SHAMAS: 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
SHAMAS
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6,645
2024 · €59,725-€53,080
Equity
€245,540
2024 · €238,895+€6,645
Cash
€7,666
2024 · €7,297+€369
Balance sheet total
€950,216
2024 · €986,619-€36,403
Largest movements
Assets
- Stocks and contracts -€45,209
down €45,209 (-7.8%), from €577,124 to €531,915
- Receivables within one year +€17,271
up €17,271 (+4.5%), from €383,343 to €400,614
of which Trade receivables: +€16,292
Equity and liabilities
- Trade debts -€59,861
down €59,861 (-8.6%), from €699,412 to €639,551
- Other debts +€20,028
up €20,028 (+68.4%), from €29,262 to €49,291
Income statement
- Gross operating margin -€71,180
down €71,180 (-82.5%), from €86,325 to €15,145
- Write-downs -€16,539
no longer reported in 2025 (was €16,539)
- Other operating charges +€1,994
up €1,994 (+479%), from €416 to €2,410
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
€59,725
Gross operating margin
-€71,180
Staff costs
-€203
Depreciation
+€148
Write-downs
+€16,539
Other operating charges
-€1,994
Other operating items
+€3,953
Financial income
-€860
Financial charges
+€792
Taxes
-€274
Result 2025
€6,645
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
+€369
Investment
€0
Financing
€0
Cash 2024
€7,297
From operations (derived)
+€369
Net result for the year
+€6,645
Depreciation
+€710
Stocks and contracts
+€45,209
Receivables within one year
-€17,271
Deferred charges and accrued income
+€8,125
Trade debts
-€59,861
Tax, wage and social debts
-€3,215
Other debts
+€20,028
Cash 2025
€7,666
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €986,619 | €950,216 | -€36,403 | -3.7% |
| Fixed assets | 21/28 | €6,342 | €5,632 | -€710 | -11.2% |
| Tangible fixed assets | 22/27 | €710 | €0 | -€710 | -100.0% |
| Plant, machinery and equipment | 23 | €710 | - | -€710 | |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €5,632 | €5,632 | = | 0.0% |
| Current assets | 29/58 | €980,277 | €944,584 | -€35,693 | -3.6% |
| Stocks and contracts in progress | 3 | €577,124 | €531,915 | -€45,209 | -7.8% |
| Stocks | 30/36 | €577,124 | €531,915 | -€45,209 | -7.8% |
| Amounts receivable within one year | 40/41 | €383,343 | €400,614 | +€17,271 | +4.5% |
| Trade receivables | 40 | €383,185 | €399,477 | +€16,292 | +4.3% |
| Other amounts receivable | 41 | €158 | €1,138 | +€980 | +620% |
| Cash at bank and in hand | 54/58 | €7,297 | €7,666 | +€369 | +5.1% |
| Deferred charges and accrued income | 490/1 | €12,513 | €4,389 | -€8,125 | -64.9% |
| Total equity and liabilities | 10/49 | €986,619 | €950,216 | -€36,403 | -3.7% |
| Equity | 10/15 | €238,895 | €245,540 | +€6,645 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €329,573 | €329,573 | = | 0.0% |
| Distributable reserves | 133 | €329,573 | €329,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,277 | -€102,633 | +€6,645 | +6.1% |
| Amounts payable | 17/49 | €747,724 | €704,676 | -€43,048 | -5.8% |
| Amounts payable within one year | 42/48 | €747,724 | €704,676 | -€43,048 | -5.8% |
| Trade debts | 44 | €699,412 | €639,551 | -€59,861 | -8.6% |
| Suppliers | 440/4 | €699,412 | €639,551 | -€59,861 | -8.6% |
| Taxes, remuneration and social security | 45 | €19,049 | €15,834 | -€3,215 | -16.9% |
| Taxes | 450/3 | €8,338 | €5,298 | -€3,040 | -36.5% |
| Remuneration and social security | 454/9 | €10,711 | €10,536 | -€175 | -1.6% |
| Other amounts payable | 47/48 | €29,262 | €49,291 | +€20,028 | +68.4% |
| Remuneration, social security and pensions | 62 | €85 | €288 | +€203 | +238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €857 | €710 | -€148 | -17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,539 | - | -€16,539 | |
| Other operating charges | 640/8 | €416 | €2,410 | +€1,994 | +479% |
| Non-recurring operating charges | 66A | €3,953 | - | -€3,953 | |
| Gross operating margin | 9900 | €86,325 | €15,145 | -€71,180 | -82.5% |
| Operating profit (loss) | 9901 | €64,474 | €11,737 | -€52,737 | -81.8% |
| Financial income | 75/76B | €1,169 | €309 | -€860 | -73.6% |
| Recurring financial income | 75 | €515 | €309 | -€206 | -40.0% |
| Non-recurring financial income | 76B | €654 | - | -€654 | |
| Financial charges | 65/66B | €4,178 | €3,386 | -€792 | -18.9% |
| Recurring financial charges | 65 | €4,178 | €3,386 | -€792 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €61,465 | €8,659 | -€52,806 | -85.9% |
| Income taxes | 67/77 | €1,740 | €2,014 | +€274 | +15.8% |
| Profit (loss) for the period | 9904 | €59,725 | €6,645 | -€53,080 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,725 | €6,645 | -€53,080 | -88.9% |
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 18 October 2026 via checked.be.