GM 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.
GM Estate
Largest movements
- Stocks and contracts -€692,736
down €692,736 (-45.5%), from €1.5m to €829,874
- Receivables within one year +€298,469
up €298,469 (+43,234%), from €690 to €299,159
- Cash +€175,713
up €175,713 (+43.2%), from €406,418 to €582,131
mainly Stocks and contracts (+€692,736) and Tax, wage and social debts (+€11,963)
- Profit (loss) carried forward -€232,564
down €232,564 (-76.9%), from -€302,255 to -€534,819
- Financial charges +€87,585
up €87,585 (+160%), from €54,884 to €142,470
- Financial income -€33,231
down €33,231 (-99.0%), from €33,557 to €325
- Gross operating margin +€32,484
up €32,484 (+31.8%), from -€102,246 to -€69,762
- Taxes +€12,053
up €12,053 (+335%), from €3,594 to €15,646
- Depreciation -€2,228
down €2,228 (-62.0%), from €3,594 to €1,367
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,350,314 | €2,129,518 | -€220,796 | -9.4% |
| Fixed assets | 21/28 | €417,901 | €416,535 | -€1,367 | -0.3% |
| Tangible fixed assets | 22/27 | €412,701 | €411,335 | -€1,367 | -0.3% |
| Land and buildings | 22 | €406,200 | €406,200 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,313 | €1,786 | -€527 | -22.8% |
| Furniture and vehicles | 24 | €3,855 | €3,182 | -€673 | -17.5% |
| Other tangible fixed assets | 26 | €333 | €167 | -€167 | -50.0% |
| Financial fixed assets | 28 | €5,200 | €5,200 | = | 0.0% |
| Current assets | 29/58 | €1,932,413 | €1,712,983 | -€219,430 | -11.4% |
| Stocks and contracts in progress | 3 | €1,522,610 | €829,874 | -€692,736 | -45.5% |
| Stocks | 30/36 | €1,522,610 | €829,874 | -€692,736 | -45.5% |
| Amounts receivable within one year | 40/41 | €690 | €299,159 | +€298,469 | +43,234% |
| Other amounts receivable | 41 | €690 | €299,159 | +€298,469 | +43,234% |
| Cash at bank and in hand | 54/58 | €406,418 | €582,131 | +€175,713 | +43.2% |
| Deferred charges and accrued income | 490/1 | €2,695 | €1,819 | -€876 | -32.5% |
| Total equity and liabilities | 10/49 | €2,350,314 | €2,129,518 | -€220,796 | -9.4% |
| Equity | 10/15 | €347,205 | €114,641 | -€232,564 | -67.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €643,260 | €643,260 | = | 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 | €641,400 | €643,260 | +€1,860 | +0.3% |
| Profit (loss) carried forward | 14 | -€302,255 | -€534,819 | -€232,564 | -76.9% |
| Amounts payable | 17/49 | €2,003,109 | €2,014,876 | +€11,767 | +0.6% |
| Amounts payable within one year | 42/48 | €2,003,109 | €2,012,026 | +€8,917 | +0.4% |
| Financial debts | 43 | €1,990,950 | €1,990,950 | = | 0.0% |
| Credit institutions | 430/8 | €1,990,950 | €1,990,950 | = | 0.0% |
| Trade debts | 44 | €3,364 | €318 | -€3,046 | -90.5% |
| Suppliers | 440/4 | €3,364 | €318 | -€3,046 | -90.5% |
| Taxes, remuneration and social security | 45 | €6,803 | €18,766 | +€11,963 | +176% |
| Taxes | 450/3 | €6,803 | €18,766 | +€11,963 | +176% |
| Other amounts payable | 47/48 | €1,992 | €1,992 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,850 | +€2,850 | |
| Non-recurring operating income | 76A | - | €2,262 | +€2,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,594 | €1,367 | -€2,228 | -62.0% |
| Other operating charges | 640/8 | €3,747 | €3,643 | -€104 | -2.8% |
| Gross operating margin | 9900 | -€102,246 | -€69,762 | +€32,484 | +31.8% |
| Operating profit (loss) | 9901 | -€109,587 | -€74,772 | +€34,815 | +31.8% |
| Financial income | 75/76B | €33,557 | €325 | -€33,231 | -99.0% |
| Recurring financial income | 75 | €33,557 | €325 | -€33,231 | -99.0% |
| Financial charges | 65/66B | €54,884 | €142,470 | +€87,585 | +160% |
| Recurring financial charges | 65 | €54,884 | €142,470 | +€87,585 | +160% |
| Profit (loss) for the period before taxes | 9903 | -€130,915 | -€216,917 | -€86,002 | -65.7% |
| Income taxes | 67/77 | €3,594 | €15,646 | +€12,053 | +335% |
| Profit (loss) for the period | 9904 | -€134,509 | -€232,564 | -€98,055 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,509 | -€232,564 | -€98,055 | -72.9% |
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 15 October 2026 via checked.be.