ROYAL ASCOT OSTEND: 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.
ROYAL ASCOT OSTEND
Largest movements
- Tangible fixed assets -€24,256
down €24,256 (-3.8%), from €635,933 to €611,677
- Cash +€16,192
up €16,192 (+25.7%), from €63,076 to €79,269
mainly Depreciation (+€24,256) and Other debts (+€3,911)
- Profit (loss) carried forward -€11,538
down €11,538 (-2.3%), from -€512,426 to -€523,964
- Gross operating margin -€5,697
down €5,697 (-24.6%), from €23,199 to €17,501
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 | €699,009 | €690,946 | -€8,063 | -1.2% |
| Fixed assets | 21/28 | €635,933 | €611,677 | -€24,256 | -3.8% |
| Tangible fixed assets | 22/27 | €635,933 | €611,677 | -€24,256 | -3.8% |
| Land and buildings | 22 | €635,933 | €611,677 | -€24,256 | -3.8% |
| Current assets | 29/58 | €63,076 | €79,269 | +€16,192 | +25.7% |
| Cash at bank and in hand | 54/58 | €63,076 | €79,269 | +€16,192 | +25.7% |
| Total equity and liabilities | 10/49 | €699,009 | €690,946 | -€8,063 | -1.2% |
| Equity | 10/15 | €637,574 | €626,036 | -€11,538 | -1.8% |
| Contributions | 10/11 | €1,150,000 | €1,150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€512,426 | -€523,964 | -€11,538 | -2.3% |
| Amounts payable | 17/49 | €61,435 | €64,909 | +€3,474 | +5.7% |
| Amounts payable within one year | 42/48 | €61,435 | €64,909 | +€3,474 | +5.7% |
| Trade debts | 44 | €1,649 | €1,213 | -€437 | -26.5% |
| Suppliers | 440/4 | €1,649 | €1,213 | -€437 | -26.5% |
| Other amounts payable | 47/48 | €59,786 | €63,697 | +€3,911 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,256 | €24,256 | = | 0.0% |
| Other operating charges | 640/8 | €4,747 | €4,759 | +€12 | +0.2% |
| Gross operating margin | 9900 | €23,199 | €17,501 | -€5,697 | -24.6% |
| Operating profit (loss) | 9901 | -€5,805 | -€11,514 | -€5,709 | -98.4% |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,829 | -€11,538 | -€5,709 | -98.0% |
| Profit (loss) for the period | 9904 | -€5,829 | -€11,538 | -€5,709 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,829 | -€11,538 | -€5,709 | -98.0% |
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.