RACING TRADING ENGINEERING&CONSULT: 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.
RACING TRADING ENGINEERING&CONSULT
Largest movements
- Cash +€78,222
up €78,222 (+30.3%), from €258,325 to €336,547
mainly Net result for the year (+€110,321) and Depreciation (+€72,607)
- Receivables within one year -€57,382
down €57,382 (-10.3%), from €556,545 to €499,164
of which Trade receivables: -€69,972
- Stocks and contracts +€38,526
up €38,526 (+14.0%), from €275,231 to €313,757
- Tangible fixed assets +€17,817
up €17,817 (+3.6%), from €501,421 to €519,238
of which Land and buildings: +€36,981
- Profit (loss) carried forward +€52,821
up €52,821 (+15.1%), from €350,335 to €403,156
- Reserves +€50,000
up €50,000 (+45.5%), from €110,000 to €160,000
- Debts after one year -€42,340
down €42,340 (-10.4%), from €405,959 to €363,619
of which Financial debts: -€35,532
- Provisions -€40,000
no longer reported in 2025 (was €40,000)
- Trade debts +€33,222
up €33,222 (+7.2%), from €459,971 to €493,194
- Staff costs +€71,016
up €71,016 (+18.5%), from €384,340 to €455,356
- Provisions -€40,000
new in 2025: -€40,000
- Write-downs -€33,240
down €33,240 (-26.1%), from €127,500 to €94,260
- Gross operating margin -€24,360
down €24,360 (-3.1%), from €796,189 to €771,830
- Taxes -€17,608
down €17,608 (-30.7%), from €57,286 to €39,678
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 | €1,592,051 | €1,669,195 | +€77,144 | +4.8% |
| Fixed assets | 21/28 | €501,421 | €519,238 | +€17,817 | +3.6% |
| Tangible fixed assets | 22/27 | €501,421 | €519,238 | +€17,817 | +3.6% |
| Land and buildings | 22 | €407,882 | €444,863 | +€36,981 | +9.1% |
| Plant, machinery and equipment | 23 | €42,003 | €50,342 | +€8,339 | +19.9% |
| Furniture and vehicles | 24 | €51,536 | €24,033 | -€27,503 | -53.4% |
| Current assets | 29/58 | €1,090,630 | €1,149,957 | +€59,327 | +5.4% |
| Stocks and contracts in progress | 3 | €275,231 | €313,757 | +€38,526 | +14.0% |
| Stocks | 30/36 | €275,231 | €313,757 | +€38,526 | +14.0% |
| Amounts receivable within one year | 40/41 | €556,545 | €499,164 | -€57,382 | -10.3% |
| Trade receivables | 40 | €507,615 | €437,643 | -€69,972 | -13.8% |
| Other amounts receivable | 41 | €48,931 | €61,521 | +€12,590 | +25.7% |
| Cash at bank and in hand | 54/58 | €258,325 | €336,547 | +€78,222 | +30.3% |
| Deferred charges and accrued income | 490/1 | €528 | €489 | -€40 | -7.5% |
| Total equity and liabilities | 10/49 | €1,592,051 | €1,669,195 | +€77,144 | +4.8% |
| Equity | 10/15 | €528,095 | €630,916 | +€102,821 | +19.5% |
| Contributions | 10/11 | €67,760 | €67,760 | = | 0.0% |
| Reserves | 13 | €110,000 | €160,000 | +€50,000 | +45.5% |
| Distributable reserves | 133 | €110,000 | €160,000 | +€50,000 | +45.5% |
| Profit (loss) carried forward | 14 | €350,335 | €403,156 | +€52,821 | +15.1% |
| Provisions and deferred taxes | 16 | €40,000 | - | -€40,000 | |
| Provisions for liabilities and charges | 160/5 | €40,000 | - | -€40,000 | |
| Major repairs and maintenance | 162 | €40,000 | - | -€40,000 | |
| Amounts payable | 17/49 | €1,023,956 | €1,038,279 | +€14,323 | +1.4% |
| Amounts payable after more than one year | 17 | €405,959 | €363,619 | -€42,340 | -10.4% |
| Financial debts | 170/4 | €399,152 | €363,619 | -€35,532 | -8.9% |
| Other amounts payable | 178/9 | €6,807 | - | -€6,807 | |
| Amounts payable within one year | 42/48 | €612,324 | €644,660 | +€32,335 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €33,370 | €34,532 | +€1,162 | +3.5% |
| Financial debts | 43 | €21,507 | - | -€21,507 | |
| Credit institutions | 430/8 | €21,507 | - | -€21,507 | |
| Trade debts | 44 | €459,971 | €493,194 | +€33,222 | +7.2% |
| Suppliers | 440/4 | €459,971 | €493,194 | +€33,222 | +7.2% |
| Advances received on contracts in progress | 46 | €5,717 | €11,433 | +€5,716 | +100.0% |
| Taxes, remuneration and social security | 45 | €91,759 | €98,001 | +€6,242 | +6.8% |
| Taxes | 450/3 | €53,227 | €56,954 | +€3,727 | +7.0% |
| Remuneration and social security | 454/9 | €38,532 | €41,047 | +€2,515 | +6.5% |
| Other amounts payable | 47/48 | - | €7,500 | +€7,500 | |
| Accrued charges and deferred income | 492/3 | €5,673 | €30,000 | +€24,327 | +429% |
| Remuneration, social security and pensions | 62 | €384,340 | €455,356 | +€71,016 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,917 | €72,607 | +€16,690 | +29.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €127,500 | €94,260 | -€33,240 | -26.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€40,000 | -€40,000 | |
| Other operating charges | 640/8 | €11,448 | €10,659 | -€790 | -6.9% |
| Gross operating margin | 9900 | €796,189 | €771,830 | -€24,360 | -3.1% |
| Operating profit (loss) | 9901 | €216,984 | €178,948 | -€38,036 | -17.5% |
| Financial income | 75/76B | €6,298 | €6,384 | +€86 | +1.4% |
| Recurring financial income | 75 | €6,298 | €6,384 | +€86 | +1.4% |
| Financial charges | 65/66B | €21,678 | €35,333 | +€13,654 | +63.0% |
| Recurring financial charges | 65 | €21,678 | €35,333 | +€13,654 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €201,603 | €149,999 | -€51,604 | -25.6% |
| Income taxes | 67/77 | €57,286 | €39,678 | -€17,608 | -30.7% |
| Profit (loss) for the period | 9904 | €144,317 | €110,321 | -€33,996 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €144,317 | €110,321 | -€33,996 | -23.6% |
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.