DB 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.
DB Racing
Largest movements
- Stocks and contracts +€33,836
up €33,836 (+47.2%), from €71,654 to €105,490
- Tangible fixed assets -€9,402
down €9,402 (-51.6%), from €18,207 to €8,805
of which Furniture and vehicles: -€8,814
- Trade debts +€20,260
up €20,260 (+199.4%), from €10,161 to €30,421
- Short-term financial debts +€10,876
new in 2025: €10,876
- Other debts -€6,798
down €6,798 (-15.9%), from €42,761 to €35,963
- Current portion of long-term debt -€4,317
down €4,317 (-35.6%), from €12,122 to €7,806
- Tax, wage and social debts +€3,876
up €3,876 (+36.2%), from €10,716 to €14,592
of which Taxes: +€4,000
- Gross operating margin +€13,935
up €13,935 (+93.5%), from €14,902 to €28,837
- Financial charges +€2,791
up €2,791 (+116.5%), from €2,396 to €5,187
- Taxes +€2,730
up €2,730 (+183.5%), from €1,488 to €4,218
- Depreciation -€578
down €578 (-5.8%), from €9,980 to €9,402
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.
Cash bridge derived
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 | €98,224 | €121,310 | +€23,087 | +23.5% |
| Fixed assets | 21/28 | €18,207 | €8,805 | -€9,402 | -51.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €18,207 | €8,805 | -€9,402 | -51.6% |
| Plant, machinery and equipment | 23 | €588 | €0 | -€588 | -100.0% |
| Furniture and vehicles | 24 | €17,619 | €8,805 | -€8,814 | -50.0% |
| Current assets | 29/58 | €80,016 | €112,505 | +€32,489 | +40.6% |
| Stocks and contracts in progress | 3 | €71,654 | €105,490 | +€33,836 | +47.2% |
| Stocks | 30/36 | €71,654 | €105,490 | +€33,836 | +47.2% |
| Amounts receivable within one year | 40/41 | €4,862 | €4,995 | +€133 | +2.7% |
| Trade receivables | 40 | €4,862 | €4,995 | +€133 | +2.7% |
| Cash at bank and in hand | 54/58 | €2,449 | €1,990 | -€459 | -18.7% |
| Deferred charges and accrued income | 490/1 | €1,051 | €30 | -€1,021 | -97.2% |
| Total equity and liabilities | 10/49 | €98,224 | €121,310 | +€23,087 | +23.5% |
| Equity | 10/15 | €17,213 | €13,799 | -€3,415 | -19.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,213 | €10,799 | -€3,415 | -24.0% |
| Distributable reserves | 133 | €14,213 | €10,799 | -€3,415 | -24.0% |
| Amounts payable | 17/49 | €81,010 | €107,512 | +€26,501 | +32.7% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,010 | €99,823 | +€23,813 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €12,122 | €7,806 | -€4,317 | -35.6% |
| Financial debts | 43 | - | €10,876 | +€10,876 | |
| Credit institutions | 430/8 | - | €10,876 | +€10,876 | |
| Trade debts | 44 | €10,161 | €30,421 | +€20,260 | +199.4% |
| Suppliers | 440/4 | €10,161 | €30,421 | +€20,260 | +199.4% |
| Advances received on contracts in progress | 46 | €250 | €165 | -€85 | -34.0% |
| Taxes, remuneration and social security | 45 | €10,716 | €14,592 | +€3,876 | +36.2% |
| Taxes | 450/3 | €10,094 | €14,094 | +€4,000 | +39.6% |
| Remuneration and social security | 454/9 | €622 | €498 | -€124 | -19.9% |
| Other amounts payable | 47/48 | €42,761 | €35,963 | -€6,798 | -15.9% |
| Accrued charges and deferred income | 492/3 | - | €2,689 | +€2,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,980 | €9,402 | -€578 | -5.8% |
| Other operating charges | 640/8 | €439 | €451 | +€13 | +2.8% |
| Gross operating margin | 9900 | €14,902 | €28,837 | +€13,935 | +93.5% |
| Operating profit (loss) | 9901 | €4,483 | €18,984 | +€14,500 | +323.4% |
| Financial income | 75/76B | €0 | €7 | +€7 | +9400.0% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +9400.0% |
| Financial charges | 65/66B | €2,396 | €5,187 | +€2,791 | +116.5% |
| Recurring financial charges | 65 | €2,396 | €5,187 | +€2,791 | +116.5% |
| Profit (loss) for the period before taxes | 9903 | €2,087 | €13,803 | +€11,716 | +561.2% |
| Income taxes | 67/77 | €1,488 | €4,218 | +€2,730 | +183.5% |
| Profit (loss) for the period | 9904 | €600 | €9,585 | +€8,986 | +1498.6% |
| Profit (loss) for the period to be appropriated | 9905 | €600 | €9,585 | +€8,986 | +1498.6% |
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 10 October 2026 via checked.be.