GEMMA EUROPA: what changed
What changed
GEMMA EUROPA
NACE 46.480, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€92,677
2023 · -€140,566+€47,889
Equity
-€599,354
2023 · -€506,678-€92,677
Cash
€99
2023 · €34+€66
Balance sheet total
€10.1m
2023 · €9.6m+€474,736
Largest movements
Assets
- Receivables within one year +€458,905
up €458,905 (+6.2%), from €7.4m to €7.8m
of which Trade receivables: +€474,419
Equity and liabilities
- Trade debts +€556,525
up €556,525 (+6.8%), from €8.2m to €8.8m
Income statement
- Taxes -€65,000
no longer reported in 2024 (was €65,000)
- Purchases and services +€45,169
up €45,169 (+22.2%), from €203,080 to €248,250
- Gross operating margin -€41,177
down €41,177 (-151%), from -€27,327 to -€68,504
- Depreciation -€12,451
down €12,451 (-62.9%), from €19,798 to €7,347
- Turnover +€3,993
up €3,993 (+2.3%), from €175,753 to €179,745
Change in the result, 2023 to 2024
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 2023
-€140,566
Gross operating margin
-€41,177
Staff costs
-€2,789
Depreciation
+€12,451
Other operating charges
+€3,246
Other operating items
+€9,950
Financial income
+€1,271
Financial charges
-€63
Taxes
+€65,000
Result 2024
-€92,677
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,103
Investment
-€5,037
Financing
€0
Cash 2023
€34
From operations (derived)
+€5,103
Net result for the year
-€92,677
Depreciation
+€7,347
Stocks and contracts
+€40,536
Receivables within one year
-€458,905
Deferred charges and accrued income
-€58,610
Trade debts
+€556,525
Tax, wage and social debts
+€2,451
Other debts
+€4,762
Accrued charges and deferred income
+€3,675
Investment (derived)
-€5,037
Investment in fixed assets (net)
-€5,037
Cash 2024
€99
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,625,940 | €10,100,675 | +€474,736 | +4.9% |
| Fixed assets | 21/28 | €98,376 | €96,066 | -€2,310 | -2.3% |
| Tangible fixed assets | 22/27 | €24,576 | €22,266 | -€2,310 | -9.4% |
| Plant, machinery and equipment | 23 | €18,601 | €17,377 | -€1,223 | -6.6% |
| Furniture and vehicles | 24 | €2,884 | €2,386 | -€498 | -17.3% |
| Other tangible fixed assets | 26 | €3,091 | €2,503 | -€588 | -19.0% |
| Financial fixed assets | 28 | €73,800 | €73,800 | = | 0.0% |
| Current assets | 29/58 | €9,527,564 | €10,004,609 | +€477,045 | +5.0% |
| Stocks and contracts in progress | 3 | €2,043,733 | €2,003,197 | -€40,536 | -2.0% |
| Stocks | 30/36 | €2,043,733 | €2,003,197 | -€40,536 | -2.0% |
| Amounts receivable within one year | 40/41 | €7,368,888 | €7,827,794 | +€458,905 | +6.2% |
| Trade receivables | 40 | €7,308,937 | €7,783,356 | +€474,419 | +6.5% |
| Other amounts receivable | 41 | €59,951 | €44,438 | -€15,514 | -25.9% |
| Cash at bank and in hand | 54/58 | €34 | €99 | +€66 | +195% |
| Deferred charges and accrued income | 490/1 | €114,909 | €173,519 | +€58,610 | +51.0% |
| Total equity and liabilities | 10/49 | €9,625,940 | €10,100,675 | +€474,736 | +4.9% |
| Equity | 10/15 | -€506,678 | -€599,354 | -€92,677 | -18.3% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€519,278 | -€611,954 | -€92,677 | -17.8% |
| Provisions and deferred taxes | 16 | €65,000 | €65,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €65,000 | €65,000 | = | 0.0% |
| Taxes | 161 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable | 17/49 | €10,067,617 | €10,635,030 | +€567,412 | +5.6% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial debts | 170/4 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,067,617 | €9,631,355 | +€563,737 | +6.2% |
| Trade debts | 44 | €8,202,116 | €8,758,641 | +€556,525 | +6.8% |
| Suppliers | 440/4 | €8,202,116 | €8,758,641 | +€556,525 | +6.8% |
| Taxes, remuneration and social security | 45 | €3,710 | €6,161 | +€2,451 | +66.0% |
| Taxes | 450/3 | €1,346 | €2,558 | +€1,212 | +90.0% |
| Remuneration and social security | 454/9 | €2,364 | €3,603 | +€1,239 | +52.4% |
| Other amounts payable | 47/48 | €861,792 | €866,553 | +€4,762 | +0.6% |
| Accrued charges and deferred income | 492/3 | - | €3,675 | +€3,675 | |
| Turnover | 70 | €175,753 | €179,745 | +€3,993 | +2.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €203,080 | €248,250 | +€45,169 | +22.2% |
| Remuneration, social security and pensions | 62 | €11,881 | €14,670 | +€2,789 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,798 | €7,347 | -€12,451 | -62.9% |
| Other operating charges | 640/8 | €4,507 | €1,261 | -€3,246 | -72.0% |
| Non-recurring operating charges | 66A | €13,937 | €3,987 | -€9,950 | -71.4% |
| Gross operating margin | 9900 | -€27,327 | -€68,504 | -€41,177 | -151% |
| Operating profit (loss) | 9901 | -€77,450 | -€95,769 | -€18,319 | -23.7% |
| Financial income | 75/76B | €2,336 | €3,607 | +€1,271 | +54.4% |
| Recurring financial income | 75 | €2,336 | €3,607 | +€1,271 | +54.4% |
| Financial charges | 65/66B | €452 | €515 | +€63 | +14.0% |
| Recurring financial charges | 65 | €452 | €515 | +€63 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€75,566 | -€92,677 | -€17,111 | -22.6% |
| Income taxes | 67/77 | €65,000 | - | -€65,000 | |
| Profit (loss) for the period | 9904 | -€140,566 | -€92,677 | +€47,889 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,566 | -€92,677 | +€47,889 | +34.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.