Pace Diamonds: what changed
Two fiscal 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
Pace Diamonds
NACE 46.861, Wholesale of diamonds and other precious stones
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€733,953
2024 · €1.9m-€2.6m
Equity
€12.9m
2024 · €13.6m-€733,953
Cash
€1.2m
2024 · €816,111+€377,823
Balance sheet total
€22.8m
2024 · €24.7m-€1.9m
Largest movements
Assets
- Stocks and contracts -€5.2m
down €5.2m (-49.8%), from €10.3m to €5.2m
- Receivables within one year +€2.9m
up €2.9m (+22.7%), from €13.0m to €15.9m
of which Trade receivables: +€3.0m
- Cash +€377,823
up €377,823 (+46.3%), from €816,111 to €1.2m
mainly Stocks and contracts (+€5.2m) and Depreciation (+€43,415)
Equity and liabilities
- Trade debts -€1.0m
down €1.0m (-14.7%), from €7.0m to €5.9m
- Reserves -€733,953
down €733,953 (-10.1%), from €7.3m to €6.6m
of which Distributable reserves: -€733,953
Income statement
- Goods and materials +€8.1m
up €8.1m (+26.2%), from €31.1m to €39.2m
of which Change in stocks: decrease (increase): +€5.5m
- Turnover +€5.7m
up €5.7m (+16.6%), from €34.2m to €39.9m
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
€1.9m
Turnover
+€5.7m
Other operating income
+€15,579
Goods and materials
-€8.1m
Services and other goods
-€140,182
Staff costs
-€74,966
Depreciation
-€10,570
Write-downs
+€39,055
Other operating charges
-€107
Financial income
-€5,138
Financial charges
-€23,735
Taxes
-€10,293
Result 2025
-€733,953
Cash bridge derived
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
+€437,203
Investment
-€20,287
Financing
-€39,092
Cash 2024
€816,111
From operations (derived)
+€437,203
Net result for the year
-€733,953
Depreciation
+€43,415
Stocks and contracts
+€5.2m
Receivables within one year
-€2.9m
Deferred charges and accrued income
+€25,667
Trade debts
-€1.0m
Tax, wage and social debts
+€22,691
Advances received
-€18,542
Other debts
-€78,744
Accrued charges and deferred income
-€4,364
Investment (derived)
-€20,287
Investment in fixed assets (net)
-€20,287
Financing
-€39,092
Debts after one year
+€750
Short-term financial debts
-€39,842
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,717,681 | €22,839,493 | -€1.9m | -7.6% |
| Fixed assets | 21/28 | €526,688 | €503,560 | -€23,128 | -4.4% |
| Tangible fixed assets | 22/27 | €446,764 | €423,636 | -€23,128 | -5.2% |
| Land and buildings | 22 | €339,593 | €338,456 | -€1,137 | -0.3% |
| Plant, machinery and equipment | 23 | €6,576 | €5,477 | -€1,099 | -16.7% |
| Furniture and vehicles | 24 | €100,595 | €79,703 | -€20,892 | -20.8% |
| Financial fixed assets | 28 | €79,924 | €79,924 | = | 0.0% |
| Other financial fixed assets | 284/8 | €79,924 | €79,924 | = | 0.0% |
| Shares | 284 | €79,800 | €79,800 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €24,190,993 | €22,335,932 | -€1.9m | -7.7% |
| Stocks and contracts in progress | 3 | €10,338,252 | €5,184,938 | -€5.2m | -49.8% |
| Stocks | 30/36 | €10,338,252 | €5,184,938 | -€5.2m | -49.8% |
| Goods purchased for resale | 34 | €10,338,252 | €5,184,938 | -€5.2m | -49.8% |
| Amounts receivable within one year | 40/41 | €12,993,763 | €15,939,862 | +€2.9m | +22.7% |
| Trade receivables | 40 | €12,907,565 | €15,921,892 | +€3.0m | +23.4% |
| Other amounts receivable | 41 | €86,199 | €17,970 | -€68,228 | -79.2% |
| Cash at bank and in hand | 54/58 | €816,111 | €1,193,934 | +€377,823 | +46.3% |
| Deferred charges and accrued income | 490/1 | €42,866 | €17,199 | -€25,667 | -59.9% |
| Total equity and liabilities | 10/49 | €24,717,681 | €22,839,493 | -€1.9m | -7.6% |
| Equity | 10/15 | €13,601,220 | €12,867,268 | -€733,953 | -5.4% |
| Contributions | 10/11 | €6,310,837 | €6,310,837 | = | 0.0% |
| Capital | 10 | €6,310,837 | €6,310,837 | = | 0.0% |
| Issued capital | 100 | €6,310,837 | €6,310,837 | = | 0.0% |
| Reserves | 13 | €7,290,383 | €6,556,431 | -€733,953 | -10.1% |
| Non-distributable reserves | 130/1 | €631,084 | €631,084 | = | 0.0% |
| Legal reserve | 130 | €631,084 | €631,084 | = | 0.0% |
| Distributable reserves | 133 | €6,659,300 | €5,925,347 | -€733,953 | -11.0% |
| Amounts payable | 17/49 | €11,116,461 | €9,972,225 | -€1.1m | -10.3% |
| Amounts payable after more than one year | 17 | - | €750 | +€750 | |
| Other amounts payable | 178/9 | - | €750 | +€750 | |
| Amounts payable within one year | 42/48 | €11,091,147 | €9,950,525 | -€1.1m | -10.3% |
| Financial debts | 43 | €3,739,205 | €3,699,363 | -€39,842 | -1.1% |
| Credit institutions | 430/8 | €3,739,205 | €3,699,363 | -€39,842 | -1.1% |
| Trade debts | 44 | €6,972,822 | €5,946,637 | -€1.0m | -14.7% |
| Suppliers | 440/4 | €6,972,822 | €5,946,637 | -€1.0m | -14.7% |
| Advances received on contracts in progress | 46 | €27,938 | €9,396 | -€18,542 | -66.4% |
| Taxes, remuneration and social security | 45 | €78,635 | €101,326 | +€22,691 | +28.9% |
| Taxes | 450/3 | €61,000 | €71,000 | +€10,000 | +16.4% |
| Remuneration and social security | 454/9 | €17,635 | €30,326 | +€12,691 | +72.0% |
| Other amounts payable | 47/48 | €272,547 | €193,803 | -€78,744 | -28.9% |
| Accrued charges and deferred income | 492/3 | €25,313 | €20,949 | -€4,364 | -17.2% |
| Operating income | 70/76A | €34,229,679 | €39,940,359 | +€5.7m | +16.7% |
| Turnover | 70 | €34,215,191 | €39,910,293 | +€5.7m | +16.6% |
| Other operating income | 74 | €14,487 | €30,066 | +€15,579 | +107.5% |
| Operating charges | 60/66A | €31,829,086 | €40,145,582 | +€8.3m | +26.1% |
| Goods for resale, raw materials and consumables | 60 | €31,065,984 | €39,195,710 | +€8.1m | +26.2% |
| Purchases | 600/8 | €31,415,139 | €34,042,395 | +€2.6m | +8.4% |
| Change in stocks: decrease (increase) | 609 | -€349,155 | €5,153,315 | +€5.5m | |
| Services and other goods | 61 | €528,973 | €669,155 | +€140,182 | +26.5% |
| Remuneration, social security and pensions | 62 | €179,248 | €254,213 | +€74,966 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,846 | €43,415 | +€10,570 | +32.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,303 | -€25,752 | -€39,055 | |
| Other operating charges | 640/8 | €8,732 | €8,839 | +€107 | +1.2% |
| Operating profit (loss) | 9901 | €2,400,593 | -€205,222 | -€2.6m | |
| Financial income | 75/76B | €7,360 | €2,222 | -€5,138 | -69.8% |
| Recurring financial income | 75 | €7,360 | €2,222 | -€5,138 | -69.8% |
| Income from current assets | 751 | €6,769 | €1,981 | -€4,788 | -70.7% |
| Other financial income | 752/9 | €591 | €241 | -€349 | -59.1% |
| Financial charges | 65/66B | €435,948 | €459,682 | +€23,735 | +5.4% |
| Recurring financial charges | 65 | €435,948 | €459,682 | +€23,735 | +5.4% |
| Debt charges | 650 | €315,030 | €317,652 | +€2,622 | +0.8% |
| Other financial charges | 652/9 | €120,918 | €142,030 | +€21,113 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €1,972,005 | -€662,682 | -€2.6m | |
| Income taxes | 67/77 | €60,978 | €71,270 | +€10,293 | +16.9% |
| Taxes | 670/3 | €60,978 | €71,270 | +€10,293 | +16.9% |
| Profit (loss) for the period | 9904 | €1,911,028 | -€733,953 | -€2.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,911,028 | -€733,953 | -€2.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.