GEMINI DEVELOPMENTS: 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 DEVELOPMENTS
Largest movements
- Cash +€16,544
up €16,544 (+11.0%), from €149,934 to €166,479
mainly Net result for the year (+€8,200) and Depreciation (+€5,775)
- Tangible fixed assets -€4,615
down €4,615 (-25.9%), from €17,825 to €13,210
- Receivables within one year -€4,478
down €4,478 (-11.7%), from €38,255 to €33,777
of which Trade receivables: -€2,981
- Reserves +€8,200
up €8,200 (+8.2%), from €100,521 to €108,721
of which Distributable reserves: +€8,200
- Tax, wage and social debts -€6,390
down €6,390 (-91.4%), from €6,990 to €600
- Trade debts +€5,725
up €5,725 (+595%), from €961 to €6,686
- Gross operating margin -€16,932
down €16,932 (-46.4%), from €36,469 to €19,537
- Taxes -€6,789
down €6,789 (-59.0%), from €11,510 to €4,720
- Financial income +€697
up €697 (+172%), from €406 to €1,103
- Depreciation +€628
up €628 (+12.2%), from €5,147 to €5,775
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 | €219,171 | €228,895 | +€9,724 | +4.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €30,269 | €25,654 | -€4,615 | -15.2% |
| Tangible fixed assets | 22/27 | €17,825 | €13,210 | -€4,615 | -25.9% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €5,418 | €3,838 | -€1,580 | -29.2% |
| Furniture and vehicles | 24 | €8,098 | €6,248 | -€1,851 | -22.9% |
| Other tangible fixed assets | 26 | €4,309 | €3,124 | -€1,185 | -27.5% |
| Financial fixed assets | 28 | €12,444 | €12,444 | = | 0.0% |
| Current assets | 29/58 | €188,901 | €203,241 | +€14,340 | +7.6% |
| Amounts receivable within one year | 40/41 | €38,255 | €33,777 | -€4,478 | -11.7% |
| Trade receivables | 40 | €29,714 | €26,733 | -€2,981 | -10.0% |
| Other amounts receivable | 41 | €8,541 | €7,044 | -€1,497 | -17.5% |
| Cash at bank and in hand | 54/58 | €149,934 | €166,479 | +€16,544 | +11.0% |
| Deferred charges and accrued income | 490/1 | €712 | €2,985 | +€2,273 | +319% |
| Total equity and liabilities | 10/49 | €219,171 | €228,895 | +€9,724 | +4.4% |
| Equity | 10/15 | €204,203 | €212,404 | +€8,200 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,521 | €108,721 | +€8,200 | +8.2% |
| Non-distributable reserves | 130/1 | €6,573 | €6,573 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,573 | €6,573 | = | 0.0% |
| Distributable reserves | 133 | €93,948 | €102,148 | +€8,200 | +8.7% |
| Profit (loss) carried forward | 14 | €85,082 | €85,083 | +€0 | 0.0% |
| Amounts payable | 17/49 | €14,968 | €16,492 | +€1,524 | +10.2% |
| Amounts payable within one year | 42/48 | €14,968 | €16,492 | +€1,524 | +10.2% |
| Trade debts | 44 | €961 | €6,686 | +€5,725 | +595% |
| Suppliers | 440/4 | €961 | €6,686 | +€5,725 | +595% |
| Taxes, remuneration and social security | 45 | €6,990 | €600 | -€6,390 | -91.4% |
| Taxes | 450/3 | €6,990 | €600 | -€6,390 | -91.4% |
| Other amounts payable | 47/48 | €7,017 | €9,206 | +€2,189 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,147 | €5,775 | +€628 | +12.2% |
| Other operating charges | 640/8 | €1,940 | €1,655 | -€285 | -14.7% |
| Gross operating margin | 9900 | €36,469 | €19,537 | -€16,932 | -46.4% |
| Operating profit (loss) | 9901 | €29,382 | €12,107 | -€17,275 | -58.8% |
| Financial income | 75/76B | €406 | €1,103 | +€697 | +172% |
| Recurring financial income | 75 | €406 | €1,103 | +€697 | +172% |
| Financial charges | 65/66B | €135 | €289 | +€154 | +114% |
| Recurring financial charges | 65 | €135 | €289 | +€154 | +114% |
| Profit (loss) for the period before taxes | 9903 | €29,653 | €12,921 | -€16,732 | -56.4% |
| Income taxes | 67/77 | €11,510 | €4,720 | -€6,789 | -59.0% |
| Profit (loss) for the period | 9904 | €18,143 | €8,200 | -€9,943 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,143 | €8,200 | -€9,943 | -54.8% |
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.