Rausch Racing: 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.
Rausch Racing
Largest movements
- Stocks and contracts +€107,006
up €107,006 (+92.9%), from €115,244 to €222,250
- Tangible fixed assets -€66,416
down €66,416 (-88.9%), from €74,725 to €8,309
of which Furniture and vehicles: -€65,524
- Cash -€47,155
down €47,155 (-59.7%), from €78,976 to €31,822
mainly Other debts (-€565,227) and Stocks and contracts (-€107,006)
- Debts after one year +€589,501
new in 2025: €589,501
- Other debts -€565,227
no longer reported in 2025 (was €565,227)
- Profit (loss) carried forward -€28,552
down €28,552 (-8.4%), from -€338,825 to -€367,377
- Trade debts -€3,396
down €3,396 (-85.5%), from €3,971 to €575
- Depreciation -€36,756
down €36,756 (-95.2%), from €38,627 to €1,871
- Gross operating margin +€11,995
up €11,995 (+45.1%), from -€26,623 to -€14,628
- Other operating charges +€1,941
up €1,941 (+378%), from €513 to €2,455
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 | €272,589 | €265,704 | -€6,885 | -2.5% |
| Fixed assets | 21/28 | €74,725 | €8,309 | -€66,416 | -88.9% |
| Tangible fixed assets | 22/27 | €74,725 | €8,309 | -€66,416 | -88.9% |
| Plant, machinery and equipment | 23 | €3,629 | €3,009 | -€620 | -17.1% |
| Furniture and vehicles | 24 | €68,843 | €3,320 | -€65,524 | -95.2% |
| Other tangible fixed assets | 26 | €2,253 | €1,981 | -€272 | -12.1% |
| Current assets | 29/58 | €197,864 | €257,395 | +€59,531 | +30.1% |
| Stocks and contracts in progress | 3 | €115,244 | €222,250 | +€107,006 | +92.9% |
| Stocks | 30/36 | €115,244 | €222,250 | +€107,006 | +92.9% |
| Amounts receivable within one year | 40/41 | €898 | €421 | -€477 | -53.2% |
| Trade receivables | 40 | €303 | €303 | = | 0.0% |
| Other amounts receivable | 41 | €595 | €118 | -€477 | -80.2% |
| Cash at bank and in hand | 54/58 | €78,976 | €31,822 | -€47,155 | -59.7% |
| Deferred charges and accrued income | 490/1 | €2,746 | €2,903 | +€156 | +5.7% |
| Total equity and liabilities | 10/49 | €272,589 | €265,704 | -€6,885 | -2.5% |
| Equity | 10/15 | -€296,632 | -€325,184 | -€28,552 | -9.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €12,193 | €12,193 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,334 | €10,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€338,825 | -€367,377 | -€28,552 | -8.4% |
| Amounts payable | 17/49 | €569,220 | €590,888 | +€21,667 | +3.8% |
| Amounts payable after more than one year | 17 | - | €589,501 | +€589,501 | |
| Other amounts payable | 178/9 | - | €589,501 | +€589,501 | |
| Amounts payable within one year | 42/48 | €569,220 | €1,387 | -€567,834 | -99.8% |
| Trade debts | 44 | €3,971 | €575 | -€3,396 | -85.5% |
| Suppliers | 440/4 | €3,971 | €575 | -€3,396 | -85.5% |
| Taxes, remuneration and social security | 45 | €23 | €812 | +€789 | +3,500% |
| Taxes | 450/3 | €23 | €812 | +€789 | +3,500% |
| Other amounts payable | 47/48 | €565,227 | - | -€565,227 | |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,627 | €1,871 | -€36,756 | -95.2% |
| Other operating charges | 640/8 | €513 | €2,455 | +€1,941 | +378% |
| Non-recurring operating charges | 66A | - | €9,544 | +€9,544 | |
| Gross operating margin | 9900 | -€26,623 | -€14,628 | +€11,995 | +45.1% |
| Operating profit (loss) | 9901 | -€65,764 | -€28,498 | +€37,266 | +56.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €20 | €54 | +€34 | +165% |
| Recurring financial charges | 65 | €20 | €54 | +€34 | +165% |
| Profit (loss) for the period before taxes | 9903 | -€65,784 | -€28,552 | +€37,232 | +56.6% |
| Profit (loss) for the period | 9904 | -€65,784 | -€28,552 | +€37,232 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,784 | -€28,552 | +€37,232 | +56.6% |
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 24 October 2026 via checked.be.