Gemako Invest: what changed
What changed
Gemako Invest
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€44,416
2023 · €1.2m-€1.3m
Equity
€769,285
2023 · €818,912-€49,627
Cash
€101,621
2023 · €79,178+€22,443
Balance sheet total
€1.1m
2023 · €3.1m-€2.0m
Largest movements
Assets
- Financial fixed assets -€2.3m
down €2.3m (-100%), from €2.3m to €0
- Intangible fixed assets +€999,770
new in 2024: €999,770
- Receivables within one year -€755,655
down €755,655 (-99.8%), from €757,415 to €1,760
of which Other amounts receivable: -€755,655
Equity and liabilities
- Other debts -€2.2m
down €2.2m (-100%), from €2.2m to €0
- Profit (loss) carried forward -€1.1m
down €1.1m, from €800,312 to -€276,270
- Reserves +€1.0m
new in 2024: €1.0m
- Provisions +€323,479
new in 2024: €323,479
- Tax, wage and social debts -€67,901
down €67,901 (-100%), from €67,901 to €0
Income statement
- Gross operating margin -€752,828
down €752,828, from €707,898 to -€44,930
- Financial income -€578,096
down €578,096 (-99.3%), from €582,374 to €4,278
- Financial charges -€78,653
down €78,653 (-99.3%), from €79,216 to €563
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€1.2m
Gross operating margin
-€752,828
Other operating charges
-€1,498
Financial income
-€578,096
Financial charges
+€78,653
Other financial items
-€1
Taxes
+€93
Result 2024
-€44,416
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.2m
Investment
+€1.3m
Financing
-€5,211
Cash 2023
€79,178
From operations (derived)
-€1.2m
Net result for the year
-€44,416
Receivables within one year
+€755,655
Provisions
+€323,479
Trade debts
+€7,104
Tax, wage and social debts
-€67,901
Other debts
-€2.2m
Accrued charges and deferred income
-€2,034
Investment (derived)
+€1.3m
Investment in fixed assets (net)
+€1.3m
Financing
-€5,211
Contributions, distributions and other
-€5,211
Not broken down
-€1
Cash 2024
€101,621
brings cash intakes cash outdifference in the filed balance sheets themselves
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,108,325 | €1,103,152 | -€2.0m | -64.5% |
| Fixed assets | 21/28 | €2,271,733 | €999,770 | -€1.3m | -56.0% |
| Intangible fixed assets | 21 | - | €999,770 | +€999,770 | |
| Financial fixed assets | 28 | €2,271,733 | €0 | -€2.3m | -100% |
| Current assets | 29/58 | €836,592 | €103,382 | -€733,210 | -87.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €757,415 | €1,760 | -€755,655 | -99.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €757,415 | €1,760 | -€755,655 | -99.8% |
| Cash at bank and in hand | 54/58 | €79,178 | €101,621 | +€22,443 | +28.3% |
| Total equity and liabilities | 10/49 | €3,108,325 | €1,103,152 | -€2.0m | -64.5% |
| Equity | 10/15 | €818,912 | €769,285 | -€49,627 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €1,026,955 | +€1.0m | |
| Tax-exempt reserves | 132 | - | €1,026,955 | +€1.0m | |
| Profit (loss) carried forward | 14 | €800,312 | -€276,270 | -€1.1m | |
| Provisions and deferred taxes | 16 | - | €323,479 | +€323,479 | |
| Deferred taxes | 168 | - | €323,479 | +€323,479 | |
| Amounts payable | 17/49 | €2,289,413 | €10,388 | -€2.3m | -99.5% |
| Amounts payable within one year | 42/48 | €2,287,379 | €10,388 | -€2.3m | -99.5% |
| Trade debts | 44 | €3,284 | €10,388 | +€7,104 | +216% |
| Suppliers | 440/4 | €3,284 | €10,388 | +€7,104 | +216% |
| Taxes, remuneration and social security | 45 | €67,901 | €0 | -€67,901 | -100% |
| Taxes | 450/3 | €67,901 | €0 | -€67,901 | -100% |
| Other amounts payable | 47/48 | €2,216,194 | €0 | -€2.2m | -100% |
| Accrued charges and deferred income | 492/3 | €2,034 | €0 | -€2,034 | -100% |
| Other operating charges | 640/8 | €1,702 | €3,200 | +€1,498 | +88.0% |
| Gross operating margin | 9900 | €707,898 | -€44,930 | -€752,828 | |
| Operating profit (loss) | 9901 | €706,196 | -€48,130 | -€754,326 | |
| Financial income | 75/76B | €582,374 | €4,278 | -€578,096 | -99.3% |
| Recurring financial income | 75 | €582,374 | €4,278 | -€578,096 | -99.3% |
| Financial charges | 65/66B | €79,216 | €563 | -€78,653 | -99.3% |
| Recurring financial charges | 65 | €79,216 | €563 | -€78,653 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €1,209,354 | -€44,416 | -€1.3m | |
| Income taxes | 67/77 | €93 | €0 | -€93 | -100% |
| Profit (loss) for the period | 9904 | €1,209,261 | -€44,416 | -€1.3m | |
| Transfer to tax-exempt reserves | 689 | - | €1,026,955 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,209,261 | -€1,071,371 | -€2.3m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.