PCA RACING: 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.
PCA RACING
Largest movements
- Cash +€99,498
up €99,498 (+60.8%), from €163,682 to €263,180
mainly Other debts (+€276,845) and Net result for the year (+€186,252)
- Receivables after one year +€75,000
new in 2025: €75,000
- Receivables within one year +€15,285
up €15,285 (+86.6%), from €17,648 to €32,933
of which Other amounts receivable: +€12,068
- Tangible fixed assets -€5,452
down €5,452 (-39.7%), from €13,749 to €8,296
of which Furniture and vehicles: -€7,553
- Other debts +€276,845
new in 2025: €276,845
- Profit (loss) carried forward -€138,748
down €138,748 (-96.1%), from €144,424 to €5,676
- Tax, wage and social debts +€48,750
new in 2025: €48,750
- Gross operating margin +€115,662
up €115,662 (+86.2%), from €134,182 to €249,844
- Taxes +€30,603
up €30,603 (+117.2%), from €26,112 to €56,714
- Financial income +€2,500
new in 2025: €2,500
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 | €195,567 | €382,418 | +€186,851 | +95.5% |
| Fixed assets | 21/28 | €13,949 | €8,496 | -€5,452 | -39.1% |
| Tangible fixed assets | 22/27 | €13,749 | €8,296 | -€5,452 | -39.7% |
| Plant, machinery and equipment | 23 | €1,071 | €3,172 | +€2,100 | +196.1% |
| Furniture and vehicles | 24 | €12,677 | €5,125 | -€7,553 | -59.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €181,618 | €373,921 | +€192,303 | +105.9% |
| Amounts receivable after more than one year | 29 | - | €75,000 | +€75,000 | |
| Other amounts receivable | 291 | - | €75,000 | +€75,000 | |
| Amounts receivable within one year | 40/41 | €17,648 | €32,933 | +€15,285 | +86.6% |
| Trade receivables | 40 | €1,017 | €4,235 | +€3,217 | +316.3% |
| Other amounts receivable | 41 | €16,631 | €28,699 | +€12,068 | +72.6% |
| Cash at bank and in hand | 54/58 | €163,682 | €263,180 | +€99,498 | +60.8% |
| Deferred charges and accrued income | 490/1 | €289 | €2,808 | +€2,519 | +873.1% |
| Total equity and liabilities | 10/49 | €195,567 | €382,418 | +€186,851 | +95.5% |
| Equity | 10/15 | €192,924 | €54,176 | -€138,748 | -71.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,500 | €45,500 | = | 0.0% |
| Distributable reserves | 133 | €45,500 | €45,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,424 | €5,676 | -€138,748 | -96.1% |
| Amounts payable | 17/49 | €2,643 | €328,241 | +€325,599 | +12320.4% |
| Amounts payable within one year | 42/48 | €2,643 | €328,241 | +€325,599 | +12320.4% |
| Trade debts | 44 | €2,643 | €2,647 | +€4 | +0.2% |
| Suppliers | 440/4 | €2,643 | €2,647 | +€4 | +0.2% |
| Taxes, remuneration and social security | 45 | - | €48,750 | +€48,750 | |
| Taxes | 450/3 | - | €48,750 | +€48,750 | |
| Other amounts payable | 47/48 | - | €276,845 | +€276,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,178 | €8,194 | -€984 | -10.7% |
| Other operating charges | 640/8 | €3,315 | €1,183 | -€2,132 | -64.3% |
| Gross operating margin | 9900 | €134,182 | €249,844 | +€115,662 | +86.2% |
| Operating profit (loss) | 9901 | €121,688 | €240,467 | +€118,778 | +97.6% |
| Financial income | 75/76B | - | €2,500 | +€2,500 | |
| Recurring financial income | 75 | - | €2,500 | +€2,500 | |
| Financial charges | 65/66B | €162 | €0 | -€162 | -99.8% |
| Recurring financial charges | 65 | €162 | €0 | -€162 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €121,526 | €242,966 | +€121,440 | +99.9% |
| Income taxes | 67/77 | €26,112 | €56,714 | +€30,603 | +117.2% |
| Profit (loss) for the period | 9904 | €95,414 | €186,252 | +€90,838 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,414 | €186,252 | +€90,838 | +95.2% |
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 6 October 2026 via checked.be.