M.A.M GEMS: what changed
What changed
M.A.M GEMS
NACE 46.861, Wholesale of diamonds and other precious stones
filed annual accounts (NBB)
Net result for the year
€35,883
2024 · €53,190-€17,307
Equity
€4.7m
2024 · €4.7m+€35,883
Cash
€90,853
2024 · €9,355+€81,497
Balance sheet total
€10.6m
2024 · €8.0m+€2.6m
Largest movements
Assets
- Receivables within one year +€3.6m
up €3.6m (+108%), from €3.3m to €6.8m
of which Trade receivables: +€3.6m
- Stocks and contracts -€1.1m
down €1.1m (-22.9%), from €4.7m to €3.6m
Equity and liabilities
- Trade debts +€2.5m
up €2.5m (+78.1%), from €3.3m to €5.8m
Income statement
- Gross operating margin +€289,926
up €289,926, from -€44,527 to €245,400
- Financial charges +€161,260
up €161,260 (+741%), from €21,750 to €183,009
- Financial income -€133,731
down €133,731 (-93.4%), from €143,155 to €9,424
- Taxes +€8,754
up €8,754 (+45.7%), from €19,160 to €27,915
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€53,190
Gross operating margin
+€289,926
Staff costs
-€1,158
Depreciation
-€953
Other operating charges
-€1,378
Financial income
-€133,731
Financial charges
-€161,260
Taxes
-€8,754
Result 2025
€35,883
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€105,656
Investment
-€24,159
Financing
€0
Cash 2024
€9,355
From operations (derived)
+€105,656
Net result for the year
+€35,883
Depreciation
+€4,253
Stocks and contracts
+€1.1m
Receivables within one year
-€3.6m
Smaller working-capital items
-€222
Trade debts
+€2.5m
Investment (derived)
-€24,159
Investment in fixed assets (net)
-€24,159
Cash 2025
€90,853
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,003,768 | €10,580,691 | +€2.6m | +32.2% |
| Fixed assets | 21/28 | €2,970 | €22,876 | +€19,906 | +670% |
| Tangible fixed assets | 22/27 | €2,970 | €22,876 | +€19,906 | +670% |
| Plant, machinery and equipment | 23 | - | €1,292 | +€1,292 | |
| Furniture and vehicles | 24 | €2,970 | €21,585 | +€18,614 | +627% |
| Current assets | 29/58 | €8,000,798 | €10,557,815 | +€2.6m | +32.0% |
| Stocks and contracts in progress | 3 | €4,714,398 | €3,635,612 | -€1.1m | -22.9% |
| Stocks | 30/36 | €4,714,398 | €3,635,612 | -€1.1m | -22.9% |
| Amounts receivable within one year | 40/41 | €3,277,045 | €6,830,962 | +€3.6m | +108% |
| Trade receivables | 40 | €3,273,642 | €6,824,345 | +€3.6m | +108% |
| Other amounts receivable | 41 | €3,403 | €6,617 | +€3,214 | +94.5% |
| Cash at bank and in hand | 54/58 | €9,355 | €90,853 | +€81,497 | +871% |
| Deferred charges and accrued income | 490/1 | - | €388 | +€388 | |
| Total equity and liabilities | 10/49 | €8,003,768 | €10,580,691 | +€2.6m | +32.2% |
| Equity | 10/15 | €4,655,132 | €4,691,014 | +€35,883 | +0.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €251,855 | €251,855 | = | 0.0% |
| Distributable reserves | 133 | €251,855 | €251,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,384,727 | €4,420,609 | +€35,883 | +0.8% |
| Amounts payable | 17/49 | €3,348,637 | €5,889,677 | +€2.5m | +75.9% |
| Amounts payable within one year | 42/48 | €3,348,637 | €5,889,677 | +€2.5m | +75.9% |
| Trade debts | 44 | €3,254,783 | €5,795,657 | +€2.5m | +78.1% |
| Suppliers | 440/4 | €3,254,783 | €5,795,657 | +€2.5m | +78.1% |
| Taxes, remuneration and social security | 45 | €48,145 | €42,791 | -€5,354 | -11.1% |
| Taxes | 450/3 | €48,145 | €42,791 | -€5,354 | -11.1% |
| Other amounts payable | 47/48 | €45,708 | €51,228 | +€5,520 | +12.1% |
| Remuneration, social security and pensions | 62 | €85 | €1,243 | +€1,158 | +1,361% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,300 | €4,253 | +€953 | +28.9% |
| Other operating charges | 640/8 | €1,143 | €2,521 | +€1,378 | +121% |
| Gross operating margin | 9900 | -€44,527 | €245,400 | +€289,926 | |
| Operating profit (loss) | 9901 | -€49,055 | €237,383 | +€286,438 | |
| Financial income | 75/76B | €143,155 | €9,424 | -€133,731 | -93.4% |
| Recurring financial income | 75 | €143,155 | €9,424 | -€133,731 | -93.4% |
| Financial charges | 65/66B | €21,750 | €183,009 | +€161,260 | +741% |
| Recurring financial charges | 65 | €21,750 | €183,009 | +€161,260 | +741% |
| Profit (loss) for the period before taxes | 9903 | €72,350 | €63,798 | -€8,553 | -11.8% |
| Income taxes | 67/77 | €19,160 | €27,915 | +€8,754 | +45.7% |
| Profit (loss) for the period | 9904 | €53,190 | €35,883 | -€17,307 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,190 | €35,883 | -€17,307 | -32.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.