vdbstijnracing: 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.
vdbstijnracing
Largest movements
- Cash +€68,617
up €68,617 (+116.4%), from €58,932 to €127,550
mainly Receivables within one year (+€39,405) and Net result for the year (+€25,000)
- Receivables within one year -€39,405
down €39,405 (-96.0%), from €41,061 to €1,656
- Tangible fixed assets +€7,041
new in 2025: €7,041
- Reserves +€14,468
new in 2025: €14,468
- Profit (loss) carried forward +€9,700
no longer reported in 2025 (was -€9,700)
- Accrued charges and deferred income +€5,994
up €5,994 (+398.8%), from €1,503 to €7,497
- Tax, wage and social debts +€3,540
new in 2025: €3,540
- Gross operating margin +€42,315
up €42,315 (+2938.5%), from €1,440 to €43,755
- Taxes +€8,344
new in 2025: €8,344
- Financial charges +€6,330
up €6,330 (+4521.5%), from €140 to €6,470
- Depreciation +€2,876
new in 2025: €2,876
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 | €99,993 | €136,247 | +€36,253 | +36.3% |
| Fixed assets | 21/28 | - | €7,041 | +€7,041 | |
| Tangible fixed assets | 22/27 | - | €7,041 | +€7,041 | |
| Furniture and vehicles | 24 | - | €7,041 | +€7,041 | |
| Current assets | 29/58 | €99,993 | €129,205 | +€29,212 | +29.2% |
| Amounts receivable within one year | 40/41 | €41,061 | €1,656 | -€39,405 | -96.0% |
| Other amounts receivable | 41 | €41,061 | €1,656 | -€39,405 | -96.0% |
| Cash at bank and in hand | 54/58 | €58,932 | €127,550 | +€68,617 | +116.4% |
| Total equity and liabilities | 10/49 | €99,993 | €136,247 | +€36,253 | +36.3% |
| Equity | 10/15 | €8,900 | €33,068 | +€24,167 | +271.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €14,468 | +€14,468 | |
| Distributable reserves | 133 | - | €14,468 | +€14,468 | |
| Profit (loss) carried forward | 14 | -€9,700 | - | +€9,700 | |
| Amounts payable | 17/49 | €91,093 | €103,179 | +€12,086 | +13.3% |
| Amounts payable within one year | 42/48 | €89,590 | €95,682 | +€6,092 | +6.8% |
| Trade debts | 44 | €375 | €1,706 | +€1,331 | +354.9% |
| Suppliers | 440/4 | €375 | €1,706 | +€1,331 | +354.9% |
| Taxes, remuneration and social security | 45 | - | €3,540 | +€3,540 | |
| Taxes | 450/3 | - | €3,540 | +€3,540 | |
| Other amounts payable | 47/48 | €89,215 | €90,435 | +€1,220 | +1.4% |
| Accrued charges and deferred income | 492/3 | €1,503 | €7,497 | +€5,994 | +398.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,876 | +€2,876 | |
| Other operating charges | 640/8 | €1,266 | €1,064 | -€202 | -16.0% |
| Gross operating margin | 9900 | €1,440 | €43,755 | +€42,315 | +2938.5% |
| Operating profit (loss) | 9901 | €174 | €39,815 | +€39,641 | +22783.3% |
| Financial charges | 65/66B | €140 | €6,470 | +€6,330 | +4521.5% |
| Recurring financial charges | 65 | €140 | €6,470 | +€6,330 | +4521.5% |
| Profit (loss) for the period before taxes | 9903 | €34 | €33,345 | +€33,311 | +98000.9% |
| Income taxes | 67/77 | - | €8,344 | +€8,344 | |
| Profit (loss) for the period | 9904 | €34 | €25,000 | +€24,966 | +73452.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34 | €25,000 | +€24,966 | +73452.4% |
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 11 October 2026 via checked.be.