FREEDOM DIAMONDS: 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
FREEDOM DIAMONDS
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
-€795,789
2022 · €8,052-€803,840
Equity
€384,851
2022 · €1.2m-€795,789
Cash
€36,886
2022 · €66,906-€30,020
Balance sheet total
€7.7m
2022 · €5.2m+€2.4m
Largest movements
Assets
- Stocks and contracts +€2.3m
up €2.3m (+46.2%), from €5.0m to €7.3m
- Receivables within one year +€165,773
up €165,773 (+206%), from €80,371 to €246,144
of which Trade receivables: +€166,607
Equity and liabilities
- Trade debts +€3.3m
up €3.3m (+83.1%), from €3.9m to €7.2m
- Profit (loss) carried forward -€795,789
new in 2023: -€795,789
Income statement
- Gross operating margin -€788,734
down €788,734, from €123,538 to -€665,196
- Staff costs +€38,626
up €38,626 (+88.4%), from €43,691 to €82,317
- Taxes -€28,612
down €28,612 (-59.8%), from €47,837 to €19,226
From the 2022 result to the 2023 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 2022
€8,052
Gross operating margin
-€788,734
Staff costs
-€38,626
Depreciation
-€722
Other operating charges
+€162
Financial income
-€607
Financial charges
-€3,926
Taxes
+€28,612
Result 2023
-€795,789
raises the resultlowers the result
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€28,820
Investment
-€1,200
Financing
€0
Cash 2022
€66,906
From operations (derived)
-€28,820
Net result for the year
-€795,789
Depreciation
+€11,426
Stocks and contracts
-€2.3m
Receivables within one year
-€165,773
Smaller working-capital items
+€1,230
Trade debts
+€3.3m
Tax, wage and social debts
-€15,147
Other debts
-€14,642
Investment (derived)
-€1,200
Investment in fixed assets (net)
-€1,200
Cash 2023
€36,886
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,222,098 | €7,665,864 | +€2.4m | +46.8% |
| Fixed assets | 21/28 | €47,838 | €37,612 | -€10,226 | -21.4% |
| Tangible fixed assets | 22/27 | €47,838 | €37,612 | -€10,226 | -21.4% |
| Plant, machinery and equipment | 23 | €23,517 | €21,021 | -€2,497 | -10.6% |
| Furniture and vehicles | 24 | €24,321 | €16,591 | -€7,729 | -31.8% |
| Current assets | 29/58 | €5,174,261 | €7,628,252 | +€2.5m | +47.4% |
| Stocks and contracts in progress | 3 | €5,019,168 | €7,336,681 | +€2.3m | +46.2% |
| Stocks | 30/36 | €5,019,168 | €7,336,681 | +€2.3m | +46.2% |
| Amounts receivable within one year | 40/41 | €80,371 | €246,144 | +€165,773 | +206% |
| Trade receivables | 40 | €77,737 | €244,344 | +€166,607 | +214% |
| Other amounts receivable | 41 | €2,634 | €1,800 | -€834 | -31.7% |
| Cash at bank and in hand | 54/58 | €66,906 | €36,886 | -€30,020 | -44.9% |
| Deferred charges and accrued income | 490/1 | €7,816 | €8,542 | +€726 | +9.3% |
| Total equity and liabilities | 10/49 | €5,222,098 | €7,665,864 | +€2.4m | +46.8% |
| Equity | 10/15 | €1,180,639 | €384,851 | -€795,789 | -67.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,174,439 | €1,174,439 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,172,579 | €1,174,439 | +€1,860 | +0.2% |
| Profit (loss) carried forward | 14 | - | -€795,789 | -€795,789 | |
| Amounts payable | 17/49 | €4,041,459 | €7,281,014 | +€3.2m | +80.2% |
| Amounts payable within one year | 42/48 | €4,040,976 | €7,278,574 | +€3.2m | +80.1% |
| Trade debts | 44 | €3,933,348 | €7,200,734 | +€3.3m | +83.1% |
| Suppliers | 440/4 | €3,933,348 | €7,200,734 | +€3.3m | +83.1% |
| Taxes, remuneration and social security | 45 | €87,412 | €72,266 | -€15,147 | -17.3% |
| Taxes | 450/3 | €78,999 | €57,011 | -€21,989 | -27.8% |
| Remuneration and social security | 454/9 | €8,413 | €15,255 | +€6,842 | +81.3% |
| Other amounts payable | 47/48 | €20,216 | €5,574 | -€14,642 | -72.4% |
| Accrued charges and deferred income | 492/3 | €483 | €2,440 | +€1,957 | +405% |
| Non-recurring operating income | 76A | €575 | €3,662 | +€3,087 | +537% |
| Remuneration, social security and pensions | 62 | €43,691 | €82,317 | +€38,626 | +88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,704 | €11,426 | +€722 | +6.7% |
| Other operating charges | 640/8 | €2,787 | €2,625 | -€162 | -5.8% |
| Gross operating margin | 9900 | €123,538 | -€665,196 | -€788,734 | |
| Operating profit (loss) | 9901 | €66,356 | -€761,564 | -€827,920 | |
| Financial income | 75/76B | €836 | €229 | -€607 | -72.6% |
| Recurring financial income | 75 | €836 | €229 | -€607 | -72.6% |
| Financial charges | 65/66B | €11,303 | €15,228 | +€3,926 | +34.7% |
| Recurring financial charges | 65 | €11,303 | €15,228 | +€3,926 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €55,889 | -€776,563 | -€832,452 | |
| Income taxes | 67/77 | €47,837 | €19,226 | -€28,612 | -59.8% |
| Profit (loss) for the period | 9904 | €8,052 | -€795,789 | -€803,840 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,052 | -€795,789 | -€803,840 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.