GEMETECH: 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.
GEMETECH
Largest movements
- Tangible fixed assets -€10,589
down €10,589 (-10.5%), from €101,206 to €90,617
of which Land and buildings: -€10,589
- Cash -€3,080
down €3,080 (-30.3%), from €10,175 to €7,095
mainly Current portion of long-term debt (-€8,003) and Net result for the year (-€6,060)
- Current portion of long-term debt -€8,003
no longer reported in 2025 (was €8,003)
- Profit (loss) carried forward -€6,060
down €6,060 (-24.5%), from €24,746 to €18,686
- Gross operating margin -€20,626
down €20,626 (-79.3%), from €26,007 to €5,381
- Turnover -€19,200
down €19,200 (-55.2%), from €34,800 to €15,600
- Financial income +€5,881
up €5,881 (+32672.2%), from €18 to €5,899
- Purchases and services +€1,426
up €1,426 (+16.2%), from €8,793 to €10,219
- Financial charges -€848
down €848 (-65.2%), from €1,300 to €452
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 | €113,606 | €99,873 | -€13,733 | -12.1% |
| Fixed assets | 21/28 | €101,206 | €90,617 | -€10,589 | -10.5% |
| Tangible fixed assets | 22/27 | €101,206 | €90,617 | -€10,589 | -10.5% |
| Land and buildings | 22 | €96,099 | €85,510 | -€10,589 | -11.0% |
| Furniture and vehicles | 24 | €5,107 | €5,107 | = | 0.0% |
| Current assets | 29/58 | €12,400 | €9,256 | -€3,144 | -25.4% |
| Amounts receivable within one year | 40/41 | €2,225 | €2,159 | -€66 | -3.0% |
| Trade receivables | 40 | €2,225 | €2,159 | -€66 | -3.0% |
| Cash at bank and in hand | 54/58 | €10,175 | €7,095 | -€3,080 | -30.3% |
| Deferred charges and accrued income | 490/1 | - | €2 | +€2 | |
| Total equity and liabilities | 10/49 | €113,606 | €99,873 | -€13,733 | -12.1% |
| Equity | 10/15 | €58,831 | €52,771 | -€6,060 | -10.3% |
| Contributions | 10/11 | €30,986 | €30,986 | = | 0.0% |
| Capital | 10 | €30,986 | €30,986 | = | 0.0% |
| Issued capital | 100 | €30,986 | €30,986 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,746 | €18,686 | -€6,060 | -24.5% |
| Amounts payable | 17/49 | €54,775 | €47,102 | -€7,673 | -14.0% |
| Amounts payable within one year | 42/48 | €54,775 | €47,102 | -€7,673 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €8,003 | - | -€8,003 | |
| Trade debts | 44 | €6,149 | €6,852 | +€703 | +11.4% |
| Suppliers | 440/4 | €6,149 | €6,852 | +€703 | +11.4% |
| Taxes, remuneration and social security | 45 | €4,579 | €3,782 | -€797 | -17.4% |
| Taxes | 450/3 | €4,579 | €3,782 | -€797 | -17.4% |
| Other amounts payable | 47/48 | €36,044 | €36,468 | +€424 | +1.2% |
| Turnover | 70 | €34,800 | €15,600 | -€19,200 | -55.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,793 | €10,219 | +€1,426 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,240 | €11,844 | -€396 | -3.2% |
| Other operating charges | 640/8 | €2,153 | €2,229 | +€76 | +3.5% |
| Gross operating margin | 9900 | €26,007 | €5,381 | -€20,626 | -79.3% |
| Operating profit (loss) | 9901 | €11,614 | -€8,692 | -€20,306 | |
| Financial income | 75/76B | €18 | €5,899 | +€5,881 | +32672.2% |
| Recurring financial income | 75 | €18 | €5,899 | +€5,881 | +32672.2% |
| Financial charges | 65/66B | €1,300 | €452 | -€848 | -65.2% |
| Recurring financial charges | 65 | €1,300 | €452 | -€848 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €10,332 | -€3,245 | -€13,577 | |
| Income taxes | 67/77 | €3,188 | €2,815 | -€373 | -11.7% |
| Profit (loss) for the period | 9904 | €7,144 | -€6,060 | -€13,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,144 | -€6,060 | -€13,204 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.