Gemplex Invest: 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.
What changed
Gemplex Invest
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.2m
2024 · €952,552+€4.3m
Equity
€4.7m
2024 · €2.0m+€2.7m
Cash
€182,521
2024 · €1.6m-€1.4m
Balance sheet total
€11.2m
2024 · €11.4m-€184,433
Largest movements
Assets
- Cash -€1.4m
down €1.4m (-88.3%), from €1.6m to €182,521
mainly Other debts (-€2.5m) and Contributions, distributions and other (-€2.5m)
- Receivables within one year +€1.2m
up €1.2m (+312%), from €387,044 to €1.6m
of which Other amounts receivable: +€1.3m
Equity and liabilities
- Reserves +€2.7m
up €2.7m (+178%), from €1.5m to €4.2m
of which Distributable reserves: +€2.7m
- Other debts -€2.5m
down €2.5m (-50.0%), from €5.0m to €2.5m
- Debts after one year -€1.2m
down €1.2m (-32.7%), from €3.7m to €2.5m
- Current portion of long-term debt +€849,655
up €849,655 (+233%), from €364,066 to €1.2m
Income statement
- Financial income +€4.3m
up €4.3m (+531%), from €800,527 to €5.1m
- Turnover -€31,519
down €31,519 (-2.8%), from €1.1m to €1.1m
- Goods and materials -€31,216
no longer reported in 2025 (was €31,216)
- Staff costs -€14,686
down €14,686 (-8.6%), from €171,173 to €156,487
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
€952,552
Turnover
-€31,519
Other operating income
-€286
Goods and materials
+€31,216
Services and other goods
-€1,563
Staff costs
+€14,686
Depreciation
+€8,043
Other operating charges
-€94
Financial income
+€4.3m
Financial charges
-€9,598
Taxes
-€809
Result 2025
€5.2m
raises the resultlowers the result
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.
From operations
+€1.5m
Investment
€0
Financing
-€2.9m
Cash 2024
€1.6m
From operations (derived)
+€1.5m
Net result for the year
+€5.2m
Receivables within one year
-€1.2m
Smaller working-capital items
+€24,407
Tax, wage and social debts
-€48,576
Other debts
-€2.5m
Financing
-€2.9m
Debts after one year
-€1.2m
Current portion of long-term debt
+€849,655
Contributions, distributions and other
-€2.5m
Cash 2025
€182,521
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,406,875 | €11,222,441 | -€184,433 | -1.6% |
| Fixed assets | 21/28 | €9,412,676 | €9,412,676 | = | 0.0% |
| Financial fixed assets | 28 | €9,412,676 | €9,412,676 | = | 0.0% |
| Affiliated companies | 280/1 | €9,412,676 | €9,412,676 | = | 0.0% |
| Participating interests | 280 | €9,412,676 | €9,412,676 | = | 0.0% |
| Current assets | 29/58 | €1,994,199 | €1,809,766 | -€184,433 | -9.2% |
| Amounts receivable within one year | 40/41 | €387,044 | €1,595,965 | +€1.2m | +312% |
| Trade receivables | 40 | €187,044 | €94,334 | -€92,710 | -49.6% |
| Other amounts receivable | 41 | €200,000 | €1,501,631 | +€1.3m | +651% |
| Cash at bank and in hand | 54/58 | €1,563,647 | €182,521 | -€1.4m | -88.3% |
| Deferred charges and accrued income | 490/1 | €43,507 | €31,280 | -€12,228 | -28.1% |
| Total equity and liabilities | 10/49 | €11,406,875 | €11,222,441 | -€184,433 | -1.6% |
| Equity | 10/15 | €2,026,307 | €4,742,337 | +€2.7m | +134% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,526,307 | €4,242,337 | +€2.7m | +178% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €1,476,307 | €4,192,337 | +€2.7m | +184% |
| Amounts payable | 17/49 | €9,380,568 | €6,480,105 | -€2.9m | -30.9% |
| Amounts payable after more than one year | 17 | €3,713,720 | €2,500,000 | -€1.2m | -32.7% |
| Financial debts | 170/4 | €3,713,720 | €2,500,000 | -€1.2m | -32.7% |
| Credit institutions | 173 | €1,213,720 | - | -€1.2m | |
| Other loans | 174 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,589,616 | €3,890,447 | -€1.7m | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €364,066 | €1,213,720 | +€849,655 | +233% |
| Trade debts | 44 | €121,230 | €120,983 | -€248 | -0.2% |
| Suppliers | 440/4 | €121,230 | €120,983 | -€248 | -0.2% |
| Taxes, remuneration and social security | 45 | €104,320 | €55,744 | -€48,576 | -46.6% |
| Taxes | 450/3 | €83,643 | €40,062 | -€43,581 | -52.1% |
| Remuneration and social security | 454/9 | €20,678 | €15,682 | -€4,996 | -24.2% |
| Other amounts payable | 47/48 | €5,000,000 | €2,500,000 | -€2.5m | -50.0% |
| Accrued charges and deferred income | 492/3 | €77,231 | €89,658 | +€12,427 | +16.1% |
| Operating income | 70/76A | €1,136,643 | €1,104,838 | -€31,805 | -2.8% |
| Turnover | 70 | €1,131,519 | €1,100,000 | -€31,519 | -2.8% |
| Other operating income | 74 | €5,124 | €4,838 | -€286 | -5.6% |
| Operating charges | 60/66A | €823,771 | €771,484 | -€52,288 | -6.3% |
| Goods for resale, raw materials and consumables | 60 | €31,216 | - | -€31,216 | |
| Purchases | 600/8 | €31,216 | - | -€31,216 | |
| Services and other goods | 61 | €611,772 | €613,335 | +€1,563 | +0.3% |
| Remuneration, social security and pensions | 62 | €171,173 | €156,487 | -€14,686 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,043 | - | -€8,043 | |
| Other operating charges | 640/8 | €1,569 | €1,662 | +€94 | +6.0% |
| Operating profit (loss) | 9901 | €312,871 | €333,354 | +€20,483 | +6.5% |
| Financial income | 75/76B | €800,527 | €5,053,929 | +€4.3m | +531% |
| Recurring financial income | 75 | €800,527 | €5,053,929 | +€4.3m | +531% |
| Income from financial fixed assets | 750 | €750,000 | €5,000,000 | +€4.3m | +567% |
| Income from current assets | 751 | €50,527 | €53,668 | +€3,141 | +6.2% |
| Other financial income | 752/9 | €1 | €261 | +€261 | +52,130% |
| Financial charges | 65/66B | €88,082 | €97,680 | +€9,598 | +10.9% |
| Recurring financial charges | 65 | €88,082 | €97,680 | +€9,598 | +10.9% |
| Debt charges | 650 | €88,082 | €97,680 | +€9,598 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €1,025,316 | €5,289,602 | +€4.3m | +416% |
| Income taxes | 67/77 | €72,764 | €73,573 | +€809 | +1.1% |
| Taxes | 670/3 | €72,764 | €73,573 | +€809 | +1.1% |
| Profit (loss) for the period | 9904 | €952,552 | €5,216,030 | +€4.3m | +448% |
| Profit (loss) for the period to be appropriated | 9905 | €952,552 | €5,216,030 | +€4.3m | +448% |
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 23 October 2026 via checked.be.