ARSLANIAN GROUP: 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
ARSLANIAN GROUP
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€2.1m
2023 · €298,436-€2.4m
Equity
€27.9m
2023 · €30.1m-€2.1m
Cash
€1.7m
2023 · €490,059+€1.2m
Balance sheet total
€54.6m
2023 · €45.3m+€9.3m
Largest movements
Assets
- Receivables within one year +€8.0m
up €8.0m (+22.6%), from €35.6m to €43.7m
of which Trade receivables: +€7.6m
- Cash +€1.2m
up €1.2m (+246%), from €490,059 to €1.7m
mainly Trade debts (+€7.3m) and Short-term financial debts (+€4.4m)
Equity and liabilities
- Trade debts +€7.3m
up €7.3m (+92.4%), from €7.9m to €15.2m
- Short-term financial debts +€4.4m
up €4.4m (+68.5%), from €6.5m to €10.9m
- Reserves -€2.1m
down €2.1m (-14.2%), from €15.1m to €12.9m
of which Distributable reserves: -€2.1m
Income statement
- Goods and materials +€127.9m
up €127.9m (+58.6%), from €218.1m to €346.1m
- Turnover +€125.6m
up €125.6m (+56.1%), from €224.1m to €349.7m
From the 2023 result to the 2024 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 2023
€298,436
Turnover
+€125.6m
Other operating income
+€11,657
Goods and materials
-€127.9m
Services and other goods
+€363,702
Staff costs
+€82,152
Depreciation
-€6,265
Other operating charges
+€4,577
Other operating items
+€14,072
Financial income
+€13,694
Financial charges
-€527,857
Taxes
-€64,295
Result 2024
-€2.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€3.2m
Investment
-€76,486
Financing
+€4.4m
Cash 2023
€490,059
From operations (derived)
-€3.2m
Net result for the year
-€2.1m
Depreciation
+€86,591
Stocks and contracts
-€290,230
Receivables within one year
-€8.0m
Deferred charges and accrued income
+€240,612
Trade debts
+€7.3m
Tax, wage and social debts
-€264,485
Other debts
-€1,172
Accrued charges and deferred income
-€62,978
Investment (derived)
-€76,486
Investment in fixed assets (net)
-€76,486
Financing
+€4.4m
Short-term financial debts
+€4.4m
Cash 2024
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,291,558 | €54,582,389 | +€9.3m | +20.5% |
| Fixed assets | 21/28 | €677,363 | €667,258 | -€10,105 | -1.5% |
| Tangible fixed assets | 22/27 | €671,750 | €666,393 | -€5,357 | -0.8% |
| Land and buildings | 22 | €319,494 | €309,873 | -€9,621 | -3.0% |
| Plant, machinery and equipment | 23 | €320,370 | €334,668 | +€14,298 | +4.5% |
| Furniture and vehicles | 24 | €31,886 | €21,852 | -€10,034 | -31.5% |
| Financial fixed assets | 28 | €5,613 | €865 | -€4,748 | -84.6% |
| Affiliated companies | 280/1 | €4,780 | - | -€4,780 | |
| Participating interests | 280 | €4,780 | - | -€4,780 | |
| Other financial fixed assets | 284/8 | €833 | €865 | +€32 | +3.8% |
| Amounts receivable and cash guarantees | 285/8 | €833 | €865 | +€32 | +3.8% |
| Current assets | 29/58 | €44,614,195 | €53,915,131 | +€9.3m | +20.8% |
| Stocks and contracts in progress | 3 | €7,511,522 | €7,801,752 | +€290,230 | +3.9% |
| Stocks | 30/36 | €7,511,522 | €7,801,752 | +€290,230 | +3.9% |
| Goods purchased for resale | 34 | €7,511,522 | €7,801,752 | +€290,230 | +3.9% |
| Amounts receivable within one year | 40/41 | €35,625,363 | €43,672,424 | +€8.0m | +22.6% |
| Trade receivables | 40 | €34,889,074 | €42,530,128 | +€7.6m | +21.9% |
| Other amounts receivable | 41 | €736,289 | €1,142,296 | +€406,007 | +55.1% |
| Cash at bank and in hand | 54/58 | €490,059 | €1,694,316 | +€1.2m | +246% |
| Deferred charges and accrued income | 490/1 | €987,251 | €746,639 | -€240,612 | -24.4% |
| Total equity and liabilities | 10/49 | €45,291,558 | €54,582,389 | +€9.3m | +20.5% |
| Equity | 10/15 | €30,062,541 | €27,915,219 | -€2.1m | -7.1% |
| Contributions | 10/11 | €14,990,135 | €14,990,135 | = | 0.0% |
| Capital | 10 | €14,990,135 | €14,990,135 | = | 0.0% |
| Issued capital | 100 | €14,990,135 | €14,990,135 | = | 0.0% |
| Reserves | 13 | €15,072,406 | €12,925,084 | -€2.1m | -14.2% |
| Non-distributable reserves | 130/1 | €938,353 | €938,353 | = | 0.0% |
| Legal reserve | 130 | €938,353 | €938,353 | = | 0.0% |
| Distributable reserves | 133 | €14,134,053 | €11,986,731 | -€2.1m | -15.2% |
| Amounts payable | 17/49 | €15,229,017 | €26,667,170 | +€11.4m | +75.1% |
| Amounts payable within one year | 42/48 | €15,055,412 | €26,556,543 | +€11.5m | +76.4% |
| Financial debts | 43 | €6,492,887 | €10,940,635 | +€4.4m | +68.5% |
| Credit institutions | 430/8 | €6,492,887 | €10,940,635 | +€4.4m | +68.5% |
| Trade debts | 44 | €7,918,643 | €15,237,683 | +€7.3m | +92.4% |
| Suppliers | 440/4 | €7,918,643 | €15,237,683 | +€7.3m | +92.4% |
| Taxes, remuneration and social security | 45 | €624,295 | €359,810 | -€264,485 | -42.4% |
| Taxes | 450/3 | €563,381 | €311,395 | -€251,986 | -44.7% |
| Remuneration and social security | 454/9 | €60,914 | €48,415 | -€12,499 | -20.5% |
| Other amounts payable | 47/48 | €19,587 | €18,415 | -€1,172 | -6.0% |
| Accrued charges and deferred income | 492/3 | €173,605 | €110,627 | -€62,978 | -36.3% |
| Operating income | 70/76A | €224,324,827 | €349,955,085 | +€125.6m | +56.0% |
| Turnover | 70 | €224,067,423 | €349,671,952 | +€125.6m | +56.1% |
| Other operating income | 74 | €255,712 | €267,369 | +€11,657 | +4.6% |
| Non-recurring operating income | 76A | €1,692 | €15,764 | +€14,072 | +832% |
| Operating charges | 60/66A | €223,228,089 | €350,725,647 | +€127.5m | +57.1% |
| Goods for resale, raw materials and consumables | 60 | €218,145,121 | €346,086,845 | +€127.9m | +58.6% |
| Change in stocks: decrease (increase) | 609 | -€3,971,077 | -€290,231 | +€3.7m | +92.7% |
| Services and other goods | 61 | €4,440,560 | €4,076,858 | -€363,702 | -8.2% |
| Remuneration, social security and pensions | 62 | €539,087 | €456,935 | -€82,152 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,326 | €86,591 | +€6,265 | +7.8% |
| Other operating charges | 640/8 | €22,995 | €18,418 | -€4,577 | -19.9% |
| Operating profit (loss) | 9901 | €1,096,738 | -€770,562 | -€1.9m | |
| Recurring financial income | 75 | €56,085 | €69,779 | +€13,694 | +24.4% |
| Other financial income | 752/9 | €56,085 | €69,779 | +€13,694 | +24.4% |
| Financial charges | 65/66B | €634,575 | €1,162,432 | +€527,857 | +83.2% |
| Recurring financial charges | 65 | €634,575 | €1,157,652 | +€523,077 | +82.4% |
| Debt charges | 650 | €534,276 | €1,011,710 | +€477,434 | +89.4% |
| Other financial charges | 652/9 | €100,299 | €145,942 | +€45,643 | +45.5% |
| Non-recurring financial charges | 66B | - | €4,780 | +€4,780 | |
| Profit (loss) for the period before taxes | 9903 | €518,248 | -€1,863,215 | -€2.4m | |
| Income taxes | 67/77 | €219,812 | €284,107 | +€64,295 | +29.2% |
| Taxes | 670/3 | €219,812 | €284,110 | +€64,298 | +29.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | €298,436 | -€2,147,322 | -€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €298,436 | -€2,147,322 | -€2.4m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.