VICTOR 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
VICTOR DIAMONDS
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€92,932
2024 · €389,841-€296,909
Equity
€563,645
2024 · €470,712+€92,933
Cash
€78,687
2024 · €95,443-€16,756
Balance sheet total
€2.8m
2024 · €1.9m+€917,860
Largest movements
Assets
- Receivables within one year +€567,701
up €567,701 (+32,501%), from €1,747 to €569,448
of which Trade receivables: +€562,274
- Stocks and contracts +€370,145
up €370,145 (+26.1%), from €1.4m to €1.8m
Equity and liabilities
- Trade debts +€885,587
up €885,587 (+79.4%), from €1.1m to €2.0m
- Reserves +€92,933
up €92,933 (+20.9%), from €445,642 to €538,575
of which Distributable reserves: +€92,933
- Debts after one year -€59,054
down €59,054 (-18.1%), from €325,622 to €266,568
of which Financial debts: -€42,831
Income statement
- Turnover +€8.1m
new in 2025: €8.1m
- Purchases and services +€7.9m
new in 2025: €7.9m
- Gross operating margin -€244,701
down €244,701 (-50.7%), from €482,946 to €238,245
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
€389,841
Gross operating margin
-€244,701
Staff costs
-€39,104
Depreciation
-€2,919
Other operating charges
+€2
Financial income
-€853
Financial charges
-€5,882
Taxes
-€3,451
Result 2025
€92,932
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
+€66,859
Investment
-€24,563
Financing
-€59,053
Cash 2024
€95,443
From operations (derived)
+€66,859
Net result for the year
+€92,932
Depreciation
+€26,756
Stocks and contracts
-€370,145
Receivables within one year
-€567,701
Smaller working-capital items
-€569
Trade debts
+€885,587
Investment (derived)
-€24,563
Investment in fixed assets (net)
-€24,563
Financing
-€59,053
Debts after one year
-€59,054
Contributions, distributions and other
+€1
Cash 2025
€78,687
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,919,309 | €2,837,169 | +€917,860 | +47.8% |
| Fixed assets | 21/28 | €398,964 | €396,771 | -€2,193 | -0.5% |
| Tangible fixed assets | 22/27 | €397,665 | €395,472 | -€2,193 | -0.6% |
| Land and buildings | 22 | €393,444 | €370,443 | -€23,001 | -5.8% |
| Plant, machinery and equipment | 23 | €525 | €14,896 | +€14,371 | +2,739% |
| Furniture and vehicles | 24 | €3,696 | €10,133 | +€6,437 | +174% |
| Financial fixed assets | 28 | €1,299 | €1,299 | -€0 | 0.0% |
| Current assets | 29/58 | €1,520,345 | €2,440,398 | +€920,053 | +60.5% |
| Stocks and contracts in progress | 3 | €1,417,494 | €1,787,639 | +€370,145 | +26.1% |
| Stocks | 30/36 | €1,417,494 | €1,787,639 | +€370,145 | +26.1% |
| Amounts receivable within one year | 40/41 | €1,747 | €569,448 | +€567,701 | +32,501% |
| Trade receivables | 40 | - | €562,274 | +€562,274 | |
| Other amounts receivable | 41 | €1,747 | €7,174 | +€5,427 | +311% |
| Cash at bank and in hand | 54/58 | €95,443 | €78,687 | -€16,756 | -17.6% |
| Deferred charges and accrued income | 490/1 | €5,661 | €4,624 | -€1,037 | -18.3% |
| Total equity and liabilities | 10/49 | €1,919,309 | €2,837,169 | +€917,860 | +47.8% |
| Equity | 10/15 | €470,712 | €563,645 | +€92,933 | +19.7% |
| Contributions | 10/11 | €25,070 | €25,070 | = | 0.0% |
| Reserves | 13 | €445,642 | €538,575 | +€92,933 | +20.9% |
| Non-distributable reserves | 130/1 | €2,507 | €2,507 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,507 | €2,507 | = | 0.0% |
| Distributable reserves | 133 | €443,135 | €536,068 | +€92,933 | +21.0% |
| Amounts payable | 17/49 | €1,448,597 | €2,273,524 | +€824,927 | +56.9% |
| Amounts payable after more than one year | 17 | €325,622 | €266,568 | -€59,054 | -18.1% |
| Financial debts | 170/4 | €183,592 | €140,761 | -€42,831 | -23.3% |
| Other amounts payable | 178/9 | €142,029 | €125,807 | -€16,222 | -11.4% |
| Amounts payable within one year | 42/48 | €1,122,976 | €2,006,956 | +€883,980 | +78.7% |
| Trade debts | 44 | €1,115,802 | €2,001,389 | +€885,587 | +79.4% |
| Suppliers | 440/4 | €1,115,802 | €2,001,389 | +€885,587 | +79.4% |
| Taxes, remuneration and social security | 45 | €7,173 | €5,567 | -€1,606 | -22.4% |
| Taxes | 450/3 | €2,129 | €523 | -€1,606 | -75.4% |
| Remuneration and social security | 454/9 | €5,044 | €5,044 | -€0 | 0.0% |
| Turnover | 70 | - | €8,126,737 | +€8.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €7,888,749 | +€7.9m | |
| Remuneration, social security and pensions | 62 | €53,752 | €92,856 | +€39,104 | +72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,837 | €26,756 | +€2,919 | +12.2% |
| Other operating charges | 640/8 | €592 | €590 | -€2 | -0.3% |
| Gross operating margin | 9900 | €482,946 | €238,245 | -€244,701 | -50.7% |
| Operating profit (loss) | 9901 | €404,765 | €118,043 | -€286,722 | -70.8% |
| Financial income | 75/76B | €1,974 | €1,121 | -€853 | -43.2% |
| Recurring financial income | 75 | €1,974 | €1,121 | -€853 | -43.2% |
| Financial charges | 65/66B | €11,301 | €17,183 | +€5,882 | +52.1% |
| Recurring financial charges | 65 | €11,301 | €17,183 | +€5,882 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €395,438 | €101,981 | -€293,457 | -74.2% |
| Income taxes | 67/77 | €5,598 | €9,049 | +€3,451 | +61.7% |
| Profit (loss) for the period | 9904 | €389,841 | €92,932 | -€296,909 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €389,841 | €92,932 | -€296,909 | -76.2% |
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 29 October 2026 via checked.be.