CHALLENGER R.B.: 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.
What changed
CHALLENGER R.B.
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€37,239
2023 · -€67,455+€104,693
Equity
€6,214
2023 · -€31,025+€37,239
Cash
€95,437
2023 · €65,528+€29,910
Balance sheet total
€418,987
2023 · €408,589+€10,397
Largest movements
Assets
- Cash +€29,910
up €29,910 (+45.6%), from €65,528 to €95,437
mainly Net result for the year (+€37,239) and Depreciation (+€30,395)
- Receivables within one year -€27,718
down €27,718 (-81.5%), from €33,998 to €6,280
of which Trade receivables: -€15,769
- Stocks and contracts +€5,042
up €5,042 (+11.4%), from €44,073 to €49,115
Equity and liabilities
- Profit (loss) carried forward +€37,239
up €37,239 (+75.9%), from -€49,081 to -€11,843
- Debts after one year -€33,451
down €33,451 (-14.1%), from €237,680 to €204,228
Income statement
- Gross operating margin +€137,415
up €137,415 (+54.8%), from €250,570 to €387,984
- Staff costs +€27,480
up €27,480 (+10.5%), from €261,307 to €288,787
From the 2023 result to the 2024 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.
Result 2023
-€67,455
Gross operating margin
+€137,415
Staff costs
-€27,480
Depreciation
-€1,017
Other operating charges
-€2,148
Other operating items
-€1,915
Financial charges
-€155
Taxes
-€6
Result 2024
€37,239
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€95,140
Investment
-€32,447
Financing
-€32,784
Cash 2023
€65,528
From operations (derived)
+€95,140
Net result for the year
+€37,239
Depreciation
+€30,395
Stocks and contracts
-€5,042
Receivables within one year
+€27,718
Deferred charges and accrued income
-€1,112
Trade debts
+€3,718
Tax, wage and social debts
+€2,793
Accrued charges and deferred income
-€568
Investment (derived)
-€32,447
Investment in fixed assets (net)
-€32,447
Financing
-€32,784
Debts after one year
-€33,451
Current portion of long-term debt
+€667
Cash 2024
€95,437
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €408,589 | €418,987 | +€10,397 | +2.5% |
| Fixed assets | 21/28 | €249,809 | €251,861 | +€2,052 | +0.8% |
| Tangible fixed assets | 22/27 | €243,723 | €245,774 | +€2,052 | +0.8% |
| Plant, machinery and equipment | 23 | €240,053 | €216,486 | -€23,567 | -9.8% |
| Furniture and vehicles | 24 | €3,670 | €27,217 | +€23,547 | +642% |
| Other tangible fixed assets | 26 | - | €2,071 | +€2,071 | |
| Financial fixed assets | 28 | €6,087 | €6,087 | = | 0.0% |
| Current assets | 29/58 | €158,780 | €167,126 | +€8,346 | +5.3% |
| Stocks and contracts in progress | 3 | €44,073 | €49,115 | +€5,042 | +11.4% |
| Stocks | 30/36 | €44,073 | €49,115 | +€5,042 | +11.4% |
| Amounts receivable within one year | 40/41 | €33,998 | €6,280 | -€27,718 | -81.5% |
| Trade receivables | 40 | €17,992 | €2,223 | -€15,769 | -87.6% |
| Other amounts receivable | 41 | €16,006 | €4,057 | -€11,949 | -74.7% |
| Cash at bank and in hand | 54/58 | €65,528 | €95,437 | +€29,910 | +45.6% |
| Deferred charges and accrued income | 490/1 | €15,181 | €16,293 | +€1,112 | +7.3% |
| Total equity and liabilities | 10/49 | €408,589 | €418,987 | +€10,397 | +2.5% |
| Equity | 10/15 | -€31,025 | €6,214 | +€37,239 | |
| Contributions | 10/11 | €16,197 | €16,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,081 | -€11,843 | +€37,239 | +75.9% |
| Amounts payable | 17/49 | €439,614 | €412,773 | -€26,841 | -6.1% |
| Amounts payable after more than one year | 17 | €237,680 | €204,228 | -€33,451 | -14.1% |
| Financial debts | 170/4 | €237,680 | €204,228 | -€33,451 | -14.1% |
| Amounts payable within one year | 42/48 | €201,366 | €208,544 | +€7,179 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €32,784 | €33,451 | +€667 | +2.0% |
| Trade debts | 44 | €117,919 | €121,637 | +€3,718 | +3.2% |
| Suppliers | 440/4 | €117,919 | €121,637 | +€3,718 | +3.2% |
| Taxes, remuneration and social security | 45 | €50,663 | €53,456 | +€2,793 | +5.5% |
| Taxes | 450/3 | €12,031 | €8,363 | -€3,668 | -30.5% |
| Remuneration and social security | 454/9 | €38,632 | €45,094 | +€6,462 | +16.7% |
| Accrued charges and deferred income | 492/3 | €568 | - | -€568 | |
| Non-recurring operating income | 76A | €22 | €30,006 | +€29,984 | +138,817% |
| Remuneration, social security and pensions | 62 | €261,307 | €288,787 | +€27,480 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,378 | €30,395 | +€1,017 | +3.5% |
| Other operating charges | 640/8 | €4,653 | €6,802 | +€2,148 | +46.2% |
| Non-recurring operating charges | 66A | €39 | €1,954 | +€1,915 | +4,970% |
| Gross operating margin | 9900 | €250,570 | €387,984 | +€137,415 | +54.8% |
| Operating profit (loss) | 9901 | -€44,807 | €60,047 | +€104,854 | |
| Financial charges | 65/66B | €22,449 | €22,603 | +€155 | +0.7% |
| Recurring financial charges | 65 | €22,449 | €22,603 | +€155 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€67,256 | €37,443 | +€104,699 | |
| Income taxes | 67/77 | €199 | €205 | +€6 | +3.0% |
| Profit (loss) for the period | 9904 | -€67,455 | €37,239 | +€104,693 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,455 | €37,239 | +€104,693 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.