TOV DIAMONDS: 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
TOV DIAMONDS
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€3.1m
2023 · €2.8m+€266,195
Equity
€10.2m
2023 · €8.1m+€2.1m
Cash
€1.1m
2023 · €52,287+€1.0m
Balance sheet total
€13.5m
2023 · €9.7m+€3.8m
Largest movements
Assets
- Stocks and contracts +€1.4m
up €1.4m (+36.8%), from €3.8m to €5.2m
- Receivables within one year +€1.4m
up €1.4m (+23.9%), from €5.8m to €7.2m
of which Trade receivables: +€1.9m
- Cash +€1.0m
up €1.0m (+1,988%), from €52,287 to €1.1m
mainly Net result for the year (+€3.1m) and Trade debts (+€1.6m)
Equity and liabilities
- Reserves +€2.1m
up €2.1m (+25.8%), from €8.1m to €10.2m
- Trade debts +€1.6m
up €1.6m (+121%), from €1.3m to €2.9m
Income statement
- Turnover +€12.1m
new in 2024: €12.1m
- Goods and materials +€7.0m
new in 2024: €7.0m
of which Purchases: +€10.3m
- Gross operating margin -€2.8m
no longer reported in 2024 (was €2.8m)
- Write-downs +€1.9m
new in 2024: €1.9m
From the 2023 result to the 2024 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 2023
€2.8m
Turnover
+€12.1m
Other operating income
+€124
Goods and materials
-€7.0m
Services and other goods
-€115,850
Staff costs
-€1,057
Depreciation
-€102
Write-downs
-€1.9m
Other operating charges
+€260
Other operating items
-€2.8m
Financial income
+€75,738
Financial charges
+€5,841
Taxes
-€20,450
Result 2024
€3.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.0m
Investment
€0
Financing
-€974,699
Cash 2023
€52,287
From operations (derived)
+€2.0m
Net result for the year
+€3.1m
Depreciation
+€1,334
Stocks and contracts
-€1.4m
Receivables within one year
-€1.4m
Smaller working-capital items
-€6,154
Trade debts
+€1.6m
Tax, wage and social debts
+€125,539
Other debts
+€8,199
Financing
-€974,699
Short-term financial debts
-€644
Contributions, distributions and other
-€974,054
Cash 2024
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,691,204 | €13,523,310 | +€3.8m | +39.5% |
| Fixed assets | 21/28 | €9,356 | €8,022 | -€1,334 | -14.3% |
| Tangible fixed assets | 22/27 | €9,356 | €8,022 | -€1,334 | -14.3% |
| Plant, machinery and equipment | 23 | €9,356 | €8,022 | -€1,334 | -14.3% |
| Current assets | 29/58 | €9,681,848 | €13,515,288 | +€3.8m | +39.6% |
| Stocks and contracts in progress | 3 | €3,804,939 | €5,203,279 | +€1.4m | +36.8% |
| Stocks | 30/36 | €3,804,939 | €5,203,279 | +€1.4m | +36.8% |
| Goods purchased for resale | 34 | - | €5,203,279 | +€5.2m | |
| Amounts receivable within one year | 40/41 | €5,823,291 | €7,215,520 | +€1.4m | +23.9% |
| Trade receivables | 40 | €3,031,326 | €4,976,814 | +€1.9m | +64.2% |
| Other amounts receivable | 41 | €2,791,965 | €2,238,706 | -€553,259 | -19.8% |
| Cash at bank and in hand | 54/58 | €52,287 | €1,091,590 | +€1.0m | +1,988% |
| Deferred charges and accrued income | 490/1 | €1,331 | €4,899 | +€3,568 | +268% |
| Total equity and liabilities | 10/49 | €9,691,204 | €13,523,310 | +€3.8m | +39.5% |
| Equity | 10/15 | €8,125,152 | €10,218,652 | +€2.1m | +25.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,106,552 | €10,200,052 | +€2.1m | +25.8% |
| Distributable reserves | 133 | €8,106,552 | €10,200,052 | +€2.1m | +25.8% |
| Amounts payable | 17/49 | €1,566,052 | €3,304,657 | +€1.7m | +111% |
| Amounts payable within one year | 42/48 | €1,563,466 | €3,304,657 | +€1.7m | +111% |
| Financial debts | 43 | €644 | - | -€644 | |
| Credit institutions | 430/8 | €644 | - | -€644 | |
| Trade debts | 44 | €1,330,508 | €2,938,605 | +€1.6m | +121% |
| Suppliers | 440/4 | €1,330,508 | €2,938,605 | +€1.6m | +121% |
| Taxes, remuneration and social security | 45 | €121,037 | €246,577 | +€125,539 | +104% |
| Taxes | 450/3 | €118,318 | €104,491 | -€13,826 | -11.7% |
| Remuneration and social security | 454/9 | €2,720 | €142,085 | +€139,366 | +5,124% |
| Other amounts payable | 47/48 | €111,277 | €119,476 | +€8,199 | +7.4% |
| Accrued charges and deferred income | 492/3 | €2,586 | - | -€2,586 | |
| Operating income | 70/76A | - | €12,068,419 | +€12.1m | |
| Turnover | 70 | - | €12,068,295 | +€12.1m | |
| Other operating income | 74 | - | €124 | +€124 | |
| Operating charges | 60/66A | - | €9,053,804 | +€9.1m | |
| Goods for resale, raw materials and consumables | 60 | - | €7,045,206 | +€7.0m | |
| Purchases | 600/8 | - | €10,319,558 | +€10.3m | |
| Change in stocks: decrease (increase) | 609 | - | -€3,274,352 | -€3.3m | |
| Services and other goods | 61 | - | €115,850 | +€115,850 | |
| Remuneration, social security and pensions | 62 | €10,658 | €11,715 | +€1,057 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,232 | €1,334 | +€102 | +8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,876,012 | +€1.9m | |
| Other operating charges | 640/8 | €3,946 | €3,686 | -€260 | -6.6% |
| Gross operating margin | 9900 | €2,825,387 | - | -€2.8m | |
| Operating profit (loss) | 9901 | €2,809,550 | €3,014,615 | +€205,065 | +7.3% |
| Financial income | 75/76B | €38,554 | €114,293 | +€75,738 | +196% |
| Recurring financial income | 75 | €38,554 | €114,293 | +€75,738 | +196% |
| Other financial income | 752/9 | - | €114,293 | +€114,293 | |
| Financial charges | 65/66B | €20,066 | €14,225 | -€5,841 | -29.1% |
| Recurring financial charges | 65 | €20,066 | €14,225 | -€5,841 | -29.1% |
| Debt charges | 650 | - | €8 | +€8 | |
| Other financial charges | 652/9 | - | €14,217 | +€14,217 | |
| Profit (loss) for the period before taxes | 9903 | €2,828,038 | €3,114,683 | +€286,645 | +10.1% |
| Income taxes | 67/77 | €26,678 | €47,128 | +€20,450 | +76.7% |
| Taxes | 670/3 | - | €47,128 | +€47,128 | |
| Profit (loss) for the period | 9904 | €2,801,360 | €3,067,555 | +€266,195 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,801,360 | €3,067,555 | +€266,195 | +9.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.