GEMTREAT: 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.
GEMTREAT
Largest movements
- Receivables within one year +€7,691
up €7,691 (+110%), from €7,014 to €14,705
of which Trade receivables: +€4,246
- Stocks and contracts -€6,510
no longer reported in 2025 (was €6,510)
- Tangible fixed assets +€2,262
up €2,262 (+6.2%), from €36,236 to €38,498
of which Plant, machinery and equipment: +€2,262
- Cash -€1,625
down €1,625 (-36.7%), from €4,424 to €2,798
mainly Net result for the year (-€9,700) and Receivables within one year (-€7,691)
- Profit (loss) carried forward -€9,700
down €9,700 (-17.0%), from -€56,932 to -€66,633
- Other debts +€9,516
up €9,516 (+15.7%), from €60,742 to €70,258
- Trade debts +€1,990
up €1,990 (+45.6%), from €4,362 to €6,352
- Gross operating margin +€7,876
up €7,876 (+134%), from €5,880 to €13,756
- Staff costs +€1,704
up €1,704 (+9.5%), from €17,939 to €19,643
- Other operating charges -€292
down €292 (-7.9%), from €3,677 to €3,385
- Financial income -€278
down €278 (-86.4%), from €322 to €44
- Financial charges +€272
up €272 (+274%), from €99 to €371
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 | €56,507 | €58,325 | +€1,818 | +3.2% |
| Fixed assets | 21/28 | €38,560 | €40,822 | +€2,262 | +5.9% |
| Tangible fixed assets | 22/27 | €36,236 | €38,498 | +€2,262 | +6.2% |
| Land and buildings | 22 | €36,236 | €36,236 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €2,262 | +€2,262 | +2,262,320% |
| Financial fixed assets | 28 | €2,324 | €2,324 | = | 0.0% |
| Current assets | 29/58 | €17,948 | €17,503 | -€445 | -2.5% |
| Stocks and contracts in progress | 3 | €6,510 | - | -€6,510 | |
| Stocks | 30/36 | €6,510 | - | -€6,510 | |
| Amounts receivable within one year | 40/41 | €7,014 | €14,705 | +€7,691 | +110% |
| Trade receivables | 40 | €319 | €4,565 | +€4,246 | +1,330% |
| Other amounts receivable | 41 | €6,695 | €10,140 | +€3,445 | +51.5% |
| Cash at bank and in hand | 54/58 | €4,424 | €2,798 | -€1,625 | -36.7% |
| Total equity and liabilities | 10/49 | €56,507 | €58,325 | +€1,818 | +3.2% |
| Equity | 10/15 | -€13,541 | -€23,241 | -€9,700 | -71.6% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €11,165 | €11,165 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,943 | €7,943 | = | 0.0% |
| Distributable reserves | 133 | €3,223 | €3,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,932 | -€66,633 | -€9,700 | -17.0% |
| Amounts payable | 17/49 | €70,048 | €81,566 | +€11,518 | +16.4% |
| Amounts payable within one year | 42/48 | €70,048 | €81,566 | +€11,518 | +16.4% |
| Trade debts | 44 | €4,362 | €6,352 | +€1,990 | +45.6% |
| Suppliers | 440/4 | €4,362 | €6,352 | +€1,990 | +45.6% |
| Taxes, remuneration and social security | 45 | €4,945 | €4,957 | +€12 | +0.2% |
| Remuneration and social security | 454/9 | €4,945 | €4,957 | +€12 | +0.2% |
| Other amounts payable | 47/48 | €60,742 | €70,258 | +€9,516 | +15.7% |
| Remuneration, social security and pensions | 62 | €17,939 | €19,643 | +€1,704 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €102 | +€102 | |
| Other operating charges | 640/8 | €3,677 | €3,385 | -€292 | -7.9% |
| Gross operating margin | 9900 | €5,880 | €13,756 | +€7,876 | +134% |
| Operating profit (loss) | 9901 | -€15,736 | -€9,374 | +€6,363 | +40.4% |
| Financial income | 75/76B | €322 | €44 | -€278 | -86.4% |
| Recurring financial income | 75 | €322 | €44 | -€278 | -86.4% |
| Financial charges | 65/66B | €99 | €371 | +€272 | +274% |
| Recurring financial charges | 65 | €99 | €371 | +€272 | +274% |
| Profit (loss) for the period before taxes | 9903 | -€15,513 | -€9,700 | +€5,813 | +37.5% |
| Profit (loss) for the period | 9904 | -€15,513 | -€9,700 | +€5,813 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,513 | -€9,700 | +€5,813 | +37.5% |
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 14 October 2026 via checked.be.