GEMPENHOF SCM: 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.
GEMPENHOF SCM
Largest movements
- Tangible fixed assets -€1.6m
down €1.6m (-92.8%), from €1.7m to €125,819
of which Land and buildings: -€1.7m
- Stocks and contracts +€980,388
new in 2025: €980,388
- Cash +€522,808
up €522,808 (+56,994%), from €917 to €523,726
mainly Investment in fixed assets (net) (+€1.6m) and Net result for the year (+€403,484)
- Short-term financial debts -€414,948
down €414,948 (-38.3%), from €1.1m to €668,241
- Reserves +€372,322
new in 2025: €372,322
- Debts after one year -€166,115
down €166,115 (-44.2%), from €376,115 to €210,000
- Provisions +€93,081
new in 2025: €93,081
- Other debts -€47,398
down €47,398 (-19.4%), from €244,661 to €197,262
- Gross operating margin +€568,219
up €568,219 (+1,702%), from €33,379 to €601,598
- Financial charges -€33,912
down €33,912 (-37.0%), from €91,549 to €57,637
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 | €1,854,774 | €1,727,154 | -€127,620 | -6.9% |
| Fixed assets | 21/28 | €1,757,356 | €125,819 | -€1.6m | -92.8% |
| Intangible fixed assets | 21 | €12,368 | €0 | -€12,368 | -100% |
| Tangible fixed assets | 22/27 | €1,744,988 | €125,819 | -€1.6m | -92.8% |
| Land and buildings | 22 | €1,715,893 | €0 | -€1.7m | -100% |
| Furniture and vehicles | 24 | €29,094 | €125,819 | +€96,725 | +332% |
| Current assets | 29/58 | €97,418 | €1,601,335 | +€1.5m | +1,544% |
| Stocks and contracts in progress | 3 | - | €980,388 | +€980,388 | |
| Stocks | 30/36 | - | €980,388 | +€980,388 | |
| Amounts receivable within one year | 40/41 | €94,520 | €94,520 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €94,520 | €94,520 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €917 | €523,726 | +€522,808 | +56,994% |
| Deferred charges and accrued income | 490/1 | €1,981 | €2,701 | +€720 | +36.4% |
| Total equity and liabilities | 10/49 | €1,854,774 | €1,727,154 | -€127,620 | -6.9% |
| Equity | 10/15 | -€34,287 | €369,197 | +€403,484 | |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | - | €372,322 | +€372,322 | |
| Tax-exempt reserves | 132 | - | €372,322 | +€372,322 | |
| Profit (loss) carried forward | 14 | -€204,287 | -€173,126 | +€31,161 | +15.3% |
| Provisions and deferred taxes | 16 | - | €93,081 | +€93,081 | |
| Deferred taxes | 168 | - | €93,081 | +€93,081 | |
| Amounts payable | 17/49 | €1,889,061 | €1,264,877 | -€624,185 | -33.0% |
| Amounts payable after more than one year | 17 | €376,115 | €210,000 | -€166,115 | -44.2% |
| Financial debts | 170/4 | €376,115 | €210,000 | -€166,115 | -44.2% |
| Amounts payable within one year | 42/48 | €1,503,883 | €1,038,042 | -€465,841 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €172,968 | €150,000 | -€22,968 | -13.3% |
| Financial debts | 43 | €1,083,189 | €668,241 | -€414,948 | -38.3% |
| Credit institutions | 430/8 | €1,083,189 | €668,241 | -€414,948 | -38.3% |
| Trade debts | 44 | €2,250 | €13,795 | +€11,546 | +513% |
| Suppliers | 440/4 | €2,250 | €13,795 | +€11,546 | +513% |
| Taxes, remuneration and social security | 45 | €816 | €8,743 | +€7,927 | +971% |
| Taxes | 450/3 | €816 | €8,743 | +€7,927 | +971% |
| Other amounts payable | 47/48 | €244,661 | €197,262 | -€47,398 | -19.4% |
| Accrued charges and deferred income | 492/3 | €9,063 | €16,835 | +€7,772 | +85.7% |
| Non-recurring operating income | 76A | - | €509,613 | +€509,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,790 | €21,093 | +€3,303 | +18.6% |
| Other operating charges | 640/8 | €8,039 | €13,917 | +€5,878 | +73.1% |
| Non-recurring operating charges | 66A | €0 | €12,368 | +€12,368 | |
| Gross operating margin | 9900 | €33,379 | €601,598 | +€568,219 | +1,702% |
| Operating profit (loss) | 9901 | €7,550 | €554,221 | +€546,671 | +7,240% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €91,549 | €57,637 | -€33,912 | -37.0% |
| Recurring financial charges | 65 | €91,549 | €57,637 | -€33,912 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | -€83,998 | €496,643 | +€580,641 | |
| Transfer to deferred taxes | 680 | - | €93,081 | +€93,081 | |
| Income taxes | 67/77 | €203 | €78 | -€124 | -61.3% |
| Profit (loss) for the period | 9904 | -€84,201 | €403,484 | +€487,685 | |
| Transfer to tax-exempt reserves | 689 | - | €372,322 | +€372,322 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,201 | €31,161 | +€115,363 |
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 30 October 2026 via checked.be.