GEMIS-RUCHENNE: 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.
GEMIS-RUCHENNE
Largest movements
- Tangible fixed assets +€39,339
up €39,339 (+96.5%), from €40,749 to €80,088
of which Leasing and similar rights: +€39,749
- Cash -€4,128
down €4,128 (-53.0%), from €7,781 to €3,653
mainly Investment in fixed assets (net) (-€55,963) and Net result for the year (-€9,650)
- Deferred charges and accrued income -€3,683
down €3,683 (-89.1%), from €4,133 to €450
- Receivables within one year +€1,732
up €1,732 (+377%), from €460 to €2,191
of which Trade receivables: +€1,234
- Debts after one year +€28,896
new in 2025: €28,896
- Current portion of long-term debt +€9,983
new in 2025: €9,983
- Profit (loss) carried forward -€9,650
down €9,650 (-10.6%), from -€90,708 to -€100,357
- Other debts +€5,765
up €5,765 (+16.1%), from €35,915 to €41,680
- Advances received -€1,837
down €1,837 (-92.5%), from €1,987 to €150
- Gross operating margin +€16,606
up €16,606, from -€2,308 to €14,298
- Depreciation +€758
up €758 (+4.7%), from €16,244 to €17,001
- Other operating charges +€324
up €324 (+19.6%), from €1,654 to €1,978
- Taxes -€255
down €255 (-16.7%), from €1,525 to €1,269
- Financial income +€199
up €199 (+510%), from €39 to €237
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 | €54,256 | €87,138 | +€32,882 | +60.6% |
| Formation expenses | 20 | €1,133 | €755 | -€378 | -33.4% |
| Fixed assets | 21/28 | €40,749 | €80,088 | +€39,339 | +96.5% |
| Tangible fixed assets | 22/27 | €40,749 | €80,088 | +€39,339 | +96.5% |
| Plant, machinery and equipment | 23 | €35,217 | €27,156 | -€8,061 | -22.9% |
| Furniture and vehicles | 24 | €5,531 | €13,183 | +€7,652 | +138% |
| Leasing and similar rights | 25 | - | €39,749 | +€39,749 | |
| Current assets | 29/58 | €12,374 | €6,294 | -€6,080 | -49.1% |
| Amounts receivable within one year | 40/41 | €460 | €2,191 | +€1,732 | +377% |
| Trade receivables | 40 | - | €1,234 | +€1,234 | |
| Other amounts receivable | 41 | €460 | €957 | +€497 | +108% |
| Cash at bank and in hand | 54/58 | €7,781 | €3,653 | -€4,128 | -53.0% |
| Deferred charges and accrued income | 490/1 | €4,133 | €450 | -€3,683 | -89.1% |
| Total equity and liabilities | 10/49 | €54,256 | €87,138 | +€32,882 | +60.6% |
| Equity | 10/15 | €15,792 | €6,143 | -€9,650 | -61.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €96,500 | €96,500 | = | 0.0% |
| Distributable reserves | 133 | €96,500 | €96,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,708 | -€100,357 | -€9,650 | -10.6% |
| Amounts payable | 17/49 | €38,464 | €80,995 | +€42,531 | +111% |
| Amounts payable after more than one year | 17 | - | €28,896 | +€28,896 | |
| Financial debts | 170/4 | - | €28,896 | +€28,896 | |
| Amounts payable within one year | 42/48 | €38,464 | €52,099 | +€13,636 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,983 | +€9,983 | |
| Trade debts | 44 | €475 | - | -€475 | |
| Suppliers | 440/4 | €475 | - | -€475 | |
| Advances received on contracts in progress | 46 | €1,987 | €150 | -€1,837 | -92.5% |
| Taxes, remuneration and social security | 45 | €87 | €286 | +€199 | +228% |
| Taxes | 450/3 | €87 | €286 | +€199 | +228% |
| Other amounts payable | 47/48 | €35,915 | €41,680 | +€5,765 | +16.1% |
| Non-recurring operating income | 76A | €2,374 | €12,000 | +€9,626 | +405% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,244 | €17,001 | +€758 | +4.7% |
| Other operating charges | 640/8 | €1,654 | €1,978 | +€324 | +19.6% |
| Non-recurring operating charges | 66A | €2,374 | €3,112 | +€737 | +31.1% |
| Gross operating margin | 9900 | -€2,308 | €14,298 | +€16,606 | |
| Operating profit (loss) | 9901 | -€22,579 | -€7,794 | +€14,786 | +65.5% |
| Financial income | 75/76B | €39 | €237 | +€199 | +510% |
| Recurring financial income | 75 | €39 | €237 | +€199 | +510% |
| Financial charges | 65/66B | €1,004 | €824 | -€180 | -17.9% |
| Recurring financial charges | 65 | €1,004 | €824 | -€180 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,545 | -€8,381 | +€15,164 | +64.4% |
| Income taxes | 67/77 | €1,525 | €1,269 | -€255 | -16.7% |
| Profit (loss) for the period | 9904 | -€25,069 | -€9,650 | +€15,419 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,069 | -€9,650 | +€15,419 | +61.5% |
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 16 October 2026 via checked.be.