GEMEXMA: what changed
Two financial 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.
GEMEXMA
Largest movements
- Stocks and contracts -€878,821
down €878,821 (-42.5%), from €2.1m to €1.2m
- Cash +€58,129
up €58,129 (+707%), from €8,223 to €66,352
mainly Stocks and contracts (+€878,821) and Advances received (+€41,000)
- Tangible fixed assets -€38,361
down €38,361 (-13.2%), from €290,564 to €252,203
of which Leasing and similar rights: -€20,491
- Short-term financial debts -€309,764
down €309,764 (-56.2%), from €551,360 to €241,596
- Other debts -€301,322
down €301,322 (-45.2%), from €665,943 to €364,621
- Debts after one year -€162,310
down €162,310 (-22.9%), from €709,307 to €546,997
- Profit (loss) carried forward -€114,270
down €114,270 (-552%), from -€20,687 to -€134,957
- Advances received +€41,000
new in 2025: €41,000
- Gross operating margin -€81,276
down €81,276, from €66,605 to -€14,671
- Financial charges -€49,534
down €49,534 (-48.9%), from €101,362 to €51,827
- Taxes -€23,830
down €23,830 (-95.0%), from €25,096 to €1,266
- Depreciation +€2,541
up €2,541 (+7.1%), from €35,820 to €38,361
- Financial income +€1,051
up €1,051 (+1,715%), from €61 to €1,112
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.
Derived cash bridge
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 | €2,404,346 | €1,541,801 | -€862,545 | -35.9% |
| Fixed assets | 21/28 | €290,564 | €252,203 | -€38,361 | -13.2% |
| Tangible fixed assets | 22/27 | €290,564 | €252,203 | -€38,361 | -13.2% |
| Land and buildings | 22 | €159,828 | €149,657 | -€10,171 | -6.4% |
| Plant, machinery and equipment | 23 | €4,329 | €3,123 | -€1,206 | -27.9% |
| Furniture and vehicles | 24 | €11,280 | €4,786 | -€6,494 | -57.6% |
| Leasing and similar rights | 25 | €115,127 | €94,636 | -€20,491 | -17.8% |
| Current assets | 29/58 | €2,113,781 | €1,289,598 | -€824,184 | -39.0% |
| Stocks and contracts in progress | 3 | €2,069,213 | €1,190,392 | -€878,821 | -42.5% |
| Stocks | 30/36 | €2,069,213 | €1,190,392 | -€878,821 | -42.5% |
| Amounts receivable within one year | 40/41 | €27,993 | €17,156 | -€10,838 | -38.7% |
| Trade receivables | 40 | €17,013 | €17,156 | +€143 | +0.8% |
| Other amounts receivable | 41 | €10,980 | €0 | -€10,980 | -100% |
| Cash at bank and in hand | 54/58 | €8,223 | €66,352 | +€58,129 | +707% |
| Deferred charges and accrued income | 490/1 | €8,353 | €15,698 | +€7,345 | +87.9% |
| Total equity and liabilities | 10/49 | €2,404,346 | €1,541,801 | -€862,545 | -35.9% |
| Equity | 10/15 | €393,478 | €279,209 | -€114,270 | -29.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €114,165 | €114,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,498 | €1,498 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,498 | €1,498 | = | 0.0% |
| Distributable reserves | 133 | €112,667 | €112,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,687 | -€134,957 | -€114,270 | -552% |
| Amounts payable | 17/49 | €2,010,867 | €1,262,592 | -€748,275 | -37.2% |
| Amounts payable after more than one year | 17 | €709,307 | €546,997 | -€162,310 | -22.9% |
| Financial debts | 170/4 | €709,307 | €546,997 | -€162,310 | -22.9% |
| Amounts payable within one year | 42/48 | €1,301,561 | €715,595 | -€585,966 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €58,608 | €52,294 | -€6,314 | -10.8% |
| Financial debts | 43 | €551,360 | €241,596 | -€309,764 | -56.2% |
| Credit institutions | 430/8 | €551,360 | €241,596 | -€309,764 | -56.2% |
| Trade debts | 44 | €15,678 | €6,791 | -€8,887 | -56.7% |
| Suppliers | 440/4 | €15,678 | €6,791 | -€8,887 | -56.7% |
| Advances received on contracts in progress | 46 | - | €41,000 | +€41,000 | |
| Taxes, remuneration and social security | 45 | €9,972 | €9,293 | -€679 | -6.8% |
| Taxes | 450/3 | €9,972 | €9,293 | -€679 | -6.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €665,943 | €364,621 | -€301,322 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,820 | €38,361 | +€2,541 | +7.1% |
| Other operating charges | 640/8 | €9,980 | €9,256 | -€724 | -7.3% |
| Gross operating margin | 9900 | €66,605 | -€14,671 | -€81,276 | |
| Operating profit (loss) | 9901 | €20,805 | -€62,289 | -€83,094 | |
| Financial income | 75/76B | €61 | €1,112 | +€1,051 | +1,715% |
| Recurring financial income | 75 | €61 | €1,112 | +€1,051 | +1,715% |
| Financial charges | 65/66B | €101,362 | €51,827 | -€49,534 | -48.9% |
| Recurring financial charges | 65 | €101,362 | €51,827 | -€49,534 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | -€80,496 | -€113,004 | -€32,508 | -40.4% |
| Income taxes | 67/77 | €25,096 | €1,266 | -€23,830 | -95.0% |
| Profit (loss) for the period | 9904 | -€105,592 | -€114,270 | -€8,678 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,592 | -€114,270 | -€8,678 | -8.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.