GRACE JEWELS: 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
GRACE JEWELS
NACE 46.480, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€56,369
2024 · -€32,403-€23,966
Equity
-€244,157
2024 · -€187,788-€56,369
Cash
€13,948
2024 · €6,364+€7,584
Balance sheet total
€1.3m
2024 · €1.4m-€90,250
Largest movements
Assets
- Receivables within one year -€122,856
down €122,856 (-9.8%), from €1.3m to €1.1m
of which Trade receivables: -€81,032
- Stocks and contracts +€23,085
up €23,085 (+28.9%), from €79,785 to €102,870
Equity and liabilities
- Debts after one year -€63,705
down €63,705 (-11.6%), from €549,990 to €486,285
- Profit (loss) carried forward -€56,369
down €56,369 (-20.4%), from -€276,375 to -€332,744
- Accrued charges and deferred income +€49,681
up €49,681 (+6,162%), from €806 to €50,488
- Other debts -€22,549
down €22,549 (-11.6%), from €194,675 to €172,126
Income statement
- Gross operating margin +€50,227
up €50,227 (+125%), from €40,226 to €90,452
- Other operating charges +€44,690
up €44,690 (+1,328%), from €3,364 to €48,054
- Staff costs +€28,132
up €28,132 (+41.6%), from €67,642 to €95,775
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
-€32,403
Gross operating margin
+€50,227
Staff costs
-€28,132
Other operating charges
-€44,690
Other operating items
-€2,140
Financial income
+€428
Financial charges
+€342
Result 2025
-€56,369
raises the resultlowers the resultnot broken down further in the accounts
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
+€71,289
Investment
€0
Financing
-€63,705
Cash 2024
€6,364
From operations (derived)
+€71,289
Net result for the year
-€56,369
Depreciation
+€732
Stocks and contracts
-€23,085
Receivables within one year
+€122,856
Deferred charges and accrued income
-€2,669
Trade debts
+€9,970
Tax, wage and social debts
-€7,278
Other debts
-€22,549
Accrued charges and deferred income
+€49,681
Financing
-€63,705
Debts after one year
-€63,705
Cash 2025
€13,948
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,376,676 | €1,286,426 | -€90,250 | -6.6% |
| Fixed assets | 21/28 | €791 | €59 | -€732 | -92.5% |
| Tangible fixed assets | 22/27 | €791 | €59 | -€732 | -92.5% |
| Furniture and vehicles | 24 | €791 | €59 | -€732 | -92.5% |
| Current assets | 29/58 | €1,375,885 | €1,286,367 | -€89,518 | -6.5% |
| Amounts receivable after more than one year | 29 | €36,900 | €36,900 | = | 0.0% |
| Other amounts receivable | 291 | €36,900 | €36,900 | = | 0.0% |
| Stocks and contracts in progress | 3 | €79,785 | €102,870 | +€23,085 | +28.9% |
| Stocks | 30/36 | €79,785 | €102,870 | +€23,085 | +28.9% |
| Amounts receivable within one year | 40/41 | €1,252,410 | €1,129,554 | -€122,856 | -9.8% |
| Trade receivables | 40 | €792,701 | €711,669 | -€81,032 | -10.2% |
| Other amounts receivable | 41 | €459,709 | €417,885 | -€41,824 | -9.1% |
| Cash at bank and in hand | 54/58 | €6,364 | €13,948 | +€7,584 | +119% |
| Deferred charges and accrued income | 490/1 | €426 | €3,095 | +€2,669 | +626% |
| Total equity and liabilities | 10/49 | €1,376,676 | €1,286,426 | -€90,250 | -6.6% |
| Equity | 10/15 | -€187,788 | -€244,157 | -€56,369 | -30.0% |
| Contributions | 10/11 | €77,000 | €77,000 | = | 0.0% |
| Capital | 10 | €77,000 | €77,000 | = | 0.0% |
| Issued capital | 100 | €77,000 | €77,000 | = | 0.0% |
| Reserves | 13 | €11,587 | €11,587 | = | 0.0% |
| Non-distributable reserves | 130/1 | €900 | €900 | = | 0.0% |
| Legal reserve | 130 | €900 | €900 | = | 0.0% |
| Distributable reserves | 133 | €10,687 | €10,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€276,375 | -€332,744 | -€56,369 | -20.4% |
| Amounts payable | 17/49 | €1,564,464 | €1,530,583 | -€33,881 | -2.2% |
| Amounts payable after more than one year | 17 | €549,990 | €486,285 | -€63,705 | -11.6% |
| Financial debts | 170/4 | €549,990 | €486,285 | -€63,705 | -11.6% |
| Amounts payable within one year | 42/48 | €1,013,668 | €993,810 | -€19,857 | -2.0% |
| Trade debts | 44 | €525,135 | €535,105 | +€9,970 | +1.9% |
| Suppliers | 440/4 | €525,135 | €535,105 | +€9,970 | +1.9% |
| Taxes, remuneration and social security | 45 | €293,858 | €286,580 | -€7,278 | -2.5% |
| Taxes | 450/3 | €260,470 | €234,216 | -€26,254 | -10.1% |
| Remuneration and social security | 454/9 | €33,388 | €52,364 | +€18,976 | +56.8% |
| Other amounts payable | 47/48 | €194,675 | €172,126 | -€22,549 | -11.6% |
| Accrued charges and deferred income | 492/3 | €806 | €50,488 | +€49,681 | +6,162% |
| Non-recurring operating income | 76A | €322 | - | -€322 | |
| Remuneration, social security and pensions | 62 | €67,642 | €95,775 | +€28,132 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €732 | €732 | = | 0.0% |
| Other operating charges | 640/8 | €3,364 | €48,054 | +€44,690 | +1,328% |
| Non-recurring operating charges | 66A | €428 | €2,568 | +€2,140 | +500% |
| Gross operating margin | 9900 | €40,226 | €90,452 | +€50,227 | +125% |
| Operating profit (loss) | 9901 | -€31,941 | -€56,677 | -€24,736 | -77.4% |
| Financial income | 75/76B | €133 | €561 | +€428 | +321% |
| Recurring financial income | 75 | €133 | €561 | +€428 | +321% |
| Financial charges | 65/66B | €595 | €253 | -€342 | -57.5% |
| Recurring financial charges | 65 | €595 | €253 | -€342 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,403 | -€56,369 | -€23,966 | -74.0% |
| Profit (loss) for the period | 9904 | -€32,403 | -€56,369 | -€23,966 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,403 | -€56,369 | -€23,966 | -74.0% |
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 24 October 2026 via checked.be.