DESTINATION RALLY: 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.
DESTINATION RALLY
Largest movements
- Cash -€478,027
down €478,027 (-27.3%), from €1.8m to €1.3m
mainly Accrued charges and deferred income (-€586,879) and Stocks and contracts (-€277,535)
- Receivables within one year -€431,171
down €431,171 (-75.9%), from €567,750 to €136,579
of which Trade receivables: -€397,375
- Stocks and contracts +€277,535
up €277,535 (+280%), from €99,098 to €376,633
- Deferred charges and accrued income +€48,529
up €48,529 (+534%), from €9,079 to €57,608
- Accrued charges and deferred income -€586,879
down €586,879 (-35.0%), from €1.7m to €1.1m
- Profit (loss) carried forward +€355,876
up €355,876 (+240%), from €148,158 to €504,034
- Other debts -€223,537
down €223,537 (-98.4%), from €227,059 to €3,522
- Tax, wage and social debts -€80,939
down €80,939 (-59.1%), from €136,867 to €55,928
of which Taxes: -€87,780
- Short-term financial debts -€38,772
no longer reported in 2025 (was €38,772)
- Gross operating margin +€60,595
up €60,595 (+10.2%), from €594,240 to €654,835
- Staff costs +€36,348
up €36,348 (+39.4%), from €92,218 to €128,566
- Financial charges +€22,942
up €22,942 (+813%), from €2,821 to €25,763
- Taxes +€11,378
up €11,378 (+9.7%), from €116,760 to €128,138
- Depreciation +€7,655
up €7,655 (+89.3%), from €8,570 to €16,225
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 | €2,504,728 | €1,937,498 | -€567,230 | -22.6% |
| Fixed assets | 21/28 | €78,427 | €94,333 | +€15,905 | +20.3% |
| Tangible fixed assets | 22/27 | €68,077 | €83,983 | +€15,905 | +23.4% |
| Plant, machinery and equipment | 23 | €3,121 | €3,589 | +€467 | +15.0% |
| Furniture and vehicles | 24 | €55,322 | €72,969 | +€17,647 | +31.9% |
| Other tangible fixed assets | 26 | €9,634 | €7,425 | -€2,209 | -22.9% |
| Financial fixed assets | 28 | €10,350 | €10,350 | = | 0.0% |
| Current assets | 29/58 | €2,426,300 | €1,843,165 | -€583,135 | -24.0% |
| Stocks and contracts in progress | 3 | €99,098 | €376,633 | +€277,535 | +280% |
| Contracts in progress | 37 | €99,098 | €376,633 | +€277,535 | +280% |
| Amounts receivable within one year | 40/41 | €567,750 | €136,579 | -€431,171 | -75.9% |
| Trade receivables | 40 | €517,773 | €120,398 | -€397,375 | -76.7% |
| Other amounts receivable | 41 | €49,977 | €16,181 | -€33,796 | -67.6% |
| Cash at bank and in hand | 54/58 | €1,750,373 | €1,272,346 | -€478,027 | -27.3% |
| Deferred charges and accrued income | 490/1 | €9,079 | €57,608 | +€48,529 | +534% |
| Total equity and liabilities | 10/49 | €2,504,728 | €1,937,498 | -€567,230 | -22.6% |
| Equity | 10/15 | €168,158 | €524,034 | +€355,876 | +212% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,158 | €504,034 | +€355,876 | +240% |
| Amounts payable | 17/49 | €2,336,570 | €1,413,464 | -€923,106 | -39.5% |
| Amounts payable after more than one year | 17 | €41,585 | €31,569 | -€10,016 | -24.1% |
| Financial debts | 170/4 | €41,585 | €31,569 | -€10,016 | -24.1% |
| Amounts payable within one year | 42/48 | €620,229 | €294,019 | -€326,210 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €10,415 | €10,833 | +€418 | +4.0% |
| Financial debts | 43 | €38,772 | - | -€38,772 | |
| Credit institutions | 430/8 | €38,772 | - | -€38,772 | |
| Trade debts | 44 | €207,116 | €223,736 | +€16,620 | +8.0% |
| Suppliers | 440/4 | €207,116 | €223,736 | +€16,620 | +8.0% |
| Taxes, remuneration and social security | 45 | €136,867 | €55,928 | -€80,939 | -59.1% |
| Taxes | 450/3 | €121,970 | €34,190 | -€87,780 | -72.0% |
| Remuneration and social security | 454/9 | €14,897 | €21,737 | +€6,841 | +45.9% |
| Other amounts payable | 47/48 | €227,059 | €3,522 | -€223,537 | -98.4% |
| Accrued charges and deferred income | 492/3 | €1,674,756 | €1,087,877 | -€586,879 | -35.0% |
| Remuneration, social security and pensions | 62 | €92,218 | €128,566 | +€36,348 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,570 | €16,225 | +€7,655 | +89.3% |
| Other operating charges | 640/8 | €384 | €1,243 | +€858 | +223% |
| Gross operating margin | 9900 | €594,240 | €654,835 | +€60,595 | +10.2% |
| Operating profit (loss) | 9901 | €493,067 | €508,802 | +€15,735 | +3.2% |
| Financial income | 75/76B | €1,731 | €975 | -€756 | -43.7% |
| Recurring financial income | 75 | €1,731 | €975 | -€756 | -43.7% |
| Financial charges | 65/66B | €2,821 | €25,763 | +€22,942 | +813% |
| Recurring financial charges | 65 | €2,821 | €25,763 | +€22,942 | +813% |
| Profit (loss) for the period before taxes | 9903 | €491,977 | €484,013 | -€7,963 | -1.6% |
| Income taxes | 67/77 | €116,760 | €128,138 | +€11,378 | +9.7% |
| Profit (loss) for the period | 9904 | €375,217 | €355,876 | -€19,341 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €375,217 | €355,876 | -€19,341 | -5.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.