CHALLENGE OFFICE PARK: 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.
CHALLENGE OFFICE PARK
Largest movements
- Cash +€330,696
up €330,696 (+28,022%), from €1,180 to €331,876
mainly Debts after one year (+€754,214) and Depreciation (+€494,556)
- Tangible fixed assets -€240,833
down €240,833 (-1.7%), from €14.0m to €13.8m
of which Land and buildings: -€494,556
- Receivables within one year -€202,803
down €202,803 (-67.2%), from €302,006 to €99,203
- Debts after one year +€754,214
up €754,214 (+7.1%), from €10.7m to €11.4m
- Other debts -€423,931
down €423,931 (-81.6%), from €519,214 to €95,283
- Profit (loss) carried forward -€409,313
down €409,313 (-13.6%), from -€3.0m to -€3.4m
- Financial charges -€105,764
down €105,764 (-16.4%), from €643,792 to €538,028
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 | €14,359,357 | €14,246,339 | -€113,018 | -0.8% |
| Fixed assets | 21/28 | €14,029,845 | €13,789,012 | -€240,833 | -1.7% |
| Tangible fixed assets | 22/27 | €14,029,845 | €13,789,012 | -€240,833 | -1.7% |
| Land and buildings | 22 | €13,503,134 | €13,008,578 | -€494,556 | -3.7% |
| Assets under construction and advance payments | 27 | €526,712 | €780,435 | +€253,723 | +48.2% |
| Current assets | 29/58 | €329,512 | €457,326 | +€127,814 | +38.8% |
| Amounts receivable within one year | 40/41 | €302,006 | €99,203 | -€202,803 | -67.2% |
| Trade receivables | 40 | €302,006 | €99,203 | -€202,803 | -67.2% |
| Cash at bank and in hand | 54/58 | €1,180 | €331,876 | +€330,696 | +28,022% |
| Deferred charges and accrued income | 490/1 | €26,325 | €26,247 | -€78 | -0.3% |
| Total equity and liabilities | 10/49 | €14,359,357 | €14,246,339 | -€113,018 | -0.8% |
| Equity | 10/15 | €2,898,526 | €2,489,213 | -€409,313 | -14.1% |
| Contributions | 10/11 | €5,900,000 | €5,900,000 | = | 0.0% |
| Capital | 10 | €5,900,000 | €5,900,000 | = | 0.0% |
| Issued capital | 100 | €5,900,000 | €5,900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,001,474 | -€3,410,787 | -€409,313 | -13.6% |
| Amounts payable | 17/49 | €11,460,831 | €11,757,125 | +€296,294 | +2.6% |
| Amounts payable after more than one year | 17 | €10,676,278 | €11,430,493 | +€754,214 | +7.1% |
| Financial debts | 170/4 | €10,676,278 | €11,430,493 | +€754,214 | +7.1% |
| Amounts payable within one year | 42/48 | €594,806 | €131,495 | -€463,311 | -77.9% |
| Trade debts | 44 | €73,059 | €25,910 | -€47,150 | -64.5% |
| Suppliers | 440/4 | €73,059 | €25,910 | -€47,150 | -64.5% |
| Taxes, remuneration and social security | 45 | €2,532 | €10,302 | +€7,770 | +307% |
| Taxes | 450/3 | €2,532 | €10,302 | +€7,770 | +307% |
| Other amounts payable | 47/48 | €519,214 | €95,283 | -€423,931 | -81.6% |
| Accrued charges and deferred income | 492/3 | €189,747 | €195,137 | +€5,391 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495,818 | €494,556 | -€1,262 | -0.3% |
| Other operating charges | 640/8 | €2,068 | €1,143 | -€926 | -44.8% |
| Gross operating margin | 9900 | €616,933 | €621,962 | +€5,029 | +0.8% |
| Operating profit (loss) | 9901 | €119,047 | €126,264 | +€7,216 | +6.1% |
| Financial income | 75/76B | €0 | €2,452 | +€2,452 | +24,518,700% |
| Recurring financial income | 75 | €0 | €2,452 | +€2,452 | +24,518,700% |
| Financial charges | 65/66B | €643,792 | €538,028 | -€105,764 | -16.4% |
| Recurring financial charges | 65 | €643,792 | €538,028 | -€105,764 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€524,745 | -€409,313 | +€115,432 | +22.0% |
| Profit (loss) for the period | 9904 | -€524,745 | -€409,313 | +€115,432 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€524,745 | -€409,313 | +€115,432 | +22.0% |
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 22 October 2026 via checked.be.