NGT 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.
NGT RACING
Largest movements
- Receivables within one year +€74,328
up €74,328 (+36.2%), from €205,243 to €279,571
of which Other amounts receivable: +€40,598
- Cash -€19,149
down €19,149 (-61.6%), from €31,108 to €11,959
mainly Receivables within one year (-€74,328) and Investment in fixed assets (net) (-€42,261)
- Tangible fixed assets +€16,650
up €16,650 (+54.5%), from €30,562 to €47,212
of which Furniture and vehicles: +€22,775
- Trade debts +€98,299
up €98,299 (+54.3%), from €181,114 to €279,413
- Other debts -€22,638
down €22,638 (-33.5%), from €67,495 to €44,857
- Contributions +€6,200
new in 2025: €6,200
- Revaluation surpluses -€6,200
no longer reported in 2025 (was €6,200)
- Gross operating margin -€40,027
down €40,027 (-53.0%), from €75,514 to €35,487
- Taxes -€11,075
down €11,075 (-65.8%), from €16,837 to €5,762
- Other operating charges -€4,122
down €4,122 (-47.3%), from €8,707 to €4,585
- Depreciation +€2,216
up €2,216 (+9.5%), from €23,395 to €25,611
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.
Derived cash bridge
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 | €301,431 | €374,795 | +€73,364 | +24.3% |
| Fixed assets | 21/28 | €32,062 | €48,712 | +€16,650 | +51.9% |
| Tangible fixed assets | 22/27 | €30,562 | €47,212 | +€16,650 | +54.5% |
| Plant, machinery and equipment | 23 | €17,462 | €11,337 | -€6,125 | -35.1% |
| Furniture and vehicles | 24 | €13,100 | €35,875 | +€22,775 | +174% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €269,369 | €326,083 | +€56,714 | +21.1% |
| Amounts receivable within one year | 40/41 | €205,243 | €279,571 | +€74,328 | +36.2% |
| Trade receivables | 40 | €187,367 | €221,097 | +€33,730 | +18.0% |
| Other amounts receivable | 41 | €17,876 | €58,474 | +€40,598 | +227% |
| Cash at bank and in hand | 54/58 | €31,108 | €11,959 | -€19,149 | -61.6% |
| Deferred charges and accrued income | 490/1 | €33,018 | €34,553 | +€1,535 | +4.6% |
| Total equity and liabilities | 10/49 | €301,431 | €374,795 | +€73,364 | +24.3% |
| Equity | 10/15 | €25,703 | €22,669 | -€3,034 | -11.8% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Revaluation surpluses | 12 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €17,643 | €14,609 | -€3,034 | -17.2% |
| Amounts payable | 17/49 | €275,728 | €352,126 | +€76,398 | +27.7% |
| Amounts payable within one year | 42/48 | €270,259 | €348,590 | +€78,331 | +29.0% |
| Trade debts | 44 | €181,114 | €279,413 | +€98,299 | +54.3% |
| Suppliers | 440/4 | €181,114 | €279,413 | +€98,299 | +54.3% |
| Taxes, remuneration and social security | 45 | €21,650 | €24,320 | +€2,670 | +12.3% |
| Taxes | 450/3 | €21,650 | €24,320 | +€2,670 | +12.3% |
| Other amounts payable | 47/48 | €67,495 | €44,857 | -€22,638 | -33.5% |
| Accrued charges and deferred income | 492/3 | €5,469 | €3,536 | -€1,933 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,395 | €25,611 | +€2,216 | +9.5% |
| Other operating charges | 640/8 | €8,707 | €4,585 | -€4,122 | -47.3% |
| Gross operating margin | 9900 | €75,514 | €35,487 | -€40,027 | -53.0% |
| Operating profit (loss) | 9901 | €43,412 | €5,291 | -€38,121 | -87.8% |
| Financial income | 75/76B | €98 | €216 | +€118 | +120% |
| Recurring financial income | 75 | €98 | €216 | +€118 | +120% |
| Financial charges | 65/66B | €3,165 | €2,779 | -€386 | -12.2% |
| Recurring financial charges | 65 | €3,165 | €2,779 | -€386 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €40,345 | €2,728 | -€37,617 | -93.2% |
| Income taxes | 67/77 | €16,837 | €5,762 | -€11,075 | -65.8% |
| Profit (loss) for the period | 9904 | €23,508 | -€3,034 | -€26,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,508 | -€3,034 | -€26,542 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.