CHAGALL: 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.
CHAGALL
Largest movements
- Receivables within one year -€4,675
down €4,675 (-28.4%), from €16,435 to €11,760
of which Other amounts receivable: -€4,675
- Cash -€1,500
down €1,500 (-2.0%), from €73,173 to €71,674
mainly Net result for the year (-€6,704) and Tax, wage and social debts (-€221)
- Profit (loss) carried forward -€6,704
down €6,704 (-37.5%), from -€17,883 to -€24,587
- Gross operating margin -€6,269
down €6,269, from €432 to -€5,837
- Other operating charges -€598
down €598 (-53.2%), from €1,123 to €526
- Depreciation -€348
down €348 (-31.5%), from €1,106 to €758
- Financial income +€124
up €124 (+19.3%), from €644 to €769
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 | €102,651 | €95,843 | -€6,808 | -6.6% |
| Fixed assets | 21/28 | €12,398 | €11,640 | -€758 | -6.1% |
| Tangible fixed assets | 22/27 | €2,186 | €1,429 | -€758 | -34.7% |
| Plant, machinery and equipment | 23 | €1,726 | €1,209 | -€518 | -30.0% |
| Furniture and vehicles | 24 | €460 | €220 | -€240 | -52.2% |
| Financial fixed assets | 28 | €10,212 | €10,212 | = | 0.0% |
| Current assets | 29/58 | €90,253 | €84,202 | -€6,050 | -6.7% |
| Amounts receivable within one year | 40/41 | €16,435 | €11,760 | -€4,675 | -28.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €16,435 | €11,760 | -€4,675 | -28.4% |
| Cash at bank and in hand | 54/58 | €73,173 | €71,674 | -€1,500 | -2.0% |
| Deferred charges and accrued income | 490/1 | €644 | €769 | +€124 | +19.3% |
| Total equity and liabilities | 10/49 | €102,651 | €95,843 | -€6,808 | -6.6% |
| Equity | 10/15 | €100,928 | €94,224 | -€6,704 | -6.6% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €91,543 | €91,543 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Distributable reserves | 133 | €88,816 | €88,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,883 | -€24,587 | -€6,704 | -37.5% |
| Amounts payable | 17/49 | €1,723 | €1,619 | -€104 | -6.0% |
| Amounts payable within one year | 42/48 | €1,723 | €1,493 | -€230 | -13.4% |
| Trade debts | 44 | €1,239 | €1,230 | -€9 | -0.7% |
| Suppliers | 440/4 | €1,239 | €1,230 | -€9 | -0.7% |
| Taxes, remuneration and social security | 45 | €484 | €263 | -€221 | -45.7% |
| Taxes | 450/3 | €484 | €263 | -€221 | -45.7% |
| Accrued charges and deferred income | 492/3 | - | €126 | +€126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106 | €758 | -€348 | -31.5% |
| Other operating charges | 640/8 | €1,123 | €526 | -€598 | -53.2% |
| Gross operating margin | 9900 | €432 | -€5,837 | -€6,269 | |
| Operating profit (loss) | 9901 | -€1,798 | -€7,121 | -€5,323 | -296.1% |
| Financial income | 75/76B | €644 | €769 | +€124 | +19.3% |
| Recurring financial income | 75 | €644 | €769 | +€124 | +19.3% |
| Financial charges | 65/66B | €48 | €95 | +€47 | +96.5% |
| Recurring financial charges | 65 | €48 | €95 | +€47 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,202 | -€6,448 | -€5,246 | -436.4% |
| Income taxes | 67/77 | €262 | €257 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | -€1,464 | -€6,704 | -€5,240 | -357.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,464 | -€6,704 | -€5,240 | -357.9% |
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 5 October 2026 via checked.be.