Arjav Diamonds: what changed
What changed
Arjav Diamonds
NACE 46.861, Wholesale of diamonds and other precious stones
filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · -€7.8m+€9.3m
Equity
€193.8m
2024 · €192.3m+€1.5m
Cash
€29,002
2024 · €56,268-€27,266
Balance sheet total
€269.3m
2024 · €264.8m+€4.5m
Largest movements
Assets
- Receivables within one year +€66.9m
up €66.9m (+132%), from €50.8m to €117.7m
of which Other amounts receivable: +€37.8m
- Stocks and contracts -€62.3m
down €62.3m (-55.9%), from €111.5m to €49.2m
Equity and liabilities
- Debts after one year +€11.0m
up €11.0m (+25.1%), from €43.9m to €54.9m
- Current portion of long-term debt -€11.0m
down €11.0m (-45.5%), from €24.2m to €13.2m
Income statement
- Goods and materials -€12.8m
down €12.8m (-16.6%), from €76.8m to €64.0m
of which Purchases: -€9.6m
- Turnover -€8.3m
down €8.3m (-10.4%), from €79.6m to €71.4m
- Financial charges -€4.7m
down €4.7m (-51.8%), from €9.1m to €4.4m
of which Non-recurring financial charges: -€4.7m
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
-€7.8m
Turnover
-€8.3m
Other operating income
-€14,560
Goods and materials
+€12.8m
Services and other goods
-€34,118
Staff costs
+€101,606
Depreciation
-€38,472
Write-downs
+€297,192
Other operating charges
+€4,095
Financial income
-€123,935
Financial charges
+€4.7m
Other financial items
+€4,526
Taxes
-€68,586
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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
+€50,326
Investment
-€77,592
Financing
+€0
Cash 2024
€56,268
From operations (derived)
+€50,326
Net result for the year
+€1.5m
Depreciation
+€129,261
Stocks and contracts
+€62.3m
Receivables within one year
-€66.9m
Smaller working-capital items
-€20,980
Trade debts
+€590,600
Accrued charges and deferred income
+€2.4m
Investment (derived)
-€77,592
Investment in fixed assets (net)
-€77,592
Financing
+€0
Debts after one year
+€11.0m
Current portion of long-term debt
-€11.0m
Contributions, distributions and other
+€0
Cash 2025
€29,002
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,752,420 | €269,256,942 | +€4.5m | +1.7% |
| Fixed assets | 21/28 | €102,376,605 | €102,324,936 | -€51,669 | -0.1% |
| Tangible fixed assets | 22/27 | €3,954,599 | €3,847,170 | -€107,429 | -2.7% |
| Land and buildings | 22 | €3,765,198 | €3,673,315 | -€91,883 | -2.4% |
| Plant, machinery and equipment | 23 | €147,882 | €124,935 | -€22,947 | -15.5% |
| Furniture and vehicles | 24 | €14,883 | €22,284 | +€7,401 | +49.7% |
| Other tangible fixed assets | 26 | €26,636 | €26,636 | +€0 | 0.0% |
| Financial fixed assets | 28 | €98,422,006 | €98,477,766 | +€55,760 | +0.1% |
| Affiliated companies | 280/1 | €96,671,608 | €96,727,368 | +€55,760 | +0.1% |
| Participating interests | 280 | €96,671,608 | €96,727,368 | +€55,760 | +0.1% |
| Other financial fixed assets | 284/8 | €1,750,398 | €1,750,398 | +€0 | 0.0% |
| Shares | 284 | €37,973 | €37,973 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,712,425 | €1,712,425 | +€0 | 0.0% |
| Current assets | 29/58 | €162,375,815 | €166,932,006 | +€4.6m | +2.8% |
| Stocks and contracts in progress | 3 | €111,509,553 | €49,174,940 | -€62.3m | -55.9% |
| Stocks | 30/36 | €111,509,553 | €49,174,940 | -€62.3m | -55.9% |
| Goods purchased for resale | 34 | €111,509,553 | €49,174,940 | -€62.3m | -55.9% |
| Amounts receivable within one year | 40/41 | €50,779,813 | €117,681,723 | +€66.9m | +132% |
| Trade receivables | 40 | €48,836,111 | €77,950,860 | +€29.1m | +59.6% |
| Other amounts receivable | 41 | €1,943,702 | €39,730,863 | +€37.8m | +1,944% |
| Cash at bank and in hand | 54/58 | €56,268 | €29,002 | -€27,266 | -48.5% |
| Deferred charges and accrued income | 490/1 | €30,181 | €46,341 | +€16,160 | +53.5% |
| Total equity and liabilities | 10/49 | €264,752,420 | €269,256,942 | +€4.5m | +1.7% |
| Equity | 10/15 | €192,316,081 | €193,834,549 | +€1.5m | +0.8% |
| Contributions | 10/11 | €183,300,000 | €183,300,000 | = | 0.0% |
| Capital | 10 | €183,300,000 | €183,300,000 | = | 0.0% |
| Issued capital | 100 | €183,300,000 | €183,300,000 | = | 0.0% |
| Reserves | 13 | €9,016,081 | €10,534,549 | +€1.5m | +16.8% |
| Non-distributable reserves | 130/1 | €9,016,081 | €10,534,549 | +€1.5m | +16.8% |
| Legal reserve | 130 | €9,016,081 | €10,534,549 | +€1.5m | +16.8% |
| Amounts payable | 17/49 | €72,436,339 | €75,422,393 | +€3.0m | +4.1% |
| Amounts payable after more than one year | 17 | €43,900,000 | €54,900,000 | +€11.0m | +25.1% |
| Financial debts | 170/4 | €43,900,000 | €54,900,000 | +€11.0m | +25.1% |
| Credit institutions | 173 | €43,900,000 | €54,900,000 | +€11.0m | +25.1% |
| Amounts payable within one year | 42/48 | €26,516,404 | €16,102,183 | -€10.4m | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €24,200,000 | €13,200,000 | -€11.0m | -45.5% |
| Trade debts | 44 | €67,800 | €658,400 | +€590,600 | +871% |
| Suppliers | 440/4 | €67,800 | €658,400 | +€590,600 | +871% |
| Taxes, remuneration and social security | 45 | €139,564 | €261,818 | +€122,254 | +87.6% |
| Taxes | 450/3 | €62,320 | €174,091 | +€111,771 | +179% |
| Remuneration and social security | 454/9 | €77,244 | €87,727 | +€10,483 | +13.6% |
| Other amounts payable | 47/48 | €2,109,039 | €1,981,965 | -€127,074 | -6.0% |
| Accrued charges and deferred income | 492/3 | €2,019,936 | €4,420,210 | +€2.4m | +119% |
| Operating income | 70/76A | €79,745,930 | €71,458,186 | -€8.3m | -10.4% |
| Turnover | 70 | €79,633,171 | €71,359,987 | -€8.3m | -10.4% |
| Other operating income | 74 | €112,759 | €98,199 | -€14,560 | -12.9% |
| Operating charges | 60/66A | €78,557,860 | €65,461,859 | -€13.1m | -16.7% |
| Goods for resale, raw materials and consumables | 60 | €76,789,483 | €64,023,786 | -€12.8m | -16.6% |
| Purchases | 600/8 | €9,570,033 | - | -€9.6m | |
| Change in stocks: decrease (increase) | 609 | €67,219,450 | €62,334,613 | -€4.9m | -7.3% |
| Services and other goods | 61 | €681,768 | €715,886 | +€34,118 | +5.0% |
| Remuneration, social security and pensions | 62 | €611,208 | €509,602 | -€101,606 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,789 | €129,261 | +€38,472 | +42.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €297,192 | - | -€297,192 | |
| Other operating charges | 640/8 | €87,419 | €83,324 | -€4,095 | -4.7% |
| Operating profit (loss) | 9901 | €1,188,071 | €5,996,327 | +€4.8m | +405% |
| Financial income | 75/76B | €123,935 | - | -€123,935 | |
| Recurring financial income | 75 | €123,935 | €4,526 | -€119,409 | -96.3% |
| Income from financial fixed assets | 750 | €113,660 | - | -€113,660 | |
| Other financial income | 752/9 | €10,276 | €4,526 | -€5,750 | -56.0% |
| Financial charges | 65/66B | €9,073,367 | €4,375,434 | -€4.7m | -51.8% |
| Recurring financial charges | 65 | €2,439,262 | €2,431,023 | -€8,239 | -0.3% |
| Debt charges | 650 | €2,409,843 | €2,401,039 | -€8,804 | -0.4% |
| Other financial charges | 652/9 | €29,419 | €29,984 | +€565 | +1.9% |
| Non-recurring financial charges | 66B | €6,634,105 | €1,944,411 | -€4.7m | -70.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,761,361 | €1,625,419 | +€9.4m | |
| Income taxes | 67/77 | €38,365 | €106,951 | +€68,586 | +179% |
| Taxes | 670/3 | €38,365 | €106,951 | +€68,586 | +179% |
| Profit (loss) for the period | 9904 | -€7,799,726 | €1,518,468 | +€9.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,799,726 | €1,518,468 | +€9.3m |
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 4 November 2026 via checked.be.