SAFANT: 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
SAFANT
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
€549,538
2022 · €1.0m-€453,112
Equity
€6.7m
2022 · €5.7m+€990,189
Cash
€699,262
2022 · €745,567-€46,305
Balance sheet total
€55.3m
2022 · €45.3m+€10.0m
Largest movements
Assets
- Receivables within one year +€13.6m
up €13.6m (+52.9%), from €25.8m to €39.4m
of which Trade receivables: +€13.9m
- Stocks and contracts -€3.6m
down €3.6m (-19.6%), from €18.6m to €15.0m
Equity and liabilities
- Trade debts +€25.9m
up €25.9m (+133%), from €19.5m to €45.3m
- Short-term financial debts -€16.7m
down €16.7m (-85.4%), from €19.6m to €2.9m
- Reserves +€988,936
up €988,936 (+17.5%), from €5.6m to €6.6m
of which Distributable reserves: +€990,796
Income statement
- Goods and materials -€15.6m
down €15.6m (-16.0%), from €97.3m to €81.7m
of which Purchases: -€95.9m
- Turnover -€15.0m
down €15.0m (-14.9%), from €100.5m to €85.5m
From the 2022 result to the 2023 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 2022
€1.0m
Turnover
-€15.0m
Other operating income
-€386,246
Goods and materials
+€15.6m
Services and other goods
-€640,889
Staff costs
-€26,476
Depreciation
-€1,315
Other operating charges
-€1,267
Financial income
-€971
Financial charges
+€96,380
Other financial items
+€263
Taxes
-€100,840
Result 2023
€549,538
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€16.3m
Investment
-€65,016
Financing
-€16.3m
Cash 2022
€745,567
From operations (derived)
+€16.3m
Net result for the year
+€549,538
Depreciation
+€13,320
Stocks and contracts
+€3.6m
Receivables within one year
-€13.6m
Smaller working-capital items
+€50,226
Trade debts
+€25.9m
Tax, wage and social debts
+€123,010
Accrued charges and deferred income
-€265,269
Investment (derived)
-€65,016
Investment in fixed assets (net)
-€65,016
Financing
-€16.3m
Current portion of long-term debt
-€2,000
Short-term financial debts
-€16.7m
Contributions, distributions and other
+€440,651
Cash 2023
€699,262
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,310,836 | €55,286,129 | +€10.0m | +22.0% |
| Fixed assets | 21/28 | €29,191 | €80,887 | +€51,696 | +177% |
| Tangible fixed assets | 22/27 | €29,191 | €80,887 | +€51,696 | +177% |
| Plant, machinery and equipment | 23 | €29,191 | €80,887 | +€51,696 | +177% |
| Current assets | 29/58 | €45,281,645 | €55,205,242 | +€9.9m | +21.9% |
| Stocks and contracts in progress | 3 | €18,631,539 | €14,987,891 | -€3.6m | -19.6% |
| Stocks | 30/36 | €18,631,539 | €14,987,891 | -€3.6m | -19.6% |
| Goods purchased for resale | 34 | €18,631,539 | €14,987,891 | -€3.6m | -19.6% |
| Amounts receivable within one year | 40/41 | €25,768,739 | €39,409,255 | +€13.6m | +52.9% |
| Trade receivables | 40 | €23,209,717 | €37,104,946 | +€13.9m | +59.9% |
| Other amounts receivable | 41 | €2,559,021 | €2,304,309 | -€254,712 | -10.0% |
| Cash at bank and in hand | 54/58 | €745,567 | €699,262 | -€46,305 | -6.2% |
| Deferred charges and accrued income | 490/1 | €135,800 | €108,834 | -€26,966 | -19.9% |
| Total equity and liabilities | 10/49 | €45,310,836 | €55,286,129 | +€10.0m | +22.0% |
| Equity | 10/15 | €5,663,097 | €6,653,286 | +€990,189 | +17.5% |
| Contributions | 10/11 | €18,600 | €19,853 | +€1,253 | +6.7% |
| Reserves | 13 | €5,644,497 | €6,633,433 | +€988,936 | +17.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €5,642,637 | €6,633,433 | +€990,796 | +17.6% |
| Amounts payable | 17/49 | €39,647,739 | €48,632,843 | +€9.0m | +22.7% |
| Amounts payable within one year | 42/48 | €39,305,133 | €48,555,506 | +€9.3m | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €2,000 | - | -€2,000 | |
| Financial debts | 43 | €19,618,986 | €2,872,014 | -€16.7m | -85.4% |
| Credit institutions | 430/8 | €19,618,986 | €2,872,014 | -€16.7m | -85.4% |
| Trade debts | 44 | €19,494,055 | €45,347,130 | +€25.9m | +133% |
| Suppliers | 440/4 | €19,494,055 | €45,347,130 | +€25.9m | +133% |
| Taxes, remuneration and social security | 45 | €190,092 | €313,102 | +€123,010 | +64.7% |
| Taxes | 450/3 | €173,996 | €288,483 | +€114,487 | +65.8% |
| Remuneration and social security | 454/9 | €16,097 | €24,619 | +€8,522 | +52.9% |
| Other amounts payable | 47/48 | - | €23,260 | +€23,260 | |
| Accrued charges and deferred income | 492/3 | €342,606 | €77,337 | -€265,269 | -77.4% |
| Operating income | 70/76A | €102,842,562 | €87,469,156 | -€15.4m | -14.9% |
| Turnover | 70 | €100,498,666 | €85,511,506 | -€15.0m | -14.9% |
| Other operating income | 74 | €2,343,896 | €1,957,650 | -€386,246 | -16.5% |
| Operating charges | 60/66A | €100,217,875 | €85,292,414 | -€14.9m | -14.9% |
| Goods for resale, raw materials and consumables | 60 | €97,284,576 | €81,689,168 | -€15.6m | -16.0% |
| Purchases | 600/8 | €95,920,378 | - | -€95.9m | |
| Change in stocks: decrease (increase) | 609 | €1,364,198 | €4,899,414 | +€3.5m | +259% |
| Services and other goods | 61 | €2,804,317 | €3,445,206 | +€640,889 | +22.9% |
| Remuneration, social security and pensions | 62 | €108,257 | €134,733 | +€26,476 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,005 | €13,320 | +€1,315 | +11.0% |
| Other operating charges | 640/8 | €8,720 | €9,987 | +€1,267 | +14.5% |
| Operating profit (loss) | 9901 | €2,624,688 | €2,176,742 | -€447,946 | -17.1% |
| Financial income | 75/76B | €971 | - | -€971 | |
| Recurring financial income | 75 | €971 | €263 | -€708 | -72.9% |
| Other financial income | 752/9 | €971 | €263 | -€708 | -72.9% |
| Financial charges | 65/66B | €1,538,122 | €1,441,742 | -€96,380 | -6.3% |
| Recurring financial charges | 65 | €1,538,122 | €1,441,742 | -€96,380 | -6.3% |
| Debt charges | 650 | €1,323,806 | €1,291,751 | -€32,055 | -2.4% |
| Other financial charges | 652/9 | €214,316 | €149,991 | -€64,325 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €1,087,536 | €735,263 | -€352,273 | -32.4% |
| Income taxes | 67/77 | €84,885 | €185,725 | +€100,840 | +119% |
| Taxes | 670/3 | €84,885 | €185,725 | +€100,840 | +119% |
| Profit (loss) for the period | 9904 | €1,002,650 | €549,538 | -€453,112 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,002,650 | €549,538 | -€453,112 | -45.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.