RAY DIAM: what changed
Two fiscal 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
RAY DIAM
NACE 46.861, Wholesale of diamonds and other precious stones
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€12.2m
2023 · -€6.4m-€5.8m
Equity
€6.2m
2023 · €18.4m-€12.2m
Cash
€2,399
2023 · €8,210-€5,811
Balance sheet total
€37.9m
2023 · €48.1m-€10.2m
Largest movements
Assets
- Stocks and contracts -€9.3m
down €9.3m (-61.5%), from €15.2m to €5.8m
- Receivables within one year -€827,011
down €827,011 (-2.5%), from €32.6m to €31.8m
of which Trade receivables: -€940,217
Equity and liabilities
- Profit (loss) carried forward -€12.2m
down €12.2m (-191.5%), from -€6.4m to -€18.5m
- Trade debts +€2.0m
up €2.0m (+6.9%), from €29.5m to €31.6m
Income statement
- Goods and materials -€16.6m
down €16.6m (-96.3%), from €17.2m to €633,663
of which Change in stocks: decrease (increase): -€8.5m
- Turnover -€10.7m
down €10.7m (-94.6%), from €11.3m to €615,889
- Write-downs +€9.6m
new in 2024: €9.6m
- Other operating charges +€2.4m
up €2.4m (+21052.4%), from €11,418 to €2.4m
- Services and other goods -€124,493
down €124,493 (-42.0%), from €296,197 to €171,704
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
-€6.4m
Turnover
-€10.7m
Goods and materials
+€16.6m
Services and other goods
+€124,493
Staff costs
+€86,250
Depreciation
+€1,719
Write-downs
-€9.6m
Other operating charges
-€2.4m
Other operating items
-€11,957
Financial income
+€62,240
Financial charges
-€14,104
Taxes
+€32,874
Result 2024
-€12.2m
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
-€5,811
Investment
€0
Financing
€0
Cash 2023
€8,210
From operations (derived)
-€5,811
Net result for the year
-€12.2m
Depreciation
+€12,068
Stocks and contracts
+€9.3m
Receivables within one year
+€827,011
Smaller working-capital items
-€402
Trade debts
+€2.0m
Tax, wage and social debts
-€42,886
Cash 2024
€2,399
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,094,100 | €37,907,250 | -€10.2m | -21.2% |
| Fixed assets | 21/28 | €316,509 | €304,442 | -€12,068 | -3.8% |
| Tangible fixed assets | 22/27 | €316,109 | €304,042 | -€12,068 | -3.8% |
| Land and buildings | 22 | €311,901 | €303,115 | -€8,786 | -2.8% |
| Plant, machinery and equipment | 23 | €4,205 | €923 | -€3,282 | -78.0% |
| Furniture and vehicles | 24 | €4 | €4 | = | 0.0% |
| 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 | €47,777,591 | €37,602,808 | -€10.2m | -21.3% |
| Stocks and contracts in progress | 3 | €15,183,772 | €5,841,966 | -€9.3m | -61.5% |
| Stocks | 30/36 | €15,183,772 | €5,841,966 | -€9.3m | -61.5% |
| Goods purchased for resale | 34 | €15,183,772 | €5,841,966 | -€9.3m | -61.5% |
| Amounts receivable within one year | 40/41 | €32,585,454 | €31,758,443 | -€827,011 | -2.5% |
| Trade receivables | 40 | €31,088,507 | €30,148,290 | -€940,217 | -3.0% |
| Other amounts receivable | 41 | €1,496,947 | €1,610,154 | +€113,207 | +7.6% |
| Cash at bank and in hand | 54/58 | €8,210 | €2,399 | -€5,811 | -70.8% |
| Deferred charges and accrued income | 490/1 | €154 | - | -€154 | |
| Total equity and liabilities | 10/49 | €48,094,100 | €37,907,250 | -€10.2m | -21.2% |
| Equity | 10/15 | €18,411,910 | €6,231,011 | -€12.2m | -66.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,755,307 | €24,755,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,753,447 | €24,753,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,361,996 | -€18,542,895 | -€12.2m | -191.5% |
| Amounts payable | 17/49 | €29,682,190 | €31,676,238 | +€2.0m | +6.7% |
| Amounts payable within one year | 42/48 | €29,681,633 | €31,676,238 | +€2.0m | +6.7% |
| Trade debts | 44 | €29,542,877 | €31,580,368 | +€2.0m | +6.9% |
| Suppliers | 440/4 | €29,542,877 | €31,580,368 | +€2.0m | +6.9% |
| Taxes, remuneration and social security | 45 | €138,756 | €95,870 | -€42,886 | -30.9% |
| Taxes | 450/3 | €98,410 | €60,557 | -€37,853 | -38.5% |
| Remuneration and social security | 454/9 | €40,347 | €35,313 | -€5,034 | -12.5% |
| Accrued charges and deferred income | 492/3 | €557 | - | -€557 | |
| Operating income | 70/76A | €11,350,192 | €622,510 | -€10.7m | -94.5% |
| Turnover | 70 | €11,331,613 | €615,889 | -€10.7m | -94.6% |
| Other operating income | 74 | €6,622 | €6,622 | = | 0.0% |
| Non-recurring operating income | 76A | €11,957 | - | -€11,957 | |
| Operating charges | 60/66A | €17,735,780 | €12,908,011 | -€4.8m | -27.2% |
| Goods for resale, raw materials and consumables | 60 | €17,246,218 | €633,663 | -€16.6m | -96.3% |
| Purchases | 600/8 | €8,094,387 | €17,774 | -€8.1m | -99.8% |
| Change in stocks: decrease (increase) | 609 | €9,151,832 | €615,889 | -€8.5m | -93.3% |
| Services and other goods | 61 | €296,197 | €171,704 | -€124,493 | -42.0% |
| Remuneration, social security and pensions | 62 | €168,159 | €81,909 | -€86,250 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,787 | €12,068 | -€1,719 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,593,432 | +€9.6m | |
| Other operating charges | 640/8 | €11,418 | €2,415,235 | +€2.4m | +21052.4% |
| Operating profit (loss) | 9901 | -€6,385,588 | -€12,285,501 | -€5.9m | -92.4% |
| Financial income | 75/76B | €74,094 | €136,334 | +€62,240 | +84.0% |
| Recurring financial income | 75 | €74,094 | €136,334 | +€62,240 | +84.0% |
| Other financial income | 752/9 | €74,094 | €136,334 | +€62,240 | +84.0% |
| Financial charges | 65/66B | €14,492 | €28,596 | +€14,104 | +97.3% |
| Recurring financial charges | 65 | €14,492 | €28,596 | +€14,104 | +97.3% |
| Debt charges | 650 | €5,467 | €172 | -€5,295 | -96.9% |
| Other financial charges | 652/9 | €9,024 | €28,424 | +€19,399 | +215.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,325,986 | -€12,177,763 | -€5.9m | -92.5% |
| Income taxes | 67/77 | €36,010 | €3,136 | -€32,874 | -91.3% |
| Taxes | 670/3 | €36,370 | €3,136 | -€33,234 | -91.4% |
| Tax adjustments and reversals of tax provisions | 77 | €360 | - | -€360 | |
| Profit (loss) for the period | 9904 | -€6,361,996 | -€12,180,899 | -€5.8m | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,361,996 | -€12,180,899 | -€5.8m | -91.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.