WHY NOT ? 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.
WHY NOT ? RACING
Largest movements
- Cash -€11,227
down €11,227 (-94.4%), from €11,888 to €662
mainly Investment in fixed assets (net) (-€37,647) and Net result for the year (-€19,699)
- Tangible fixed assets +€7,774
up €7,774 (+15.3%), from €50,659 to €58,433
of which Furniture and vehicles: +€8,211
- Receivables within one year -€5,414
down €5,414 (-38.1%), from €14,221 to €8,807
of which Trade receivables: -€12,326
- Profit (loss) carried forward -€19,699
down €19,699 (-31.1%), from €63,410 to €43,711
- Debts within one year +€10,832
up €10,832 (+66.2%), from €16,359 to €27,191
- Purchases and services -€31,540
down €31,540 (-43.7%), from €72,174 to €40,634
- Turnover -€20,788
down €20,788 (-52.1%), from €39,888 to €19,100
- Depreciation -€3,624
down €3,624 (-10.8%), from €33,496 to €29,872
- Gross operating margin +€3,430
up €3,430 (+38.0%), from €9,036 to €12,466
- Financial charges -€889
down €889 (-29.3%), from €3,036 to €2,147
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,769 | €70,902 | -€8,867 | -11.1% |
| Fixed assets | 21/28 | €53,659 | €61,433 | +€7,774 | +14.5% |
| Tangible fixed assets | 22/27 | €50,659 | €58,433 | +€7,774 | +15.3% |
| Plant, machinery and equipment | 23 | €876 | €439 | -€437 | -49.9% |
| Furniture and vehicles | 24 | €49,784 | €57,995 | +€8,211 | +16.5% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €26,109 | €9,469 | -€16,641 | -63.7% |
| Amounts receivable within one year | 40/41 | €14,221 | €8,807 | -€5,414 | -38.1% |
| Trade receivables | 40 | €13,337 | €1,011 | -€12,326 | -92.4% |
| Other amounts receivable | 41 | €884 | €7,797 | +€6,913 | +782% |
| Cash at bank and in hand | 54/58 | €11,888 | €662 | -€11,227 | -94.4% |
| Total equity and liabilities | 10/49 | €79,769 | €70,902 | -€8,867 | -11.1% |
| Equity | 10/15 | €63,410 | €43,711 | -€19,699 | -31.1% |
| Profit (loss) carried forward | 14 | €63,410 | €43,711 | -€19,699 | -31.1% |
| Amounts payable | 17/49 | €16,359 | €27,191 | +€10,832 | +66.2% |
| Amounts payable within one year | 42/48 | €16,359 | €27,191 | +€10,832 | +66.2% |
| Trade debts | 44 | €3,900 | €2,322 | -€1,578 | -40.5% |
| Suppliers | 440/4 | €3,900 | €2,322 | -€1,578 | -40.5% |
| Turnover | 70 | €39,888 | €19,100 | -€20,788 | -52.1% |
| Non-recurring operating income | 76A | €41,322 | €34,000 | -€7,322 | -17.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €72,174 | €40,634 | -€31,540 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,496 | €29,872 | -€3,624 | -10.8% |
| Other operating charges | 640/8 | €673 | €145 | -€528 | -78.5% |
| Gross operating margin | 9900 | €9,036 | €12,466 | +€3,430 | +38.0% |
| Operating profit (loss) | 9901 | -€25,133 | -€17,552 | +€7,581 | +30.2% |
| Financial charges | 65/66B | €3,036 | €2,147 | -€889 | -29.3% |
| Recurring financial charges | 65 | €3,036 | €2,147 | -€889 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,169 | -€19,699 | +€8,470 | +30.1% |
| Profit (loss) for the period | 9904 | -€28,169 | -€19,699 | +€8,470 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,169 | -€19,699 | +€8,470 | +30.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.