KOMAL 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
KOMAL GEMS
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6.8m
2024 · €3.8m-€10.7m
Equity
€45.3m
2024 · €52.1m-€6.7m
Cash
€442,721
2024 · €187,949+€254,772
Balance sheet total
€47.5m
2024 · €65.0m-€17.5m
Largest movements
Assets
- Receivables within one year -€20.7m
down €20.7m (-35.3%), from €58.6m to €37.9m
of which Trade receivables: -€20.7m
- Stocks and contracts +€3.0m
up €3.0m (+52.9%), from €5.7m to €8.8m
Equity and liabilities
- Reserves -€6.7m
down €6.7m (-17.3%), from €39.0m to €32.3m
of which Distributable reserves: -€6.7m
- Trade debts -€6.1m
down €6.1m (-77.0%), from €8.0m to €1.8m
- Debts after one year -€2.9m
no longer reported in 2025 (was €2.9m)
- Other debts -€1.8m
down €1.8m (-94.5%), from €1.9m to €105,403
Income statement
- Turnover -€47.9m
down €47.9m (-42.7%), from €112.3m to €64.4m
- Goods and materials -€35.9m
down €35.9m (-33.9%), from €106.0m to €70.1m
of which Purchases: -€28.8m
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
€3.8m
Turnover
-€47.9m
Other operating income
-€25,122
Goods and materials
+€35.9m
Services and other goods
+€208,694
Staff costs
-€54,807
Depreciation
+€40,175
Write-downs
-€165,845
Other operating charges
+€897,581
Other operating items
-€20,546
Financial income
+€3,365
Financial charges
+€526,847
Taxes
-€96,729
Result 2025
-€6.8m
Cash bridge derived
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
+€3.0m
Investment
+€23,351
Financing
-€2.8m
Cash 2024
€187,949
From operations (derived)
+€3.0m
Net result for the year
-€6.8m
Depreciation
+€64,740
Stocks and contracts
-€3.0m
Receivables within one year
+€20.7m
Smaller working-capital items
-€1,604
Trade debts
-€6.1m
Tax, wage and social debts
+€102,552
Other debts
-€1.8m
Investment (derived)
+€23,351
Investment in fixed assets (net)
+€23,351
Financing
-€2.8m
Debts after one year
-€2.9m
Short-term financial debts
-€23,849
Contributions, distributions and other
+€85,612
Cash 2025
€442,721
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,952,655 | €47,463,766 | -€17.5m | -26.9% |
| Fixed assets | 21/28 | €398,431 | €310,340 | -€88,091 | -22.1% |
| Tangible fixed assets | 22/27 | €398,231 | €309,868 | -€88,363 | -22.2% |
| Land and buildings | 22 | €329,021 | €273,839 | -€55,182 | -16.8% |
| Plant, machinery and equipment | 23 | €14,242 | €36,028 | +€21,786 | +153.0% |
| Furniture and vehicles | 24 | €54,967 | - | -€54,967 | |
| Financial fixed assets | 28 | €200 | €473 | +€273 | +136.3% |
| Other financial fixed assets | 284/8 | €200 | €473 | +€273 | +136.3% |
| Amounts receivable and cash guarantees | 285/8 | €200 | €473 | +€273 | +136.3% |
| Current assets | 29/58 | €64,554,224 | €47,153,425 | -€17.4m | -27.0% |
| Stocks and contracts in progress | 3 | €5,740,242 | €8,779,044 | +€3.0m | +52.9% |
| Stocks | 30/36 | €5,740,242 | €8,779,044 | +€3.0m | +52.9% |
| Goods purchased for resale | 34 | €5,740,242 | €8,779,044 | +€3.0m | +52.9% |
| Amounts receivable within one year | 40/41 | €58,618,107 | €37,924,918 | -€20.7m | -35.3% |
| Trade receivables | 40 | €58,578,551 | €37,893,648 | -€20.7m | -35.3% |
| Other amounts receivable | 41 | €39,556 | €31,269 | -€8,286 | -20.9% |
| Cash at bank and in hand | 54/58 | €187,949 | €442,721 | +€254,772 | +135.6% |
| Deferred charges and accrued income | 490/1 | €7,926 | €6,742 | -€1,184 | -14.9% |
| Total equity and liabilities | 10/49 | €64,952,655 | €47,463,766 | -€17.5m | -26.9% |
| Equity | 10/15 | €52,088,112 | €45,347,809 | -€6.7m | -12.9% |
| Contributions | 10/11 | €13,070,000 | €13,070,000 | = | 0.0% |
| Capital | 10 | €13,070,000 | €13,070,000 | = | 0.0% |
| Issued capital | 100 | €13,070,000 | €13,070,000 | = | 0.0% |
| Reserves | 13 | €39,018,112 | €32,277,809 | -€6.7m | -17.3% |
| Non-distributable reserves | 130/1 | €1,307,000 | €1,307,000 | = | 0.0% |
| Legal reserve | 130 | €1,307,000 | €1,307,000 | = | 0.0% |
| Distributable reserves | 133 | €37,711,112 | €30,970,809 | -€6.7m | -17.9% |
| Amounts payable | 17/49 | €12,864,543 | €2,115,956 | -€10.7m | -83.6% |
| Amounts payable after more than one year | 17 | €2,871,436 | - | -€2.9m | |
| Financial debts | 170/4 | €2,871,436 | - | -€2.9m | |
| Other loans | 174 | €2,871,436 | - | -€2.9m | |
| Amounts payable within one year | 42/48 | €9,993,108 | €2,115,956 | -€7.9m | -78.8% |
| Financial debts | 43 | €57,977 | €34,128 | -€23,849 | -41.1% |
| Credit institutions | 430/8 | €57,977 | €34,128 | -€23,849 | -41.1% |
| Trade debts | 44 | €7,958,577 | €1,832,235 | -€6.1m | -77.0% |
| Suppliers | 440/4 | €7,958,577 | €1,832,235 | -€6.1m | -77.0% |
| Advances received on contracts in progress | 46 | €24,065 | €21,278 | -€2,788 | -11.6% |
| Taxes, remuneration and social security | 45 | €20,360 | €122,913 | +€102,552 | +503.7% |
| Taxes | 450/3 | €11,000 | €108,000 | +€97,000 | +881.8% |
| Remuneration and social security | 454/9 | €9,360 | €14,913 | +€5,552 | +59.3% |
| Other amounts payable | 47/48 | €1,932,128 | €105,403 | -€1.8m | -94.5% |
| Operating income | 70/76A | €112,401,794 | €64,446,900 | -€48.0m | -42.7% |
| Turnover | 70 | €112,341,224 | €64,411,452 | -€47.9m | -42.7% |
| Other operating income | 74 | €60,569 | €35,448 | -€25,122 | -41.5% |
| Operating charges | 60/66A | €107,853,502 | €71,001,214 | -€36.9m | -34.2% |
| Goods for resale, raw materials and consumables | 60 | €106,003,587 | €70,056,550 | -€35.9m | -33.9% |
| Purchases | 600/8 | €99,647,816 | €70,816,615 | -€28.8m | -28.9% |
| Change in stocks: decrease (increase) | 609 | €6,355,771 | -€760,065 | -€7.1m | |
| Services and other goods | 61 | €862,536 | €653,842 | -€208,694 | -24.2% |
| Remuneration, social security and pensions | 62 | €127,284 | €182,091 | +€54,807 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,915 | €64,740 | -€40,175 | -38.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€165,845 | - | +€165,845 | |
| Other operating charges | 640/8 | €921,026 | €23,445 | -€897,581 | -97.5% |
| Non-recurring operating charges | 66A | - | €20,546 | +€20,546 | |
| Operating profit (loss) | 9901 | €4,548,291 | -€6,554,314 | -€11.1m | |
| Financial income | 75/76B | €401 | €3,765 | +€3,365 | +839.7% |
| Recurring financial income | 75 | €401 | €3,765 | +€3,365 | +839.7% |
| Income from current assets | 751 | €250 | €3,702 | +€3,451 | +1379.8% |
| Other financial income | 752/9 | €151 | €64 | -€87 | -57.7% |
| Financial charges | 65/66B | €694,483 | €167,635 | -€526,847 | -75.9% |
| Recurring financial charges | 65 | €694,483 | €167,635 | -€526,847 | -75.9% |
| Debt charges | 650 | €449,677 | €81,457 | -€368,220 | -81.9% |
| Other financial charges | 652/9 | €244,806 | €86,178 | -€158,627 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €3,854,209 | -€6,718,184 | -€10.6m | |
| Income taxes | 67/77 | €11,002 | €107,731 | +€96,729 | +879.2% |
| Taxes | 670/3 | €11,002 | €107,731 | +€96,729 | +879.2% |
| Profit (loss) for the period | 9904 | €3,843,208 | -€6,825,915 | -€10.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,843,208 | -€6,825,915 | -€10.7m |
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 12 October 2026 via checked.be.