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
- Tangible fixed assets -€8,343
down €8,343 (-3.9%), from €216,280 to €207,937
- Receivables within one year +€7,090
up €7,090 (+109.8%), from €6,456 to €13,546
- Receivables after one year -€6,000
down €6,000 (-7.7%), from €78,000 to €72,000
- Reserves -€8,420
down €8,420 (-4.4%), from €189,945 to €181,525
- Depreciation -€4,777
down €4,777 (-35.5%), from €13,456 to €8,679
- Gross operating margin -€2,000
down €2,000 (-75.1%), from €2,662 to €662
- Financial income -€201
down €201 (-6.7%), from €3,011 to €2,811
- Other operating charges +€55
up €55 (+1.8%), from €3,130 to €3,185
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 | €354,117 | €349,351 | -€4,766 | -1.3% |
| Fixed assets | 21/28 | €216,280 | €207,937 | -€8,343 | -3.9% |
| Tangible fixed assets | 22/27 | €216,280 | €207,937 | -€8,343 | -3.9% |
| Land and buildings | 22 | €216,280 | €207,937 | -€8,343 | -3.9% |
| Current assets | 29/58 | €137,837 | €141,414 | +€3,577 | +2.6% |
| Amounts receivable after more than one year | 29 | €78,000 | €72,000 | -€6,000 | -7.7% |
| Other amounts receivable | 291 | €78,000 | €72,000 | -€6,000 | -7.7% |
| Amounts receivable within one year | 40/41 | €6,456 | €13,546 | +€7,090 | +109.8% |
| Other amounts receivable | 41 | €6,456 | €13,546 | +€7,090 | +109.8% |
| Cash at bank and in hand | 54/58 | €49,597 | €50,058 | +€460 | +0.9% |
| Deferred charges and accrued income | 490/1 | €3,783 | €5,811 | +€2,027 | +53.6% |
| Total equity and liabilities | 10/49 | €354,117 | €349,351 | -€4,766 | -1.3% |
| Equity | 10/15 | €281,673 | €273,253 | -€8,420 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €73,129 | €73,129 | = | 0.0% |
| Reserves | 13 | €189,945 | €181,525 | -€8,420 | -4.4% |
| Distributable reserves | 133 | €189,945 | €181,525 | -€8,420 | -4.4% |
| Amounts payable | 17/49 | €72,444 | €76,098 | +€3,654 | +5.0% |
| Amounts payable within one year | 42/48 | €69,414 | €75,519 | +€6,105 | +8.8% |
| Trade debts | 44 | €375 | €3,530 | +€3,155 | +841.1% |
| Suppliers | 440/4 | €375 | €3,530 | +€3,155 | +841.1% |
| Other amounts payable | 47/48 | €69,039 | €71,989 | +€2,950 | +4.3% |
| Accrued charges and deferred income | 492/3 | €3,029 | €579 | -€2,451 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,456 | €8,679 | -€4,777 | -35.5% |
| Other operating charges | 640/8 | €3,130 | €3,185 | +€55 | +1.8% |
| Gross operating margin | 9900 | €2,662 | €662 | -€2,000 | -75.1% |
| Operating profit (loss) | 9901 | -€13,923 | -€11,202 | +€2,721 | +19.5% |
| Financial income | 75/76B | €3,011 | €2,811 | -€201 | -6.7% |
| Recurring financial income | 75 | €3,011 | €2,811 | -€201 | -6.7% |
| Financial charges | 65/66B | €24 | €29 | +€5 | +18.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,936 | -€8,420 | +€2,516 | +23.0% |
| Profit (loss) for the period | 9904 | -€10,936 | -€8,420 | +€2,516 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,936 | -€8,420 | +€2,516 | +23.0% |
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 4 October 2026 via checked.be.