ichallenge: what changed
Two fiscal 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.
ichallenge
Largest movements
- Receivables within one year -€35,215
down €35,215 (-26.0%), from €135,317 to €100,102
of which Other amounts receivable: -€31,284
- Tangible fixed assets -€14,006
down €14,006 (-88.4%), from €15,845 to €1,839
- Intangible fixed assets +€13,746
up €13,746 (+87.2%), from €15,764 to €29,510
- Cash -€9,277
no longer reported in 2025 (was €9,277)
mainly Current portion of long-term debt (-€70,225) and Tax, wage and social debts (-€34,515)
- Deferred charges and accrued income -€4,080
no longer reported in 2025 (was €4,080)
- Current portion of long-term debt -€70,225
down €70,225 (-88.2%), from €79,660 to €9,436
- Other debts +€67,352
new in 2025: €67,352
- Tax, wage and social debts -€34,515
down €34,515 (-16.7%), from €206,611 to €172,096
of which Taxes: -€52,431
- Accrued charges and deferred income -€11,938
down €11,938 (-22.8%), from €52,404 to €40,467
- Profit (loss) carried forward -€10,057
down €10,057 (-3.4%), from -€292,044 to -€302,101
- Other operating charges -€60,665
down €60,665 (-99.8%), from €60,785 to €120
- Gross operating margin -€32,632
down €32,632 (-19.8%), from €164,604 to €131,972
- Taxes +€26,050
up €26,050 (+5421.5%), from €481 to €26,531
- Staff costs -€21,462
down €21,462 (-24.1%), from €88,951 to €67,489
- Financial charges -€19,024
down €19,024 (-84.1%), from €22,627 to €3,602
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.
Cash bridge derived
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 | €180,283 | €131,451 | -€48,832 | -27.1% |
| Fixed assets | 21/28 | €31,609 | €31,349 | -€260 | -0.8% |
| Intangible fixed assets | 21 | €15,764 | €29,510 | +€13,746 | +87.2% |
| Tangible fixed assets | 22/27 | €15,845 | €1,839 | -€14,006 | -88.4% |
| Plant, machinery and equipment | 23 | €15,845 | €1,839 | -€14,006 | -88.4% |
| Current assets | 29/58 | €148,674 | €100,102 | -€48,572 | -32.7% |
| Amounts receivable within one year | 40/41 | €135,317 | €100,102 | -€35,215 | -26.0% |
| Trade receivables | 40 | €104,033 | €100,102 | -€3,930 | -3.8% |
| Other amounts receivable | 41 | €31,284 | - | -€31,284 | |
| Cash at bank and in hand | 54/58 | €9,277 | - | -€9,277 | |
| Deferred charges and accrued income | 490/1 | €4,080 | - | -€4,080 | |
| Total equity and liabilities | 10/49 | €180,283 | €131,451 | -€48,832 | -27.1% |
| Equity | 10/15 | -€271,593 | -€281,649 | -€10,057 | -3.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,044 | -€302,101 | -€10,057 | -3.4% |
| Amounts payable | 17/49 | €451,875 | €413,101 | -€38,775 | -8.6% |
| Amounts payable after more than one year | 17 | €105,000 | €105,000 | = | 0.0% |
| Financial debts | 170/4 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €294,471 | €267,634 | -€26,837 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €79,660 | €9,436 | -€70,225 | -88.2% |
| Financial debts | 43 | - | €4,186 | +€4,186 | |
| Credit institutions | 430/8 | - | €4,186 | +€4,186 | |
| Trade debts | 44 | €8,200 | €14,564 | +€6,364 | +77.6% |
| Suppliers | 440/4 | €8,200 | €14,564 | +€6,364 | +77.6% |
| Taxes, remuneration and social security | 45 | €206,611 | €172,096 | -€34,515 | -16.7% |
| Taxes | 450/3 | €200,128 | €147,697 | -€52,431 | -26.2% |
| Remuneration and social security | 454/9 | €6,483 | €24,399 | +€17,916 | +276.3% |
| Other amounts payable | 47/48 | - | €67,352 | +€67,352 | |
| Accrued charges and deferred income | 492/3 | €52,404 | €40,467 | -€11,938 | -22.8% |
| Remuneration, social security and pensions | 62 | €88,951 | €67,489 | -€21,462 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,572 | €20,483 | +€911 | +4.7% |
| Other operating charges | 640/8 | €60,785 | €120 | -€60,665 | -99.8% |
| Non-recurring operating charges | 66A | €44,875 | €23,814 | -€21,061 | -46.9% |
| Gross operating margin | 9900 | €164,604 | €131,972 | -€32,632 | -19.8% |
| Operating profit (loss) | 9901 | -€49,579 | €20,066 | +€69,644 | |
| Financial income | 75/76B | €962 | €11 | -€951 | -98.9% |
| Recurring financial income | 75 | €962 | €11 | -€951 | -98.9% |
| Financial charges | 65/66B | €22,627 | €3,602 | -€19,024 | -84.1% |
| Recurring financial charges | 65 | €22,627 | €3,602 | -€19,024 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | -€71,244 | €16,474 | +€87,718 | |
| Income taxes | 67/77 | €481 | €26,531 | +€26,050 | +5421.5% |
| Profit (loss) for the period | 9904 | -€71,724 | -€10,057 | +€61,667 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,724 | -€10,057 | +€61,667 | +86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.