VDK 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.
VDK RACING
Largest movements
- Current assets -€82,518
down €82,518 (-41.4%), from €199,108 to €116,589
of which Receivables within one year: -€69,257
- Financial fixed assets +€6,610
new in 2022: €6,610
- Tangible fixed assets -€3,575
no longer reported in 2022 (was €3,575)
- Debts -€94,003
down €94,003 (-73.4%), from €128,124 to €34,121
- Profit (loss) carried forward +€14,520
up €14,520 (+27.6%), from €52,558 to €67,078
- Staff costs +€28,082
new in 2022: €28,082
- Gross operating margin -€12,627
down €12,627 (-21.8%), from €57,985 to €45,358
- Depreciation -€3,275
down €3,275 (-47.8%), from €6,850 to €3,575
- Taxes -€2,850
down €2,850 (-48.9%), from €5,831 to €2,981
- Other operating charges +€1,369
new in 2022: €1,369
From the 2020 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,683 | €123,199 | -€79,483 | -39.2% |
| Fixed assets | 21/28 | €3,575 | €6,610 | +€3,035 | +84.9% |
| Tangible fixed assets | 22/27 | €3,575 | - | -€3,575 | |
| Financial fixed assets | 28 | - | €6,610 | +€6,610 | |
| Current assets | 29/58 | €199,108 | €116,589 | -€82,518 | -41.4% |
| Stocks and contracts in progress | 3 | €37,400 | €57,400 | +€20,000 | +53.5% |
| Stocks | 30/36 | - | €57,400 | +€57,400 | |
| Amounts receivable within one year | 40/41 | €105,923 | €36,666 | -€69,257 | -65.4% |
| Trade receivables | 40 | - | €31,331 | +€31,331 | |
| Other amounts receivable | 41 | - | €5,335 | +€5,335 | |
| Cash at bank and in hand | 54/58 | €49,175 | €19,732 | -€29,443 | -59.9% |
| Deferred charges and accrued income | 490/1 | - | €2,791 | +€2,791 | |
| Total equity and liabilities | 10/49 | €202,683 | €123,199 | -€79,483 | -39.2% |
| Equity | 10/15 | €74,558 | €89,078 | +€14,520 | +19.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | - | €20,000 | +€20,000 | |
| Issued capital | 100 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €2,000 | +€2,000 | |
| Legal reserve | 130 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €52,558 | €67,078 | +€14,520 | +27.6% |
| Amounts payable | 17/49 | €128,124 | €34,121 | -€94,003 | -73.4% |
| Amounts payable within one year | 42/48 | €122,804 | €34,121 | -€88,683 | -72.2% |
| Financial debts | 43 | - | €96 | +€96 | |
| Other loans | 439 | - | €96 | +€96 | |
| Trade debts | 44 | €109,863 | €28,077 | -€81,786 | -74.4% |
| Suppliers | 440/4 | - | €28,077 | +€28,077 | |
| Taxes, remuneration and social security | 45 | - | €3,180 | +€3,180 | |
| Taxes | 450/3 | - | €3,100 | +€3,100 | |
| Remuneration and social security | 454/9 | - | €80 | +€80 | |
| Other amounts payable | 47/48 | - | €2,768 | +€2,768 | |
| Remuneration, social security and pensions | 62 | - | €28,082 | +€28,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,850 | €3,575 | -€3,275 | -47.8% |
| Other operating charges | 640/8 | - | €1,369 | +€1,369 | |
| Non-recurring operating charges | 66A | - | €182 | +€182 | |
| Gross operating margin | 9900 | €57,985 | €45,358 | -€12,627 | -21.8% |
| Operating profit (loss) | 9901 | €30,582 | €12,149 | -€18,433 | -60.3% |
| Financial income | 75/76B | - | €238 | +€238 | |
| Recurring financial income | 75 | €1,314 | €238 | -€1,077 | -81.9% |
| Financial charges | 65/66B | - | €676 | +€676 | |
| Recurring financial charges | 65 | €1,908 | €676 | -€1,232 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €29,988 | €11,711 | -€18,277 | -60.9% |
| Income taxes | 67/77 | €5,831 | €2,981 | -€2,850 | -48.9% |
| Profit (loss) for the period | 9904 | €24,157 | €8,730 | -€15,427 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,157 | €8,730 | -€15,427 | -63.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.