GEMIKA: 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.
GEMIKA
Largest movements
- Receivables within one year +€39,071
up €39,071 (+25.8%), from €151,250 to €190,321
of which Other amounts receivable: +€37,498
- Tangible fixed assets -€34,401
down €34,401 (-28.8%), from €119,355 to €84,954
of which Furniture and vehicles: -€31,662
- Cash +€3,376
up €3,376 (+40.5%), from €8,332 to €11,708
mainly Depreciation (+€34,401) and Net result for the year (+€24,527)
- Reserves +€9,396
up €9,396 (+5.7%), from €164,507 to €173,904
of which Distributable reserves: +€9,396
- Tax, wage and social debts -€9,080
down €9,080 (-15.2%), from €59,735 to €50,655
- Trade debts +€5,845
up €5,845 (+115%), from €5,071 to €10,916
- Taxes +€3,641
up €3,641 (+20.4%), from €17,840 to €21,480
- Gross operating margin -€2,174
down €2,174 (-2.8%), from €78,541 to €76,367
- Financial income +€1,600
up €1,600 (+27.5%), from €5,822 to €7,422
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 | €278,938 | €286,984 | +€8,046 | +2.9% |
| Fixed assets | 21/28 | €119,355 | €84,954 | -€34,401 | -28.8% |
| Tangible fixed assets | 22/27 | €119,355 | €84,954 | -€34,401 | -28.8% |
| Land and buildings | 22 | €6,496 | €5,804 | -€692 | -10.6% |
| Plant, machinery and equipment | 23 | €3,752 | €1,704 | -€2,048 | -54.6% |
| Furniture and vehicles | 24 | €109,108 | €77,446 | -€31,662 | -29.0% |
| Current assets | 29/58 | €159,583 | €202,030 | +€42,447 | +26.6% |
| Amounts receivable within one year | 40/41 | €151,250 | €190,321 | +€39,071 | +25.8% |
| Trade receivables | 40 | €12,048 | €13,621 | +€1,573 | +13.1% |
| Other amounts receivable | 41 | €139,203 | €176,701 | +€37,498 | +26.9% |
| Cash at bank and in hand | 54/58 | €8,332 | €11,708 | +€3,376 | +40.5% |
| Total equity and liabilities | 10/49 | €278,938 | €286,984 | +€8,046 | +2.9% |
| Equity | 10/15 | €182,507 | €191,904 | +€9,396 | +5.1% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €164,507 | €173,904 | +€9,396 | +5.7% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €164,407 | €173,804 | +€9,396 | +5.7% |
| Amounts payable | 17/49 | €96,430 | €95,080 | -€1,351 | -1.4% |
| Amounts payable within one year | 42/48 | €96,430 | €95,080 | -€1,351 | -1.4% |
| Trade debts | 44 | €5,071 | €10,916 | +€5,845 | +115% |
| Suppliers | 440/4 | €5,071 | €10,916 | +€5,845 | +115% |
| Taxes, remuneration and social security | 45 | €59,735 | €50,655 | -€9,080 | -15.2% |
| Taxes | 450/3 | €59,735 | €50,655 | -€9,080 | -15.2% |
| Other amounts payable | 47/48 | €31,624 | €33,509 | +€1,884 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,017 | €34,401 | +€384 | +1.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €78,541 | €76,367 | -€2,174 | -2.8% |
| Operating profit (loss) | 9901 | €44,019 | €41,446 | -€2,573 | -5.8% |
| Financial income | 75/76B | €5,822 | €7,422 | +€1,600 | +27.5% |
| Recurring financial income | 75 | €5,822 | €7,422 | +€1,600 | +27.5% |
| Financial charges | 65/66B | €3,016 | €2,861 | -€155 | -5.2% |
| Recurring financial charges | 65 | €3,016 | €2,861 | -€155 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €46,825 | €46,007 | -€818 | -1.7% |
| Income taxes | 67/77 | €17,840 | €21,480 | +€3,641 | +20.4% |
| Profit (loss) for the period | 9904 | €28,985 | €24,527 | -€4,458 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,985 | €24,527 | -€4,458 | -15.4% |
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 26 October 2026 via checked.be.