ERA RACING SCHOOL: 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.
ERA RACING SCHOOL
Largest movements
- Receivables within one year +€14,253
up €14,253 (+158%), from €9,015 to €23,269
of which Trade receivables: +€13,650
- Tangible fixed assets -€12,716
down €12,716 (-18.0%), from €70,741 to €58,025
of which Other tangible fixed assets: -€8,738
- Intangible fixed assets -€3,116
down €3,116 (-44.5%), from €7,004 to €3,889
- Formation expenses -€1,335
down €1,335 (-46.6%), from €2,866 to €1,530
- Cash +€1,119
up €1,119 (+77.1%), from €1,450 to €2,569
mainly Depreciation (+€17,167) and Net result for the year (+€4,155)
- Profit (loss) carried forward +€4,155
up €4,155 (+4.1%), from -€102,516 to -€98,360
- Trade debts -€3,440
down €3,440 (-49.2%), from €6,990 to €3,550
- Tax, wage and social debts -€1,368
down €1,368 (-100%), from €1,368 to €0
- Other debts -€1,143
down €1,143 (-21.8%), from €5,235 to €4,092
- Gross operating margin +€26,289
up €26,289 (+21,761%), from €121 to €26,410
- Depreciation -€4,080
down €4,080 (-19.2%), from €21,247 to €17,167
- Financial charges +€1,971
up €1,971 (+74.2%), from €2,655 to €4,626
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 | €91,077 | €89,282 | -€1,795 | -2.0% |
| Formation expenses | 20 | €2,866 | €1,530 | -€1,335 | -46.6% |
| Fixed assets | 21/28 | €77,746 | €61,914 | -€15,832 | -20.4% |
| Intangible fixed assets | 21 | €7,004 | €3,889 | -€3,116 | -44.5% |
| Tangible fixed assets | 22/27 | €70,741 | €58,025 | -€12,716 | -18.0% |
| Plant, machinery and equipment | 23 | €3,978 | €0 | -€3,978 | -100% |
| Other tangible fixed assets | 26 | €66,763 | €58,025 | -€8,738 | -13.1% |
| Current assets | 29/58 | €10,466 | €25,838 | +€15,372 | +147% |
| Amounts receivable within one year | 40/41 | €9,015 | €23,269 | +€14,253 | +158% |
| Trade receivables | 40 | €4,821 | €18,471 | +€13,650 | +283% |
| Other amounts receivable | 41 | €4,194 | €4,797 | +€603 | +14.4% |
| Cash at bank and in hand | 54/58 | €1,450 | €2,569 | +€1,119 | +77.1% |
| Total equity and liabilities | 10/49 | €91,077 | €89,282 | -€1,795 | -2.0% |
| Equity | 10/15 | -€92,516 | -€88,360 | +€4,155 | +4.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,516 | -€98,360 | +€4,155 | +4.1% |
| Amounts payable | 17/49 | €183,593 | €177,642 | -€5,951 | -3.2% |
| Amounts payable after more than one year | 17 | €170,000 | €170,000 | = | 0.0% |
| Financial debts | 170/4 | €170,000 | €170,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,593 | €7,642 | -€5,951 | -43.8% |
| Trade debts | 44 | €6,990 | €3,550 | -€3,440 | -49.2% |
| Suppliers | 440/4 | €6,990 | €3,550 | -€3,440 | -49.2% |
| Taxes, remuneration and social security | 45 | €1,368 | €0 | -€1,368 | -100% |
| Taxes | 450/3 | €1,368 | €0 | -€1,368 | -100% |
| Other amounts payable | 47/48 | €5,235 | €4,092 | -€1,143 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,247 | €17,167 | -€4,080 | -19.2% |
| Other operating charges | 640/8 | €342 | €462 | +€120 | +35.0% |
| Gross operating margin | 9900 | €121 | €26,410 | +€26,289 | +21,761% |
| Operating profit (loss) | 9901 | -€21,468 | €8,781 | +€30,250 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,655 | €4,626 | +€1,971 | +74.2% |
| Recurring financial charges | 65 | €2,655 | €4,626 | +€1,971 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,123 | €4,155 | +€28,279 | |
| Profit (loss) for the period | 9904 | -€24,123 | €4,155 | +€28,279 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,123 | €4,155 | +€28,279 |
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 25 October 2026 via checked.be.