SHAPIRO GEMS: what changed
What changed
SHAPIRO GEMS
NACE 46.861, Wholesale of diamonds and other precious stones
filed annual accounts (NBB)
Net result for the year
€44,645
2024 · -€18,863+€63,508
Equity
€831,253
2024 · €786,608+€44,645
Cash
€104,216
2024 · €144,208-€39,992
Balance sheet total
€12.6m
2024 · €9.3m+€3.3m
Largest movements
Assets
- Stocks and contracts +€3.8m
up €3.8m (+68.2%), from €5.6m to €9.4m
- Receivables within one year -€436,830
down €436,830 (-12.7%), from €3.4m to €3.0m
of which Trade receivables: -€436,830
Equity and liabilities
- Trade debts +€3.5m
up €3.5m (+50.8%), from €6.8m to €10.3m
- Debts after one year -€156,527
down €156,527 (-11.0%), from €1.4m to €1.3m
Income statement
- Goods and materials +€2.4m
up €2.4m (+46.4%), from €5.1m to €7.5m
of which Purchases: +€4.8m
- Turnover +€2.0m
up €2.0m (+33.6%), from €6.0m to €8.1m
- Services and other goods -€166,335
down €166,335 (-21.4%), from €776,943 to €610,608
- Financial income +€120,483
up €120,483 (+133%), from €90,924 to €211,407
of which Non-recurring financial income: +€122,399
- Financial charges -€102,402
down €102,402 (-87.1%), from €117,547 to €15,145
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€18,863
Turnover
+€2.0m
Goods and materials
-€2.4m
Services and other goods
+€166,335
Staff costs
-€2,179
Depreciation
+€13,886
Other operating charges
-€688
Financial income
+€120,483
Financial charges
+€102,402
Taxes
+€6,754
Result 2025
€44,645
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€117,864
Investment
-€1,328
Financing
-€156,527
Cash 2024
€144,208
From operations (derived)
+€117,864
Net result for the year
+€44,645
Depreciation
+€18,363
Stocks and contracts
-€3.8m
Receivables within one year
+€436,830
Smaller working-capital items
+€2,592
Trade debts
+€3.5m
Other debts
-€26,217
Investment (derived)
-€1,328
Investment in fixed assets (net)
-€1,328
Financing
-€156,527
Debts after one year
-€156,527
Cash 2025
€104,216
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,252,447 | €12,580,190 | +€3.3m | +36.0% |
| Fixed assets | 21/28 | €62,555 | €45,520 | -€17,035 | -27.2% |
| Tangible fixed assets | 22/27 | €57,518 | €40,462 | -€17,056 | -29.7% |
| Plant, machinery and equipment | 23 | €57,518 | €40,462 | -€17,056 | -29.7% |
| Financial fixed assets | 28 | €5,037 | €5,058 | +€21 | +0.4% |
| Other financial fixed assets | 284/8 | €5,037 | €5,058 | +€21 | +0.4% |
| Amounts receivable and cash guarantees | 285/8 | €5,037 | €5,058 | +€21 | +0.4% |
| Current assets | 29/58 | €9,189,892 | €12,534,670 | +€3.3m | +36.4% |
| Stocks and contracts in progress | 3 | €5,597,519 | €9,417,490 | +€3.8m | +68.2% |
| Stocks | 30/36 | €5,597,519 | €9,417,490 | +€3.8m | +68.2% |
| Goods purchased for resale | 34 | €5,597,519 | €9,417,490 | +€3.8m | +68.2% |
| Amounts receivable within one year | 40/41 | €3,448,166 | €3,011,335 | -€436,830 | -12.7% |
| Trade receivables | 40 | €3,003,787 | €2,566,957 | -€436,830 | -14.5% |
| Other amounts receivable | 41 | €444,378 | €444,378 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €144,208 | €104,216 | -€39,992 | -27.7% |
| Deferred charges and accrued income | 490/1 | - | €1,628 | +€1,628 | |
| Total equity and liabilities | 10/49 | €9,252,447 | €12,580,190 | +€3.3m | +36.0% |
| Equity | 10/15 | €786,608 | €831,253 | +€44,645 | +5.7% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Capital | 10 | €520,000 | €520,000 | = | 0.0% |
| Issued capital | 100 | €520,000 | €520,000 | = | 0.0% |
| Reserves | 13 | €78,529 | €78,529 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,000 | €52,000 | = | 0.0% |
| Legal reserve | 130 | €52,000 | €52,000 | = | 0.0% |
| Distributable reserves | 133 | €26,529 | €26,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,080 | €232,724 | +€44,645 | +23.7% |
| Amounts payable | 17/49 | €8,465,839 | €11,748,937 | +€3.3m | +38.8% |
| Amounts payable after more than one year | 17 | €1,429,116 | €1,272,588 | -€156,527 | -11.0% |
| Financial debts | 170/4 | €1,429,116 | €1,272,588 | -€156,527 | -11.0% |
| Subordinated loans | 170 | €1,429,116 | €1,272,588 | -€156,527 | -11.0% |
| Amounts payable within one year | 42/48 | €7,036,723 | €10,476,348 | +€3.4m | +48.9% |
| Trade debts | 44 | €6,819,442 | €10,281,064 | +€3.5m | +50.8% |
| Suppliers | 440/4 | €6,819,442 | €10,281,064 | +€3.5m | +50.8% |
| Taxes, remuneration and social security | 45 | €13,115 | €17,335 | +€4,220 | +32.2% |
| Taxes | 450/3 | €296 | €3,963 | +€3,668 | +1,241% |
| Remuneration and social security | 454/9 | €12,819 | €13,372 | +€553 | +4.3% |
| Other amounts payable | 47/48 | €204,166 | €177,949 | -€26,217 | -12.8% |
| Operating income | 70/76A | €6,045,057 | €8,075,546 | +€2.0m | +33.6% |
| Turnover | 70 | €6,045,057 | €8,075,546 | +€2.0m | +33.6% |
| Operating charges | 60/66A | €6,030,535 | €8,227,155 | +€2.2m | +36.4% |
| Goods for resale, raw materials and consumables | 60 | €5,116,439 | €7,490,412 | +€2.4m | +46.4% |
| Purchases | 600/8 | €6,533,826 | €11,310,384 | +€4.8m | +73.1% |
| Change in stocks: decrease (increase) | 609 | -€1,417,387 | -€3,819,971 | -€2.4m | -170% |
| Services and other goods | 61 | €776,943 | €610,608 | -€166,335 | -21.4% |
| Remuneration, social security and pensions | 62 | €103,714 | €105,893 | +€2,179 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,250 | €18,363 | -€13,886 | -43.1% |
| Other operating charges | 640/8 | €1,190 | €1,879 | +€688 | +57.8% |
| Operating profit (loss) | 9901 | €14,522 | -€151,609 | -€166,131 | |
| Financial income | 75/76B | €90,924 | €211,407 | +€120,483 | +133% |
| Recurring financial income | 75 | €1,949 | €33 | -€1,916 | -98.3% |
| Income from financial fixed assets | 750 | - | €30 | +€30 | |
| Other financial income | 752/9 | €1,949 | €3 | -€1,946 | -99.8% |
| Non-recurring financial income | 76B | €88,976 | €211,374 | +€122,399 | +138% |
| Financial charges | 65/66B | €117,547 | €15,145 | -€102,402 | -87.1% |
| Recurring financial charges | 65 | €117,547 | €15,145 | -€102,402 | -87.1% |
| Other financial charges | 652/9 | €117,547 | €15,145 | -€102,402 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,101 | €44,654 | +€56,754 | |
| Income taxes | 67/77 | €6,763 | €9 | -€6,754 | -99.9% |
| Taxes | 670/3 | €6,763 | €9 | -€6,754 | -99.9% |
| Profit (loss) for the period | 9904 | -€18,863 | €44,645 | +€63,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,863 | €44,645 | +€63,508 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.