HY 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.
HY RACING
Largest movements
- Receivables within one year +€130,470
up €130,470 (+223.0%), from €58,507 to €188,977
of which Trade receivables: +€96,239
- Cash +€16,504
up €16,504 (+91.7%), from €17,990 to €34,494
mainly Other debts (+€829,329) and Trade debts (+€162,236)
- Profit (loss) carried forward -€863,333
down €863,333 (-58.0%), from -€1.5m to -€2.4m
- Other debts +€829,329
up €829,329 (+55.9%), from €1.5m to €2.3m
- Trade debts +€162,236
up €162,236 (+229.7%), from €70,631 to €232,867
- Accrued charges and deferred income +€17,512
up €17,512 (+199.0%), from €8,798 to €26,309
- Gross operating margin +€93,083
up €93,083 (+10.0%), from -€935,433 to -€842,350
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 | €92,839 | €238,583 | +€145,744 | +157.0% |
| Fixed assets | 21/28 | €16,343 | €14,590 | -€1,753 | -10.7% |
| Intangible fixed assets | 21 | €8,543 | €6,790 | -€1,753 | -20.5% |
| Financial fixed assets | 28 | €7,800 | €7,800 | = | 0.0% |
| Current assets | 29/58 | €76,497 | €223,994 | +€147,497 | +192.8% |
| Amounts receivable within one year | 40/41 | €58,507 | €188,977 | +€130,470 | +223.0% |
| Trade receivables | 40 | €28,915 | €125,154 | +€96,239 | +332.8% |
| Other amounts receivable | 41 | €29,591 | €63,823 | +€34,231 | +115.7% |
| Cash at bank and in hand | 54/58 | €17,990 | €34,494 | +€16,504 | +91.7% |
| Deferred charges and accrued income | 490/1 | - | €523 | +€523 | |
| Total equity and liabilities | 10/49 | €92,839 | €238,583 | +€145,744 | +157.0% |
| Equity | 10/15 | -€1,469,120 | -€2,332,452 | -€863,333 | -58.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,489,120 | -€2,352,452 | -€863,333 | -58.0% |
| Amounts payable | 17/49 | €1,561,959 | €2,571,036 | +€1.0m | +64.6% |
| Amounts payable within one year | 42/48 | €1,553,161 | €2,544,726 | +€991,565 | +63.8% |
| Trade debts | 44 | €70,631 | €232,867 | +€162,236 | +229.7% |
| Suppliers | 440/4 | €70,631 | €232,867 | +€162,236 | +229.7% |
| Other amounts payable | 47/48 | €1,482,530 | €2,311,860 | +€829,329 | +55.9% |
| Accrued charges and deferred income | 492/3 | €8,798 | €26,309 | +€17,512 | +199.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222 | €1,753 | +€1,531 | +687.9% |
| Other operating charges | 640/8 | €800 | €600 | -€200 | -25.0% |
| Gross operating margin | 9900 | -€935,433 | -€842,350 | +€93,083 | +10.0% |
| Operating profit (loss) | 9901 | -€936,455 | -€844,703 | +€91,752 | +9.8% |
| Financial income | 75/76B | €5 | €29 | +€24 | +527.1% |
| Recurring financial income | 75 | €5 | €29 | +€24 | +527.1% |
| Financial charges | 65/66B | €10,740 | €18,659 | +€7,919 | +73.7% |
| Recurring financial charges | 65 | €10,740 | €18,659 | +€7,919 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | -€947,190 | -€863,333 | +€83,858 | +8.9% |
| Profit (loss) for the period | 9904 | -€947,190 | -€863,333 | +€83,858 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€947,190 | -€863,333 | +€83,858 | +8.9% |
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 11 October 2026 via checked.be.