JUWELIER MICHEL: what changed
What changed
JUWELIER MICHEL
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
€127
2024 · €1,363-€1,237
Equity
€13,903
2024 · €13,777+€127
Cash
€21,713
2024 · €9,482+€12,231
Balance sheet total
€76,720
2024 · €76,228+€492
Largest movements
Assets
- Tangible fixed assets -€16,954
down €16,954 (-48.1%), from €35,264 to €18,310
of which Furniture and vehicles: -€16,096
- Cash +€12,231
up €12,231 (+129%), from €9,482 to €21,713
mainly Depreciation (+€16,954) and Trade debts (+€882)
- Stocks and contracts +€5,216
up €5,216 (+16.6%), from €31,370 to €36,586
Equity and liabilities
- Trade debts +€882
up €882 (+94.3%), from €935 to €1,816
Income statement
- Gross operating margin -€1,450
down €1,450 (-7.1%), from €20,456 to €19,006
- Depreciation +€378
up €378 (+2.3%), from €16,576 to €16,954
- Taxes -€361
down €361 (-45.8%), from €789 to €428
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
€1,363
Gross operating margin
-€1,450
Depreciation
-€378
Other operating charges
-€104
Other operating items
+€322
Financial income
+€16
Financial charges
-€3
Taxes
+€361
Result 2025
€127
raises the resultlowers the resultnot broken down further in the accounts
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
+€12,231
Investment
€0
Financing
€0
Cash 2024
€9,482
From operations (derived)
+€12,231
Net result for the year
+€127
Depreciation
+€16,954
Stocks and contracts
-€5,216
Trade debts
+€882
Tax, wage and social debts
+€147
Other debts
-€664
Cash 2025
€21,713
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,228 | €76,720 | +€492 | +0.6% |
| Fixed assets | 21/28 | €35,264 | €18,310 | -€16,954 | -48.1% |
| Tangible fixed assets | 22/27 | €35,264 | €18,310 | -€16,954 | -48.1% |
| Land and buildings | 22 | €2,091 | €1,663 | -€428 | -20.5% |
| Plant, machinery and equipment | 23 | €609 | €179 | -€430 | -70.6% |
| Furniture and vehicles | 24 | €32,564 | €16,468 | -€16,096 | -49.4% |
| Current assets | 29/58 | €40,964 | €58,410 | +€17,446 | +42.6% |
| Stocks and contracts in progress | 3 | €31,370 | €36,586 | +€5,216 | +16.6% |
| Stocks | 30/36 | €31,370 | €36,586 | +€5,216 | +16.6% |
| Amounts receivable within one year | 40/41 | €111 | €111 | = | 0.0% |
| Trade receivables | 40 | €104 | €104 | = | 0.0% |
| Other amounts receivable | 41 | €7 | €7 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,482 | €21,713 | +€12,231 | +129% |
| Total equity and liabilities | 10/49 | €76,228 | €76,720 | +€492 | +0.6% |
| Equity | 10/15 | €13,777 | €13,903 | +€127 | +0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,815 | -€4,689 | +€127 | +2.6% |
| Amounts payable | 17/49 | €62,452 | €62,817 | +€365 | +0.6% |
| Amounts payable within one year | 42/48 | €62,452 | €62,817 | +€365 | +0.6% |
| Trade debts | 44 | €935 | €1,816 | +€882 | +94.3% |
| Suppliers | 440/4 | €935 | €1,816 | +€882 | +94.3% |
| Taxes, remuneration and social security | 45 | €994 | €1,141 | +€147 | +14.8% |
| Taxes | 450/3 | €994 | €1,141 | +€147 | +14.8% |
| Other amounts payable | 47/48 | €60,523 | €59,859 | -€664 | -1.1% |
| Non-recurring operating income | 76A | €7,500 | - | -€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,576 | €16,954 | +€378 | +2.3% |
| Other operating charges | 640/8 | €1,183 | €1,287 | +€104 | +8.8% |
| Non-recurring operating charges | 66A | €582 | €260 | -€322 | -55.3% |
| Gross operating margin | 9900 | €20,456 | €19,006 | -€1,450 | -7.1% |
| Operating profit (loss) | 9901 | €2,115 | €504 | -€1,611 | -76.2% |
| Financial income | 75/76B | €37 | €53 | +€16 | +43.2% |
| Recurring financial income | 75 | €37 | €53 | +€16 | +43.2% |
| Financial charges | 65/66B | €0 | €3 | +€3 | +5,000% |
| Recurring financial charges | 65 | €0 | €3 | +€3 | +5,000% |
| Profit (loss) for the period before taxes | 9903 | €2,152 | €554 | -€1,598 | -74.3% |
| Income taxes | 67/77 | €789 | €428 | -€361 | -45.8% |
| Profit (loss) for the period | 9904 | €1,363 | €127 | -€1,237 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,363 | €127 | -€1,237 | -90.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.