CHALLENG'HAIR: 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.
CHALLENG'HAIR
Largest movements
- Tangible fixed assets -€22,985
down €22,985 (-41.2%), from €55,810 to €32,825
of which Other tangible fixed assets: -€14,599
- Intangible fixed assets -€20,000
down €20,000 (-11.1%), from €179,967 to €159,967
- Cash +€8,944
up €8,944 (+18.9%), from €47,369 to €56,313
mainly Depreciation (+€47,170) and Stocks and contracts (+€8,330)
- Stocks and contracts -€8,330
down €8,330 (-21.6%), from €38,595 to €30,265
- Receivables within one year -€8,188
down €8,188 (-87.5%), from €9,354 to €1,166
- Debts after one year -€51,912
down €51,912 (-19.4%), from €268,128 to €216,216
of which Other amounts payable: -€41,250
- Trade debts -€7,085
down €7,085 (-58.4%), from €12,130 to €5,046
- Profit (loss) carried forward +€6,545
up €6,545 (+150%), from €4,361 to €10,906
- Staff costs +€8,183
up €8,183 (+4.9%), from €165,435 to €173,618
- Financial charges -€5,862
down €5,862 (-44.6%), from €13,153 to €7,290
- Gross operating margin +€4,972
up €4,972 (+2.1%), from €231,753 to €236,725
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 | €338,733 | €287,424 | -€51,308 | -15.1% |
| Formation expenses | 20 | €1,961 | €994 | -€967 | -49.3% |
| Fixed assets | 21/28 | €235,777 | €192,793 | -€42,985 | -18.2% |
| Intangible fixed assets | 21 | €179,967 | €159,967 | -€20,000 | -11.1% |
| Tangible fixed assets | 22/27 | €55,810 | €32,825 | -€22,985 | -41.2% |
| Furniture and vehicles | 24 | €23,774 | €15,388 | -€8,386 | -35.3% |
| Other tangible fixed assets | 26 | €32,036 | €17,437 | -€14,599 | -45.6% |
| Current assets | 29/58 | €100,994 | €93,638 | -€7,357 | -7.3% |
| Stocks and contracts in progress | 3 | €38,595 | €30,265 | -€8,330 | -21.6% |
| Stocks | 30/36 | €38,595 | €30,265 | -€8,330 | -21.6% |
| Amounts receivable within one year | 40/41 | €9,354 | €1,166 | -€8,188 | -87.5% |
| Trade receivables | 40 | €9,354 | €1,166 | -€8,188 | -87.5% |
| Cash at bank and in hand | 54/58 | €47,369 | €56,313 | +€8,944 | +18.9% |
| Deferred charges and accrued income | 490/1 | €5,677 | €5,894 | +€217 | +3.8% |
| Total equity and liabilities | 10/49 | €338,733 | €287,424 | -€51,308 | -15.1% |
| Equity | 10/15 | €19,361 | €25,906 | +€6,545 | +33.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,361 | €10,906 | +€6,545 | +150% |
| Amounts payable | 17/49 | €319,371 | €261,518 | -€57,853 | -18.1% |
| Amounts payable after more than one year | 17 | €268,128 | €216,216 | -€51,912 | -19.4% |
| Financial debts | 170/4 | €20,609 | €9,947 | -€10,662 | -51.7% |
| Other amounts payable | 178/9 | €247,519 | €206,269 | -€41,250 | -16.7% |
| Amounts payable within one year | 42/48 | €51,194 | €45,270 | -€5,924 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €11,333 | €11,542 | +€209 | +1.8% |
| Trade debts | 44 | €12,130 | €5,046 | -€7,085 | -58.4% |
| Suppliers | 440/4 | €12,130 | €5,046 | -€7,085 | -58.4% |
| Taxes, remuneration and social security | 45 | €27,731 | €28,682 | +€951 | +3.4% |
| Taxes | 450/3 | €10,332 | €8,812 | -€1,520 | -14.7% |
| Remuneration and social security | 454/9 | €17,399 | €19,870 | +€2,471 | +14.2% |
| Accrued charges and deferred income | 492/3 | €49 | €33 | -€16 | -32.7% |
| Remuneration, social security and pensions | 62 | €165,435 | €173,618 | +€8,183 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,174 | €47,170 | +€996 | +2.2% |
| Other operating charges | 640/8 | €719 | €990 | +€271 | +37.7% |
| Gross operating margin | 9900 | €231,753 | €236,725 | +€4,972 | +2.1% |
| Operating profit (loss) | 9901 | €19,425 | €14,948 | -€4,478 | -23.1% |
| Financial income | 75/76B | €0 | €62 | +€62 | +89,057% |
| Recurring financial income | 75 | €0 | €62 | +€62 | +89,057% |
| Financial charges | 65/66B | €13,153 | €7,290 | -€5,862 | -44.6% |
| Recurring financial charges | 65 | €13,153 | €7,290 | -€5,862 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €6,273 | €7,720 | +€1,447 | +23.1% |
| Income taxes | 67/77 | €1,911 | €1,175 | -€736 | -38.5% |
| Profit (loss) for the period | 9904 | €4,361 | €6,545 | +€2,183 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,361 | €6,545 | +€2,183 | +50.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.