AJARI GEMS: what changed
What changed
AJARI GEMS
NACE 46.861, Wholesale of diamonds and other precious stones
filed annual accounts (NBB)
Net result for the year
-€11.9m
2024 · -€2.2m-€9.7m
Equity
€69.6m
2024 · €81.5m-€11.9m
Cash
€277,341
2024 · €181,326+€96,015
Balance sheet total
€80.7m
2024 · €98.4m-€17.7m
Largest movements
Assets
- Stocks and contracts -€20.4m
down €20.4m (-32.8%), from €62.1m to €41.7m
- Receivables within one year +€2.8m
up €2.8m (+8.2%), from €33.7m to €36.4m
of which Trade receivables: +€2.7m
Equity and liabilities
- Profit (loss) carried forward -€11.9m
down €11.9m (-540%), from -€2.2m to -€14.1m
- Trade debts -€3.4m
down €3.4m (-23.9%), from €14.1m to €10.7m
- Advances received -€2.1m
no longer reported in 2025 (was €2.1m)
Income statement
- Turnover -€11.8m
down €11.8m (-36.4%), from €32.5m to €20.7m
- Goods and materials -€1.5m
down €1.5m (-4.6%), from €33.4m to €31.8m
of which Purchases: -€26.0m
- Services and other goods -€525,724
down €525,724 (-52.2%), from €1.0m to €481,175
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2.2m
Turnover
-€11.8m
Other operating income
+€9,449
Goods and materials
+€1.5m
Services and other goods
+€525,724
Staff costs
+€47,624
Depreciation
+€1,270
Other operating charges
+€26,222
Financial income
-€7,002
Financial charges
+€1,945
Taxes
+€19,882
Result 2025
-€11.9m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€128,854
Investment
-€1,198
Financing
-€31,641
Cash 2024
€181,326
From operations (derived)
+€128,854
Net result for the year
-€11.9m
Depreciation
+€115,006
Stocks and contracts
+€20.4m
Receivables within one year
-€2.8m
Smaller working-capital items
-€9,113
Trade debts
-€3.4m
Advances received
-€2.1m
Accrued charges and deferred income
-€277,508
Investment (derived)
-€1,198
Investment in fixed assets (net)
-€1,198
Financing
-€31,641
Debts after one year
-€32,823
Current portion of long-term debt
+€1,182
Cash 2025
€277,341
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,389,054 | €80,736,649 | -€17.7m | -17.9% |
| Fixed assets | 21/28 | €2,192,198 | €2,078,390 | -€113,808 | -5.2% |
| Tangible fixed assets | 22/27 | €2,192,198 | €2,078,390 | -€113,808 | -5.2% |
| Land and buildings | 22 | €1,874,048 | €1,812,211 | -€61,837 | -3.3% |
| Plant, machinery and equipment | 23 | €268,739 | €228,495 | -€40,244 | -15.0% |
| Furniture and vehicles | 24 | €49,411 | €37,684 | -€11,727 | -23.7% |
| Current assets | 29/58 | €96,196,856 | €78,658,259 | -€17.5m | -18.2% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €62,128,057 | €41,721,349 | -€20.4m | -32.8% |
| Stocks | 30/36 | €62,128,057 | €41,721,349 | -€20.4m | -32.8% |
| Goods purchased for resale | 34 | €61,598,651 | €41,253,264 | -€20.3m | -33.0% |
| Advance payments | 36 | €529,406 | €468,085 | -€61,321 | -11.6% |
| Amounts receivable within one year | 40/41 | €33,676,767 | €36,433,290 | +€2.8m | +8.2% |
| Trade receivables | 40 | €33,540,601 | €36,262,554 | +€2.7m | +8.1% |
| Other amounts receivable | 41 | €136,166 | €170,736 | +€34,570 | +25.4% |
| Cash at bank and in hand | 54/58 | €181,326 | €277,341 | +€96,015 | +53.0% |
| Deferred charges and accrued income | 490/1 | €10,706 | €26,279 | +€15,573 | +145% |
| Total equity and liabilities | 10/49 | €98,389,054 | €80,736,649 | -€17.7m | -17.9% |
| Equity | 10/15 | €81,450,518 | €69,573,801 | -€11.9m | -14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,632,239 | €83,629,737 | -€2,502 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,779 | €41,277 | -€2,502 | -5.7% |
| Distributable reserves | 133 | €83,586,600 | €83,586,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,200,321 | -€14,074,536 | -€11.9m | -540% |
| Provisions and deferred taxes | 16 | €22,545 | €21,257 | -€1,288 | -5.7% |
| Deferred taxes | 168 | €22,545 | €21,257 | -€1,288 | -5.7% |
| Amounts payable | 17/49 | €16,915,991 | €11,141,591 | -€5.8m | -34.1% |
| Amounts payable after more than one year | 17 | €303,193 | €270,370 | -€32,823 | -10.8% |
| Financial debts | 170/4 | €303,193 | €270,370 | -€32,823 | -10.8% |
| Credit institutions | 173 | €303,193 | €270,370 | -€32,823 | -10.8% |
| Amounts payable within one year | 42/48 | €16,334,704 | €10,870,635 | -€5.5m | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €31,641 | €32,823 | +€1,182 | +3.7% |
| Trade debts | 44 | €14,095,587 | €10,727,843 | -€3.4m | -23.9% |
| Suppliers | 440/4 | €14,095,587 | €10,727,843 | -€3.4m | -23.9% |
| Advances received on contracts in progress | 46 | €2,105,255 | - | -€2.1m | |
| Taxes, remuneration and social security | 45 | €102,221 | €109,968 | +€7,748 | +7.6% |
| Taxes | 450/3 | €86,069 | €96,897 | +€10,827 | +12.6% |
| Remuneration and social security | 454/9 | €16,151 | €13,072 | -€3,080 | -19.1% |
| Accrued charges and deferred income | 492/3 | €278,095 | €586 | -€277,508 | -99.8% |
| Operating income | 70/76A | €32,574,017 | €20,739,837 | -€11.8m | -36.3% |
| Turnover | 70 | €32,506,346 | €20,662,716 | -€11.8m | -36.4% |
| Other operating income | 74 | €67,671 | €77,120 | +€9,449 | +14.0% |
| Operating charges | 60/66A | €34,709,892 | €32,564,429 | -€2.1m | -6.2% |
| Goods for resale, raw materials and consumables | 60 | €33,351,159 | €31,806,536 | -€1.5m | -4.6% |
| Purchases | 600/8 | €37,468,728 | €11,461,149 | -€26.0m | -69.4% |
| Change in stocks: decrease (increase) | 609 | -€4,117,570 | €20,345,387 | +€24.5m | |
| Services and other goods | 61 | €1,006,899 | €481,175 | -€525,724 | -52.2% |
| Remuneration, social security and pensions | 62 | €188,747 | €141,123 | -€47,624 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,276 | €115,006 | -€1,270 | -1.1% |
| Other operating charges | 640/8 | €46,811 | €20,589 | -€26,222 | -56.0% |
| Operating profit (loss) | 9901 | -€2,135,874 | -€11,824,592 | -€9.7m | -454% |
| Financial income | 75/76B | €20,138 | €13,135 | -€7,002 | -34.8% |
| Recurring financial income | 75 | €20,138 | €13,135 | -€7,002 | -34.8% |
| Other financial income | 752/9 | €20,138 | €13,135 | -€7,002 | -34.8% |
| Financial charges | 65/66B | €29,802 | €27,857 | -€1,945 | -6.5% |
| Recurring financial charges | 65 | €29,802 | €27,857 | -€1,945 | -6.5% |
| Debt charges | 650 | €13,466 | €11,774 | -€1,692 | -12.6% |
| Other financial charges | 652/9 | €16,337 | €16,083 | -€253 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,145,539 | -€11,839,314 | -€9.7m | -452% |
| Transfer from deferred taxes | 780 | €1,288 | €1,288 | = | 0.0% |
| Income taxes | 67/77 | €58,573 | €38,691 | -€19,882 | -33.9% |
| Taxes | 670/3 | €58,574 | €38,710 | -€19,863 | -33.9% |
| Tax adjustments and reversals of tax provisions | 77 | €1 | €20 | +€19 | +2,211% |
| Profit (loss) for the period | 9904 | -€2,202,823 | -€11,876,717 | -€9.7m | -439% |
| Transfer from tax-exempt reserves | 789 | €2,502 | €2,502 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,200,321 | -€11,874,215 | -€9.7m | -440% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.