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 -€12,671
down €12,671 (-13.3%), from €95,460 to €82,789
of which Land and buildings: -€12,671
- Cash -€8,812
down €8,812 (-85.3%), from €10,333 to €1,521
mainly Net result for the year (-€39,167) and Trade debts (-€11,733)
- Deferred charges and accrued income -€6,287
down €6,287 (-89.4%), from €7,029 to €742
- Current investments -€2,112
down €2,112 (-48.6%), from €4,348 to €2,236
- Profit (loss) carried forward -€39,167
down €39,167 (-17.2%), from -€227,876 to -€267,044
- Other debts +€21,218
up €21,218 (+13.2%), from €160,522 to €181,740
- Trade debts -€11,733
down €11,733 (-55.8%), from €21,016 to €9,284
- Gross operating margin -€9,786
down €9,786 (-66.7%), from -€14,677 to -€24,463
- Depreciation -€8,152
down €8,152 (-39.1%), from €20,822 to €12,671
- Other operating charges -€5,233
down €5,233 (-74.1%), from €7,066 to €1,833
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,423 | €104,542 | -€29,881 | -22.2% |
| Fixed assets | 21/28 | €96,572 | €83,902 | -€12,671 | -13.1% |
| Tangible fixed assets | 22/27 | €95,460 | €82,789 | -€12,671 | -13.3% |
| Land and buildings | 22 | €95,460 | €82,789 | -€12,671 | -13.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,113 | €1,113 | = | 0.0% |
| Current assets | 29/58 | €37,850 | €20,640 | -€17,210 | -45.5% |
| Amounts receivable within one year | 40/41 | €16,141 | €16,141 | = | 0.0% |
| Trade receivables | 40 | €16,141 | €16,141 | = | 0.0% |
| Current investments | 50/53 | €4,348 | €2,236 | -€2,112 | -48.6% |
| Cash at bank and in hand | 54/58 | €10,333 | €1,521 | -€8,812 | -85.3% |
| Deferred charges and accrued income | 490/1 | €7,029 | €742 | -€6,287 | -89.4% |
| Total equity and liabilities | 10/49 | €134,423 | €104,542 | -€29,881 | -22.2% |
| Equity | 10/15 | -€47,314 | -€86,482 | -€39,167 | -82.8% |
| Contributions | 10/11 | €90,853 | €90,853 | = | 0.0% |
| Capital | 10 | €90,853 | €90,853 | = | 0.0% |
| Issued capital | 100 | €90,853 | €90,853 | = | 0.0% |
| Reserves | 13 | €89,709 | €89,709 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,328 | €6,328 | = | 0.0% |
| Legal reserve | 130 | €6,328 | €6,328 | = | 0.0% |
| Distributable reserves | 133 | €83,382 | €83,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,876 | -€267,044 | -€39,167 | -17.2% |
| Amounts payable | 17/49 | €181,737 | €191,023 | +€9,287 | +5.1% |
| Amounts payable within one year | 42/48 | €181,737 | €191,023 | +€9,287 | +5.1% |
| Trade debts | 44 | €21,016 | €9,284 | -€11,733 | -55.8% |
| Suppliers | 440/4 | €21,016 | €9,284 | -€11,733 | -55.8% |
| Taxes, remuneration and social security | 45 | €198 | €0 | -€198 | -100.0% |
| Taxes | 450/3 | €198 | €0 | -€198 | -100.0% |
| Other amounts payable | 47/48 | €160,522 | €181,740 | +€21,218 | +13.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,822 | €12,671 | -€8,152 | -39.1% |
| Other operating charges | 640/8 | €7,066 | €1,833 | -€5,233 | -74.1% |
| Gross operating margin | 9900 | -€14,677 | -€24,463 | -€9,786 | -66.7% |
| Operating profit (loss) | 9901 | -€42,565 | -€38,966 | +€3,599 | +8.5% |
| Financial income | 75/76B | €13 | €23 | +€11 | +83.5% |
| Recurring financial income | 75 | €13 | €23 | +€11 | +83.5% |
| Financial charges | 65/66B | €393 | €224 | -€169 | -42.9% |
| Recurring financial charges | 65 | €393 | €224 | -€169 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,945 | -€39,167 | +€3,778 | +8.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€42,945 | -€39,167 | +€3,778 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,945 | -€39,167 | +€3,778 | +8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.