GEMINION CAPITAL: 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.
GEMINION CAPITAL
Largest movements
- Financial fixed assets -€959,536
down €959,536 (-68.1%), from €1.4m to €448,512
- Profit (loss) carried forward -€572,063
down €572,063 (-17.0%), from -€3.4m to -€3.9m
- Debts after one year -€302,981
down €302,981 (-11.5%), from €2.6m to €2.3m
- Accrued charges and deferred income -€131,282
down €131,282 (-8.9%), from €1.5m to €1.3m
- Other debts +€60,854
up €60,854 (+9.5%), from €640,763 to €701,617
- Financial charges +€756,025
up €756,025 (+270%), from €279,908 to €1.0m
of which Non-recurring financial charges: +€963,541
- Financial income -€123,280
down €123,280 (-19.2%), from €640,558 to €517,277
of which Non-recurring financial income: -€640,080
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 | €1,420,598 | €469,513 | -€951,085 | -66.9% |
| Fixed assets | 21/28 | €1,408,048 | €448,512 | -€959,536 | -68.1% |
| Financial fixed assets | 28 | €1,408,048 | €448,512 | -€959,536 | -68.1% |
| Current assets | 29/58 | €12,551 | €21,001 | +€8,450 | +67.3% |
| Current investments | 50/53 | €8,161 | €20,356 | +€12,195 | +149% |
| Cash at bank and in hand | 54/58 | €4,390 | €645 | -€3,745 | -85.3% |
| Total equity and liabilities | 10/49 | €1,420,598 | €469,513 | -€951,085 | -66.9% |
| Equity | 10/15 | -€3,349,560 | -€3,921,623 | -€572,063 | -17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,368,160 | -€3,940,223 | -€572,063 | -17.0% |
| Amounts payable | 17/49 | €4,770,158 | €4,391,135 | -€379,022 | -7.9% |
| Amounts payable after more than one year | 17 | €2,642,337 | €2,339,356 | -€302,981 | -11.5% |
| Financial debts | 170/4 | €2,642,337 | €2,339,356 | -€302,981 | -11.5% |
| Amounts payable within one year | 42/48 | €653,180 | €708,421 | +€55,241 | +8.5% |
| Trade debts | 44 | €12,417 | €6,804 | -€5,613 | -45.2% |
| Suppliers | 440/4 | €12,417 | €6,804 | -€5,613 | -45.2% |
| Other amounts payable | 47/48 | €640,763 | €701,617 | +€60,854 | +9.5% |
| Accrued charges and deferred income | 492/3 | €1,474,641 | €1,343,359 | -€131,282 | -8.9% |
| Gross operating margin | 9900 | -€53,668 | -€53,407 | +€261 | +0.5% |
| Operating profit (loss) | 9901 | -€53,668 | -€53,407 | +€261 | +0.5% |
| Financial income | 75/76B | €640,558 | €517,277 | -€123,280 | -19.2% |
| Recurring financial income | 75 | €0 | €516,799 | +€516,799 | |
| Non-recurring financial income | 76B | €640,558 | €478 | -€640,080 | -99.9% |
| Financial charges | 65/66B | €279,908 | €1,035,933 | +€756,025 | +270% |
| Recurring financial charges | 65 | €279,908 | €72,393 | -€207,516 | -74.1% |
| Non-recurring financial charges | 66B | €0 | €963,541 | +€963,541 | |
| Profit (loss) for the period before taxes | 9903 | €306,982 | -€572,063 | -€879,045 | |
| Profit (loss) for the period | 9904 | €306,982 | -€572,063 | -€879,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €306,982 | -€572,063 | -€879,045 |
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 1 November 2026 via checked.be.