GEMIS-PATTYN: what changed
What changed
GEMIS-PATTYN
NACE 22.240, Manufacture of rubber and plastic products
filed annual accounts (NBB)
Net result for the year
€148,431
2024 · €139,579+€8,852
Equity
€468,619
2024 · €542,004-€73,386
Cash
€353,185
2024 · €336,328+€16,857
Balance sheet total
€633,451
2024 · €723,098-€89,646
Largest movements
Assets
- Receivables within one year -€64,127
down €64,127 (-50.7%), from €126,418 to €62,291
of which Trade receivables: -€61,624
- Tangible fixed assets -€36,820
down €36,820 (-23.2%), from €158,670 to €121,851
of which Furniture and vehicles: -€23,615
- Cash +€16,857
up €16,857 (+5.0%), from €336,328 to €353,185
mainly Net result for the year (+€148,431) and Depreciation (+€64,907)
- Intangible fixed assets -€10,679
down €10,679 (-19.8%), from €53,833 to €43,154
Equity and liabilities
- Reserves -€73,400
down €73,400 (-14.0%), from €523,400 to €450,000
- Debts after one year -€30,604
down €30,604 (-62.1%), from €49,243 to €18,640
- Trade debts +€30,518
up €30,518 (+141%), from €21,698 to €52,216
- Tax, wage and social debts -€17,042
down €17,042 (-32.0%), from €53,187 to €36,144
of which Taxes: -€11,617
- Short-term financial debts +€13,150
up €13,150 (+96.7%), from €13,604 to €26,754
Income statement
- Staff costs +€69,517
up €69,517 (+20.9%), from €333,090 to €402,607
- Gross operating margin +€65,241
up €65,241 (+10.7%), from €607,676 to €672,917
- Financial charges -€10,958
down €10,958 (-45.5%), from €24,073 to €13,115
- Other operating charges -€10,686
down €10,686 (-54.6%), from €19,576 to €8,890
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.
Result 2024
€139,579
Gross operating margin
+€65,241
Staff costs
-€69,517
Depreciation
-€4,711
Other operating charges
+€10,686
Financial income
-€332
Financial charges
+€10,958
Taxes
-€3,473
Result 2025
€148,431
raises the resultlowers the result
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.
From operations
+€285,866
Investment
-€17,409
Financing
-€251,600
Cash 2024
€336,328
From operations (derived)
+€285,866
Net result for the year
+€148,431
Depreciation
+€64,907
Stocks and contracts
+€1,452
Receivables within one year
+€64,127
Deferred charges and accrued income
-€6,574
Trade debts
+€30,518
Tax, wage and social debts
-€17,042
Other debts
+€46
Investment (derived)
-€17,409
Investment in fixed assets (net)
-€17,409
Financing
-€251,600
Debts after one year
-€30,604
Current portion of long-term debt
-€12,328
Short-term financial debts
+€13,150
Contributions, distributions and other
-€221,817
Cash 2025
€353,185
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €723,098 | €633,451 | -€89,646 | -12.4% |
| Fixed assets | 21/28 | €214,609 | €167,110 | -€47,498 | -22.1% |
| Intangible fixed assets | 21 | €53,833 | €43,154 | -€10,679 | -19.8% |
| Tangible fixed assets | 22/27 | €158,670 | €121,851 | -€36,820 | -23.2% |
| Land and buildings | 22 | €546 | €438 | -€108 | -19.9% |
| Plant, machinery and equipment | 23 | €28,810 | €16,687 | -€12,123 | -42.1% |
| Furniture and vehicles | 24 | €123,927 | €100,312 | -€23,615 | -19.1% |
| Other tangible fixed assets | 26 | €5,387 | €4,414 | -€973 | -18.1% |
| Financial fixed assets | 28 | €2,105 | €2,105 | = | 0.0% |
| Current assets | 29/58 | €508,489 | €466,341 | -€42,148 | -8.3% |
| Stocks and contracts in progress | 3 | €40,000 | €38,548 | -€1,452 | -3.6% |
| Stocks | 30/36 | €40,000 | €38,548 | -€1,452 | -3.6% |
| Amounts receivable within one year | 40/41 | €126,418 | €62,291 | -€64,127 | -50.7% |
| Trade receivables | 40 | €102,165 | €40,541 | -€61,624 | -60.3% |
| Other amounts receivable | 41 | €24,253 | €21,750 | -€2,503 | -10.3% |
| Cash at bank and in hand | 54/58 | €336,328 | €353,185 | +€16,857 | +5.0% |
| Deferred charges and accrued income | 490/1 | €5,743 | €12,317 | +€6,574 | +114% |
| Total equity and liabilities | 10/49 | €723,098 | €633,451 | -€89,646 | -12.4% |
| Equity | 10/15 | €542,004 | €468,619 | -€73,386 | -13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €523,400 | €450,000 | -€73,400 | -14.0% |
| Distributable reserves | 133 | €523,400 | €450,000 | -€73,400 | -14.0% |
| Profit (loss) carried forward | 14 | €4 | €19 | +€14 | +318% |
| Amounts payable | 17/49 | €181,093 | €164,833 | -€16,260 | -9.0% |
| Amounts payable after more than one year | 17 | €49,243 | €18,640 | -€30,604 | -62.1% |
| Financial debts | 170/4 | €49,243 | €18,640 | -€30,604 | -62.1% |
| Amounts payable within one year | 42/48 | €131,850 | €146,193 | +€14,343 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €43,190 | €30,862 | -€12,328 | -28.5% |
| Financial debts | 43 | €13,604 | €26,754 | +€13,150 | +96.7% |
| Credit institutions | 430/8 | €13,604 | €26,754 | +€13,150 | +96.7% |
| Trade debts | 44 | €21,698 | €52,216 | +€30,518 | +141% |
| Suppliers | 440/4 | €21,698 | €52,216 | +€30,518 | +141% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €53,187 | €36,144 | -€17,042 | -32.0% |
| Taxes | 450/3 | €22,670 | €11,053 | -€11,617 | -51.2% |
| Remuneration and social security | 454/9 | €30,517 | €25,092 | -€5,425 | -17.8% |
| Other amounts payable | 47/48 | €171 | €217 | +€46 | +27.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €333,090 | €402,607 | +€69,517 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,196 | €64,907 | +€4,711 | +7.8% |
| Other operating charges | 640/8 | €19,576 | €8,890 | -€10,686 | -54.6% |
| Gross operating margin | 9900 | €607,676 | €672,917 | +€65,241 | +10.7% |
| Operating profit (loss) | 9901 | €194,814 | €196,513 | +€1,699 | +0.9% |
| Financial income | 75/76B | €11,418 | €11,086 | -€332 | -2.9% |
| Recurring financial income | 75 | €11,418 | €11,086 | -€332 | -2.9% |
| Financial charges | 65/66B | €24,073 | €13,115 | -€10,958 | -45.5% |
| Recurring financial charges | 65 | €24,073 | €13,115 | -€10,958 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €182,159 | €194,484 | +€12,325 | +6.8% |
| Income taxes | 67/77 | €42,580 | €46,053 | +€3,473 | +8.2% |
| Profit (loss) for the period | 9904 | €139,579 | €148,431 | +€8,852 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €139,579 | €148,431 | +€8,852 | +6.3% |
Next steps
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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 7 November 2026 via checked.be.