M.RAJESH: 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
M.RAJESH
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€3.4m
2023 · -€2.8m-€666,419
Equity
€3.4m
2023 · €6.8m-€3.4m
Cash
€653,546
2023 · €139,284+€514,262
Balance sheet total
€7.6m
2023 · €14.0m-€6.4m
Largest movements
Assets
- Receivables within one year -€4.5m
down €4.5m (-85.1%), from €5.3m to €783,625
of which Trade receivables: -€4.5m
- Stocks and contracts -€2.5m
down €2.5m (-29.5%), from €8.4m to €5.9m
- Cash +€514,262
up €514,262 (+369.2%), from €139,284 to €653,546
mainly Receivables within one year (+€4.5m) and Stocks and contracts (+€2.5m)
Equity and liabilities
- Profit (loss) carried forward -€3.4m
down €3.4m (-2321.7%), from -€147,489 to -€3.6m
- Trade debts -€1.4m
down €1.4m (-25.4%), from €5.4m to €4.0m
- Debts after one year -€904,977
no longer reported in 2024 (was €904,977)
- Short-term financial debts -€704,556
no longer reported in 2024 (was €704,556)
Income statement
- Goods and materials -€19.3m
down €19.3m (-45.0%), from €42.9m to €23.6m
of which Purchases: -€20.5m
- Turnover -€18.5m
down €18.5m (-45.1%), from €41.0m to €22.5m
- Write-downs +€1.7m
new in 2024: €1.7m
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
-€2.8m
Turnover
-€18.5m
Other operating income
-€84
Goods and materials
+€19.3m
Services and other goods
+€31,535
Staff costs
+€4,281
Depreciation
-€4,939
Write-downs
-€1.7m
Other operating charges
-€73
Financial income
+€471
Financial charges
+€193,699
Taxes
-€54,633
Result 2024
-€3.4m
Cash bridge derived
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
+€2.2m
Investment
-€53,367
Financing
-€1.6m
Cash 2023
€139,284
From operations (derived)
+€2.2m
Net result for the year
-€3.4m
Depreciation
+€12,557
Stocks and contracts
+€2.5m
Receivables within one year
+€4.5m
Deferred charges and accrued income
+€2,270
Provisions
+€48,443
Trade debts
-€1.4m
Tax, wage and social debts
-€47,501
Advances received
+€18,896
Accrued charges and deferred income
-€22,729
Investment (derived)
-€53,367
Investment in fixed assets (net)
-€53,367
Financing
-€1.6m
Debts after one year
-€904,977
Short-term financial debts
-€704,556
Cash 2024
€653,546
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,007,818 | €7,593,457 | -€6.4m | -45.8% |
| Fixed assets | 21/28 | €195,509 | €236,319 | +€40,810 | +20.9% |
| Tangible fixed assets | 22/27 | €195,109 | €235,919 | +€40,810 | +20.9% |
| Land and buildings | 22 | €190,312 | €183,230 | -€7,082 | -3.7% |
| Plant, machinery and equipment | 23 | €3,143 | €52,689 | +€49,546 | +1576.6% |
| Furniture and vehicles | 24 | €1,654 | €0 | -€1,654 | -100.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Other financial fixed assets | 284/8 | €400 | €400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €13,812,309 | €7,357,138 | -€6.5m | -46.7% |
| Stocks and contracts in progress | 3 | €8,377,899 | €5,903,589 | -€2.5m | -29.5% |
| Stocks | 30/36 | €8,377,899 | €5,903,589 | -€2.5m | -29.5% |
| Goods purchased for resale | 34 | €8,377,899 | €5,903,589 | -€2.5m | -29.5% |
| Amounts receivable within one year | 40/41 | €5,276,478 | €783,625 | -€4.5m | -85.1% |
| Trade receivables | 40 | €5,163,086 | €652,935 | -€4.5m | -87.4% |
| Other amounts receivable | 41 | €113,392 | €130,689 | +€17,298 | +15.3% |
| Cash at bank and in hand | 54/58 | €139,284 | €653,546 | +€514,262 | +369.2% |
| Deferred charges and accrued income | 490/1 | €18,649 | €16,378 | -€2,270 | -12.2% |
| Total equity and liabilities | 10/49 | €14,007,818 | €7,593,457 | -€6.4m | -45.8% |
| Equity | 10/15 | €6,800,261 | €3,375,955 | -€3.4m | -50.4% |
| Contributions | 10/11 | €6,947,750 | €6,947,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,489 | -€3,571,795 | -€3.4m | -2321.7% |
| Provisions and deferred taxes | 16 | - | €48,443 | +€48,443 | |
| Provisions for liabilities and charges | 160/5 | - | €48,443 | +€48,443 | |
| Taxes | 161 | - | €48,443 | +€48,443 | |
| Amounts payable | 17/49 | €7,207,557 | €4,169,059 | -€3.0m | -42.2% |
| Amounts payable after more than one year | 17 | €904,977 | - | -€904,977 | |
| Financial debts | 170/4 | €904,977 | - | -€904,977 | |
| Other loans | 174 | €904,977 | - | -€904,977 | |
| Amounts payable within one year | 42/48 | €6,279,617 | €4,168,825 | -€2.1m | -33.6% |
| Financial debts | 43 | €704,556 | - | -€704,556 | |
| Credit institutions | 430/8 | €704,556 | - | -€704,556 | |
| Trade debts | 44 | €5,415,876 | €4,038,246 | -€1.4m | -25.4% |
| Suppliers | 440/4 | €5,415,876 | €4,038,246 | -€1.4m | -25.4% |
| Advances received on contracts in progress | 46 | - | €18,896 | +€18,896 | |
| Taxes, remuneration and social security | 45 | €159,184 | €111,683 | -€47,501 | -29.8% |
| Taxes | 450/3 | €132,059 | €86,156 | -€45,903 | -34.8% |
| Remuneration and social security | 454/9 | €27,126 | €25,527 | -€1,598 | -5.9% |
| Accrued charges and deferred income | 492/3 | €22,963 | €233 | -€22,729 | -99.0% |
| Operating income | 70/76A | €41,043,066 | €22,538,487 | -€18.5m | -45.1% |
| Turnover | 70 | €41,041,950 | €22,537,456 | -€18.5m | -45.1% |
| Other operating income | 74 | €1,116 | €1,031 | -€84 | -7.6% |
| Operating charges | 60/66A | €43,488,490 | €25,789,867 | -€17.7m | -40.7% |
| Goods for resale, raw materials and consumables | 60 | €42,919,989 | €23,585,390 | -€19.3m | -45.0% |
| Purchases | 600/8 | €41,660,103 | €21,111,081 | -€20.5m | -49.3% |
| Change in stocks: decrease (increase) | 609 | €1,259,886 | €2,474,310 | +€1.2m | +96.4% |
| Services and other goods | 61 | €311,946 | €280,411 | -€31,535 | -10.1% |
| Remuneration, social security and pensions | 62 | €239,876 | €235,594 | -€4,281 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,618 | €12,557 | +€4,939 | +64.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,666,781 | +€1.7m | |
| Other operating charges | 640/8 | €9,061 | €9,134 | +€73 | +0.8% |
| Operating profit (loss) | 9901 | -€2,445,424 | -€3,251,380 | -€805,956 | -33.0% |
| Financial income | 75/76B | €6,134 | €6,605 | +€471 | +7.7% |
| Recurring financial income | 75 | €6,134 | €6,605 | +€471 | +7.7% |
| Other financial income | 752/9 | €6,134 | €6,605 | +€471 | +7.7% |
| Financial charges | 65/66B | €256,470 | €62,770 | -€193,699 | -75.5% |
| Recurring financial charges | 65 | €256,470 | €62,770 | -€193,699 | -75.5% |
| Debt charges | 650 | €200,330 | €24,062 | -€176,268 | -88.0% |
| Other financial charges | 652/9 | €56,140 | €38,708 | -€17,432 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,695,760 | -€3,307,545 | -€611,785 | -22.7% |
| Income taxes | 67/77 | €62,128 | €116,761 | +€54,633 | +87.9% |
| Taxes | 670/3 | €62,130 | €116,824 | +€54,694 | +88.0% |
| Tax adjustments and reversals of tax provisions | 77 | €3 | €63 | +€61 | +2242.2% |
| Profit (loss) for the period | 9904 | -€2,757,888 | -€3,424,306 | -€666,419 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,757,888 | -€3,424,306 | -€666,419 | -24.2% |
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 10 October 2026 via checked.be.