Gemeni: what changed
Gemeni
Largest movements
- Cash -€12,777
down €12,777 (-83.7%), from €15,271 to €2,494
mainly Debts after one year (-€13,063) and Investment in fixed assets (net) (-€11,973)
- Financial fixed assets +€10,000
up €10,000 (+1,176%), from €850 to €10,850
- Tangible fixed assets -€4,531
down €4,531 (-28.6%), from €15,861 to €11,331
of which Furniture and vehicles: -€6,008
- Deferred charges and accrued income +€2,936
new in 2025: €2,936
- Receivables within one year -€1,726
down €1,726 (-9.9%), from €17,429 to €15,702
of which Other amounts receivable: -€1,664
- Debts after one year -€13,063
down €13,063 (-57.5%), from €22,703 to €9,640
- Trade debts +€2,696
up €2,696 (+119%), from €2,266 to €4,962
- Reserves +€2,669
up €2,669 (+22.2%), from €12,038 to €14,707
- Current portion of long-term debt +€1,415
up €1,415 (+29.4%), from €4,821 to €6,236
- Tax, wage and social debts +€1,317
up €1,317 (+31.7%), from €4,161 to €5,478
- Gross operating margin +€5,661
up €5,661 (+71.9%), from €7,871 to €13,532
- Taxes +€2,102
up €2,102 (+336%), from €625 to €2,727
- Depreciation +€1,670
up €1,670 (+34.6%), from €4,833 to €6,503
- Other operating charges -€514
down €514 (-60.9%), from €845 to €331
- Financial charges -€459
down €459 (-32.7%), from €1,404 to €945
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,410 | €43,312 | -€6,099 | -12.3% |
| Fixed assets | 21/28 | €16,711 | €22,181 | +€5,469 | +32.7% |
| Tangible fixed assets | 22/27 | €15,861 | €11,331 | -€4,531 | -28.6% |
| Furniture and vehicles | 24 | €15,861 | €9,853 | -€6,008 | -37.9% |
| Other tangible fixed assets | 26 | - | €1,478 | +€1,478 | |
| Financial fixed assets | 28 | €850 | €10,850 | +€10,000 | +1,176% |
| Current assets | 29/58 | €32,699 | €21,131 | -€11,568 | -35.4% |
| Amounts receivable within one year | 40/41 | €17,429 | €15,702 | -€1,726 | -9.9% |
| Trade receivables | 40 | €62 | - | -€62 | |
| Other amounts receivable | 41 | €17,366 | €15,702 | -€1,664 | -9.6% |
| Cash at bank and in hand | 54/58 | €15,271 | €2,494 | -€12,777 | -83.7% |
| Deferred charges and accrued income | 490/1 | - | €2,936 | +€2,936 | |
| Total equity and liabilities | 10/49 | €49,410 | €43,312 | -€6,099 | -12.3% |
| Equity | 10/15 | €12,138 | €14,807 | +€2,669 | +22.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €12,038 | €14,707 | +€2,669 | +22.2% |
| Distributable reserves | 133 | €12,038 | €14,707 | +€2,669 | +22.2% |
| Amounts payable | 17/49 | €37,272 | €28,505 | -€8,768 | -23.5% |
| Amounts payable after more than one year | 17 | €22,703 | €9,640 | -€13,063 | -57.5% |
| Financial debts | 170/4 | €22,703 | €9,640 | -€13,063 | -57.5% |
| Amounts payable within one year | 42/48 | €14,569 | €18,864 | +€4,295 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €4,821 | €6,236 | +€1,415 | +29.4% |
| Financial debts | 43 | €2,356 | €1,147 | -€1,209 | -51.3% |
| Credit institutions | 430/8 | €2,356 | €1,147 | -€1,209 | -51.3% |
| Trade debts | 44 | €2,266 | €4,962 | +€2,696 | +119% |
| Suppliers | 440/4 | €2,266 | €4,962 | +€2,696 | +119% |
| Taxes, remuneration and social security | 45 | €4,161 | €5,478 | +€1,317 | +31.7% |
| Taxes | 450/3 | €4,161 | €5,478 | +€1,317 | +31.7% |
| Other amounts payable | 47/48 | €965 | €1,041 | +€76 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,833 | €6,503 | +€1,670 | +34.6% |
| Other operating charges | 640/8 | €845 | €331 | -€514 | -60.9% |
| Gross operating margin | 9900 | €7,871 | €13,532 | +€5,661 | +71.9% |
| Operating profit (loss) | 9901 | €2,193 | €6,699 | +€4,505 | +205% |
| Financial income | 75/76B | €801 | €684 | -€117 | -14.6% |
| Recurring financial income | 75 | €801 | €684 | -€117 | -14.6% |
| Financial charges | 65/66B | €1,404 | €945 | -€459 | -32.7% |
| Recurring financial charges | 65 | €1,404 | €945 | -€459 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €1,591 | €6,438 | +€4,847 | +305% |
| Income taxes | 67/77 | €625 | €2,727 | +€2,102 | +336% |
| Profit (loss) for the period | 9904 | €965 | €3,710 | +€2,745 | +284% |
| Profit (loss) for the period to be appropriated | 9905 | €965 | €3,710 | +€2,745 | +284% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.