+42.4%), from €574,888 to €818,355
- Other debts -€53,871
down €53,871 (-89.8%), from €60,000 to €6,129
- Debts after one year -€30,991
down €30,991 (-13.7%), from €227,023 to €196,032
- Tax, wage and social debts +€14,456
up €14,456 (+48.0%), from €30,130 to €44,587
of which Taxes: +€16,141
- Trade debts -€13,518
down €13,518 (-39.7%), from €34,033 to €20,514
- Gross operating margin +€107,548
up €107,548 (+32.1%), from €334,760 to €442,307
- Staff costs +€31,361
up €31,361 (+77.0%), from €40,703 to €72,064
- Taxes +€15,868
up €15,868 (+26.8%), from €59,167 to €75,036
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 | €977,370 | €1,129,008 | +€151,638 | +15.5% |
| Fixed assets | 21/28 | €334,206 | €394,389 | +€60,183 | +18.0% |
| Tangible fixed assets | 22/27 | €332,456 | €392,639 | +€60,183 | +18.1% |
| Land and buildings | 22 | €265,637 | €250,114 | -€15,524 | -5.8% |
| Plant, machinery and equipment | 23 | €21,360 | €13,808 | -€7,552 | -35.4% |
| Furniture and vehicles | 24 | €36,631 | €34,218 | -€2,413 | -6.6% |
| Leasing and similar rights | 25 | €8,828 | - | -€8,828 | |
| Assets under construction and advance payments | 27 | - | €94,500 | +€94,500 | |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €643,164 | €734,619 | +€91,455 | +14.2% |
| Stocks and contracts in progress | 3 | €224,614 | €266,947 | +€42,333 | +18.8% |
| Stocks | 30/36 | €224,614 | €266,947 | +€42,333 | +18.8% |
| Amounts receivable within one year | 40/41 | €134,183 | €91,183 | -€43,000 | -32.0% |
| Trade receivables | 40 | €117,374 | €88,311 | -€29,063 | -24.8% |
| Other amounts receivable | 41 | €16,809 | €2,873 | -€13,937 | -82.9% |
| Cash at bank and in hand | 54/58 | €252,709 | €347,841 | +€95,132 | +37.6% |
| Deferred charges and accrued income | 490/1 | €31,658 | €28,648 | -€3,010 | -9.5% |
| Total equity and liabilities | 10/49 | €977,370 | €1,129,008 | +€151,638 | +15.5% |
| Equity | 10/15 | €587,288 | €830,755 | +€243,468 | +41.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €574,888 | €818,355 | +€243,468 | +42.4% |
| Distributable reserves | 133 | €574,888 | €818,355 | +€243,468 | +42.4% |
| Amounts payable | 17/49 | €390,083 | €298,253 | -€91,830 | -23.5% |
| Amounts payable after more than one year | 17 | €227,023 | €196,032 | -€30,991 | -13.7% |
| Financial debts | 170/4 | €227,023 | €196,032 | -€30,991 | -13.7% |
| Amounts payable within one year | 42/48 | €163,060 | €102,221 | -€60,839 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €38,897 | €30,991 | -€7,906 | -20.3% |
| Trade debts | 44 | €34,033 | €20,514 | -€13,518 | -39.7% |
| Suppliers | 440/4 | €34,033 | €20,514 | -€13,518 | -39.7% |
| Taxes, remuneration and social security | 45 | €30,130 | €44,587 | +€14,456 | +48.0% |
| Taxes | 450/3 | €22,601 | €38,742 | +€16,141 | +71.4% |
| Remuneration and social security | 454/9 | €7,529 | €5,845 | -€1,684 | -22.4% |
| Other amounts payable | 47/48 | €60,000 | €6,129 | -€53,871 | -89.8% |
| Non-recurring operating income | 76A | €18,017 | - | -€18,017 | |
| Remuneration, social security and pensions | 62 | €40,703 | €72,064 | +€31,361 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,499 | €42,026 | -€3,473 | -7.6% |
| Other operating charges | 640/8 | €8,756 | €7,193 | -€1,562 | -17.8% |
| Gross operating margin | 9900 | €334,760 | €442,307 | +€107,548 | +32.1% |
| Operating profit (loss) | 9901 | €239,802 | €321,024 | +€81,222 | +33.9% |
| Financial income | 75/76B | €2,182 | €5,517 | +€3,335 | +153% |
| Recurring financial income | 75 | €2,182 | €5,517 | +€3,335 | +153% |
| Financial charges | 65/66B | €8,677 | €8,037 | -€640 | -7.4% |
| Recurring financial charges | 65 | €8,677 | €8,037 | -€640 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €233,307 | €318,504 | +€85,197 | +36.5% |
| Income taxes | 67/77 | €59,167 | €75,036 | +€15,868 | +26.8% |
| Profit (loss) for the period | 9904 | €174,139 | €243,468 | +€69,329 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €174,139 | €243,468 | +€69,329 | +39.8% |
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 31 October 2026 via checked.be.