Gil Gemma: 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.
Gil Gemma
Largest movements
- Receivables within one year -€634,635
down €634,635 (-75.1%), from €845,415 to €210,781
of which Other amounts receivable: -€339,407
- Cash +€53,556
up €53,556 (+66.0%), from €81,197 to €134,753
mainly Receivables within one year (+€634,635) and Net result for the year (+€11,957)
- Profit (loss) carried forward -€435,570
down €435,570 (-82.3%), from €529,071 to €93,501
- Trade debts -€158,604
down €158,604 (-36.1%), from €438,858 to €280,254
- Tax, wage and social debts +€11,486
up €11,486 (+74.2%), from €15,476 to €26,962
of which Remuneration and social security: +€7,925
- Gross operating margin -€214,773
down €214,773 (-54.9%), from €391,441 to €176,668
- Staff costs +€15,144
up €15,144 (+12.1%), from €125,033 to €140,177
- Taxes -€9,293
down €9,293 (-40.7%), from €22,854 to €13,561
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 | €988,795 | €405,859 | -€582,936 | -59.0% |
| Fixed assets | 21/28 | €62,182 | €60,325 | -€1,857 | -3.0% |
| Intangible fixed assets | 21 | €868 | €0 | -€868 | -100% |
| Tangible fixed assets | 22/27 | €61,314 | €60,325 | -€989 | -1.6% |
| Plant, machinery and equipment | 23 | €61,190 | €60,325 | -€865 | -1.4% |
| Furniture and vehicles | 24 | €124 | €0 | -€124 | -100% |
| Current assets | 29/58 | €926,612 | €345,534 | -€581,079 | -62.7% |
| Amounts receivable within one year | 40/41 | €845,415 | €210,781 | -€634,635 | -75.1% |
| Trade receivables | 40 | €500,718 | €205,491 | -€295,227 | -59.0% |
| Other amounts receivable | 41 | €344,697 | €5,290 | -€339,407 | -98.5% |
| Cash at bank and in hand | 54/58 | €81,197 | €134,753 | +€53,556 | +66.0% |
| Total equity and liabilities | 10/49 | €988,795 | €405,859 | -€582,936 | -59.0% |
| Equity | 10/15 | €534,071 | €98,501 | -€435,570 | -81.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €529,071 | €93,501 | -€435,570 | -82.3% |
| Amounts payable | 17/49 | €454,723 | €307,358 | -€147,366 | -32.4% |
| Amounts payable within one year | 42/48 | €454,723 | €307,358 | -€147,366 | -32.4% |
| Financial debts | 43 | €228 | €0 | -€228 | -100% |
| Credit institutions | 430/8 | €228 | €0 | -€228 | -100% |
| Trade debts | 44 | €438,858 | €280,254 | -€158,604 | -36.1% |
| Suppliers | 440/4 | €438,858 | €280,254 | -€158,604 | -36.1% |
| Taxes, remuneration and social security | 45 | €15,476 | €26,962 | +€11,486 | +74.2% |
| Taxes | 450/3 | €0 | €3,561 | +€3,561 | |
| Remuneration and social security | 454/9 | €15,476 | €23,401 | +€7,925 | +51.2% |
| Other amounts payable | 47/48 | €161 | €141 | -€20 | -12.4% |
| Remuneration, social security and pensions | 62 | €125,033 | €140,177 | +€15,144 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,994 | €8,562 | -€432 | -4.8% |
| Other operating charges | 640/8 | €518 | €1,333 | +€815 | +157% |
| Gross operating margin | 9900 | €391,441 | €176,668 | -€214,773 | -54.9% |
| Operating profit (loss) | 9901 | €256,896 | €26,596 | -€230,300 | -89.6% |
| Financial income | 75/76B | €6 | €30 | +€24 | +374% |
| Recurring financial income | 75 | €6 | €30 | +€24 | +374% |
| Financial charges | 65/66B | €2,008 | €1,107 | -€901 | -44.9% |
| Recurring financial charges | 65 | €2,008 | €1,107 | -€901 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €254,894 | €25,518 | -€229,376 | -90.0% |
| Income taxes | 67/77 | €22,854 | €13,561 | -€9,293 | -40.7% |
| Profit (loss) for the period | 9904 | €232,040 | €11,957 | -€220,082 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €232,040 | €11,957 | -€220,082 | -94.8% |
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 20 October 2026 via checked.be.