GeMMa CONSULT: what changed
Two fiscal 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 CONSULT
Largest movements
- Receivables after one year -€26,000
down €26,000 (-32.9%), from €79,000 to €53,000
- Cash -€13,252
down €13,252 (-89.8%), from €14,762 to €1,510
mainly Net result for the year (-€31,919) and Tax, wage and social debts (-€17,177)
- Receivables within one year -€6,811
down €6,811 (-33.8%), from €20,168 to €13,357
of which Trade receivables: -€7,150
- Profit (loss) carried forward -€31,919
down €31,919, from €2,277 to -€29,643
- Tax, wage and social debts -€17,177
down €17,177 (-98.6%), from €17,428 to €251
- Trade debts +€2,976
up €2,976 (+26.3%), from €11,309 to €14,285
- Gross operating margin -€131,963
down €131,963, from €104,239 to -€27,724
- Write-downs -€60,000
no longer reported in 2025 (was €60,000)
- Taxes -€10,549
down €10,549 (-80.6%), from €13,083 to €2,533
- Financial income +€1,313
up €1,313 (+66.5%), from €1,975 to €3,288
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 | €125,377 | €78,823 | -€46,554 | -37.1% |
| Fixed assets | 21/28 | €11,447 | €10,956 | -€491 | -4.3% |
| Tangible fixed assets | 22/27 | €10,517 | €10,026 | -€491 | -4.7% |
| Furniture and vehicles | 24 | €10,517 | €10,026 | -€491 | -4.7% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €113,930 | €67,867 | -€46,063 | -40.4% |
| Amounts receivable after more than one year | 29 | €79,000 | €53,000 | -€26,000 | -32.9% |
| Other amounts receivable | 291 | €79,000 | €53,000 | -€26,000 | -32.9% |
| Amounts receivable within one year | 40/41 | €20,168 | €13,357 | -€6,811 | -33.8% |
| Trade receivables | 40 | €19,765 | €12,615 | -€7,150 | -36.2% |
| Other amounts receivable | 41 | €403 | €742 | +€339 | +84.1% |
| Cash at bank and in hand | 54/58 | €14,762 | €1,510 | -€13,252 | -89.8% |
| Total equity and liabilities | 10/49 | €125,377 | €78,823 | -€46,554 | -37.1% |
| Equity | 10/15 | €90,996 | €59,077 | -€31,919 | -35.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €76,320 | €76,320 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €74,460 | €74,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,277 | -€29,643 | -€31,919 | |
| Provisions and deferred taxes | 16 | €1,787 | €1,787 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,787 | €1,787 | = | 0.0% |
| Pensions and similar obligations | 160 | €1,787 | €1,787 | = | 0.0% |
| Amounts payable | 17/49 | €32,594 | €17,959 | -€14,634 | -44.9% |
| Amounts payable within one year | 42/48 | €29,171 | €14,536 | -€14,634 | -50.2% |
| Trade debts | 44 | €11,309 | €14,285 | +€2,976 | +26.3% |
| Suppliers | 440/4 | €11,309 | €14,285 | +€2,976 | +26.3% |
| Taxes, remuneration and social security | 45 | €17,428 | €251 | -€17,177 | -98.6% |
| Taxes | 450/3 | €17,428 | €251 | -€17,177 | -98.6% |
| Other amounts payable | 47/48 | €434 | - | -€434 | |
| Accrued charges and deferred income | 492/3 | €3,423 | €3,423 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,729 | €3,761 | +€1,032 | +37.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,000 | - | -€60,000 | |
| Other operating charges | 640/8 | €1,089 | €1,137 | +€48 | +4.4% |
| Gross operating margin | 9900 | €104,239 | -€27,724 | -€131,963 | |
| Operating profit (loss) | 9901 | €40,421 | -€32,622 | -€73,043 | |
| Financial income | 75/76B | €1,975 | €3,288 | +€1,313 | +66.5% |
| Recurring financial income | 75 | €1,975 | €3,288 | +€1,313 | +66.5% |
| Financial charges | 65/66B | €99 | €52 | -€47 | -47.6% |
| Recurring financial charges | 65 | €99 | €52 | -€47 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €42,298 | -€29,386 | -€71,684 | |
| Income taxes | 67/77 | €13,083 | €2,533 | -€10,549 | -80.6% |
| Profit (loss) for the period | 9904 | €29,215 | -€31,919 | -€61,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,215 | -€31,919 | -€61,135 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.