GEKEM: what changed
GEKEM
Largest movements
- Tangible fixed assets -€33,661
down €33,661 (-50.6%), from €66,521 to €32,860
- Cash +€33,444
up €33,444 (+271%), from €12,353 to €45,797
mainly Depreciation (+€33,661) and Other debts (+€18,966)
- Receivables within one year -€11,902
down €11,902 (-32.1%), from €37,096 to €25,194
of which Other amounts receivable: -€9,795
- Stocks and contracts -€7,494
down €7,494 (-75.0%), from €9,994 to €2,500
- Current portion of long-term debt -€21,679
down €21,679 (-67.3%), from €32,208 to €10,529
- Other debts +€18,966
up €18,966 (+204%), from €9,276 to €28,242
- Reserves -€8,000
down €8,000 (-11.8%), from €67,670 to €59,670
- Debts after one year -€7,156
down €7,156 (-53.2%), from €13,460 to €6,304
- Trade debts -€3,195
down €3,195 (-85.8%), from €3,723 to €528
- Gross operating margin +€14,472
up €14,472 (+20.0%), from €72,512 to €86,984
- Staff costs +€4,462
up €4,462 (+16.7%), from €26,795 to €31,257
- Depreciation -€3,923
down €3,923 (-10.4%), from €37,584 to €33,661
- Taxes +€1,700
new in 2025: €1,700
- Financial charges -€1,039
down €1,039 (-37.5%), from €2,774 to €1,735
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,181 | €113,536 | -€20,645 | -15.4% |
| Fixed assets | 21/28 | €73,706 | €40,045 | -€33,661 | -45.7% |
| Tangible fixed assets | 22/27 | €66,521 | €32,860 | -€33,661 | -50.6% |
| Land and buildings | 22 | €1,400 | €1,400 | = | 0.0% |
| Plant, machinery and equipment | 23 | €28,293 | €11,840 | -€16,453 | -58.2% |
| Furniture and vehicles | 24 | €23,756 | €13,993 | -€9,763 | -41.1% |
| Other tangible fixed assets | 26 | €13,072 | €5,627 | -€7,445 | -57.0% |
| Financial fixed assets | 28 | €7,185 | €7,185 | = | 0.0% |
| Current assets | 29/58 | €60,475 | €73,491 | +€13,016 | +21.5% |
| Stocks and contracts in progress | 3 | €9,994 | €2,500 | -€7,494 | -75.0% |
| Stocks | 30/36 | €9,994 | €2,500 | -€7,494 | -75.0% |
| Amounts receivable within one year | 40/41 | €37,096 | €25,194 | -€11,902 | -32.1% |
| Trade receivables | 40 | €4,774 | €2,667 | -€2,107 | -44.1% |
| Other amounts receivable | 41 | €32,322 | €22,527 | -€9,795 | -30.3% |
| Cash at bank and in hand | 54/58 | €12,353 | €45,797 | +€33,444 | +271% |
| Deferred charges and accrued income | 490/1 | €1,032 | - | -€1,032 | |
| Total equity and liabilities | 10/49 | €134,181 | €113,536 | -€20,645 | -15.4% |
| Equity | 10/15 | €70,852 | €63,210 | -€7,642 | -10.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €67,670 | €59,670 | -€8,000 | -11.8% |
| Distributable reserves | 133 | €67,670 | €59,670 | -€8,000 | -11.8% |
| Profit (loss) carried forward | 14 | -€3,068 | -€2,710 | +€358 | +11.7% |
| Amounts payable | 17/49 | €63,329 | €50,326 | -€13,003 | -20.5% |
| Amounts payable after more than one year | 17 | €13,460 | €6,304 | -€7,156 | -53.2% |
| Financial debts | 170/4 | €13,460 | €6,304 | -€7,156 | -53.2% |
| Amounts payable within one year | 42/48 | €49,788 | €43,985 | -€5,803 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €32,208 | €10,529 | -€21,679 | -67.3% |
| Trade debts | 44 | €3,723 | €528 | -€3,195 | -85.8% |
| Suppliers | 440/4 | €3,723 | €528 | -€3,195 | -85.8% |
| Taxes, remuneration and social security | 45 | €4,581 | €4,686 | +€105 | +2.3% |
| Taxes | 450/3 | €990 | €2,300 | +€1,310 | +132% |
| Remuneration and social security | 454/9 | €3,591 | €2,386 | -€1,205 | -33.6% |
| Other amounts payable | 47/48 | €9,276 | €28,242 | +€18,966 | +204% |
| Accrued charges and deferred income | 492/3 | €81 | €37 | -€44 | -54.3% |
| Remuneration, social security and pensions | 62 | €26,795 | €31,257 | +€4,462 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,584 | €33,661 | -€3,923 | -10.4% |
| Other operating charges | 640/8 | €1,569 | €1,273 | -€296 | -18.9% |
| Gross operating margin | 9900 | €72,512 | €86,984 | +€14,472 | +20.0% |
| Operating profit (loss) | 9901 | €6,564 | €20,793 | +€14,229 | +217% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €2,774 | €1,735 | -€1,039 | -37.5% |
| Recurring financial charges | 65 | €2,774 | €1,735 | -€1,039 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €3,801 | €19,058 | +€15,257 | +401% |
| Income taxes | 67/77 | - | €1,700 | +€1,700 | |
| Profit (loss) for the period | 9904 | €3,801 | €17,358 | +€13,557 | +357% |
| Profit (loss) for the period to be appropriated | 9905 | €3,801 | €17,358 | +€13,557 | +357% |
Next steps
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.