NEO GEMA: what changed
What changed
NEO GEMA
filed annual accounts (NBB)
Net result for the year
-€71,888
2024 · -€694,208+€622,319
Equity
€106.1m
2024 · €106.2m-€71,888
Cash
€633,973
2024 · €21.0m-€20.4m
Balance sheet total
€212.9m
2024 · €199.7m+€13.3m
Largest movements
Assets
- Current investments +€20.4m
up €20.4m (+1,307%), from €1.6m to €21.9m
- Cash -€20.4m
down €20.4m (-97.0%), from €21.0m to €633,973
mainly Other debts (-€46.5m) and Current investments (-€20.4m)
- Financial fixed assets +€13.2m
up €13.2m (+7.5%), from €176.8m to €190.0m
Equity and liabilities
- Debts after one year +€56.6m
up €56.6m (+115,214%), from €49,134 to €56.7m
of which Other amounts payable: +€56.6m
- Other debts -€46.5m
down €46.5m (-80.0%), from €58.1m to €11.6m
- Short-term financial debts +€3.5m
up €3.5m (+9.9%), from €35.0m to €38.4m
Income statement
- Financial charges -€1.1m
down €1.1m (-21.2%), from €5.1m to €4.1m
of which Financial charges: -€1.1m
- Financial income -€633,335
down €633,335 (-13.6%), from €4.6m to €4.0m
- Taxes -€64,896
no longer reported in 2025 (was €64,896)
of which Taxes: -€65,686
- Services and other goods -€45,843
down €45,843 (-36.2%), from €126,556 to €80,713
- Turnover -€2,000
no longer reported in 2025 (was €2,000)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€694,208
Turnover
-€2,000
Services and other goods
+€45,843
Other operating charges
-€16
Other operating items
+€57,023
Financial income
-€633,335
Financial charges
+€1.1m
Taxes
+€64,896
Result 2025
-€71,888
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€46.9m
Investment
-€33.6m
Financing
+€60.1m
Cash 2024
€21.0m
From operations (derived)
-€46.9m
Net result for the year
-€71,888
Smaller working-capital items
-€97,349
Other debts
-€46.5m
Accrued charges and deferred income
-€241,577
Investment (derived)
-€33.6m
Investment in fixed assets (net)
-€13.2m
Current investments
-€20.4m
Financing
+€60.1m
Debts after one year
+€56.6m
Current portion of long-term debt
+€3,176
Short-term financial debts
+€3.5m
Cash 2025
€633,973
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,666,421 | €212,922,470 | +€13.3m | +6.6% |
| Fixed assets | 21/28 | €176,809,021 | €189,983,982 | +€13.2m | +7.5% |
| Financial fixed assets | 28 | €176,809,021 | €189,983,982 | +€13.2m | +7.5% |
| Affiliated companies | 280/1 | €176,809,021 | €189,983,982 | +€13.2m | +7.5% |
| Participating interests | 280 | €97,723,561 | €95,343,679 | -€2.4m | -2.4% |
| Amounts receivable | 281 | €79,085,461 | €94,640,303 | +€15.6m | +19.7% |
| Current assets | 29/58 | €22,857,400 | €22,938,488 | +€81,089 | +0.4% |
| Amounts receivable within one year | 40/41 | €311,791 | €366,861 | +€55,070 | +17.7% |
| Trade receivables | 40 | €8,523 | €8,523 | = | 0.0% |
| Other amounts receivable | 41 | €303,268 | €358,338 | +€55,070 | +18.2% |
| Current investments | 50/53 | €1,559,105 | €21,936,309 | +€20.4m | +1,307% |
| Other investments | 51/53 | €1,559,105 | €21,936,309 | +€20.4m | +1,307% |
| Cash at bank and in hand | 54/58 | €20,984,638 | €633,973 | -€20.4m | -97.0% |
| Deferred charges and accrued income | 490/1 | €1,866 | €1,345 | -€521 | -27.9% |
| Total equity and liabilities | 10/49 | €199,666,421 | €212,922,470 | +€13.3m | +6.6% |
| Equity | 10/15 | €106,164,239 | €106,092,350 | -€71,888 | -0.1% |
| Contributions | 10/11 | €18,679,000 | €18,679,000 | = | 0.0% |
| Reserves | 13 | €1,417,900 | €1,417,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,417,900 | €1,417,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,417,900 | €1,417,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,067,339 | €85,995,450 | -€71,888 | -0.1% |
| Amounts payable | 17/49 | €93,502,182 | €106,830,119 | +€13.3m | +14.3% |
| Amounts payable after more than one year | 17 | €49,134 | €56,657,943 | +€56.6m | +115,214% |
| Financial debts | 170/4 | €49,134 | €33,346 | -€15,788 | -32.1% |
| Credit institutions | 173 | €49,134 | €33,346 | -€15,788 | -32.1% |
| Other amounts payable | 178/9 | - | €56,624,598 | +€56.6m | |
| Amounts payable within one year | 42/48 | €93,206,549 | €50,167,254 | -€43.0m | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €16,474 | €19,650 | +€3,176 | +19.3% |
| Financial debts | 43 | €34,992,000 | €38,445,770 | +€3.5m | +9.9% |
| Credit institutions | 430/8 | €34,992,000 | €38,445,770 | +€3.5m | +9.9% |
| Trade debts | 44 | €108,334 | €65,534 | -€42,800 | -39.5% |
| Suppliers | 440/4 | €108,334 | €65,534 | -€42,800 | -39.5% |
| Other amounts payable | 47/48 | €58,089,742 | €11,636,300 | -€46.5m | -80.0% |
| Accrued charges and deferred income | 492/3 | €246,500 | €4,922 | -€241,577 | -98.0% |
| Operating income | 70/76A | €2,000 | €57,023 | +€55,023 | +2,751% |
| Turnover | 70 | €2,000 | - | -€2,000 | |
| Non-recurring operating income | 76A | - | €57,023 | +€57,023 | |
| Operating charges | 60/66A | €127,553 | €81,726 | -€45,827 | -35.9% |
| Services and other goods | 61 | €126,556 | €80,713 | -€45,843 | -36.2% |
| Other operating charges | 640/8 | €997 | €1,012 | +€16 | +1.6% |
| Operating profit (loss) | 9901 | -€125,553 | -€24,703 | +€100,850 | +80.3% |
| Financial income | 75/76B | €4,643,110 | €4,009,775 | -€633,335 | -13.6% |
| Recurring financial income | 75 | €4,643,110 | €4,009,775 | -€633,335 | -13.6% |
| Income from financial fixed assets | 750 | €3,735,356 | €3,683,875 | -€51,481 | -1.4% |
| Income from current assets | 751 | €896,902 | €300,195 | -€596,707 | -66.5% |
| Other financial income | 752/9 | €10,852 | €25,704 | +€14,853 | +137% |
| Financial charges | 65/66B | €5,146,868 | €4,056,961 | -€1.1m | -21.2% |
| Recurring financial charges | 65 | €5,146,868 | €4,056,861 | -€1.1m | -21.2% |
| Debt charges | 650 | €5,136,952 | €4,045,549 | -€1.1m | -21.2% |
| Other financial charges | 652/9 | €9,917 | €11,312 | +€1,395 | +14.1% |
| Non-recurring financial charges | 66B | - | €100 | +€100 | |
| Profit (loss) for the period before taxes | 9903 | -€629,311 | -€71,888 | +€557,423 | +88.6% |
| Income taxes | 67/77 | €64,896 | - | -€64,896 | |
| Taxes | 670/3 | €65,686 | - | -€65,686 | |
| Tax adjustments and reversals of tax provisions | 77 | €790 | - | -€790 | |
| Profit (loss) for the period | 9904 | -€694,208 | -€71,888 | +€622,319 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€694,208 | -€71,888 | +€622,319 | +89.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.