Ishtara 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.
What changed
Ishtara Diamonds
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€725,426
2024 · -€47,727-€677,699
Equity
€5.7m
2024 · €6.4m-€725,426
Cash
€440,921
2024 · €1.2m-€770,602
Balance sheet total
€7.4m
2024 · €7.0m+€459,565
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+32.0%), from €3.7m to €4.9m
of which Trade receivables: +€1.2m
- Cash -€770,602
down €770,602 (-63.6%), from €1.2m to €440,921
mainly Receivables within one year (-€1.2m) and Net result for the year (-€725,426)
- Stocks and contracts +€122,894
up €122,894 (+7.0%), from €1.7m to €1.9m
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+231%), from €513,559 to €1.7m
- Profit (loss) carried forward -€725,426
down €725,426 (-119%), from -€607,298 to -€1.3m
Income statement
- Turnover -€1.6m
down €1.6m (-19.0%), from €8.3m to €6.7m
- Goods and materials -€921,149
down €921,149 (-11.3%), from €8.2m to €7.2m
of which Change in stocks: decrease (increase): -€2.2m
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
-€47,727
Turnover
-€1.6m
Other operating income
-€8,079
Goods and materials
+€921,149
Services and other goods
+€29,854
Staff costs
-€24,106
Depreciation
+€0
Other operating charges
-€331
Financial income
-€33,910
Financial charges
+€1,626
Taxes
+€7,950
Result 2025
-€725,426
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
-€770,602
Investment
€0
Financing
€0
Cash 2024
€1.2m
From operations (derived)
-€770,602
Net result for the year
-€725,426
Depreciation
+€17,007
Receivables after one year
+€54,713
Stocks and contracts
-€122,894
Receivables within one year
-€1.2m
Smaller working-capital items
-€1,848
Trade debts
+€1.2m
Cash 2025
€440,921
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,985,697 | €7,445,262 | +€459,565 | +6.6% |
| Fixed assets | 21/28 | €187,520 | €170,513 | -€17,007 | -9.1% |
| Tangible fixed assets | 22/27 | €187,409 | €170,401 | -€17,007 | -9.1% |
| Land and buildings | 22 | €112,830 | €109,937 | -€2,893 | -2.6% |
| Plant, machinery and equipment | 23 | €73,655 | €60,458 | -€13,197 | -17.9% |
| Furniture and vehicles | 24 | €923 | €6 | -€917 | -99.4% |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Other financial fixed assets | 284/8 | €112 | €112 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €6,798,177 | €7,274,749 | +€476,572 | +7.0% |
| Amounts receivable after more than one year | 29 | €158,065 | €103,352 | -€54,713 | -34.6% |
| Other amounts receivable | 291 | €158,065 | €103,352 | -€54,713 | -34.6% |
| Stocks and contracts in progress | 3 | €1,749,447 | €1,872,340 | +€122,894 | +7.0% |
| Stocks | 30/36 | €1,749,447 | €1,872,340 | +€122,894 | +7.0% |
| Goods purchased for resale | 34 | €1,749,447 | €1,872,340 | +€122,894 | +7.0% |
| Amounts receivable within one year | 40/41 | €3,678,178 | €4,856,891 | +€1.2m | +32.0% |
| Trade receivables | 40 | €3,657,992 | €4,843,957 | +€1.2m | +32.4% |
| Other amounts receivable | 41 | €20,186 | €12,935 | -€7,251 | -35.9% |
| Cash at bank and in hand | 54/58 | €1,211,523 | €440,921 | -€770,602 | -63.6% |
| Deferred charges and accrued income | 490/1 | €965 | €1,244 | +€279 | +28.9% |
| Total equity and liabilities | 10/49 | €6,985,697 | €7,445,262 | +€459,565 | +6.6% |
| Equity | 10/15 | €6,420,126 | €5,694,700 | -€725,426 | -11.3% |
| Contributions | 10/11 | €16,970 | €16,970 | = | 0.0% |
| Reserves | 13 | €7,010,454 | €7,010,454 | = | 0.0% |
| Distributable reserves | 133 | €7,010,454 | €7,010,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€607,298 | -€1,332,724 | -€725,426 | -119% |
| Amounts payable | 17/49 | €565,571 | €1,750,562 | +€1.2m | +210% |
| Amounts payable within one year | 42/48 | €565,374 | €1,750,154 | +€1.2m | +210% |
| Trade debts | 44 | €513,559 | €1,700,119 | +€1.2m | +231% |
| Suppliers | 440/4 | €513,559 | €1,700,119 | +€1.2m | +231% |
| Taxes, remuneration and social security | 45 | €51,815 | €50,035 | -€1,780 | -3.4% |
| Taxes | 450/3 | €39,430 | €30,675 | -€8,755 | -22.2% |
| Remuneration and social security | 454/9 | €12,385 | €19,360 | +€6,975 | +56.3% |
| Accrued charges and deferred income | 492/3 | €197 | €408 | +€210 | +107% |
| Operating income | 70/76A | €8,293,907 | €6,713,977 | -€1.6m | -19.0% |
| Turnover | 70 | €8,285,704 | €6,713,853 | -€1.6m | -19.0% |
| Other operating income | 74 | €8,203 | €124 | -€8,079 | -98.5% |
| Operating charges | 60/66A | €8,357,729 | €7,431,163 | -€926,566 | -11.1% |
| Goods for resale, raw materials and consumables | 60 | €8,152,442 | €7,231,293 | -€921,149 | -11.3% |
| Purchases | 600/8 | €6,096,898 | €7,354,187 | +€1.3m | +20.6% |
| Change in stocks: decrease (increase) | 609 | €2,055,544 | -€122,894 | -€2.2m | |
| Services and other goods | 61 | €170,602 | €140,748 | -€29,854 | -17.5% |
| Remuneration, social security and pensions | 62 | €12,473 | €36,579 | +€24,106 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,007 | €17,007 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,204 | €5,535 | +€331 | +6.4% |
| Operating profit (loss) | 9901 | -€63,821 | -€717,186 | -€653,365 | -1,024% |
| Financial income | 75/76B | €43,319 | €9,409 | -€33,910 | -78.3% |
| Recurring financial income | 75 | €43,319 | €9,409 | -€33,910 | -78.3% |
| Other financial income | 752/9 | €43,319 | €9,409 | -€33,910 | -78.3% |
| Financial charges | 65/66B | €11,629 | €10,003 | -€1,626 | -14.0% |
| Recurring financial charges | 65 | €11,629 | €10,003 | -€1,626 | -14.0% |
| Other financial charges | 652/9 | €11,629 | €10,003 | -€1,626 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,131 | -€717,780 | -€685,649 | -2,134% |
| Income taxes | 67/77 | €15,595 | €7,645 | -€7,950 | -51.0% |
| Taxes | 670/3 | €15,600 | €10,762 | -€4,838 | -31.0% |
| Tax adjustments and reversals of tax provisions | 77 | €5 | €3,116 | +€3,112 | +67,063% |
| Profit (loss) for the period | 9904 | -€47,727 | -€725,426 | -€677,699 | -1,420% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,727 | -€725,426 | -€677,699 | -1,420% |
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 28 October 2026 via checked.be.