SAACHI GEMS: 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.
SAACHI GEMS
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-51.7%), from €2.2m to €1.1m
of which Trade receivables: -€1.1m
- Stocks and contracts -€782,099
down €782,099 (-56.7%), from €1.4m to €597,999
- Cash +€175,416
up €175,416 (+72.7%), from €241,410 to €416,826
mainly Receivables within one year (+€1.1m) and Stocks and contracts (+€782,099)
- Trade debts -€1.7m
down €1.7m (-75.7%), from €2.2m to €539,281
- Reserves -€61,920
down €61,920 (-8.6%), from €720,890 to €658,970
- Write-downs +€33,775
new in 2025: €33,775
- Gross operating margin +€5,927
up €5,927 (+57.5%), from -€10,314 to -€4,387
- Financial income -€5,761
down €5,761 (-56.0%), from €10,291 to €4,531
- Financial charges -€1,317
down €1,317 (-8.3%), from €15,883 to €14,566
- Other operating charges -€105
down €105 (-5.7%), from €1,829 to €1,724
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 | €3,841,690 | €2,089,133 | -€1.8m | -45.6% |
| Fixed assets | 21/28 | €3,530 | €3,530 | = | 0.0% |
| Financial fixed assets | 28 | €3,530 | €3,530 | = | 0.0% |
| Current assets | 29/58 | €3,838,160 | €2,085,603 | -€1.8m | -45.7% |
| Stocks and contracts in progress | 3 | €1,380,098 | €597,999 | -€782,099 | -56.7% |
| Stocks | 30/36 | €1,380,098 | €597,999 | -€782,099 | -56.7% |
| Amounts receivable within one year | 40/41 | €2,216,652 | €1,070,778 | -€1.1m | -51.7% |
| Trade receivables | 40 | €2,215,104 | €1,070,778 | -€1.1m | -51.7% |
| Other amounts receivable | 41 | €1,548 | - | -€1,548 | |
| Cash at bank and in hand | 54/58 | €241,410 | €416,826 | +€175,416 | +72.7% |
| Total equity and liabilities | 10/49 | €3,841,690 | €2,089,133 | -€1.8m | -45.6% |
| Equity | 10/15 | €740,890 | €678,970 | -€61,920 | -8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €720,890 | €658,970 | -€61,920 | -8.6% |
| Distributable reserves | 133 | €720,890 | €658,970 | -€61,920 | -8.6% |
| Amounts payable | 17/49 | €3,100,799 | €1,410,163 | -€1.7m | -54.5% |
| Amounts payable within one year | 42/48 | €3,100,799 | €1,410,163 | -€1.7m | -54.5% |
| Trade debts | 44 | €2,219,103 | €539,281 | -€1.7m | -75.7% |
| Suppliers | 440/4 | €2,219,103 | €539,281 | -€1.7m | -75.7% |
| Taxes, remuneration and social security | 45 | €4,528 | €8,011 | +€3,483 | +76.9% |
| Taxes | 450/3 | €4,528 | €8,011 | +€3,483 | +76.9% |
| Other amounts payable | 47/48 | €877,169 | €862,871 | -€14,297 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,775 | +€33,775 | |
| Other operating charges | 640/8 | €1,829 | €1,724 | -€105 | -5.7% |
| Gross operating margin | 9900 | -€10,314 | -€4,387 | +€5,927 | +57.5% |
| Operating profit (loss) | 9901 | -€12,143 | -€39,887 | -€27,744 | -228% |
| Financial income | 75/76B | €10,291 | €4,531 | -€5,761 | -56.0% |
| Recurring financial income | 75 | €10,291 | €4,531 | -€5,761 | -56.0% |
| Financial charges | 65/66B | €15,883 | €14,566 | -€1,317 | -8.3% |
| Recurring financial charges | 65 | €15,883 | €14,566 | -€1,317 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,734 | -€49,922 | -€32,188 | -182% |
| Income taxes | 67/77 | €12,025 | €11,999 | -€27 | -0.2% |
| Profit (loss) for the period | 9904 | -€29,760 | -€61,920 | -€32,161 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,760 | -€61,920 | -€32,161 | -108% |
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.