RACING WINGS: 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 WINGS
Largest movements
- Stocks and contracts +€10,102
up €10,102 (+88.7%), from €11,389 to €21,491
of which Contracts in progress: +€6,500
- Cash -€2,056
down €2,056 (-44.1%), from €4,660 to €2,604
mainly Stocks and contracts (-€10,102) and Investment in fixed assets (net) (-€1,000)
- Receivables within one year -€1,068
down €1,068 (-12.5%), from €8,576 to €7,508
of which Other amounts receivable: -€1,437
- Tangible fixed assets +€861
new in 2025: €861
- Other debts +€6,534
up €6,534 (+8.4%), from €77,809 to €84,344
- Trade debts +€1,875
up €1,875 (+109%), from €1,726 to €3,601
- Gross operating margin -€5,607
down €5,607 (-86.7%), from €6,470 to €863
- Financial income -€313
down €313 (-70.8%), from €442 to €129
- Other operating charges +€155
up €155 (+24.7%), from €628 to €783
- Depreciation +€139
new in 2025: €139
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 | €24,990 | €33,134 | +€8,144 | +32.6% |
| Fixed assets | 21/28 | - | €861 | +€861 | |
| Tangible fixed assets | 22/27 | - | €861 | +€861 | |
| Furniture and vehicles | 24 | - | €861 | +€861 | |
| Current assets | 29/58 | €24,990 | €32,273 | +€7,283 | +29.1% |
| Stocks and contracts in progress | 3 | €11,389 | €21,491 | +€10,102 | +88.7% |
| Stocks | 30/36 | €11,389 | €14,991 | +€3,602 | +31.6% |
| Contracts in progress | 37 | - | €6,500 | +€6,500 | |
| Amounts receivable within one year | 40/41 | €8,576 | €7,508 | -€1,068 | -12.5% |
| Trade receivables | 40 | €4,815 | €5,183 | +€369 | +7.7% |
| Other amounts receivable | 41 | €3,762 | €2,325 | -€1,437 | -38.2% |
| Cash at bank and in hand | 54/58 | €4,660 | €2,604 | -€2,056 | -44.1% |
| Deferred charges and accrued income | 490/1 | €365 | €669 | +€304 | +83.5% |
| Total equity and liabilities | 10/49 | €24,990 | €33,134 | +€8,144 | +32.6% |
| Equity | 10/15 | -€54,545 | -€54,811 | -€265 | -0.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,845 | -€61,111 | -€265 | -0.4% |
| Amounts payable | 17/49 | €79,535 | €87,944 | +€8,409 | +10.6% |
| Amounts payable within one year | 42/48 | €79,535 | €87,944 | +€8,409 | +10.6% |
| Trade debts | 44 | €1,726 | €3,601 | +€1,875 | +109% |
| Suppliers | 440/4 | €1,726 | €3,601 | +€1,875 | +109% |
| Other amounts payable | 47/48 | €77,809 | €84,344 | +€6,534 | +8.4% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €139 | +€139 | |
| Other operating charges | 640/8 | €628 | €783 | +€155 | +24.7% |
| Gross operating margin | 9900 | €6,470 | €863 | -€5,607 | -86.7% |
| Operating profit (loss) | 9901 | €5,842 | -€59 | -€5,901 | |
| Financial income | 75/76B | €442 | €129 | -€313 | -70.8% |
| Recurring financial income | 75 | €442 | €129 | -€313 | -70.8% |
| Financial charges | 65/66B | €301 | €335 | +€34 | +11.3% |
| Recurring financial charges | 65 | €301 | €335 | +€34 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €5,983 | -€265 | -€6,248 | |
| Profit (loss) for the period | 9904 | €5,983 | -€265 | -€6,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,983 | -€265 | -€6,248 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.