GEMINI - 4: 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.
GEMINI - 4
Largest movements
- Financial fixed assets +€54,690
up €54,690 (+60.0%), from €91,200 to €145,890
- Receivables within one year -€31,103
down €31,103 (-63.6%), from €48,936 to €17,833
of which Trade receivables: -€32,242
- Tangible fixed assets -€8,513
down €8,513 (-26.4%), from €32,187 to €23,674
- Other debts +€50,089
up €50,089 (+918.2%), from €5,455 to €55,544
- Profit (loss) carried forward +€24,696
up €24,696 (+70.8%), from -€34,896 to -€10,199
- Trade debts -€24,352
no longer reported in 2025 (was €24,352)
- Tax, wage and social debts -€20,655
down €20,655 (-40.3%), from €51,221 to €30,566
- Debts after one year -€14,946
down €14,946 (-13.8%), from €107,954 to €93,009
- Gross operating margin +€10,651
up €10,651 (+44.7%), from €23,809 to €34,460
- Write-downs -€4,825
no longer reported in 2025 (was €4,825)
- Other operating charges +€476
up €476 (+69.9%), from €681 to €1,158
- Financial income -€356
down €356 (-45.2%), from €787 to €432
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 | €174,957 | €189,946 | +€14,989 | +8.6% |
| Fixed assets | 21/28 | €123,387 | €169,563 | +€46,176 | +37.4% |
| Tangible fixed assets | 22/27 | €32,187 | €23,674 | -€8,513 | -26.4% |
| Furniture and vehicles | 24 | €32,187 | €23,674 | -€8,513 | -26.4% |
| Financial fixed assets | 28 | €91,200 | €145,890 | +€54,690 | +60.0% |
| Current assets | 29/58 | €51,570 | €20,383 | -€31,188 | -60.5% |
| Amounts receivable within one year | 40/41 | €48,936 | €17,833 | -€31,103 | -63.6% |
| Trade receivables | 40 | €39,371 | €7,129 | -€32,242 | -81.9% |
| Other amounts receivable | 41 | €9,565 | €10,704 | +€1,139 | +11.9% |
| Cash at bank and in hand | 54/58 | €978 | €696 | -€281 | -28.8% |
| Deferred charges and accrued income | 490/1 | €1,657 | €1,854 | +€197 | +11.9% |
| Total equity and liabilities | 10/49 | €174,957 | €189,946 | +€14,989 | +8.6% |
| Equity | 10/15 | -€23,228 | €1,469 | +€24,696 | |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €5,460 | €5,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €3,600 | €5,460 | +€1,860 | +51.7% |
| Profit (loss) carried forward | 14 | -€34,896 | -€10,199 | +€24,696 | +70.8% |
| Amounts payable | 17/49 | €198,185 | €188,477 | -€9,708 | -4.9% |
| Amounts payable after more than one year | 17 | €107,954 | €93,009 | -€14,946 | -13.8% |
| Financial debts | 170/4 | €107,954 | €93,009 | -€14,946 | -13.8% |
| Amounts payable within one year | 42/48 | €87,588 | €92,802 | +€5,214 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €6,560 | €6,692 | +€131 | +2.0% |
| Trade debts | 44 | €24,352 | - | -€24,352 | |
| Suppliers | 440/4 | €24,352 | - | -€24,352 | |
| Taxes, remuneration and social security | 45 | €51,221 | €30,566 | -€20,655 | -40.3% |
| Taxes | 450/3 | €51,221 | €30,566 | -€20,655 | -40.3% |
| Other amounts payable | 47/48 | €5,455 | €55,544 | +€50,089 | +918.2% |
| Accrued charges and deferred income | 492/3 | €2,642 | €2,667 | +€24 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,513 | €8,513 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,825 | - | -€4,825 | |
| Other operating charges | 640/8 | €681 | €1,158 | +€476 | +69.9% |
| Gross operating margin | 9900 | €23,809 | €34,460 | +€10,651 | +44.7% |
| Operating profit (loss) | 9901 | €9,790 | €24,789 | +€15,000 | +153.2% |
| Financial income | 75/76B | €787 | €432 | -€356 | -45.2% |
| Recurring financial income | 75 | €787 | €432 | -€356 | -45.2% |
| Financial charges | 65/66B | €484 | €384 | -€99 | -20.5% |
| Recurring financial charges | 65 | €484 | €384 | -€99 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €10,094 | €24,837 | +€14,743 | +146.1% |
| Income taxes | 67/77 | €133 | €140 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | €9,961 | €24,696 | +€14,736 | +147.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,961 | €24,696 | +€14,736 | +147.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.