Shivani Gems: what changed
What changed
Shivani Gems
NACE 46.861, Wholesale of diamonds and other precious stones
filed annual accounts (NBB)
Net result for the year
€45,982
2023 · €93,930-€47,948
Equity
€15.5m
2023 · €15.4m+€45,982
Cash
€111,859
2023 · €485,613-€373,754
Balance sheet total
€29.9m
2023 · €26.6m+€3.3m
Largest movements
Assets
- Receivables within one year +€4.1m
up €4.1m (+46.4%), from €8.9m to €13.0m
of which Trade receivables: +€4.0m
- Stocks and contracts -€486,157
down €486,157 (-2.9%), from €16.9m to €16.4m
- Cash -€373,754
down €373,754 (-77.0%), from €485,613 to €111,859
mainly Receivables within one year (-€4.1m) and Tax, wage and social debts (-€107,030)
Equity and liabilities
- Short-term financial debts +€2.0m
up €2.0m (+1,826%), from €109,057 to €2.1m
- Trade debts +€1.3m
up €1.3m (+12.4%), from €10.9m to €12.2m
Income statement
- Turnover -€11.1m
down €11.1m (-18.5%), from €60.1m to €49.0m
- Goods and materials -€10.4m
down €10.4m (-17.9%), from €58.2m to €47.8m
Change in the result, 2023 to 2024
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 2023
€93,930
Turnover
-€11.1m
Other operating income
+€2,507
Goods and materials
+€10.4m
Services and other goods
+€332,885
Staff costs
-€4,427
Depreciation
+€2,222
Other operating charges
-€37
Financial income
+€11,943
Financial charges
+€317,738
Taxes
+€32,530
Result 2024
€45,982
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.4m
Investment
-€1
Financing
+€2.0m
Cash 2023
€485,613
From operations (derived)
-€2.4m
Net result for the year
+€45,982
Depreciation
+€14,980
Stocks and contracts
+€486,157
Receivables within one year
-€4.1m
Deferred charges and accrued income
+€1,153
Trade debts
+€1.3m
Tax, wage and social debts
-€107,030
Advances received
-€15,000
Investment (derived)
-€1
Investment in fixed assets (net)
-€1
Financing
+€2.0m
Short-term financial debts
+€2.0m
Cash 2024
€111,859
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,635,036 | €29,893,507 | +€3.3m | +12.2% |
| Fixed assets | 21/28 | €356,422 | €341,443 | -€14,979 | -4.2% |
| Tangible fixed assets | 22/27 | €348,102 | €333,123 | -€14,979 | -4.3% |
| Land and buildings | 22 | €304,737 | €304,737 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,893 | €11,293 | -€3,600 | -24.2% |
| Furniture and vehicles | 24 | €28,472 | €17,093 | -€11,379 | -40.0% |
| Financial fixed assets | 28 | €8,320 | €8,320 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,320 | €8,320 | = | 0.0% |
| Shares | 284 | €5,239 | €5,239 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,081 | €3,081 | = | 0.0% |
| Current assets | 29/58 | €26,278,614 | €29,552,064 | +€3.3m | +12.5% |
| Stocks and contracts in progress | 3 | €16,882,614 | €16,396,457 | -€486,157 | -2.9% |
| Stocks | 30/36 | €16,882,614 | €16,396,457 | -€486,157 | -2.9% |
| Goods purchased for resale | 34 | €16,882,614 | €16,396,457 | -€486,157 | -2.9% |
| Amounts receivable within one year | 40/41 | €8,909,234 | €13,043,748 | +€4.1m | +46.4% |
| Trade receivables | 40 | €8,819,451 | €12,860,112 | +€4.0m | +45.8% |
| Other amounts receivable | 41 | €89,783 | €183,636 | +€93,853 | +105% |
| Cash at bank and in hand | 54/58 | €485,613 | €111,859 | -€373,754 | -77.0% |
| Deferred charges and accrued income | 490/1 | €1,153 | - | -€1,153 | |
| Total equity and liabilities | 10/49 | €26,635,036 | €29,893,507 | +€3.3m | +12.2% |
| Equity | 10/15 | €15,437,476 | €15,483,458 | +€45,982 | +0.3% |
| Contributions | 10/11 | €9,700,000 | €9,700,000 | = | 0.0% |
| Capital | 10 | €9,700,000 | €9,700,000 | = | 0.0% |
| Issued capital | 100 | €9,700,000 | €9,700,000 | = | 0.0% |
| Reserves | 13 | €455,000 | €457,300 | +€2,300 | +0.5% |
| Non-distributable reserves | 130/1 | €455,000 | €457,300 | +€2,300 | +0.5% |
| Legal reserve | 130 | €455,000 | €457,300 | +€2,300 | +0.5% |
| Profit (loss) carried forward | 14 | €5,282,476 | €5,326,158 | +€43,682 | +0.8% |
| Amounts payable | 17/49 | €11,197,560 | €14,410,049 | +€3.2m | +28.7% |
| Amounts payable within one year | 42/48 | €11,197,560 | €14,410,049 | +€3.2m | +28.7% |
| Financial debts | 43 | €109,057 | €2,100,000 | +€2.0m | +1,826% |
| Credit institutions | 430/8 | €109,057 | €2,100,000 | +€2.0m | +1,826% |
| Trade debts | 44 | €10,867,820 | €12,211,396 | +€1.3m | +12.4% |
| Suppliers | 440/4 | €10,867,820 | €12,211,396 | +€1.3m | +12.4% |
| Advances received on contracts in progress | 46 | €15,000 | - | -€15,000 | |
| Taxes, remuneration and social security | 45 | €205,683 | €98,653 | -€107,030 | -52.0% |
| Taxes | 450/3 | €199,166 | €91,301 | -€107,865 | -54.2% |
| Remuneration and social security | 454/9 | €6,517 | €7,352 | +€835 | +12.8% |
| Operating income | 70/76A | €60,099,699 | €48,967,253 | -€11.1m | -18.5% |
| Turnover | 70 | €60,086,583 | €48,951,630 | -€11.1m | -18.5% |
| Other operating income | 74 | €13,116 | €15,623 | +€2,507 | +19.1% |
| Operating charges | 60/66A | €59,223,359 | €48,501,072 | -€10.7m | -18.1% |
| Goods for resale, raw materials and consumables | 60 | €58,200,572 | €47,808,928 | -€10.4m | -17.9% |
| Change in stocks: decrease (increase) | 609 | -€2,895,690 | €486,157 | +€3.4m | |
| Services and other goods | 61 | €945,248 | €612,363 | -€332,885 | -35.2% |
| Remuneration, social security and pensions | 62 | €46,974 | €51,401 | +€4,427 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,202 | €14,980 | -€2,222 | -12.9% |
| Other operating charges | 640/8 | €13,363 | €13,400 | +€37 | +0.3% |
| Operating profit (loss) | 9901 | €876,340 | €466,181 | -€410,159 | -46.8% |
| Recurring financial income | 75 | €4,409 | €16,352 | +€11,943 | +271% |
| Income from current assets | 751 | €3,131 | €5,902 | +€2,771 | +88.5% |
| Other financial income | 752/9 | €1,278 | €10,450 | +€9,172 | +718% |
| Financial charges | 65/66B | €668,348 | €350,610 | -€317,738 | -47.5% |
| Recurring financial charges | 65 | €668,348 | €350,610 | -€317,738 | -47.5% |
| Debt charges | 650 | €345,769 | €339,014 | -€6,755 | -2.0% |
| Other financial charges | 652/9 | €322,579 | €11,596 | -€310,983 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €212,401 | €131,923 | -€80,478 | -37.9% |
| Income taxes | 67/77 | €118,471 | €85,941 | -€32,530 | -27.5% |
| Taxes | 670/3 | €118,471 | €91,903 | -€26,568 | -22.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,962 | +€5,962 | |
| Profit (loss) for the period | 9904 | €93,930 | €45,982 | -€47,948 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,930 | €45,982 | -€47,948 | -51.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.