GEMINES: 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.
GEMINES
Largest movements
- Receivables within one year -€30,000
down €30,000 (-6.2%), from €480,791 to €450,791
of which Other amounts receivable: -€30,000
- Debts after one year -€91,831
down €91,831 (-57.7%), from €159,261 to €67,430
- Profit (loss) carried forward +€47,331
up €47,331 (+51.1%), from €92,680 to €140,011
- Other debts +€32,370
new in 2025: €32,370
- Current portion of long-term debt -€22,048
down €22,048 (-19.4%), from €113,879 to €91,831
- Gross operating margin +€26,750
up €26,750 (+31.7%), from €84,344 to €111,094
- Taxes +€5,299
up €5,299 (+44.4%), from €11,930 to €17,230
- Depreciation +€3,585
up €3,585 (+106.2%), from €3,374 to €6,959
- Financial charges +€1,531
up €1,531 (+15.3%), from €9,985 to €11,516
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 | €1,009,723 | €982,574 | -€27,149 | -2.7% |
| Fixed assets | 21/28 | €526,967 | €527,268 | +€301 | +0.1% |
| Tangible fixed assets | 22/27 | €526,967 | €527,268 | +€301 | +0.1% |
| Land and buildings | 22 | €526,967 | €527,268 | +€301 | +0.1% |
| Current assets | 29/58 | €482,756 | €455,306 | -€27,451 | -5.7% |
| Amounts receivable within one year | 40/41 | €480,791 | €450,791 | -€30,000 | -6.2% |
| Trade receivables | 40 | €944 | €944 | = | 0.0% |
| Other amounts receivable | 41 | €479,847 | €449,847 | -€30,000 | -6.3% |
| Cash at bank and in hand | 54/58 | €158 | €1,644 | +€1,486 | +941.0% |
| Deferred charges and accrued income | 490/1 | €1,808 | €2,871 | +€1,064 | +58.8% |
| Total equity and liabilities | 10/49 | €1,009,723 | €982,574 | -€27,149 | -2.7% |
| Equity | 10/15 | €507,414 | €554,745 | +€47,331 | +9.3% |
| Contributions | 10/11 | €377,084 | €377,084 | = | 0.0% |
| Capital | 10 | €376,500 | €376,500 | = | 0.0% |
| Issued capital | 100 | €376,500 | €376,500 | = | 0.0% |
| Contributions outside capital | 11 | €584 | €584 | = | 0.0% |
| Share premium | 1100/10 | €584 | €584 | = | 0.0% |
| Reserves | 13 | €37,650 | €37,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,650 | €37,650 | = | 0.0% |
| Legal reserve | 130 | €37,650 | €37,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,680 | €140,011 | +€47,331 | +51.1% |
| Amounts payable | 17/49 | €502,309 | €427,829 | -€74,480 | -14.8% |
| Amounts payable after more than one year | 17 | €159,261 | €67,430 | -€91,831 | -57.7% |
| Financial debts | 170/4 | €159,261 | €67,430 | -€91,831 | -57.7% |
| Amounts payable within one year | 42/48 | €340,350 | €357,552 | +€17,202 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €113,879 | €91,831 | -€22,048 | -19.4% |
| Trade debts | 44 | €193,171 | €199,716 | +€6,545 | +3.4% |
| Suppliers | 440/4 | €193,171 | €199,716 | +€6,545 | +3.4% |
| Advances received on contracts in progress | 46 | €9,050 | €4,475 | -€4,575 | -50.6% |
| Taxes, remuneration and social security | 45 | €24,250 | €29,160 | +€4,910 | +20.2% |
| Taxes | 450/3 | €24,250 | €29,160 | +€4,910 | +20.2% |
| Other amounts payable | 47/48 | - | €32,370 | +€32,370 | |
| Accrued charges and deferred income | 492/3 | €2,698 | €2,847 | +€148 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,374 | €6,959 | +€3,585 | +106.2% |
| Other operating charges | 640/8 | €27,204 | €28,058 | +€854 | +3.1% |
| Gross operating margin | 9900 | €84,344 | €111,094 | +€26,750 | +31.7% |
| Operating profit (loss) | 9901 | €53,766 | €76,077 | +€22,311 | +41.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,985 | €11,516 | +€1,531 | +15.3% |
| Recurring financial charges | 65 | €9,985 | €11,516 | +€1,531 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €43,781 | €64,561 | +€20,779 | +47.5% |
| Income taxes | 67/77 | €11,930 | €17,230 | +€5,299 | +44.4% |
| Profit (loss) for the period | 9904 | €31,851 | €47,331 | +€15,480 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,851 | €47,331 | +€15,480 | +48.6% |
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 10 October 2026 via checked.be.