CHALLENGE SHOES: 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 SHOES
Largest movements
- Intangible fixed assets -€6,145
down €6,145 (-26.8%), from €22,963 to €16,818
- Stocks and contracts +€5,925
up €5,925 (+20.4%), from €28,996 to €34,921
- Cash +€2,889
up €2,889 (+166%), from €1,736 to €4,625
mainly Other debts (+€10,182) and Depreciation (+€6,145)
- Tax, wage and social debts -€12,359
down €12,359 (-29.3%), from €42,159 to €29,799
of which Taxes: -€17,178
- Other debts +€10,182
up €10,182 (+58.5%), from €17,396 to €27,578
- Trade debts +€4,257
up €4,257 (+49.6%), from €8,587 to €12,844
- Financial charges +€973
up €973 (+252%), from €386 to €1,359
- Other operating charges -€832
down €832 (-50.9%), from €1,636 to €804
- Staff costs +€455
up €455 (+10.3%), from €4,399 to €4,854
- Gross operating margin -€263
down €263 (-1.8%), from €14,673 to €14,410
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 | €82,567 | €85,313 | +€2,746 | +3.3% |
| Fixed assets | 21/28 | €38,563 | €32,418 | -€6,145 | -15.9% |
| Intangible fixed assets | 21 | €22,963 | €16,818 | -€6,145 | -26.8% |
| Financial fixed assets | 28 | €15,600 | €15,600 | = | 0.0% |
| Current assets | 29/58 | €44,004 | €52,894 | +€8,891 | +20.2% |
| Stocks and contracts in progress | 3 | €28,996 | €34,921 | +€5,925 | +20.4% |
| Stocks | 30/36 | €28,996 | €34,921 | +€5,925 | +20.4% |
| Amounts receivable within one year | 40/41 | €13,272 | €13,278 | +€6 | 0.0% |
| Trade receivables | 40 | €12,780 | €12,780 | = | 0.0% |
| Other amounts receivable | 41 | €492 | €498 | +€6 | +1.3% |
| Cash at bank and in hand | 54/58 | €1,736 | €4,625 | +€2,889 | +166% |
| Deferred charges and accrued income | 490/1 | - | €70 | +€70 | |
| Total equity and liabilities | 10/49 | €82,567 | €85,313 | +€2,746 | +3.3% |
| Equity | 10/15 | €14,425 | €15,091 | +€666 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Profit (loss) carried forward | 14 | €8,225 | €8,891 | +€666 | +8.1% |
| Amounts payable | 17/49 | €68,142 | €70,222 | +€2,080 | +3.1% |
| Amounts payable within one year | 42/48 | €68,142 | €70,222 | +€2,080 | +3.1% |
| Trade debts | 44 | €8,587 | €12,844 | +€4,257 | +49.6% |
| Suppliers | 440/4 | €8,587 | €12,844 | +€4,257 | +49.6% |
| Taxes, remuneration and social security | 45 | €42,159 | €29,799 | -€12,359 | -29.3% |
| Taxes | 450/3 | €34,657 | €17,480 | -€17,178 | -49.6% |
| Remuneration and social security | 454/9 | €7,501 | €12,320 | +€4,818 | +64.2% |
| Other amounts payable | 47/48 | €17,396 | €27,578 | +€10,182 | +58.5% |
| Remuneration, social security and pensions | 62 | €4,399 | €4,854 | +€455 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,145 | €6,145 | = | 0.0% |
| Other operating charges | 640/8 | €1,636 | €804 | -€832 | -50.9% |
| Gross operating margin | 9900 | €14,673 | €14,410 | -€263 | -1.8% |
| Operating profit (loss) | 9901 | €2,493 | €2,608 | +€115 | +4.6% |
| Financial charges | 65/66B | €386 | €1,359 | +€973 | +252% |
| Recurring financial charges | 65 | €386 | €1,359 | +€973 | +252% |
| Profit (loss) for the period before taxes | 9903 | €2,107 | €1,249 | -€858 | -40.7% |
| Income taxes | 67/77 | €455 | €583 | +€129 | +28.3% |
| Profit (loss) for the period | 9904 | €1,652 | €666 | -€987 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,652 | €666 | -€987 | -59.7% |
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 19 October 2026 via checked.be.