BHAVYA: 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
BHAVYA
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · €907,890-€2.1m
Equity
€1.0m
2024 · €2.2m-€1.2m
Cash
€1.2m
2024 · €1.7m-€473,791
Balance sheet total
€11.5m
2024 · €14.4m-€2.9m
Largest movements
Assets
- Stocks and contracts -€1.9m
down €1.9m (-26.8%), from €7.0m to €5.1m
- Receivables within one year -€497,926
down €497,926 (-9.5%), from €5.2m to €4.7m
of which Trade receivables: -€497,821
- Cash -€473,791
down €473,791 (-28.4%), from €1.7m to €1.2m
mainly Trade debts (-€2.1m) and Net result for the year (-€1.2m)
Equity and liabilities
- Trade debts -€2.1m
down €2.1m (-18.9%), from €11.3m to €9.2m
- Reserves -€1.3m
down €1.3m (-56.9%), from €2.3m to €977,890
- Accrued charges and deferred income +€590,287
up €590,287 (+1,403%), from €42,088 to €632,375
Income statement
- Turnover -€2.3m
down €2.3m (-14.2%), from €16.1m to €13.8m
- Write-downs -€307,972
down €307,972 (-97.4%), from €316,035 to €8,063
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.
Result 2024
€907,890
Turnover
-€2.3m
Other operating income
+€5,119
Goods and materials
-€114,438
Services and other goods
-€55,054
Staff costs
+€1,887
Depreciation
+€1,106
Write-downs
+€307,972
Other operating charges
+€105,839
Other operating items
-€4,840
Financial income
-€42,241
Financial charges
-€1,445
Taxes
-€19,846
Result 2025
-€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€456,006
Investment
€0
Financing
-€17,786
Cash 2024
€1.7m
From operations (derived)
-€456,006
Net result for the year
-€1.2m
Depreciation
+€21,053
Stocks and contracts
+€1.9m
Receivables within one year
+€497,926
Deferred charges and accrued income
+€917
Trade debts
-€2.1m
Tax, wage and social debts
-€22,696
Other debts
-€76,562
Accrued charges and deferred income
+€590,287
Financing
-€17,786
Debts after one year
-€18,809
Current portion of long-term debt
+€1,024
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,358,366 | €11,483,408 | -€2.9m | -20.0% |
| Fixed assets | 21/28 | €443,899 | €422,845 | -€21,053 | -4.7% |
| Tangible fixed assets | 22/27 | €442,199 | €421,145 | -€21,053 | -4.8% |
| Land and buildings | 22 | €426,392 | €412,134 | -€14,258 | -3.3% |
| Plant, machinery and equipment | 23 | €1,782 | €1,044 | -€737 | -41.4% |
| Furniture and vehicles | 24 | €14,025 | €7,967 | -€6,058 | -43.2% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,700 | €1,700 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €13,914,467 | €11,060,562 | -€2.9m | -20.5% |
| Stocks and contracts in progress | 3 | €7,016,164 | €5,134,894 | -€1.9m | -26.8% |
| Stocks | 30/36 | €7,016,164 | €5,134,894 | -€1.9m | -26.8% |
| Goods purchased for resale | 34 | €7,016,164 | €5,134,894 | -€1.9m | -26.8% |
| Amounts receivable within one year | 40/41 | €5,223,294 | €4,725,368 | -€497,926 | -9.5% |
| Trade receivables | 40 | €5,219,374 | €4,721,552 | -€497,821 | -9.5% |
| Other amounts receivable | 41 | €3,921 | €3,816 | -€105 | -2.7% |
| Cash at bank and in hand | 54/58 | €1,669,869 | €1,196,077 | -€473,791 | -28.4% |
| Deferred charges and accrued income | 490/1 | €5,141 | €4,224 | -€917 | -17.8% |
| Total equity and liabilities | 10/49 | €14,358,366 | €11,483,408 | -€2.9m | -20.0% |
| Equity | 10/15 | €2,210,060 | €1,002,890 | -€1.2m | -54.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,270,172 | €977,890 | -€1.3m | -56.9% |
| Distributable reserves | 133 | €2,270,172 | €977,890 | -€1.3m | -56.9% |
| Profit (loss) carried forward | 14 | -€85,112 | - | +€85,112 | |
| Amounts payable | 17/49 | €12,148,306 | €10,480,517 | -€1.7m | -13.7% |
| Amounts payable after more than one year | 17 | €170,404 | €151,594 | -€18,809 | -11.0% |
| Financial debts | 170/4 | €170,404 | €151,594 | -€18,809 | -11.0% |
| Credit institutions | 173 | €170,404 | €151,594 | -€18,809 | -11.0% |
| Amounts payable within one year | 42/48 | €11,935,814 | €9,696,548 | -€2.2m | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €17,786 | €18,809 | +€1,024 | +5.8% |
| Trade debts | 44 | €11,332,533 | €9,191,502 | -€2.1m | -18.9% |
| Suppliers | 440/4 | €11,332,533 | €9,191,502 | -€2.1m | -18.9% |
| Taxes, remuneration and social security | 45 | €64,521 | €41,824 | -€22,696 | -35.2% |
| Taxes | 450/3 | €32,696 | €28,676 | -€4,019 | -12.3% |
| Remuneration and social security | 454/9 | €31,825 | €13,148 | -€18,677 | -58.7% |
| Other amounts payable | 47/48 | €520,974 | €444,412 | -€76,562 | -14.7% |
| Accrued charges and deferred income | 492/3 | €42,088 | €632,375 | +€590,287 | +1,403% |
| Operating income | 70/76A | €16,147,388 | €13,853,389 | -€2.3m | -14.2% |
| Turnover | 70 | €16,137,071 | €13,837,953 | -€2.3m | -14.2% |
| Other operating income | 74 | €10,317 | €15,436 | +€5,119 | +49.6% |
| Operating charges | 60/66A | €15,281,650 | €15,039,178 | -€242,472 | -1.6% |
| Goods for resale, raw materials and consumables | 60 | €14,340,303 | €14,454,742 | +€114,438 | +0.8% |
| Purchases | 600/8 | €13,447,784 | €12,573,472 | -€874,313 | -6.5% |
| Change in stocks: decrease (increase) | 609 | €892,519 | €1,881,270 | +€988,751 | +111% |
| Services and other goods | 61 | €322,524 | €377,579 | +€55,054 | +17.1% |
| Remuneration, social security and pensions | 62 | €168,600 | €166,712 | -€1,887 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,159 | €21,053 | -€1,106 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €316,035 | €8,063 | -€307,972 | -97.4% |
| Other operating charges | 640/8 | €112,029 | €6,190 | -€105,839 | -94.5% |
| Non-recurring operating charges | 66A | - | €4,840 | +€4,840 | |
| Operating profit (loss) | 9901 | €865,738 | -€1,185,790 | -€2.1m | |
| Financial income | 75/76B | €70,369 | €28,128 | -€42,241 | -60.0% |
| Recurring financial income | 75 | €70,369 | €28,128 | -€42,241 | -60.0% |
| Other financial income | 752/9 | €70,369 | €28,128 | -€42,241 | -60.0% |
| Financial charges | 65/66B | €27,750 | €29,196 | +€1,445 | +5.2% |
| Recurring financial charges | 65 | €27,750 | €29,196 | +€1,445 | +5.2% |
| Debt charges | 650 | €7,552 | €10,111 | +€2,559 | +33.9% |
| Other financial charges | 652/9 | €20,198 | €19,085 | -€1,113 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €908,357 | -€1,186,857 | -€2.1m | |
| Income taxes | 67/77 | €467 | €20,312 | +€19,846 | +4,252% |
| Taxes | 670/3 | €470 | €20,312 | +€19,842 | +4,222% |
| Tax adjustments and reversals of tax provisions | 77 | €3 | - | -€3 | |
| Profit (loss) for the period | 9904 | €907,890 | -€1,207,170 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €907,890 | -€1,207,170 | -€2.1m |
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 15 October 2026 via checked.be.