GEMINOS: 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.
GEMINOS
Largest movements
- Cash +€21,418
up €21,418 (+14.2%), from €150,794 to €172,211
mainly Net result for the year (+€21,545) and Depreciation (+€19,014)
- Tangible fixed assets -€17,164
down €17,164 (-28.6%), from €60,030 to €42,865
of which Land and buildings: -€16,213
- Debts after one year -€20,730
down €20,730 (-41.4%), from €50,018 to €29,288
- Other debts +€13,409
up €13,409 (+230%), from €5,839 to €19,248
- Reserves +€8,900
up €8,900 (+12.8%), from €69,500 to €78,400
- Gross operating margin +€8,301
up €8,301 (+17.5%), from €47,507 to €55,809
- Taxes +€2,389
up €2,389 (+35.7%), from €6,699 to €9,088
- Financial charges -€1,106
down €1,106 (-22.1%), from €4,994 to €3,888
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 | €227,451 | €231,529 | +€4,077 | +1.8% |
| Fixed assets | 21/28 | €60,075 | €42,910 | -€17,164 | -28.6% |
| Tangible fixed assets | 22/27 | €60,030 | €42,865 | -€17,164 | -28.6% |
| Land and buildings | 22 | €48,640 | €32,427 | -€16,213 | -33.3% |
| Furniture and vehicles | 24 | - | €1,623 | +€1,623 | |
| Other tangible fixed assets | 26 | €11,390 | €8,815 | -€2,574 | -22.6% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €167,377 | €188,618 | +€21,242 | +12.7% |
| Amounts receivable within one year | 40/41 | €16,117 | €16,117 | = | 0.0% |
| Trade receivables | 40 | €16,117 | €16,117 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €150,794 | €172,211 | +€21,418 | +14.2% |
| Deferred charges and accrued income | 490/1 | €466 | €290 | -€176 | -37.8% |
| Total equity and liabilities | 10/49 | €227,451 | €231,529 | +€4,077 | +1.8% |
| Equity | 10/15 | €136,549 | €145,994 | +€9,445 | +6.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €69,500 | €78,400 | +€8,900 | +12.8% |
| Distributable reserves | 133 | €69,500 | €78,400 | +€8,900 | +12.8% |
| Profit (loss) carried forward | 14 | €52,789 | €53,334 | +€545 | +1.0% |
| Amounts payable | 17/49 | €90,902 | €85,535 | -€5,368 | -5.9% |
| Amounts payable after more than one year | 17 | €50,018 | €29,288 | -€20,730 | -41.4% |
| Financial debts | 170/4 | €50,018 | €29,288 | -€20,730 | -41.4% |
| Amounts payable within one year | 42/48 | €40,884 | €56,246 | +€15,362 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €19,727 | €20,730 | +€1,003 | +5.1% |
| Trade debts | 44 | €1,946 | €2,238 | +€292 | +15.0% |
| Suppliers | 440/4 | €1,946 | €2,238 | +€292 | +15.0% |
| Taxes, remuneration and social security | 45 | €13,372 | €14,030 | +€658 | +4.9% |
| Taxes | 450/3 | €11,537 | €12,075 | +€537 | +4.7% |
| Remuneration and social security | 454/9 | €1,835 | €1,956 | +€121 | +6.6% |
| Other amounts payable | 47/48 | €5,839 | €19,248 | +€13,409 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,788 | €19,014 | +€227 | +1.2% |
| Other operating charges | 640/8 | €2,570 | €2,651 | +€81 | +3.2% |
| Gross operating margin | 9900 | €47,507 | €55,809 | +€8,301 | +17.5% |
| Operating profit (loss) | 9901 | €26,150 | €34,143 | +€7,993 | +30.6% |
| Financial income | 75/76B | - | €378 | +€378 | |
| Recurring financial income | 75 | - | €378 | +€378 | |
| Financial charges | 65/66B | €4,994 | €3,888 | -€1,106 | -22.1% |
| Recurring financial charges | 65 | €4,994 | €3,888 | -€1,106 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €21,156 | €30,633 | +€9,477 | +44.8% |
| Income taxes | 67/77 | €6,699 | €9,088 | +€2,389 | +35.7% |
| Profit (loss) for the period | 9904 | €14,456 | €21,545 | +€7,088 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,456 | €21,545 | +€7,088 | +49.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.