JUWELEN HERMAN: 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.
JUWELEN HERMAN
Largest movements
- Cash +€44,283
up €44,283 (+53.2%), from €83,180 to €127,463
mainly Net result for the year (+€109,057) and Depreciation (+€29,269)
- Stocks and contracts +€42,676
up €42,676 (+11.7%), from €364,541 to €407,217
- Tangible fixed assets -€28,110
down €28,110 (-7.0%), from €403,204 to €375,093
of which Land and buildings: -€20,719
- Deferred charges and accrued income -€11,789
down €11,789 (-96.4%), from €12,232 to €443
- Reserves +€66,276
up €66,276 (+15.5%), from €427,787 to €494,063
of which Distributable reserves: +€66,276
- Debts after one year -€24,521
down €24,521 (-9.3%), from €263,431 to €238,910
- Tax, wage and social debts +€20,820
up €20,820 (+170%), from €12,274 to €33,094
of which Taxes: +€20,820
- Other debts -€13,395
down €13,395 (-23.4%), from €57,194 to €43,799
- Gross operating margin +€48,482
up €48,482 (+33.2%), from €145,877 to €194,358
- Taxes +€14,073
up €14,073 (+43.8%), from €32,155 to €46,228
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,277 | €919,306 | +€56,029 | +6.5% |
| Fixed assets | 21/28 | €403,254 | €375,143 | -€28,110 | -7.0% |
| Tangible fixed assets | 22/27 | €403,204 | €375,093 | -€28,110 | -7.0% |
| Land and buildings | 22 | €376,231 | €355,512 | -€20,719 | -5.5% |
| Furniture and vehicles | 24 | €26,973 | €19,581 | -€7,392 | -27.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €460,023 | €544,162 | +€84,139 | +18.3% |
| Stocks and contracts in progress | 3 | €364,541 | €407,217 | +€42,676 | +11.7% |
| Stocks | 30/36 | €364,541 | €407,217 | +€42,676 | +11.7% |
| Amounts receivable within one year | 40/41 | €70 | €9,039 | +€8,969 | +12,813% |
| Trade receivables | 40 | €70 | €8,537 | +€8,467 | +12,096% |
| Other amounts receivable | 41 | - | €502 | +€502 | |
| Cash at bank and in hand | 54/58 | €83,180 | €127,463 | +€44,283 | +53.2% |
| Deferred charges and accrued income | 490/1 | €12,232 | €443 | -€11,789 | -96.4% |
| Total equity and liabilities | 10/49 | €863,277 | €919,306 | +€56,029 | +6.5% |
| Equity | 10/15 | €491,387 | €557,663 | +€66,276 | +13.5% |
| Contributions | 10/11 | €63,600 | €63,600 | = | 0.0% |
| Reserves | 13 | €427,787 | €494,063 | +€66,276 | +15.5% |
| Non-distributable reserves | 130/1 | €6,360 | €6,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,360 | €6,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €76 | €76 | = | 0.0% |
| Distributable reserves | 133 | €421,351 | €487,627 | +€66,276 | +15.7% |
| Amounts payable | 17/49 | €371,890 | €361,643 | -€10,247 | -2.8% |
| Amounts payable after more than one year | 17 | €263,431 | €238,910 | -€24,521 | -9.3% |
| Financial debts | 170/4 | €263,431 | €238,910 | -€24,521 | -9.3% |
| Amounts payable within one year | 42/48 | €108,459 | €122,733 | +€14,274 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €28,767 | €27,604 | -€1,163 | -4.0% |
| Trade debts | 44 | €10,225 | €18,236 | +€8,012 | +78.4% |
| Suppliers | 440/4 | €10,225 | €18,236 | +€8,012 | +78.4% |
| Taxes, remuneration and social security | 45 | €12,274 | €33,094 | +€20,820 | +170% |
| Taxes | 450/3 | €9,274 | €30,094 | +€20,820 | +225% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €57,194 | €43,799 | -€13,395 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,266 | €29,269 | +€3 | 0.0% |
| Other operating charges | 640/8 | €2,159 | €2,177 | +€18 | +0.8% |
| Gross operating margin | 9900 | €145,877 | €194,358 | +€48,482 | +33.2% |
| Operating profit (loss) | 9901 | €114,452 | €162,913 | +€48,461 | +42.3% |
| Financial income | 75/76B | €12 | €341 | +€329 | +2,699% |
| Recurring financial income | 75 | €12 | €341 | +€329 | +2,699% |
| Financial charges | 65/66B | €8,945 | €7,969 | -€976 | -10.9% |
| Recurring financial charges | 65 | €8,945 | €7,969 | -€976 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €105,519 | €155,285 | +€49,766 | +47.2% |
| Income taxes | 67/77 | €32,155 | €46,228 | +€14,073 | +43.8% |
| Profit (loss) for the period | 9904 | €73,364 | €109,057 | +€35,693 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,364 | €109,057 | +€35,693 | +48.7% |
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 27 October 2026 via checked.be.