QB1 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.
QB1 RACING
Largest movements
- Tangible fixed assets +€411,378
up €411,378 (+2,753%), from €14,945 to €426,323
of which Land and buildings: +€398,603
- Cash -€63,393
down €63,393 (-81.2%), from €78,082 to €14,688
mainly Investment in fixed assets (net) (-€430,572) and Net result for the year (-€32,363)
- Receivables within one year +€17,492
up €17,492 (+52.9%), from €33,079 to €50,571
of which Trade receivables: +€17,492
- Stocks and contracts +€10,000
new in 2024: €10,000
- Debts after one year +€382,587
new in 2024: €382,587
- Reserves -€32,363
down €32,363 (-65.4%), from €49,516 to €17,153
- Current portion of long-term debt +€13,986
new in 2024: €13,986
- Other debts +€10,091
up €10,091 (+125%), from €8,073 to €18,164
- Advances received -€9,615
down €9,615 (-54.7%), from €17,566 to €7,951
- Gross operating margin -€68,011
down €68,011, from €60,234 to -€7,777
- Depreciation +€17,190
up €17,190 (+847%), from €2,030 to €19,221
- Taxes -€12,382
down €12,382 (-100%), from €12,382 to €0
- Financial charges +€4,360
up €4,360 (+1,798%), from €243 to €4,602
- Financial income -€4,076
down €4,076 (-94.4%), from €4,318 to €242
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 | €126,131 | €501,582 | +€375,451 | +298% |
| Formation expenses | 20 | €26 | €0 | -€26 | -100% |
| Fixed assets | 21/28 | €14,945 | €426,323 | +€411,378 | +2,753% |
| Tangible fixed assets | 22/27 | €14,945 | €426,323 | +€411,378 | +2,753% |
| Land and buildings | 22 | - | €398,603 | +€398,603 | |
| Furniture and vehicles | 24 | €14,945 | €27,720 | +€12,775 | +85.5% |
| Current assets | 29/58 | €111,161 | €75,260 | -€35,901 | -32.3% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €33,079 | €50,571 | +€17,492 | +52.9% |
| Trade receivables | 40 | €32,339 | €49,832 | +€17,492 | +54.1% |
| Other amounts receivable | 41 | €740 | €740 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,082 | €14,688 | -€63,393 | -81.2% |
| Total equity and liabilities | 10/49 | €126,131 | €501,582 | +€375,451 | +298% |
| Equity | 10/15 | €74,516 | €42,153 | -€32,363 | -43.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €49,516 | €17,153 | -€32,363 | -65.4% |
| Distributable reserves | 133 | €49,516 | €17,153 | -€32,363 | -65.4% |
| Amounts payable | 17/49 | €51,616 | €459,430 | +€407,814 | +790% |
| Amounts payable after more than one year | 17 | - | €382,587 | +€382,587 | |
| Financial debts | 170/4 | - | €382,587 | +€382,587 | |
| Amounts payable within one year | 42/48 | €51,616 | €76,843 | +€25,228 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,986 | +€13,986 | |
| Trade debts | 44 | €11,915 | €17,705 | +€5,790 | +48.6% |
| Suppliers | 440/4 | €11,915 | €17,705 | +€5,790 | +48.6% |
| Advances received on contracts in progress | 46 | €17,566 | €7,951 | -€9,615 | -54.7% |
| Taxes, remuneration and social security | 45 | €14,062 | €19,037 | +€4,975 | +35.4% |
| Taxes | 450/3 | €14,062 | €19,037 | +€4,975 | +35.4% |
| Other amounts payable | 47/48 | €8,073 | €18,164 | +€10,091 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,030 | €19,221 | +€17,190 | +847% |
| Other operating charges | 640/8 | €381 | €1,005 | +€624 | +164% |
| Gross operating margin | 9900 | €60,234 | -€7,777 | -€68,011 | |
| Operating profit (loss) | 9901 | €57,822 | -€28,003 | -€85,825 | |
| Financial income | 75/76B | €4,318 | €242 | -€4,076 | -94.4% |
| Recurring financial income | 75 | €4,318 | €242 | -€4,076 | -94.4% |
| Financial charges | 65/66B | €243 | €4,602 | +€4,360 | +1,798% |
| Recurring financial charges | 65 | €243 | €4,602 | +€4,360 | +1,798% |
| Profit (loss) for the period before taxes | 9903 | €61,898 | -€32,363 | -€94,261 | |
| Income taxes | 67/77 | €12,382 | €0 | -€12,382 | -100% |
| Profit (loss) for the period | 9904 | €49,516 | -€32,363 | -€81,879 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,516 | -€32,363 | -€81,879 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.