G & A 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.
G & A RACING
Largest movements
- Cash -€86,738
down €86,738 (-78.6%), from €110,360 to €23,621
mainly Trade debts (-€45,390) and Receivables within one year (-€34,822)
- Receivables within one year +€34,822
up €34,822 (+59.2%), from €58,773 to €93,596
of which Other amounts receivable: +€42,361
- Trade debts -€45,390
down €45,390 (-67.5%), from €67,208 to €21,818
- Tax, wage and social debts -€14,681
down €14,681 (-57.8%), from €25,388 to €10,707
of which Taxes: -€16,617
- Reserves +€8,252
up €8,252 (+11.5%), from €71,968 to €80,220
- Staff costs -€123,230
down €123,230 (-62.8%), from €196,151 to €72,921
- Gross operating margin -€122,798
down €122,798 (-57.9%), from €212,168 to €89,370
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 | €170,764 | €118,944 | -€51,819 | -30.3% |
| Current assets | 29/58 | €170,764 | €118,944 | -€51,819 | -30.3% |
| Amounts receivable within one year | 40/41 | €58,773 | €93,596 | +€34,822 | +59.2% |
| Trade receivables | 40 | €58,773 | €51,235 | -€7,538 | -12.8% |
| Other amounts receivable | 41 | - | €42,361 | +€42,361 | |
| Cash at bank and in hand | 54/58 | €110,360 | €23,621 | -€86,738 | -78.6% |
| Deferred charges and accrued income | 490/1 | €1,631 | €1,727 | +€97 | +5.9% |
| Total equity and liabilities | 10/49 | €170,764 | €118,944 | -€51,819 | -30.3% |
| Equity | 10/15 | €78,168 | €86,420 | +€8,252 | +10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,968 | €80,220 | +€8,252 | +11.5% |
| Distributable reserves | 133 | €71,968 | €80,220 | +€8,252 | +11.5% |
| Amounts payable | 17/49 | €92,596 | €32,524 | -€60,072 | -64.9% |
| Amounts payable within one year | 42/48 | €92,596 | €32,524 | -€60,072 | -64.9% |
| Trade debts | 44 | €67,208 | €21,818 | -€45,390 | -67.5% |
| Suppliers | 440/4 | €67,208 | €21,818 | -€45,390 | -67.5% |
| Taxes, remuneration and social security | 45 | €25,388 | €10,707 | -€14,681 | -57.8% |
| Taxes | 450/3 | €18,039 | €1,422 | -€16,617 | -92.1% |
| Remuneration and social security | 454/9 | €7,349 | €9,285 | +€1,936 | +26.3% |
| Remuneration, social security and pensions | 62 | €196,151 | €72,921 | -€123,230 | -62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,537 | €2,055 | -€481 | -19.0% |
| Gross operating margin | 9900 | €212,168 | €89,370 | -€122,798 | -57.9% |
| Operating profit (loss) | 9901 | €13,480 | €14,393 | +€914 | +6.8% |
| Financial income | 75/76B | €0 | €87 | +€87 | |
| Recurring financial income | 75 | €0 | €87 | +€87 | |
| Financial charges | 65/66B | €615 | €738 | +€123 | +20.0% |
| Recurring financial charges | 65 | €615 | €738 | +€123 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €12,865 | €13,743 | +€878 | +6.8% |
| Income taxes | 67/77 | €4,375 | €5,490 | +€1,115 | +25.5% |
| Profit (loss) for the period | 9904 | €8,490 | €8,252 | -€237 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,490 | €8,252 | -€237 | -2.8% |
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 1 November 2026 via checked.be.