GRAND PRIX: what changed
GRAND PRIX
Largest movements
- Receivables within one year +€22,603
up €22,603 (+1,185%), from €1,907 to €24,509
of which Trade receivables: +€15,668
- Tangible fixed assets +€20,692
up €20,692 (+32.1%), from €64,433 to €85,125
of which Furniture and vehicles: +€32,229
- Deferred charges and accrued income +€3,006
up €3,006 (+44.5%), from €6,750 to €9,756
- Stocks and contracts +€2,000
up €2,000 (+83.3%), from €2,400 to €4,400
- Other debts +€36,017
up €36,017 (+64.6%), from €55,780 to €91,797
- Tax, wage and social debts -€17,980
down €17,980 (-84.8%), from €21,192 to €3,212
of which Remuneration and social security: -€17,860
- Debts after one year +€13,700
up €13,700 (+34.1%), from €40,190 to €53,891
- Profit (loss) carried forward +€11,501
up €11,501 (+13.2%), from -€86,921 to -€75,420
- Trade debts +€4,236
up €4,236 (+85.4%), from €4,958 to €9,193
- Gross operating margin +€6,958
up €6,958 (+32.5%), from €21,442 to €28,400
- Depreciation -€3,278
down €3,278 (-19.5%), from €16,800 to €13,522
- Financial charges -€441
down €441 (-18.6%), from €2,367 to €1,926
- Other operating charges -€380
down €380 (-20.7%), from €1,832 to €1,452
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,969 | €169,940 | +€49,971 | +41.7% |
| Fixed assets | 21/28 | €64,433 | €85,125 | +€20,692 | +32.1% |
| Tangible fixed assets | 22/27 | €64,433 | €85,125 | +€20,692 | +32.1% |
| Land and buildings | 22 | €52,838 | €42,311 | -€10,527 | -19.9% |
| Plant, machinery and equipment | 23 | €4,040 | €3,030 | -€1,010 | -25.0% |
| Furniture and vehicles | 24 | €7,555 | €39,784 | +€32,229 | +427% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €55,536 | €84,815 | +€29,279 | +52.7% |
| Stocks and contracts in progress | 3 | €2,400 | €4,400 | +€2,000 | +83.3% |
| Stocks | 30/36 | €2,400 | €4,400 | +€2,000 | +83.3% |
| Amounts receivable within one year | 40/41 | €1,907 | €24,509 | +€22,603 | +1,185% |
| Trade receivables | 40 | €1,760 | €17,429 | +€15,668 | +890% |
| Other amounts receivable | 41 | €146 | €7,081 | +€6,934 | +4,735% |
| Cash at bank and in hand | 54/58 | €44,479 | €46,149 | +€1,670 | +3.8% |
| Deferred charges and accrued income | 490/1 | €6,750 | €9,756 | +€3,006 | +44.5% |
| Total equity and liabilities | 10/49 | €119,969 | €169,940 | +€49,971 | +41.7% |
| Equity | 10/15 | -€13,538 | -€2,037 | +€11,501 | +85.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,182 | €67,182 | = | 0.0% |
| Distributable reserves | 133 | €67,182 | €67,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,921 | -€75,420 | +€11,501 | +13.2% |
| Amounts payable | 17/49 | €133,507 | €171,977 | +€38,470 | +28.8% |
| Amounts payable after more than one year | 17 | €40,190 | €53,891 | +€13,700 | +34.1% |
| Financial debts | 170/4 | €40,190 | €53,891 | +€13,700 | +34.1% |
| Amounts payable within one year | 42/48 | €93,317 | €118,086 | +€24,769 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €11,388 | €13,884 | +€2,497 | +21.9% |
| Trade debts | 44 | €4,958 | €9,193 | +€4,236 | +85.4% |
| Suppliers | 440/4 | €4,958 | €9,193 | +€4,236 | +85.4% |
| Taxes, remuneration and social security | 45 | €21,192 | €3,212 | -€17,980 | -84.8% |
| Taxes | 450/3 | €3,332 | €3,212 | -€120 | -3.6% |
| Remuneration and social security | 454/9 | €17,860 | - | -€17,860 | |
| Other amounts payable | 47/48 | €55,780 | €91,797 | +€36,017 | +64.6% |
| Non-recurring operating income | 76A | - | €585 | +€585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,800 | €13,522 | -€3,278 | -19.5% |
| Other operating charges | 640/8 | €1,832 | €1,452 | -€380 | -20.7% |
| Gross operating margin | 9900 | €21,442 | €28,400 | +€6,958 | +32.5% |
| Operating profit (loss) | 9901 | €2,809 | €13,426 | +€10,616 | +378% |
| Financial income | 75/76B | €47 | €1 | -€47 | -98.2% |
| Recurring financial income | 75 | €47 | €1 | -€47 | -98.2% |
| Financial charges | 65/66B | €2,367 | €1,926 | -€441 | -18.6% |
| Recurring financial charges | 65 | €2,367 | €1,926 | -€441 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €490 | €11,501 | +€11,011 | +2,247% |
| Profit (loss) for the period | 9904 | €490 | €11,501 | +€11,011 | +2,247% |
| Profit (loss) for the period to be appropriated | 9905 | €490 | €11,501 | +€11,011 | +2,247% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.