Racing Center: 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.
What changed
Racing Center
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€15,063
2024 · €53,909-€68,972
Equity
€746,096
2024 · €761,159-€15,063
Cash
€3,480
2024 · €4,991-€1,511
Balance sheet total
€2.0m
2024 · €2.6m-€607,827
Largest movements
Assets
- Stocks and contracts -€566,116
down €566,116 (-28.5%), from €2.0m to €1.4m
- Tangible fixed assets -€27,745
down €27,745 (-7.0%), from €395,777 to €368,032
Equity and liabilities
- Trade debts -€631,329
down €631,329 (-65.1%), from €970,122 to €338,793
- Tax, wage and social debts +€66,910
up €66,910 (+119%), from €56,183 to €123,093
of which Taxes: +€61,207
- Other debts -€57,091
down €57,091 (-28.9%), from €197,818 to €140,727
Income statement
- Gross operating margin -€82,803
down €82,803 (-15.2%), from €545,308 to €462,505
- Staff costs +€23,332
up €23,332 (+7.0%), from €331,565 to €354,897
- Taxes -€17,517
down €17,517 (-93.6%), from €18,717 to €1,200
- Financial charges -€16,037
down €16,037 (-20.9%), from €76,650 to €60,613
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.
Result 2024
€53,909
Gross operating margin
-€82,803
Staff costs
-€23,332
Depreciation
+€930
Other operating charges
+€2,318
Financial income
+€361
Financial charges
+€16,037
Taxes
+€17,517
Result 2025
-€15,063
raises the resultlowers the result
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.
From operations
-€2,548
Investment
-€17,736
Financing
+€18,773
Cash 2024
€4,991
From operations (derived)
-€2,548
Net result for the year
-€15,063
Depreciation
+€45,481
Stocks and contracts
+€566,116
Receivables within one year
+€12,456
Trade debts
-€631,329
Tax, wage and social debts
+€66,910
Advances received
+€15,749
Other debts
-€57,091
Accrued charges and deferred income
-€5,777
Investment (derived)
-€17,736
Investment in fixed assets (net)
-€17,736
Financing
+€18,773
Debts after one year
+€19,514
Current portion of long-term debt
-€2,797
Short-term financial debts
+€2,056
Cash 2025
€3,480
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,638,870 | €2,031,043 | -€607,827 | -23.0% |
| Fixed assets | 21/28 | €396,604 | €368,859 | -€27,745 | -7.0% |
| Tangible fixed assets | 22/27 | €395,777 | €368,032 | -€27,745 | -7.0% |
| Land and buildings | 22 | €256,989 | €244,057 | -€12,931 | -5.0% |
| Plant, machinery and equipment | 23 | €69,492 | €73,776 | +€4,284 | +6.2% |
| Furniture and vehicles | 24 | €19,406 | €5,877 | -€13,529 | -69.7% |
| Other tangible fixed assets | 26 | €49,890 | €44,323 | -€5,568 | -11.2% |
| Financial fixed assets | 28 | €827 | €827 | = | 0.0% |
| Current assets | 29/58 | €2,242,267 | €1,662,184 | -€580,083 | -25.9% |
| Stocks and contracts in progress | 3 | €1,983,059 | €1,416,943 | -€566,116 | -28.5% |
| Stocks | 30/36 | €1,983,059 | €1,416,943 | -€566,116 | -28.5% |
| Amounts receivable within one year | 40/41 | €254,217 | €241,761 | -€12,456 | -4.9% |
| Trade receivables | 40 | €129,325 | €88,809 | -€40,516 | -31.3% |
| Other amounts receivable | 41 | €124,891 | €152,952 | +€28,060 | +22.5% |
| Cash at bank and in hand | 54/58 | €4,991 | €3,480 | -€1,511 | -30.3% |
| Total equity and liabilities | 10/49 | €2,638,870 | €2,031,043 | -€607,827 | -23.0% |
| Equity | 10/15 | €761,159 | €746,096 | -€15,063 | -2.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Revaluation surpluses | 12 | €65,692 | €65,692 | = | 0.0% |
| Reserves | 13 | €516,840 | €516,840 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,900 | €131,900 | = | 0.0% |
| Distributable reserves | 133 | €384,940 | €384,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,837 | €138,774 | -€15,063 | -9.8% |
| Amounts payable | 17/49 | €1,877,712 | €1,284,947 | -€592,764 | -31.6% |
| Amounts payable after more than one year | 17 | €86,791 | €106,306 | +€19,514 | +22.5% |
| Financial debts | 170/4 | €86,791 | €106,306 | +€19,514 | +22.5% |
| Amounts payable within one year | 42/48 | €1,774,810 | €1,168,308 | -€606,502 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €77,087 | €74,290 | -€2,797 | -3.6% |
| Financial debts | 43 | €450,000 | €452,056 | +€2,056 | +0.5% |
| Credit institutions | 430/8 | €450,000 | €452,056 | +€2,056 | +0.5% |
| Trade debts | 44 | €970,122 | €338,793 | -€631,329 | -65.1% |
| Suppliers | 440/4 | €970,122 | €338,793 | -€631,329 | -65.1% |
| Advances received on contracts in progress | 46 | €23,600 | €39,349 | +€15,749 | +66.7% |
| Taxes, remuneration and social security | 45 | €56,183 | €123,093 | +€66,910 | +119% |
| Taxes | 450/3 | €30,417 | €91,624 | +€61,207 | +201% |
| Remuneration and social security | 454/9 | €25,766 | €31,469 | +€5,703 | +22.1% |
| Other amounts payable | 47/48 | €197,818 | €140,727 | -€57,091 | -28.9% |
| Accrued charges and deferred income | 492/3 | €16,110 | €10,333 | -€5,777 | -35.9% |
| Non-recurring operating income | 76A | €2,767 | €161 | -€2,606 | -94.2% |
| Remuneration, social security and pensions | 62 | €331,565 | €354,897 | +€23,332 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,411 | €45,481 | -€930 | -2.0% |
| Other operating charges | 640/8 | €21,376 | €19,058 | -€2,318 | -10.8% |
| Gross operating margin | 9900 | €545,308 | €462,505 | -€82,803 | -15.2% |
| Operating profit (loss) | 9901 | €145,957 | €43,069 | -€102,887 | -70.5% |
| Financial income | 75/76B | €3,320 | €3,681 | +€361 | +10.9% |
| Recurring financial income | 75 | €3,320 | €3,681 | +€361 | +10.9% |
| Financial charges | 65/66B | €76,650 | €60,613 | -€16,037 | -20.9% |
| Recurring financial charges | 65 | €76,650 | €60,613 | -€16,037 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €72,626 | -€13,863 | -€86,489 | |
| Income taxes | 67/77 | €18,717 | €1,200 | -€17,517 | -93.6% |
| Profit (loss) for the period | 9904 | €53,909 | -€15,063 | -€68,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,909 | -€15,063 | -€68,972 |
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 25 October 2026 via checked.be.