TL Racing: what changed
Two fiscal 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.
TL Racing
Largest movements
- Tangible fixed assets +€8,400
new in 2022: €8,400
- Cash -€4,848
down €4,848 (-56.8%), from €8,539 to €3,691
mainly Investment in fixed assets (net) (-€10,500) and Receivables within one year (-€3,892)
- Receivables within one year +€3,892
up €3,892 (+1297.3%), from €300 to €4,192
of which Other amounts receivable: +€2,565
- Debts within one year +€7,111
up €7,111 (+227.5%), from €3,125 to €10,236
- Profit (loss) carried forward +€334
up €334 (+5.8%), from €5,713 to €6,047
- Gross operating margin -€2,853
down €2,853 (-50.0%), from €5,710 to €2,857
- Depreciation +€2,100
new in 2022: €2,100
- Other operating charges +€430
new in 2022: €430
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,839 | €16,283 | +€7,444 | +84.2% |
| Fixed assets | 21/28 | - | €8,400 | +€8,400 | |
| Tangible fixed assets | 22/27 | - | €8,400 | +€8,400 | |
| Furniture and vehicles | 24 | - | €8,400 | +€8,400 | |
| Current assets | 29/58 | €8,839 | €7,883 | -€956 | -10.8% |
| Amounts receivable within one year | 40/41 | €300 | €4,192 | +€3,892 | +1297.3% |
| Trade receivables | 40 | €300 | €1,627 | +€1,327 | +442.3% |
| Other amounts receivable | 41 | - | €2,565 | +€2,565 | |
| Cash at bank and in hand | 54/58 | €8,539 | €3,691 | -€4,848 | -56.8% |
| Total equity and liabilities | 10/49 | €8,839 | €16,283 | +€7,444 | +84.2% |
| Equity | 10/15 | €5,713 | €6,047 | +€334 | +5.8% |
| Profit (loss) carried forward | 14 | €5,713 | €6,047 | +€334 | +5.8% |
| Amounts payable | 17/49 | €3,125 | €10,236 | +€7,111 | +227.5% |
| Amounts payable within one year | 42/48 | €3,125 | €10,236 | +€7,111 | +227.5% |
| Trade debts | 44 | - | €612 | +€612 | |
| Suppliers | 440/4 | - | €612 | +€612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,100 | +€2,100 | |
| Other operating charges | 640/8 | - | €430 | +€430 | |
| Gross operating margin | 9900 | €5,710 | €2,857 | -€2,853 | -50.0% |
| Operating profit (loss) | 9901 | €5,710 | €327 | -€5,383 | -94.3% |
| Financial income | 75/76B | €3 | €19 | +€16 | +452.3% |
| Recurring financial income | 75 | €3 | €19 | +€16 | +452.3% |
| Financial charges | 65/66B | €0 | €12 | +€12 | +17042.9% |
| Recurring financial charges | 65 | €0 | €12 | +€12 | +17042.9% |
| Profit (loss) for the period before taxes | 9903 | €5,713 | €334 | -€5,379 | -94.2% |
| Profit (loss) for the period | 9904 | €5,713 | €334 | -€5,379 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,713 | €334 | -€5,379 | -94.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.