GEMAX ENGINEERING: 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.
GEMAX ENGINEERING
Largest movements
- Cash +€116,555
up €116,555 (+94.5%), from €123,276 to €239,831
mainly Net result for the year (+€46,235) and Depreciation (+€42,133)
- Tangible fixed assets -€42,133
down €42,133 (-4.9%), from €853,808 to €811,675
of which Furniture and vehicles: -€21,328
- Deferred charges and accrued income -€16,614
down €16,614 (-26.6%), from €62,370 to €45,756
- Reserves +€44,191
up €44,191 (+7.6%), from €581,159 to €625,350
of which Non-distributable reserves: +€55,000
- Other operating charges -€24,769
down €24,769 (-87.1%), from €28,423 to €3,654
- Gross operating margin -€14,503
down €14,503 (-10.1%), from €142,976 to €128,473
- Financial charges +€10,390
up €10,390 (+43.6%), from €23,814 to €34,204
- Taxes +€2,792
up €2,792 (+87.3%), from €3,200 to €5,992
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,195,161 | €1,241,300 | +€46,139 | +3.9% |
| Fixed assets | 21/28 | €854,203 | €812,070 | -€42,133 | -4.9% |
| Tangible fixed assets | 22/27 | €853,808 | €811,675 | -€42,133 | -4.9% |
| Land and buildings | 22 | €812,498 | €791,693 | -€20,805 | -2.6% |
| Furniture and vehicles | 24 | €41,310 | €19,982 | -€21,328 | -51.6% |
| Financial fixed assets | 28 | €395 | €395 | = | 0.0% |
| Current assets | 29/58 | €340,958 | €429,230 | +€88,272 | +25.9% |
| Amounts receivable within one year | 40/41 | €53,749 | €42,080 | -€11,669 | -21.7% |
| Trade receivables | 40 | €53,749 | €42,080 | -€11,669 | -21.7% |
| Current investments | 50/53 | €101,563 | €101,563 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €123,276 | €239,831 | +€116,555 | +94.5% |
| Deferred charges and accrued income | 490/1 | €62,370 | €45,756 | -€16,614 | -26.6% |
| Total equity and liabilities | 10/49 | €1,195,161 | €1,241,300 | +€46,139 | +3.9% |
| Equity | 10/15 | €600,031 | €644,600 | +€44,569 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €581,159 | €625,350 | +€44,191 | +7.6% |
| Non-distributable reserves | 130/1 | €266,250 | €321,250 | +€55,000 | +20.7% |
| Other | 1319 | €266,250 | €321,250 | +€55,000 | +20.7% |
| Tax-exempt reserves | 132 | €312,220 | €301,411 | -€10,809 | -3.5% |
| Distributable reserves | 133 | €2,689 | €2,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272 | €650 | +€378 | +139.0% |
| Provisions and deferred taxes | 16 | €104,073 | €100,470 | -€3,603 | -3.5% |
| Deferred taxes | 168 | €104,073 | €100,470 | -€3,603 | -3.5% |
| Amounts payable | 17/49 | €491,057 | €496,230 | +€5,173 | +1.1% |
| Amounts payable within one year | 42/48 | €463,574 | €458,354 | -€5,220 | -1.1% |
| Trade debts | 44 | €8,435 | €5,990 | -€2,445 | -29.0% |
| Suppliers | 440/4 | €8,435 | €5,990 | -€2,445 | -29.0% |
| Taxes, remuneration and social security | 45 | €27,910 | €28,067 | +€157 | +0.6% |
| Taxes | 450/3 | €27,910 | €28,067 | +€157 | +0.6% |
| Other amounts payable | 47/48 | €427,229 | €424,297 | -€2,932 | -0.7% |
| Accrued charges and deferred income | 492/3 | €27,483 | €37,876 | +€10,393 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,142 | €42,133 | +€991 | +2.4% |
| Other operating charges | 640/8 | €28,423 | €3,654 | -€24,769 | -87.1% |
| Gross operating margin | 9900 | €142,976 | €128,473 | -€14,503 | -10.1% |
| Operating profit (loss) | 9901 | €73,411 | €82,686 | +€9,275 | +12.6% |
| Financial income | 75/76B | €7 | €142 | +€135 | +1928.6% |
| Recurring financial income | 75 | €7 | €142 | +€135 | +1928.6% |
| Financial charges | 65/66B | €23,814 | €34,204 | +€10,390 | +43.6% |
| Recurring financial charges | 65 | €23,814 | €34,204 | +€10,390 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €49,604 | €48,624 | -€980 | -2.0% |
| Transfer from deferred taxes | 780 | €3,509 | €3,603 | +€94 | +2.7% |
| Income taxes | 67/77 | €3,200 | €5,992 | +€2,792 | +87.3% |
| Profit (loss) for the period | 9904 | €49,913 | €46,235 | -€3,678 | -7.4% |
| Transfer from tax-exempt reserves | 789 | €10,526 | €10,809 | +€283 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,439 | €57,044 | -€3,395 | -5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.