GeMi Commerce Consultancy: 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.
GeMi Commerce Consultancy
Largest movements
- Current investments -€356,709
no longer reported in 2025 (was €356,709)
- Cash +€16,406
up €16,406 (+25.0%), from €65,516 to €81,922
mainly Current investments (+€356,709) and Net result for the year (+€11,637)
- Receivables within one year +€11,334
up €11,334 (+273%), from €4,149 to €15,483
of which Trade receivables: +€14,103
- Reserves -€343,363
down €343,363 (-78.1%), from €439,900 to €96,538
- Other debts +€6,290
up €6,290 (+271%), from €2,323 to €8,613
- Tax, wage and social debts +€4,857
up €4,857 (+13,420%), from €36 to €4,893
- Gross operating margin +€75,604
up €75,604, from -€66,723 to €8,881
- Depreciation -€1,330
down €1,330 (-34.9%), from €3,809 to €2,479
- Financial charges +€1,094
up €1,094 (+36.9%), from €2,961 to €4,055
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 | €444,631 | €112,315 | -€332,316 | -74.7% |
| Fixed assets | 21/28 | €15,996 | €13,517 | -€2,479 | -15.5% |
| Tangible fixed assets | 22/27 | €15,996 | €13,517 | -€2,479 | -15.5% |
| Plant, machinery and equipment | 23 | €15,141 | €13,265 | -€1,876 | -12.4% |
| Furniture and vehicles | 24 | €697 | €252 | -€444 | -63.8% |
| Other tangible fixed assets | 26 | €158 | - | -€158 | |
| Current assets | 29/58 | €428,635 | €98,799 | -€329,837 | -77.0% |
| Amounts receivable within one year | 40/41 | €4,149 | €15,483 | +€11,334 | +273% |
| Trade receivables | 40 | - | €14,103 | +€14,103 | |
| Other amounts receivable | 41 | €4,149 | €1,381 | -€2,768 | -66.7% |
| Current investments | 50/53 | €356,709 | - | -€356,709 | |
| Cash at bank and in hand | 54/58 | €65,516 | €81,922 | +€16,406 | +25.0% |
| Deferred charges and accrued income | 490/1 | €2,261 | €1,393 | -€867 | -38.4% |
| Total equity and liabilities | 10/49 | €444,631 | €112,315 | -€332,316 | -74.7% |
| Equity | 10/15 | €441,900 | €98,538 | -€343,363 | -77.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €439,900 | €96,538 | -€343,363 | -78.1% |
| Distributable reserves | 133 | €439,900 | €96,538 | -€343,363 | -78.1% |
| Amounts payable | 17/49 | €2,731 | €13,778 | +€11,047 | +405% |
| Amounts payable within one year | 42/48 | €2,731 | €13,778 | +€11,047 | +405% |
| Financial debts | 43 | €66 | €45 | -€21 | -31.6% |
| Credit institutions | 430/8 | €66 | €45 | -€21 | -31.6% |
| Trade debts | 44 | €306 | €227 | -€79 | -25.7% |
| Suppliers | 440/4 | €306 | €227 | -€79 | -25.7% |
| Taxes, remuneration and social security | 45 | €36 | €4,893 | +€4,857 | +13,420% |
| Taxes | 450/3 | €36 | €4,893 | +€4,857 | +13,420% |
| Other amounts payable | 47/48 | €2,323 | €8,613 | +€6,290 | +271% |
| Non-recurring operating income | 76A | - | €1,327 | +€1,327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,809 | €2,479 | -€1,330 | -34.9% |
| Other operating charges | 640/8 | €1,292 | €717 | -€574 | -44.5% |
| Non-recurring operating charges | 66A | €5 | - | -€5 | |
| Gross operating margin | 9900 | -€66,723 | €8,881 | +€75,604 | |
| Operating profit (loss) | 9901 | -€71,829 | €5,684 | +€77,513 | |
| Financial income | 75/76B | €10,483 | €10,404 | -€78 | -0.7% |
| Recurring financial income | 75 | €10,483 | €10,404 | -€78 | -0.7% |
| Financial charges | 65/66B | €2,961 | €4,055 | +€1,094 | +36.9% |
| Recurring financial charges | 65 | €2,961 | €4,055 | +€1,094 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | -€64,307 | €12,033 | +€76,341 | |
| Income taxes | 67/77 | €345 | €396 | +€51 | +14.7% |
| Profit (loss) for the period | 9904 | -€64,652 | €11,637 | +€76,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,652 | €11,637 | +€76,290 |
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 16 October 2026 via checked.be.