GEMILO: 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.
GEMILO
Largest movements
- Tangible fixed assets -€83,472
down €83,472 (-6.0%), from €1.4m to €1.3m
of which Land and buildings: -€82,941
- Stocks and contracts +€27,583
up €27,583 (+31.0%), from €89,056 to €116,640
- Trade debts -€109,104
down €109,104 (-73.4%), from €148,700 to €39,596
- Current portion of long-term debt +€105,594
up €105,594 (+298%), from €35,448 to €141,042
- Debts after one year -€92,308
down €92,308 (-38.6%), from €238,889 to €146,581
- Other debts +€45,000
new in 2024: €45,000
- Gross operating margin -€55,205
down €55,205 (-13.1%), from €420,176 to €364,971
- Financial charges +€28,868
up €28,868 (+701%), from €4,120 to €32,988
- Staff costs -€19,604
down €19,604 (-8.5%), from €231,877 to €212,274
- Provisions +€7,331
up €7,331 (+63.0%), from -€11,630 to -€4,299
- Depreciation +€4,230
up €4,230 (+4.0%), from €105,747 to €109,977
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,548,441 | €1,498,530 | -€49,911 | -3.2% |
| Fixed assets | 21/28 | €1,402,647 | €1,319,175 | -€83,472 | -6.0% |
| Tangible fixed assets | 22/27 | €1,402,647 | €1,319,175 | -€83,472 | -6.0% |
| Land and buildings | 22 | €1,337,268 | €1,254,327 | -€82,941 | -6.2% |
| Plant, machinery and equipment | 23 | €40,403 | €47,221 | +€6,819 | +16.9% |
| Furniture and vehicles | 24 | €24,976 | €17,626 | -€7,350 | -29.4% |
| Current assets | 29/58 | €145,794 | €179,355 | +€33,561 | +23.0% |
| Stocks and contracts in progress | 3 | €89,056 | €116,640 | +€27,583 | +31.0% |
| Stocks | 30/36 | €89,056 | €116,640 | +€27,583 | +31.0% |
| Amounts receivable within one year | 40/41 | €54,535 | €62,716 | +€8,181 | +15.0% |
| Trade receivables | 40 | €15,620 | €15,606 | -€13 | -0.1% |
| Other amounts receivable | 41 | €38,915 | €47,109 | +€8,194 | +21.1% |
| Deferred charges and accrued income | 490/1 | €2,203 | - | -€2,203 | |
| Total equity and liabilities | 10/49 | €1,548,441 | €1,498,530 | -€49,911 | -3.2% |
| Equity | 10/15 | €1,026,327 | €1,027,120 | +€794 | +0.1% |
| Contributions | 10/11 | €664,170 | €664,170 | = | 0.0% |
| Capital | 10 | €664,170 | €664,170 | = | 0.0% |
| Issued capital | 100 | €664,170 | €664,170 | = | 0.0% |
| Reserves | 13 | €362,157 | €362,950 | +€794 | +0.2% |
| Non-distributable reserves | 130/1 | €38,378 | €38,378 | = | 0.0% |
| Legal reserve | 130 | €38,378 | €38,378 | = | 0.0% |
| Distributable reserves | 133 | €323,778 | €324,572 | +€794 | +0.2% |
| Provisions and deferred taxes | 16 | €14,520 | €10,221 | -€4,299 | -29.6% |
| Provisions for liabilities and charges | 160/5 | €14,520 | €10,221 | -€4,299 | -29.6% |
| Environmental obligations | 163 | €14,520 | €10,221 | -€4,299 | -29.6% |
| Amounts payable | 17/49 | €507,595 | €461,189 | -€46,406 | -9.1% |
| Amounts payable after more than one year | 17 | €238,889 | €146,581 | -€92,308 | -38.6% |
| Financial debts | 170/4 | €238,889 | €146,581 | -€92,308 | -38.6% |
| Amounts payable within one year | 42/48 | €268,705 | €314,608 | +€45,902 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €35,448 | €141,042 | +€105,594 | +298% |
| Financial debts | 43 | €70,881 | €80,784 | +€9,903 | +14.0% |
| Credit institutions | 430/8 | €70,881 | €80,784 | +€9,903 | +14.0% |
| Trade debts | 44 | €148,700 | €39,596 | -€109,104 | -73.4% |
| Suppliers | 440/4 | €148,700 | €39,596 | -€109,104 | -73.4% |
| Taxes, remuneration and social security | 45 | €13,676 | €8,186 | -€5,490 | -40.1% |
| Taxes | 450/3 | €13,676 | €8,186 | -€5,490 | -40.1% |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Remuneration, social security and pensions | 62 | €231,877 | €212,274 | -€19,604 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,747 | €109,977 | +€4,230 | +4.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€11,630 | -€4,299 | +€7,331 | +63.0% |
| Other operating charges | 640/8 | €15,112 | €13,636 | -€1,475 | -9.8% |
| Gross operating margin | 9900 | €420,176 | €364,971 | -€55,205 | -13.1% |
| Operating profit (loss) | 9901 | €79,070 | €33,382 | -€45,688 | -57.8% |
| Financial income | 75/76B | €4 | €400 | +€395 | +9,670% |
| Recurring financial income | 75 | €4 | €400 | +€395 | +9,670% |
| Financial charges | 65/66B | €4,120 | €32,988 | +€28,868 | +701% |
| Recurring financial charges | 65 | €4,120 | €32,988 | +€28,868 | +701% |
| Profit (loss) for the period before taxes | 9903 | €74,954 | €794 | -€74,160 | -98.9% |
| Profit (loss) for the period | 9904 | €74,954 | €794 | -€74,160 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,954 | €794 | -€74,160 | -98.9% |
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 22 October 2026 via checked.be.