RACINGOLD: 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.
RACINGOLD
Largest movements
- Tangible fixed assets -€76,726
down €76,726 (-3.6%), from €2.1m to €2.0m
- Cash +€23,490
up €23,490 (+64.7%), from €36,303 to €59,793
mainly Depreciation (+€76,726) and Net result for the year (+€25,394)
- Debts after one year -€79,747
down €79,747 (-19.1%), from €417,373 to €337,625
- Profit (loss) carried forward +€25,394
up €25,394 (+8.6%), from -€296,514 to -€271,121
- Financial charges -€3,888
down €3,888 (-36.7%), from €10,587 to €6,699
- Other operating charges -€2,142
down €2,142 (-4.7%), from €45,184 to €43,042
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 | €2,318,596 | €2,266,021 | -€52,575 | -2.3% |
| Fixed assets | 21/28 | €2,119,046 | €2,042,320 | -€76,726 | -3.6% |
| Tangible fixed assets | 22/27 | €2,119,046 | €2,042,320 | -€76,726 | -3.6% |
| Land and buildings | 22 | €2,119,046 | €2,042,320 | -€76,726 | -3.6% |
| Current assets | 29/58 | €199,551 | €223,702 | +€24,151 | +12.1% |
| Stocks and contracts in progress | 3 | €151,188 | €151,188 | = | 0.0% |
| Stocks | 30/36 | €151,188 | €151,188 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,912 | €10,482 | +€570 | +5.8% |
| Trade receivables | 40 | €9,912 | €10,454 | +€542 | +5.5% |
| Other amounts receivable | 41 | - | €28 | +€28 | |
| Cash at bank and in hand | 54/58 | €36,303 | €59,793 | +€23,490 | +64.7% |
| Deferred charges and accrued income | 490/1 | €2,148 | €2,239 | +€91 | +4.2% |
| Total equity and liabilities | 10/49 | €2,318,596 | €2,266,021 | -€52,575 | -2.3% |
| Equity | 10/15 | €1,498,254 | €1,523,648 | +€25,394 | +1.7% |
| Contributions | 10/11 | €1,749,446 | €1,749,446 | = | 0.0% |
| Capital | 10 | €1,749,446 | €1,749,446 | = | 0.0% |
| Issued capital | 100 | €1,749,446 | €1,749,446 | = | 0.0% |
| Reserves | 13 | €45,322 | €45,322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,928 | €20,928 | = | 0.0% |
| Legal reserve | 130 | €20,928 | €20,800 | -€127 | -0.6% |
| Reserves not available under the articles | 1311 | - | €127 | +€127 | |
| Distributable reserves | 133 | €24,395 | €24,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,514 | -€271,121 | +€25,394 | +8.6% |
| Amounts payable | 17/49 | €820,343 | €742,374 | -€77,969 | -9.5% |
| Amounts payable after more than one year | 17 | €417,373 | €337,625 | -€79,747 | -19.1% |
| Financial debts | 170/4 | €417,373 | €337,625 | -€79,747 | -19.1% |
| Amounts payable within one year | 42/48 | €402,970 | €404,749 | +€1,779 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €78,624 | €79,747 | +€1,123 | +1.4% |
| Trade debts | 44 | €76,989 | €70,364 | -€6,625 | -8.6% |
| Suppliers | 440/4 | €76,989 | €70,364 | -€6,625 | -8.6% |
| Taxes, remuneration and social security | 45 | €2,233 | €2,196 | -€37 | -1.6% |
| Taxes | 450/3 | €2,233 | €2,196 | -€37 | -1.6% |
| Other amounts payable | 47/48 | €245,124 | €252,442 | +€7,317 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,726 | €76,726 | = | 0.0% |
| Other operating charges | 640/8 | €45,184 | €43,042 | -€2,142 | -4.7% |
| Gross operating margin | 9900 | €150,675 | €151,861 | +€1,186 | +0.8% |
| Operating profit (loss) | 9901 | €28,765 | €32,093 | +€3,328 | +11.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,587 | €6,699 | -€3,888 | -36.7% |
| Recurring financial charges | 65 | €10,587 | €6,699 | -€3,888 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €18,178 | €25,394 | +€7,216 | +39.7% |
| Profit (loss) for the period | 9904 | €18,178 | €25,394 | +€7,216 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,178 | €25,394 | +€7,216 | +39.7% |
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 10 October 2026 via checked.be.