GeMo&do: 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&do
Largest movements
- Cash +€252,876
up €252,876 (+62.1%), from €407,096 to €659,972
mainly Current investments (+€200,000) and Net result for the year (+€122,569)
- Current investments -€200,000
down €200,000 (-67.2%), from €297,414 to €97,414
- Tangible fixed assets +€14,017
up €14,017 (+467.9%), from €2,996 to €17,013
of which Land and buildings: +€14,220
- Receivables within one year -€12,386
down €12,386 (-26.2%), from €47,328 to €34,943
of which Trade receivables: -€17,807
- Other debts +€45,294
up €45,294 (+52.3%), from €86,569 to €131,863
- Reserves +€18,035
up €18,035 (+3.0%), from €602,479 to €620,514
of which Distributable reserves: +€18,035
- Gross operating margin -€22,462
down €22,462 (-11.3%), from €198,473 to €176,011
- Financial income +€3,875
up €3,875 (+24.4%), from €15,908 to €19,783
- Taxes +€2,507
up €2,507 (+4.1%), from €61,106 to €63,613
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 | €805,049 | €859,557 | +€54,508 | +6.8% |
| Fixed assets | 21/28 | €52,996 | €67,013 | +€14,017 | +26.4% |
| Tangible fixed assets | 22/27 | €2,996 | €17,013 | +€14,017 | +467.9% |
| Land and buildings | 22 | €2,793 | €17,013 | +€14,220 | +509.2% |
| Plant, machinery and equipment | 23 | €203 | - | -€203 | |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €752,053 | €792,544 | +€40,491 | +5.4% |
| Amounts receivable within one year | 40/41 | €47,328 | €34,943 | -€12,386 | -26.2% |
| Trade receivables | 40 | €43,768 | €25,961 | -€17,807 | -40.7% |
| Other amounts receivable | 41 | €3,560 | €8,981 | +€5,422 | +152.3% |
| Current investments | 50/53 | €297,414 | €97,414 | -€200,000 | -67.2% |
| Cash at bank and in hand | 54/58 | €407,096 | €659,972 | +€252,876 | +62.1% |
| Deferred charges and accrued income | 490/1 | €216 | €216 | = | 0.0% |
| Total equity and liabilities | 10/49 | €805,049 | €859,557 | +€54,508 | +6.8% |
| Equity | 10/15 | €682,603 | €700,638 | +€18,035 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €602,479 | €620,514 | +€18,035 | +3.0% |
| 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 | €600,619 | €618,654 | +€18,035 | +3.0% |
| Profit (loss) carried forward | 14 | €61,523 | €61,523 | = | 0.0% |
| Amounts payable | 17/49 | €122,447 | €158,920 | +€36,473 | +29.8% |
| Amounts payable within one year | 42/48 | €122,447 | €158,920 | +€36,473 | +29.8% |
| Trade debts | 44 | €4,664 | €818 | -€3,846 | -82.5% |
| Suppliers | 440/4 | €4,664 | €818 | -€3,846 | -82.5% |
| Taxes, remuneration and social security | 45 | €31,213 | €26,239 | -€4,974 | -15.9% |
| Taxes | 450/3 | €31,213 | €26,239 | -€4,974 | -15.9% |
| Other amounts payable | 47/48 | €86,569 | €131,863 | +€45,294 | +52.3% |
| Non-recurring operating income | 76A | €9,563 | - | -€9,563 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €1,218 | +€345 | +39.5% |
| Other operating charges | 640/8 | €7,468 | €8,095 | +€628 | +8.4% |
| Gross operating margin | 9900 | €198,473 | €176,011 | -€22,462 | -11.3% |
| Operating profit (loss) | 9901 | €190,132 | €166,698 | -€23,434 | -12.3% |
| Financial income | 75/76B | €15,908 | €19,783 | +€3,875 | +24.4% |
| Recurring financial income | 75 | €15,908 | €19,783 | +€3,875 | +24.4% |
| Financial charges | 65/66B | €113 | €299 | +€187 | +165.9% |
| Recurring financial charges | 65 | €113 | €299 | +€187 | +165.9% |
| Profit (loss) for the period before taxes | 9903 | €205,927 | €186,181 | -€19,746 | -9.6% |
| Income taxes | 67/77 | €61,106 | €63,613 | +€2,507 | +4.1% |
| Profit (loss) for the period | 9904 | €144,822 | €122,569 | -€22,253 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,822 | €122,569 | -€22,253 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.