VUKCEVIC 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.
VUKCEVIC RACING
Largest movements
- Receivables within one year +€123,576
up €123,576 (+93.2%), from €132,521 to €256,097
of which Trade receivables: +€123,577
- Cash -€14,675
down €14,675 (-97.7%), from €15,020 to €344
mainly Receivables within one year (-€123,576) and Debts after one year (-€24,714)
- Other debts +€74,923
up €74,923 (+32.1%), from €233,069 to €307,992
- Advances received +€42,194
up €42,194 (+844%), from €5,000 to €47,194
- Debts after one year -€24,714
down €24,714 (-10.2%), from €243,214 to €218,500
- Gross operating margin +€6,663
up €6,663 (+31.5%), from €21,135 to €27,798
- Financial charges +€4,269
up €4,269 (+22.7%), from €18,776 to €23,045
- Taxes +€845
up €845 (+147%), from €575 to €1,420
- Other operating charges -€505
down €505 (-56.5%), from €895 to €389
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 | €592,300 | €694,109 | +€101,809 | +17.2% |
| Fixed assets | 21/28 | €2,776 | €1,684 | -€1,092 | -39.3% |
| Tangible fixed assets | 22/27 | €1,776 | €684 | -€1,092 | -61.5% |
| Plant, machinery and equipment | 23 | €443 | - | -€443 | |
| Other tangible fixed assets | 26 | €1,333 | €684 | -€649 | -48.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €589,524 | €692,425 | +€102,900 | +17.5% |
| Stocks and contracts in progress | 3 | €441,983 | €435,983 | -€6,000 | -1.4% |
| Stocks | 30/36 | €441,983 | €435,983 | -€6,000 | -1.4% |
| Amounts receivable within one year | 40/41 | €132,521 | €256,097 | +€123,576 | +93.2% |
| Trade receivables | 40 | €132,520 | €256,097 | +€123,577 | +93.3% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €15,020 | €344 | -€14,675 | -97.7% |
| Total equity and liabilities | 10/49 | €592,300 | €694,109 | +€101,809 | +17.2% |
| Equity | 10/15 | €31,134 | €32,986 | +€1,852 | +5.9% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Contributions outside capital | 11 | €74,400 | €74,400 | = | 0.0% |
| Other | 1109/19 | €74,400 | €74,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,266 | -€41,414 | +€1,852 | +4.3% |
| Amounts payable | 17/49 | €561,165 | €661,122 | +€99,957 | +17.8% |
| Amounts payable after more than one year | 17 | €243,214 | €218,500 | -€24,714 | -10.2% |
| Financial debts | 170/4 | €243,214 | €218,500 | -€24,714 | -10.2% |
| Amounts payable within one year | 42/48 | €317,951 | €442,622 | +€124,671 | +39.2% |
| Financial debts | 43 | - | €355 | +€355 | |
| Credit institutions | 430/8 | - | €355 | +€355 | |
| Trade debts | 44 | €71,781 | €77,254 | +€5,473 | +7.6% |
| Suppliers | 440/4 | €71,781 | €77,254 | +€5,473 | +7.6% |
| Advances received on contracts in progress | 46 | €5,000 | €47,194 | +€42,194 | +844% |
| Taxes, remuneration and social security | 45 | €8,101 | €9,827 | +€1,726 | +21.3% |
| Taxes | 450/3 | €8,101 | €9,827 | +€1,726 | +21.3% |
| Other amounts payable | 47/48 | €233,069 | €307,992 | +€74,923 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,352 | €1,092 | -€260 | -19.3% |
| Other operating charges | 640/8 | €895 | €389 | -€505 | -56.5% |
| Gross operating margin | 9900 | €21,135 | €27,798 | +€6,663 | +31.5% |
| Operating profit (loss) | 9901 | €18,888 | €26,317 | +€7,429 | +39.3% |
| Financial charges | 65/66B | €18,776 | €23,045 | +€4,269 | +22.7% |
| Recurring financial charges | 65 | €18,776 | €23,045 | +€4,269 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €113 | €3,272 | +€3,159 | +2,804% |
| Income taxes | 67/77 | €575 | €1,420 | +€845 | +147% |
| Profit (loss) for the period | 9904 | -€462 | €1,852 | +€2,314 | |
| Profit (loss) for the period to be appropriated | 9905 | -€462 | €1,852 | +€2,314 |
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 28 October 2026 via checked.be.