GEMIMA: what changed
GEMIMA
Largest movements
- Cash -€215,278
down €215,278 (-97.1%), from €221,676 to €6,398
mainly Contributions, distributions and other (-€486,911) and Tax, wage and social debts (-€65,576)
- Receivables after one year -€90,000
down €90,000 (-100%), from €90,000 to €0
- Tangible fixed assets -€32,221
down €32,221 (-24.1%), from €133,599 to €101,379
of which Furniture and vehicles: -€31,829
- Reserves -€386,911
down €386,911 (-100%), from €386,911 to €0
- Other debts +€104,189
up €104,189 (+8,567%), from €1,216 to €105,405
- Tax, wage and social debts -€65,576
down €65,576 (-83.4%), from €78,670 to €13,093
- Profit (loss) carried forward +€13,215
new in 2025: €13,215
- Depreciation +€10,873
up €10,873 (+50.9%), from €21,347 to €32,221
- Financial income -€7,637
down €7,637 (-94.4%), from €8,087 to €450
- Gross operating margin +€2,958
up €2,958 (+1.7%), from €175,100 to €178,058
- Taxes -€2,946
down €2,946 (-8.4%), from €34,975 to €32,029
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,551 | €134,871 | -€335,680 | -71.3% |
| Fixed assets | 21/28 | €133,599 | €101,379 | -€32,221 | -24.1% |
| Tangible fixed assets | 22/27 | €133,599 | €101,379 | -€32,221 | -24.1% |
| Land and buildings | 22 | €2,620 | €2,301 | -€319 | -12.2% |
| Plant, machinery and equipment | 23 | €682 | €610 | -€73 | -10.7% |
| Furniture and vehicles | 24 | €130,297 | €98,468 | -€31,829 | -24.4% |
| Current assets | 29/58 | €336,952 | €33,493 | -€303,460 | -90.1% |
| Amounts receivable after more than one year | 29 | €90,000 | €0 | -€90,000 | -100% |
| Other amounts receivable | 291 | €90,000 | €0 | -€90,000 | -100% |
| Amounts receivable within one year | 40/41 | €23,345 | €24,513 | +€1,167 | +5.0% |
| Trade receivables | 40 | €23,345 | €24,513 | +€1,167 | +5.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €221,676 | €6,398 | -€215,278 | -97.1% |
| Deferred charges and accrued income | 490/1 | €1,931 | €2,582 | +€651 | +33.7% |
| Total equity and liabilities | 10/49 | €470,551 | €134,871 | -€335,680 | -71.3% |
| Equity | 10/15 | €388,911 | €15,215 | -€373,696 | -96.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €386,911 | €0 | -€386,911 | -100% |
| Distributable reserves | 133 | €386,911 | €0 | -€386,911 | -100% |
| Profit (loss) carried forward | 14 | - | €13,215 | +€13,215 | |
| Amounts payable | 17/49 | €81,641 | €119,656 | +€38,015 | +46.6% |
| Amounts payable within one year | 42/48 | €81,615 | €119,656 | +€38,041 | +46.6% |
| Trade debts | 44 | €1,729 | €1,158 | -€572 | -33.1% |
| Suppliers | 440/4 | €1,729 | €1,158 | -€572 | -33.1% |
| Taxes, remuneration and social security | 45 | €78,670 | €13,093 | -€65,576 | -83.4% |
| Taxes | 450/3 | €78,670 | €13,093 | -€65,576 | -83.4% |
| Other amounts payable | 47/48 | €1,216 | €105,405 | +€104,189 | +8,567% |
| Accrued charges and deferred income | 492/3 | €26 | €0 | -€26 | -100% |
| Non-recurring operating income | 76A | €9,175 | €0 | -€9,175 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,347 | €32,221 | +€10,873 | +50.9% |
| Other operating charges | 640/8 | €1,315 | €1,002 | -€312 | -23.8% |
| Gross operating margin | 9900 | €175,100 | €178,058 | +€2,958 | +1.7% |
| Operating profit (loss) | 9901 | €152,438 | €144,836 | -€7,602 | -5.0% |
| Financial income | 75/76B | €8,087 | €450 | -€7,637 | -94.4% |
| Recurring financial income | 75 | €8,087 | €450 | -€7,637 | -94.4% |
| Financial charges | 65/66B | €43 | €42 | -€1 | -2.4% |
| Recurring financial charges | 65 | €43 | €42 | -€1 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €160,482 | €145,244 | -€15,238 | -9.5% |
| Income taxes | 67/77 | €34,975 | €32,029 | -€2,946 | -8.4% |
| Profit (loss) for the period | 9904 | €125,507 | €113,215 | -€12,292 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €125,507 | €113,215 | -€12,292 | -9.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.