PUSHPAM: 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
PUSHPAM
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€408,593
2024 · €881,788-€1.3m
Equity
€2.7m
2024 · €3.1m-€408,593
Cash
€188,066
2024 · €549,805-€361,739
Balance sheet total
€8.1m
2024 · €9.8m-€1.7m
Largest movements
Assets
- Stocks and contracts -€1.7m
down €1.7m (-37.1%), from €4.6m to €2.9m
- Receivables within one year +€373,487
up €373,487 (+8.5%), from €4.4m to €4.8m
of which Trade receivables: +€379,069
- Cash -€361,739
down €361,739 (-65.8%), from €549,805 to €188,066
mainly Trade debts (-€1.2m) and Net result for the year (-€408,593)
Equity and liabilities
- Trade debts -€1.2m
down €1.2m (-18.3%), from €6.5m to €5.4m
- Reserves -€408,593
down €408,593 (-13.2%), from €3.1m to €2.7m
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
Income statement
- Goods and materials +€2.3m
up €2.3m (+11.2%), from €20.2m to €22.4m
of which Change in stocks: decrease (increase): +€3.5m
- Turnover +€988,964
up €988,964 (+4.6%), from €21.6m to €22.6m
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
€881,788
Turnover
+€988,964
Goods and materials
-€2.3m
Services and other goods
-€3,782
Staff costs
-€8,662
Depreciation
+€784
Write-downs
+€93,403
Other operating charges
-€89,225
Other operating items
-€3,054
Financial income
-€346
Financial charges
-€4,096
Taxes
-€1,920
Result 2025
-€408,593
raises the resultlowers the resultnot broken down further in the accounts
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
-€363,097
Investment
+€1,359
Financing
€0
Cash 2024
€549,805
From operations (derived)
-€363,097
Net result for the year
-€408,593
Depreciation
+€22,202
Stocks and contracts
+€1.7m
Receivables within one year
-€373,487
Smaller working-capital items
-€4,038
Trade debts
-€1.2m
Other debts
-€100,000
Investment (derived)
+€1,359
Investment in fixed assets (net)
+€1,359
Cash 2025
€188,066
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,774,447 | €8,067,185 | -€1.7m | -17.5% |
| Fixed assets | 21/28 | €245,842 | €222,282 | -€23,560 | -9.6% |
| Intangible fixed assets | 21 | €3,054 | - | -€3,054 | |
| Tangible fixed assets | 22/27 | €242,789 | €222,282 | -€20,507 | -8.4% |
| Land and buildings | 22 | €190,047 | €185,064 | -€4,982 | -2.6% |
| Plant, machinery and equipment | 23 | €17,337 | €14,526 | -€2,811 | -16.2% |
| Furniture and vehicles | 24 | €35,405 | €22,691 | -€12,714 | -35.9% |
| Current assets | 29/58 | €9,528,604 | €7,844,902 | -€1.7m | -17.7% |
| Stocks and contracts in progress | 3 | €4,575,723 | €2,879,923 | -€1.7m | -37.1% |
| Stocks | 30/36 | €4,575,723 | €2,879,923 | -€1.7m | -37.1% |
| Goods purchased for resale | 34 | €4,575,723 | €2,879,923 | -€1.7m | -37.1% |
| Amounts receivable within one year | 40/41 | €4,392,244 | €4,765,732 | +€373,487 | +8.5% |
| Trade receivables | 40 | €4,380,650 | €4,759,719 | +€379,069 | +8.7% |
| Other amounts receivable | 41 | €11,594 | €6,012 | -€5,582 | -48.1% |
| Cash at bank and in hand | 54/58 | €549,805 | €188,066 | -€361,739 | -65.8% |
| Deferred charges and accrued income | 490/1 | €10,832 | €11,182 | +€350 | +3.2% |
| Total equity and liabilities | 10/49 | €9,774,447 | €8,067,185 | -€1.7m | -17.5% |
| Equity | 10/15 | €3,108,770 | €2,700,177 | -€408,593 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,090,170 | €2,681,577 | -€408,593 | -13.2% |
| Distributable reserves | 133 | €3,090,170 | €2,681,577 | -€408,593 | -13.2% |
| Amounts payable | 17/49 | €6,665,677 | €5,367,008 | -€1.3m | -19.5% |
| Amounts payable within one year | 42/48 | €6,665,322 | €5,366,582 | -€1.3m | -19.5% |
| Trade debts | 44 | €6,546,011 | €5,351,030 | -€1.2m | -18.3% |
| Suppliers | 440/4 | €6,546,011 | €5,351,030 | -€1.2m | -18.3% |
| Taxes, remuneration and social security | 45 | €19,311 | €15,552 | -€3,759 | -19.5% |
| Taxes | 450/3 | €6,794 | €562 | -€6,231 | -91.7% |
| Remuneration and social security | 454/9 | €12,518 | €14,990 | +€2,472 | +19.8% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Accrued charges and deferred income | 492/3 | €355 | €426 | +€71 | +20.1% |
| Operating income | 70/76A | €21,593,932 | €22,582,896 | +€988,964 | +4.6% |
| Turnover | 70 | €21,593,684 | €22,582,649 | +€988,964 | +4.6% |
| Other operating income | 74 | €248 | €248 | = | 0.0% |
| Operating charges | 60/66A | €20,650,303 | €22,923,286 | +€2.3m | +11.0% |
| Goods for resale, raw materials and consumables | 60 | €20,171,728 | €22,434,175 | +€2.3m | +11.2% |
| Purchases | 600/8 | €21,943,223 | €20,738,375 | -€1.2m | -5.5% |
| Change in stocks: decrease (increase) | 609 | -€1,771,495 | €1,695,800 | +€3.5m | |
| Services and other goods | 61 | €381,008 | €384,790 | +€3,782 | +1.0% |
| Remuneration, social security and pensions | 62 | €64,507 | €73,169 | +€8,662 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,985 | €22,202 | -€784 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€93,403 | -€93,403 | |
| Other operating charges | 640/8 | €10,075 | €99,300 | +€89,225 | +886% |
| Non-recurring operating charges | 66A | - | €3,054 | +€3,054 | |
| Operating profit (loss) | 9901 | €943,629 | -€340,390 | -€1.3m | |
| Financial income | 75/76B | €351 | €5 | -€346 | -98.6% |
| Recurring financial income | 75 | €351 | €5 | -€346 | -98.6% |
| Other financial income | 752/9 | €351 | €5 | -€346 | -98.6% |
| Financial charges | 65/66B | €24,178 | €28,274 | +€4,096 | +16.9% |
| Recurring financial charges | 65 | €24,178 | €28,274 | +€4,096 | +16.9% |
| Other financial charges | 652/9 | €24,178 | €28,274 | +€4,096 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €919,802 | -€368,659 | -€1.3m | |
| Income taxes | 67/77 | €38,014 | €39,934 | +€1,920 | +5.1% |
| Taxes | 670/3 | €38,014 | €39,934 | +€1,920 | +5.1% |
| Profit (loss) for the period | 9904 | €881,788 | -€408,593 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €881,788 | -€408,593 | -€1.3m |
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 26 October 2026 via checked.be.