CHALLUX: 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.
CHALLUX
Largest movements
- Tangible fixed assets -€222,878
down €222,878 (-21.4%), from €1.0m to €819,110
of which Land and buildings: -€234,724
- Deferred charges and accrued income +€52,633
up €52,633 (+1239.6%), from €4,246 to €56,879
- Cash +€32,465
up €32,465 (+215.0%), from €15,101 to €47,566
mainly Investment in fixed assets (net) (+€179,630) and Net result for the year (+€73,431)
- Receivables within one year +€13,476
up €13,476 (+34.0%), from €39,599 to €53,075
of which Other amounts receivable: +€10,765
- Debts after one year -€182,725
down €182,725 (-27.2%), from €670,874 to €488,149
of which Financial debts: -€182,725
- Profit (loss) carried forward +€50,907
up €50,907, from -€50,907 to €0
- Other debts -€29,158
down €29,158 (-7.4%), from €392,980 to €363,822
- Reserves +€22,524
new in 2026: €22,524
- Gross operating margin +€37,350
up €37,350 (+27.8%), from €134,455 to €171,805
- Financial charges -€10,634
down €10,634 (-21.7%), from €49,053 to €38,419
- Taxes +€6,758
new in 2026: €6,758
- Depreciation -€1,919
down €1,919 (-4.2%), from €45,166 to €43,248
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,102,584 | €978,279 | -€124,305 | -11.3% |
| Fixed assets | 21/28 | €1,043,638 | €820,760 | -€222,878 | -21.4% |
| Tangible fixed assets | 22/27 | €1,041,988 | €819,110 | -€222,878 | -21.4% |
| Land and buildings | 22 | €1,038,403 | €803,679 | -€234,724 | -22.6% |
| Plant, machinery and equipment | 23 | €2,586 | €1,088 | -€1,498 | -57.9% |
| Furniture and vehicles | 24 | €999 | €14,343 | +€13,344 | +1336.1% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €58,946 | €157,520 | +€98,573 | +167.2% |
| Amounts receivable within one year | 40/41 | €39,599 | €53,075 | +€13,476 | +34.0% |
| Trade receivables | 40 | €39,599 | €42,309 | +€2,710 | +6.8% |
| Other amounts receivable | 41 | - | €10,765 | +€10,765 | |
| Cash at bank and in hand | 54/58 | €15,101 | €47,566 | +€32,465 | +215.0% |
| Deferred charges and accrued income | 490/1 | €4,246 | €56,879 | +€52,633 | +1239.6% |
| Total equity and liabilities | 10/49 | €1,102,584 | €978,279 | -€124,305 | -11.3% |
| Equity | 10/15 | -€44,107 | €29,324 | +€73,431 | |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | - | €22,524 | +€22,524 | |
| Distributable reserves | 133 | - | €22,524 | +€22,524 | |
| Profit (loss) carried forward | 14 | -€50,907 | €0 | +€50,907 | |
| Amounts payable | 17/49 | €1,146,691 | €948,955 | -€197,736 | -17.2% |
| Amounts payable after more than one year | 17 | €670,874 | €488,149 | -€182,725 | -27.2% |
| Financial debts | 170/4 | €670,874 | €488,149 | -€182,725 | -27.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €475,817 | €460,806 | -€15,011 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €75,710 | €75,498 | -€212 | -0.3% |
| Trade debts | 44 | €4,809 | €12,735 | +€7,926 | +164.8% |
| Suppliers | 440/4 | €4,809 | €12,735 | +€7,926 | +164.8% |
| Taxes, remuneration and social security | 45 | €2,318 | €8,751 | +€6,433 | +277.4% |
| Taxes | 450/3 | €2,318 | €8,751 | +€6,433 | +277.4% |
| Other amounts payable | 47/48 | €392,980 | €363,822 | -€29,158 | -7.4% |
| Non-recurring operating income | 76A | - | €83,122 | +€83,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,166 | €43,248 | -€1,919 | -4.2% |
| Other operating charges | 640/8 | €8,747 | €10,023 | +€1,275 | +14.6% |
| Non-recurring operating charges | 66A | €1,095 | €372 | -€723 | -66.0% |
| Gross operating margin | 9900 | €134,455 | €171,805 | +€37,350 | +27.8% |
| Operating profit (loss) | 9901 | €79,446 | €118,162 | +€38,716 | +48.7% |
| Financial income | 75/76B | €137 | €446 | +€309 | +224.7% |
| Recurring financial income | 75 | €137 | €446 | +€309 | +224.7% |
| Financial charges | 65/66B | €49,053 | €38,419 | -€10,634 | -21.7% |
| Recurring financial charges | 65 | €49,053 | €38,419 | -€10,634 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €30,531 | €80,189 | +€49,658 | +162.6% |
| Income taxes | 67/77 | - | €6,758 | +€6,758 | |
| Profit (loss) for the period | 9904 | €30,531 | €73,431 | +€42,900 | +140.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,531 | €73,431 | +€42,900 | +140.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.