G & K: 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.
G & K
Largest movements
- Tangible fixed assets -€14,036
down €14,036 (-11.4%), from €122,972 to €108,936
of which Land and buildings: -€13,713
- Cash +€5,410
up €5,410 (+39.8%), from €13,584 to €18,994
mainly Depreciation (+€18,819) and Net result for the year (+€4,095)
- Receivables within one year -€2,429
down €2,429 (-11.0%), from €22,003 to €19,574
of which Trade receivables: -€2,505
- Debts after one year -€15,501
down €15,501 (-16.9%), from €91,757 to €76,256
- Reserves +€4,095
up €4,095 (+15.2%), from €26,878 to €30,974
- Gross operating margin -€2,905
down €2,905 (-8.6%), from €33,922 to €31,018
- Depreciation +€595
up €595 (+3.3%), from €18,224 to €18,819
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 | €158,873 | €147,820 | -€11,053 | -7.0% |
| Fixed assets | 21/28 | €122,972 | €108,936 | -€14,036 | -11.4% |
| Tangible fixed assets | 22/27 | €122,972 | €108,936 | -€14,036 | -11.4% |
| Land and buildings | 22 | €122,649 | €108,936 | -€13,713 | -11.2% |
| Plant, machinery and equipment | 23 | €323 | €0 | -€323 | -100% |
| Current assets | 29/58 | €35,901 | €38,883 | +€2,983 | +8.3% |
| Amounts receivable within one year | 40/41 | €22,003 | €19,574 | -€2,429 | -11.0% |
| Trade receivables | 40 | €22,003 | €19,498 | -€2,505 | -11.4% |
| Other amounts receivable | 41 | €0 | €75 | +€75 | |
| Cash at bank and in hand | 54/58 | €13,584 | €18,994 | +€5,410 | +39.8% |
| Deferred charges and accrued income | 490/1 | €314 | €316 | +€2 | +0.7% |
| Total equity and liabilities | 10/49 | €158,873 | €147,820 | -€11,053 | -7.0% |
| Equity | 10/15 | €36,878 | €40,974 | +€4,095 | +11.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €26,878 | €30,974 | +€4,095 | +15.2% |
| Distributable reserves | 133 | €26,878 | €30,974 | +€4,095 | +15.2% |
| Amounts payable | 17/49 | €121,995 | €106,846 | -€15,148 | -12.4% |
| Amounts payable after more than one year | 17 | €91,757 | €76,256 | -€15,501 | -16.9% |
| Financial debts | 170/4 | €91,757 | €76,256 | -€15,501 | -16.9% |
| Amounts payable within one year | 42/48 | €30,238 | €30,590 | +€353 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €15,254 | €15,501 | +€247 | +1.6% |
| Trade debts | 44 | €315 | €515 | +€200 | +63.6% |
| Suppliers | 440/4 | €315 | €515 | +€200 | +63.6% |
| Taxes, remuneration and social security | 45 | €2,668 | €2,574 | -€94 | -3.5% |
| Taxes | 450/3 | €2,668 | €2,574 | -€94 | -3.5% |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,224 | €18,819 | +€595 | +3.3% |
| Other operating charges | 640/8 | €5,422 | €5,609 | +€188 | +3.5% |
| Gross operating margin | 9900 | €33,922 | €31,018 | -€2,905 | -8.6% |
| Operating profit (loss) | 9901 | €10,277 | €6,590 | -€3,687 | -35.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,297 | €2,085 | -€212 | -9.2% |
| Recurring financial charges | 65 | €2,297 | €2,085 | -€212 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €7,980 | €4,505 | -€3,476 | -43.6% |
| Income taxes | 67/77 | €725 | €410 | -€316 | -43.6% |
| Profit (loss) for the period | 9904 | €7,255 | €4,095 | -€3,160 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,255 | €4,095 | -€3,160 | -43.6% |
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 18 October 2026 via checked.be.