MSC RACING EVENTS: what changed
MSC RACING EVENTS
Largest movements
- Tangible fixed assets +€440,107
up €440,107 (+135%), from €325,481 to €765,588
- Receivables within one year +€87,287
up €87,287 (+284%), from €30,719 to €118,006
of which Trade receivables: +€75,340
- Cash -€22,352
down €22,352 (-52.7%), from €42,428 to €20,076
mainly Investment in fixed assets (net) (-€600,000) and Net result for the year (-€343,841)
- Debts after one year +€597,016
up €597,016 (+20.6%), from €2.9m to €3.5m
of which Financial debts: +€346,516
- Profit (loss) carried forward -€343,841
down €343,841 (-13.7%), from -€2.5m to -€2.8m
- Other debts +€145,900
up €145,900 (+5,876%), from €2,483 to €148,383
- Current portion of long-term debt +€86,370
new in 2025: €86,370
- Short-term financial debts +€13,874
new in 2025: €13,874
- Gross operating margin -€192,875
down €192,875, from €13,040 to -€179,835
- Financial charges +€3,674
up €3,674 (+8,831%), from €42 to €3,715
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 | €398,628 | €903,670 | +€505,042 | +127% |
| Fixed assets | 21/28 | €325,481 | €765,588 | +€440,107 | +135% |
| Tangible fixed assets | 22/27 | €325,481 | €765,588 | +€440,107 | +135% |
| Furniture and vehicles | 24 | €325,481 | €765,588 | +€440,107 | +135% |
| Current assets | 29/58 | €73,147 | €138,082 | +€64,935 | +88.8% |
| Amounts receivable within one year | 40/41 | €30,719 | €118,006 | +€87,287 | +284% |
| Trade receivables | 40 | €30,000 | €105,340 | +€75,340 | +251% |
| Other amounts receivable | 41 | €719 | €12,666 | +€11,946 | +1,661% |
| Cash at bank and in hand | 54/58 | €42,428 | €20,076 | -€22,352 | -52.7% |
| Total equity and liabilities | 10/49 | €398,628 | €903,670 | +€505,042 | +127% |
| Equity | 10/15 | -€2,504,148 | -€2,847,989 | -€343,841 | -13.7% |
| Profit (loss) carried forward | 14 | -€2,504,148 | -€2,847,989 | -€343,841 | -13.7% |
| Amounts payable | 17/49 | €2,902,776 | €3,751,659 | +€848,883 | +29.2% |
| Amounts payable after more than one year | 17 | €2,897,213 | €3,494,229 | +€597,016 | +20.6% |
| Financial debts | 170/4 | - | €346,516 | +€346,516 | |
| Other amounts payable | 178/9 | €2,897,213 | €3,147,713 | +€250,500 | +8.6% |
| Amounts payable within one year | 42/48 | €5,563 | €257,429 | +€251,866 | +4,527% |
| Current portion of amounts payable after more than one year | 42 | - | €86,370 | +€86,370 | |
| Financial debts | 43 | - | €13,874 | +€13,874 | |
| Other loans | 439 | - | €13,874 | +€13,874 | |
| Trade debts | 44 | €306 | €8,803 | +€8,497 | +2,777% |
| Suppliers | 440/4 | €306 | €8,803 | +€8,497 | +2,777% |
| Taxes, remuneration and social security | 45 | €2,775 | - | -€2,775 | |
| Taxes | 450/3 | €2,775 | - | -€2,775 | |
| Other amounts payable | 47/48 | €2,483 | €148,383 | +€145,900 | +5,876% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,893 | €159,893 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Gross operating margin | 9900 | €13,040 | -€179,835 | -€192,875 | |
| Operating profit (loss) | 9901 | -€147,821 | -€340,127 | -€192,307 | -130% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €42 | €3,715 | +€3,674 | +8,831% |
| Recurring financial charges | 65 | €42 | €3,715 | +€3,674 | +8,831% |
| Profit (loss) for the period before taxes | 9903 | -€147,862 | -€343,841 | -€195,979 | -133% |
| Profit (loss) for the period | 9904 | -€147,862 | -€343,841 | -€195,979 | -133% |
| Profit (loss) for the period to be appropriated | 9905 | -€147,862 | -€343,841 | -€195,979 | -133% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.