S.P. 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.
S.P. RACING
Largest movements
- Cash -€29,183
down €29,183 (-89.5%), from €32,610 to €3,426
mainly Trade debts (-€52,269) and Receivables within one year (-€24,931)
- Receivables within one year +€24,931
up €24,931 (+172%), from €14,529 to €39,460
of which Trade receivables: +€20,283
- Tangible fixed assets -€5,161
down €5,161 (-2.2%), from €230,641 to €225,479
- Trade debts -€52,269
down €52,269 (-99.0%), from €52,771 to €502
- Reserves +€36,567
up €36,567 (+124%), from €29,440 to €66,007
of which Distributable reserves: +€36,567
- Other debts +€3,801
up €3,801 (+1.5%), from €246,102 to €249,903
- Gross operating margin +€46,152
up €46,152, from -€723 to €45,429
- Taxes +€3,657
new in 2025: €3,657
- Depreciation -€1,168
down €1,168 (-18.5%), from €6,330 to €5,161
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 | €277,779 | €268,366 | -€9,413 | -3.4% |
| Fixed assets | 21/28 | €230,641 | €225,479 | -€5,161 | -2.2% |
| Tangible fixed assets | 22/27 | €230,641 | €225,479 | -€5,161 | -2.2% |
| Furniture and vehicles | 24 | €230,641 | €225,479 | -€5,161 | -2.2% |
| Current assets | 29/58 | €47,138 | €42,886 | -€4,252 | -9.0% |
| Amounts receivable within one year | 40/41 | €14,529 | €39,460 | +€24,931 | +172% |
| Trade receivables | 40 | €10,000 | €30,283 | +€20,283 | +203% |
| Other amounts receivable | 41 | €4,529 | €9,178 | +€4,649 | +103% |
| Cash at bank and in hand | 54/58 | €32,610 | €3,426 | -€29,183 | -89.5% |
| Total equity and liabilities | 10/49 | €277,779 | €268,366 | -€9,413 | -3.4% |
| Equity | 10/15 | -€25,486 | €11,081 | +€36,567 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €29,440 | €66,007 | +€36,567 | +124% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €25,440 | €62,007 | +€36,567 | +144% |
| Profit (loss) carried forward | 14 | -€94,926 | -€94,926 | = | 0.0% |
| Amounts payable | 17/49 | €303,265 | €257,285 | -€45,980 | -15.2% |
| Amounts payable within one year | 42/48 | €303,265 | €257,285 | -€45,980 | -15.2% |
| Trade debts | 44 | €52,771 | €502 | -€52,269 | -99.0% |
| Suppliers | 440/4 | €52,771 | €502 | -€52,269 | -99.0% |
| Taxes, remuneration and social security | 45 | €4,393 | €6,880 | +€2,488 | +56.6% |
| Taxes | 450/3 | €4,393 | €6,880 | +€2,488 | +56.6% |
| Other amounts payable | 47/48 | €246,102 | €249,903 | +€3,801 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,330 | €5,161 | -€1,168 | -18.5% |
| Gross operating margin | 9900 | -€723 | €45,429 | +€46,152 | |
| Operating profit (loss) | 9901 | -€7,053 | €40,267 | +€47,320 | |
| Financial charges | 65/66B | €74 | €44 | -€31 | -41.2% |
| Recurring financial charges | 65 | €74 | €44 | -€31 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,127 | €40,224 | +€47,351 | |
| Income taxes | 67/77 | - | €3,657 | +€3,657 | |
| Profit (loss) for the period | 9904 | -€7,127 | €36,567 | +€43,694 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,127 | €36,567 | +€43,694 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.