ELLIOT HOFFET 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.
ELLIOT HOFFET RACING
Largest movements
- Receivables within one year +€31,112
up €31,112 (+778%), from €4,000 to €35,112
of which Other amounts receivable: +€17,802
- Cash +€13,724
new in 2025: €13,724
mainly Net result for the year (+€31,105) and Tax, wage and social debts (+€15,393)
- Deferred charges and accrued income +€1,765
new in 2025: €1,765
- Tangible fixed assets +€1,130
new in 2025: €1,130
- Formation expenses -€1,001
down €1,001 (-100%), from €1,001 to €0
- Profit (loss) carried forward +€31,105
up €31,105, from -€938 to €30,166
- Tax, wage and social debts +€15,393
new in 2025: €15,393
- Gross operating margin +€41,120
up €41,120, from -€938 to €40,182
- Taxes +€8,638
new in 2025: €8,638
- Depreciation +€1,018
new in 2025: €1,018
- Financial income +€661
new in 2025: €661
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 | €5,001 | €51,732 | +€46,731 | +934% |
| Formation expenses | 20 | €1,001 | €0 | -€1,001 | -100% |
| Fixed assets | 21/28 | - | €1,130 | +€1,130 | |
| Tangible fixed assets | 22/27 | - | €1,130 | +€1,130 | |
| Furniture and vehicles | 24 | - | €1,130 | +€1,130 | |
| Current assets | 29/58 | €4,000 | €50,602 | +€46,602 | +1,165% |
| Amounts receivable within one year | 40/41 | €4,000 | €35,112 | +€31,112 | +778% |
| Trade receivables | 40 | - | €13,310 | +€13,310 | |
| Other amounts receivable | 41 | €4,000 | €21,802 | +€17,802 | +445% |
| Cash at bank and in hand | 54/58 | - | €13,724 | +€13,724 | |
| Deferred charges and accrued income | 490/1 | - | €1,765 | +€1,765 | |
| Total equity and liabilities | 10/49 | €5,001 | €51,732 | +€46,731 | +934% |
| Equity | 10/15 | €3,062 | €34,166 | +€31,105 | +1,016% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€938 | €30,166 | +€31,105 | |
| Amounts payable | 17/49 | €1,939 | €17,565 | +€15,626 | +806% |
| Amounts payable within one year | 42/48 | €1,939 | €17,565 | +€15,626 | +806% |
| Trade debts | 44 | €1,939 | €2,173 | +€233 | +12.0% |
| Suppliers | 440/4 | €1,939 | €2,173 | +€233 | +12.0% |
| Taxes, remuneration and social security | 45 | - | €15,393 | +€15,393 | |
| Taxes | 450/3 | - | €15,393 | +€15,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,018 | +€1,018 | |
| Gross operating margin | 9900 | -€938 | €40,182 | +€41,120 | |
| Operating profit (loss) | 9901 | -€938 | €39,164 | +€40,103 | |
| Financial income | 75/76B | - | €661 | +€661 | |
| Recurring financial income | 75 | - | €661 | +€661 | |
| Financial charges | 65/66B | - | €82 | +€82 | |
| Recurring financial charges | 65 | - | €82 | +€82 | |
| Profit (loss) for the period before taxes | 9903 | -€938 | €39,743 | +€40,681 | |
| Income taxes | 67/77 | - | €8,638 | +€8,638 | |
| Profit (loss) for the period | 9904 | -€938 | €31,105 | +€32,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€938 | €31,105 | +€32,043 |
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.