D4U: what changed
What changed
D4U
NACE 46.861, Wholesale of diamonds and other precious stones
filed annual accounts (NBB)
Net result for the year
-€481,309
2024 · -€186,129-€295,179
Equity
-€321,302
2024 · €160,007-€481,309
Cash
€6,391
2024 · €31,469-€25,078
Balance sheet total
€943,721
2024 · €1.5m-€575,213
Largest movements
Assets
- Stocks and contracts -€309,310
down €309,310 (-30.1%), from €1.0m to €719,052
- Receivables within one year -€230,516
down €230,516 (-52.1%), from €442,248 to €211,732
of which Trade receivables: -€316,117
- Cash -€25,078
down €25,078 (-79.7%), from €31,469 to €6,391
mainly Net result for the year (-€481,309) and Other debts (-€104,606)
Equity and liabilities
- Profit (loss) carried forward -€481,309
new in 2025: -€481,309
- Other debts -€104,606
down €104,606 (-11.6%), from €903,101 to €798,495
- Trade debts +€39,014
up €39,014 (+15.6%), from €250,078 to €289,092
- Debts after one year -€22,299
down €22,299 (-11.6%), from €192,511 to €170,213
Income statement
- Gross operating margin -€274,208
down €274,208 (-174%), from -€157,440 to -€431,648
- Staff costs +€14,687
up €14,687 (+132%), from €11,093 to €25,781
- Financial charges +€5,860
up €5,860 (+43.5%), from €13,464 to €19,324
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€186,129
Gross operating margin
-€274,208
Staff costs
-€14,687
Depreciation
+€570
Other operating charges
-€420
Financial income
-€664
Financial charges
-€5,860
Taxes
+€91
Result 2025
-€481,309
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€508
Investment
-€2,271
Financing
-€22,299
Cash 2024
€31,469
From operations (derived)
-€508
Net result for the year
-€481,309
Depreciation
+€1,121
Stocks and contracts
+€309,310
Receivables within one year
+€230,516
Deferred charges and accrued income
+€11,460
Trade debts
+€39,014
Tax, wage and social debts
-€6,468
Other debts
-€104,606
Accrued charges and deferred income
+€454
Investment (derived)
-€2,271
Investment in fixed assets (net)
-€2,271
Financing
-€22,299
Debts after one year
-€22,299
Cash 2025
€6,391
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,518,934 | €943,721 | -€575,213 | -37.9% |
| Fixed assets | 21/28 | €3,383 | €4,532 | +€1,150 | +34.0% |
| Tangible fixed assets | 22/27 | €1,193 | €2,342 | +€1,150 | +96.4% |
| Plant, machinery and equipment | 23 | €1,193 | €2,342 | +€1,150 | +96.4% |
| Financial fixed assets | 28 | €2,190 | €2,190 | = | 0.0% |
| Current assets | 29/58 | €1,515,552 | €939,188 | -€576,363 | -38.0% |
| Stocks and contracts in progress | 3 | €1,028,362 | €719,052 | -€309,310 | -30.1% |
| Stocks | 30/36 | €1,028,362 | €719,052 | -€309,310 | -30.1% |
| Amounts receivable within one year | 40/41 | €442,248 | €211,732 | -€230,516 | -52.1% |
| Trade receivables | 40 | €431,197 | €115,079 | -€316,117 | -73.3% |
| Other amounts receivable | 41 | €11,051 | €96,653 | +€85,601 | +775% |
| Cash at bank and in hand | 54/58 | €31,469 | €6,391 | -€25,078 | -79.7% |
| Deferred charges and accrued income | 490/1 | €13,473 | €2,013 | -€11,460 | -85.1% |
| Total equity and liabilities | 10/49 | €1,518,934 | €943,721 | -€575,213 | -37.9% |
| Equity | 10/15 | €160,007 | -€321,302 | -€481,309 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,407 | €141,407 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €139,547 | €139,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€481,309 | -€481,309 | |
| Amounts payable | 17/49 | €1,358,927 | €1,265,022 | -€93,905 | -6.9% |
| Amounts payable after more than one year | 17 | €192,511 | €170,213 | -€22,299 | -11.6% |
| Financial debts | 170/4 | €192,511 | €170,213 | -€22,299 | -11.6% |
| Amounts payable within one year | 42/48 | €1,166,416 | €1,094,355 | -€72,060 | -6.2% |
| Trade debts | 44 | €250,078 | €289,092 | +€39,014 | +15.6% |
| Suppliers | 440/4 | €250,078 | €289,092 | +€39,014 | +15.6% |
| Taxes, remuneration and social security | 45 | €13,237 | €6,769 | -€6,468 | -48.9% |
| Taxes | 450/3 | €11,572 | €4,768 | -€6,804 | -58.8% |
| Remuneration and social security | 454/9 | €1,664 | €2,000 | +€336 | +20.2% |
| Other amounts payable | 47/48 | €903,101 | €798,495 | -€104,606 | -11.6% |
| Accrued charges and deferred income | 492/3 | - | €454 | +€454 | |
| Remuneration, social security and pensions | 62 | €11,093 | €25,781 | +€14,687 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,691 | €1,121 | -€570 | -33.7% |
| Other operating charges | 640/8 | €1,277 | €1,698 | +€420 | +32.9% |
| Gross operating margin | 9900 | -€157,440 | -€431,648 | -€274,208 | -174% |
| Operating profit (loss) | 9901 | -€171,502 | -€460,248 | -€288,746 | -168% |
| Financial income | 75/76B | €786 | €122 | -€664 | -84.5% |
| Recurring financial income | 75 | €786 | €122 | -€664 | -84.5% |
| Financial charges | 65/66B | €13,464 | €19,324 | +€5,860 | +43.5% |
| Recurring financial charges | 65 | €13,464 | €19,324 | +€5,860 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | -€184,180 | -€479,451 | -€295,271 | -160% |
| Income taxes | 67/77 | €1,949 | €1,858 | -€91 | -4.7% |
| Profit (loss) for the period | 9904 | -€186,129 | -€481,309 | -€295,179 | -159% |
| Profit (loss) for the period to be appropriated | 9905 | -€186,129 | -€481,309 | -€295,179 | -159% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.