GEMAPEX AGENTUREN: what changed
Two financial 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.
GEMAPEX AGENTUREN
Largest movements
- Cash -€280,361
down €280,361 (-77.1%), from €363,778 to €83,418
mainly Receivables after one year (-€200,000) and Short-term financial debts (-€69,318)
- Receivables after one year +€200,000
new in 2025: €200,000
- Receivables within one year +€4,623
up €4,623 (+22.4%), from €20,609 to €25,232
of which Trade receivables: +€3,265
- Tangible fixed assets -€4,539
down €4,539 (-39.2%), from €11,578 to €7,039
of which Furniture and vehicles: -€4,286
- Short-term financial debts -€69,318
down €69,318 (-99.0%), from €70,000 to €682
of which Credit institutions: -€70,000
- Trade debts -€10,774
down €10,774 (-82.1%), from €13,117 to €2,343
- Gross operating margin -€137,622
down €137,622 (-87.4%), from €157,412 to €19,790
- Taxes -€49,400
down €49,400 (-90.3%), from €54,711 to €5,311
- Other operating charges -€5,382
down €5,382 (-83.7%), from €6,430 to €1,047
- Financial income +€4,027
up €4,027, from €0 to €4,027
- Depreciation -€2,622
down €2,622 (-36.6%), from €7,162 to €4,539
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.
Derived cash bridge
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 | €396,609 | €316,990 | -€79,619 | -20.1% |
| Fixed assets | 21/28 | €11,578 | €7,039 | -€4,539 | -39.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €11,578 | €7,039 | -€4,539 | -39.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €471 | €217 | -€253 | -53.8% |
| Furniture and vehicles | 24 | €11,108 | €6,822 | -€4,286 | -38.6% |
| Current assets | 29/58 | €385,031 | €309,951 | -€75,080 | -19.5% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €20,609 | €25,232 | +€4,623 | +22.4% |
| Trade receivables | 40 | €2,617 | €5,882 | +€3,265 | +125% |
| Other amounts receivable | 41 | €17,992 | €19,350 | +€1,358 | +7.5% |
| Cash at bank and in hand | 54/58 | €363,778 | €83,418 | -€280,361 | -77.1% |
| Deferred charges and accrued income | 490/1 | €643 | €1,301 | +€658 | +102% |
| Total equity and liabilities | 10/49 | €396,609 | €316,990 | -€79,619 | -20.1% |
| Equity | 10/15 | €288,001 | €290,306 | +€2,305 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,401 | €271,706 | +€2,305 | +0.9% |
| Non-distributable reserves | 130/1 | €3,966 | €3,966 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,966 | €3,966 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €265,434 | €267,740 | +€2,305 | +0.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €108,608 | €26,684 | -€81,925 | -75.4% |
| Amounts payable after more than one year | 17 | €16,133 | €12,672 | -€3,461 | -21.5% |
| Financial debts | 170/4 | €16,133 | €12,672 | -€3,461 | -21.5% |
| Amounts payable within one year | 42/48 | €92,476 | €14,012 | -€78,464 | -84.8% |
| Current portion of amounts payable after more than one year | 42 | €3,392 | €3,461 | +€68 | +2.0% |
| Financial debts | 43 | €70,000 | €682 | -€69,318 | -99.0% |
| Credit institutions | 430/8 | €70,000 | €0 | -€70,000 | -100% |
| Other loans | 439 | - | €682 | +€682 | |
| Trade debts | 44 | €13,117 | €2,343 | -€10,774 | -82.1% |
| Suppliers | 440/4 | €13,117 | €2,343 | -€10,774 | -82.1% |
| Taxes, remuneration and social security | 45 | €5,645 | €5,786 | +€141 | +2.5% |
| Taxes | 450/3 | €5,645 | €5,786 | +€141 | +2.5% |
| Other amounts payable | 47/48 | €321 | €1,740 | +€1,419 | +442% |
| Non-recurring operating income | 76A | €182,505 | €0 | -€182,505 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,162 | €4,539 | -€2,622 | -36.6% |
| Other operating charges | 640/8 | €6,430 | €1,047 | -€5,382 | -83.7% |
| Non-recurring operating charges | 66A | €46,174 | €8,029 | -€38,144 | -82.6% |
| Gross operating margin | 9900 | €157,412 | €19,790 | -€137,622 | -87.4% |
| Operating profit (loss) | 9901 | €97,648 | €6,174 | -€91,474 | -93.7% |
| Financial income | 75/76B | €0 | €4,027 | +€4,027 | |
| Recurring financial income | 75 | €0 | €4,027 | +€4,027 | |
| Financial charges | 65/66B | €1,270 | €2,585 | +€1,315 | +104% |
| Recurring financial charges | 65 | €1,270 | €2,585 | +€1,315 | +104% |
| Profit (loss) for the period before taxes | 9903 | €96,378 | €7,616 | -€88,761 | -92.1% |
| Transfer from deferred taxes | 780 | €9,971 | €0 | -€9,971 | -100% |
| Income taxes | 67/77 | €54,711 | €5,311 | -€49,400 | -90.3% |
| Profit (loss) for the period | 9904 | €51,638 | €2,305 | -€49,333 | -95.5% |
| Transfer from tax-exempt reserves | 789 | €29,914 | €0 | -€29,914 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €81,552 | €2,305 | -€79,246 | -97.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.