GeMa-con: 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-con
Largest movements
- Tangible fixed assets -€12,487
down €12,487 (-48.0%), from €26,013 to €13,526
of which Furniture and vehicles: -€12,137
- Cash -€7,599
down €7,599 (-25.0%), from €30,343 to €22,743
mainly Contributions, distributions and other (-€97,836) and Other debts (-€17,240)
- Current investments -€5,000
down €5,000 (-5.9%), from €85,000 to €80,000
- Other debts -€17,240
down €17,240 (-17.2%), from €100,000 to €82,760
- Profit (loss) carried forward -€8,124
down €8,124 (-28.7%), from €28,316 to €20,192
No income-statement line moved by more than 1% of the activity.
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 | €160,138 | €135,523 | -€24,615 | -15.4% |
| Fixed assets | 21/28 | €26,013 | €13,526 | -€12,487 | -48.0% |
| Tangible fixed assets | 22/27 | €26,013 | €13,526 | -€12,487 | -48.0% |
| Plant, machinery and equipment | 23 | €1,651 | €1,301 | -€350 | -21.2% |
| Furniture and vehicles | 24 | €24,362 | €12,225 | -€12,137 | -49.8% |
| Current assets | 29/58 | €134,125 | €121,997 | -€12,128 | -9.0% |
| Amounts receivable within one year | 40/41 | €18,236 | €19,064 | +€828 | +4.5% |
| Trade receivables | 40 | €16,860 | €17,440 | +€580 | +3.4% |
| Other amounts receivable | 41 | €1,376 | €1,624 | +€248 | +18.0% |
| Current investments | 50/53 | €85,000 | €80,000 | -€5,000 | -5.9% |
| Cash at bank and in hand | 54/58 | €30,343 | €22,743 | -€7,599 | -25.0% |
| Deferred charges and accrued income | 490/1 | €546 | €190 | -€356 | -65.2% |
| Total equity and liabilities | 10/49 | €160,138 | €135,523 | -€24,615 | -15.4% |
| Equity | 10/15 | €48,776 | €40,652 | -€8,124 | -16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,316 | €20,192 | -€8,124 | -28.7% |
| Amounts payable | 17/49 | €111,362 | €94,872 | -€16,490 | -14.8% |
| Amounts payable within one year | 42/48 | €111,362 | €94,872 | -€16,490 | -14.8% |
| Trade debts | 44 | €156 | €733 | +€577 | +370.1% |
| Suppliers | 440/4 | €156 | €733 | +€577 | +370.1% |
| Taxes, remuneration and social security | 45 | €11,206 | €11,378 | +€172 | +1.5% |
| Taxes | 450/3 | €11,206 | €11,378 | +€172 | +1.5% |
| Other amounts payable | 47/48 | €100,000 | €82,760 | -€17,240 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,151 | €12,487 | +€336 | +2.8% |
| Other operating charges | 640/8 | €1,357 | €1,181 | -€177 | -13.0% |
| Gross operating margin | 9900 | €126,393 | €127,082 | +€688 | +0.5% |
| Operating profit (loss) | 9901 | €112,885 | €113,414 | +€529 | +0.5% |
| Financial income | 75/76B | €2,317 | €1,693 | -€624 | -26.9% |
| Recurring financial income | 75 | €2,317 | €1,693 | -€624 | -26.9% |
| Financial charges | 65/66B | €126 | €136 | +€10 | +7.8% |
| Recurring financial charges | 65 | €126 | €136 | +€10 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €115,076 | €114,971 | -€105 | -0.1% |
| Income taxes | 67/77 | €25,231 | €25,260 | +€28 | +0.1% |
| Profit (loss) for the period | 9904 | €89,845 | €89,712 | -€133 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,845 | €89,712 | -€133 | -0.1% |
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 7 October 2026 via checked.be.