Pace Jewels: 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.
Pace Jewels
Largest movements
- Receivables within one year +€523,898
up €523,898 (+39.4%), from €1.3m to €1.9m
of which Trade receivables: +€534,677
- Stocks and contracts +€217,561
up €217,561 (+18.3%), from €1.2m to €1.4m
- Deferred charges and accrued income +€68,442
up €68,442 (+74.1%), from €92,402 to €160,845
- Trade debts +€984,208
up €984,208 (+62.5%), from €1.6m to €2.6m
- Reserves -€92,865
down €92,865 (-40.5%), from €229,065 to €136,200
of which Distributable reserves: -€92,865
- Profit (loss) carried forward -€86,228
new in 2025: -€86,228
- Gross operating margin -€174,563
down €174,563, from €97,394 to -€77,168
- Financial income +€96,819
up €96,819 (+322,730,400%), from €0 to €96,819
- Staff costs +€38,390
up €38,390 (+30.7%), from €125,084 to €163,474
- Financial charges -€7,139
down €7,139 (-42.2%), from €16,933 to €9,794
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 | €2,860,428 | €3,677,600 | +€817,172 | +28.6% |
| Fixed assets | 21/28 | €2,330 | €1,673 | -€657 | -28.2% |
| Tangible fixed assets | 22/27 | €2,280 | €1,623 | -€657 | -28.8% |
| Plant, machinery and equipment | 23 | €83 | - | -€83 | |
| Furniture and vehicles | 24 | €2,197 | €1,623 | -€574 | -26.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €2,858,098 | €3,675,927 | +€817,828 | +28.6% |
| Stocks and contracts in progress | 3 | €1,190,057 | €1,407,618 | +€217,561 | +18.3% |
| Stocks | 30/36 | €1,190,057 | €1,407,618 | +€217,561 | +18.3% |
| Amounts receivable within one year | 40/41 | €1,331,329 | €1,855,227 | +€523,898 | +39.4% |
| Trade receivables | 40 | €1,264,376 | €1,799,054 | +€534,677 | +42.3% |
| Other amounts receivable | 41 | €66,952 | €56,173 | -€10,779 | -16.1% |
| Cash at bank and in hand | 54/58 | €244,311 | €252,238 | +€7,927 | +3.2% |
| Deferred charges and accrued income | 490/1 | €92,402 | €160,845 | +€68,442 | +74.1% |
| Total equity and liabilities | 10/49 | €2,860,428 | €3,677,600 | +€817,172 | +28.6% |
| Equity | 10/15 | €1,254,065 | €1,074,972 | -€179,094 | -14.3% |
| Contributions | 10/11 | €1,025,000 | €1,025,000 | = | 0.0% |
| Capital | 10 | €1,025,000 | €1,025,000 | = | 0.0% |
| Issued capital | 100 | €1,362,000 | €1,362,000 | = | 0.0% |
| Uncalled capital | 101 | €337,000 | €337,000 | = | 0.0% |
| Reserves | 13 | €229,065 | €136,200 | -€92,865 | -40.5% |
| Non-distributable reserves | 130/1 | €136,200 | €136,200 | = | 0.0% |
| Legal reserve | 130 | €136,200 | €136,200 | = | 0.0% |
| Distributable reserves | 133 | €92,865 | - | -€92,865 | |
| Profit (loss) carried forward | 14 | - | -€86,228 | -€86,228 | |
| Amounts payable | 17/49 | €1,606,363 | €2,602,628 | +€996,265 | +62.0% |
| Amounts payable within one year | 42/48 | €1,606,363 | €2,602,628 | +€996,265 | +62.0% |
| Trade debts | 44 | €1,573,793 | €2,558,001 | +€984,208 | +62.5% |
| Suppliers | 440/4 | €1,573,793 | €2,558,001 | +€984,208 | +62.5% |
| Advances received on contracts in progress | 46 | €16,170 | €14,692 | -€1,478 | -9.1% |
| Taxes, remuneration and social security | 45 | €14,850 | €26,438 | +€11,589 | +78.0% |
| Remuneration and social security | 454/9 | €14,850 | €26,438 | +€11,589 | +78.0% |
| Other amounts payable | 47/48 | €1,550 | €3,497 | +€1,947 | +126% |
| Remuneration, social security and pensions | 62 | €125,084 | €163,474 | +€38,390 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,288 | €657 | -€631 | -49.0% |
| Other operating charges | 640/8 | €1,333 | €1,118 | -€215 | -16.1% |
| Non-recurring operating charges | 66A | - | €23,304 | +€23,304 | |
| Gross operating margin | 9900 | €97,394 | -€77,168 | -€174,563 | |
| Operating profit (loss) | 9901 | -€30,310 | -€265,722 | -€235,412 | -777% |
| Financial income | 75/76B | €0 | €96,819 | +€96,819 | +322,730,400% |
| Recurring financial income | 75 | €0 | €96,819 | +€96,819 | +322,730,400% |
| Financial charges | 65/66B | €16,933 | €9,794 | -€7,139 | -42.2% |
| Recurring financial charges | 65 | €16,933 | €9,794 | -€7,139 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,243 | -€178,696 | -€131,453 | -278% |
| Income taxes | 67/77 | -€442 | €397 | +€839 | |
| Profit (loss) for the period | 9904 | -€46,801 | -€179,094 | -€132,293 | -283% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,801 | -€179,094 | -€132,293 | -283% |
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 31 October 2026 via checked.be.