GEMI GROUP: 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 GROUP
Largest movements
- Stocks and contracts +€64,148
up €64,148 (+105.5%), from €60,823 to €124,971
- Receivables within one year +€9,058
up €9,058 (+2010.1%), from €451 to €9,509
of which Trade receivables: +€6,787
- Cash +€1,600
up €1,600 (+87.4%), from €1,830 to €3,431
mainly Other debts (+€65,762) and Trade debts (+€44,832)
- Other debts +€65,762
up €65,762 (+211.3%), from €31,127 to €96,889
- Trade debts +€44,832
up €44,832 (+267.6%), from €16,750 to €61,582
- Profit (loss) carried forward -€35,074
down €35,074 (-223.2%), from -€15,713 to -€50,787
- Tax, wage and social debts -€3,776
down €3,776 (-28.2%), from €13,403 to €9,627
of which Remuneration and social security: -€3,273
- Contributions +€2,000
up €2,000 (+10.8%), from €18,600 to €20,600
- Turnover -€58,876
no longer reported in 2024 (was €58,876)
- Financial charges +€8,190
up €8,190 (+3312.4%), from €247 to €8,438
- Purchases and services +€8,112
up €8,112 (+12.3%), from €65,714 to €73,826
- Staff costs +€7,130
up €7,130 (+87.3%), from €8,165 to €15,294
- Gross operating margin -€3,440
down €3,440 (-50.3%), from -€6,838 to -€10,278
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,168 | €137,910 | +€73,743 | +114.9% |
| Fixed assets | 21/28 | €1,064 | - | -€1,064 | |
| Tangible fixed assets | 22/27 | €1,064 | - | -€1,064 | |
| Other tangible fixed assets | 26 | €1,064 | - | -€1,064 | |
| Current assets | 29/58 | €63,103 | €137,910 | +€74,807 | +118.5% |
| Stocks and contracts in progress | 3 | €60,823 | €124,971 | +€64,148 | +105.5% |
| Stocks | 30/36 | €60,823 | €124,971 | +€64,148 | +105.5% |
| Amounts receivable within one year | 40/41 | €451 | €9,509 | +€9,058 | +2010.1% |
| Trade receivables | 40 | - | €6,787 | +€6,787 | |
| Other amounts receivable | 41 | €451 | €2,721 | +€2,271 | +503.9% |
| Cash at bank and in hand | 54/58 | €1,830 | €3,431 | +€1,600 | +87.4% |
| Total equity and liabilities | 10/49 | €64,168 | €137,910 | +€73,743 | +114.9% |
| Equity | 10/15 | €2,887 | -€30,187 | -€33,074 | |
| Contributions | 10/11 | €18,600 | €20,600 | +€2,000 | +10.8% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€15,713 | -€50,787 | -€35,074 | -223.2% |
| Amounts payable | 17/49 | €61,280 | €168,097 | +€106,817 | +174.3% |
| Amounts payable within one year | 42/48 | €61,280 | €168,097 | +€106,817 | +174.3% |
| Trade debts | 44 | €16,750 | €61,582 | +€44,832 | +267.6% |
| Suppliers | 440/4 | €16,750 | €61,582 | +€44,832 | +267.6% |
| Taxes, remuneration and social security | 45 | €13,403 | €9,627 | -€3,776 | -28.2% |
| Taxes | 450/3 | €1,255 | €752 | -€503 | -40.1% |
| Remuneration and social security | 454/9 | €12,148 | €8,875 | -€3,273 | -26.9% |
| Other amounts payable | 47/48 | €31,127 | €96,889 | +€65,762 | +211.3% |
| Turnover | 70 | €58,876 | - | -€58,876 | |
| Goods, raw materials, services and sundry goods | 60/61 | €65,714 | €73,826 | +€8,112 | +12.3% |
| Remuneration, social security and pensions | 62 | €8,165 | €15,294 | +€7,130 | +87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,143 | €1,064 | -€79 | -6.9% |
| Other operating charges | 640/8 | €216 | - | -€216 | |
| Gross operating margin | 9900 | -€6,838 | -€10,278 | -€3,440 | -50.3% |
| Operating profit (loss) | 9901 | -€16,362 | -€26,637 | -€10,275 | -62.8% |
| Financial charges | 65/66B | €247 | €8,438 | +€8,190 | +3312.4% |
| Recurring financial charges | 65 | €247 | €8,438 | +€8,190 | +3312.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,609 | -€35,074 | -€18,465 | -111.2% |
| Profit (loss) for the period | 9904 | -€16,609 | -€35,074 | -€18,465 | -111.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,609 | -€35,074 | -€18,465 | -111.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.