Gemmlogic: 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.
Gemmlogic
Largest movements
- Receivables within one year +€16,521
up €16,521 (+346.9%), from €4,762 to €21,283
of which Trade receivables: +€17,179
- Cash +€10,161
up €10,161 (+13.7%), from €74,405 to €84,566
mainly Net result for the year (+€20,643) and Tax, wage and social debts (+€13,376)
- Tangible fixed assets +€1,916
up €1,916 (+43.8%), from €4,376 to €6,292
of which Plant, machinery and equipment: +€3,385
- Reserves +€19,843
up €19,843 (+16.0%), from €123,842 to €143,685
- Tax, wage and social debts +€13,376
up €13,376 (+98.3%), from €13,605 to €26,981
- Trade debts -€3,375
down €3,375 (-52.5%), from €6,424 to €3,049
- Gross operating margin -€10,440
down €10,440 (-25.2%), from €41,508 to €31,068
- Taxes -€2,779
down €2,779 (-20.4%), from €13,605 to €10,826
- Financial income +€1,107
up €1,107 (+61.6%), from €1,798 to €2,904
- Depreciation +€420
up €420 (+33.3%), from €1,259 to €1,679
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,272 | €186,675 | +€30,404 | +19.5% |
| Fixed assets | 21/28 | €4,376 | €6,292 | +€1,916 | +43.8% |
| Tangible fixed assets | 22/27 | €4,376 | €6,292 | +€1,916 | +43.8% |
| Plant, machinery and equipment | 23 | - | €3,385 | +€3,385 | |
| Furniture and vehicles | 24 | €4,376 | €2,907 | -€1,468 | -33.6% |
| Current assets | 29/58 | €151,896 | €180,384 | +€28,488 | +18.8% |
| Amounts receivable after more than one year | 29 | €72,229 | €74,035 | +€1,806 | +2.5% |
| Other amounts receivable | 291 | €72,229 | €74,035 | +€1,806 | +2.5% |
| Amounts receivable within one year | 40/41 | €4,762 | €21,283 | +€16,521 | +346.9% |
| Trade receivables | 40 | €4,104 | €21,283 | +€17,179 | +418.6% |
| Other amounts receivable | 41 | €658 | - | -€658 | |
| Cash at bank and in hand | 54/58 | €74,405 | €84,566 | +€10,161 | +13.7% |
| Deferred charges and accrued income | 490/1 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €156,272 | €186,675 | +€30,404 | +19.5% |
| Equity | 10/15 | €136,242 | €156,085 | +€19,843 | +14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €123,842 | €143,685 | +€19,843 | +16.0% |
| Distributable reserves | 133 | €123,842 | €143,685 | +€19,843 | +16.0% |
| Amounts payable | 17/49 | €20,029 | €30,590 | +€10,561 | +52.7% |
| Amounts payable within one year | 42/48 | €20,029 | €30,590 | +€10,561 | +52.7% |
| Trade debts | 44 | €6,424 | €3,049 | -€3,375 | -52.5% |
| Suppliers | 440/4 | €6,424 | €3,049 | -€3,375 | -52.5% |
| Taxes, remuneration and social security | 45 | €13,605 | €26,981 | +€13,376 | +98.3% |
| Taxes | 450/3 | €13,605 | €26,981 | +€13,376 | +98.3% |
| Other amounts payable | 47/48 | - | €560 | +€560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €1,679 | +€420 | +33.3% |
| Other operating charges | 640/8 | €406 | €668 | +€261 | +64.3% |
| Gross operating margin | 9900 | €41,508 | €31,068 | -€10,440 | -25.2% |
| Operating profit (loss) | 9901 | €39,843 | €28,722 | -€11,121 | -27.9% |
| Financial income | 75/76B | €1,798 | €2,904 | +€1,107 | +61.6% |
| Recurring financial income | 75 | €1,798 | €2,904 | +€1,107 | +61.6% |
| Financial charges | 65/66B | €518 | €157 | -€361 | -69.6% |
| Recurring financial charges | 65 | €518 | €157 | -€361 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €41,122 | €31,469 | -€9,653 | -23.5% |
| Income taxes | 67/77 | €13,605 | €10,826 | -€2,779 | -20.4% |
| Profit (loss) for the period | 9904 | €27,517 | €20,643 | -€6,874 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,517 | €20,643 | -€6,874 | -25.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.