SHAURYA 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.
SHAURYA GEMS
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-74.6%), from €1.4m to €365,470
of which Trade receivables: -€1.1m
- Receivables after one year -€731,543
down €731,543 (-91.6%), from €798,543 to €67,000
- Cash -€321,523
down €321,523 (-89.9%), from €357,727 to €36,204
mainly Contributions, distributions and other (-€1.6m) and Net result for the year (-€505,355)
- Stocks and contracts -€57,795
no longer reported in 2025 (was €57,795)
- Reserves -€1.6m
down €1.6m (-38.4%), from €4.1m to €2.6m
- Profit (loss) carried forward -€505,355
down €505,355 (-31.4%), from -€1.6m to -€2.1m
- Trade debts -€80,324
down €80,324 (-95.5%), from €84,149 to €3,825
- Write-downs -€171,122
no longer reported in 2025 (was €171,122)
- Gross operating margin -€130,269
down €130,269 (-35.5%), from -€366,853 to -€497,121
- Staff costs -€23,952
down €23,952 (-74.2%), from €32,299 to €8,347
- Financial income -€17,592
down €17,592 (-54.9%), from €32,040 to €14,449
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 | €2,657,994 | €468,674 | -€2.2m | -82.4% |
| Fixed assets | 21/28 | €5,496 | - | -€5,496 | |
| Tangible fixed assets | 22/27 | €2,996 | - | -€2,996 | |
| Plant, machinery and equipment | 23 | €429 | - | -€429 | |
| Furniture and vehicles | 24 | €2,567 | - | -€2,567 | |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €2,652,498 | €468,674 | -€2.2m | -82.3% |
| Amounts receivable after more than one year | 29 | €798,543 | €67,000 | -€731,543 | -91.6% |
| Other amounts receivable | 291 | €798,543 | €67,000 | -€731,543 | -91.6% |
| Stocks and contracts in progress | 3 | €57,795 | - | -€57,795 | |
| Stocks | 30/36 | €57,795 | - | -€57,795 | |
| Amounts receivable within one year | 40/41 | €1,438,433 | €365,470 | -€1.1m | -74.6% |
| Trade receivables | 40 | €1,310,887 | €212,766 | -€1.1m | -83.8% |
| Other amounts receivable | 41 | €127,546 | €152,704 | +€25,158 | +19.7% |
| Cash at bank and in hand | 54/58 | €357,727 | €36,204 | -€321,523 | -89.9% |
| Total equity and liabilities | 10/49 | €2,657,994 | €468,674 | -€2.2m | -82.4% |
| Equity | 10/15 | €2,550,016 | €456,686 | -€2.1m | -82.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,138,554 | €2,550,579 | -€1.6m | -38.4% |
| Distributable reserves | 133 | €4,138,554 | €2,550,579 | -€1.6m | -38.4% |
| Profit (loss) carried forward | 14 | -€1,607,138 | -€2,112,493 | -€505,355 | -31.4% |
| Amounts payable | 17/49 | €107,977 | €11,988 | -€95,989 | -88.9% |
| Amounts payable within one year | 42/48 | €107,977 | €11,988 | -€95,989 | -88.9% |
| Trade debts | 44 | €84,149 | €3,825 | -€80,324 | -95.5% |
| Suppliers | 440/4 | €84,149 | €3,825 | -€80,324 | -95.5% |
| Taxes, remuneration and social security | 45 | €23,828 | €8,163 | -€15,665 | -65.7% |
| Taxes | 450/3 | €11,416 | €8,163 | -€3,253 | -28.5% |
| Remuneration and social security | 454/9 | €12,412 | - | -€12,412 | |
| Remuneration, social security and pensions | 62 | €32,299 | €8,347 | -€23,952 | -74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,071 | - | -€1,071 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €171,122 | - | -€171,122 | |
| Other operating charges | 640/8 | €1,413 | €1,246 | -€167 | -11.8% |
| Non-recurring operating charges | 66A | - | €2,346 | +€2,346 | |
| Gross operating margin | 9900 | -€366,853 | -€497,121 | -€130,269 | -35.5% |
| Operating profit (loss) | 9901 | -€572,757 | -€509,061 | +€63,696 | +11.1% |
| Financial income | 75/76B | €32,040 | €14,449 | -€17,592 | -54.9% |
| Recurring financial income | 75 | €32,040 | €14,449 | -€17,592 | -54.9% |
| Financial charges | 65/66B | €4,609 | €2,675 | -€1,934 | -42.0% |
| Recurring financial charges | 65 | €4,609 | €2,675 | -€1,934 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€545,326 | -€497,287 | +€48,039 | +8.8% |
| Income taxes | 67/77 | €10,153 | €8,068 | -€2,086 | -20.5% |
| Profit (loss) for the period | 9904 | -€555,479 | -€505,355 | +€50,124 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€555,479 | -€505,355 | +€50,124 | +9.0% |
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 20 October 2026 via checked.be.