RACESOUND: 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.
RACESOUND
Largest movements
- Tangible fixed assets -€20,189
down €20,189 (-26.1%), from €77,396 to €57,207
of which Plant, machinery and equipment: -€12,717
- Receivables within one year +€14,054
up €14,054 (+109.2%), from €12,868 to €26,922
of which Trade receivables: +€10,122
- Deferred charges and accrued income +€7,011
up €7,011 (+2143.6%), from €327 to €7,339
- Cash +€5,340
up €5,340 (+26700800.0%), from €0 to €5,340
mainly Depreciation (+€24,441) and Debts after one year (+€4,212)
- Debts after one year +€4,212
up €4,212 (+13.1%), from €32,048 to €36,260
- Trade debts +€3,971
up €3,971 (+392.0%), from €1,013 to €4,984
- Profit (loss) carried forward +€3,278
up €3,278 (+13.8%), from -€23,750 to -€20,471
- Other debts -€3,205
down €3,205 (-100.0%), from €3,205 to €0
- Short-term financial debts -€1,889
down €1,889 (-40.1%), from €4,715 to €2,826
of which Credit institutions: -€1,056
- Gross operating margin +€15,008
up €15,008 (+79.9%), from €18,782 to €33,790
- Depreciation -€7,106
down €7,106 (-22.5%), from €31,547 to €24,441
- Other operating charges +€1,138
up €1,138 (+81.2%), from €1,402 to €2,540
- Financial income -€859
down €859 (-100.0%), from €859 to €0
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 | €91,378 | €97,594 | +€6,216 | +6.8% |
| Fixed assets | 21/28 | €78,182 | €57,993 | -€20,189 | -25.8% |
| Tangible fixed assets | 22/27 | €77,396 | €57,207 | -€20,189 | -26.1% |
| Plant, machinery and equipment | 23 | €36,232 | €23,515 | -€12,717 | -35.1% |
| Furniture and vehicles | 24 | €396 | €0 | -€396 | -100.0% |
| Other tangible fixed assets | 26 | €40,769 | €33,692 | -€7,077 | -17.4% |
| Financial fixed assets | 28 | €786 | €786 | = | 0.0% |
| Current assets | 29/58 | €13,196 | €39,601 | +€26,406 | +200.1% |
| Amounts receivable within one year | 40/41 | €12,868 | €26,922 | +€14,054 | +109.2% |
| Trade receivables | 40 | €12,868 | €22,991 | +€10,122 | +78.7% |
| Other amounts receivable | 41 | €0 | €3,932 | +€3,932 | |
| Cash at bank and in hand | 54/58 | €0 | €5,340 | +€5,340 | +26700800.0% |
| Deferred charges and accrued income | 490/1 | €327 | €7,339 | +€7,011 | +2143.6% |
| Total equity and liabilities | 10/49 | €91,378 | €97,594 | +€6,216 | +6.8% |
| Equity | 10/15 | €27,081 | €30,360 | +€3,278 | +12.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €38,431 | €38,431 | = | 0.0% |
| Distributable reserves | 133 | €38,431 | €38,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,750 | -€20,471 | +€3,278 | +13.8% |
| Amounts payable | 17/49 | €64,297 | €67,235 | +€2,938 | +4.6% |
| Amounts payable after more than one year | 17 | €32,048 | €36,260 | +€4,212 | +13.1% |
| Financial debts | 170/4 | €32,048 | €36,260 | +€4,212 | +13.1% |
| Amounts payable within one year | 42/48 | €32,249 | €30,975 | -€1,274 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €13,291 | €12,738 | -€553 | -4.2% |
| Financial debts | 43 | €4,715 | €2,826 | -€1,889 | -40.1% |
| Credit institutions | 430/8 | €3,882 | €2,826 | -€1,056 | -27.2% |
| Other loans | 439 | €833 | €0 | -€833 | -100.0% |
| Trade debts | 44 | €1,013 | €4,984 | +€3,971 | +392.0% |
| Suppliers | 440/4 | €1,013 | €4,984 | +€3,971 | +392.0% |
| Taxes, remuneration and social security | 45 | €10,025 | €10,427 | +€402 | +4.0% |
| Taxes | 450/3 | €10,025 | €10,427 | +€402 | +4.0% |
| Other amounts payable | 47/48 | €3,205 | €0 | -€3,205 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,547 | €24,441 | -€7,106 | -22.5% |
| Other operating charges | 640/8 | €1,402 | €2,540 | +€1,138 | +81.2% |
| Gross operating margin | 9900 | €18,782 | €33,790 | +€15,008 | +79.9% |
| Operating profit (loss) | 9901 | -€14,167 | €6,810 | +€20,976 | |
| Financial income | 75/76B | €859 | €0 | -€859 | -100.0% |
| Recurring financial income | 75 | €859 | €0 | -€859 | -100.0% |
| Financial charges | 65/66B | €3,378 | €3,531 | +€153 | +4.5% |
| Recurring financial charges | 65 | €3,378 | €3,531 | +€153 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,686 | €3,278 | +€19,964 | |
| Profit (loss) for the period | 9904 | -€16,686 | €3,278 | +€19,964 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,686 | €3,278 | +€19,964 |
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 30 September 2026 via checked.be.