CHAGALL BEACH: 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 BEACH
Largest movements
- Receivables within one year -€125,758
down €125,758 (-30.1%), from €417,344 to €291,586
of which Other amounts receivable: -€125,098
- Tangible fixed assets -€45,769
down €45,769 (-23.8%), from €192,636 to €146,867
of which Other tangible fixed assets: -€24,945
- Cash -€33,608
down €33,608 (-51.8%), from €64,834 to €31,226
mainly Contributions, distributions and other (-€228,500) and Other debts (-€169,797)
- Stocks and contracts +€10,813
up €10,813 (+49.4%), from €21,871 to €32,685
- Other debts -€169,797
down €169,797 (-42.5%), from €399,898 to €230,101
- Debts after one year -€35,394
down €35,394 (-37.1%), from €95,468 to €60,075
of which Financial debts: -€35,394
- Tax, wage and social debts +€9,985
up €9,985 (+18.0%), from €55,542 to €65,528
of which Taxes: +€13,544
- Gross operating margin +€78,655
up €78,655 (+15.4%), from €511,593 to €590,249
- Staff costs +€18,604
up €18,604 (+6.9%), from €271,432 to €290,037
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 | €701,530 | €505,297 | -€196,233 | -28.0% |
| Fixed assets | 21/28 | €192,686 | €146,917 | -€45,769 | -23.8% |
| Tangible fixed assets | 22/27 | €192,636 | €146,867 | -€45,769 | -23.8% |
| Plant, machinery and equipment | 23 | €29,666 | €30,220 | +€554 | +1.9% |
| Furniture and vehicles | 24 | €72,471 | €51,093 | -€21,378 | -29.5% |
| Other tangible fixed assets | 26 | €90,499 | €65,554 | -€24,945 | -27.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €508,844 | €358,380 | -€150,464 | -29.6% |
| Stocks and contracts in progress | 3 | €21,871 | €32,685 | +€10,813 | +49.4% |
| Stocks | 30/36 | €21,871 | €32,685 | +€10,813 | +49.4% |
| Amounts receivable within one year | 40/41 | €417,344 | €291,586 | -€125,758 | -30.1% |
| Trade receivables | 40 | €2,063 | €1,403 | -€660 | -32.0% |
| Other amounts receivable | 41 | €415,281 | €290,183 | -€125,098 | -30.1% |
| Cash at bank and in hand | 54/58 | €64,834 | €31,226 | -€33,608 | -51.8% |
| Deferred charges and accrued income | 490/1 | €4,794 | €2,882 | -€1,912 | -39.9% |
| Total equity and liabilities | 10/49 | €701,530 | €505,297 | -€196,233 | -28.0% |
| Equity | 10/15 | €92,916 | €93,145 | +€229 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,916 | €73,145 | +€229 | +0.3% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €72,916 | €73,145 | +€229 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €608,614 | €412,152 | -€196,462 | -32.3% |
| Amounts payable after more than one year | 17 | €95,468 | €60,075 | -€35,394 | -37.1% |
| Financial debts | 170/4 | €95,468 | €60,075 | -€35,394 | -37.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €512,628 | €351,560 | -€161,068 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €33,933 | €35,394 | +€1,461 | +4.3% |
| Trade debts | 44 | €23,255 | €20,537 | -€2,717 | -11.7% |
| Suppliers | 440/4 | €23,255 | €20,537 | -€2,717 | -11.7% |
| Taxes, remuneration and social security | 45 | €55,542 | €65,528 | +€9,985 | +18.0% |
| Taxes | 450/3 | €23,097 | €36,641 | +€13,544 | +58.6% |
| Remuneration and social security | 454/9 | €32,446 | €28,886 | -€3,559 | -11.0% |
| Other amounts payable | 47/48 | €399,898 | €230,101 | -€169,797 | -42.5% |
| Accrued charges and deferred income | 492/3 | €517 | €517 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €271,432 | €290,037 | +€18,604 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,521 | €55,545 | +€4,024 | +7.8% |
| Other operating charges | 640/8 | €1,592 | €1,225 | -€367 | -23.0% |
| Gross operating margin | 9900 | €511,593 | €590,249 | +€78,655 | +15.4% |
| Operating profit (loss) | 9901 | €187,047 | €243,441 | +€56,394 | +30.1% |
| Financial income | 75/76B | €5,436 | €4,420 | -€1,016 | -18.7% |
| Recurring financial income | 75 | €5,436 | €4,420 | -€1,016 | -18.7% |
| Financial charges | 65/66B | €17,151 | €16,667 | -€484 | -2.8% |
| Recurring financial charges | 65 | €17,151 | €16,667 | -€484 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €175,333 | €231,194 | +€55,862 | +31.9% |
| Income taxes | 67/77 | €1,309 | €2,465 | +€1,156 | +88.4% |
| Profit (loss) for the period | 9904 | €174,024 | €228,729 | +€54,705 | +31.4% |
| Transfer from tax-exempt reserves | 789 | €62 | €0 | -€62 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €174,086 | €228,729 | +€54,643 | +31.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.