GEMRICK: 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.
GEMRICK
Largest movements
- Cash +€25,264
up €25,264 (+1197.3%), from €2,110 to €27,374
mainly Net result for the year (+€10,942) and Receivables within one year (+€8,582)
- Receivables within one year -€8,582
down €8,582 (-44.1%), from €19,472 to €10,890
of which Trade receivables: -€8,470
- Reserves +€10,942
up €10,942 (+104.8%), from €10,442 to €21,384
- Tax, wage and social debts +€3,109
up €3,109 (+29.7%), from €10,475 to €13,584
of which Taxes: +€3,279
- Trade debts +€1,509
up €1,509 (+278.5%), from €542 to €2,051
- Other debts +€1,015
new in 2025: €1,015
- Gross operating margin +€9,168
up €9,168 (+39.3%), from €23,348 to €32,516
- Staff costs +€7,062
up €7,062 (+81.4%), from €8,673 to €15,734
- Financial charges +€759
up €759 (+2152.8%), from €35 to €794
- Taxes +€511
up €511 (+12.3%), from €4,154 to €4,664
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 | €22,459 | €39,034 | +€16,575 | +73.8% |
| Fixed assets | 21/28 | €802 | €534 | -€268 | -33.5% |
| Tangible fixed assets | 22/27 | €802 | €534 | -€268 | -33.5% |
| Furniture and vehicles | 24 | €802 | €534 | -€268 | -33.5% |
| Current assets | 29/58 | €21,657 | €38,500 | +€16,844 | +77.8% |
| Amounts receivable within one year | 40/41 | €19,472 | €10,890 | -€8,582 | -44.1% |
| Trade receivables | 40 | €19,360 | €10,890 | -€8,470 | -43.8% |
| Other amounts receivable | 41 | €112 | - | -€112 | |
| Cash at bank and in hand | 54/58 | €2,110 | €27,374 | +€25,264 | +1197.3% |
| Deferred charges and accrued income | 490/1 | €75 | €236 | +€161 | +215.9% |
| Total equity and liabilities | 10/49 | €22,459 | €39,034 | +€16,575 | +73.8% |
| Equity | 10/15 | €11,442 | €22,384 | +€10,942 | +95.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,442 | €21,384 | +€10,942 | +104.8% |
| Non-distributable reserves | 130/1 | €10,442 | €21,384 | +€10,942 | +104.8% |
| Other | 1319 | €10,442 | €21,384 | +€10,942 | +104.8% |
| Amounts payable | 17/49 | €11,017 | €16,650 | +€5,633 | +51.1% |
| Amounts payable within one year | 42/48 | €11,017 | €16,650 | +€5,633 | +51.1% |
| Trade debts | 44 | €542 | €2,051 | +€1,509 | +278.5% |
| Suppliers | 440/4 | €542 | €2,051 | +€1,509 | +278.5% |
| Taxes, remuneration and social security | 45 | €10,475 | €13,584 | +€3,109 | +29.7% |
| Taxes | 450/3 | €7,947 | €11,227 | +€3,279 | +41.3% |
| Remuneration and social security | 454/9 | €2,528 | €2,358 | -€171 | -6.7% |
| Other amounts payable | 47/48 | - | €1,015 | +€1,015 | |
| Remuneration, social security and pensions | 62 | €8,673 | €15,734 | +€7,062 | +81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45 | €268 | +€223 | +493.6% |
| Other operating charges | 640/8 | - | €185 | +€185 | |
| Gross operating margin | 9900 | €23,348 | €32,516 | +€9,168 | +39.3% |
| Operating profit (loss) | 9901 | €14,630 | €16,329 | +€1,698 | +11.6% |
| Financial income | 75/76B | - | €72 | +€72 | |
| Recurring financial income | 75 | - | €72 | +€72 | |
| Financial charges | 65/66B | €35 | €794 | +€759 | +2152.8% |
| Recurring financial charges | 65 | €35 | €794 | +€759 | +2152.8% |
| Profit (loss) for the period before taxes | 9903 | €14,595 | €15,606 | +€1,011 | +6.9% |
| Income taxes | 67/77 | €4,154 | €4,664 | +€511 | +12.3% |
| Profit (loss) for the period | 9904 | €10,442 | €10,942 | +€501 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,442 | €10,942 | +€501 | +4.8% |
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 3 October 2026 via checked.be.