ZAIDAN GEMS: what changed
What changed
ZAIDAN GEMS
NACE 46.861, Wholesale of diamonds and other precious stones
filed annual accounts (NBB)
Net result for the year
-€644,515
2024 · -€483,317-€161,198
Equity
€209,530
2024 · €854,045-€644,515
Cash
€7,885
2024 · €3,845+€4,040
Balance sheet total
€2.5m
2024 · €1.9m+€617,338
Largest movements
Assets
- Stocks and contracts +€579,300
up €579,300 (+42.5%), from €1.4m to €1.9m
- Receivables within one year +€58,046
up €58,046 (+167%), from €34,808 to €92,854
of which Trade receivables: +€62,631
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+155%), from €816,876 to €2.1m
- Profit (loss) carried forward -€644,515
down €644,515 (-77.7%), from €829,526 to €185,011
- Debts after one year -€168,766
no longer reported in 2025 (was €168,766)
- Current portion of long-term debt +€107,942
up €107,942 (+360%), from €29,945 to €137,887
- Other debts +€40,567
new in 2025: €40,567
Income statement
- Gross operating margin -€303,571
down €303,571 (-84.4%), from -€359,612 to -€663,183
- Financial income +€114,587
up €114,587 (+551%), from €20,798 to €135,385
- Staff costs -€17,281
down €17,281 (-72.0%), from €24,003 to €6,722
- Financial charges -€7,771
down €7,771 (-9.5%), from €82,111 to €74,340
- Other operating charges -€6,814
down €6,814 (-85.3%), from €7,988 to €1,174
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
-€483,317
Gross operating margin
-€303,571
Staff costs
+€17,281
Depreciation
-€430
Other operating charges
+€6,814
Financial income
+€114,587
Financial charges
+€7,771
Taxes
-€3,649
Result 2025
-€644,515
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
+€67,629
Investment
-€2,568
Financing
-€61,022
Cash 2024
€3,845
From operations (derived)
+€67,629
Net result for the year
-€644,515
Depreciation
+€26,615
Stocks and contracts
-€579,300
Receivables within one year
-€58,046
Trade debts
+€1.3m
Tax, wage and social debts
+€12,180
Other debts
+€40,567
Investment (derived)
-€2,568
Investment in fixed assets (net)
-€2,568
Financing
-€61,022
Debts after one year
-€168,766
Current portion of long-term debt
+€107,942
Short-term financial debts
-€198
Cash 2025
€7,885
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,892,024 | €2,509,361 | +€617,338 | +32.6% |
| Fixed assets | 21/28 | €490,348 | €466,301 | -€24,047 | -4.9% |
| Tangible fixed assets | 22/27 | €489,898 | €466,101 | -€23,797 | -4.9% |
| Land and buildings | 22 | €489,760 | €464,173 | -€25,587 | -5.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €138 | €1,927 | +€1,789 | +1,295% |
| Financial fixed assets | 28 | €450 | €200 | -€250 | -55.6% |
| Current assets | 29/58 | €1,401,675 | €2,043,061 | +€641,385 | +45.8% |
| Stocks and contracts in progress | 3 | €1,363,022 | €1,942,322 | +€579,300 | +42.5% |
| Stocks | 30/36 | €1,363,022 | €1,942,322 | +€579,300 | +42.5% |
| Amounts receivable within one year | 40/41 | €34,808 | €92,854 | +€58,046 | +167% |
| Trade receivables | 40 | €2,327 | €64,958 | +€62,631 | +2,692% |
| Other amounts receivable | 41 | €32,481 | €27,896 | -€4,585 | -14.1% |
| Cash at bank and in hand | 54/58 | €3,845 | €7,885 | +€4,040 | +105% |
| Total equity and liabilities | 10/49 | €1,892,024 | €2,509,361 | +€617,338 | +32.6% |
| Equity | 10/15 | €854,045 | €209,530 | -€644,515 | -75.5% |
| Contributions | 10/11 | €22,290 | €22,290 | = | 0.0% |
| Reserves | 13 | €2,229 | €2,229 | = | 0.0% |
| Distributable reserves | 133 | €2,229 | €2,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | €829,526 | €185,011 | -€644,515 | -77.7% |
| Amounts payable | 17/49 | €1,037,978 | €2,299,831 | +€1.3m | +122% |
| Amounts payable after more than one year | 17 | €168,766 | - | -€168,766 | |
| Financial debts | 170/4 | €168,766 | - | -€168,766 | |
| Amounts payable within one year | 42/48 | €869,212 | €2,299,831 | +€1.4m | +165% |
| Current portion of amounts payable after more than one year | 42 | €29,945 | €137,887 | +€107,942 | +360% |
| Financial debts | 43 | €198 | - | -€198 | |
| Credit institutions | 430/8 | €198 | - | -€198 | |
| Trade debts | 44 | €816,876 | €2,087,003 | +€1.3m | +155% |
| Suppliers | 440/4 | €816,876 | €2,087,003 | +€1.3m | +155% |
| Taxes, remuneration and social security | 45 | €22,194 | €34,374 | +€12,180 | +54.9% |
| Taxes | 450/3 | €17,578 | €25,522 | +€7,944 | +45.2% |
| Remuneration and social security | 454/9 | €4,616 | €8,852 | +€4,236 | +91.8% |
| Other amounts payable | 47/48 | - | €40,567 | +€40,567 | |
| Remuneration, social security and pensions | 62 | €24,003 | €6,722 | -€17,281 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,185 | €26,615 | +€430 | +1.6% |
| Other operating charges | 640/8 | €7,988 | €1,174 | -€6,814 | -85.3% |
| Gross operating margin | 9900 | -€359,612 | -€663,183 | -€303,571 | -84.4% |
| Operating profit (loss) | 9901 | -€417,788 | -€697,694 | -€279,906 | -67.0% |
| Financial income | 75/76B | €20,798 | €135,385 | +€114,587 | +551% |
| Recurring financial income | 75 | €20,798 | €135,385 | +€114,587 | +551% |
| Financial charges | 65/66B | €82,111 | €74,340 | -€7,771 | -9.5% |
| Recurring financial charges | 65 | €82,111 | €74,340 | -€7,771 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€479,100 | -€636,649 | -€157,549 | -32.9% |
| Income taxes | 67/77 | €4,216 | €7,866 | +€3,649 | +86.6% |
| Profit (loss) for the period | 9904 | -€483,317 | -€644,515 | -€161,198 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€483,317 | -€644,515 | -€161,198 | -33.4% |
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.