GEMINVEST: what changed
GEMINVEST
Largest movements
- Tangible fixed assets -€8,911
down €8,911 (-3.2%), from €278,394 to €269,484
- Cash -€3,119
down €3,119 (-95.5%), from €3,265 to €146
mainly Debts after one year (-€11,991) and Other debts (-€6,913)
- Debts after one year -€11,991
down €11,991 (-4.9%), from €245,485 to €233,493
- Other debts -€6,913
down €6,913 (-40.1%), from €17,232 to €10,319
- Profit (loss) carried forward +€3,467
up €3,467 (+475%), from €731 to €4,197
- Gross operating margin -€2,451
down €2,451 (-11.3%), from €21,670 to €19,219
- Other operating charges -€1,784
down €1,784 (-75.3%), from €2,370 to €586
- Financial charges +€274
up €274 (+5.8%), from €4,689 to €4,962
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,659 | €269,726 | -€11,933 | -4.2% |
| Fixed assets | 21/28 | €278,394 | €269,484 | -€8,911 | -3.2% |
| Tangible fixed assets | 22/27 | €278,394 | €269,484 | -€8,911 | -3.2% |
| Land and buildings | 22 | €278,394 | €269,484 | -€8,911 | -3.2% |
| Current assets | 29/58 | €3,265 | €242 | -€3,022 | -92.6% |
| Cash at bank and in hand | 54/58 | €3,265 | €146 | -€3,119 | -95.5% |
| Deferred charges and accrued income | 490/1 | - | €96 | +€96 | |
| Total equity and liabilities | 10/49 | €281,659 | €269,726 | -€11,933 | -4.2% |
| Equity | 10/15 | €5,731 | €9,197 | +€3,467 | +60.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €731 | €4,197 | +€3,467 | +475% |
| Amounts payable | 17/49 | €275,928 | €260,529 | -€15,400 | -5.6% |
| Amounts payable after more than one year | 17 | €245,485 | €233,493 | -€11,991 | -4.9% |
| Financial debts | 170/4 | €245,485 | €233,493 | -€11,991 | -4.9% |
| Amounts payable within one year | 42/48 | €30,444 | €26,501 | -€3,943 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €11,777 | €12,805 | +€1,028 | +8.7% |
| Trade debts | 44 | €0 | €2,084 | +€2,084 | |
| Suppliers | 440/4 | €0 | €2,084 | +€2,084 | |
| Taxes, remuneration and social security | 45 | €1,434 | €1,293 | -€141 | -9.9% |
| Taxes | 450/3 | €1,434 | €1,293 | -€141 | -9.9% |
| Other amounts payable | 47/48 | €17,232 | €10,319 | -€6,913 | -40.1% |
| Accrued charges and deferred income | 492/3 | €0 | €534 | +€534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,911 | €8,911 | = | 0.0% |
| Other operating charges | 640/8 | €2,370 | €586 | -€1,784 | -75.3% |
| Gross operating margin | 9900 | €21,670 | €19,219 | -€2,451 | -11.3% |
| Operating profit (loss) | 9901 | €10,389 | €9,722 | -€667 | -6.4% |
| Financial charges | 65/66B | €4,689 | €4,962 | +€274 | +5.8% |
| Recurring financial charges | 65 | €4,689 | €4,962 | +€274 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €5,700 | €4,759 | -€941 | -16.5% |
| Income taxes | 67/77 | €1,434 | €1,293 | -€141 | -9.9% |
| Profit (loss) for the period | 9904 | €4,266 | €3,467 | -€799 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,266 | €3,467 | -€799 | -18.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.