GEMME: 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.
GEMME
Largest movements
- Tangible fixed assets -€11,735
down €11,735 (-7.2%), from €162,153 to €150,418
of which Plant, machinery and equipment: -€10,953
- Stocks and contracts -€9,266
down €9,266 (-10.0%), from €92,834 to €83,568
- Debts after one year +€21,658
up €21,658 (+22.3%), from €96,910 to €118,568
- Profit (loss) carried forward -€20,475
down €20,475 (-103.6%), from -€19,757 to -€40,232
- Trade debts -€16,672
down €16,672 (-19.5%), from €85,624 to €68,952
- Tax, wage and social debts -€14,328
down €14,328 (-50.0%), from €28,628 to €14,300
of which Taxes: -€13,009
- Other debts +€6,416
up €6,416 (+314.5%), from €2,040 to €8,456
- Gross operating margin -€18,505
down €18,505 (-35.3%), from €52,403 to €33,898
- Purchases and services -€17,268
down €17,268 (-19.5%), from €88,483 to €71,215
- Turnover -€16,763
down €16,763 (-13.8%), from €121,876 to €105,113
- Staff costs +€5,082
up €5,082 (+23.0%), from €22,136 to €27,218
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 | €273,256 | €247,819 | -€25,437 | -9.3% |
| Formation expenses | 20 | €1,802 | €816 | -€986 | -54.7% |
| Fixed assets | 21/28 | €162,408 | €150,673 | -€11,735 | -7.2% |
| Tangible fixed assets | 22/27 | €162,153 | €150,418 | -€11,735 | -7.2% |
| Plant, machinery and equipment | 23 | €157,696 | €146,743 | -€10,953 | -6.9% |
| Furniture and vehicles | 24 | €1,557 | €775 | -€782 | -50.2% |
| Assets under construction and advance payments | 27 | €2,900 | €2,900 | = | 0.0% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €109,046 | €96,330 | -€12,716 | -11.7% |
| Stocks and contracts in progress | 3 | €92,834 | €83,568 | -€9,266 | -10.0% |
| Stocks | 30/36 | €92,834 | €83,568 | -€9,266 | -10.0% |
| Amounts receivable within one year | 40/41 | €6,787 | €5,060 | -€1,727 | -25.4% |
| Trade receivables | 40 | €6,787 | €5,060 | -€1,727 | -25.4% |
| Cash at bank and in hand | 54/58 | €1,368 | €1,280 | -€88 | -6.4% |
| Deferred charges and accrued income | 490/1 | €8,057 | €6,422 | -€1,635 | -20.3% |
| Total equity and liabilities | 10/49 | €273,256 | €247,819 | -€25,437 | -9.3% |
| Equity | 10/15 | €15,243 | -€5,232 | -€20,475 | |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,757 | -€40,232 | -€20,475 | -103.6% |
| Amounts payable | 17/49 | €258,013 | €253,051 | -€4,962 | -1.9% |
| Amounts payable after more than one year | 17 | €96,910 | €118,568 | +€21,658 | +22.3% |
| Financial debts | 170/4 | €96,910 | €118,568 | +€21,658 | +22.3% |
| Amounts payable within one year | 42/48 | €159,197 | €133,165 | -€26,032 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €18,068 | €18,343 | +€275 | +1.5% |
| Financial debts | 43 | €24,837 | €23,114 | -€1,723 | -6.9% |
| Credit institutions | 430/8 | €24,837 | €23,114 | -€1,723 | -6.9% |
| Trade debts | 44 | €85,624 | €68,952 | -€16,672 | -19.5% |
| Suppliers | 440/4 | €85,624 | €68,952 | -€16,672 | -19.5% |
| Taxes, remuneration and social security | 45 | €28,628 | €14,300 | -€14,328 | -50.0% |
| Taxes | 450/3 | €21,620 | €8,611 | -€13,009 | -60.2% |
| Remuneration and social security | 454/9 | €7,008 | €5,689 | -€1,319 | -18.8% |
| Other amounts payable | 47/48 | €2,040 | €8,456 | +€6,416 | +314.5% |
| Accrued charges and deferred income | 492/3 | €1,906 | €1,318 | -€588 | -30.8% |
| Turnover | 70 | €121,876 | €105,113 | -€16,763 | -13.8% |
| Non-recurring operating income | 76A | €19,010 | - | -€19,010 | |
| Goods, raw materials, services and sundry goods | 60/61 | €88,483 | €71,215 | -€17,268 | -19.5% |
| Remuneration, social security and pensions | 62 | €22,136 | €27,218 | +€5,082 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,433 | €12,721 | -€712 | -5.3% |
| Other operating charges | 640/8 | €2,941 | €2,123 | -€818 | -27.8% |
| Non-recurring operating charges | 66A | €944 | €6,508 | +€5,564 | +589.4% |
| Gross operating margin | 9900 | €52,403 | €33,898 | -€18,505 | -35.3% |
| Operating profit (loss) | 9901 | €12,949 | -€14,672 | -€27,621 | |
| Financial charges | 65/66B | €6,599 | €5,803 | -€796 | -12.1% |
| Recurring financial charges | 65 | €6,599 | €5,803 | -€796 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €6,350 | -€20,475 | -€26,825 | |
| Profit (loss) for the period | 9904 | €6,350 | -€20,475 | -€26,825 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,350 | -€20,475 | -€26,825 |
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 29 September 2026 via checked.be.