OTHELLO 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.
OTHELLO DIAMONDS
Largest movements
- Stocks and contracts -€247,228
down €247,228 (-85.1%), from €290,473 to €43,245
- Receivables within one year +€154,366
up €154,366 (+16,114%), from €958 to €155,324
of which Trade receivables: +€153,879
- Cash -€10,840
down €10,840 (-5.2%), from €207,688 to €196,848
mainly Receivables within one year (-€154,366) and Net result for the year (-€113,853)
- Reserves -€113,853
down €113,853 (-45.7%), from €249,271 to €135,418
of which Distributable reserves: -€113,853
- Current portion of long-term debt +€83,010
new in 2025: €83,010
- Other debts -€49,612
down €49,612 (-32.6%), from €152,203 to €102,591
- Trade debts -€34,376
down €34,376 (-53.9%), from €63,795 to €29,418
- Gross operating margin -€92,660
down €92,660, from €16,121 to -€76,539
- Financial charges +€35,180
up €35,180 (+211%), from €16,709 to €51,889
- Financial income +€14,775
up €14,775 (+69.1%), from €21,379 to €36,154
- Taxes +€4,650
up €4,650 (+325%), from €1,429 to €6,079
- Staff costs -€3,303
down €3,303 (-42.1%), from €7,844 to €4,540
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €531,406 | €418,998 | -€112,408 | -21.2% |
| Fixed assets | 21/28 | €24,696 | €20,488 | -€4,208 | -17.0% |
| Tangible fixed assets | 22/27 | €24,275 | €20,067 | -€4,208 | -17.3% |
| Land and buildings | 22 | €12,657 | €11,558 | -€1,099 | -8.7% |
| Furniture and vehicles | 24 | €11,618 | €8,509 | -€3,109 | -26.8% |
| Financial fixed assets | 28 | €421 | €421 | = | 0.0% |
| Current assets | 29/58 | €506,709 | €398,510 | -€108,200 | -21.4% |
| Stocks and contracts in progress | 3 | €290,473 | €43,245 | -€247,228 | -85.1% |
| Stocks | 30/36 | €290,473 | €43,245 | -€247,228 | -85.1% |
| Amounts receivable within one year | 40/41 | €958 | €155,324 | +€154,366 | +16,114% |
| Trade receivables | 40 | - | €153,879 | +€153,879 | |
| Other amounts receivable | 41 | €958 | €1,445 | +€487 | +50.9% |
| Cash at bank and in hand | 54/58 | €207,688 | €196,848 | -€10,840 | -5.2% |
| Deferred charges and accrued income | 490/1 | €7,591 | €3,092 | -€4,498 | -59.3% |
| Total equity and liabilities | 10/49 | €531,406 | €418,998 | -€112,408 | -21.2% |
| Equity | 10/15 | €311,271 | €197,418 | -€113,853 | -36.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €249,271 | €135,418 | -€113,853 | -45.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,330 | €40,330 | = | 0.0% |
| Distributable reserves | 133 | €202,741 | €88,888 | -€113,853 | -56.2% |
| Amounts payable | 17/49 | €220,134 | €221,580 | +€1,445 | +0.7% |
| Amounts payable within one year | 42/48 | €220,134 | €221,580 | +€1,445 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €83,010 | +€83,010 | |
| Trade debts | 44 | €63,795 | €29,418 | -€34,376 | -53.9% |
| Suppliers | 440/4 | €63,795 | €29,418 | -€34,376 | -53.9% |
| Taxes, remuneration and social security | 45 | €4,137 | €6,561 | +€2,423 | +58.6% |
| Taxes | 450/3 | €4,137 | €6,387 | +€2,250 | +54.4% |
| Remuneration and social security | 454/9 | - | €173 | +€173 | |
| Other amounts payable | 47/48 | €152,203 | €102,591 | -€49,612 | -32.6% |
| Remuneration, social security and pensions | 62 | €7,844 | €4,540 | -€3,303 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,746 | €5,886 | +€140 | +2.4% |
| Other operating charges | 640/8 | €4,926 | €5,073 | +€147 | +3.0% |
| Gross operating margin | 9900 | €16,121 | -€76,539 | -€92,660 | |
| Operating profit (loss) | 9901 | -€2,396 | -€92,038 | -€89,643 | -3,742% |
| Financial income | 75/76B | €21,379 | €36,154 | +€14,775 | +69.1% |
| Recurring financial income | 75 | €21,379 | €36,154 | +€14,775 | +69.1% |
| Financial charges | 65/66B | €16,709 | €51,889 | +€35,180 | +211% |
| Recurring financial charges | 65 | €16,709 | €51,889 | +€35,180 | +211% |
| Profit (loss) for the period before taxes | 9903 | €2,275 | -€107,774 | -€110,049 | |
| Income taxes | 67/77 | €1,429 | €6,079 | +€4,650 | +325% |
| Profit (loss) for the period | 9904 | €846 | -€113,853 | -€114,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €846 | -€113,853 | -€114,699 |
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 13 October 2026 via checked.be.