GEMABO: 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.
GEMABO
Largest movements
- Cash +€326,513
up €326,513 (+694.0%), from €47,051 to €373,564
mainly Current investments (+€250,000) and Depreciation (+€74,616)
- Current investments -€250,000
down €250,000 (-71.4%), from €350,000 to €100,000
- Deferred charges and accrued income -€71,174
down €71,174 (-14.8%), from €480,562 to €409,388
- Tangible fixed assets -€62,213
down €62,213 (-8.5%), from €734,913 to €672,700
of which Land and buildings: -€50,926
- Receivables within one year -€48,282
down €48,282 (-49.1%), from €98,275 to €49,993
of which Trade receivables: -€24,526
- Debts after one year -€117,000
down €117,000 (-8.7%), from €1.3m to €1.2m
- Depreciation -€5,385
down €5,385 (-6.7%), from €80,000 to €74,616
- Financial income +€2,356
up €2,356 (+24.5%), from €9,600 to €11,956
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 | €1,710,802 | €1,605,646 | -€105,156 | -6.1% |
| Fixed assets | 21/28 | €734,913 | €672,700 | -€62,213 | -8.5% |
| Tangible fixed assets | 22/27 | €734,913 | €672,700 | -€62,213 | -8.5% |
| Land and buildings | 22 | €637,007 | €586,081 | -€50,926 | -8.0% |
| Plant, machinery and equipment | 23 | €97,907 | €86,619 | -€11,287 | -11.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €975,888 | €932,945 | -€42,943 | -4.4% |
| Amounts receivable within one year | 40/41 | €98,275 | €49,993 | -€48,282 | -49.1% |
| Trade receivables | 40 | €24,526 | €0 | -€24,526 | -100.0% |
| Other amounts receivable | 41 | €73,749 | €49,993 | -€23,755 | -32.2% |
| Current investments | 50/53 | €350,000 | €100,000 | -€250,000 | -71.4% |
| Cash at bank and in hand | 54/58 | €47,051 | €373,564 | +€326,513 | +694.0% |
| Deferred charges and accrued income | 490/1 | €480,562 | €409,388 | -€71,174 | -14.8% |
| Total equity and liabilities | 10/49 | €1,710,802 | €1,605,646 | -€105,156 | -6.1% |
| Equity | 10/15 | €214,190 | €225,024 | +€10,834 | +5.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €184,100 | €194,930 | +€10,830 | +5.9% |
| Distributable reserves | 133 | €184,100 | €194,930 | +€10,830 | +5.9% |
| Profit (loss) carried forward | 14 | €90 | €94 | +€4 | +4.4% |
| Amounts payable | 17/49 | €1,496,612 | €1,380,622 | -€115,990 | -7.8% |
| Amounts payable after more than one year | 17 | €1,345,500 | €1,228,500 | -€117,000 | -8.7% |
| Financial debts | 170/4 | €1,345,500 | €1,228,500 | -€117,000 | -8.7% |
| Amounts payable within one year | 42/48 | €151,112 | €152,122 | +€1,010 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €106,800 | €106,800 | = | 0.0% |
| Trade debts | 44 | €976 | €86 | -€890 | -91.2% |
| Suppliers | 440/4 | €976 | €86 | -€890 | -91.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €43,336 | €45,236 | +€1,900 | +4.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,000 | €74,616 | -€5,385 | -6.7% |
| Other operating charges | 640/8 | €18,009 | €18,636 | +€627 | +3.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €218,451 | €218,426 | -€25 | 0.0% |
| Operating profit (loss) | 9901 | €120,441 | €125,174 | +€4,733 | +3.9% |
| Financial income | 75/76B | €9,600 | €11,956 | +€2,356 | +24.5% |
| Recurring financial income | 75 | €9,600 | €11,956 | +€2,356 | +24.5% |
| Financial charges | 65/66B | €119,935 | €121,654 | +€1,719 | +1.4% |
| Recurring financial charges | 65 | €119,935 | €121,654 | +€1,719 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €10,106 | €15,476 | +€5,370 | +53.1% |
| Income taxes | 67/77 | €3,256 | €4,642 | +€1,386 | +42.6% |
| Profit (loss) for the period | 9904 | €6,850 | €10,834 | +€3,984 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,850 | €10,834 | +€3,984 | +58.2% |
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 2 October 2026 via checked.be.