Geminae: what changed
Two fiscal 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.
Geminae
Largest movements
- Tangible fixed assets -€13,133
down €13,133 (-15.2%), from €86,200 to €73,067
of which Furniture and vehicles: -€10,970
- Receivables within one year -€12,087
down €12,087 (-84.2%), from €14,359 to €2,272
of which Other amounts receivable: -€14,349
- Receivables after one year +€3,750
up €3,750 (+8.3%), from €45,000 to €48,750
of which Other amounts receivable: +€3,750
- Profit (loss) carried forward -€69,902
down €69,902 (-77.7%), from -€90,005 to -€159,907
- Debts after one year +€48,000
up €48,000 (+42.1%), from €114,000 to €162,000
- Gross operating margin +€22,812
up €22,812 (+31.4%), from -€72,563 to -€49,751
- Depreciation +€3,992
up €3,992 (+26.3%), from €15,206 to €19,198
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.
Cash bridge derived
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 | €149,706 | €128,533 | -€21,173 | -14.1% |
| Fixed assets | 21/28 | €86,200 | €73,067 | -€13,133 | -15.2% |
| Tangible fixed assets | 22/27 | €86,200 | €73,067 | -€13,133 | -15.2% |
| Land and buildings | 22 | €8,767 | €7,667 | -€1,100 | -12.5% |
| Plant, machinery and equipment | 23 | €6,460 | €5,397 | -€1,063 | -16.5% |
| Furniture and vehicles | 24 | €70,974 | €60,003 | -€10,970 | -15.5% |
| Current assets | 29/58 | €63,505 | €55,466 | -€8,040 | -12.7% |
| Amounts receivable after more than one year | 29 | €45,000 | €48,750 | +€3,750 | +8.3% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €45,000 | €48,750 | +€3,750 | +8.3% |
| Amounts receivable within one year | 40/41 | €14,359 | €2,272 | -€12,087 | -84.2% |
| Trade receivables | 40 | €0 | €2,263 | +€2,263 | |
| Other amounts receivable | 41 | €14,359 | €9 | -€14,349 | -99.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,115 | €2,179 | -€936 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,032 | €2,265 | +€1,233 | +119.5% |
| Total equity and liabilities | 10/49 | €149,706 | €128,533 | -€21,173 | -14.1% |
| Equity | 10/15 | €28,095 | -€41,807 | -€69,902 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €115,600 | €115,600 | = | 0.0% |
| Distributable reserves | 133 | €115,600 | €115,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,005 | -€159,907 | -€69,902 | -77.7% |
| Amounts payable | 17/49 | €121,611 | €170,340 | +€48,729 | +40.1% |
| Amounts payable after more than one year | 17 | €114,000 | €162,000 | +€48,000 | +42.1% |
| Financial debts | 170/4 | €114,000 | €162,000 | +€48,000 | +42.1% |
| Amounts payable within one year | 42/48 | €7,411 | €8,140 | +€729 | +9.8% |
| Financial debts | 43 | €112 | €67 | -€45 | -40.0% |
| Credit institutions | 430/8 | €112 | €67 | -€45 | -40.0% |
| Trade debts | 44 | €1,129 | €292 | -€838 | -74.2% |
| Suppliers | 440/4 | €1,129 | €292 | -€838 | -74.2% |
| Taxes, remuneration and social security | 45 | €3,330 | €4,784 | +€1,454 | +43.7% |
| Taxes | 450/3 | €1,830 | €3,284 | +€1,454 | +79.5% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €2,840 | €2,997 | +€157 | +5.5% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,206 | €19,198 | +€3,992 | +26.3% |
| Other operating charges | 640/8 | €626 | €544 | -€82 | -13.2% |
| Non-recurring operating charges | 66A | €2,034 | €0 | -€2,034 | -100.0% |
| Gross operating margin | 9900 | -€72,563 | -€49,751 | +€22,812 | +31.4% |
| Operating profit (loss) | 9901 | -€90,429 | -€69,493 | +€20,936 | +23.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €169 | €161 | -€8 | -5.0% |
| Recurring financial charges | 65 | €169 | €161 | -€8 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€90,595 | -€69,654 | +€20,941 | +23.1% |
| Income taxes | 67/77 | €330 | €247 | -€83 | -25.0% |
| Profit (loss) for the period | 9904 | -€90,925 | -€69,902 | +€21,023 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,925 | -€69,902 | +€21,023 | +23.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.