ANTWERP CUT: 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.
What changed
ANTWERP CUT
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7.3m
2024 · €1.4m+€5.9m
Equity
€39.6m
2024 · €32.3m+€7.3m
Cash
€4.8m
2024 · €572,686+€4.3m
Balance sheet total
€40.1m
2024 · €33.3m+€6.8m
Largest movements
Assets
- Cash +€4.3m
up €4.3m (+745%), from €572,686 to €4.8m
mainly Net result for the year (+€7.3m) and Depreciation (+€99,571)
- Stocks and contracts +€2.3m
up €2.3m (+7.4%), from €31.4m to €33.7m
Equity and liabilities
- Reserves +€7.3m
up €7.3m (+22.8%), from €32.2m to €39.6m
- Trade debts -€408,494
down €408,494 (-63.5%), from €643,614 to €235,119
Income statement
- Turnover +€15.0m
up €15.0m (+368%), from €4.1m to €19.0m
- Goods and materials +€7.5m
up €7.5m (+534%), from €1.4m to €8.9m
of which Purchases: +€5.9m
- Services and other goods +€1.5m
up €1.5m (+144%), from €1.1m to €2.6m
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.
Result 2024
€1.4m
Turnover
+€15.0m
Other operating income
+€1,403
Goods and materials
-€7.5m
Services and other goods
-€1.5m
Staff costs
+€23,506
Depreciation
-€7,132
Other operating charges
+€980
Financial income
+€11,152
Financial charges
+€3,710
Taxes
-€17,504
Result 2025
€7.3m
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€4.3m
Investment
€0
Financing
€0
Cash 2024
€572,686
From operations (derived)
+€4.3m
Net result for the year
+€7.3m
Depreciation
+€99,571
Stocks and contracts
-€2.3m
Receivables within one year
-€390,699
Deferred charges and accrued income
+€53,346
Trade debts
-€408,494
Tax, wage and social debts
+€22,387
Other debts
-€132,050
Accrued charges and deferred income
-€1,982
Cash 2025
€4.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,317,143 | €40,132,954 | +€6.8m | +20.5% |
| Fixed assets | 21/28 | €1,124,532 | €1,024,961 | -€99,571 | -8.9% |
| Intangible fixed assets | 21 | €19,224 | €19,224 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,104,630 | €1,005,058 | -€99,571 | -9.0% |
| Land and buildings | 22 | €1,033,054 | €955,003 | -€78,051 | -7.6% |
| Plant, machinery and equipment | 23 | €71,552 | €50,055 | -€21,497 | -30.0% |
| Furniture and vehicles | 24 | €23 | - | -€23 | |
| Financial fixed assets | 28 | €678 | €678 | = | 0.0% |
| Other financial fixed assets | 284/8 | €678 | €678 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €678 | €678 | = | 0.0% |
| Current assets | 29/58 | €32,192,611 | €39,107,993 | +€6.9m | +21.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Trade receivables | 290 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €31,392,268 | €33,704,201 | +€2.3m | +7.4% |
| Stocks | 30/36 | €31,392,268 | €33,704,201 | +€2.3m | +7.4% |
| Goods purchased for resale | 34 | €30,959,531 | €33,135,464 | +€2.2m | +7.0% |
| Advance payments | 36 | €432,737 | €568,737 | +€136,001 | +31.4% |
| Amounts receivable within one year | 40/41 | €54,997 | €445,696 | +€390,699 | +710% |
| Trade receivables | 40 | €6,038 | €319,354 | +€313,316 | +5,189% |
| Other amounts receivable | 41 | €48,959 | €126,342 | +€77,383 | +158% |
| Cash at bank and in hand | 54/58 | €572,686 | €4,838,781 | +€4.3m | +745% |
| Deferred charges and accrued income | 490/1 | €122,661 | €69,315 | -€53,346 | -43.5% |
| Total equity and liabilities | 10/49 | €33,317,143 | €40,132,954 | +€6.8m | +20.5% |
| Equity | 10/15 | €32,251,999 | €39,587,947 | +€7.3m | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,233,399 | €39,569,347 | +€7.3m | +22.8% |
| Distributable reserves | 133 | €32,233,399 | €39,569,347 | +€7.3m | +22.8% |
| Amounts payable | 17/49 | €1,065,144 | €545,006 | -€520,138 | -48.8% |
| Amounts payable within one year | 42/48 | €1,061,296 | €543,140 | -€518,156 | -48.8% |
| Trade debts | 44 | €643,614 | €235,119 | -€408,494 | -63.5% |
| Suppliers | 440/4 | €643,614 | €235,119 | -€408,494 | -63.5% |
| Taxes, remuneration and social security | 45 | €45,962 | €68,350 | +€22,387 | +48.7% |
| Taxes | 450/3 | €16,965 | €36,260 | +€19,295 | +114% |
| Remuneration and social security | 454/9 | €28,997 | €32,090 | +€3,093 | +10.7% |
| Other amounts payable | 47/48 | €371,720 | €239,671 | -€132,050 | -35.5% |
| Accrued charges and deferred income | 492/3 | €3,848 | €1,866 | -€1,982 | -51.5% |
| Operating income | 70/76A | €4,262,448 | €19,228,660 | +€15.0m | +351% |
| Turnover | 70 | €4,068,399 | €19,033,208 | +€15.0m | +368% |
| Other operating income | 74 | €194,049 | €195,452 | +€1,403 | +0.7% |
| Operating charges | 60/66A | €2,813,219 | €11,853,082 | +€9.0m | +321% |
| Goods for resale, raw materials and consumables | 60 | €1,406,638 | €8,917,760 | +€7.5m | +534% |
| Purchases | 600/8 | €5,165,747 | €11,093,693 | +€5.9m | +115% |
| Change in stocks: decrease (increase) | 609 | -€3,759,109 | -€2,175,933 | +€1.6m | +42.1% |
| Services and other goods | 61 | €1,070,199 | €2,616,293 | +€1.5m | +144% |
| Remuneration, social security and pensions | 62 | €237,594 | €214,087 | -€23,506 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,439 | €99,571 | +€7,132 | +7.7% |
| Other operating charges | 640/8 | €6,350 | €5,370 | -€980 | -15.4% |
| Operating profit (loss) | 9901 | €1,449,228 | €7,375,578 | +€5.9m | +409% |
| Financial income | 75/76B | €2,000 | €13,152 | +€11,152 | +558% |
| Recurring financial income | 75 | €2,000 | €13,152 | +€11,152 | +558% |
| Other financial income | 752/9 | €2,000 | €13,152 | +€11,152 | +558% |
| Financial charges | 65/66B | €34,116 | €30,406 | -€3,710 | -10.9% |
| Recurring financial charges | 65 | €34,116 | €30,406 | -€3,710 | -10.9% |
| Debt charges | 650 | €27,445 | €22,822 | -€4,622 | -16.8% |
| Other financial charges | 652/9 | €6,671 | €7,583 | +€912 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €1,417,113 | €7,358,324 | +€5.9m | +419% |
| Income taxes | 67/77 | €4,871 | €22,375 | +€17,504 | +359% |
| Taxes | 670/3 | €4,871 | €22,375 | +€17,504 | +359% |
| Profit (loss) for the period | 9904 | €1,412,241 | €7,335,949 | +€5.9m | +419% |
| Profit (loss) for the period to be appropriated | 9905 | €1,412,241 | €7,335,949 | +€5.9m | +419% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.