Beheer Chagall: 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.
Beheer Chagall
Largest movements
- Cash -€47,020
down €47,020 (-75.3%), from €62,403 to €15,384
mainly Contributions, distributions and other (-€177,000) and Tax, wage and social debts (-€21,040)
- Tangible fixed assets -€23,534
down €23,534 (-2.4%), from €976,209 to €952,674
of which Land and buildings: -€23,019
- Reserves -€43,858
down €43,858 (-64.9%), from €67,577 to €23,719
of which Distributable reserves: -€43,858
- Tax, wage and social debts -€21,040
down €21,040 (-40.8%), from €51,524 to €30,484
- Other debts -€15,173
down €15,173 (-14.9%), from €101,829 to €86,656
- Gross operating margin +€102,206
up €102,206 (+86.1%), from €118,699 to €220,906
- Taxes +€21,828
up €21,828 (+150.6%), from €14,491 to €36,319
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 | €1,102,891 | €1,033,645 | -€69,246 | -6.3% |
| Fixed assets | 21/28 | €976,209 | €952,674 | -€23,534 | -2.4% |
| Tangible fixed assets | 22/27 | €976,209 | €952,674 | -€23,534 | -2.4% |
| Land and buildings | 22 | €737,169 | €714,150 | -€23,019 | -3.1% |
| Furniture and vehicles | 24 | €1,040 | €525 | -€515 | -49.5% |
| Other tangible fixed assets | 26 | €238,000 | €238,000 | = | 0.0% |
| Current assets | 29/58 | €126,683 | €80,971 | -€45,712 | -36.1% |
| Amounts receivable within one year | 40/41 | €54,463 | €57,663 | +€3,200 | +5.9% |
| Trade receivables | 40 | €106 | €0 | -€106 | -100.0% |
| Other amounts receivable | 41 | €54,357 | €57,663 | +€3,306 | +6.1% |
| Cash at bank and in hand | 54/58 | €62,403 | €15,384 | -€47,020 | -75.3% |
| Deferred charges and accrued income | 490/1 | €9,817 | €7,924 | -€1,893 | -19.3% |
| Total equity and liabilities | 10/49 | €1,102,891 | €1,033,645 | -€69,246 | -6.3% |
| Equity | 10/15 | €86,177 | €42,319 | -€43,858 | -50.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,577 | €23,719 | -€43,858 | -64.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €67,577 | €23,719 | -€43,858 | -64.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,016,714 | €991,326 | -€25,388 | -2.5% |
| Amounts payable after more than one year | 17 | €796,454 | €803,558 | +€7,104 | +0.9% |
| Financial debts | 170/4 | €796,454 | €803,558 | +€7,104 | +0.9% |
| Amounts payable within one year | 42/48 | €220,260 | €187,768 | -€32,492 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €63,188 | €64,813 | +€1,625 | +2.6% |
| Trade debts | 44 | €3,719 | €5,815 | +€2,096 | +56.4% |
| Suppliers | 440/4 | €3,719 | €5,815 | +€2,096 | +56.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €51,524 | €30,484 | -€21,040 | -40.8% |
| Taxes | 450/3 | €51,524 | €30,484 | -€21,040 | -40.8% |
| Other amounts payable | 47/48 | €101,829 | €86,656 | -€15,173 | -14.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,708 | €23,534 | -€174 | -0.7% |
| Other operating charges | 640/8 | €4,511 | €4,458 | -€53 | -1.2% |
| Gross operating margin | 9900 | €118,699 | €220,906 | +€102,206 | +86.1% |
| Operating profit (loss) | 9901 | €90,481 | €192,914 | +€102,433 | +113.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €21,589 | €23,457 | +€1,868 | +8.7% |
| Recurring financial charges | 65 | €21,589 | €23,457 | +€1,868 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €68,892 | €169,460 | +€100,568 | +146.0% |
| Income taxes | 67/77 | €14,491 | €36,319 | +€21,828 | +150.6% |
| Profit (loss) for the period | 9904 | €54,401 | €133,142 | +€78,740 | +144.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,401 | €133,142 | +€78,740 | +144.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.