GEMONYX: 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.
What changed
GEMONYX
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · -€11.1m+€15.1m
Equity
€71.1m
2024 · €97.1m-€26.0m
Cash
€2.0m
2024 · €3.9m-€1.9m
Balance sheet total
€81.3m
2024 · €116.4m-€35.1m
Largest movements
Assets
- Receivables within one year -€22.6m
down €22.6m (-35.5%), from €63.6m to €41.0m
of which Trade receivables: -€43.4m
- Stocks and contracts -€9.7m
down €9.7m (-20.3%), from €47.7m to €38.0m
- Cash -€1.9m
down €1.9m (-47.9%), from €3.9m to €2.0m
mainly Contributions, distributions and other (-€30.0m) and Trade debts (-€9.3m)
Equity and liabilities
- Reserves -€26.0m
down €26.0m (-27.1%), from €96.1m to €70.1m
of which Distributable reserves: -€26.0m
- Trade debts -€9.3m
down €9.3m (-53.2%), from €17.4m to €8.2m
Income statement
- Turnover +€42.7m
up €42.7m (+21.2%), from €201.9m to €244.6m
- Goods and materials +€26.5m
up €26.5m (+12.9%), from €205.1m to €231.6m
of which Purchases: +€46.7m
- Financial charges +€3.3m
up €3.3m (+14136.0%), from €23,171 to €3.3m
- Other operating charges -€3.0m
down €3.0m (-97.8%), from €3.1m to €67,589
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.
Result 2024
-€11.1m
Turnover
+€42.7m
Other operating income
+€1.1m
Goods and materials
-€26.5m
Services and other goods
-€749,574
Write-downs
-€816,409
Other operating charges
+€3.0m
Other operating items
+€1.6m
Financial income
-€2.2m
Financial charges
-€3.3m
Taxes
+€149,327
Result 2025
€4.0m
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.
From operations
+€28.1m
Investment
€0
Financing
-€30.0m
Cash 2024
€3.9m
From operations (derived)
+€28.1m
Net result for the year
+€4.0m
Stocks and contracts
+€9.7m
Receivables within one year
+€22.6m
Deferred charges and accrued income
+€1.0m
Trade debts
-€9.3m
Tax, wage and social debts
+€523,023
Accrued charges and deferred income
-€329,901
Financing
-€30.0m
Contributions, distributions and other
-€30.0m
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,419,938 | €81,286,518 | -€35.1m | -30.2% |
| Current assets | 29/58 | €116,419,938 | €81,286,518 | -€35.1m | -30.2% |
| Stocks and contracts in progress | 3 | €47,704,442 | €38,036,499 | -€9.7m | -20.3% |
| Stocks | 30/36 | €47,704,442 | €38,036,499 | -€9.7m | -20.3% |
| Goods purchased for resale | 34 | €35,661,225 | €38,017,150 | +€2.4m | +6.6% |
| Advance payments | 36 | €12,043,216 | €19,350 | -€12.0m | -99.8% |
| Amounts receivable within one year | 40/41 | €63,609,533 | €41,045,423 | -€22.6m | -35.5% |
| Trade receivables | 40 | €50,621,407 | €7,256,095 | -€43.4m | -85.7% |
| Other amounts receivable | 41 | €12,988,125 | €33,789,328 | +€20.8m | +160.2% |
| Cash at bank and in hand | 54/58 | €3,929,013 | €2,047,176 | -€1.9m | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,176,951 | €157,419 | -€1.0m | -86.6% |
| Total equity and liabilities | 10/49 | €116,419,938 | €81,286,518 | -€35.1m | -30.2% |
| Equity | 10/15 | €97,100,123 | €71,058,817 | -€26.0m | -26.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €96,100,123 | €70,058,817 | -€26.0m | -27.1% |
| Non-distributable reserves | 130/1 | €3,190,788 | €3,190,788 | = | 0.0% |
| Legal reserve | 130 | €3,190,788 | €3,190,788 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,973,304 | €1,973,304 | = | 0.0% |
| Distributable reserves | 133 | €90,936,031 | €64,894,725 | -€26.0m | -28.6% |
| Amounts payable | 17/49 | €19,319,815 | €10,227,701 | -€9.1m | -47.1% |
| Amounts payable within one year | 42/48 | €18,989,914 | €10,227,701 | -€8.8m | -46.1% |
| Trade debts | 44 | €17,444,044 | €8,158,808 | -€9.3m | -53.2% |
| Suppliers | 440/4 | €17,444,044 | €8,158,808 | -€9.3m | -53.2% |
| Taxes, remuneration and social security | 45 | €1,545,870 | €2,068,892 | +€523,023 | +33.8% |
| Taxes | 450/3 | €1,545,870 | €2,068,892 | +€523,023 | +33.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €329,901 | €0 | -€329,901 | -100.0% |
| Operating income | 70/76A | €201,967,467 | €247,423,369 | +€45.5m | +22.5% |
| Turnover | 70 | €201,884,854 | €244,598,691 | +€42.7m | +21.2% |
| Other operating income | 74 | €82,613 | €1,221,306 | +€1.1m | +1378.3% |
| Non-recurring operating income | 76A | - | €1,603,371 | +€1.6m | |
| Operating charges | 60/66A | €215,809,285 | €240,856,459 | +€25.0m | +11.6% |
| Goods for resale, raw materials and consumables | 60 | €205,119,967 | €231,585,708 | +€26.5m | +12.9% |
| Purchases | 600/8 | €188,081,072 | €234,758,041 | +€46.7m | +24.8% |
| Change in stocks: decrease (increase) | 609 | €17,038,894 | -€3,172,333 | -€20.2m | |
| Services and other goods | 61 | €7,637,179 | €8,386,753 | +€749,574 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €816,409 | +€816,409 | |
| Other operating charges | 640/8 | €3,052,139 | €67,589 | -€3.0m | -97.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | -€13,841,817 | €6,566,910 | +€20.4m | |
| Financial income | 75/76B | €2,864,758 | €681,298 | -€2.2m | -76.2% |
| Recurring financial income | 75 | €2,864,758 | €681,298 | -€2.2m | -76.2% |
| Income from current assets | 751 | €1,629,924 | €652,672 | -€977,252 | -60.0% |
| Other financial income | 752/9 | €1,234,834 | €28,626 | -€1.2m | -97.7% |
| Financial charges | 65/66B | €23,171 | €3,298,605 | +€3.3m | +14136.0% |
| Recurring financial charges | 65 | €23,171 | €3,298,605 | +€3.3m | +14136.0% |
| Debt charges | 650 | €0 | €261,509 | +€261,509 | |
| Other financial charges | 652/9 | €23,171 | €3,037,096 | +€3.0m | +13007.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,000,231 | €3,949,602 | +€14.9m | |
| Income taxes | 67/77 | €140,235 | -€9,092 | -€149,327 | |
| Taxes | 670/3 | €680,235 | €0 | -€680,235 | -100.0% |
| Tax adjustments and reversals of tax provisions | 77 | €540,000 | €9,092 | -€530,908 | -98.3% |
| Profit (loss) for the period | 9904 | -€11,140,466 | €3,958,694 | +€15.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,140,466 | €3,958,694 | +€15.1m |
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 28 September 2026 via checked.be.