IKARUSRACING: 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.
IKARUSRACING
Largest movements
- Cash -€55,761
down €55,761 (-88.3%), from €63,151 to €7,390
mainly Other debts (-€47,749) and Investment in fixed assets (net) (-€36,308)
- Tangible fixed assets -€19,717
down €19,717 (-20.8%), from €94,642 to €74,925
of which Other tangible fixed assets: -€11,417
- Receivables within one year +€7,393
up €7,393 (+31.3%), from €23,602 to €30,996
of which Other amounts receivable: +€5,887
- Other debts -€47,749
down €47,749 (-47.2%), from €101,104 to €53,354
- Profit (loss) carried forward -€23,020
down €23,020 (-44.7%), from €51,475 to €28,455
- Trade debts +€2,684
up €2,684 (+39.4%), from €6,817 to €9,501
- Gross operating margin -€46,593
down €46,593 (-56.2%), from €82,978 to €36,386
- Depreciation +€11,475
up €11,475 (+25.8%), from €44,550 to €56,025
- Other operating charges +€2,402
up €2,402 (+1906.1%), from €126 to €2,528
- Taxes -€1,498
down €1,498 (-75.0%), from €1,998 to €500
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 | €181,395 | €113,310 | -€68,085 | -37.5% |
| Fixed assets | 21/28 | €94,642 | €74,925 | -€19,717 | -20.8% |
| Tangible fixed assets | 22/27 | €94,642 | €74,925 | -€19,717 | -20.8% |
| Plant, machinery and equipment | 23 | €16,600 | €8,300 | -€8,300 | -50.0% |
| Other tangible fixed assets | 26 | €78,042 | €66,625 | -€11,417 | -14.6% |
| Current assets | 29/58 | €86,753 | €38,385 | -€48,368 | -55.8% |
| Amounts receivable within one year | 40/41 | €23,602 | €30,996 | +€7,393 | +31.3% |
| Trade receivables | 40 | €18,128 | €19,634 | +€1,506 | +8.3% |
| Other amounts receivable | 41 | €5,474 | €11,361 | +€5,887 | +107.5% |
| Cash at bank and in hand | 54/58 | €63,151 | €7,390 | -€55,761 | -88.3% |
| Total equity and liabilities | 10/49 | €181,395 | €113,310 | -€68,085 | -37.5% |
| Equity | 10/15 | €73,475 | €50,455 | -€23,020 | -31.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,475 | €28,455 | -€23,020 | -44.7% |
| Amounts payable | 17/49 | €107,920 | €62,855 | -€45,066 | -41.8% |
| Amounts payable within one year | 42/48 | €107,920 | €62,855 | -€45,066 | -41.8% |
| Trade debts | 44 | €6,817 | €9,501 | +€2,684 | +39.4% |
| Suppliers | 440/4 | €6,817 | €9,501 | +€2,684 | +39.4% |
| Other amounts payable | 47/48 | €101,104 | €53,354 | -€47,749 | -47.2% |
| Remuneration, social security and pensions | 62 | €791 | - | -€791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,550 | €56,025 | +€11,475 | +25.8% |
| Other operating charges | 640/8 | €126 | €2,528 | +€2,402 | +1906.1% |
| Non-recurring operating charges | 66A | €31,600 | - | -€31,600 | |
| Gross operating margin | 9900 | €82,978 | €36,386 | -€46,593 | -56.2% |
| Operating profit (loss) | 9901 | €5,911 | -€22,167 | -€28,079 | |
| Financial income | 75/76B | €214 | - | -€214 | |
| Recurring financial income | 75 | €214 | - | -€214 | |
| Financial charges | 65/66B | €199 | €352 | +€153 | +76.7% |
| Recurring financial charges | 65 | €199 | €352 | +€153 | +76.7% |
| Profit (loss) for the period before taxes | 9903 | €5,926 | -€22,520 | -€28,445 | |
| Income taxes | 67/77 | €1,998 | €500 | -€1,498 | -75.0% |
| Profit (loss) for the period | 9904 | €3,927 | -€23,020 | -€26,947 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,927 | -€23,020 | -€26,947 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.