GEMAFLOR: 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.
GEMAFLOR
Largest movements
- Cash -€67,216
down €67,216 (-52.6%), from €127,870 to €60,654
mainly Investment in fixed assets (net) (-€140,805) and Debts after one year (-€106,333)
- Receivables within one year -€35,528
down €35,528 (-56.8%), from €62,541 to €27,013
of which Trade receivables: -€38,773
- Tangible fixed assets +€25,902
up €25,902 (+1.8%), from €1.5m to €1.5m
of which Furniture and vehicles: +€27,977
- Deferred charges and accrued income +€25,090
up €25,090 (+248.0%), from €10,116 to €35,206
- Debts after one year -€106,333
down €106,333 (-13.9%), from €766,179 to €659,846
- Reserves +€98,403
up €98,403 (+11.8%), from €832,758 to €931,161
- Current portion of long-term debt -€23,333
down €23,333 (-22.9%), from €101,718 to €78,385
- Gross operating margin +€23,517
up €23,517 (+5.6%), from €416,494 to €440,011
- Depreciation +€20,001
up €20,001 (+21.1%), from €94,902 to €114,903
- Taxes +€5,710
up €5,710 (+18.6%), from €30,698 to €36,407
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 | €1,877,136 | €1,840,553 | -€36,583 | -1.9% |
| Fixed assets | 21/28 | €1,477,482 | €1,503,384 | +€25,902 | +1.8% |
| Tangible fixed assets | 22/27 | €1,477,267 | €1,503,169 | +€25,902 | +1.8% |
| Land and buildings | 22 | €1,115,973 | €1,136,698 | +€20,725 | +1.9% |
| Plant, machinery and equipment | 23 | €356,559 | €333,759 | -€22,800 | -6.4% |
| Furniture and vehicles | 24 | €4,735 | €32,712 | +€27,977 | +590.9% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €399,654 | €337,169 | -€62,485 | -15.6% |
| Stocks and contracts in progress | 3 | €199,128 | €214,297 | +€15,169 | +7.6% |
| Stocks | 30/36 | €199,128 | €214,297 | +€15,169 | +7.6% |
| Amounts receivable within one year | 40/41 | €62,541 | €27,013 | -€35,528 | -56.8% |
| Trade receivables | 40 | €62,541 | €23,768 | -€38,773 | -62.0% |
| Other amounts receivable | 41 | €0 | €3,244 | +€3,244 | |
| Cash at bank and in hand | 54/58 | €127,870 | €60,654 | -€67,216 | -52.6% |
| Deferred charges and accrued income | 490/1 | €10,116 | €35,206 | +€25,090 | +248.0% |
| Total equity and liabilities | 10/49 | €1,877,136 | €1,840,553 | -€36,583 | -1.9% |
| Equity | 10/15 | €925,915 | €1,024,317 | +€98,403 | +10.6% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €832,758 | €931,161 | +€98,403 | +11.8% |
| Distributable reserves | 133 | €832,758 | €931,161 | +€98,403 | +11.8% |
| Profit (loss) carried forward | 14 | €156 | €156 | = | 0.0% |
| Amounts payable | 17/49 | €951,221 | €816,236 | -€134,986 | -14.2% |
| Amounts payable after more than one year | 17 | €766,179 | €659,846 | -€106,333 | -13.9% |
| Financial debts | 170/4 | €766,179 | €659,846 | -€106,333 | -13.9% |
| Amounts payable within one year | 42/48 | €172,680 | €145,790 | -€26,890 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €101,718 | €78,385 | -€23,333 | -22.9% |
| Trade debts | 44 | €23,486 | €30,994 | +€7,508 | +32.0% |
| Suppliers | 440/4 | €23,486 | €30,994 | +€7,508 | +32.0% |
| Taxes, remuneration and social security | 45 | €43,907 | €32,695 | -€11,212 | -25.5% |
| Taxes | 450/3 | €32,294 | €18,550 | -€13,744 | -42.6% |
| Remuneration and social security | 454/9 | €11,613 | €14,145 | +€2,532 | +21.8% |
| Other amounts payable | 47/48 | €3,570 | €3,717 | +€146 | +4.1% |
| Accrued charges and deferred income | 492/3 | €12,362 | €10,600 | -€1,762 | -14.3% |
| Non-recurring operating income | 76A | - | €3,719 | +€3,719 | |
| Remuneration, social security and pensions | 62 | €133,307 | €130,272 | -€3,035 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,902 | €114,903 | +€20,001 | +21.1% |
| Other operating charges | 640/8 | €31,478 | €33,280 | +€1,802 | +5.7% |
| Gross operating margin | 9900 | €416,494 | €440,011 | +€23,517 | +5.6% |
| Operating profit (loss) | 9901 | €156,808 | €161,557 | +€4,749 | +3.0% |
| Financial income | 75/76B | €2,999 | €2,507 | -€492 | -16.4% |
| Recurring financial income | 75 | €2,999 | €2,507 | -€492 | -16.4% |
| Financial charges | 65/66B | €30,461 | €27,588 | -€2,873 | -9.4% |
| Recurring financial charges | 65 | €30,461 | €27,588 | -€2,873 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €129,346 | €136,476 | +€7,130 | +5.5% |
| Income taxes | 67/77 | €30,698 | €36,407 | +€5,710 | +18.6% |
| Profit (loss) for the period | 9904 | €98,648 | €100,069 | +€1,420 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,648 | €100,069 | +€1,420 | +1.4% |
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 7 October 2026 via checked.be.