GEMO: 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.
GEMO
Largest movements
- Cash -€15,537
down €15,537 (-35.6%), from €43,647 to €28,111
mainly Tax, wage and social debts (-€7,742) and Net result for the year (-€7,452)
- Receivables within one year +€1,600
up €1,600 (+271.3%), from €590 to €2,190
of which Other amounts receivable: +€1,721
- Tangible fixed assets -€909
down €909 (-43.6%), from €2,087 to €1,178
- Tax, wage and social debts -€7,742
down €7,742 (-74.3%), from €10,414 to €2,673
of which Remuneration and social security: -€7,047
- Profit (loss) carried forward -€7,452
down €7,452 (-50.8%), from €14,666 to €7,214
- Gross operating margin -€10,908
down €10,908, from €5,571 to -€5,338
- Taxes -€1,145
down €1,145 (-89.9%), from €1,273 to €128
- Other operating charges -€154
down €154 (-15.8%), from €975 to €820
- Write-downs +€121
new in 2024: €121
- Depreciation -€76
down €76 (-7.8%), from €986 to €909
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 | €46,667 | €31,528 | -€15,139 | -32.4% |
| Fixed assets | 21/28 | €2,137 | €1,228 | -€909 | -42.5% |
| Tangible fixed assets | 22/27 | €2,087 | €1,178 | -€909 | -43.6% |
| Plant, machinery and equipment | 23 | €2,087 | €1,178 | -€909 | -43.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €44,530 | €30,300 | -€14,229 | -32.0% |
| Amounts receivable within one year | 40/41 | €590 | €2,190 | +€1,600 | +271.3% |
| Trade receivables | 40 | €121 | - | -€121 | |
| Other amounts receivable | 41 | €469 | €2,190 | +€1,721 | +367.1% |
| Cash at bank and in hand | 54/58 | €43,647 | €28,111 | -€15,537 | -35.6% |
| Deferred charges and accrued income | 490/1 | €292 | - | -€292 | |
| Total equity and liabilities | 10/49 | €46,667 | €31,528 | -€15,139 | -32.4% |
| Equity | 10/15 | €35,126 | €27,674 | -€7,452 | -21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,666 | €7,214 | -€7,452 | -50.8% |
| Amounts payable | 17/49 | €11,541 | €3,855 | -€7,686 | -66.6% |
| Amounts payable within one year | 42/48 | €11,541 | €3,855 | -€7,686 | -66.6% |
| Trade debts | 44 | €1,127 | €1,182 | +€55 | +4.9% |
| Suppliers | 440/4 | €1,127 | €1,182 | +€55 | +4.9% |
| Taxes, remuneration and social security | 45 | €10,414 | €2,673 | -€7,742 | -74.3% |
| Taxes | 450/3 | €2,867 | €2,173 | -€694 | -24.2% |
| Remuneration and social security | 454/9 | €7,547 | €500 | -€7,047 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €986 | €909 | -€76 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €121 | +€121 | |
| Other operating charges | 640/8 | €975 | €820 | -€154 | -15.8% |
| Gross operating margin | 9900 | €5,571 | -€5,338 | -€10,908 | |
| Operating profit (loss) | 9901 | €3,610 | -€7,189 | -€10,798 | |
| Financial charges | 65/66B | €146 | €136 | -€11 | -7.2% |
| Recurring financial charges | 65 | €146 | €136 | -€11 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €3,463 | -€7,324 | -€10,788 | |
| Income taxes | 67/77 | €1,273 | €128 | -€1,145 | -89.9% |
| Profit (loss) for the period | 9904 | €2,190 | -€7,452 | -€9,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,190 | -€7,452 | -€9,643 |
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 1 October 2026 via checked.be.