HARDIK DIAM: 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
HARDIK DIAM
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€1.6m
2023 · €47,087-€1.6m
Equity
€12.7m
2023 · €14.3m-€1.6m
Cash
€394,135
2023 · €14,785+€379,350
Balance sheet total
€13.4m
2023 · €38.5m-€25.1m
Largest movements
Assets
- Receivables within one year -€17.8m
down €17.8m (-98.5%), from €18.1m to €264,734
of which Trade receivables: -€17.8m
- Current investments -€4.9m
no longer reported in 2024 (was €4.9m)
- Stocks and contracts -€2.7m
down €2.7m (-18.7%), from €14.5m to €11.8m
Equity and liabilities
- Short-term financial debts -€13.8m
no longer reported in 2024 (was €13.8m)
- Debts after one year -€8.0m
down €8.0m (-99.7%), from €8.0m to €21,253
- Trade debts -€1.7m
down €1.7m (-76.9%), from €2.1m to €496,845
- Reserves -€1.6m
down €1.6m (-26.9%), from €5.8m to €4.2m
of which Distributable reserves: -€1.6m
Income statement
- Turnover -€15.8m
down €15.8m (-25.6%), from €61.9m to €46.0m
- Goods and materials -€14.3m
down €14.3m (-23.9%), from €59.8m to €45.5m
From the 2023 result to the 2024 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 2023
€47,087
Turnover
-€15.8m
Other operating income
-€4,569
Goods and materials
+€14.3m
Services and other goods
+€70,704
Staff costs
+€6,351
Depreciation
-€905
Write-downs
+€30,078
Other operating charges
-€615,692
Other operating items
+€5,138
Financial income
+€150,654
Financial charges
+€251,964
Taxes
+€40,855
Result 2024
-€1.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€17.3m
Investment
+€4.9m
Financing
-€21.8m
Cash 2023
€14,785
From operations (derived)
+€17.3m
Net result for the year
-€1.6m
Depreciation
+€58,022
Stocks and contracts
+€2.7m
Receivables within one year
+€17.8m
Smaller working-capital items
+€3,653
Trade debts
-€1.7m
Accrued charges and deferred income
-€56,066
Investment (derived)
+€4.9m
Investment in fixed assets (net)
-€27,774
Current investments
+€4.9m
Financing
-€21.8m
Debts after one year
-€8.0m
Current portion of long-term debt
+€162
Short-term financial debts
-€13.8m
Cash 2024
€394,135
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,462,041 | €13,380,571 | -€25.1m | -65.2% |
| Fixed assets | 21/28 | €978,253 | €948,005 | -€30,248 | -3.1% |
| Tangible fixed assets | 22/27 | €978,253 | €948,005 | -€30,248 | -3.1% |
| Land and buildings | 22 | €902,202 | €882,517 | -€19,685 | -2.2% |
| Plant, machinery and equipment | 23 | €559 | €20,519 | +€19,960 | +3,571% |
| Furniture and vehicles | 24 | €75,492 | €44,969 | -€30,523 | -40.4% |
| Current assets | 29/58 | €37,483,788 | €12,432,566 | -€25.1m | -66.8% |
| Stocks and contracts in progress | 3 | €14,483,836 | €11,771,834 | -€2.7m | -18.7% |
| Stocks | 30/36 | €14,483,836 | €11,771,834 | -€2.7m | -18.7% |
| Goods purchased for resale | 34 | €14,483,836 | €11,771,834 | -€2.7m | -18.7% |
| Amounts receivable within one year | 40/41 | €18,088,256 | €264,734 | -€17.8m | -98.5% |
| Trade receivables | 40 | €18,079,433 | €259,611 | -€17.8m | -98.6% |
| Other amounts receivable | 41 | €8,823 | €5,123 | -€3,700 | -41.9% |
| Current investments | 50/53 | €4,890,000 | - | -€4.9m | |
| Other investments | 51/53 | €4,890,000 | - | -€4.9m | |
| Cash at bank and in hand | 54/58 | €14,785 | €394,135 | +€379,350 | +2,566% |
| Deferred charges and accrued income | 490/1 | €6,911 | €1,863 | -€5,048 | -73.0% |
| Total equity and liabilities | 10/49 | €38,462,041 | €13,380,571 | -€25.1m | -65.2% |
| Equity | 10/15 | €14,276,686 | €12,721,331 | -€1.6m | -10.9% |
| Contributions | 10/11 | €8,500,000 | €8,500,000 | = | 0.0% |
| Capital | 10 | €8,500,000 | €8,500,000 | = | 0.0% |
| Issued capital | 100 | €8,500,000 | €8,500,000 | = | 0.0% |
| Reserves | 13 | €5,776,686 | €4,221,331 | -€1.6m | -26.9% |
| Non-distributable reserves | 130/1 | €850,000 | €850,000 | = | 0.0% |
| Legal reserve | 130 | €850,000 | €850,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €132 | €132 | = | 0.0% |
| Distributable reserves | 133 | €4,926,554 | €3,371,199 | -€1.6m | -31.6% |
| Amounts payable | 17/49 | €24,185,355 | €659,240 | -€23.5m | -97.3% |
| Amounts payable after more than one year | 17 | €8,036,790 | €21,253 | -€8.0m | -99.7% |
| Financial debts | 170/4 | €8,036,790 | €21,253 | -€8.0m | -99.7% |
| Subordinated loans | 170 | €8,000,000 | - | -€8.0m | |
| Credit institutions | 173 | €36,790 | €21,253 | -€15,537 | -42.2% |
| Amounts payable within one year | 42/48 | €16,091,887 | €637,375 | -€15.5m | -96.0% |
| Current portion of amounts payable after more than one year | 42 | €13,933 | €14,095 | +€162 | +1.2% |
| Financial debts | 43 | €13,803,235 | - | -€13.8m | |
| Credit institutions | 430/8 | €13,803,235 | - | -€13.8m | |
| Trade debts | 44 | €2,146,889 | €496,845 | -€1.7m | -76.9% |
| Suppliers | 440/4 | €2,146,889 | €496,845 | -€1.7m | -76.9% |
| Taxes, remuneration and social security | 45 | €103,343 | €123,701 | +€20,358 | +19.7% |
| Taxes | 450/3 | €97,647 | €116,776 | +€19,129 | +19.6% |
| Remuneration and social security | 454/9 | €5,696 | €6,925 | +€1,229 | +21.6% |
| Other amounts payable | 47/48 | €24,487 | €2,734 | -€21,753 | -88.8% |
| Accrued charges and deferred income | 492/3 | €56,678 | €612 | -€56,066 | -98.9% |
| Operating income | 70/76A | €61,863,332 | €46,015,482 | -€15.8m | -25.6% |
| Turnover | 70 | €61,850,105 | €46,001,686 | -€15.8m | -25.6% |
| Other operating income | 74 | €13,227 | €8,658 | -€4,569 | -34.5% |
| Non-recurring operating income | 76A | - | €5,138 | +€5,138 | |
| Operating charges | 60/66A | €60,398,336 | €46,596,401 | -€13.8m | -22.9% |
| Goods for resale, raw materials and consumables | 60 | €59,798,946 | €45,487,547 | -€14.3m | -23.9% |
| Change in stocks: decrease (increase) | 609 | -€1,054,206 | €2,712,001 | +€3.8m | |
| Services and other goods | 61 | €404,817 | €334,113 | -€70,704 | -17.5% |
| Remuneration, social security and pensions | 62 | €125,896 | €119,545 | -€6,351 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,117 | €58,022 | +€905 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€30,078 | -€30,078 | |
| Other operating charges | 640/8 | €11,560 | €627,252 | +€615,692 | +5,326% |
| Operating profit (loss) | 9901 | €1,464,996 | -€580,919 | -€2.0m | |
| Recurring financial income | 75 | €17,263 | €167,917 | +€150,654 | +873% |
| Income from current assets | 751 | €2,106 | €164,278 | +€162,172 | +7,700% |
| Other financial income | 752/9 | €15,157 | €3,639 | -€11,518 | -76.0% |
| Financial charges | 65/66B | €1,325,034 | €1,073,070 | -€251,964 | -19.0% |
| Recurring financial charges | 65 | €1,325,034 | €1,073,070 | -€251,964 | -19.0% |
| Debt charges | 650 | €1,168,448 | €955,109 | -€213,339 | -18.3% |
| Other financial charges | 652/9 | €156,586 | €117,961 | -€38,625 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €157,225 | -€1,486,072 | -€1.6m | |
| Income taxes | 67/77 | €110,138 | €69,283 | -€40,855 | -37.1% |
| Taxes | 670/3 | €116,875 | €69,283 | -€47,592 | -40.7% |
| Tax adjustments and reversals of tax provisions | 77 | €6,737 | - | -€6,737 | |
| Profit (loss) for the period | 9904 | €47,087 | -€1,555,355 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €47,087 | -€1,555,355 | -€1.6m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.