GEMINI SOLUTIONS: 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 SOLUTIONS
Largest movements
- Intangible fixed assets -€130,000
down €130,000 (-11.6%), from €1.1m to €991,205
- Tangible fixed assets -€53,928
down €53,928 (-8.3%), from €647,248 to €593,321
of which Land and buildings: -€27,333
- Receivables within one year +€50,557
up €50,557 (+8.0%), from €628,672 to €679,229
of which Other amounts receivable: +€99,357
- Cash -€28,700
down €28,700 (-54.9%), from €52,315 to €23,615
mainly Debts after one year (-€207,258) and Current portion of long-term debt (-€114,138)
- Debts after one year -€207,258
down €207,258 (-20.7%), from €1.0m to €793,195
- Reserves +€177,631
up €177,631 (+20.6%), from €861,051 to €1.0m
of which Distributable reserves: +€177,631
- Current portion of long-term debt -€114,138
down €114,138 (-19.0%), from €599,852 to €485,714
- Financial income +€14,682
up €14,682 (+48.8%), from €30,092 to €44,774
- Other operating charges +€8,652
up €8,652 (+289%), from €2,989 to €11,642
- Taxes +€7,101
up €7,101 (+10.2%), from €69,526 to €76,628
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 | €2,792,024 | €2,654,380 | -€137,643 | -4.9% |
| Fixed assets | 21/28 | €1,768,454 | €1,584,526 | -€183,928 | -10.4% |
| Intangible fixed assets | 21 | €1,121,205 | €991,205 | -€130,000 | -11.6% |
| Tangible fixed assets | 22/27 | €647,248 | €593,321 | -€53,928 | -8.3% |
| Land and buildings | 22 | €539,607 | €512,273 | -€27,333 | -5.1% |
| Plant, machinery and equipment | 23 | €2,056 | €1,219 | -€837 | -40.7% |
| Furniture and vehicles | 24 | €3,750 | €681 | -€3,070 | -81.8% |
| Leasing and similar rights | 25 | €20,434 | €13,290 | -€7,144 | -35.0% |
| Other tangible fixed assets | 26 | €81,401 | €65,857 | -€15,544 | -19.1% |
| Current assets | 29/58 | €1,023,570 | €1,069,854 | +€46,284 | +4.5% |
| Amounts receivable after more than one year | 29 | €342,584 | €353,889 | +€11,305 | +3.3% |
| Other amounts receivable | 291 | €342,584 | €353,889 | +€11,305 | +3.3% |
| Amounts receivable within one year | 40/41 | €628,672 | €679,229 | +€50,557 | +8.0% |
| Trade receivables | 40 | €52,156 | €3,356 | -€48,800 | -93.6% |
| Other amounts receivable | 41 | €576,516 | €675,873 | +€99,357 | +17.2% |
| Current investments | 50/53 | - | €13,122 | +€13,122 | |
| Cash at bank and in hand | 54/58 | €52,315 | €23,615 | -€28,700 | -54.9% |
| Total equity and liabilities | 10/49 | €2,792,024 | €2,654,380 | -€137,643 | -4.9% |
| Equity | 10/15 | €1,120,087 | €1,286,809 | +€166,722 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €240,436 | €229,527 | -€10,909 | -4.5% |
| Reserves | 13 | €861,051 | €1,038,681 | +€177,631 | +20.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €859,191 | €1,036,821 | +€177,631 | +20.7% |
| Amounts payable | 17/49 | €1,671,937 | €1,367,572 | -€304,365 | -18.2% |
| Amounts payable after more than one year | 17 | €1,000,454 | €793,195 | -€207,258 | -20.7% |
| Financial debts | 170/4 | €1,000,454 | €793,195 | -€207,258 | -20.7% |
| Amounts payable within one year | 42/48 | €671,483 | €574,174 | -€97,309 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €599,852 | €485,714 | -€114,138 | -19.0% |
| Financial debts | 43 | €0 | €3,412 | +€3,412 | |
| Credit institutions | 430/8 | €0 | €3,412 | +€3,412 | |
| Trade debts | 44 | €2,104 | €8,039 | +€5,935 | +282% |
| Suppliers | 440/4 | €2,104 | €8,039 | +€5,935 | +282% |
| Taxes, remuneration and social security | 45 | €69,526 | €77,009 | +€7,483 | +10.8% |
| Taxes | 450/3 | €69,526 | €77,009 | +€7,483 | +10.8% |
| Accrued charges and deferred income | 492/3 | - | €202 | +€202 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,580 | €183,928 | +€347 | +0.2% |
| Other operating charges | 640/8 | €2,989 | €11,642 | +€8,652 | +289% |
| Non-recurring operating charges | 66A | - | €2,262 | +€2,262 | |
| Gross operating margin | 9900 | €456,219 | €455,269 | -€950 | -0.2% |
| Operating profit (loss) | 9901 | €269,650 | €257,437 | -€12,212 | -4.5% |
| Financial income | 75/76B | €30,092 | €44,774 | +€14,682 | +48.8% |
| Recurring financial income | 75 | €30,092 | €44,774 | +€14,682 | +48.8% |
| Financial charges | 65/66B | €56,453 | €58,862 | +€2,409 | +4.3% |
| Recurring financial charges | 65 | €56,453 | €58,862 | +€2,409 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €243,289 | €243,349 | +€60 | 0.0% |
| Income taxes | 67/77 | €69,526 | €76,628 | +€7,101 | +10.2% |
| Profit (loss) for the period | 9904 | €173,762 | €166,722 | -€7,041 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €173,762 | €166,722 | -€7,041 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.