GEMAPRO: 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.
GEMAPRO
Largest movements
- Tangible fixed assets -€41,007
down €41,007 (-4.4%), from €926,658 to €885,651
of which Land and buildings: -€30,470
- Stocks and contracts +€28,105
up €28,105 (+51.9%), from €54,101 to €82,206
- Profit (loss) carried forward -€112,013
down €112,013 (-7.7%), from -€1.5m to -€1.6m
- Other debts +€88,951
up €88,951 (+9.1%), from €974,621 to €1.1m
- Depreciation +€5,325
up €5,325 (+7.9%), from €67,443 to €72,768
- Other operating charges -€2,259
down €2,259 (-17.5%), from €12,919 to €10,659
- Gross operating margin -€1,660
down €1,660 (-6.2%), from -€26,812 to -€28,472
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 | €1,010,287 | €997,223 | -€13,064 | -1.3% |
| Fixed assets | 21/28 | €932,931 | €888,972 | -€43,959 | -4.7% |
| Intangible fixed assets | 21 | €6,273 | €3,321 | -€2,952 | -47.1% |
| Tangible fixed assets | 22/27 | €926,658 | €885,651 | -€41,007 | -4.4% |
| Land and buildings | 22 | €890,546 | €860,076 | -€30,470 | -3.4% |
| Plant, machinery and equipment | 23 | €5,767 | €4,485 | -€1,281 | -22.2% |
| Furniture and vehicles | 24 | €30,346 | €21,090 | -€9,256 | -30.5% |
| Current assets | 29/58 | €77,356 | €108,251 | +€30,895 | +39.9% |
| Stocks and contracts in progress | 3 | €54,101 | €82,206 | +€28,105 | +51.9% |
| Stocks | 30/36 | €54,101 | €82,206 | +€28,105 | +51.9% |
| Amounts receivable within one year | 40/41 | €8,528 | €4,571 | -€3,957 | -46.4% |
| Trade receivables | 40 | €8,528 | €4,571 | -€3,957 | -46.4% |
| Cash at bank and in hand | 54/58 | €8,365 | €18,256 | +€9,891 | +118.3% |
| Deferred charges and accrued income | 490/1 | €6,362 | €3,218 | -€3,144 | -49.4% |
| Total equity and liabilities | 10/49 | €1,010,287 | €997,223 | -€13,064 | -1.3% |
| Equity | 10/15 | €21,720 | -€90,294 | -€112,013 | |
| Contributions | 10/11 | €970,000 | €970,000 | = | 0.0% |
| Reserves | 13 | €502,500 | €502,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €500,500 | €500,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,450,780 | -€1,562,794 | -€112,013 | -7.7% |
| Amounts payable | 17/49 | €988,567 | €1,087,517 | +€98,950 | +10.0% |
| Amounts payable within one year | 42/48 | €988,567 | €1,087,517 | +€98,950 | +10.0% |
| Trade debts | 44 | €12,214 | €20,873 | +€8,659 | +70.9% |
| Suppliers | 440/4 | €12,214 | €20,873 | +€8,659 | +70.9% |
| Taxes, remuneration and social security | 45 | €1,731 | €3,072 | +€1,341 | +77.4% |
| Taxes | 450/3 | €1,731 | €3,072 | +€1,341 | +77.4% |
| Other amounts payable | 47/48 | €974,621 | €1,063,572 | +€88,951 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,443 | €72,768 | +€5,325 | +7.9% |
| Other operating charges | 640/8 | €12,919 | €10,659 | -€2,259 | -17.5% |
| Gross operating margin | 9900 | -€26,812 | -€28,472 | -€1,660 | -6.2% |
| Operating profit (loss) | 9901 | -€107,174 | -€111,900 | -€4,726 | -4.4% |
| Financial income | 75/76B | €2 | €1 | -€2 | -74.6% |
| Recurring financial income | 75 | €2 | €1 | -€2 | -74.6% |
| Financial charges | 65/66B | €187 | €114 | -€73 | -38.9% |
| Recurring financial charges | 65 | €187 | €114 | -€73 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€107,358 | -€112,013 | -€4,655 | -4.3% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€107,358 | -€112,013 | -€4,655 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€107,358 | -€112,013 | -€4,655 | -4.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.