POLIGEM EUROPE: 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
POLIGEM EUROPE
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22,581
2024 · €182,153-€159,572
Equity
€973,953
2024 · €951,373+€22,581
Cash
€132,921
2024 · €174,128-€41,207
Balance sheet total
€6.3m
2024 · €4.8m+€1.5m
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+72.2%), from €1.9m to €3.2m
of which Trade receivables: +€1.3m
- Stocks and contracts +€228,526
up €228,526 (+8.2%), from €2.8m to €3.0m
Equity and liabilities
- Trade debts +€1.5m
up €1.5m (+39.6%), from €3.8m to €5.3m
Income statement
- Gross operating margin -€229,340
down €229,340 (-96.1%), from €238,766 to €9,426
- Financial income +€71,174
up €71,174 (+6,444%), from €1,105 to €72,278
- Taxes +€2,956
up €2,956 (+17.0%), from €17,340 to €20,296
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
€182,153
Gross operating margin
-€229,340
Staff costs
+€1,268
Depreciation
-€242
Other operating charges
-€34
Financial income
+€71,174
Financial charges
+€557
Taxes
-€2,956
Result 2025
€22,581
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
-€38,938
Investment
-€2,269
Financing
€0
Cash 2024
€174,128
From operations (derived)
-€38,938
Net result for the year
+€22,581
Depreciation
+€1,907
Stocks and contracts
-€228,526
Receivables within one year
-€1.3m
Smaller working-capital items
+€443
Trade debts
+€1.5m
Tax, wage and social debts
-€4,501
Investment (derived)
-€2,269
Investment in fixed assets (net)
-€2,269
Cash 2025
€132,921
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,812,527 | €6,343,215 | +€1.5m | +31.8% |
| Fixed assets | 21/28 | €6,133 | €6,495 | +€363 | +5.9% |
| Tangible fixed assets | 22/27 | €3,885 | €4,247 | +€363 | +9.3% |
| Plant, machinery and equipment | 23 | €3,885 | €3,243 | -€642 | -16.5% |
| Furniture and vehicles | 24 | - | €1,004 | +€1,004 | |
| Financial fixed assets | 28 | €2,248 | €2,248 | = | 0.0% |
| Current assets | 29/58 | €4,806,395 | €6,336,719 | +€1.5m | +31.8% |
| Stocks and contracts in progress | 3 | €2,770,238 | €2,998,763 | +€228,526 | +8.2% |
| Stocks | 30/36 | €2,770,238 | €2,998,763 | +€228,526 | +8.2% |
| Amounts receivable within one year | 40/41 | €1,861,483 | €3,204,829 | +€1.3m | +72.2% |
| Trade receivables | 40 | €1,857,632 | €3,204,342 | +€1.3m | +72.5% |
| Other amounts receivable | 41 | €3,851 | €486 | -€3,365 | -87.4% |
| Cash at bank and in hand | 54/58 | €174,128 | €132,921 | -€41,207 | -23.7% |
| Deferred charges and accrued income | 490/1 | €545 | €206 | -€339 | -62.2% |
| Total equity and liabilities | 10/49 | €4,812,527 | €6,343,215 | +€1.5m | +31.8% |
| Equity | 10/15 | €951,373 | €973,953 | +€22,581 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €932,773 | €955,353 | +€22,581 | +2.4% |
| Distributable reserves | 133 | €932,773 | €955,353 | +€22,581 | +2.4% |
| Amounts payable | 17/49 | €3,861,155 | €5,369,261 | +€1.5m | +39.1% |
| Amounts payable within one year | 42/48 | €3,861,155 | €5,369,261 | +€1.5m | +39.1% |
| Trade debts | 44 | €3,814,749 | €5,327,253 | +€1.5m | +39.6% |
| Suppliers | 440/4 | €3,814,749 | €5,327,253 | +€1.5m | +39.6% |
| Taxes, remuneration and social security | 45 | €24,800 | €20,299 | -€4,501 | -18.2% |
| Taxes | 450/3 | €19,331 | €20,299 | +€968 | +5.0% |
| Remuneration and social security | 454/9 | €5,470 | - | -€5,470 | |
| Other amounts payable | 47/48 | €21,606 | €21,709 | +€104 | +0.5% |
| Remuneration, social security and pensions | 62 | €28,483 | €27,215 | -€1,268 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,665 | €1,907 | +€242 | +14.5% |
| Other operating charges | 640/8 | €1,305 | €1,339 | +€34 | +2.6% |
| Gross operating margin | 9900 | €238,766 | €9,426 | -€229,340 | -96.1% |
| Operating profit (loss) | 9901 | €207,313 | -€21,035 | -€228,347 | |
| Financial income | 75/76B | €1,105 | €72,278 | +€71,174 | +6,444% |
| Recurring financial income | 75 | €1,105 | €72,278 | +€71,174 | +6,444% |
| Financial charges | 65/66B | €8,924 | €8,367 | -€557 | -6.2% |
| Recurring financial charges | 65 | €8,924 | €8,367 | -€557 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €199,493 | €42,877 | -€156,616 | -78.5% |
| Income taxes | 67/77 | €17,340 | €20,296 | +€2,956 | +17.0% |
| Profit (loss) for the period | 9904 | €182,153 | €22,581 | -€159,572 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €182,153 | €22,581 | -€159,572 | -87.6% |
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 31 October 2026 via checked.be.