GEM Energy & Management: what changed
GEM Energy & Management
Largest movements
- Cash +€100,985
up €100,985 (+261%), from €38,766 to €139,751
mainly Net result for the year (+€99,994) and Tax, wage and social debts (+€15,478)
- Tangible fixed assets +€15,712
new in 2025: €15,712
- Receivables within one year -€2,293
down €2,293 (-8.9%), from €25,653 to €23,360
- Reserves +€99,994
up €99,994 (+271%), from €36,952 to €136,946
- Tax, wage and social debts +€15,478
up €15,478 (+67.3%), from €22,990 to €38,469
of which Taxes: +€19,579
- Gross operating margin +€84,528
up €84,528 (+183%), from €46,227 to €130,755
- Taxes +€18,324
up €18,324 (+198%), from €9,238 to €27,562
- Depreciation +€2,888
new in 2025: €2,888
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 | €64,763 | €180,193 | +€115,430 | +178% |
| Fixed assets | 21/28 | - | €15,712 | +€15,712 | |
| Tangible fixed assets | 22/27 | - | €15,712 | +€15,712 | |
| Furniture and vehicles | 24 | - | €15,712 | +€15,712 | |
| Current assets | 29/58 | €64,763 | €164,481 | +€99,718 | +154% |
| Amounts receivable within one year | 40/41 | €25,653 | €23,360 | -€2,293 | -8.9% |
| Trade receivables | 40 | €25,653 | €23,360 | -€2,293 | -8.9% |
| Cash at bank and in hand | 54/58 | €38,766 | €139,751 | +€100,985 | +261% |
| Deferred charges and accrued income | 490/1 | €344 | €1,370 | +€1,026 | +298% |
| Total equity and liabilities | 10/49 | €64,763 | €180,193 | +€115,430 | +178% |
| Equity | 10/15 | €40,952 | €140,946 | +€99,994 | +244% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €36,952 | €136,946 | +€99,994 | +271% |
| Distributable reserves | 133 | €36,952 | €136,946 | +€99,994 | +271% |
| Amounts payable | 17/49 | €23,811 | €39,247 | +€15,436 | +64.8% |
| Amounts payable within one year | 42/48 | €23,811 | €39,247 | +€15,436 | +64.8% |
| Trade debts | 44 | €821 | €779 | -€43 | -5.2% |
| Suppliers | 440/4 | €821 | €779 | -€43 | -5.2% |
| Taxes, remuneration and social security | 45 | €22,990 | €38,469 | +€15,478 | +67.3% |
| Taxes | 450/3 | €18,822 | €38,401 | +€19,579 | +104% |
| Remuneration and social security | 454/9 | €4,169 | €68 | -€4,101 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,888 | +€2,888 | |
| Other operating charges | 640/8 | - | €257 | +€257 | |
| Gross operating margin | 9900 | €46,227 | €130,755 | +€84,528 | +183% |
| Operating profit (loss) | 9901 | €46,227 | €127,610 | +€81,383 | +176% |
| Financial charges | 65/66B | €38 | €54 | +€16 | +43.7% |
| Recurring financial charges | 65 | €38 | €54 | +€16 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €46,189 | €127,556 | +€81,367 | +176% |
| Income taxes | 67/77 | €9,238 | €27,562 | +€18,324 | +198% |
| Profit (loss) for the period | 9904 | €36,952 | €99,994 | +€63,043 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €36,952 | €99,994 | +€63,043 | +171% |
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.