SHIVAY 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.
SHIVAY GEMS
Largest movements
- Cash -€1.0m
down €1.0m (-90.3%), from €1.1m to €110,481
mainly Current portion of long-term debt (-€962,557) and Net result for the year (-€293,980)
- Receivables within one year -€312,180
down €312,180 (-12.3%), from €2.5m to €2.2m
of which Trade receivables: -€310,561
- Tangible fixed assets +€45,065
up €45,065 (+22.6%), from €199,424 to €244,489
of which Furniture and vehicles: +€55,016
- Current portion of long-term debt -€962,557
no longer reported in 2025 (was €962,557)
- Reserves -€293,980
down €293,980 (-14.0%), from €2.1m to €1.8m
- Debts after one year -€55,746
down €55,746 (-11.6%), from €481,278 to €425,532
- Turnover -€8.6m
no longer reported in 2025 (was €8.6m)
- Goods and materials -€8.3m
no longer reported in 2025 (was €8.3m)
of which Purchases: -€8.2m
- Gross operating margin -€256,806
new in 2025: -€256,806
- Services and other goods -€131,573
no longer reported in 2025 (was €131,573)
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 | €4,148,019 | €2,823,574 | -€1.3m | -31.9% |
| Fixed assets | 21/28 | €199,424 | €244,489 | +€45,065 | +22.6% |
| Tangible fixed assets | 22/27 | €199,424 | €244,489 | +€45,065 | +22.6% |
| Land and buildings | 22 | €178,315 | €173,877 | -€4,438 | -2.5% |
| Plant, machinery and equipment | 23 | €15,333 | €9,820 | -€5,513 | -36.0% |
| Furniture and vehicles | 24 | €5,777 | €60,792 | +€55,016 | +952% |
| Current assets | 29/58 | €3,948,595 | €2,579,085 | -€1.4m | -34.7% |
| Stocks and contracts in progress | 3 | €275,774 | €243,832 | -€31,943 | -11.6% |
| Stocks | 30/36 | €275,774 | €243,832 | -€31,943 | -11.6% |
| Goods purchased for resale | 34 | €275,774 | - | -€275,774 | |
| Amounts receivable within one year | 40/41 | €2,528,941 | €2,216,761 | -€312,180 | -12.3% |
| Trade receivables | 40 | €2,526,001 | €2,215,440 | -€310,561 | -12.3% |
| Other amounts receivable | 41 | €2,940 | €1,321 | -€1,619 | -55.1% |
| Cash at bank and in hand | 54/58 | €1,137,856 | €110,481 | -€1.0m | -90.3% |
| Deferred charges and accrued income | 490/1 | €6,024 | €8,011 | +€1,987 | +33.0% |
| Total equity and liabilities | 10/49 | €4,148,019 | €2,823,574 | -€1.3m | -31.9% |
| Equity | 10/15 | €2,656,335 | €2,362,354 | -€293,980 | -11.1% |
| Contributions | 10/11 | €555,380 | €555,380 | = | 0.0% |
| Reserves | 13 | €2,100,955 | €1,806,975 | -€293,980 | -14.0% |
| Distributable reserves | 133 | €2,100,955 | €1,806,975 | -€293,980 | -14.0% |
| Amounts payable | 17/49 | €1,491,684 | €461,220 | -€1.0m | -69.1% |
| Amounts payable after more than one year | 17 | €481,278 | €425,532 | -€55,746 | -11.6% |
| Financial debts | 170/4 | €481,278 | €425,532 | -€55,746 | -11.6% |
| Other loans | 174 | €481,278 | - | -€481,278 | |
| Amounts payable within one year | 42/48 | €1,010,406 | €35,688 | -€974,718 | -96.5% |
| Current portion of amounts payable after more than one year | 42 | €962,557 | - | -€962,557 | |
| Trade debts | 44 | €6,587 | €2,773 | -€3,814 | -57.9% |
| Suppliers | 440/4 | €6,587 | €2,773 | -€3,814 | -57.9% |
| Taxes, remuneration and social security | 45 | €16,431 | €8,394 | -€8,037 | -48.9% |
| Taxes | 450/3 | €16,431 | €8,394 | -€8,037 | -48.9% |
| Other amounts payable | 47/48 | €24,831 | €24,521 | -€311 | -1.3% |
| Operating income | 70/76A | €8,614,954 | - | -€8.6m | |
| Turnover | 70 | €8,614,706 | - | -€8.6m | |
| Other operating income | 74 | €248 | - | -€248 | |
| Non-recurring operating income | 76A | - | €13,469 | +€13,469 | |
| Operating charges | 60/66A | €8,433,281 | - | -€8.4m | |
| Goods for resale, raw materials and consumables | 60 | €8,282,858 | - | -€8.3m | |
| Purchases | 600/8 | €8,158,645 | - | -€8.2m | |
| Change in stocks: decrease (increase) | 609 | €124,213 | - | -€124,213 | |
| Services and other goods | 61 | €131,573 | - | -€131,573 | |
| Remuneration, social security and pensions | 62 | €2,433 | €20 | -€2,413 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,934 | €19,107 | +€7,173 | +60.1% |
| Other operating charges | 640/8 | €4,483 | €4,443 | -€39 | -0.9% |
| Gross operating margin | 9900 | - | -€256,806 | -€256,806 | |
| Operating profit (loss) | 9901 | €181,673 | -€280,377 | -€462,050 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,614 | €5,310 | -€4,304 | -44.8% |
| Recurring financial charges | 65 | €9,614 | €5,310 | -€4,304 | -44.8% |
| Other financial charges | 652/9 | €9,614 | - | -€9,614 | |
| Profit (loss) for the period before taxes | 9903 | €172,060 | -€285,686 | -€457,746 | |
| Income taxes | 67/77 | €14,369 | €8,294 | -€6,075 | -42.3% |
| Taxes | 670/3 | €14,370 | - | -€14,370 | |
| Tax adjustments and reversals of tax provisions | 77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | €157,691 | -€293,980 | -€451,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €157,691 | -€293,980 | -€451,671 |
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 28 October 2026 via checked.be.