Gemasia: 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
Gemasia
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€454,903
2024 · -€1.1m+€595,465
Equity
€16.2m
2024 · €16.7m-€454,903
Cash
€10.0m
2024 · €8.9m+€1.1m
Balance sheet total
€25.4m
2024 · €29.3m-€3.9m
Largest movements
Assets
- Current investments -€2.4m
no longer reported in 2025 (was €2.4m)
- Receivables within one year -€1.9m
down €1.9m (-17.4%), from €10.9m to €9.0m
of which Other amounts receivable: -€2.1m
- Cash +€1.1m
up €1.1m (+12.2%), from €8.9m to €10.0m
mainly Current investments (+€2.4m) and Receivables within one year (+€1.9m)
- Stocks and contracts -€653,993
down €653,993 (-10.0%), from €6.5m to €5.9m
Equity and liabilities
- Trade debts -€2.1m
down €2.1m (-45.0%), from €4.7m to €2.6m
- Debts after one year -€1.5m
down €1.5m (-25.4%), from €6.0m to €4.5m
- Profit (loss) carried forward -€454,903
down €454,903 (-3.5%), from €13.2m to €12.7m
Income statement
- Turnover -€32.7m
down €32.7m (-74.1%), from €44.1m to €11.4m
- Goods and materials -€32.2m
down €32.2m (-74.7%), from €43.1m to €10.9m
of which Purchases: -€27.2m
- Other operating charges -€623,655
down €623,655 (-97.6%), from €638,671 to €15,015
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
-€1.1m
Turnover
-€32.7m
Other operating income
-€23,726
Goods and materials
+€32.2m
Services and other goods
+€308,446
Staff costs
+€1,721
Depreciation
-€13,173
Other operating charges
+€623,655
Financial income
-€76,485
Financial charges
+€227,301
Taxes
+€47,459
Result 2025
-€454,903
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
+€128,756
Investment
+€2.4m
Financing
-€1.4m
Cash 2024
€8.9m
From operations (derived)
+€128,756
Net result for the year
-€454,903
Depreciation
+€67,438
Stocks and contracts
+€653,993
Receivables within one year
+€1.9m
Deferred charges and accrued income
+€9,560
Trade debts
-€2.1m
Tax, wage and social debts
-€35,628
Advances received
+€140,700
Other debts
-€320
Accrued charges and deferred income
-€52,014
Investment (derived)
+€2.4m
Investment in fixed assets (net)
-€4,462
Current investments
+€2.4m
Financing
-€1.4m
Debts after one year
-€1.5m
Short-term financial debts
+€82,745
Cash 2025
€10.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,333,185 | €25,392,952 | -€3.9m | -13.4% |
| Fixed assets | 21/28 | €517,790 | €454,814 | -€62,976 | -12.2% |
| Tangible fixed assets | 22/27 | €515,677 | €452,701 | -€62,976 | -12.2% |
| Land and buildings | 22 | €319,695 | €293,857 | -€25,838 | -8.1% |
| Furniture and vehicles | 24 | €195,981 | €158,844 | -€37,137 | -18.9% |
| Financial fixed assets | 28 | €2,113 | €2,113 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,113 | €2,113 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,113 | €2,113 | = | 0.0% |
| Current assets | 29/58 | €28,815,396 | €24,938,138 | -€3.9m | -13.5% |
| Stocks and contracts in progress | 3 | €6,507,595 | €5,853,602 | -€653,993 | -10.0% |
| Stocks | 30/36 | €6,507,595 | €5,853,602 | -€653,993 | -10.0% |
| Goods purchased for resale | 34 | €6,507,595 | €5,853,602 | -€653,993 | -10.0% |
| Amounts receivable within one year | 40/41 | €10,939,234 | €9,040,827 | -€1.9m | -17.4% |
| Trade receivables | 40 | €4,677,274 | €4,897,669 | +€220,395 | +4.7% |
| Other amounts receivable | 41 | €6,261,960 | €4,143,158 | -€2.1m | -33.8% |
| Current investments | 50/53 | €2,406,391 | - | -€2.4m | |
| Other investments | 51/53 | €2,406,391 | - | -€2.4m | |
| Cash at bank and in hand | 54/58 | €8,947,053 | €10,038,147 | +€1.1m | +12.2% |
| Deferred charges and accrued income | 490/1 | €15,122 | €5,561 | -€9,560 | -63.2% |
| Total equity and liabilities | 10/49 | €29,333,185 | €25,392,952 | -€3.9m | -13.4% |
| Equity | 10/15 | €16,663,523 | €16,208,620 | -€454,903 | -2.7% |
| Contributions | 10/11 | €3,100,000 | €3,100,000 | = | 0.0% |
| Reserves | 13 | €410,000 | €410,000 | = | 0.0% |
| Distributable reserves | 133 | €410,000 | €410,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,153,523 | €12,698,620 | -€454,903 | -3.5% |
| Amounts payable | 17/49 | €12,669,662 | €9,184,332 | -€3.5m | -27.5% |
| Amounts payable after more than one year | 17 | €5,986,495 | €4,464,159 | -€1.5m | -25.4% |
| Financial debts | 170/4 | €5,986,495 | €4,464,159 | -€1.5m | -25.4% |
| Other loans | 174 | €5,986,495 | €4,464,159 | -€1.5m | -25.4% |
| Amounts payable within one year | 42/48 | €5,753,097 | €3,842,117 | -€1.9m | -33.2% |
| Financial debts | 43 | €4,732 | €87,478 | +€82,745 | +1,748% |
| Credit institutions | 430/8 | €4,732 | €87,478 | +€82,745 | +1,748% |
| Trade debts | 44 | €4,663,352 | €2,564,875 | -€2.1m | -45.0% |
| Suppliers | 440/4 | €4,663,352 | €2,564,875 | -€2.1m | -45.0% |
| Advances received on contracts in progress | 46 | €880,568 | €1,021,268 | +€140,700 | +16.0% |
| Taxes, remuneration and social security | 45 | €177,568 | €141,939 | -€35,628 | -20.1% |
| Taxes | 450/3 | €139,760 | €97,254 | -€42,505 | -30.4% |
| Remuneration and social security | 454/9 | €37,808 | €44,685 | +€6,877 | +18.2% |
| Other amounts payable | 47/48 | €26,878 | €26,557 | -€320 | -1.2% |
| Accrued charges and deferred income | 492/3 | €930,070 | €878,056 | -€52,014 | -5.6% |
| Operating income | 70/76A | €44,168,980 | €11,443,600 | -€32.7m | -74.1% |
| Turnover | 70 | €44,120,538 | €11,418,885 | -€32.7m | -74.1% |
| Other operating income | 74 | €48,441 | €24,715 | -€23,726 | -49.0% |
| Operating charges | 60/66A | €44,853,303 | €11,730,734 | -€33.1m | -73.8% |
| Goods for resale, raw materials and consumables | 60 | €43,127,166 | €10,925,246 | -€32.2m | -74.7% |
| Purchases | 600/8 | €37,423,800 | €10,271,253 | -€27.2m | -72.6% |
| Change in stocks: decrease (increase) | 609 | €5,703,366 | €653,993 | -€5.0m | -88.5% |
| Services and other goods | 61 | €700,554 | €392,108 | -€308,446 | -44.0% |
| Remuneration, social security and pensions | 62 | €332,647 | €330,926 | -€1,721 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,264 | €67,438 | +€13,173 | +24.3% |
| Other operating charges | 640/8 | €638,671 | €15,015 | -€623,655 | -97.6% |
| Operating profit (loss) | 9901 | -€684,323 | -€287,134 | +€397,189 | +58.0% |
| Financial income | 75/76B | €93,695 | €17,210 | -€76,485 | -81.6% |
| Recurring financial income | 75 | €93,695 | €17,210 | -€76,485 | -81.6% |
| Income from financial fixed assets | 750 | - | €299 | +€299 | |
| Income from current assets | 751 | €92,143 | €16,863 | -€75,280 | -81.7% |
| Other financial income | 752/9 | €1,552 | €48 | -€1,504 | -96.9% |
| Financial charges | 65/66B | €391,381 | €164,080 | -€227,301 | -58.1% |
| Recurring financial charges | 65 | €391,381 | €164,080 | -€227,301 | -58.1% |
| Debt charges | 650 | €391,377 | €164,071 | -€227,306 | -58.1% |
| Other financial charges | 652/9 | €4 | €9 | +€5 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€982,009 | -€434,004 | +€548,005 | +55.8% |
| Income taxes | 67/77 | €68,359 | €20,900 | -€47,459 | -69.4% |
| Taxes | 670/3 | €74,157 | €21,410 | -€52,747 | -71.1% |
| Tax adjustments and reversals of tax provisions | 77 | €5,798 | €511 | -€5,288 | -91.2% |
| Profit (loss) for the period | 9904 | -€1,050,368 | -€454,903 | +€595,465 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,050,368 | -€454,903 | +€595,465 | +56.7% |
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 21 October 2026 via checked.be.