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 -€2,232
down €2,232 (-4.0%), from €56,062 to €53,830
of which Other tangible fixed assets: -€5,074
- Other debts +€8,000
new in 2025: €8,000
- Tax, wage and social debts -€4,491
down €4,491 (-50.7%), from €8,862 to €4,371
of which Remuneration and social security: -€2,795
- Trade debts -€2,720
down €2,720 (-21.1%), from €12,915 to €10,196
- Reserves -€2,655
down €2,655 (-4.6%), from €57,338 to €54,683
- Staff costs +€5,864
up €5,864 (+20.9%), from €28,082 to €33,945
- Depreciation +€4,955
up €4,955 (+67.0%), from €7,392 to €12,348
- Taxes -€4,783
down €4,783 (-66.4%), from €7,201 to €2,418
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 | €86,042 | €84,177 | -€1,865 | -2.2% |
| Fixed assets | 21/28 | €56,197 | €53,965 | -€2,232 | -4.0% |
| Tangible fixed assets | 22/27 | €56,062 | €53,830 | -€2,232 | -4.0% |
| Plant, machinery and equipment | 23 | €5,667 | €769 | -€4,898 | -86.4% |
| Furniture and vehicles | 24 | €2,063 | €9,803 | +€7,740 | +375.3% |
| Other tangible fixed assets | 26 | €48,333 | €43,259 | -€5,074 | -10.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €29,845 | €30,212 | +€367 | +1.2% |
| Amounts receivable within one year | 40/41 | €3,351 | €4,054 | +€704 | +21.0% |
| Trade receivables | 40 | €1,814 | - | -€1,814 | |
| Other amounts receivable | 41 | €1,537 | €4,054 | +€2,518 | +163.8% |
| Cash at bank and in hand | 54/58 | €25,902 | €25,910 | +€9 | 0.0% |
| Deferred charges and accrued income | 490/1 | €593 | €247 | -€345 | -58.3% |
| Total equity and liabilities | 10/49 | €86,042 | €84,177 | -€1,865 | -2.2% |
| Equity | 10/15 | €64,265 | €61,610 | -€2,655 | -4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,338 | €54,683 | -€2,655 | -4.6% |
| Distributable reserves | 133 | €57,338 | €54,683 | -€2,655 | -4.6% |
| Profit (loss) carried forward | 14 | €727 | €727 | = | 0.0% |
| Amounts payable | 17/49 | €21,777 | €22,567 | +€790 | +3.6% |
| Amounts payable within one year | 42/48 | €21,777 | €22,567 | +€790 | +3.6% |
| Trade debts | 44 | €12,915 | €10,196 | -€2,720 | -21.1% |
| Suppliers | 440/4 | €12,915 | €10,196 | -€2,720 | -21.1% |
| Taxes, remuneration and social security | 45 | €8,862 | €4,371 | -€4,491 | -50.7% |
| Taxes | 450/3 | €2,431 | €736 | -€1,696 | -69.7% |
| Remuneration and social security | 454/9 | €6,431 | €3,636 | -€2,795 | -43.5% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | €28,082 | €33,945 | +€5,864 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,392 | €12,348 | +€4,955 | +67.0% |
| Other operating charges | 640/8 | €934 | €852 | -€82 | -8.8% |
| Gross operating margin | 9900 | €56,607 | €57,063 | +€456 | +0.8% |
| Operating profit (loss) | 9901 | €20,199 | €9,919 | -€10,280 | -50.9% |
| Financial income | 75/76B | €105 | €181 | +€75 | +71.4% |
| Recurring financial income | 75 | €105 | €181 | +€75 | +71.4% |
| Financial charges | 65/66B | €1,824 | €2,336 | +€511 | +28.0% |
| Recurring financial charges | 65 | €1,824 | €2,336 | +€511 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €18,480 | €7,763 | -€10,717 | -58.0% |
| Income taxes | 67/77 | €7,201 | €2,418 | -€4,783 | -66.4% |
| Profit (loss) for the period | 9904 | €11,279 | €5,345 | -€5,933 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,279 | €5,345 | -€5,933 | -52.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.