GEMSOTEC: 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.
GEMSOTEC
Largest movements
- Cash +€49,137
up €49,137 (+459.3%), from €10,699 to €59,836
mainly Depreciation (+€185,603) and Net result for the year (+€153,503)
- Receivables within one year -€42,298
down €42,298 (-16.0%), from €263,985 to €221,687
of which Trade receivables: -€33,858
- Deferred charges and accrued income +€33,135
up €33,135 (+478.6%), from €6,923 to €40,058
- Intangible fixed assets +€28,516
up €28,516 (+11.1%), from €255,981 to €284,497
- Tangible fixed assets +€9,041
up €9,041 (+269.3%), from €3,357 to €12,398
- Profit (loss) carried forward +€153,503
up €153,503 (+54.7%), from €280,767 to €434,270
- Investment grants -€49,114
down €49,114 (-72.6%), from €67,684 to €18,570
- Other debts -€20,319
down €20,319 (-26.8%), from €75,876 to €55,557
- Tax, wage and social debts -€17,363
down €17,363 (-25.4%), from €68,259 to €50,896
of which Taxes: -€22,832
- Trade debts +€10,052
up €10,052 (+31.8%), from €31,632 to €41,684
- Gross operating margin +€163,896
up €163,896 (+47.5%), from €345,301 to €509,197
- Staff costs +€72,174
up €72,174 (+47.0%), from €153,582 to €225,756
- Financial income -€25,598
down €25,598 (-34.2%), from €74,901 to €49,304
- Depreciation +€7,067
up €7,067 (+4.0%), from €178,536 to €185,603
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 | €585,756 | €662,515 | +€76,759 | +13.1% |
| Fixed assets | 21/28 | €259,338 | €296,895 | +€37,557 | +14.5% |
| Intangible fixed assets | 21 | €255,981 | €284,497 | +€28,516 | +11.1% |
| Tangible fixed assets | 22/27 | €3,357 | €12,398 | +€9,041 | +269.3% |
| Furniture and vehicles | 24 | €3,357 | €12,398 | +€9,041 | +269.3% |
| Current assets | 29/58 | €326,418 | €365,620 | +€39,202 | +12.0% |
| Amounts receivable after more than one year | 29 | €44,812 | €44,039 | -€773 | -1.7% |
| Other amounts receivable | 291 | €44,812 | €44,039 | -€773 | -1.7% |
| Amounts receivable within one year | 40/41 | €263,985 | €221,687 | -€42,298 | -16.0% |
| Trade receivables | 40 | €246,134 | €212,275 | -€33,858 | -13.8% |
| Other amounts receivable | 41 | €17,851 | €9,412 | -€8,439 | -47.3% |
| Cash at bank and in hand | 54/58 | €10,699 | €59,836 | +€49,137 | +459.3% |
| Deferred charges and accrued income | 490/1 | €6,923 | €40,058 | +€33,135 | +478.6% |
| Total equity and liabilities | 10/49 | €585,756 | €662,515 | +€76,759 | +13.1% |
| Equity | 10/15 | €409,990 | €514,378 | +€104,389 | +25.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €1,539 | €1,539 | = | 0.0% |
| Distributable reserves | 133 | €1,539 | €1,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €280,767 | €434,270 | +€153,503 | +54.7% |
| Investment grants | 15 | €67,684 | €18,570 | -€49,114 | -72.6% |
| Amounts payable | 17/49 | €175,767 | €148,137 | -€27,630 | -15.7% |
| Amounts payable within one year | 42/48 | €175,767 | €148,137 | -€27,630 | -15.7% |
| Trade debts | 44 | €31,632 | €41,684 | +€10,052 | +31.8% |
| Suppliers | 440/4 | €31,632 | €41,684 | +€10,052 | +31.8% |
| Taxes, remuneration and social security | 45 | €68,259 | €50,896 | -€17,363 | -25.4% |
| Taxes | 450/3 | €48,963 | €26,131 | -€22,832 | -46.6% |
| Remuneration and social security | 454/9 | €19,296 | €24,765 | +€5,469 | +28.3% |
| Other amounts payable | 47/48 | €75,876 | €55,557 | -€20,319 | -26.8% |
| Remuneration, social security and pensions | 62 | €153,582 | €225,756 | +€72,174 | +47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,536 | €185,603 | +€7,067 | +4.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €345,301 | €509,197 | +€163,896 | +47.5% |
| Operating profit (loss) | 9901 | €12,795 | €97,438 | +€84,643 | +661.6% |
| Financial income | 75/76B | €74,901 | €49,304 | -€25,598 | -34.2% |
| Recurring financial income | 75 | €74,901 | €49,304 | -€25,598 | -34.2% |
| Financial charges | 65/66B | €2,034 | €1,878 | -€156 | -7.7% |
| Recurring financial charges | 65 | €2,034 | €1,878 | -€156 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €85,662 | €144,864 | +€59,201 | +69.1% |
| Income taxes | 67/77 | -€7,531 | -€8,639 | -€1,108 | -14.7% |
| Profit (loss) for the period | 9904 | €93,194 | €153,503 | +€60,309 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €93,194 | €153,503 | +€60,309 | +64.7% |
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 11 October 2026 via checked.be.