D.N. 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.
D.N. GEMS
Largest movements
- Receivables within one year -€228,551
down €228,551 (-8.4%), from €2.7m to €2.5m
of which Trade receivables: -€2.7m
- Cash +€153,850
up €153,850 (+29.9%), from €514,852 to €668,702
mainly Receivables within one year (+€228,551) and Stocks and contracts (+€65,168)
- Stocks and contracts -€65,168
down €65,168 (-9.6%), from €678,471 to €613,302
- Profit (loss) carried forward -€137,524
down €137,524 (-15.8%), from €868,115 to €730,591
- Gross operating margin -€174,128
down €174,128, from €68,430 to -€105,698
- Financial charges -€38,130
down €38,130 (-74.8%), from €50,954 to €12,824
- Taxes -€14,182
down €14,182 (-95.6%), from €14,829 to €647
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 | €4,053,731 | €3,898,792 | -€154,939 | -3.8% |
| Fixed assets | 21/28 | €134,313 | €119,206 | -€15,107 | -11.2% |
| Tangible fixed assets | 22/27 | €132,813 | €117,706 | -€15,107 | -11.4% |
| Land and buildings | 22 | €132,224 | €117,533 | -€14,692 | -11.1% |
| Furniture and vehicles | 24 | €589 | €173 | -€416 | -70.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €3,919,418 | €3,779,586 | -€139,831 | -3.6% |
| Stocks and contracts in progress | 3 | €678,471 | €613,302 | -€65,168 | -9.6% |
| Stocks | 30/36 | €678,471 | €613,302 | -€65,168 | -9.6% |
| Amounts receivable within one year | 40/41 | €2,725,085 | €2,496,533 | -€228,551 | -8.4% |
| Trade receivables | 40 | €2,721,992 | - | -€2.7m | |
| Other amounts receivable | 41 | €3,093 | €2,496,533 | +€2.5m | +80,621% |
| Cash at bank and in hand | 54/58 | €514,852 | €668,702 | +€153,850 | +29.9% |
| Deferred charges and accrued income | 490/1 | €1,010 | €1,048 | +€38 | +3.8% |
| Total equity and liabilities | 10/49 | €4,053,731 | €3,898,792 | -€154,939 | -3.8% |
| Equity | 10/15 | €2,328,887 | €2,191,364 | -€137,524 | -5.9% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €360,773 | €360,773 | = | 0.0% |
| Distributable reserves | 133 | €360,773 | €360,773 | = | 0.0% |
| Profit (loss) carried forward | 14 | €868,115 | €730,591 | -€137,524 | -15.8% |
| Amounts payable | 17/49 | €1,724,844 | €1,707,429 | -€17,415 | -1.0% |
| Amounts payable after more than one year | 17 | €711,263 | €695,727 | -€15,536 | -2.2% |
| Financial debts | 170/4 | €711,263 | €695,727 | -€15,536 | -2.2% |
| Amounts payable within one year | 42/48 | €1,013,581 | €1,011,701 | -€1,879 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €14,534 | €15,424 | +€890 | +6.1% |
| Trade debts | 44 | €1,039 | - | -€1,039 | |
| Suppliers | 440/4 | €1,039 | - | -€1,039 | |
| Other amounts payable | 47/48 | €998,007 | €996,277 | -€1,730 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,107 | €15,107 | = | 0.0% |
| Other operating charges | 640/8 | €3,721 | €3,398 | -€323 | -8.7% |
| Gross operating margin | 9900 | €68,430 | -€105,698 | -€174,128 | |
| Operating profit (loss) | 9901 | €49,602 | -€124,203 | -€173,805 | |
| Financial income | 75/76B | €12 | €150 | +€138 | +1,170% |
| Recurring financial income | 75 | €12 | €150 | +€138 | +1,170% |
| Financial charges | 65/66B | €50,954 | €12,824 | -€38,130 | -74.8% |
| Recurring financial charges | 65 | €50,954 | €12,824 | -€38,130 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,340 | -€136,877 | -€135,537 | -10,114% |
| Income taxes | 67/77 | €14,829 | €647 | -€14,182 | -95.6% |
| Profit (loss) for the period | 9904 | -€16,169 | -€137,524 | -€121,355 | -751% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,169 | -€137,524 | -€121,355 | -751% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.