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
- Tangible fixed assets -€19,999
down €19,999 (-50.1%), from €39,941 to €19,942
of which Plant, machinery and equipment: -€13,577
- Cash +€14,992
up €14,992 (+353%), from €4,246 to €19,238
mainly Tax, wage and social debts (+€21,544) and Depreciation (+€19,999)
- Profit (loss) carried forward -€26,959
down €26,959 (-23.7%), from €113,912 to €86,953
- Tax, wage and social debts +€21,544
up €21,544 (+6,974%), from €309 to €21,852
- Other debts -€6,223
down €6,223 (-1.3%), from €480,459 to €474,236
- Gross operating margin -€15,466
down €15,466, from €9,383 to -€6,084
- Depreciation -€1,958
down €1,958 (-8.9%), from €21,958 to €19,999
- Financial income +€225
up €225 (+254%), from €89 to €314
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.
Derived cash bridge
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 | €620,198 | €608,789 | -€11,409 | -1.8% |
| Fixed assets | 21/28 | €40,690 | €20,691 | -€19,999 | -49.1% |
| Tangible fixed assets | 22/27 | €39,941 | €19,942 | -€19,999 | -50.1% |
| Plant, machinery and equipment | 23 | €28,671 | €15,094 | -€13,577 | -47.4% |
| Furniture and vehicles | 24 | €11,270 | €4,847 | -€6,422 | -57.0% |
| Financial fixed assets | 28 | €749 | €749 | = | 0.0% |
| Current assets | 29/58 | €579,507 | €588,097 | +€8,590 | +1.5% |
| Stocks and contracts in progress | 3 | €196,840 | €192,850 | -€3,990 | -2.0% |
| Stocks | 30/36 | €196,840 | €192,850 | -€3,990 | -2.0% |
| Amounts receivable within one year | 40/41 | €378,422 | €376,010 | -€2,412 | -0.6% |
| Trade receivables | 40 | €53,149 | €35,734 | -€17,416 | -32.8% |
| Other amounts receivable | 41 | €325,272 | €340,276 | +€15,004 | +4.6% |
| Cash at bank and in hand | 54/58 | €4,246 | €19,238 | +€14,992 | +353% |
| Total equity and liabilities | 10/49 | €620,198 | €608,789 | -€11,409 | -1.8% |
| Equity | 10/15 | €134,372 | €107,413 | -€26,959 | -20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,912 | €86,953 | -€26,959 | -23.7% |
| Amounts payable | 17/49 | €485,825 | €501,375 | +€15,550 | +3.2% |
| Amounts payable within one year | 42/48 | €485,825 | €501,375 | +€15,550 | +3.2% |
| Trade debts | 44 | €5,058 | €5,287 | +€229 | +4.5% |
| Suppliers | 440/4 | €5,058 | €5,287 | +€229 | +4.5% |
| Taxes, remuneration and social security | 45 | €309 | €21,852 | +€21,544 | +6,974% |
| Taxes | 450/3 | €309 | €21,852 | +€21,544 | +6,974% |
| Other amounts payable | 47/48 | €480,459 | €474,236 | -€6,223 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,958 | €19,999 | -€1,958 | -8.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €9,383 | -€6,084 | -€15,466 | |
| Operating profit (loss) | 9901 | -€13,080 | -€26,602 | -€13,522 | -103% |
| Financial income | 75/76B | €89 | €314 | +€225 | +254% |
| Recurring financial income | 75 | €89 | €314 | +€225 | +254% |
| Financial charges | 65/66B | €622 | €671 | +€48 | +7.8% |
| Recurring financial charges | 65 | €622 | €671 | +€48 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,614 | -€26,959 | -€13,346 | -98.0% |
| Profit (loss) for the period | 9904 | -€13,614 | -€26,959 | -€13,346 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,614 | -€26,959 | -€13,346 | -98.0% |
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 13 October 2026 via checked.be.