MCG-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.
MCG-RACING
Largest movements
- Stocks and contracts +€22,792
up €22,792 (+8.5%), from €267,343 to €290,134
- Tangible fixed assets -€14,628
down €14,628 (-29.5%), from €49,636 to €35,008
of which Plant, machinery and equipment: -€9,317
- Receivables within one year -€7,826
down €7,826 (-26.1%), from €29,946 to €22,119
of which Trade receivables: -€4,077
- Deferred charges and accrued income -€5,966
down €5,966 (-24.0%), from €24,851 to €18,885
- Reserves +€15,700
up €15,700 (+10.6%), from €147,507 to €163,207
of which Distributable reserves: +€16,700
- Current portion of long-term debt -€15,610
down €15,610 (-21.7%), from €71,797 to €56,187
- Other debts -€14,536
down €14,536 (-25.1%), from €58,000 to €43,464
- Trade debts +€13,228
up €13,228 (+32.2%), from €41,130 to €54,358
- Tax, wage and social debts -€9,062
down €9,062 (-32.1%), from €28,219 to €19,157
of which Taxes: -€7,321
- Staff costs -€5,226
down €5,226 (-3.5%), from €148,348 to €143,122
- Financial charges +€2,252
up €2,252 (+38.8%), from €5,798 to €8,051
- Financial income -€1,908
down €1,908 (-45.5%), from €4,194 to €2,286
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 | €378,407 | €370,643 | -€7,764 | -2.1% |
| Fixed assets | 21/28 | €49,636 | €35,008 | -€14,628 | -29.5% |
| Tangible fixed assets | 22/27 | €49,636 | €35,008 | -€14,628 | -29.5% |
| Land and buildings | 22 | €1,673 | €1,056 | -€617 | -36.9% |
| Plant, machinery and equipment | 23 | €33,529 | €24,212 | -€9,317 | -27.8% |
| Furniture and vehicles | 24 | €12,072 | €7,936 | -€4,136 | -34.3% |
| Other tangible fixed assets | 26 | €2,362 | €1,804 | -€558 | -23.6% |
| Current assets | 29/58 | €328,772 | €335,635 | +€6,864 | +2.1% |
| Stocks and contracts in progress | 3 | €267,343 | €290,134 | +€22,792 | +8.5% |
| Stocks | 30/36 | €267,343 | €290,134 | +€22,792 | +8.5% |
| Amounts receivable within one year | 40/41 | €29,946 | €22,119 | -€7,826 | -26.1% |
| Trade receivables | 40 | €25,842 | €21,765 | -€4,077 | -15.8% |
| Other amounts receivable | 41 | €4,104 | €355 | -€3,749 | -91.4% |
| Cash at bank and in hand | 54/58 | €6,632 | €4,496 | -€2,136 | -32.2% |
| Deferred charges and accrued income | 490/1 | €24,851 | €18,885 | -€5,966 | -24.0% |
| Total equity and liabilities | 10/49 | €378,407 | €370,643 | -€7,764 | -2.1% |
| Equity | 10/15 | €171,173 | €186,875 | +€15,702 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,507 | €163,207 | +€15,700 | +10.6% |
| Tax-exempt reserves | 132 | €2,507 | €1,507 | -€1,000 | -39.9% |
| Distributable reserves | 133 | €145,000 | €161,700 | +€16,700 | +11.5% |
| Profit (loss) carried forward | 14 | €5,066 | €5,068 | +€2 | 0.0% |
| Amounts payable | 17/49 | €207,234 | €183,769 | -€23,465 | -11.3% |
| Amounts payable after more than one year | 17 | €7,284 | €2,719 | -€4,565 | -62.7% |
| Financial debts | 170/4 | €7,284 | €2,719 | -€4,565 | -62.7% |
| Amounts payable within one year | 42/48 | €199,146 | €173,167 | -€25,980 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €71,797 | €56,187 | -€15,610 | -21.7% |
| Trade debts | 44 | €41,130 | €54,358 | +€13,228 | +32.2% |
| Suppliers | 440/4 | €41,130 | €54,358 | +€13,228 | +32.2% |
| Taxes, remuneration and social security | 45 | €28,219 | €19,157 | -€9,062 | -32.1% |
| Taxes | 450/3 | €14,739 | €7,418 | -€7,321 | -49.7% |
| Remuneration and social security | 454/9 | €13,481 | €11,740 | -€1,741 | -12.9% |
| Other amounts payable | 47/48 | €58,000 | €43,464 | -€14,536 | -25.1% |
| Accrued charges and deferred income | 492/3 | €804 | €7,883 | +€7,079 | +880.9% |
| Non-recurring operating income | 76A | €1,382 | €737 | -€644 | -46.6% |
| Remuneration, social security and pensions | 62 | €148,348 | €143,122 | -€5,226 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,704 | €12,940 | -€765 | -5.6% |
| Other operating charges | 640/8 | €2,527 | €1,844 | -€683 | -27.0% |
| Non-recurring operating charges | 66A | - | €54 | +€54 | |
| Gross operating margin | 9900 | €183,601 | €184,671 | +€1,070 | +0.6% |
| Operating profit (loss) | 9901 | €19,021 | €26,711 | +€7,690 | +40.4% |
| Financial income | 75/76B | €4,194 | €2,286 | -€1,908 | -45.5% |
| Recurring financial income | 75 | €4,194 | €2,286 | -€1,908 | -45.5% |
| Financial charges | 65/66B | €5,798 | €8,051 | +€2,252 | +38.8% |
| Recurring financial charges | 65 | €5,798 | €8,051 | +€2,252 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €17,417 | €20,947 | +€3,530 | +20.3% |
| Income taxes | 67/77 | €5,646 | €5,245 | -€401 | -7.1% |
| Profit (loss) for the period | 9904 | €11,771 | €15,702 | +€3,930 | +33.4% |
| Transfer from tax-exempt reserves | 789 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,771 | €16,702 | +€3,930 | +30.8% |
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 10 October 2026 via checked.be.