JD RACING SERVICES: 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.
JD RACING SERVICES
Largest movements
- Receivables within one year +€95,116
up €95,116 (+113%), from €83,973 to €179,089
of which Trade receivables: +€93,263
- Tangible fixed assets -€9,500
down €9,500 (-46.6%), from €20,365 to €10,865
of which Plant, machinery and equipment: -€9,392
- Cash +€4,813
new in 2024: €4,813
mainly Other debts (+€37,622) and Debts after one year (+€22,300)
- Other debts +€37,622
up €37,622 (+33.9%), from €110,862 to €148,484
- Debts after one year +€22,300
up €22,300 (+28.4%), from €78,500 to €100,800
- Accrued charges and deferred income +€21,190
up €21,190 (+92.6%), from €22,877 to €44,067
- Tax, wage and social debts +€12,061
up €12,061 (+355%), from €3,398 to €15,459
- Profit (loss) carried forward -€9,276
down €9,276 (-3.3%), from -€278,367 to -€287,643
- Gross operating margin +€150,560
up €150,560, from -€142,364 to €8,196
- Other operating charges -€4,241
down €4,241 (-48.7%), from €8,704 to €4,463
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,880 | €200,637 | +€88,757 | +79.3% |
| Formation expenses | 20 | €507 | - | -€507 | |
| Fixed assets | 21/28 | €24,315 | €13,056 | -€11,259 | -46.3% |
| Intangible fixed assets | 21 | - | €241 | +€241 | |
| Tangible fixed assets | 22/27 | €20,365 | €10,865 | -€9,500 | -46.6% |
| Plant, machinery and equipment | 23 | €20,227 | €10,835 | -€9,392 | -46.4% |
| Furniture and vehicles | 24 | €137 | €30 | -€107 | -78.2% |
| Financial fixed assets | 28 | €3,950 | €1,950 | -€2,000 | -50.6% |
| Current assets | 29/58 | €87,058 | €187,581 | +€100,523 | +115% |
| Amounts receivable within one year | 40/41 | €83,973 | €179,089 | +€95,116 | +113% |
| Trade receivables | 40 | €78,869 | €172,132 | +€93,263 | +118% |
| Other amounts receivable | 41 | €5,104 | €6,957 | +€1,853 | +36.3% |
| Cash at bank and in hand | 54/58 | - | €4,813 | +€4,813 | |
| Deferred charges and accrued income | 490/1 | €3,085 | €3,679 | +€594 | +19.2% |
| Total equity and liabilities | 10/49 | €111,880 | €200,637 | +€88,757 | +79.3% |
| Equity | 10/15 | -€222,734 | -€232,009 | -€9,275 | -4.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Contributions outside capital | 11 | €45,000 | - | -€45,000 | |
| Other | 1109/19 | €45,000 | - | -€45,000 | |
| Reserves | 13 | €10,634 | €10,634 | +€0 | 0.0% |
| Distributable reserves | 133 | €10,634 | €10,634 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€278,367 | -€287,643 | -€9,276 | -3.3% |
| Amounts payable | 17/49 | €334,613 | €432,646 | +€98,033 | +29.3% |
| Amounts payable after more than one year | 17 | €78,500 | €100,800 | +€22,300 | +28.4% |
| Financial debts | 170/4 | €78,500 | €100,800 | +€22,300 | +28.4% |
| Amounts payable within one year | 42/48 | €233,237 | €287,779 | +€54,542 | +23.4% |
| Financial debts | 43 | €3 | €3 | -€0 | -3.5% |
| Credit institutions | 430/8 | €3 | €3 | -€0 | -3.5% |
| Trade debts | 44 | €118,973 | €123,833 | +€4,860 | +4.1% |
| Suppliers | 440/4 | €118,973 | €123,833 | +€4,860 | +4.1% |
| Taxes, remuneration and social security | 45 | €3,398 | €15,459 | +€12,061 | +355% |
| Taxes | 450/3 | €3,398 | €15,459 | +€12,061 | +355% |
| Other amounts payable | 47/48 | €110,862 | €148,484 | +€37,622 | +33.9% |
| Accrued charges and deferred income | 492/3 | €22,877 | €44,067 | +€21,190 | +92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,212 | €9,766 | -€446 | -4.4% |
| Other operating charges | 640/8 | €8,704 | €4,463 | -€4,241 | -48.7% |
| Gross operating margin | 9900 | -€142,364 | €8,196 | +€150,560 | |
| Operating profit (loss) | 9901 | -€161,280 | -€6,033 | +€155,247 | +96.3% |
| Financial charges | 65/66B | €4,254 | €3,243 | -€1,011 | -23.8% |
| Recurring financial charges | 65 | €4,254 | €3,243 | -€1,011 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | -€165,534 | -€9,276 | +€156,258 | +94.4% |
| Profit (loss) for the period | 9904 | -€165,534 | -€9,276 | +€156,258 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€165,534 | -€9,276 | +€156,258 | +94.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.