DVLS 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.
DVLS Racing
Largest movements
- Receivables within one year +€65,369
up €65,369 (+121%), from €54,163 to €119,532
of which Trade receivables: +€98,531
- Cash -€25,871
down €25,871 (-98.5%), from €26,253 to €382
mainly Other debts (-€112,448) and Receivables within one year (-€65,369)
- Tangible fixed assets -€10,337
down €10,337 (-8.3%), from €123,984 to €113,647
- Other debts -€112,448
down €112,448 (-35.6%), from €315,863 to €203,415
- Trade debts +€89,646
up €89,646 (+2,872%), from €3,121 to €92,767
- Profit (loss) carried forward +€46,403
up €46,403 (+40.0%), from -€116,077 to -€69,674
- Tax, wage and social debts +€5,339
up €5,339 (+545%), from €980 to €6,319
- Gross operating margin +€30,657
up €30,657 (+135%), from €22,724 to €53,381
- Depreciation -€27,712
down €27,712 (-81.0%), from €34,221 to €6,509
- Financial charges -€3,439
down €3,439 (-96.3%), from €3,569 to €130
- Financial income -€2,539
no longer reported in 2025 (was €2,539)
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 | €204,887 | €233,827 | +€28,940 | +14.1% |
| Formation expenses | 20 | €487 | €266 | -€221 | -45.3% |
| Fixed assets | 21/28 | €123,984 | €113,647 | -€10,337 | -8.3% |
| Tangible fixed assets | 22/27 | €123,984 | €113,647 | -€10,337 | -8.3% |
| Furniture and vehicles | 24 | €123,984 | €113,647 | -€10,337 | -8.3% |
| Current assets | 29/58 | €80,416 | €119,914 | +€39,497 | +49.1% |
| Amounts receivable within one year | 40/41 | €54,163 | €119,532 | +€65,369 | +121% |
| Trade receivables | 40 | €2,757 | €101,288 | +€98,531 | +3,573% |
| Other amounts receivable | 41 | €51,406 | €18,243 | -€33,162 | -64.5% |
| Cash at bank and in hand | 54/58 | €26,253 | €382 | -€25,871 | -98.5% |
| Total equity and liabilities | 10/49 | €204,887 | €233,827 | +€28,940 | +14.1% |
| Equity | 10/15 | -€115,077 | -€68,674 | +€46,403 | +40.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,077 | -€69,674 | +€46,403 | +40.0% |
| Amounts payable | 17/49 | €319,964 | €302,501 | -€17,464 | -5.5% |
| Amounts payable within one year | 42/48 | €319,964 | €302,501 | -€17,464 | -5.5% |
| Trade debts | 44 | €3,121 | €92,767 | +€89,646 | +2,872% |
| Suppliers | 440/4 | €3,121 | €92,767 | +€89,646 | +2,872% |
| Taxes, remuneration and social security | 45 | €980 | €6,319 | +€5,339 | +545% |
| Taxes | 450/3 | €980 | €6,319 | +€5,339 | +545% |
| Other amounts payable | 47/48 | €315,863 | €203,415 | -€112,448 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,221 | €6,509 | -€27,712 | -81.0% |
| Other operating charges | 640/8 | €292 | €331 | +€38 | +13.1% |
| Non-recurring operating charges | 66A | €8 | €8 | +€0 | +0.8% |
| Gross operating margin | 9900 | €22,724 | €53,381 | +€30,657 | +135% |
| Operating profit (loss) | 9901 | -€11,797 | €46,534 | +€58,330 | |
| Financial income | 75/76B | €2,539 | - | -€2,539 | |
| Recurring financial income | 75 | €2,539 | - | -€2,539 | |
| Financial charges | 65/66B | €3,569 | €130 | -€3,439 | -96.3% |
| Recurring financial charges | 65 | €3,569 | €130 | -€3,439 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,827 | €46,403 | +€59,231 | |
| Profit (loss) for the period | 9904 | -€12,827 | €46,403 | +€59,231 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,827 | €46,403 | +€59,231 |
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 22 October 2026 via checked.be.