SRS DIAMONDS: 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
SRS DIAMONDS
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€998,709
2023 · €895,124+€103,585
Equity
€12.0m
2023 · €12.2m-€208,434
Cash
€1.3m
2023 · €554,152+€726,997
Balance sheet total
€20.7m
2023 · €23.9m-€3.2m
Largest movements
Assets
- Receivables within one year -€2.7m
down €2.7m (-18.4%), from €14.9m to €12.2m
of which Trade receivables: -€3.4m
- Cash +€726,997
up €726,997 (+131%), from €554,152 to €1.3m
mainly Receivables within one year (+€2.7m) and Net result for the year (+€998,709)
- Receivables after one year -€700,000
no longer reported in 2024 (was €700,000)
- Stocks and contracts -€386,564
down €386,564 (-6.0%), from €6.5m to €6.1m
Equity and liabilities
- Trade debts -€3.7m
down €3.7m (-33.5%), from €11.1m to €7.4m
- Other debts +€857,143
new in 2024: €857,143
Income statement
- Goods and materials -€9.1m
down €9.1m (-30.5%), from €29.9m to €20.7m
of which Purchases: -€11.0m
- Turnover -€9.0m
down €9.0m (-28.4%), from €31.7m to €22.7m
From the 2023 result to the 2024 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 2023
€895,124
Turnover
-€9.0m
Other operating income
-€10,577
Goods and materials
+€9.1m
Services and other goods
+€9,677
Staff costs
+€4,771
Depreciation
+€2,210
Other operating charges
-€173
Financial income
+€387
Financial charges
-€3,425
Taxes
+€12,118
Result 2024
€998,709
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.1m
Investment
-€13,522
Financing
-€1.3m
Cash 2023
€554,152
From operations (derived)
+€2.1m
Net result for the year
+€998,709
Depreciation
+€49,694
Receivables after one year
+€700,000
Stocks and contracts
+€386,564
Receivables within one year
+€2.7m
Deferred charges and accrued income
+€56,597
Trade debts
-€3.7m
Tax, wage and social debts
-€14,881
Other debts
+€857,143
Accrued charges and deferred income
-€173
Investment (derived)
-€13,522
Investment in fixed assets (net)
-€13,522
Financing
-€1.3m
Debts after one year
-€119,515
Current portion of long-term debt
+€1,273
Contributions, distributions and other
-€1.2m
Cash 2024
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,863,213 | €20,667,249 | -€3.2m | -13.4% |
| Fixed assets | 21/28 | €1,133,769 | €1,097,597 | -€36,172 | -3.2% |
| Tangible fixed assets | 22/27 | €1,133,394 | €1,097,222 | -€36,172 | -3.2% |
| Land and buildings | 22 | €1,077,482 | €1,040,907 | -€36,574 | -3.4% |
| Plant, machinery and equipment | 23 | €41,814 | €45,399 | +€3,585 | +8.6% |
| Furniture and vehicles | 24 | €10,594 | €7,412 | -€3,183 | -30.0% |
| Other tangible fixed assets | 26 | €3,504 | €3,504 | = | 0.0% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Other financial fixed assets | 284/8 | €375 | €375 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €22,729,444 | €19,569,652 | -€3.2m | -13.9% |
| Amounts receivable after more than one year | 29 | €700,000 | - | -€700,000 | |
| Other amounts receivable | 291 | €700,000 | - | -€700,000 | |
| Stocks and contracts in progress | 3 | €6,483,859 | €6,097,295 | -€386,564 | -6.0% |
| Stocks | 30/36 | €6,483,859 | €6,097,295 | -€386,564 | -6.0% |
| Goods purchased for resale | 34 | €6,483,859 | €6,097,295 | -€386,564 | -6.0% |
| Amounts receivable within one year | 40/41 | €14,930,563 | €12,186,935 | -€2.7m | -18.4% |
| Trade receivables | 40 | €14,890,680 | €11,458,972 | -€3.4m | -23.0% |
| Other amounts receivable | 41 | €39,883 | €727,963 | +€688,080 | +1,725% |
| Cash at bank and in hand | 54/58 | €554,152 | €1,281,149 | +€726,997 | +131% |
| Deferred charges and accrued income | 490/1 | €60,869 | €4,272 | -€56,597 | -93.0% |
| Total equity and liabilities | 10/49 | €23,863,213 | €20,667,249 | -€3.2m | -13.4% |
| Equity | 10/15 | €12,229,875 | €12,021,441 | -€208,434 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,211,275 | €12,002,841 | -€208,434 | -1.7% |
| Distributable reserves | 133 | €12,211,275 | €12,002,841 | -€208,434 | -1.7% |
| Amounts payable | 17/49 | €11,633,338 | €8,645,808 | -€3.0m | -25.7% |
| Amounts payable after more than one year | 17 | €441,321 | €321,806 | -€119,515 | -27.1% |
| Financial debts | 170/4 | €441,321 | €321,806 | -€119,515 | -27.1% |
| Credit institutions | 173 | €441,321 | €321,806 | -€119,515 | -27.1% |
| Amounts payable within one year | 42/48 | €11,189,949 | €8,322,107 | -€2.9m | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €51,684 | €52,957 | +€1,273 | +2.5% |
| Trade debts | 44 | €11,068,068 | €7,356,691 | -€3.7m | -33.5% |
| Suppliers | 440/4 | €11,068,068 | €7,356,691 | -€3.7m | -33.5% |
| Taxes, remuneration and social security | 45 | €70,197 | €55,316 | -€14,881 | -21.2% |
| Taxes | 450/3 | €33,145 | €13,111 | -€20,035 | -60.4% |
| Remuneration and social security | 454/9 | €37,051 | €42,205 | +€5,154 | +13.9% |
| Other amounts payable | 47/48 | - | €857,143 | +€857,143 | |
| Accrued charges and deferred income | 492/3 | €2,067 | €1,894 | -€173 | -8.4% |
| Operating income | 70/76A | €31,758,511 | €22,726,930 | -€9.0m | -28.4% |
| Turnover | 70 | €31,738,808 | €22,717,804 | -€9.0m | -28.4% |
| Other operating income | 74 | €19,703 | €9,126 | -€10,577 | -53.7% |
| Operating charges | 60/66A | €30,775,290 | €21,649,204 | -€9.1m | -29.7% |
| Goods for resale, raw materials and consumables | 60 | €29,857,034 | €20,747,431 | -€9.1m | -30.5% |
| Purchases | 600/8 | €31,373,745 | €20,360,867 | -€11.0m | -35.1% |
| Change in stocks: decrease (increase) | 609 | -€1,516,712 | €386,564 | +€1.9m | |
| Services and other goods | 61 | €551,204 | €541,528 | -€9,677 | -1.8% |
| Remuneration, social security and pensions | 62 | €306,091 | €301,320 | -€4,771 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,904 | €49,694 | -€2,210 | -4.3% |
| Other operating charges | 640/8 | €9,057 | €9,231 | +€173 | +1.9% |
| Operating profit (loss) | 9901 | €983,222 | €1,077,727 | +€94,505 | +9.6% |
| Financial income | 75/76B | €18,630 | €19,018 | +€387 | +2.1% |
| Recurring financial income | 75 | €18,630 | €19,018 | +€387 | +2.1% |
| Other financial income | 752/9 | €18,630 | €19,018 | +€387 | +2.1% |
| Financial charges | 65/66B | €56,449 | €59,874 | +€3,425 | +6.1% |
| Recurring financial charges | 65 | €56,449 | €59,874 | +€3,425 | +6.1% |
| Debt charges | 650 | €12,362 | €14,887 | +€2,525 | +20.4% |
| Other financial charges | 652/9 | €44,087 | €44,987 | +€900 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €945,403 | €1,036,870 | +€91,467 | +9.7% |
| Income taxes | 67/77 | €50,279 | €38,161 | -€12,118 | -24.1% |
| Taxes | 670/3 | €50,280 | €38,161 | -€12,119 | -24.1% |
| Tax adjustments and reversals of tax provisions | 77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | €895,124 | €998,709 | +€103,585 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €895,124 | €998,709 | +€103,585 | +11.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.