SHAILEY GEMS: 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.
SHAILEY GEMS
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-64.6%), from €2.3m to €823,152
- Receivables within one year +€93,344
up €93,344 (+15.1%), from €616,280 to €709,624
of which Trade receivables: +€96,043
- Trade debts -€1.4m
down €1.4m (-52.2%), from €2.7m to €1.3m
- Gross operating margin -€65,732
down €65,732 (-82.9%), from €79,317 to €13,585
- Financial charges -€1,285
down €1,285 (-35.2%), from €3,654 to €2,369
- Other operating charges +€974
up €974 (+68.3%), from €1,425 to €2,399
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.
Cash bridge derived
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 | €2,973,980 | €1,587,497 | -€1.4m | -46.6% |
| Fixed assets | 21/28 | €15,510 | €10,310 | -€5,200 | -33.5% |
| Tangible fixed assets | 22/27 | €15,510 | €10,310 | -€5,200 | -33.5% |
| Furniture and vehicles | 24 | €45 | €0 | -€45 | -100.0% |
| Leasing and similar rights | 25 | €15,465 | €10,310 | -€5,155 | -33.3% |
| Current assets | 29/58 | €2,958,470 | €1,577,187 | -€1.4m | -46.7% |
| Stocks and contracts in progress | 3 | €2,322,085 | €823,152 | -€1.5m | -64.6% |
| Stocks | 30/36 | €2,322,085 | €823,152 | -€1.5m | -64.6% |
| Amounts receivable within one year | 40/41 | €616,280 | €709,624 | +€93,344 | +15.1% |
| Trade receivables | 40 | €577,423 | €673,466 | +€96,043 | +16.6% |
| Other amounts receivable | 41 | €38,857 | €36,158 | -€2,699 | -6.9% |
| Cash at bank and in hand | 54/58 | €20,104 | €43,833 | +€23,729 | +118.0% |
| Deferred charges and accrued income | 490/1 | - | €578 | +€578 | |
| Total equity and liabilities | 10/49 | €2,973,980 | €1,587,497 | -€1.4m | -46.6% |
| Equity | 10/15 | €303,331 | €304,652 | +€1,321 | +0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281,331 | €282,652 | +€1,321 | +0.5% |
| Amounts payable | 17/49 | €2,670,649 | €1,282,845 | -€1.4m | -52.0% |
| Amounts payable after more than one year | 17 | €5,223 | - | -€5,223 | |
| Financial debts | 170/4 | €5,223 | - | -€5,223 | |
| Amounts payable within one year | 42/48 | €2,665,426 | €1,282,845 | -€1.4m | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €5,034 | €5,215 | +€181 | +3.6% |
| Trade debts | 44 | €2,659,892 | €1,271,726 | -€1.4m | -52.2% |
| Suppliers | 440/4 | €2,659,892 | €1,271,726 | -€1.4m | -52.2% |
| Taxes, remuneration and social security | 45 | €500 | €5,904 | +€5,404 | +1080.7% |
| Taxes | 450/3 | €500 | €5,904 | +€5,404 | +1080.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,549 | €5,200 | -€348 | -6.3% |
| Other operating charges | 640/8 | €1,425 | €2,399 | +€974 | +68.3% |
| Gross operating margin | 9900 | €79,317 | €13,585 | -€65,732 | -82.9% |
| Operating profit (loss) | 9901 | €72,343 | €5,986 | -€66,357 | -91.7% |
| Financial income | 75/76B | €2,376 | €2,095 | -€280 | -11.8% |
| Recurring financial income | 75 | €2,376 | €2,095 | -€280 | -11.8% |
| Financial charges | 65/66B | €3,654 | €2,369 | -€1,285 | -35.2% |
| Recurring financial charges | 65 | €3,654 | €2,369 | -€1,285 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €71,065 | €5,713 | -€65,352 | -92.0% |
| Income taxes | 67/77 | €4,738 | €4,392 | -€346 | -7.3% |
| Profit (loss) for the period | 9904 | €66,327 | €1,321 | -€65,006 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,327 | €1,321 | -€65,006 | -98.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.