EUROGEMA: 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.
EUROGEMA
Largest movements
- Receivables within one year +€14,954
up €14,954 (+7.1%), from €209,447 to €224,401
of which Other amounts receivable: +€49,856
- Cash -€5,815
down €5,815 (-56.1%), from €10,372 to €4,557
mainly Trade debts (-€38,177) and Receivables within one year (-€14,954)
- Reserves +€54,691
up €54,691 (+27.8%), from €196,383 to €251,074
of which Distributable reserves: +€54,691
- Trade debts -€38,177
down €38,177 (-60.2%), from €63,429 to €25,252
- Current portion of long-term debt -€12,362
down €12,362 (-41.2%), from €30,000 to €17,638
- Tax, wage and social debts +€7,222
up €7,222 (+18.1%), from €39,835 to €47,057
- Gross operating margin +€54,806
up €54,806 (+428%), from €12,814 to €67,620
- Taxes +€11,667
up €11,667 (+942%), from €1,239 to €12,906
- Other operating charges -€2,258
down €2,258 (-76.0%), from €2,972 to €715
- Financial charges +€1,685
up €1,685 (+85.7%), from €1,967 to €3,652
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 | €395,076 | €406,096 | +€11,020 | +2.8% |
| Fixed assets | 21/28 | €1,575 | €1,000 | -€575 | -36.5% |
| Tangible fixed assets | 22/27 | €575 | - | -€575 | |
| Furniture and vehicles | 24 | €575 | - | -€575 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €393,501 | €405,096 | +€11,595 | +2.9% |
| Amounts receivable after more than one year | 29 | €166,370 | €166,370 | = | 0.0% |
| Other amounts receivable | 291 | €166,370 | €166,370 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €209,447 | €224,401 | +€14,954 | +7.1% |
| Trade receivables | 40 | €59,979 | €25,076 | -€34,903 | -58.2% |
| Other amounts receivable | 41 | €149,468 | €199,324 | +€49,856 | +33.4% |
| Current investments | 50/53 | €7,312 | €9,768 | +€2,457 | +33.6% |
| Cash at bank and in hand | 54/58 | €10,372 | €4,557 | -€5,815 | -56.1% |
| Total equity and liabilities | 10/49 | €395,076 | €406,096 | +€11,020 | +2.8% |
| Equity | 10/15 | €246,383 | €301,074 | +€54,691 | +22.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €196,383 | €251,074 | +€54,691 | +27.8% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €191,383 | €246,074 | +€54,691 | +28.6% |
| Amounts payable | 17/49 | €148,693 | €105,022 | -€43,671 | -29.4% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €133,264 | €89,947 | -€43,317 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €17,638 | -€12,362 | -41.2% |
| Trade debts | 44 | €63,429 | €25,252 | -€38,177 | -60.2% |
| Suppliers | 440/4 | €63,429 | €25,252 | -€38,177 | -60.2% |
| Taxes, remuneration and social security | 45 | €39,835 | €47,057 | +€7,222 | +18.1% |
| Taxes | 450/3 | €39,835 | €47,057 | +€7,222 | +18.1% |
| Accrued charges and deferred income | 492/3 | €429 | €75 | -€354 | -82.5% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €782 | €575 | -€206 | -26.4% |
| Other operating charges | 640/8 | €2,972 | €715 | -€2,258 | -76.0% |
| Gross operating margin | 9900 | €12,814 | €67,620 | +€54,806 | +428% |
| Operating profit (loss) | 9901 | €9,060 | €66,330 | +€57,270 | +632% |
| Financial income | 75/76B | €4,757 | €4,920 | +€163 | +3.4% |
| Recurring financial income | 75 | €4,757 | €4,920 | +€163 | +3.4% |
| Financial charges | 65/66B | €1,967 | €3,652 | +€1,685 | +85.7% |
| Recurring financial charges | 65 | €1,967 | €3,652 | +€1,685 | +85.7% |
| Profit (loss) for the period before taxes | 9903 | €11,849 | €67,598 | +€55,749 | +470% |
| Income taxes | 67/77 | €1,239 | €12,906 | +€11,667 | +942% |
| Profit (loss) for the period | 9904 | €10,610 | €54,691 | +€44,081 | +415% |
| Profit (loss) for the period to be appropriated | 9905 | €10,610 | €54,691 | +€44,081 | +415% |
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 31 October 2026 via checked.be.