Espeka: what changed
Two fiscal 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
Espeka
NACE 46.861, Wholesale of diamonds and other precious stones
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6.6m
2024 · €17,828-€6.6m
Equity
€1.4m
2024 · €15.4m-€14.0m
Cash
€220,583
2024 · €81,834+€138,749
Balance sheet total
€8.9m
2024 · €15.5m-€6.6m
Largest movements
Assets
- Stocks and contracts -€13.2m
no longer reported in 2025 (was €13.2m)
- Receivables within one year +€6.6m
up €6.6m (+694.7%), from €943,072 to €7.5m
of which Other amounts receivable: +€7.4m
Equity and liabilities
- Reserves -€10.3m
down €10.3m (-96.9%), from €10.6m to €331,495
of which Distributable reserves: -€10.3m
- Other debts +€7.4m
new in 2025: €7.4m
- Profit (loss) carried forward -€3.6m
no longer reported in 2025 (was €3.6m)
Income statement
- Goods and materials +€7.4m
up €7.4m (+94.9%), from €7.8m to €15.2m
of which Change in stocks: decrease (increase): +€13.8m
- Turnover +€1.1m
up €1.1m (+12.5%), from €8.7m to €9.8m
- Financial charges +€234,949
up €234,949 (+975.9%), from €24,076 to €259,025
- Staff costs +€122,676
up €122,676 (+40.3%), from €304,522 to €427,198
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
€17,828
Turnover
+€1.1m
Other operating income
-€2,137
Goods and materials
-€7.4m
Services and other goods
+€92,838
Staff costs
-€122,676
Depreciation
-€1,975
Other operating charges
-€544
Other operating items
+€7,148
Financial income
-€74,966
Financial charges
-€234,949
Taxes
+€522
Result 2025
-€6.6m
Cash bridge derived
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
+€7.5m
Investment
+€400
Financing
-€7.4m
Cash 2024
€81,834
From operations (derived)
+€7.5m
Net result for the year
-€6.6m
Depreciation
+€87,564
Stocks and contracts
+€13.2m
Receivables within one year
-€6.6m
Smaller working-capital items
+€1,816
Tax, wage and social debts
+€53,235
Other debts
+€7.4m
Investment (derived)
+€400
Investment in fixed assets (net)
+€400
Financing
-€7.4m
Contributions, distributions and other
-€7.4m
Cash 2025
€220,583
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,457,802 | €8,887,859 | -€6.6m | -42.5% |
| Fixed assets | 21/28 | €1,258,403 | €1,170,439 | -€87,964 | -7.0% |
| Tangible fixed assets | 22/27 | €1,232,977 | €1,145,412 | -€87,564 | -7.1% |
| Land and buildings | 22 | €1,230,226 | €1,144,231 | -€85,995 | -7.0% |
| Plant, machinery and equipment | 23 | €2,750 | €1,181 | -€1,569 | -57.1% |
| Financial fixed assets | 28 | €25,427 | €25,027 | -€400 | -1.6% |
| Other financial fixed assets | 284/8 | €25,427 | €25,027 | -€400 | -1.6% |
| Amounts receivable and cash guarantees | 285/8 | €25,427 | €25,027 | -€400 | -1.6% |
| Current assets | 29/58 | €14,199,399 | €7,717,420 | -€6.5m | -45.6% |
| Stocks and contracts in progress | 3 | €13,165,793 | - | -€13.2m | |
| Stocks | 30/36 | €13,165,793 | - | -€13.2m | |
| Goods purchased for resale | 34 | €13,165,793 | - | -€13.2m | |
| Amounts receivable within one year | 40/41 | €943,072 | €7,494,450 | +€6.6m | +694.7% |
| Trade receivables | 40 | €932,736 | €125,723 | -€807,013 | -86.5% |
| Other amounts receivable | 41 | €10,336 | €7,368,727 | +€7.4m | +71191.3% |
| Cash at bank and in hand | 54/58 | €81,834 | €220,583 | +€138,749 | +169.5% |
| Deferred charges and accrued income | 490/1 | €8,700 | €2,388 | -€6,312 | -72.6% |
| Total equity and liabilities | 10/49 | €15,457,802 | €8,887,859 | -€6.6m | -42.5% |
| Equity | 10/15 | €15,395,625 | €1,415,241 | -€14.0m | -90.8% |
| Contributions | 10/11 | €286,000 | €286,000 | = | 0.0% |
| Revaluation surpluses | 12 | €838,294 | €797,746 | -€40,548 | -4.8% |
| Reserves | 13 | €10,644,052 | €331,495 | -€10.3m | -96.9% |
| Tax-exempt reserves | 132 | €24,268 | €24,268 | = | 0.0% |
| Distributable reserves | 133 | €10,619,784 | €307,227 | -€10.3m | -97.1% |
| Profit (loss) carried forward | 14 | €3,627,279 | - | -€3.6m | |
| Amounts payable | 17/49 | €62,177 | €7,472,618 | +€7.4m | +11918.3% |
| Amounts payable within one year | 42/48 | €62,177 | €7,472,618 | +€7.4m | +11918.3% |
| Trade debts | 44 | €11,147 | €6,651 | -€4,496 | -40.3% |
| Suppliers | 440/4 | €11,147 | €6,651 | -€4,496 | -40.3% |
| Taxes, remuneration and social security | 45 | €51,030 | €104,265 | +€53,235 | +104.3% |
| Taxes | 450/3 | €13,952 | €59,372 | +€45,420 | +325.5% |
| Remuneration and social security | 454/9 | €37,078 | €44,893 | +€7,815 | +21.1% |
| Other amounts payable | 47/48 | - | €7,361,702 | +€7.4m | |
| Operating income | 70/76A | €8,716,357 | €9,811,992 | +€1.1m | +12.6% |
| Turnover | 70 | €8,701,073 | €9,791,697 | +€1.1m | +12.5% |
| Other operating income | 74 | €15,284 | €13,148 | -€2,137 | -14.0% |
| Non-recurring operating income | 76A | - | €7,148 | +€7,148 | |
| Operating charges | 60/66A | €8,746,302 | €16,169,054 | +€7.4m | +84.9% |
| Goods for resale, raw materials and consumables | 60 | €7,788,672 | €15,179,066 | +€7.4m | +94.9% |
| Purchases | 600/8 | €8,410,255 | €2,013,273 | -€6.4m | -76.1% |
| Change in stocks: decrease (increase) | 609 | -€621,583 | €13,165,793 | +€13.8m | |
| Services and other goods | 61 | €546,331 | €453,493 | -€92,838 | -17.0% |
| Remuneration, social security and pensions | 62 | €304,522 | €427,198 | +€122,676 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,589 | €87,564 | +€1,975 | +2.3% |
| Other operating charges | 640/8 | €21,188 | €21,733 | +€544 | +2.6% |
| Operating profit (loss) | 9901 | -€29,945 | -€6,357,062 | -€6.3m | -21128.9% |
| Financial income | 75/76B | €87,585 | €12,619 | -€74,966 | -85.6% |
| Recurring financial income | 75 | €87,585 | €12,619 | -€74,966 | -85.6% |
| Other financial income | 752/9 | €87,585 | €12,619 | -€74,966 | -85.6% |
| Financial charges | 65/66B | €24,076 | €259,025 | +€234,949 | +975.9% |
| Recurring financial charges | 65 | €24,076 | €259,025 | +€234,949 | +975.9% |
| Debt charges | 650 | €8,735 | €2 | -€8,733 | -100.0% |
| Other financial charges | 652/9 | €15,341 | €259,023 | +€243,682 | +1588.5% |
| Profit (loss) for the period before taxes | 9903 | €33,565 | -€6,603,467 | -€6.6m | |
| Income taxes | 67/77 | €15,736 | €15,215 | -€522 | -3.3% |
| Taxes | 670/3 | €15,736 | €15,251 | -€486 | -3.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €36 | +€36 | |
| Profit (loss) for the period | 9904 | €17,828 | -€6,618,682 | -€6.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €17,828 | -€6,618,682 | -€6.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.