GEMAXOS: 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.
GEMAXOS
Largest movements
- Tangible fixed assets -€26,555
down €26,555 (-5.9%), from €447,241 to €420,686
of which Land and buildings: -€22,369
- Debts after one year -€26,184
down €26,184 (-7.1%), from €370,627 to €344,443
- Depreciation -€1,395
down €1,395 (-5.0%), from €27,950 to €26,555
- Gross operating margin +€811
up €811 (+2.2%), from €37,075 to €37,886
- Financial charges -€618
down €618 (-6.2%), from €9,905 to €9,287
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 | €449,787 | €424,160 | -€25,627 | -5.7% |
| Fixed assets | 21/28 | €447,241 | €420,686 | -€26,555 | -5.9% |
| Tangible fixed assets | 22/27 | €447,241 | €420,686 | -€26,555 | -5.9% |
| Land and buildings | 22 | €425,965 | €403,596 | -€22,369 | -5.3% |
| Plant, machinery and equipment | 23 | €21,276 | €17,090 | -€4,187 | -19.7% |
| Current assets | 29/58 | €2,546 | €3,474 | +€928 | +36.5% |
| Cash at bank and in hand | 54/58 | €2,309 | €3,234 | +€925 | +40.0% |
| Deferred charges and accrued income | 490/1 | €237 | €240 | +€4 | +1.5% |
| Total equity and liabilities | 10/49 | €449,787 | €424,160 | -€25,627 | -5.7% |
| Equity | 10/15 | -€43,800 | -€45,711 | -€1,911 | -4.4% |
| Contributions | 10/11 | €90,111 | €90,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,910 | -€135,822 | -€1,911 | -1.4% |
| Amounts payable | 17/49 | €493,587 | €469,871 | -€23,715 | -4.8% |
| Amounts payable after more than one year | 17 | €370,627 | €344,443 | -€26,184 | -7.1% |
| Financial debts | 170/4 | €370,627 | €344,443 | -€26,184 | -7.1% |
| Amounts payable within one year | 42/48 | €122,959 | €124,498 | +€1,539 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €25,571 | €26,184 | +€613 | +2.4% |
| Trade debts | 44 | €3,844 | €3,955 | +€111 | +2.9% |
| Suppliers | 440/4 | €3,844 | €3,955 | +€111 | +2.9% |
| Other amounts payable | 47/48 | €93,544 | €94,358 | +€815 | +0.9% |
| Accrued charges and deferred income | 492/3 | - | €930 | +€930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,950 | €26,555 | -€1,395 | -5.0% |
| Other operating charges | 640/8 | €3,905 | €3,955 | +€50 | +1.3% |
| Gross operating margin | 9900 | €37,075 | €37,886 | +€811 | +2.2% |
| Operating profit (loss) | 9901 | €5,220 | €7,376 | +€2,156 | +41.3% |
| Financial charges | 65/66B | €9,905 | €9,287 | -€618 | -6.2% |
| Recurring financial charges | 65 | €9,905 | €9,287 | -€618 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,685 | -€1,911 | +€2,774 | +59.2% |
| Profit (loss) for the period | 9904 | -€4,685 | -€1,911 | +€2,774 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,685 | -€1,911 | +€2,774 | +59.2% |
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 4 October 2026 via checked.be.