GEMLAB (BELGIUM): 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.
GEMLAB (BELGIUM)
Largest movements
- Tangible fixed assets -€39,644
down €39,644 (-20.7%), from €191,725 to €152,081
- Receivables within one year -€21,550
down €21,550 (-32.8%), from €65,695 to €44,145
of which Other amounts receivable: -€43,027
- Trade debts -€121,219
down €121,219 (-99.9%), from €121,302 to €83
- Other debts +€117,377
up €117,377 (+74.6%), from €157,433 to €274,809
- Profit (loss) carried forward -€58,210
down €58,210 (-538%), from -€10,826 to -€69,036
- Staff costs +€34,638
up €34,638 (+34.6%), from €100,088 to €134,726
- Depreciation +€33,149
up €33,149 (+510%), from €6,495 to €39,644
- Financial charges +€19,961
up €19,961 (+527%), from €3,787 to €23,749
- Gross operating margin +€14,043
up €14,043 (+11.1%), from €126,183 to €140,226
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 | €292,262 | €227,461 | -€64,801 | -22.2% |
| Fixed assets | 21/28 | €195,725 | €156,081 | -€39,644 | -20.3% |
| Tangible fixed assets | 22/27 | €191,725 | €152,081 | -€39,644 | -20.7% |
| Plant, machinery and equipment | 23 | €191,725 | €152,081 | -€39,644 | -20.7% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €96,537 | €71,380 | -€25,157 | -26.1% |
| Amounts receivable within one year | 40/41 | €65,695 | €44,145 | -€21,550 | -32.8% |
| Trade receivables | 40 | €20,739 | €42,216 | +€21,477 | +104% |
| Other amounts receivable | 41 | €44,956 | €1,929 | -€43,027 | -95.7% |
| Cash at bank and in hand | 54/58 | €26,728 | €24,310 | -€2,418 | -9.0% |
| Deferred charges and accrued income | 490/1 | €4,114 | €2,925 | -€1,189 | -28.9% |
| Total equity and liabilities | 10/49 | €292,262 | €227,461 | -€64,801 | -22.2% |
| Equity | 10/15 | -€7,826 | -€66,036 | -€58,210 | -744% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,826 | -€69,036 | -€58,210 | -538% |
| Amounts payable | 17/49 | €300,088 | €293,497 | -€6,591 | -2.2% |
| Amounts payable within one year | 42/48 | €300,088 | €293,497 | -€6,591 | -2.2% |
| Trade debts | 44 | €121,302 | €83 | -€121,219 | -99.9% |
| Suppliers | 440/4 | €121,302 | €83 | -€121,219 | -99.9% |
| Taxes, remuneration and social security | 45 | €21,353 | €18,604 | -€2,749 | -12.9% |
| Remuneration and social security | 454/9 | €21,353 | €18,604 | -€2,749 | -12.9% |
| Other amounts payable | 47/48 | €157,433 | €274,809 | +€117,377 | +74.6% |
| Remuneration, social security and pensions | 62 | €100,088 | €134,726 | +€34,638 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,495 | €39,644 | +€33,149 | +510% |
| Other operating charges | 640/8 | €1,066 | €570 | -€496 | -46.5% |
| Gross operating margin | 9900 | €126,183 | €140,226 | +€14,043 | +11.1% |
| Operating profit (loss) | 9901 | €18,534 | -€34,714 | -€53,248 | |
| Financial income | 75/76B | €145 | €253 | +€108 | +74.5% |
| Recurring financial income | 75 | €145 | €253 | +€108 | +74.5% |
| Financial charges | 65/66B | €3,787 | €23,749 | +€19,961 | +527% |
| Recurring financial charges | 65 | €3,787 | €23,749 | +€19,961 | +527% |
| Profit (loss) for the period before taxes | 9903 | €14,891 | -€58,210 | -€73,102 | |
| Profit (loss) for the period | 9904 | €14,891 | -€58,210 | -€73,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,891 | -€58,210 | -€73,102 |
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 19 October 2026 via checked.be.