GEM IMPEX: 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 IMPEX
Largest movements
- Cash -€236,731
down €236,731 (-26.5%), from €892,899 to €656,168
mainly Current investments (-€191,489) and Net result for the year (-€76,816)
- Current investments +€191,489
new in 2025: €191,489
- Receivables within one year -€14,989
down €14,989 (-3.6%), from €419,247 to €404,258
of which Trade receivables: -€39,101
- Reserves -€76,816
down €76,816 (-5.4%), from €1.4m to €1.3m
- Gross operating margin -€91,905
down €91,905, from €34,464 to -€57,441
- Financial income +€5,899
up €5,899 (+71.5%), from €8,251 to €14,150
- Financial charges +€1,443
up €1,443 (+37.1%), from €3,894 to €5,337
- Staff costs -€1,080
down €1,080 (-8.2%), from €13,146 to €12,066
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.
Cash bridge derived
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 | €1,465,376 | €1,382,934 | -€82,442 | -5.6% |
| Fixed assets | 21/28 | €37,543 | €25,298 | -€12,244 | -32.6% |
| Tangible fixed assets | 22/27 | €33,543 | €23,298 | -€10,244 | -30.5% |
| Plant, machinery and equipment | 23 | €1,526 | €1,169 | -€358 | -23.4% |
| Furniture and vehicles | 24 | €32,016 | €22,130 | -€9,887 | -30.9% |
| Financial fixed assets | 28 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Current assets | 29/58 | €1,427,834 | €1,357,636 | -€70,197 | -4.9% |
| Stocks and contracts in progress | 3 | €114,899 | €105,645 | -€9,254 | -8.1% |
| Stocks | 30/36 | €114,899 | €105,645 | -€9,254 | -8.1% |
| Amounts receivable within one year | 40/41 | €419,247 | €404,258 | -€14,989 | -3.6% |
| Trade receivables | 40 | €393,247 | €354,146 | -€39,101 | -9.9% |
| Other amounts receivable | 41 | €26,000 | €50,112 | +€24,112 | +92.7% |
| Current investments | 50/53 | - | €191,489 | +€191,489 | |
| Cash at bank and in hand | 54/58 | €892,899 | €656,168 | -€236,731 | -26.5% |
| Deferred charges and accrued income | 490/1 | €788 | €76 | -€712 | -90.4% |
| Total equity and liabilities | 10/49 | €1,465,376 | €1,382,934 | -€82,442 | -5.6% |
| Equity | 10/15 | €1,428,253 | €1,351,437 | -€76,816 | -5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,409,661 | €1,332,845 | -€76,816 | -5.4% |
| Distributable reserves | 133 | €1,409,661 | €1,332,845 | -€76,816 | -5.4% |
| Amounts payable | 17/49 | €37,123 | €31,497 | -€5,626 | -15.2% |
| Amounts payable within one year | 42/48 | €37,123 | €31,497 | -€5,626 | -15.2% |
| Trade debts | 44 | €19,076 | €20,220 | +€1,145 | +6.0% |
| Suppliers | 440/4 | €19,076 | €20,220 | +€1,145 | +6.0% |
| Taxes, remuneration and social security | 45 | €7,514 | €11,277 | +€3,763 | +50.1% |
| Taxes | 450/3 | €5,810 | €9,501 | +€3,691 | +63.5% |
| Remuneration and social security | 454/9 | €1,705 | €1,776 | +€71 | +4.2% |
| Other amounts payable | 47/48 | €10,533 | - | -€10,533 | |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €13,146 | €12,066 | -€1,080 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,305 | €10,244 | -€61 | -0.6% |
| Other operating charges | 640/8 | €1,612 | €1,171 | -€440 | -27.3% |
| Gross operating margin | 9900 | €34,464 | -€57,441 | -€91,905 | |
| Operating profit (loss) | 9901 | €9,401 | -€80,923 | -€90,324 | |
| Financial income | 75/76B | €8,251 | €14,150 | +€5,899 | +71.5% |
| Recurring financial income | 75 | €8,251 | €14,150 | +€5,899 | +71.5% |
| Financial charges | 65/66B | €3,894 | €5,337 | +€1,443 | +37.1% |
| Recurring financial charges | 65 | €3,894 | €5,337 | +€1,443 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €13,758 | -€72,109 | -€85,867 | |
| Income taxes | 67/77 | €4,758 | €4,706 | -€51 | -1.1% |
| Profit (loss) for the period | 9904 | €9,000 | -€76,816 | -€85,816 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,000 | -€76,816 | -€85,816 |
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 12 October 2026 via checked.be.