EUROPA 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.
EUROPA RACING
Largest movements
- Receivables within one year -€66,208
down €66,208 (-32.3%), from €205,238 to €139,030
of which Trade receivables: -€65,425
- Tangible fixed assets -€35,878
down €35,878 (-3.8%), from €937,775 to €901,897
- Cash -€26,567
down €26,567 (-98.9%), from €26,864 to €297
mainly Investment in fixed assets (net) (-€64,150) and Advances received (-€56,300)
- Deferred charges and accrued income +€12,624
new in 2025: €12,624
- Advances received -€56,300
no longer reported in 2025 (was €56,300)
- Trade debts -€42,989
down €42,989 (-34.0%), from €126,616 to €83,627
- Accrued charges and deferred income -€33,600
no longer reported in 2025 (was €33,600)
- Other debts -€28,662
no longer reported in 2025 (was €28,662)
- Debts after one year +€28,262
up €28,262 (+3.1%), from €908,000 to €936,262
- Gross operating margin +€54,182
up €54,182 (+107%), from €50,421 to €104,603
- Depreciation +€49,703
up €49,703 (+98.8%), from €50,325 to €100,028
- Other operating charges +€2,998
new in 2025: €2,998
- Taxes +€1,067
new in 2025: €1,067
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 | €1,169,877 | €1,053,848 | -€116,029 | -9.9% |
| Fixed assets | 21/28 | €937,775 | €901,897 | -€35,878 | -3.8% |
| Tangible fixed assets | 22/27 | €937,775 | €901,897 | -€35,878 | -3.8% |
| Furniture and vehicles | 24 | €937,775 | €901,897 | -€35,878 | -3.8% |
| Current assets | 29/58 | €232,102 | €151,951 | -€80,151 | -34.5% |
| Amounts receivable within one year | 40/41 | €205,238 | €139,030 | -€66,208 | -32.3% |
| Trade receivables | 40 | €204,455 | €139,030 | -€65,425 | -32.0% |
| Other amounts receivable | 41 | €783 | - | -€783 | |
| Cash at bank and in hand | 54/58 | €26,864 | €297 | -€26,567 | -98.9% |
| Deferred charges and accrued income | 490/1 | - | €12,624 | +€12,624 | |
| Total equity and liabilities | 10/49 | €1,169,877 | €1,053,848 | -€116,029 | -9.9% |
| Equity | 10/15 | €16,699 | €17,162 | +€463 | +2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,699 | €12,162 | +€463 | +4.0% |
| Amounts payable | 17/49 | €1,153,178 | €1,036,686 | -€116,492 | -10.1% |
| Amounts payable after more than one year | 17 | €908,000 | €936,262 | +€28,262 | +3.1% |
| Other amounts payable | 178/9 | €908,000 | €936,262 | +€28,262 | +3.1% |
| Amounts payable within one year | 42/48 | €211,578 | €100,424 | -€111,154 | -52.5% |
| Trade debts | 44 | €126,616 | €83,627 | -€42,989 | -34.0% |
| Suppliers | 440/4 | €126,616 | €83,627 | -€42,989 | -34.0% |
| Advances received on contracts in progress | 46 | €56,300 | - | -€56,300 | |
| Taxes, remuneration and social security | 45 | - | €16,797 | +€16,797 | |
| Taxes | 450/3 | - | €16,797 | +€16,797 | |
| Other amounts payable | 47/48 | €28,662 | - | -€28,662 | |
| Accrued charges and deferred income | 492/3 | €33,600 | - | -€33,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,325 | €100,028 | +€49,703 | +98.8% |
| Other operating charges | 640/8 | - | €2,998 | +€2,998 | |
| Gross operating margin | 9900 | €50,421 | €104,603 | +€54,182 | +107% |
| Operating profit (loss) | 9901 | €96 | €1,577 | +€1,480 | +1,535% |
| Financial charges | 65/66B | €364 | €46 | -€318 | -87.4% |
| Recurring financial charges | 65 | €364 | €46 | -€318 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | -€267 | €1,531 | +€1,798 | |
| Income taxes | 67/77 | - | €1,067 | +€1,067 | |
| Profit (loss) for the period | 9904 | -€267 | €463 | +€731 | |
| Profit (loss) for the period to be appropriated | 9905 | -€267 | €463 | +€731 |
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 31 October 2026 via checked.be.