ELITE JEWELS: what changed
What changed
ELITE JEWELS
NACE 46.480, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€189,280
2024 · €8,200-€197,480
Equity
€143,281
2024 · €332,561-€189,280
Cash
€91,336
2024 · €62,491+€28,845
Balance sheet total
€5.4m
2024 · €7.5m-€2.1m
Largest movements
Assets
- Stocks and contracts -€2.3m
down €2.3m (-36.0%), from €6.4m to €4.1m
- Receivables within one year +€224,290
up €224,290 (+24.2%), from €926,539 to €1.2m
of which Trade receivables: +€191,094
Equity and liabilities
- Debts after one year -€1.9m
down €1.9m (-36.7%), from €5.1m to €3.2m
of which Financial debts: -€1.9m
- Profit (loss) carried forward -€189,280
new in 2025: -€189,280
- Short-term financial debts -€136,021
down €136,021 (-11.6%), from €1.2m to €1.0m
- Trade debts +€93,558
up €93,558 (+11.2%), from €832,072 to €925,629
Income statement
- Other operating charges +€432,035
up €432,035 (+13,075%), from €3,304 to €435,339
- Financial charges -€309,136
down €309,136 (-83.8%), from €368,686 to €59,550
- Gross operating margin -€179,169
down €179,169 (-34.5%), from €519,853 to €340,685
- Write-downs -€129,064
no longer reported in 2025 (was €129,064)
- Taxes +€27,123
up €27,123 (+643%), from €4,218 to €31,342
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
€8,200
Gross operating margin
-€179,169
Depreciation
+€2,446
Write-downs
+€129,064
Other operating charges
-€432,035
Financial income
+€200
Financial charges
+€309,136
Taxes
-€27,123
Result 2025
-€189,280
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
+€2.0m
Investment
+€8,390
Financing
-€2.0m
Cash 2024
€62,491
From operations (derived)
+€2.0m
Net result for the year
-€189,280
Depreciation
+€4,021
Stocks and contracts
+€2.3m
Receivables within one year
-€224,290
Deferred charges and accrued income
-€2,144
Trade debts
+€93,558
Tax, wage and social debts
+€8,490
Other debts
-€30,359
Accrued charges and deferred income
+€47,873
Investment (derived)
+€8,390
Investment in fixed assets (net)
+€8,390
Financing
-€2.0m
Debts after one year
-€1.9m
Short-term financial debts
-€136,021
Cash 2025
€91,336
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,510,571 | €5,440,103 | -€2.1m | -27.6% |
| Fixed assets | 21/28 | €36,076 | €23,665 | -€12,411 | -34.4% |
| Tangible fixed assets | 22/27 | €18,870 | €6,459 | -€12,411 | -65.8% |
| Plant, machinery and equipment | 23 | €1,392 | €1,114 | -€278 | -20.0% |
| Furniture and vehicles | 24 | €17,478 | €5,345 | -€12,133 | -69.4% |
| Financial fixed assets | 28 | €17,206 | €17,206 | = | 0.0% |
| Current assets | 29/58 | €7,474,494 | €5,416,437 | -€2.1m | -27.5% |
| Stocks and contracts in progress | 3 | €6,417,994 | €4,104,657 | -€2.3m | -36.0% |
| Stocks | 30/36 | €6,417,994 | €4,104,657 | -€2.3m | -36.0% |
| Amounts receivable within one year | 40/41 | €926,539 | €1,150,829 | +€224,290 | +24.2% |
| Trade receivables | 40 | €771,448 | €962,543 | +€191,094 | +24.8% |
| Other amounts receivable | 41 | €155,091 | €188,287 | +€33,196 | +21.4% |
| Current investments | 50/53 | €64,017 | €64,017 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,491 | €91,336 | +€28,845 | +46.2% |
| Deferred charges and accrued income | 490/1 | €3,454 | €5,598 | +€2,144 | +62.1% |
| Total equity and liabilities | 10/49 | €7,510,571 | €5,440,103 | -€2.1m | -27.6% |
| Equity | 10/15 | €332,561 | €143,281 | -€189,280 | -56.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €313,969 | €313,969 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,705 | €5,705 | = | 0.0% |
| Distributable reserves | 133 | €306,405 | €306,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€189,280 | -€189,280 | |
| Amounts payable | 17/49 | €7,178,009 | €5,296,822 | -€1.9m | -26.2% |
| Amounts payable after more than one year | 17 | €5,083,255 | €3,218,527 | -€1.9m | -36.7% |
| Financial debts | 170/4 | €5,077,555 | €3,212,827 | -€1.9m | -36.7% |
| Other amounts payable | 178/9 | €5,700 | €5,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,094,754 | €2,030,421 | -€64,333 | -3.1% |
| Financial debts | 43 | €1,174,319 | €1,038,298 | -€136,021 | -11.6% |
| Other loans | 439 | €1,174,319 | €1,038,298 | -€136,021 | -11.6% |
| Trade debts | 44 | €832,072 | €925,629 | +€93,558 | +11.2% |
| Suppliers | 440/4 | €832,072 | €925,629 | +€93,558 | +11.2% |
| Taxes, remuneration and social security | 45 | €3,760 | €12,250 | +€8,490 | +226% |
| Taxes | 450/3 | €3,760 | €12,250 | +€8,490 | +226% |
| Other amounts payable | 47/48 | €84,603 | €54,244 | -€30,359 | -35.9% |
| Accrued charges and deferred income | 492/3 | - | €47,873 | +€47,873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,467 | €4,021 | -€2,446 | -37.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €129,064 | - | -€129,064 | |
| Other operating charges | 640/8 | €3,304 | €435,339 | +€432,035 | +13,075% |
| Gross operating margin | 9900 | €519,853 | €340,685 | -€179,169 | -34.5% |
| Operating profit (loss) | 9901 | €381,018 | -€98,675 | -€479,694 | |
| Financial income | 75/76B | €86 | €287 | +€200 | +233% |
| Recurring financial income | 75 | €86 | €287 | +€200 | +233% |
| Financial charges | 65/66B | €368,686 | €59,550 | -€309,136 | -83.8% |
| Recurring financial charges | 65 | €368,686 | €59,550 | -€309,136 | -83.8% |
| Profit (loss) for the period before taxes | 9903 | €12,418 | -€157,939 | -€170,357 | |
| Income taxes | 67/77 | €4,218 | €31,342 | +€27,123 | +643% |
| Profit (loss) for the period | 9904 | €8,200 | -€189,280 | -€197,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,200 | -€189,280 | -€197,480 |
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 7 November 2026 via checked.be.