GLORIOUS GEMS: 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
GLORIOUS GEMS
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €698,317+€486,062
Equity
€12.8m
2024 · €11.6m+€1.2m
Cash
€1.3m
2024 · €137,004+€1.2m
Balance sheet total
€13.0m
2024 · €21.9m-€9.0m
Largest movements
Assets
- Current investments -€6.5m
no longer reported in 2025 (was €6.5m)
- Receivables within one year -€4.5m
down €4.5m (-41.5%), from €10.8m to €6.3m
of which Trade receivables: -€5.2m
- Cash +€1.2m
up €1.2m (+848%), from €137,004 to €1.3m
mainly Current investments (+€6.5m) and Receivables within one year (+€4.5m)
- Stocks and contracts +€867,069
up €867,069 (+21.1%), from €4.1m to €5.0m
Equity and liabilities
- Debts after one year -€9.8m
no longer reported in 2025 (was €9.8m)
- Profit (loss) carried forward +€1.2m
up €1.2m (+28.0%), from €4.2m to €5.4m
- Trade debts -€232,535
down €232,535 (-57.5%), from €404,123 to €171,588
Income statement
- Goods and materials -€21.9m
down €21.9m (-53.6%), from €40.9m to €19.0m
- Turnover -€21.8m
down €21.8m (-51.5%), from €42.4m to €20.6m
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
€698,317
Turnover
-€21.8m
Other operating income
-€32,083
Goods and materials
+€21.9m
Services and other goods
+€41,268
Staff costs
-€31,052
Depreciation
-€12,451
Other operating charges
+€27,690
Financial income
+€52,145
Financial charges
+€293,748
Taxes
+€28,365
Result 2025
€1.2m
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
+€4.5m
Investment
+€6.5m
Financing
-€9.8m
Cash 2024
€137,004
From operations (derived)
+€4.5m
Net result for the year
+€1.2m
Depreciation
+€35,544
Stocks and contracts
-€867,069
Receivables within one year
+€4.5m
Smaller working-capital items
+€12,504
Trade debts
-€232,535
Other debts
-€80,863
Investment (derived)
+€6.5m
Investment in fixed assets (net)
-€18,824
Current investments
+€6.5m
Financing
-€9.8m
Debts after one year
-€9.8m
Short-term financial debts
-€11,925
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,935,294 | €12,968,373 | -€9.0m | -40.9% |
| Fixed assets | 21/28 | €411,917 | €395,197 | -€16,720 | -4.1% |
| Tangible fixed assets | 22/27 | €411,217 | €394,497 | -€16,720 | -4.1% |
| Land and buildings | 22 | €359,508 | €338,740 | -€20,768 | -5.8% |
| Plant, machinery and equipment | 23 | €3,567 | €3,169 | -€398 | -11.2% |
| Furniture and vehicles | 24 | €48,142 | €52,588 | +€4,446 | +9.2% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Other financial fixed assets | 284/8 | €700 | €700 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €21,523,377 | €12,573,176 | -€9.0m | -41.6% |
| Stocks and contracts in progress | 3 | €4,101,325 | €4,968,394 | +€867,069 | +21.1% |
| Stocks | 30/36 | €4,101,325 | €4,968,394 | +€867,069 | +21.1% |
| Goods purchased for resale | 34 | €4,101,325 | €4,968,394 | +€867,069 | +21.1% |
| Amounts receivable within one year | 40/41 | €10,778,952 | €6,305,297 | -€4.5m | -41.5% |
| Trade receivables | 40 | €10,769,926 | €5,542,870 | -€5.2m | -48.5% |
| Other amounts receivable | 41 | €9,026 | €762,427 | +€753,401 | +8,347% |
| Current investments | 50/53 | €6,500,000 | - | -€6.5m | |
| Other investments | 51/53 | €6,500,000 | - | -€6.5m | |
| Cash at bank and in hand | 54/58 | €137,004 | €1,298,163 | +€1.2m | +848% |
| Deferred charges and accrued income | 490/1 | €6,096 | €1,322 | -€4,774 | -78.3% |
| Total equity and liabilities | 10/49 | €21,935,294 | €12,968,373 | -€9.0m | -40.9% |
| Equity | 10/15 | €11,599,963 | €12,784,342 | +€1.2m | +10.2% |
| Contributions | 10/11 | €6,044,070 | €6,044,070 | = | 0.0% |
| Capital | 10 | €6,044,070 | €6,044,070 | = | 0.0% |
| Issued capital | 100 | €6,044,070 | €6,044,070 | = | 0.0% |
| Reserves | 13 | €1,319,297 | €1,319,297 | = | 0.0% |
| Non-distributable reserves | 130/1 | €604,407 | €604,407 | = | 0.0% |
| Legal reserve | 130 | €604,407 | €604,407 | = | 0.0% |
| Distributable reserves | 133 | €714,890 | €714,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,236,596 | €5,420,975 | +€1.2m | +28.0% |
| Amounts payable | 17/49 | €10,335,331 | €184,031 | -€10.2m | -98.2% |
| Amounts payable after more than one year | 17 | €9,833,707 | - | -€9.8m | |
| Financial debts | 170/4 | €9,833,707 | - | -€9.8m | |
| Other loans | 174 | €9,833,707 | - | -€9.8m | |
| Amounts payable within one year | 42/48 | €501,624 | €184,031 | -€317,593 | -63.3% |
| Financial debts | 43 | €11,925 | - | -€11,925 | |
| Credit institutions | 430/8 | €11,925 | - | -€11,925 | |
| Trade debts | 44 | €404,123 | €171,588 | -€232,535 | -57.5% |
| Suppliers | 440/4 | €404,123 | €171,588 | -€232,535 | -57.5% |
| Taxes, remuneration and social security | 45 | €4,713 | €12,443 | +€7,730 | +164% |
| Taxes | 450/3 | - | €3,701 | +€3,701 | |
| Remuneration and social security | 454/9 | €4,713 | €8,742 | +€4,029 | +85.5% |
| Other amounts payable | 47/48 | €80,863 | - | -€80,863 | |
| Operating income | 70/76A | €42,416,925 | €20,580,647 | -€21.8m | -51.5% |
| Turnover | 70 | €42,365,352 | €20,561,157 | -€21.8m | -51.5% |
| Other operating income | 74 | €51,573 | €19,490 | -€32,083 | -62.2% |
| Operating charges | 60/66A | €41,371,121 | €19,423,039 | -€21.9m | -53.1% |
| Goods for resale, raw materials and consumables | 60 | €40,931,925 | €19,009,298 | -€21.9m | -53.6% |
| Change in stocks: decrease (increase) | 609 | €3,574,663 | -€867,069 | -€4.4m | |
| Services and other goods | 61 | €338,418 | €297,150 | -€41,268 | -12.2% |
| Remuneration, social security and pensions | 62 | €39,378 | €70,430 | +€31,052 | +78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,093 | €35,544 | +€12,451 | +53.9% |
| Other operating charges | 640/8 | €38,307 | €10,617 | -€27,690 | -72.3% |
| Operating profit (loss) | 9901 | €1,045,804 | €1,157,608 | +€111,804 | +10.7% |
| Recurring financial income | 75 | €16,026 | €68,171 | +€52,145 | +325% |
| Income from current assets | 751 | €15,911 | €64,647 | +€48,736 | +306% |
| Other financial income | 752/9 | €115 | €3,524 | +€3,409 | +2,964% |
| Financial charges | 65/66B | €307,244 | €13,496 | -€293,748 | -95.6% |
| Recurring financial charges | 65 | €307,244 | €13,496 | -€293,748 | -95.6% |
| Debt charges | 650 | €294,317 | €12,816 | -€281,501 | -95.6% |
| Other financial charges | 652/9 | €12,927 | €680 | -€12,247 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €754,586 | €1,212,283 | +€457,697 | +60.7% |
| Income taxes | 67/77 | €56,269 | €27,904 | -€28,365 | -50.4% |
| Taxes | 670/3 | €57,428 | €27,904 | -€29,524 | -51.4% |
| Tax adjustments and reversals of tax provisions | 77 | €1,159 | - | -€1,159 | |
| Profit (loss) for the period | 9904 | €698,317 | €1,184,379 | +€486,062 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €698,317 | €1,184,379 | +€486,062 | +69.6% |
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 19 October 2026 via checked.be.