I-GEM: 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.
I-GEM
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€554
down €554 (-2.0%), from -€27,977 to -€28,531
- Other debts +€542
up €542 (+6.2%), from €8,805 to €9,347
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
- Gross operating margin -€3
down €3 (-5.0%), from -€64 to -€67
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 | €4,828 | €4,816 | -€12 | -0.2% |
| Current assets | 29/58 | €4,828 | €4,816 | -€12 | -0.2% |
| Stocks and contracts in progress | 3 | €4,606 | €4,606 | = | 0.0% |
| Stocks | 30/36 | €4,606 | €4,606 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €168 | €168 | = | 0.0% |
| Trade receivables | 40 | €168 | €168 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54 | €42 | -€12 | -22.1% |
| Total equity and liabilities | 10/49 | €4,828 | €4,816 | -€12 | -0.2% |
| Equity | 10/15 | -€3,977 | -€4,531 | -€554 | -13.9% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,977 | -€28,531 | -€554 | -2.0% |
| Amounts payable | 17/49 | €8,805 | €9,347 | +€542 | +6.2% |
| Amounts payable within one year | 42/48 | €8,805 | €9,347 | +€542 | +6.2% |
| Other amounts payable | 47/48 | €8,805 | €9,347 | +€542 | +6.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€64 | -€67 | -€3 | -5.0% |
| Operating profit (loss) | 9901 | -€451 | -€467 | -€16 | -3.5% |
| Financial charges | 65/66B | €87 | €87 | = | 0.0% |
| Recurring financial charges | 65 | €87 | €87 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€538 | -€554 | -€16 | -2.9% |
| Profit (loss) for the period | 9904 | -€538 | -€554 | -€16 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€538 | -€554 | -€16 | -2.9% |
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 7 October 2026 via checked.be.