LE COLLECTION'HEURE: 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
LE COLLECTION'HEURE
NACE 47.770, Retail sale of watches and jewellery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€164,070
2024 · €168,021-€3,951
Equity
€1.0m
2024 · €964,616+€84,070
Cash
€121,501
2024 · €91,725+€29,777
Balance sheet total
€3.6m
2024 · €3.4m+€250,330
Largest movements
Assets
- Stocks and contracts +€347,133
up €347,133 (+18.4%), from €1.9m to €2.2m
- Receivables within one year -€108,638
down €108,638 (-8.5%), from €1.3m to €1.2m
Equity and liabilities
- Reserves +€100,000
up €100,000 (+12.4%), from €807,000 to €907,000
- Advances received +€70,100
up €70,100 (+1,049%), from €6,685 to €76,785
- Trade debts +€55,772
up €55,772 (+5.0%), from €1.1m to €1.2m
- Other debts +€40,644
up €40,644 (+8.5%), from €475,975 to €516,618
Income statement
- Gross operating margin +€59,080
up €59,080 (+13.3%), from €444,571 to €503,651
- Staff costs +€50,652
up €50,652 (+38.8%), from €130,420 to €181,071
- Financial charges +€20,205
up €20,205 (+58.8%), from €34,366 to €54,571
- Other operating charges -€5,118
down €5,118 (-55.2%), from €9,267 to €4,149
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
€168,021
Gross operating margin
+€59,080
Staff costs
-€50,652
Depreciation
-€1,833
Other operating charges
+€5,118
Financial income
+€45
Financial charges
-€20,205
Taxes
+€4,495
Result 2025
€164,070
raises the resultlowers the result
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
+€122,680
Investment
-€6,671
Financing
-€86,232
Cash 2024
€91,725
From operations (derived)
+€122,680
Net result for the year
+€164,070
Depreciation
+€24,367
Stocks and contracts
-€347,133
Receivables within one year
+€108,638
Deferred charges and accrued income
+€246
Trade debts
+€55,772
Tax, wage and social debts
+€5,976
Advances received
+€70,100
Other debts
+€40,644
Investment (derived)
-€6,671
Investment in fixed assets (net)
-€6,671
Financing
-€86,232
Debts after one year
-€15,874
Current portion of long-term debt
+€643
Short-term financial debts
+€9,000
Contributions, distributions and other
-€80,000
Cash 2025
€121,501
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,395,111 | €3,645,441 | +€250,330 | +7.4% |
| Fixed assets | 21/28 | €135,360 | €117,664 | -€17,695 | -13.1% |
| Tangible fixed assets | 22/27 | €134,395 | €116,700 | -€17,695 | -13.2% |
| Plant, machinery and equipment | 23 | €10,026 | €7,744 | -€2,282 | -22.8% |
| Furniture and vehicles | 24 | €116,303 | €102,003 | -€14,301 | -12.3% |
| Other tangible fixed assets | 26 | €8,066 | €6,953 | -€1,112 | -13.8% |
| Financial fixed assets | 28 | €965 | €965 | = | 0.0% |
| Current assets | 29/58 | €3,259,751 | €3,527,776 | +€268,025 | +8.2% |
| Stocks and contracts in progress | 3 | €1,886,717 | €2,233,850 | +€347,133 | +18.4% |
| Stocks | 30/36 | €1,886,717 | €2,233,850 | +€347,133 | +18.4% |
| Amounts receivable within one year | 40/41 | €1,273,017 | €1,164,379 | -€108,638 | -8.5% |
| Trade receivables | 40 | €1,273,017 | €1,164,379 | -€108,638 | -8.5% |
| Cash at bank and in hand | 54/58 | €91,725 | €121,501 | +€29,777 | +32.5% |
| Deferred charges and accrued income | 490/1 | €8,292 | €8,046 | -€246 | -3.0% |
| Total equity and liabilities | 10/49 | €3,395,111 | €3,645,441 | +€250,330 | +7.4% |
| Equity | 10/15 | €964,616 | €1,048,686 | +€84,070 | +8.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €807,000 | €907,000 | +€100,000 | +12.4% |
| Distributable reserves | 133 | €807,000 | €907,000 | +€100,000 | +12.4% |
| Profit (loss) carried forward | 14 | €137,156 | €121,226 | -€15,930 | -11.6% |
| Amounts payable | 17/49 | €2,430,495 | €2,596,755 | +€166,260 | +6.8% |
| Amounts payable after more than one year | 17 | €63,065 | €47,190 | -€15,874 | -25.2% |
| Financial debts | 170/4 | €63,065 | €47,190 | -€15,874 | -25.2% |
| Amounts payable within one year | 42/48 | €2,362,030 | €2,544,164 | +€182,134 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €15,232 | €15,874 | +€643 | +4.2% |
| Financial debts | 43 | €650,000 | €659,000 | +€9,000 | +1.4% |
| Credit institutions | 430/8 | €650,000 | €659,000 | +€9,000 | +1.4% |
| Trade debts | 44 | €1,117,796 | €1,173,568 | +€55,772 | +5.0% |
| Suppliers | 440/4 | €1,117,796 | €1,173,568 | +€55,772 | +5.0% |
| Advances received on contracts in progress | 46 | €6,685 | €76,785 | +€70,100 | +1,049% |
| Taxes, remuneration and social security | 45 | €96,343 | €102,319 | +€5,976 | +6.2% |
| Taxes | 450/3 | €81,406 | €84,452 | +€3,046 | +3.7% |
| Remuneration and social security | 454/9 | €14,937 | €17,867 | +€2,930 | +19.6% |
| Other amounts payable | 47/48 | €475,975 | €516,618 | +€40,644 | +8.5% |
| Accrued charges and deferred income | 492/3 | €5,400 | €5,400 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €130,420 | €181,071 | +€50,652 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,533 | €24,367 | +€1,833 | +8.1% |
| Other operating charges | 640/8 | €9,267 | €4,149 | -€5,118 | -55.2% |
| Gross operating margin | 9900 | €444,571 | €503,651 | +€59,080 | +13.3% |
| Operating profit (loss) | 9901 | €282,351 | €294,064 | +€11,713 | +4.1% |
| Financial income | 75/76B | €88 | €133 | +€45 | +51.6% |
| Recurring financial income | 75 | €88 | €133 | +€45 | +51.6% |
| Financial charges | 65/66B | €34,366 | €54,571 | +€20,205 | +58.8% |
| Recurring financial charges | 65 | €34,366 | €54,571 | +€20,205 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €248,072 | €239,626 | -€8,446 | -3.4% |
| Income taxes | 67/77 | €80,052 | €75,556 | -€4,495 | -5.6% |
| Profit (loss) for the period | 9904 | €168,021 | €164,070 | -€3,951 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €168,021 | €164,070 | -€3,951 | -2.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.