AKHIL GEMS: 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.
AKHIL GEMS
Largest movements
- Receivables within one year +€121,755
up €121,755 (+1,715%), from €7,098 to €128,853
of which Trade receivables: +€122,114
- Stocks and contracts -€100,392
down €100,392 (-8.4%), from €1.2m to €1.1m
- Cash -€62,080
down €62,080 (-68.5%), from €90,583 to €28,503
mainly Net result for the year (-€165,684) and Receivables within one year (-€121,755)
- Profit (loss) carried forward -€165,684
down €165,684, from €52,000 to -€113,684
- Trade debts +€111,415
up €111,415 (+25.6%), from €435,543 to €546,958
- Other debts +€23,367
up €23,367 (+9.7%), from €241,787 to €265,154
- Short-term financial debts -€15,000
down €15,000 (-44.9%), from €33,400 to €18,400
- Gross operating margin -€168,966
down €168,966, from €12,205 to -€156,761
- Depreciation -€2,000
down €2,000 (-45.6%), from €4,388 to €2,388
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 | €1,292,372 | €1,248,200 | -€44,172 | -3.4% |
| Fixed assets | 21/28 | €5,390 | €3,002 | -€2,388 | -44.3% |
| Tangible fixed assets | 22/27 | €5,390 | €3,002 | -€2,388 | -44.3% |
| Furniture and vehicles | 24 | €5,390 | €3,002 | -€2,388 | -44.3% |
| Current assets | 29/58 | €1,286,982 | €1,245,198 | -€41,784 | -3.2% |
| Stocks and contracts in progress | 3 | €1,188,235 | €1,087,843 | -€100,392 | -8.4% |
| Stocks | 30/36 | €1,188,235 | €1,087,843 | -€100,392 | -8.4% |
| Amounts receivable within one year | 40/41 | €7,098 | €128,853 | +€121,755 | +1,715% |
| Trade receivables | 40 | €6,178 | €128,292 | +€122,114 | +1,976% |
| Other amounts receivable | 41 | €919 | €560 | -€359 | -39.1% |
| Cash at bank and in hand | 54/58 | €90,583 | €28,503 | -€62,080 | -68.5% |
| Deferred charges and accrued income | 490/1 | €1,066 | - | -€1,066 | |
| Total equity and liabilities | 10/49 | €1,292,372 | €1,248,200 | -€44,172 | -3.4% |
| Equity | 10/15 | €578,500 | €412,816 | -€165,684 | -28.6% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €286,500 | €286,500 | = | 0.0% |
| Distributable reserves | 133 | €286,500 | €286,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,000 | -€113,684 | -€165,684 | |
| Amounts payable | 17/49 | €713,872 | €835,385 | +€121,512 | +17.0% |
| Amounts payable within one year | 42/48 | €713,872 | €835,385 | +€121,512 | +17.0% |
| Financial debts | 43 | €33,400 | €18,400 | -€15,000 | -44.9% |
| Other loans | 439 | €33,400 | €18,400 | -€15,000 | -44.9% |
| Trade debts | 44 | €435,543 | €546,958 | +€111,415 | +25.6% |
| Suppliers | 440/4 | €435,543 | €546,958 | +€111,415 | +25.6% |
| Taxes, remuneration and social security | 45 | €3,143 | €4,873 | +€1,730 | +55.0% |
| Taxes | 450/3 | €3,143 | €4,873 | +€1,730 | +55.0% |
| Other amounts payable | 47/48 | €241,787 | €265,154 | +€23,367 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,388 | €2,388 | -€2,000 | -45.6% |
| Other operating charges | 640/8 | €1,916 | €2,725 | +€809 | +42.2% |
| Gross operating margin | 9900 | €12,205 | -€156,761 | -€168,966 | |
| Operating profit (loss) | 9901 | €5,901 | -€161,874 | -€167,775 | |
| Financial income | 75/76B | €228 | €0 | -€228 | -99.9% |
| Recurring financial income | 75 | €228 | €0 | -€228 | -99.9% |
| Financial charges | 65/66B | €2,323 | €2,080 | -€243 | -10.5% |
| Recurring financial charges | 65 | €2,323 | €2,080 | -€243 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €3,807 | -€163,954 | -€167,761 | |
| Income taxes | 67/77 | €1,625 | €1,730 | +€105 | +6.5% |
| Profit (loss) for the period | 9904 | €2,181 | -€165,684 | -€167,866 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,181 | -€165,684 | -€167,866 |
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 30 October 2026 via checked.be.