IMMO 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.
IMMO CHAGALL
Largest movements
- Receivables within one year -€212,825
down €212,825 (-60.3%), from €352,931 to €140,106
of which Other amounts receivable: -€171,268
- Cash +€155,620
up €155,620 (+217.9%), from €71,424 to €227,044
mainly Receivables within one year (+€212,825) and Net result for the year (+€101,702)
- Tangible fixed assets -€62,528
down €62,528 (-4.2%), from €1.5m to €1.4m
of which Land and buildings: -€47,155
- Debts after one year -€177,024
down €177,024 (-27.9%), from €634,514 to €457,490
- Reserves +€101,702
up €101,702 (+74.0%), from €137,400 to €239,101
- Other debts -€53,390
down €53,390 (-7.3%), from €734,542 to €681,151
- Gross operating margin +€88,625
up €88,625 (+55.5%), from €159,724 to €248,349
- Taxes +€14,526
up €14,526 (+161.4%), from €9,002 to €23,529
- Depreciation -€12,614
down €12,614 (-16.7%), from €75,672 to €63,059
- Other operating charges +€5,523
up €5,523 (+90.5%), from €6,104 to €11,627
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 | €1,924,879 | €1,810,658 | -€114,222 | -5.9% |
| Fixed assets | 21/28 | €1,488,305 | €1,425,777 | -€62,528 | -4.2% |
| Tangible fixed assets | 22/27 | €1,488,305 | €1,425,777 | -€62,528 | -4.2% |
| Land and buildings | 22 | €1,464,337 | €1,417,182 | -€47,155 | -3.2% |
| Plant, machinery and equipment | 23 | €7,114 | €3,572 | -€3,541 | -49.8% |
| Furniture and vehicles | 24 | €16,854 | €5,022 | -€11,832 | -70.2% |
| Current assets | 29/58 | €436,575 | €384,881 | -€51,694 | -11.8% |
| Amounts receivable within one year | 40/41 | €352,931 | €140,106 | -€212,825 | -60.3% |
| Trade receivables | 40 | €91,919 | €50,363 | -€41,556 | -45.2% |
| Other amounts receivable | 41 | €261,011 | €89,743 | -€171,268 | -65.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €71,424 | €227,044 | +€155,620 | +217.9% |
| Deferred charges and accrued income | 490/1 | €12,220 | €17,732 | +€5,511 | +45.1% |
| Total equity and liabilities | 10/49 | €1,924,879 | €1,810,658 | -€114,222 | -5.9% |
| Equity | 10/15 | €333,400 | €435,101 | +€101,702 | +30.5% |
| Contributions | 10/11 | €196,000 | €196,000 | = | 0.0% |
| Reserves | 13 | €137,400 | €239,101 | +€101,702 | +74.0% |
| Distributable reserves | 133 | €137,400 | €239,101 | +€101,702 | +74.0% |
| Amounts payable | 17/49 | €1,591,480 | €1,375,557 | -€215,923 | -13.6% |
| Amounts payable after more than one year | 17 | €634,514 | €457,490 | -€177,024 | -27.9% |
| Financial debts | 170/4 | €634,514 | €457,490 | -€177,024 | -27.9% |
| Amounts payable within one year | 42/48 | €935,401 | €892,641 | -€42,760 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €177,493 | €176,970 | -€522 | -0.3% |
| Trade debts | 44 | €4,569 | €7,069 | +€2,500 | +54.7% |
| Suppliers | 440/4 | €4,569 | €7,069 | +€2,500 | +54.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,797 | €27,450 | +€8,653 | +46.0% |
| Taxes | 450/3 | €17,306 | €27,450 | +€10,144 | +58.6% |
| Remuneration and social security | 454/9 | €1,491 | €0 | -€1,491 | -100.0% |
| Other amounts payable | 47/48 | €734,542 | €681,151 | -€53,390 | -7.3% |
| Accrued charges and deferred income | 492/3 | €21,565 | €25,426 | +€3,861 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,672 | €63,059 | -€12,614 | -16.7% |
| Other operating charges | 640/8 | €6,104 | €11,627 | +€5,523 | +90.5% |
| Gross operating margin | 9900 | €159,724 | €248,349 | +€88,625 | +55.5% |
| Operating profit (loss) | 9901 | €77,948 | €173,664 | +€95,716 | +122.8% |
| Financial income | 75/76B | €3,258 | €2,702 | -€556 | -17.1% |
| Recurring financial income | 75 | €3,258 | €2,702 | -€556 | -17.1% |
| Financial charges | 65/66B | €51,245 | €51,135 | -€110 | -0.2% |
| Recurring financial charges | 65 | €51,245 | €51,135 | -€110 | -0.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €29,961 | €125,230 | +€95,269 | +318.0% |
| Income taxes | 67/77 | €9,002 | €23,529 | +€14,526 | +161.4% |
| Profit (loss) for the period | 9904 | €20,959 | €101,702 | +€80,743 | +385.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,959 | €101,702 | +€80,743 | +385.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.