Gemma: 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.
Gemma
Largest movements
- Stocks and contracts +€94,527
up €94,527 (+24.1%), from €391,651 to €486,178
- Cash -€7,153
down €7,153 (-83.3%), from €8,591 to €1,437
mainly Stocks and contracts (-€94,527) and Net result for the year (-€18,338)
- Other debts +€55,514
up €55,514 (+100.6%), from €55,161 to €110,676
- Trade debts +€47,298
up €47,298 (+132.8%), from €35,627 to €82,925
- Profit (loss) carried forward -€18,338
down €18,338 (-98.3%), from -€18,646 to -€36,985
- Gross operating margin +€632
up €632 (+18.7%), from -€3,378 to -€2,746
- Financial charges +€198
up €198 (+1.3%), from €15,268 to €15,467
- Other operating charges +€126
new in 2025: €126
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.
Cash bridge derived
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 | €400,242 | €487,616 | +€87,374 | +21.8% |
| Current assets | 29/58 | €400,242 | €487,616 | +€87,374 | +21.8% |
| Stocks and contracts in progress | 3 | €391,651 | €486,178 | +€94,527 | +24.1% |
| Stocks | 30/36 | €391,651 | €486,178 | +€94,527 | +24.1% |
| Cash at bank and in hand | 54/58 | €8,591 | €1,437 | -€7,153 | -83.3% |
| Total equity and liabilities | 10/49 | €400,242 | €487,616 | +€87,374 | +21.8% |
| Equity | 10/15 | -€13,646 | -€31,985 | -€18,338 | -134.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,646 | -€36,985 | -€18,338 | -98.3% |
| Amounts payable | 17/49 | €413,888 | €519,600 | +€105,712 | +25.5% |
| Amounts payable within one year | 42/48 | €413,888 | €519,600 | +€105,712 | +25.5% |
| Financial debts | 43 | €323,100 | €326,000 | +€2,900 | +0.9% |
| Credit institutions | 430/8 | €323,100 | €326,000 | +€2,900 | +0.9% |
| Trade debts | 44 | €35,627 | €82,925 | +€47,298 | +132.8% |
| Suppliers | 440/4 | €35,627 | €82,925 | +€47,298 | +132.8% |
| Other amounts payable | 47/48 | €55,161 | €110,676 | +€55,514 | +100.6% |
| Other operating charges | 640/8 | - | €126 | +€126 | |
| Gross operating margin | 9900 | -€3,378 | -€2,746 | +€632 | +18.7% |
| Operating profit (loss) | 9901 | -€3,378 | -€2,872 | +€506 | +15.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €15,268 | €15,467 | +€198 | +1.3% |
| Recurring financial charges | 65 | €15,268 | €15,467 | +€198 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,646 | -€18,338 | +€308 | +1.7% |
| Profit (loss) for the period | 9904 | -€18,646 | -€18,338 | +€308 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,646 | -€18,338 | +€308 | +1.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.