DMD 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.
DMD RACING
Largest movements
- Cash +€104,031
up €104,031 (+48.8%), from €213,275 to €317,306
mainly Net result for the year (+€73,224) and Stocks and contracts (+€46,729)
- Stocks and contracts -€46,729
down €46,729 (-24.6%), from €190,223 to €143,494
- Reserves +€73,224
up €73,224 (+24.0%), from €305,650 to €378,874
- Trade debts -€37,614
down €37,614 (-87.3%), from €43,100 to €5,486
- Tax, wage and social debts +€25,420
up €25,420 (+91.1%), from €27,908 to €53,328
of which Taxes: +€30,051
- Staff costs -€23,550
down €23,550 (-22.5%), from €104,655 to €81,105
- Gross operating margin +€23,099
up €23,099 (+13.8%), from €166,877 to €189,976
- Taxes +€12,872
up €12,872 (+91.6%), from €14,045 to €26,917
- Other operating charges -€3,621
down €3,621 (-77.5%), from €4,673 to €1,051
- Depreciation -€2,297
down €2,297 (-58.7%), from €3,911 to €1,613
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 | €416,440 | €473,155 | +€56,715 | +13.6% |
| Fixed assets | 21/28 | €7,759 | €6,146 | -€1,613 | -20.8% |
| Tangible fixed assets | 22/27 | €7,759 | €6,146 | -€1,613 | -20.8% |
| Plant, machinery and equipment | 23 | €7,759 | €6,146 | -€1,613 | -20.8% |
| Current assets | 29/58 | €408,681 | €467,010 | +€58,328 | +14.3% |
| Stocks and contracts in progress | 3 | €190,223 | €143,494 | -€46,729 | -24.6% |
| Stocks | 30/36 | €190,223 | €143,494 | -€46,729 | -24.6% |
| Amounts receivable within one year | 40/41 | €5,183 | €5,305 | +€122 | +2.3% |
| Trade receivables | 40 | €5,116 | €5,092 | -€24 | -0.5% |
| Other amounts receivable | 41 | €67 | €213 | +€146 | +218.6% |
| Cash at bank and in hand | 54/58 | €213,275 | €317,306 | +€104,031 | +48.8% |
| Deferred charges and accrued income | 490/1 | - | €905 | +€905 | |
| Total equity and liabilities | 10/49 | €416,440 | €473,155 | +€56,715 | +13.6% |
| Equity | 10/15 | €324,250 | €397,474 | +€73,224 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €305,650 | €378,874 | +€73,224 | +24.0% |
| Distributable reserves | 133 | €305,650 | €378,874 | +€73,224 | +24.0% |
| Amounts payable | 17/49 | €92,190 | €75,681 | -€16,509 | -17.9% |
| Amounts payable within one year | 42/48 | €92,190 | €75,681 | -€16,509 | -17.9% |
| Trade debts | 44 | €43,100 | €5,486 | -€37,614 | -87.3% |
| Suppliers | 440/4 | €43,100 | €5,486 | -€37,614 | -87.3% |
| Taxes, remuneration and social security | 45 | €27,908 | €53,328 | +€25,420 | +91.1% |
| Taxes | 450/3 | €16,524 | €46,574 | +€30,051 | +181.9% |
| Remuneration and social security | 454/9 | €11,384 | €6,753 | -€4,631 | -40.7% |
| Other amounts payable | 47/48 | €21,183 | €16,868 | -€4,315 | -20.4% |
| Remuneration, social security and pensions | 62 | €104,655 | €81,105 | -€23,550 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,911 | €1,613 | -€2,297 | -58.7% |
| Other operating charges | 640/8 | €4,673 | €1,051 | -€3,621 | -77.5% |
| Non-recurring operating charges | 66A | - | €4,866 | +€4,866 | |
| Gross operating margin | 9900 | €166,877 | €189,976 | +€23,099 | +13.8% |
| Operating profit (loss) | 9901 | €53,639 | €101,340 | +€47,702 | +88.9% |
| Financial income | 75/76B | €1,528 | €502 | -€1,025 | -67.1% |
| Recurring financial income | 75 | €1,528 | €502 | -€1,025 | -67.1% |
| Financial charges | 65/66B | €3,874 | €1,702 | -€2,173 | -56.1% |
| Recurring financial charges | 65 | €3,874 | €1,702 | -€2,173 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €51,292 | €100,141 | +€48,849 | +95.2% |
| Income taxes | 67/77 | €14,045 | €26,917 | +€12,872 | +91.6% |
| Profit (loss) for the period | 9904 | €37,246 | €73,224 | +€35,978 | +96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,246 | €73,224 | +€35,978 | +96.6% |
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 9 October 2026 via checked.be.