GEMO EDITIONS: what changed
Two financial 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 EDITIONS
Largest movements
- Receivables within one year -€8,418
down €8,418 (-96.6%), from €8,718 to €300
of which Trade receivables: -€6,165
- Cash +€4,570
up €4,570 (+680%), from €672 to €5,241
mainly Receivables within one year (+€8,418) and Deferred charges and accrued income (+€478)
- Tangible fixed assets +€1,111
new in 2025: €1,111
- Deferred charges and accrued income -€478
down €478 (-41.3%), from €1,157 to €679
- Profit (loss) carried forward -€3,264
down €3,264 (-19.6%), from -€16,691 to -€19,956
- Trade debts +€354
up €354 (+93.2%), from €380 to €734
- Other debts -€173
down €173 (-1.2%), from €14,546 to €14,374
- Tax, wage and social debts -€132
down €132 (-24.7%), from €536 to €404
- Gross operating margin -€2,473
down €2,473 (-709%), from -€349 to -€2,821
- Financial income +€609
up €609 (+2,029,900%), from €0 to €609
- Depreciation +€49
up €49 (+85.0%), from €58 to €107
- Staff costs -€43
no longer reported in 2025 (was €43)
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.
Derived cash bridge
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 | €10,547 | €7,331 | -€3,216 | -30.5% |
| Fixed assets | 21/28 | - | €1,111 | +€1,111 | |
| Tangible fixed assets | 22/27 | - | €1,111 | +€1,111 | |
| Furniture and vehicles | 24 | - | €1,111 | +€1,111 | |
| Current assets | 29/58 | €10,547 | €6,220 | -€4,327 | -41.0% |
| Amounts receivable within one year | 40/41 | €8,718 | €300 | -€8,418 | -96.6% |
| Trade receivables | 40 | €6,465 | €300 | -€6,165 | -95.4% |
| Other amounts receivable | 41 | €2,253 | - | -€2,253 | |
| Cash at bank and in hand | 54/58 | €672 | €5,241 | +€4,570 | +680% |
| Deferred charges and accrued income | 490/1 | €1,157 | €679 | -€478 | -41.3% |
| Total equity and liabilities | 10/49 | €10,547 | €7,331 | -€3,216 | -30.5% |
| Equity | 10/15 | -€4,916 | -€8,180 | -€3,264 | -66.4% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,691 | -€19,956 | -€3,264 | -19.6% |
| Amounts payable | 17/49 | €15,463 | €15,511 | +€49 | +0.3% |
| Amounts payable within one year | 42/48 | €15,463 | €15,511 | +€49 | +0.3% |
| Trade debts | 44 | €380 | €734 | +€354 | +93.2% |
| Suppliers | 440/4 | €380 | €734 | +€354 | +93.2% |
| Taxes, remuneration and social security | 45 | €536 | €404 | -€132 | -24.7% |
| Taxes | 450/3 | €536 | €404 | -€132 | -24.7% |
| Other amounts payable | 47/48 | €14,546 | €14,374 | -€173 | -1.2% |
| Remuneration, social security and pensions | 62 | €43 | - | -€43 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58 | €107 | +€49 | +85.0% |
| Other operating charges | 640/8 | €285 | €295 | +€10 | +3.4% |
| Gross operating margin | 9900 | -€349 | -€2,821 | -€2,473 | -709% |
| Operating profit (loss) | 9901 | -€735 | -€3,223 | -€2,488 | -339% |
| Financial income | 75/76B | €0 | €609 | +€609 | +2,029,900% |
| Recurring financial income | 75 | €0 | €609 | +€609 | +2,029,900% |
| Financial charges | 65/66B | €502 | €495 | -€7 | -1.3% |
| Recurring financial charges | 65 | €502 | €495 | -€7 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,237 | -€3,110 | -€1,873 | -151% |
| Income taxes | 67/77 | €158 | €155 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | -€1,395 | -€3,264 | -€1,869 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,395 | -€3,264 | -€1,869 | -134% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.