GEM INVEST: 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 INVEST
Largest movements
- Cash -€4,712
down €4,712 (-33.1%), from €14,228 to €9,516
mainly Receivables within one year (-€2,018) and Net result for the year (-€1,817)
- Receivables within one year +€2,018
new in 2025: €2,018
- Profit (loss) carried forward -€1,817
down €1,817 (-39.7%), from -€4,580 to -€6,397
- Gross operating margin +€2,592
up €2,592 (+78.8%), from -€3,288 to -€696
- Other operating charges -€143
down €143 (-12.9%), from €1,110 to €968
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 | €176,297 | €173,603 | -€2,694 | -1.5% |
| Fixed assets | 21/28 | €162,069 | €162,069 | = | 0.0% |
| Financial fixed assets | 28 | €162,069 | €162,069 | = | 0.0% |
| Current assets | 29/58 | €14,228 | €11,534 | -€2,694 | -18.9% |
| Amounts receivable within one year | 40/41 | - | €2,018 | +€2,018 | |
| Other amounts receivable | 41 | - | €2,018 | +€2,018 | |
| Cash at bank and in hand | 54/58 | €14,228 | €9,516 | -€4,712 | -33.1% |
| Total equity and liabilities | 10/49 | €176,297 | €173,603 | -€2,694 | -1.5% |
| Equity | 10/15 | €175,420 | €173,603 | -€1,817 | -1.0% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,580 | -€6,397 | -€1,817 | -39.7% |
| Amounts payable | 17/49 | €877 | - | -€877 | |
| Amounts payable within one year | 42/48 | €877 | - | -€877 | |
| Trade debts | 44 | €877 | - | -€877 | |
| Suppliers | 440/4 | €877 | - | -€877 | |
| Other operating charges | 640/8 | €1,110 | €968 | -€143 | -12.9% |
| Gross operating margin | 9900 | -€3,288 | -€696 | +€2,592 | +78.8% |
| Operating profit (loss) | 9901 | -€4,398 | -€1,664 | +€2,734 | +62.2% |
| Financial charges | 65/66B | €182 | €153 | -€29 | -15.7% |
| Recurring financial charges | 65 | €182 | €153 | -€29 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,580 | -€1,817 | +€2,763 | +60.3% |
| Profit (loss) for the period | 9904 | -€4,580 | -€1,817 | +€2,763 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,580 | -€1,817 | +€2,763 | +60.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.