Gem Trade Services: 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 Trade Services
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+218%), from €764,064 to €2.4m
of which Trade receivables: +€1.7m
- Cash +€37,715
up €37,715 (+171%), from €22,116 to €59,831
mainly Trade debts (+€1.7m) and Net result for the year (+€15,982)
- Trade debts +€1.7m
up €1.7m (+222%), from €758,803 to €2.4m
- Services and other goods -€35,878
down €35,878 (-30.1%), from €119,072 to €83,194
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 | €786,181 | €2,490,014 | +€1.7m | +217% |
| Current assets | 29/58 | €786,181 | €2,490,014 | +€1.7m | +217% |
| Amounts receivable within one year | 40/41 | €764,064 | €2,429,864 | +€1.7m | +218% |
| Trade receivables | 40 | €759,432 | €2,427,080 | +€1.7m | +220% |
| Other amounts receivable | 41 | €4,633 | €2,784 | -€1,849 | -39.9% |
| Cash at bank and in hand | 54/58 | €22,116 | €59,831 | +€37,715 | +171% |
| Deferred charges and accrued income | 490/1 | - | €320 | +€320 | |
| Total equity and liabilities | 10/49 | €786,181 | €2,490,014 | +€1.7m | +217% |
| Equity | 10/15 | €26,021 | €42,002 | +€15,982 | +61.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €469 | €469 | = | 0.0% |
| Non-distributable reserves | 130/1 | €469 | €469 | = | 0.0% |
| Reserves not available under the articles | 1311 | €469 | €469 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,952 | €22,933 | +€15,982 | +230% |
| Amounts payable | 17/49 | €760,160 | €2,448,012 | +€1.7m | +222% |
| Amounts payable within one year | 42/48 | €759,753 | €2,448,012 | +€1.7m | +222% |
| Trade debts | 44 | €758,803 | €2,442,022 | +€1.7m | +222% |
| Suppliers | 440/4 | €758,803 | €2,442,022 | +€1.7m | +222% |
| Taxes, remuneration and social security | 45 | €950 | €5,990 | +€5,040 | +531% |
| Taxes | 450/3 | €950 | €5,990 | +€5,040 | +531% |
| Accrued charges and deferred income | 492/3 | €407 | - | -€407 | |
| Operating income | 70/76A | €122,534 | €108,481 | -€14,053 | -11.5% |
| Other operating income | 74 | €122,534 | €108,481 | -€14,053 | -11.5% |
| Operating charges | 60/66A | €119,938 | €84,614 | -€35,324 | -29.5% |
| Services and other goods | 61 | €119,072 | €83,194 | -€35,878 | -30.1% |
| Other operating charges | 640/8 | €866 | €1,420 | +€554 | +64.0% |
| Operating profit (loss) | 9901 | €2,596 | €23,867 | +€21,270 | +819% |
| Financial income | 75/76B | €7,815 | €0 | -€7,814 | -100.0% |
| Recurring financial income | 75 | €7,815 | €0 | -€7,814 | -100.0% |
| Other financial income | 752/9 | €7,815 | €0 | -€7,814 | -100.0% |
| Financial charges | 65/66B | €465 | €1,891 | +€1,426 | +306% |
| Recurring financial charges | 65 | €465 | €1,891 | +€1,426 | +306% |
| Other financial charges | 652/9 | €465 | €1,891 | +€1,426 | +306% |
| Profit (loss) for the period before taxes | 9903 | €9,946 | €21,976 | +€12,031 | +121% |
| Income taxes | 67/77 | €950 | €5,995 | +€5,045 | +531% |
| Taxes | 670/3 | €950 | €5,995 | +€5,045 | +531% |
| Profit (loss) for the period | 9904 | €8,996 | €15,982 | +€6,986 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,996 | €15,982 | +€6,986 | +77.7% |
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 23 October 2026 via checked.be.