PATRICK GEMIS: 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.
PATRICK GEMIS
Largest movements
- Tangible fixed assets +€20,913
up €20,913 (+3.7%), from €564,443 to €585,356
of which Furniture and vehicles: +€29,246
- Other debts +€67,505
new in 2025: €67,505
- Reserves -€34,421
down €34,421 (-24.7%), from €139,369 to €104,948
of which Tax-exempt reserves: -€34,421
- Debts after one year -€12,104
down €12,104 (-8.2%), from €146,856 to €134,752
- Gross operating margin +€9,381
up €9,381 (+53.4%), from -€17,566 to -€8,186
- Depreciation -€3,822
down €3,822 (-19.5%), from €19,623 to €15,801
- Other operating charges +€1,360
up €1,360 (+25.4%), from €5,359 to €6,719
- Financial charges -€303
down €303 (-8.6%), from €3,506 to €3,203
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 | €565,762 | €586,537 | +€20,775 | +3.7% |
| Fixed assets | 21/28 | €564,443 | €585,356 | +€20,913 | +3.7% |
| Tangible fixed assets | 22/27 | €564,443 | €585,356 | +€20,913 | +3.7% |
| Land and buildings | 22 | €560,079 | €551,747 | -€8,333 | -1.5% |
| Furniture and vehicles | 24 | €4,364 | €33,609 | +€29,246 | +670.2% |
| Current assets | 29/58 | €1,318 | €1,180 | -€138 | -10.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,277 | €997 | -€280 | -22.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,277 | €997 | -€280 | -22.0% |
| Cash at bank and in hand | 54/58 | €41 | €29 | -€12 | -29.9% |
| Deferred charges and accrued income | 490/1 | €0 | €155 | +€155 | |
| Total equity and liabilities | 10/49 | €565,762 | €586,537 | +€20,775 | +3.7% |
| Equity | 10/15 | €401,410 | €366,989 | -€34,421 | -8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,369 | €104,948 | -€34,421 | -24.7% |
| Tax-exempt reserves | 132 | €54,240 | €19,818 | -€34,421 | -63.5% |
| Distributable reserves | 133 | €85,129 | €85,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,841 | €255,841 | = | 0.0% |
| Amounts payable | 17/49 | €164,351 | €219,548 | +€55,196 | +33.6% |
| Amounts payable after more than one year | 17 | €146,856 | €134,752 | -€12,104 | -8.2% |
| Financial debts | 170/4 | €146,856 | €134,752 | -€12,104 | -8.2% |
| Amounts payable within one year | 42/48 | €17,495 | €84,796 | +€67,300 | +384.7% |
| Current portion of amounts payable after more than one year | 42 | €11,873 | €12,104 | +€231 | +1.9% |
| Trade debts | 44 | €3,737 | €3,068 | -€669 | -17.9% |
| Suppliers | 440/4 | €3,737 | €3,068 | -€669 | -17.9% |
| Taxes, remuneration and social security | 45 | €1,885 | €2,118 | +€233 | +12.4% |
| Taxes | 450/3 | €1,885 | €2,118 | +€233 | +12.4% |
| Other amounts payable | 47/48 | - | €67,505 | +€67,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,623 | €15,801 | -€3,822 | -19.5% |
| Other operating charges | 640/8 | €5,359 | €6,719 | +€1,360 | +25.4% |
| Gross operating margin | 9900 | -€17,566 | -€8,186 | +€9,381 | +53.4% |
| Operating profit (loss) | 9901 | -€42,548 | -€30,706 | +€11,842 | +27.8% |
| Financial income | 75/76B | €0 | €12 | +€12 | +8464.3% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +8464.3% |
| Financial charges | 65/66B | €3,506 | €3,203 | -€303 | -8.6% |
| Recurring financial charges | 65 | €3,506 | €3,203 | -€303 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€46,054 | -€33,897 | +€12,157 | +26.4% |
| Income taxes | 67/77 | €563 | €524 | -€39 | -6.8% |
| Profit (loss) for the period | 9904 | -€46,617 | -€34,421 | +€12,195 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,617 | -€34,421 | +€12,195 | +26.2% |
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.