GEMINI: 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.
GEMINI
Largest movements
- Cash +€27,626
up €27,626 (+81.8%), from €33,770 to €61,396
mainly Net result for the year (+€22,695) and Tax, wage and social debts (+€11,143)
- Receivables within one year +€9,586
up €9,586 (+30.4%), from €31,538 to €41,125
of which Other amounts receivable: +€5,453
- Tangible fixed assets -€3,073
down €3,073 (-21.8%), from €14,105 to €11,032
of which Furniture and vehicles: -€2,241
- Reserves +€22,695
up €22,695 (+37.5%), from €60,539 to €83,234
- Tax, wage and social debts +€11,143
up €11,143 (+462.3%), from €2,410 to €13,553
- Gross operating margin +€18,280
up €18,280 (+90.7%), from €20,155 to €38,435
- Taxes +€5,518
up €5,518 (+158.0%), from €3,492 to €9,010
- Depreciation -€1,591
down €1,591 (-21.4%), from €7,431 to €5,840
- Other operating charges -€567
down €567 (-43.0%), from €1,317 to €750
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 | €81,076 | €115,100 | +€34,024 | +42.0% |
| Fixed assets | 21/28 | €14,105 | €11,032 | -€3,073 | -21.8% |
| Tangible fixed assets | 22/27 | €14,105 | €11,032 | -€3,073 | -21.8% |
| Plant, machinery and equipment | 23 | €5,365 | €4,533 | -€832 | -15.5% |
| Furniture and vehicles | 24 | €8,740 | €6,499 | -€2,241 | -25.6% |
| Current assets | 29/58 | €66,971 | €104,068 | +€37,097 | +55.4% |
| Amounts receivable within one year | 40/41 | €31,538 | €41,125 | +€9,586 | +30.4% |
| Trade receivables | 40 | €16,284 | €20,418 | +€4,134 | +25.4% |
| Other amounts receivable | 41 | €15,254 | €20,707 | +€5,453 | +35.7% |
| Cash at bank and in hand | 54/58 | €33,770 | €61,396 | +€27,626 | +81.8% |
| Deferred charges and accrued income | 490/1 | €1,663 | €1,548 | -€116 | -6.9% |
| Total equity and liabilities | 10/49 | €81,076 | €115,100 | +€34,024 | +42.0% |
| Equity | 10/15 | €66,739 | €89,434 | +€22,695 | +34.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,539 | €83,234 | +€22,695 | +37.5% |
| Distributable reserves | 133 | €60,539 | €83,234 | +€22,695 | +37.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,337 | €25,666 | +€11,329 | +79.0% |
| Amounts payable within one year | 42/48 | €2,764 | €14,375 | +€11,610 | +420.0% |
| Trade debts | 44 | €354 | €822 | +€468 | +132.0% |
| Suppliers | 440/4 | €354 | €822 | +€468 | +132.0% |
| Taxes, remuneration and social security | 45 | €2,410 | €13,553 | +€11,143 | +462.3% |
| Taxes | 450/3 | €2,410 | €13,553 | +€11,143 | +462.3% |
| Accrued charges and deferred income | 492/3 | €11,573 | €11,292 | -€281 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,431 | €5,840 | -€1,591 | -21.4% |
| Other operating charges | 640/8 | €1,317 | €750 | -€567 | -43.0% |
| Gross operating margin | 9900 | €20,155 | €38,435 | +€18,280 | +90.7% |
| Operating profit (loss) | 9901 | €11,407 | €31,845 | +€20,437 | +179.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -89.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -89.2% |
| Financial charges | 65/66B | €136 | €140 | +€4 | +2.6% |
| Recurring financial charges | 65 | €136 | €140 | +€4 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €11,272 | €31,705 | +€20,433 | +181.3% |
| Income taxes | 67/77 | €3,492 | €9,010 | +€5,518 | +158.0% |
| Profit (loss) for the period | 9904 | €7,780 | €22,695 | +€14,915 | +191.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,780 | €22,695 | +€14,915 | +191.7% |
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.