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Juwelier Duprez: what changed

BE 0417.381.003NACE 47.770, Retail sale of watches and jewelleryOther company

Position among the sector peers

What moved between 2024 and 2025

Net result for the year
€43,698
2024 · €31,261+€12,437
Equity
€478,903
2024 · €435,206+€43,698
Cash
€103,212
2024 · €100,398+€2,814
Balance sheet total
€640,192
2024 · €598,832+€41,360

Largest movements

2024 to 2025
Assets
  • Stocks and contracts +€46,327

    up €46,327 (+9.6%), from €484,713 to €531,040

Equity and liabilities
  • Reserves +€43,698

    up €43,698 (+15.8%), from €276,492 to €320,189

Income statement
  • Gross operating margin +€21,074

    up €21,074 (+26.7%), from €78,827 to €99,900

  • Taxes +€5,485

    up €5,485 (+35.2%), from €15,567 to €21,052

  • Financial charges +€3,577

    up €3,577 (+13.0%), from €27,483 to €31,060

Change in the result, 2024 to 2025

effect on the result

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 €31,261
Gross operating margin +€21,074
Other operating charges -€124
Financial income +€548
Financial charges -€3,577
Taxes -€5,485
Result 2025 €43,698
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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 -€682
Investment €0
Financing +€3,496
Cash 2024 €100,398
Net result for the year +€43,698
Depreciation +€4,313
Stocks and contracts -€46,327
Receivables within one year +€3,518
Deferred charges and accrued income -€51
Trade debts +€568
Tax, wage and social debts -€1,199
Other debts -€4,698
Accrued charges and deferred income -€505
Short-term financial debts +€3,496
Cash 2025 €103,212
brings cash intakes cash out
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €598,832 €640,192 +€41,360 +6.9%
Fixed assets 21/28 €7,875 €3,561 -€4,313 -54.8%
Tangible fixed assets 22/27 €7,875 €3,561 -€4,313 -54.8%
Plant, machinery and equipment 23 €1,130 €496 -€633 -56.1%
Furniture and vehicles 24 €6,745 €3,065 -€3,680 -54.6%
Current assets 29/58 €590,957 €636,630 +€45,674 +7.7%
Stocks and contracts in progress 3 €484,713 €531,040 +€46,327 +9.6%
Stocks 30/36 €484,713 €531,040 +€46,327 +9.6%
Amounts receivable within one year 40/41 €3,543 €25 -€3,518 -99.3%
Trade receivables 40 €0 €25 +€25
Other amounts receivable 41 €3,543 €0 -€3,543 -100%
Cash at bank and in hand 54/58 €100,398 €103,212 +€2,814 +2.8%
Deferred charges and accrued income 490/1 €2,303 €2,354 +€51 +2.2%
Total equity and liabilities 10/49 €598,832 €640,192 +€41,360 +6.9%
Equity 10/15 €435,206 €478,903 +€43,698 +10.0%
Contributions 10/11 €158,700 €158,700 = 0.0%
Reserves 13 €276,492 €320,189 +€43,698 +15.8%
Distributable reserves 133 €276,492 €320,189 +€43,698 +15.8%
Profit (loss) carried forward 14 €14 €14 = 0.0%
Amounts payable 17/49 €163,626 €161,289 -€2,337 -1.4%
Amounts payable within one year 42/48 €155,937 €154,105 -€1,833 -1.2%
Financial debts 43 €8,239 €11,734 +€3,496 +42.4%
Credit institutions 430/8 €8,239 €11,734 +€3,496 +42.4%
Trade debts 44 €945 €1,513 +€568 +60.2%
Suppliers 440/4 €945 €1,513 +€568 +60.2%
Taxes, remuneration and social security 45 €5,442 €4,243 -€1,199 -22.0%
Taxes 450/3 €5,442 €4,243 -€1,199 -22.0%
Other amounts payable 47/48 €141,311 €136,614 -€4,698 -3.3%
Accrued charges and deferred income 492/3 €7,689 €7,184 -€505 -6.6%
Non-recurring operating income 76A €0 €199 +€199
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €4,313 €4,313 = 0.0%
Other operating charges 640/8 €1,087 €1,211 +€124 +11.4%
Gross operating margin 9900 €78,827 €99,900 +€21,074 +26.7%
Operating profit (loss) 9901 €73,427 €94,376 +€20,949 +28.5%
Financial income 75/76B €885 €1,434 +€548 +61.9%
Recurring financial income 75 €885 €1,434 +€548 +61.9%
Financial charges 65/66B €27,483 €31,060 +€3,577 +13.0%
Recurring financial charges 65 €27,483 €31,060 +€3,577 +13.0%
Profit (loss) for the period before taxes 9903 €46,828 €64,750 +€17,921 +38.3%
Income taxes 67/77 €15,567 €21,052 +€5,485 +35.2%
Profit (loss) for the period 9904 €31,261 €43,698 +€12,437 +39.8%
Profit (loss) for the period to be appropriated 9905 €31,261 €43,698 +€12,437 +39.8%

Value

latest balance sheet 30-09-2025 · indication, not a valuation or advice

Indicative value of the equity

Indication, not a valuation or advice
€390,527 to €450,957

Midpoint €415,706 · 50% capitalised earnings, 50% adjusted equity

Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50%

Adjusted equity €478,903
Capitalised earnings €302,150 to €423,010
Indication €390,527 to €450,957

Adjusted equity

balance sheet 30-09-2025
Equity (10/15)
€478,903
Revaluation of assets
€0
Deferred tax on the revaluation
€0
Other adjustment
€0
Adjusted equity
€478,903

Capitalised earnings

net result for the year (9904)
2025
€43,698
excluding non-recurring income and charges
€43,499
2024
€31,261
2023
€54,143
excluding non-recurring income and charges
€52,143
2022
€39,536
excluding non-recurring income and charges
€31,029
2021
€34,596
Average result, excluding non-recurring income and charges
€42,301
Divided by the capitalisation rate
14% / 12% / 10%
Capitalised earnings
€302,150 / €352,508 / €423,010

Limits of the indication

  • Checked holds no market prices or comparable transactions.
  • Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
  • Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
  • The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.

For a valuation to base a decision on, go to a company auditor or a certified accountant.

Calculation and sources

Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 9 November 2026 via checked.be.