GEM AEROSPACE: 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.
GEM AEROSPACE
Largest movements
- Cash +€210,612
up €210,612 (+21.4%), from €984,752 to €1.2m
mainly Net result for the year (+€264,482) and Receivables after one year (+€75,000)
- Receivables after one year -€75,000
no longer reported in 2025 (was €75,000)
- Receivables within one year +€73,986
up €73,986 (+20.6%), from €358,377 to €432,363
- Reserves +€202,420
up €202,420 (+16.6%), from €1.2m to €1.4m
of which Distributable reserves: +€399,920
- Trade debts +€19,311
up €19,311 (+17.9%), from €108,083 to €127,393
- Gross operating margin +€101,710
up €101,710 (+34.6%), from €294,060 to €395,770
- Taxes +€29,377
up €29,377 (+32.5%), from €90,258 to €119,635
- Financial income +€24,236
up €24,236 (+418%), from €5,799 to €30,034
- Staff costs +€22,132
new in 2025: €22,132
- Depreciation +€7,648
up €7,648 (+97.5%), from €7,842 to €15,490
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 | €1,488,264 | €1,685,133 | +€196,869 | +13.2% |
| Fixed assets | 21/28 | €68,014 | €55,443 | -€12,571 | -18.5% |
| Tangible fixed assets | 22/27 | €67,934 | €55,363 | -€12,571 | -18.5% |
| Furniture and vehicles | 24 | €42,740 | €36,110 | -€6,630 | -15.5% |
| Other tangible fixed assets | 26 | €25,194 | €19,253 | -€5,941 | -23.6% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €1,420,250 | €1,629,689 | +€209,439 | +14.7% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 291 | €75,000 | - | -€75,000 | |
| Amounts receivable within one year | 40/41 | €358,377 | €432,363 | +€73,986 | +20.6% |
| Trade receivables | 40 | €358,377 | €432,363 | +€73,986 | +20.6% |
| Cash at bank and in hand | 54/58 | €984,752 | €1,195,364 | +€210,612 | +21.4% |
| Deferred charges and accrued income | 490/1 | €2,122 | €1,963 | -€159 | -7.5% |
| Total equity and liabilities | 10/49 | €1,488,264 | €1,685,133 | +€196,869 | +13.2% |
| Equity | 10/15 | €1,251,339 | €1,453,759 | +€202,420 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,216,295 | €1,418,715 | +€202,420 | +16.6% |
| Tax-exempt reserves | 132 | €260,650 | €63,150 | -€197,500 | -75.8% |
| Distributable reserves | 133 | €955,645 | €1,355,565 | +€399,920 | +41.8% |
| Profit (loss) carried forward | 14 | €16,445 | €16,445 | = | 0.0% |
| Amounts payable | 17/49 | €236,925 | €231,373 | -€5,552 | -2.3% |
| Amounts payable within one year | 42/48 | €236,925 | €231,373 | -€5,552 | -2.3% |
| Trade debts | 44 | €108,083 | €127,393 | +€19,311 | +17.9% |
| Suppliers | 440/4 | €108,083 | €127,393 | +€19,311 | +17.9% |
| Taxes, remuneration and social security | 45 | €112,303 | €95,548 | -€16,754 | -14.9% |
| Taxes | 450/3 | €112,303 | €76,286 | -€36,017 | -32.1% |
| Remuneration and social security | 454/9 | - | €19,263 | +€19,263 | |
| Other amounts payable | 47/48 | €16,539 | €8,432 | -€8,108 | -49.0% |
| Remuneration, social security and pensions | 62 | - | €22,132 | +€22,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,842 | €15,490 | +€7,648 | +97.5% |
| Other operating charges | 640/8 | €400 | €2,582 | +€2,181 | +545% |
| Gross operating margin | 9900 | €294,060 | €395,770 | +€101,710 | +34.6% |
| Operating profit (loss) | 9901 | €285,818 | €355,567 | +€69,749 | +24.4% |
| Financial income | 75/76B | €5,799 | €30,034 | +€24,236 | +418% |
| Recurring financial income | 75 | €5,799 | €30,034 | +€24,236 | +418% |
| Financial charges | 65/66B | €2,070 | €1,484 | -€586 | -28.3% |
| Recurring financial charges | 65 | €2,070 | €1,484 | -€586 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €289,546 | €384,117 | +€94,571 | +32.7% |
| Income taxes | 67/77 | €90,258 | €119,635 | +€29,377 | +32.5% |
| Profit (loss) for the period | 9904 | €199,288 | €264,482 | +€65,194 | +32.7% |
| Transfer from tax-exempt reserves | 789 | €74,728 | €197,500 | +€122,772 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €274,016 | €461,982 | +€187,966 | +68.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.