VICTORY DC: 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
VICTORY DC
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€57,560
2024 · -€133,415+€75,855
Equity
-€396,214
2024 · -€338,654-€57,560
Cash
€356
2024 · €2,519-€2,163
Balance sheet total
€352,945
2024 · €181,968+€170,977
Largest movements
Assets
- Stocks and contracts +€174,850
up €174,850 (+103%), from €169,288 to €344,138
Equity and liabilities
- Trade debts +€143,378
up €143,378 (+3,746%), from €3,828 to €147,206
- Other debts +€98,201
up €98,201 (+25.1%), from €391,055 to €489,256
- Profit (loss) carried forward -€57,560
down €57,560 (-5.2%), from -€1.1m to -€1.2m
- Debts after one year -€14,383
down €14,383 (-11.6%), from €124,170 to €109,787
Income statement
- Other operating charges -€55,895
down €55,895 (-99.2%), from €56,340 to €445
- Gross operating margin +€21,081
up €21,081 (+30.5%), from -€69,167 to -€48,086
- Staff costs +€1,123
new in 2025: €1,123
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
-€133,415
Gross operating margin
+€21,081
Staff costs
-€1,123
Depreciation
-€307
Other operating charges
+€55,895
Financial charges
+€309
Result 2025
-€57,560
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
+€13,342
Investment
-€1,123
Financing
-€14,383
Cash 2024
€2,519
From operations (derived)
+€13,342
Net result for the year
-€57,560
Depreciation
+€2,334
Stocks and contracts
-€174,850
Receivables within one year
-€526
Deferred charges and accrued income
+€1,025
Trade debts
+€143,378
Tax, wage and social debts
+€1,340
Other debts
+€98,201
Investment (derived)
-€1,123
Investment in fixed assets (net)
-€1,123
Financing
-€14,383
Debts after one year
-€14,383
Cash 2025
€356
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,968 | €352,945 | +€170,977 | +94.0% |
| Fixed assets | 21/28 | €5,099 | €3,887 | -€1,211 | -23.8% |
| Tangible fixed assets | 22/27 | €3,016 | €1,804 | -€1,211 | -40.2% |
| Plant, machinery and equipment | 23 | €3,016 | €1,804 | -€1,211 | -40.2% |
| Financial fixed assets | 28 | €2,083 | €2,083 | = | 0.0% |
| Current assets | 29/58 | €176,870 | €349,058 | +€172,188 | +97.4% |
| Stocks and contracts in progress | 3 | €169,288 | €344,138 | +€174,850 | +103% |
| Stocks | 30/36 | €169,288 | €344,138 | +€174,850 | +103% |
| Amounts receivable within one year | 40/41 | €4,038 | €4,564 | +€526 | +13.0% |
| Trade receivables | 40 | €51 | - | -€51 | |
| Other amounts receivable | 41 | €3,987 | €4,564 | +€578 | +14.5% |
| Cash at bank and in hand | 54/58 | €2,519 | €356 | -€2,163 | -85.9% |
| Deferred charges and accrued income | 490/1 | €1,025 | - | -€1,025 | |
| Total equity and liabilities | 10/49 | €181,968 | €352,945 | +€170,977 | +94.0% |
| Equity | 10/15 | -€338,654 | -€396,214 | -€57,560 | -17.0% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Contributions outside capital | 11 | €743,681 | €743,681 | = | 0.0% |
| Other | 1109/19 | €743,681 | €743,681 | = | 0.0% |
| Reserves | 13 | €16,015 | €16,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,234 | €4,234 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,234 | €4,234 | = | 0.0% |
| Distributable reserves | 133 | €11,782 | €11,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,098,350 | -€1,155,910 | -€57,560 | -5.2% |
| Amounts payable | 17/49 | €520,622 | €749,159 | +€228,537 | +43.9% |
| Amounts payable after more than one year | 17 | €124,170 | €109,787 | -€14,383 | -11.6% |
| Financial debts | 170/4 | €124,170 | €109,787 | -€14,383 | -11.6% |
| Amounts payable within one year | 42/48 | €396,452 | €639,372 | +€242,920 | +61.3% |
| Trade debts | 44 | €3,828 | €147,206 | +€143,378 | +3,746% |
| Suppliers | 440/4 | €3,828 | €147,206 | +€143,378 | +3,746% |
| Taxes, remuneration and social security | 45 | €1,570 | €2,910 | +€1,340 | +85.4% |
| Taxes | 450/3 | €1,570 | €2,910 | +€1,340 | +85.4% |
| Other amounts payable | 47/48 | €391,055 | €489,256 | +€98,201 | +25.1% |
| Remuneration, social security and pensions | 62 | - | €1,123 | +€1,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,027 | €2,334 | +€307 | +15.1% |
| Other operating charges | 640/8 | €56,340 | €445 | -€55,895 | -99.2% |
| Gross operating margin | 9900 | -€69,167 | -€48,086 | +€21,081 | +30.5% |
| Operating profit (loss) | 9901 | -€127,535 | -€51,989 | +€75,546 | +59.2% |
| Financial charges | 65/66B | €5,880 | €5,571 | -€309 | -5.3% |
| Recurring financial charges | 65 | €5,880 | €5,571 | -€309 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€133,415 | -€57,560 | +€75,855 | +56.9% |
| Profit (loss) for the period | 9904 | -€133,415 | -€57,560 | +€75,855 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,415 | -€57,560 | +€75,855 | +56.9% |
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 18 October 2026 via checked.be.