RACES INFORMATION SERVICES: 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.
RACES INFORMATION SERVICES
Largest movements
- Cash -€30,854
down €30,854 (-20.7%), from €148,820 to €117,965
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€35,933)
- Tangible fixed assets +€10,900
up €10,900 (+22.3%), from €48,781 to €59,680
- Receivables within one year +€7,452
up €7,452 (+29.8%), from €25,038 to €32,490
of which Other amounts receivable: +€13,668
- Stocks and contracts +€5,639
up €5,639 (+40.8%), from €13,812 to €19,451
- Reserves -€81,500
down €81,500 (-60.1%), from €135,630 to €54,130
- Other debts +€69,012
up €69,012 (+120%), from €57,722 to €126,733
- Trade debts +€11,909
up €11,909 (+440%), from €2,705 to €14,614
- Tax, wage and social debts -€4,285
down €4,285 (-19.2%), from €22,318 to €18,033
of which Taxes: -€4,987
- Gross operating margin -€24,031
down €24,031 (-25.7%), from €93,467 to €69,436
- Other operating charges +€16,995
up €16,995 (+2,152%), from €790 to €17,784
- Taxes -€10,679
down €10,679 (-56.2%), from €19,002 to €8,323
- Financial income +€1,692
up €1,692 (+42,618%), from €4 to €1,696
- Depreciation -€1,567
down €1,567 (-5.9%), from €26,600 to €25,033
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 | €238,070 | €232,447 | -€5,623 | -2.4% |
| Fixed assets | 21/28 | €48,781 | €59,680 | +€10,900 | +22.3% |
| Tangible fixed assets | 22/27 | €48,781 | €59,680 | +€10,900 | +22.3% |
| Furniture and vehicles | 24 | €48,781 | €59,680 | +€10,900 | +22.3% |
| Current assets | 29/58 | €189,289 | €172,766 | -€16,522 | -8.7% |
| Stocks and contracts in progress | 3 | €13,812 | €19,451 | +€5,639 | +40.8% |
| Stocks | 30/36 | €13,812 | €19,451 | +€5,639 | +40.8% |
| Amounts receivable within one year | 40/41 | €25,038 | €32,490 | +€7,452 | +29.8% |
| Trade receivables | 40 | €23,885 | €17,669 | -€6,216 | -26.0% |
| Other amounts receivable | 41 | €1,154 | €14,821 | +€13,668 | +1,185% |
| Cash at bank and in hand | 54/58 | €148,820 | €117,965 | -€30,854 | -20.7% |
| Deferred charges and accrued income | 490/1 | €1,619 | €2,860 | +€1,241 | +76.6% |
| Total equity and liabilities | 10/49 | €238,070 | €232,447 | -€5,623 | -2.4% |
| Equity | 10/15 | €154,455 | €73,066 | -€81,388 | -52.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €135,630 | €54,130 | -€81,500 | -60.1% |
| Distributable reserves | 133 | €135,630 | €54,130 | -€81,500 | -60.1% |
| Profit (loss) carried forward | 14 | €74 | €186 | +€112 | +150% |
| Amounts payable | 17/49 | €83,615 | €159,381 | +€75,765 | +90.6% |
| Amounts payable within one year | 42/48 | €82,744 | €159,381 | +€76,636 | +92.6% |
| Trade debts | 44 | €2,705 | €14,614 | +€11,909 | +440% |
| Suppliers | 440/4 | €2,705 | €14,614 | +€11,909 | +440% |
| Taxes, remuneration and social security | 45 | €22,318 | €18,033 | -€4,285 | -19.2% |
| Taxes | 450/3 | €21,697 | €16,710 | -€4,987 | -23.0% |
| Remuneration and social security | 454/9 | €620 | €1,323 | +€702 | +113% |
| Other amounts payable | 47/48 | €57,722 | €126,733 | +€69,012 | +120% |
| Accrued charges and deferred income | 492/3 | €871 | - | -€871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,600 | €25,033 | -€1,567 | -5.9% |
| Other operating charges | 640/8 | €790 | €17,784 | +€16,995 | +2,152% |
| Gross operating margin | 9900 | €93,467 | €69,436 | -€24,031 | -25.7% |
| Operating profit (loss) | 9901 | €66,077 | €26,619 | -€39,458 | -59.7% |
| Financial income | 75/76B | €4 | €1,696 | +€1,692 | +42,618% |
| Recurring financial income | 75 | €4 | €1,696 | +€1,692 | +42,618% |
| Financial charges | 65/66B | €484 | €1,380 | +€896 | +185% |
| Recurring financial charges | 65 | €484 | €1,380 | +€896 | +185% |
| Profit (loss) for the period before taxes | 9903 | €65,597 | €26,935 | -€38,662 | -58.9% |
| Income taxes | 67/77 | €19,002 | €8,323 | -€10,679 | -56.2% |
| Profit (loss) for the period | 9904 | €46,595 | €18,612 | -€27,983 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,595 | €18,612 | -€27,983 | -60.1% |
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 27 October 2026 via checked.be.