GEM QUEST: 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
GEM QUEST
NACE 46.861, Wholesale of diamonds and other precious stones
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,013
2024 · €18,842+€1,171
Equity
€300,282
2024 · €280,270+€20,013
Cash
€29,929
2024 · €8,275+€21,654
Balance sheet total
€2.9m
2024 · €3.7m-€763,540
Largest movements
Assets
- Stocks and contracts -€1.1m
down €1.1m (-30.9%), from €3.7m to €2.5m
- Receivables within one year +€359,853
up €359,853 (+29490.4%), from €1,220 to €361,073
of which Trade receivables: +€357,447
Equity and liabilities
- Trade debts -€783,096
down €783,096 (-23.2%), from €3.4m to €2.6m
Income statement
- Financial charges -€2,337
down €2,337 (-75.9%), from €3,079 to €742
- Gross operating margin +€847
up €847 (+2.0%), from €42,415 to €43,261
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
€18,842
Gross operating margin
+€847
Staff costs
-€76
Other operating charges
-€59
Other operating items
-€2,000
Financial income
-€11
Financial charges
+€2,337
Taxes
+€134
Result 2025
€20,013
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
+€19,654
Investment
+€2,000
Financing
€0
Cash 2024
€8,275
From operations (derived)
+€19,654
Net result for the year
+€20,013
Depreciation
+€14,056
Stocks and contracts
+€1.1m
Receivables within one year
-€359,853
Smaller working-capital items
-€745
Trade debts
-€783,096
Investment (derived)
+€2,000
Investment in fixed assets (net)
+€2,000
Cash 2025
€29,929
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,713,137 | €2,949,597 | -€763,540 | -20.6% |
| Fixed assets | 21/28 | €51,597 | €35,542 | -€16,056 | -31.1% |
| Tangible fixed assets | 22/27 | €47,347 | €33,292 | -€14,056 | -29.7% |
| Plant, machinery and equipment | 23 | €46,897 | €32,957 | -€13,940 | -29.7% |
| Furniture and vehicles | 24 | €451 | €335 | -€116 | -25.7% |
| Financial fixed assets | 28 | €4,250 | €2,250 | -€2,000 | -47.1% |
| Current assets | 29/58 | €3,661,539 | €2,914,055 | -€747,484 | -20.4% |
| Stocks and contracts in progress | 3 | €3,650,221 | €2,520,941 | -€1.1m | -30.9% |
| Stocks | 30/36 | €3,650,221 | €2,520,941 | -€1.1m | -30.9% |
| Amounts receivable within one year | 40/41 | €1,220 | €361,073 | +€359,853 | +29490.4% |
| Trade receivables | 40 | - | €357,447 | +€357,447 | |
| Other amounts receivable | 41 | €1,220 | €3,627 | +€2,406 | +197.2% |
| Cash at bank and in hand | 54/58 | €8,275 | €29,929 | +€21,654 | +261.7% |
| Deferred charges and accrued income | 490/1 | €1,824 | €2,112 | +€288 | +15.8% |
| Total equity and liabilities | 10/49 | €3,713,137 | €2,949,597 | -€763,540 | -20.6% |
| Equity | 10/15 | €280,270 | €300,282 | +€20,013 | +7.1% |
| Contributions | 10/11 | €52,500 | €52,500 | = | 0.0% |
| Reserves | 13 | €227,770 | €247,782 | +€20,013 | +8.8% |
| Distributable reserves | 133 | €227,770 | €247,782 | +€20,013 | +8.8% |
| Amounts payable | 17/49 | €3,432,867 | €2,649,314 | -€783,553 | -22.8% |
| Amounts payable within one year | 42/48 | €3,432,867 | €2,649,314 | -€783,553 | -22.8% |
| Trade debts | 44 | €3,381,704 | €2,598,608 | -€783,096 | -23.2% |
| Suppliers | 440/4 | €3,381,704 | €2,598,608 | -€783,096 | -23.2% |
| Taxes, remuneration and social security | 45 | €5,603 | €7,293 | +€1,690 | +30.2% |
| Taxes | 450/3 | €2,097 | €3,763 | +€1,666 | +79.4% |
| Remuneration and social security | 454/9 | €3,506 | €3,530 | +€24 | +0.7% |
| Other amounts payable | 47/48 | €45,560 | €43,413 | -€2,147 | -4.7% |
| Remuneration, social security and pensions | 62 | €1,255 | €1,332 | +€76 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,056 | €14,056 | = | 0.0% |
| Other operating charges | 640/8 | €1,686 | €1,745 | +€59 | +3.5% |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €42,415 | €43,261 | +€847 | +2.0% |
| Operating profit (loss) | 9901 | €25,418 | €24,129 | -€1,289 | -5.1% |
| Financial income | 75/76B | €33 | €22 | -€11 | -33.1% |
| Recurring financial income | 75 | €33 | €22 | -€11 | -33.1% |
| Financial charges | 65/66B | €3,079 | €742 | -€2,337 | -75.9% |
| Recurring financial charges | 65 | €3,079 | €742 | -€2,337 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €22,372 | €23,409 | +€1,037 | +4.6% |
| Income taxes | 67/77 | €3,530 | €3,396 | -€134 | -3.8% |
| Profit (loss) for the period | 9904 | €18,842 | €20,013 | +€1,171 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,842 | €20,013 | +€1,171 | +6.2% |
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 5 October 2026 via checked.be.