GembaS: 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.
GembaS
Largest movements
- Receivables within one year +€86,396
up €86,396 (+522.3%), from €16,540 to €102,936
of which Other amounts receivable: +€102,932
- Cash -€30,836
down €30,836 (-24.1%), from €128,060 to €97,224
mainly Contributions, distributions and other (-€150,383) and Receivables within one year (-€86,396)
- Tangible fixed assets +€17,902
up €17,902 (+1245.2%), from €1,438 to €19,340
- Other debts +€133,139
up €133,139 (+4726.8%), from €2,817 to €135,956
- Reserves -€112,373
down €112,373 (-100.0%), from €112,373 to €0
- Profit (loss) carried forward +€21,355
up €21,355, from €0 to €21,355
- Debts after one year +€17,000
new in 2025: €17,000
- Tax, wage and social debts +€14,325
up €14,325 (+51.4%), from €27,864 to €42,189
- Depreciation +€3,555
up €3,555 (+1746.3%), from €204 to €3,759
- Gross operating margin +€2,458
up €2,458 (+3.2%), from €77,814 to €80,272
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 | €147,187 | €219,500 | +€72,313 | +49.1% |
| Fixed assets | 21/28 | €1,438 | €19,340 | +€17,902 | +1245.2% |
| Tangible fixed assets | 22/27 | €1,438 | €19,340 | +€17,902 | +1245.2% |
| Furniture and vehicles | 24 | €1,438 | €19,340 | +€17,902 | +1245.2% |
| Current assets | 29/58 | €145,749 | €200,160 | +€54,411 | +37.3% |
| Amounts receivable within one year | 40/41 | €16,540 | €102,936 | +€86,396 | +522.3% |
| Trade receivables | 40 | €16,536 | €0 | -€16,536 | -100.0% |
| Other amounts receivable | 41 | €4 | €102,936 | +€102,932 | +2673562.3% |
| Cash at bank and in hand | 54/58 | €128,060 | €97,224 | -€30,836 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,148 | €0 | -€1,148 | -100.0% |
| Total equity and liabilities | 10/49 | €147,187 | €219,500 | +€72,313 | +49.1% |
| Equity | 10/15 | €115,373 | €24,355 | -€91,018 | -78.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €112,373 | €0 | -€112,373 | -100.0% |
| Distributable reserves | 133 | €112,373 | €0 | -€112,373 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €21,355 | +€21,355 | |
| Amounts payable | 17/49 | €31,814 | €195,145 | +€163,331 | +513.4% |
| Amounts payable after more than one year | 17 | - | €17,000 | +€17,000 | |
| Financial debts | 170/4 | - | €17,000 | +€17,000 | |
| Amounts payable within one year | 42/48 | €31,814 | €178,145 | +€146,331 | +460.0% |
| Trade debts | 44 | €1,133 | - | -€1,133 | |
| Suppliers | 440/4 | €1,133 | - | -€1,133 | |
| Taxes, remuneration and social security | 45 | €27,864 | €42,189 | +€14,325 | +51.4% |
| Taxes | 450/3 | €27,864 | €42,189 | +€14,325 | +51.4% |
| Other amounts payable | 47/48 | €2,817 | €135,956 | +€133,139 | +4726.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | €3,759 | +€3,555 | +1746.3% |
| Other operating charges | 640/8 | €141 | €337 | +€197 | +139.9% |
| Gross operating margin | 9900 | €77,814 | €80,272 | +€2,458 | +3.2% |
| Operating profit (loss) | 9901 | €77,470 | €76,176 | -€1,294 | -1.7% |
| Financial income | 75/76B | €2 | €353 | +€351 | +19731.5% |
| Recurring financial income | 75 | €2 | €353 | +€351 | +19731.5% |
| Financial charges | 65/66B | €109 | €164 | +€55 | +50.5% |
| Recurring financial charges | 65 | €109 | €164 | +€55 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €77,363 | €76,365 | -€998 | -1.3% |
| Income taxes | 67/77 | €16,389 | €17,000 | +€611 | +3.7% |
| Profit (loss) for the period | 9904 | €60,974 | €59,365 | -€1,609 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,974 | €59,365 | -€1,609 | -2.6% |
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 2 October 2026 via checked.be.