GEMINI DEVELOPMENTS: what changed
GEMINI DEVELOPMENTS
Largest movements
- Cash +€16,544
up €16,544 (+11.0%), from €149,934 to €166,479
mainly Net result for the year (+€8,200) and Depreciation (+€5,775)
- Tangible fixed assets -€4,615
down €4,615 (-25.9%), from €17,825 to €13,210
- Receivables within one year -€4,478
down €4,478 (-11.7%), from €38,255 to €33,777
of which Trade receivables: -€2,981
- Reserves +€8,200
up €8,200 (+8.2%), from €100,521 to €108,721
of which Distributable reserves: +€8,200
- Tax, wage and social debts -€6,390
down €6,390 (-91.4%), from €6,990 to €600
- Trade debts +€5,725
up €5,725 (+595%), from €961 to €6,686
- Gross operating margin -€16,932
down €16,932 (-46.4%), from €36,469 to €19,537
- Taxes -€6,789
down €6,789 (-59.0%), from €11,510 to €4,720
- Financial income +€697
up €697 (+172%), from €406 to €1,103
- Depreciation +€628
up €628 (+12.2%), from €5,147 to €5,775
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,171 | €228,895 | +€9,724 | +4.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €30,269 | €25,654 | -€4,615 | -15.2% |
| Tangible fixed assets | 22/27 | €17,825 | €13,210 | -€4,615 | -25.9% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €5,418 | €3,838 | -€1,580 | -29.2% |
| Furniture and vehicles | 24 | €8,098 | €6,248 | -€1,851 | -22.9% |
| Other tangible fixed assets | 26 | €4,309 | €3,124 | -€1,185 | -27.5% |
| Financial fixed assets | 28 | €12,444 | €12,444 | = | 0.0% |
| Current assets | 29/58 | €188,901 | €203,241 | +€14,340 | +7.6% |
| Amounts receivable within one year | 40/41 | €38,255 | €33,777 | -€4,478 | -11.7% |
| Trade receivables | 40 | €29,714 | €26,733 | -€2,981 | -10.0% |
| Other amounts receivable | 41 | €8,541 | €7,044 | -€1,497 | -17.5% |
| Cash at bank and in hand | 54/58 | €149,934 | €166,479 | +€16,544 | +11.0% |
| Deferred charges and accrued income | 490/1 | €712 | €2,985 | +€2,273 | +319% |
| Total equity and liabilities | 10/49 | €219,171 | €228,895 | +€9,724 | +4.4% |
| Equity | 10/15 | €204,203 | €212,404 | +€8,200 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,521 | €108,721 | +€8,200 | +8.2% |
| Non-distributable reserves | 130/1 | €6,573 | €6,573 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,573 | €6,573 | = | 0.0% |
| Distributable reserves | 133 | €93,948 | €102,148 | +€8,200 | +8.7% |
| Profit (loss) carried forward | 14 | €85,082 | €85,083 | +€0 | 0.0% |
| Amounts payable | 17/49 | €14,968 | €16,492 | +€1,524 | +10.2% |
| Amounts payable within one year | 42/48 | €14,968 | €16,492 | +€1,524 | +10.2% |
| Trade debts | 44 | €961 | €6,686 | +€5,725 | +595% |
| Suppliers | 440/4 | €961 | €6,686 | +€5,725 | +595% |
| Taxes, remuneration and social security | 45 | €6,990 | €600 | -€6,390 | -91.4% |
| Taxes | 450/3 | €6,990 | €600 | -€6,390 | -91.4% |
| Other amounts payable | 47/48 | €7,017 | €9,206 | +€2,189 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,147 | €5,775 | +€628 | +12.2% |
| Other operating charges | 640/8 | €1,940 | €1,655 | -€285 | -14.7% |
| Gross operating margin | 9900 | €36,469 | €19,537 | -€16,932 | -46.4% |
| Operating profit (loss) | 9901 | €29,382 | €12,107 | -€17,275 | -58.8% |
| Financial income | 75/76B | €406 | €1,103 | +€697 | +172% |
| Recurring financial income | 75 | €406 | €1,103 | +€697 | +172% |
| Financial charges | 65/66B | €135 | €289 | +€154 | +114% |
| Recurring financial charges | 65 | €135 | €289 | +€154 | +114% |
| Profit (loss) for the period before taxes | 9903 | €29,653 | €12,921 | -€16,732 | -56.4% |
| Income taxes | 67/77 | €11,510 | €4,720 | -€6,789 | -59.0% |
| Profit (loss) for the period | 9904 | €18,143 | €8,200 | -€9,943 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,143 | €8,200 | -€9,943 | -54.8% |
Next steps
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 5 November 2026 via checked.be.