BRILLIANT STAR: 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
BRILLIANT STAR
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €11.0m-€9.7m
Equity
€45.4m
2024 · €44.1m+€1.3m
Cash
€945,312
2024 · €2.8m-€1.9m
Balance sheet total
€46.4m
2024 · €57.3m-€10.9m
Largest movements
Assets
- Receivables within one year -€10.4m
down €10.4m (-28.5%), from €36.4m to €26.0m
of which Trade receivables: -€10.5m
- Cash -€1.9m
down €1.9m (-66.6%), from €2.8m to €945,312
mainly Trade debts (-€12.2m) and Stocks and contracts (-€1.4m)
- Stocks and contracts +€1.4m
up €1.4m (+9.2%), from €15.7m to €17.2m
Equity and liabilities
- Trade debts -€12.2m
down €12.2m (-94.0%), from €12.9m to €781,724
- Reserves +€1.3m
up €1.3m (+3.1%), from €42.6m to €43.9m
Income statement
- Goods and materials +€5.8m
up €5.8m (+8.8%), from €66.2m to €72.0m
of which Purchases: +€7.0m
- Turnover -€4.2m
down €4.2m (-5.3%), from €78.9m to €74.7m
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
€11.0m
Turnover
-€4.2m
Other operating income
+€301,027
Goods and materials
-€5.8m
Services and other goods
+€62,871
Staff costs
-€69,082
Depreciation
+€4,157
Other operating charges
-€6,863
Financial income
-€76,862
Financial charges
-€8,250
Taxes
+€35,014
Result 2025
€1.3m
raises the resultlowers the result
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
-€1.9m
Investment
€0
Financing
€0
Cash 2024
€2.8m
From operations (derived)
-€1.9m
Net result for the year
+€1.3m
Depreciation
+€86,987
Stocks and contracts
-€1.4m
Receivables within one year
+€10.4m
Smaller working-capital items
-€55,998
Trade debts
-€12.2m
Cash 2025
€945,312
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,255,263 | €46,388,653 | -€10.9m | -19.0% |
| Fixed assets | 21/28 | €2,309,180 | €2,222,194 | -€86,987 | -3.8% |
| Tangible fixed assets | 22/27 | €872,364 | €785,378 | -€86,987 | -10.0% |
| Land and buildings | 22 | €771,271 | €747,868 | -€23,403 | -3.0% |
| Plant, machinery and equipment | 23 | €100,208 | €37,140 | -€63,068 | -62.9% |
| Furniture and vehicles | 24 | €885 | €369 | -€516 | -58.3% |
| Financial fixed assets | 28 | €1,436,816 | €1,436,816 | = | 0.0% |
| Affiliated companies | 280/1 | €1,432,650 | €1,432,650 | = | 0.0% |
| Participating interests | 280 | €1,432,650 | €1,432,650 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,166 | €4,166 | = | 0.0% |
| Shares | 284 | €3,966 | €3,966 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €54,946,083 | €44,166,460 | -€10.8m | -19.6% |
| Stocks and contracts in progress | 3 | €15,729,598 | €17,175,229 | +€1.4m | +9.2% |
| Stocks | 30/36 | €15,729,598 | €17,175,229 | +€1.4m | +9.2% |
| Goods purchased for resale | 34 | €15,729,598 | €17,175,229 | +€1.4m | +9.2% |
| Amounts receivable within one year | 40/41 | €36,360,795 | €25,993,321 | -€10.4m | -28.5% |
| Trade receivables | 40 | €36,000,940 | €25,517,412 | -€10.5m | -29.1% |
| Other amounts receivable | 41 | €359,854 | €475,909 | +€116,054 | +32.3% |
| Cash at bank and in hand | 54/58 | €2,829,704 | €945,312 | -€1.9m | -66.6% |
| Deferred charges and accrued income | 490/1 | €25,985 | €52,598 | +€26,612 | +102% |
| Total equity and liabilities | 10/49 | €57,255,263 | €46,388,653 | -€10.9m | -19.0% |
| Equity | 10/15 | €44,108,276 | €45,421,360 | +€1.3m | +3.0% |
| Contributions | 10/11 | €1,512,571 | €1,512,571 | = | 0.0% |
| Reserves | 13 | €42,595,705 | €43,908,789 | +€1.3m | +3.1% |
| Distributable reserves | 133 | €42,595,705 | €43,908,789 | +€1.3m | +3.1% |
| Amounts payable | 17/49 | €13,146,987 | €967,293 | -€12.2m | -92.6% |
| Amounts payable within one year | 42/48 | €13,128,136 | €961,217 | -€12.2m | -92.7% |
| Trade debts | 44 | €12,932,032 | €781,724 | -€12.2m | -94.0% |
| Suppliers | 440/4 | €12,932,032 | €781,724 | -€12.2m | -94.0% |
| Taxes, remuneration and social security | 45 | €196,104 | €179,493 | -€16,611 | -8.5% |
| Taxes | 450/3 | €177,934 | €145,046 | -€32,888 | -18.5% |
| Remuneration and social security | 454/9 | €18,170 | €34,447 | +€16,278 | +89.6% |
| Accrued charges and deferred income | 492/3 | €18,851 | €6,076 | -€12,775 | -67.8% |
| Operating income | 70/76A | €78,870,504 | €75,010,248 | -€3.9m | -4.9% |
| Turnover | 70 | €78,866,238 | €74,704,955 | -€4.2m | -5.3% |
| Other operating income | 74 | €4,266 | €305,293 | +€301,027 | +7,056% |
| Operating charges | 60/66A | €67,630,030 | €73,454,808 | +€5.8m | +8.6% |
| Goods for resale, raw materials and consumables | 60 | €66,182,021 | €71,997,881 | +€5.8m | +8.8% |
| Purchases | 600/8 | €66,429,649 | €73,443,512 | +€7.0m | +10.6% |
| Change in stocks: decrease (increase) | 609 | -€247,628 | -€1,445,630 | -€1.2m | -484% |
| Services and other goods | 61 | €1,281,714 | €1,218,843 | -€62,871 | -4.9% |
| Remuneration, social security and pensions | 62 | €59,399 | €128,480 | +€69,082 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,144 | €86,987 | -€4,157 | -4.6% |
| Other operating charges | 640/8 | €15,753 | €22,616 | +€6,863 | +43.6% |
| Operating profit (loss) | 9901 | €11,240,474 | €1,555,441 | -€9.7m | -86.2% |
| Financial income | 75/76B | €98,703 | €21,841 | -€76,862 | -77.9% |
| Recurring financial income | 75 | €98,703 | €21,841 | -€76,862 | -77.9% |
| Other financial income | 752/9 | €98,703 | €21,841 | -€76,862 | -77.9% |
| Financial charges | 65/66B | €117,458 | €125,708 | +€8,250 | +7.0% |
| Recurring financial charges | 65 | €117,458 | €125,708 | +€8,250 | +7.0% |
| Debt charges | 650 | - | €257 | +€257 | |
| Other financial charges | 652/9 | €117,458 | €125,451 | +€7,993 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €11,221,719 | €1,451,574 | -€9.8m | -87.1% |
| Income taxes | 67/77 | €173,503 | €138,490 | -€35,014 | -20.2% |
| Taxes | 670/3 | €173,503 | €138,491 | -€35,012 | -20.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €11,048,215 | €1,313,084 | -€9.7m | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,048,215 | €1,313,084 | -€9.7m | -88.1% |
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 28 October 2026 via checked.be.