R D 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.
R D RACING
Largest movements
- Cash +€126,442
up €126,442 (+186%), from €67,975 to €194,416
mainly Other debts (+€298,033) and Depreciation (+€120,131)
- Tangible fixed assets +€103,669
up €103,669 (+26.0%), from €398,349 to €502,018
of which Furniture and vehicles: +€110,030
- Stocks and contracts +€29,874
up €29,874 (+15.3%), from €195,451 to €225,325
- Receivables within one year -€9,928
down €9,928 (-68.2%), from €14,547 to €4,619
of which Other amounts receivable: -€9,565
- Other debts +€298,033
up €298,033 (+224%), from €132,850 to €430,883
- Reserves -€21,649
down €21,649 (-5.6%), from €386,698 to €365,048
of which Tax-exempt reserves: -€57,359
- Debts after one year -€10,217
down €10,217 (-79.9%), from €12,791 to €2,574
- Depreciation +€13,205
up €13,205 (+12.4%), from €106,926 to €120,131
- Gross operating margin +€7,185
up €7,185 (+7.8%), from €92,116 to €99,301
- Financial income -€5,457
down €5,457 (-95.9%), from €5,689 to €231
- Taxes -€2,342
down €2,342 (-27.1%), from €8,642 to €6,300
- Other operating charges -€1,578
down €1,578 (-41.7%), from €3,783 to €2,204
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 | €677,487 | €928,528 | +€251,041 | +37.1% |
| Fixed assets | 21/28 | €398,349 | €502,018 | +€103,669 | +26.0% |
| Tangible fixed assets | 22/27 | €398,349 | €502,018 | +€103,669 | +26.0% |
| Plant, machinery and equipment | 23 | €11,880 | €9,250 | -€2,630 | -22.1% |
| Furniture and vehicles | 24 | €357,981 | €468,011 | +€110,030 | +30.7% |
| Other tangible fixed assets | 26 | €28,487 | €24,757 | -€3,730 | -13.1% |
| Current assets | 29/58 | €279,138 | €426,510 | +€147,372 | +52.8% |
| Stocks and contracts in progress | 3 | €195,451 | €225,325 | +€29,874 | +15.3% |
| Stocks | 30/36 | €195,451 | €225,325 | +€29,874 | +15.3% |
| Amounts receivable within one year | 40/41 | €14,547 | €4,619 | -€9,928 | -68.2% |
| Trade receivables | 40 | €363 | €0 | -€363 | -100% |
| Other amounts receivable | 41 | €14,184 | €4,619 | -€9,565 | -67.4% |
| Cash at bank and in hand | 54/58 | €67,975 | €194,416 | +€126,442 | +186% |
| Deferred charges and accrued income | 490/1 | €1,166 | €2,149 | +€983 | +84.3% |
| Total equity and liabilities | 10/49 | €677,487 | €928,528 | +€251,041 | +37.1% |
| Equity | 10/15 | €388,698 | €367,048 | -€21,649 | -5.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €386,698 | €365,048 | -€21,649 | -5.6% |
| Tax-exempt reserves | 132 | €296,872 | €239,513 | -€57,359 | -19.3% |
| Distributable reserves | 133 | €89,825 | €125,535 | +€35,710 | +39.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €119,119 | €110,736 | -€8,383 | -7.0% |
| Deferred taxes | 168 | €119,119 | €110,736 | -€8,383 | -7.0% |
| Amounts payable | 17/49 | €169,670 | €450,743 | +€281,073 | +166% |
| Amounts payable after more than one year | 17 | €12,791 | €2,574 | -€10,217 | -79.9% |
| Financial debts | 170/4 | €12,791 | €2,574 | -€10,217 | -79.9% |
| Amounts payable within one year | 42/48 | €156,840 | €448,126 | +€291,286 | +186% |
| Current portion of amounts payable after more than one year | 42 | €10,092 | €10,217 | +€126 | +1.2% |
| Trade debts | 44 | €4,182 | €458 | -€3,723 | -89.0% |
| Suppliers | 440/4 | €4,182 | €458 | -€3,723 | -89.0% |
| Taxes, remuneration and social security | 45 | €9,717 | €6,568 | -€3,149 | -32.4% |
| Taxes | 450/3 | €9,717 | €6,568 | -€3,149 | -32.4% |
| Other amounts payable | 47/48 | €132,850 | €430,883 | +€298,033 | +224% |
| Accrued charges and deferred income | 492/3 | €39 | €43 | +€4 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,926 | €120,131 | +€13,205 | +12.4% |
| Other operating charges | 640/8 | €3,783 | €2,204 | -€1,578 | -41.7% |
| Gross operating margin | 9900 | €92,116 | €99,301 | +€7,185 | +7.8% |
| Operating profit (loss) | 9901 | -€18,593 | -€23,034 | -€4,442 | -23.9% |
| Financial income | 75/76B | €5,689 | €231 | -€5,457 | -95.9% |
| Recurring financial income | 75 | €5,689 | €231 | -€5,457 | -95.9% |
| Financial charges | 65/66B | €877 | €930 | +€53 | +6.0% |
| Recurring financial charges | 65 | €877 | €930 | +€53 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,781 | -€23,733 | -€9,952 | -72.2% |
| Transfer from deferred taxes | 780 | €12,336 | €8,383 | -€3,953 | -32.0% |
| Income taxes | 67/77 | €8,642 | €6,300 | -€2,342 | -27.1% |
| Profit (loss) for the period | 9904 | -€10,087 | -€21,649 | -€11,563 | -115% |
| Transfer from tax-exempt reserves | 789 | €49,345 | €57,359 | +€8,015 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,258 | €35,710 | -€3,548 | -9.0% |
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 24 October 2026 via checked.be.