WATCH ACCESSORIES: 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.
WATCH ACCESSORIES
Largest movements
- Receivables within one year -€8,628
down €8,628 (-43.0%), from €20,076 to €11,448
of which Other amounts receivable: -€5,651
- Tangible fixed assets -€4,818
down €4,818 (-12.5%), from €38,626 to €33,808
of which Other tangible fixed assets: -€3,738
- Cash -€4,667
down €4,667 (-16.6%), from €28,065 to €23,398
mainly Net result for the year (-€59,881) and Trade debts (-€3,760)
- Stocks and contracts +€2,204
up €2,204 (+2.5%), from €87,978 to €90,183
- Profit (loss) carried forward -€59,881
down €59,881 (-104%), from -€57,340 to -€117,221
- Other debts +€39,610
up €39,610 (+18.9%), from €209,249 to €248,859
- Tax, wage and social debts +€8,123
up €8,123 (+130%), from €6,266 to €14,389
of which Remuneration and social security: +€4,632
- Trade debts -€3,760
down €3,760 (-23.4%), from €16,050 to €12,290
- Staff costs +€9,118
up €9,118 (+19.4%), from €46,894 to €56,012
- Gross operating margin +€7,914
up €7,914, from -€4,161 to €3,753
- Financial charges +€749
up €749 (+66.4%), from €1,128 to €1,877
- Depreciation +€665
up €665 (+16.0%), from €4,153 to €4,818
- Other operating charges -€69
down €69 (-6.9%), from €1,004 to €934
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 | €184,225 | €168,316 | -€15,909 | -8.6% |
| Fixed assets | 21/28 | €48,106 | €43,288 | -€4,818 | -10.0% |
| Tangible fixed assets | 22/27 | €38,626 | €33,808 | -€4,818 | -12.5% |
| Plant, machinery and equipment | 23 | €1,361 | €1,036 | -€325 | -23.9% |
| Furniture and vehicles | 24 | €3,103 | €2,349 | -€754 | -24.3% |
| Other tangible fixed assets | 26 | €34,162 | €30,424 | -€3,738 | -10.9% |
| Financial fixed assets | 28 | €9,480 | €9,480 | = | 0.0% |
| Current assets | 29/58 | €136,119 | €125,028 | -€11,091 | -8.1% |
| Stocks and contracts in progress | 3 | €87,978 | €90,183 | +€2,204 | +2.5% |
| Stocks | 30/36 | €87,978 | €90,183 | +€2,204 | +2.5% |
| Amounts receivable within one year | 40/41 | €20,076 | €11,448 | -€8,628 | -43.0% |
| Trade receivables | 40 | €14,421 | €11,444 | -€2,977 | -20.6% |
| Other amounts receivable | 41 | €5,654 | €4 | -€5,651 | -99.9% |
| Cash at bank and in hand | 54/58 | €28,065 | €23,398 | -€4,667 | -16.6% |
| Total equity and liabilities | 10/49 | €184,225 | €168,316 | -€15,909 | -8.6% |
| Equity | 10/15 | -€47,340 | -€107,221 | -€59,881 | -126% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,340 | -€117,221 | -€59,881 | -104% |
| Amounts payable | 17/49 | €231,564 | €275,537 | +€43,973 | +19.0% |
| Amounts payable within one year | 42/48 | €231,564 | €275,537 | +€43,973 | +19.0% |
| Trade debts | 44 | €16,050 | €12,290 | -€3,760 | -23.4% |
| Suppliers | 440/4 | €16,050 | €12,290 | -€3,760 | -23.4% |
| Taxes, remuneration and social security | 45 | €6,266 | €14,389 | +€8,123 | +130% |
| Taxes | 450/3 | - | €3,491 | +€3,491 | |
| Remuneration and social security | 454/9 | €6,266 | €10,898 | +€4,632 | +73.9% |
| Other amounts payable | 47/48 | €209,249 | €248,859 | +€39,610 | +18.9% |
| Remuneration, social security and pensions | 62 | €46,894 | €56,012 | +€9,118 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,153 | €4,818 | +€665 | +16.0% |
| Other operating charges | 640/8 | €1,004 | €934 | -€69 | -6.9% |
| Gross operating margin | 9900 | -€4,161 | €3,753 | +€7,914 | |
| Operating profit (loss) | 9901 | -€56,212 | -€58,011 | -€1,799 | -3.2% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,128 | €1,877 | +€749 | +66.4% |
| Recurring financial charges | 65 | €1,128 | €1,877 | +€749 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | -€57,340 | -€59,881 | -€2,542 | -4.4% |
| Profit (loss) for the period | 9904 | -€57,340 | -€59,881 | -€2,542 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,340 | -€59,881 | -€2,542 | -4.4% |
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 16 October 2026 via checked.be.