GEMA: what changed
Two fiscal 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.
GEMA
Largest movements
- Cash +€22,646
up €22,646 (+77.4%), from €29,270 to €51,916
mainly Net result for the year (+€23,234) and Tax, wage and social debts (+€8,215)
- Receivables within one year +€7,130
up €7,130 (+7.5%), from €94,717 to €101,847
of which Trade receivables: +€7,758
- Profit (loss) carried forward +€23,234
up €23,234 (+190.0%), from €12,228 to €35,462
- Tax, wage and social debts +€8,215
up €8,215 (+16.3%), from €50,445 to €58,660
of which Taxes: +€21,658
- Gross operating margin +€29,602
up €29,602 (+9.3%), from €319,790 to €349,392
- Taxes +€7,947
up €7,947 (+192.0%), from €4,140 to €12,087
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 | €127,743 | €159,002 | +€31,259 | +24.5% |
| Current assets | 29/58 | €127,743 | €159,002 | +€31,259 | +24.5% |
| Amounts receivable within one year | 40/41 | €94,717 | €101,847 | +€7,130 | +7.5% |
| Trade receivables | 40 | €34,032 | €41,790 | +€7,758 | +22.8% |
| Other amounts receivable | 41 | €60,685 | €60,057 | -€628 | -1.0% |
| Cash at bank and in hand | 54/58 | €29,270 | €51,916 | +€22,646 | +77.4% |
| Deferred charges and accrued income | 490/1 | €3,756 | €5,239 | +€1,483 | +39.5% |
| Total equity and liabilities | 10/49 | €127,743 | €159,002 | +€31,259 | +24.5% |
| Equity | 10/15 | €75,119 | €98,353 | +€23,234 | +30.9% |
| Contributions | 10/11 | €37,350 | €37,350 | = | 0.0% |
| Reserves | 13 | €25,541 | €25,541 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €20,803 | €20,803 | = | 0.0% |
| Distributable reserves | 133 | €4,738 | €4,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,228 | €35,462 | +€23,234 | +190.0% |
| Amounts payable | 17/49 | €52,624 | €60,649 | +€8,025 | +15.2% |
| Amounts payable within one year | 42/48 | €52,364 | €60,384 | +€8,020 | +15.3% |
| Trade debts | 44 | €1,919 | €1,724 | -€195 | -10.2% |
| Suppliers | 440/4 | €1,919 | €1,724 | -€195 | -10.2% |
| Taxes, remuneration and social security | 45 | €50,445 | €58,660 | +€8,215 | +16.3% |
| Taxes | 450/3 | €9,384 | €31,042 | +€21,658 | +230.8% |
| Remuneration and social security | 454/9 | €41,061 | €27,618 | -€13,443 | -32.7% |
| Accrued charges and deferred income | 492/3 | €260 | €265 | +€5 | +1.9% |
| Remuneration, social security and pensions | 62 | €317,000 | €316,301 | -€700 | -0.2% |
| Other operating charges | 640/8 | €586 | €518 | -€67 | -11.5% |
| Gross operating margin | 9900 | €319,790 | €349,392 | +€29,602 | +9.3% |
| Operating profit (loss) | 9901 | €2,204 | €32,573 | +€30,369 | +1377.8% |
| Financial income | 75/76B | €2,662 | €2,776 | +€114 | +4.3% |
| Recurring financial income | 75 | €2,662 | €2,776 | +€114 | +4.3% |
| Financial charges | 65/66B | €84 | €29 | -€56 | -66.2% |
| Recurring financial charges | 65 | €84 | €29 | -€56 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €4,782 | €35,321 | +€30,539 | +638.6% |
| Income taxes | 67/77 | €4,140 | €12,087 | +€7,947 | +192.0% |
| Profit (loss) for the period | 9904 | €642 | €23,234 | +€22,592 | +3517.4% |
| Profit (loss) for the period to be appropriated | 9905 | €642 | €23,234 | +€22,592 | +3517.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.