GEX Racing: what changed
Two fiscal 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.
GEX Racing
Largest movements
- Cash +€40,988
up €40,988 (+31.3%), from €131,119 to €172,107
mainly Net result for the year (+€58,994) and Receivables within one year (+€9,704)
- Receivables within one year -€9,704
down €9,704 (-53.4%), from €18,183 to €8,479
of which Trade receivables: -€9,678
- Profit (loss) carried forward +€20,994
up €20,994 (+20.7%), from €101,293 to €122,287
- Tax, wage and social debts +€6,709
up €6,709 (+50.1%), from €13,394 to €20,103
of which Taxes: +€4,709
- Other debts +€4,172
up €4,172 (+16.1%), from €25,909 to €30,081
- Gross operating margin +€4,459
up €4,459 (+5.9%), from €75,636 to €80,095
- Other operating charges -€1,959
down €1,959 (-53.3%), from €3,678 to €1,719
- Taxes +€1,171
up €1,171 (+7.0%), from €16,624 to €17,795
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.
Cash bridge derived
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 | €160,470 | €191,867 | +€31,397 | +19.6% |
| Fixed assets | 21/28 | €853 | €640 | -€213 | -25.0% |
| Tangible fixed assets | 22/27 | €853 | €640 | -€213 | -25.0% |
| Furniture and vehicles | 24 | €853 | €640 | -€213 | -25.0% |
| Current assets | 29/58 | €159,616 | €191,227 | +€31,610 | +19.8% |
| Amounts receivable within one year | 40/41 | €18,183 | €8,479 | -€9,704 | -53.4% |
| Trade receivables | 40 | €18,110 | €8,432 | -€9,678 | -53.4% |
| Other amounts receivable | 41 | €73 | €47 | -€26 | -36.2% |
| Cash at bank and in hand | 54/58 | €131,119 | €172,107 | +€40,988 | +31.3% |
| Deferred charges and accrued income | 490/1 | €10,314 | €10,641 | +€326 | +3.2% |
| Total equity and liabilities | 10/49 | €160,470 | €191,867 | +€31,397 | +19.6% |
| Equity | 10/15 | €119,843 | €140,837 | +€20,994 | +17.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,550 | €16,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,550 | €16,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,550 | €16,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,293 | €122,287 | +€20,994 | +20.7% |
| Amounts payable | 17/49 | €40,626 | €51,030 | +€10,403 | +25.6% |
| Amounts payable within one year | 42/48 | €40,626 | €51,030 | +€10,403 | +25.6% |
| Trade debts | 44 | €1,323 | €846 | -€477 | -36.0% |
| Suppliers | 440/4 | €1,323 | €846 | -€477 | -36.0% |
| Taxes, remuneration and social security | 45 | €13,394 | €20,103 | +€6,709 | +50.1% |
| Taxes | 450/3 | €13,394 | €18,103 | +€4,709 | +35.2% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €25,909 | €30,081 | +€4,172 | +16.1% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €213 | -€516 | -70.8% |
| Other operating charges | 640/8 | €3,678 | €1,719 | -€1,959 | -53.3% |
| Gross operating margin | 9900 | €75,636 | €80,095 | +€4,459 | +5.9% |
| Operating profit (loss) | 9901 | €71,228 | €77,913 | +€6,684 | +9.4% |
| Financial income | 75/76B | €380 | €519 | +€139 | +36.6% |
| Recurring financial income | 75 | €380 | €519 | +€139 | +36.6% |
| Financial charges | 65/66B | €1,916 | €1,643 | -€273 | -14.2% |
| Recurring financial charges | 65 | €1,916 | €1,643 | -€273 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €69,692 | €76,788 | +€7,096 | +10.2% |
| Income taxes | 67/77 | €16,624 | €17,795 | +€1,171 | +7.0% |
| Profit (loss) for the period | 9904 | €53,069 | €58,994 | +€5,925 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,069 | €58,994 | +€5,925 | +11.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.