G.K.C.: 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.C.
Largest movements
- Receivables within one year +€10,286
up €10,286 (+6.2%), from €166,677 to €176,963
of which Trade receivables: +€176,963
- Tangible fixed assets -€7,364
down €7,364 (-52.5%), from €14,024 to €6,661
- Other debts -€89,536
no longer reported in 2025 (was €89,536)
- Trade debts +€36,697
up €36,697 (+264%), from €13,907 to €50,604
- Tax, wage and social debts +€28,125
up €28,125 (+66.0%), from €42,640 to €70,765
of which Taxes: +€28,981
- Profit (loss) carried forward +€25,368
up €25,368, from -€15,161 to €10,207
- Gross operating margin +€15,303
up €15,303 (+57.2%), from €26,752 to €42,055
- Staff costs -€13,719
no longer reported in 2025 (was €13,719)
- Other operating charges -€12,055
down €12,055 (-56.4%), from €21,378 to €9,323
- Financial income -€2,918
no longer reported in 2025 (was €2,918)
- Depreciation -€1,267
down €1,267 (-14.7%), from €8,631 to €7,364
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 | €590,050 | €590,704 | +€654 | +0.1% |
| Fixed assets | 21/28 | €417,339 | €409,976 | -€7,364 | -1.8% |
| Intangible fixed assets | 21 | €400,000 | €400,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €14,024 | €6,661 | -€7,364 | -52.5% |
| Plant, machinery and equipment | 23 | €14,024 | €6,661 | -€7,364 | -52.5% |
| Financial fixed assets | 28 | €3,315 | €3,315 | = | 0.0% |
| Current assets | 29/58 | €172,710 | €180,729 | +€8,018 | +4.6% |
| Amounts receivable within one year | 40/41 | €166,677 | €176,963 | +€10,286 | +6.2% |
| Trade receivables | 40 | - | €176,963 | +€176,963 | |
| Other amounts receivable | 41 | €166,677 | - | -€166,677 | |
| Cash at bank and in hand | 54/58 | €6,034 | €3,766 | -€2,267 | -37.6% |
| Total equity and liabilities | 10/49 | €590,050 | €590,704 | +€654 | +0.1% |
| Equity | 10/15 | €443,967 | €469,335 | +€25,368 | +5.7% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €59,128 | €59,128 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,725 | €26,725 | = | 0.0% |
| Legal reserve | 130 | €26,725 | €26,725 | = | 0.0% |
| Distributable reserves | 133 | €32,403 | €32,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,161 | €10,207 | +€25,368 | |
| Amounts payable | 17/49 | €146,083 | €121,369 | -€24,714 | -16.9% |
| Amounts payable within one year | 42/48 | €146,083 | €121,369 | -€24,714 | -16.9% |
| Trade debts | 44 | €13,907 | €50,604 | +€36,697 | +264% |
| Suppliers | 440/4 | €13,907 | €50,604 | +€36,697 | +264% |
| Taxes, remuneration and social security | 45 | €42,640 | €70,765 | +€28,125 | +66.0% |
| Taxes | 450/3 | €41,784 | €70,765 | +€28,981 | +69.4% |
| Remuneration and social security | 454/9 | €856 | - | -€856 | |
| Other amounts payable | 47/48 | €89,536 | - | -€89,536 | |
| Remuneration, social security and pensions | 62 | €13,719 | - | -€13,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,631 | €7,364 | -€1,267 | -14.7% |
| Other operating charges | 640/8 | €21,378 | €9,323 | -€12,055 | -56.4% |
| Gross operating margin | 9900 | €26,752 | €42,055 | +€15,303 | +57.2% |
| Operating profit (loss) | 9901 | -€16,976 | €25,368 | +€42,345 | |
| Financial income | 75/76B | €2,918 | - | -€2,918 | |
| Recurring financial income | 75 | €2,918 | - | -€2,918 | |
| Financial charges | 65/66B | €1,104 | - | -€1,104 | |
| Recurring financial charges | 65 | €1,104 | - | -€1,104 | |
| Profit (loss) for the period before taxes | 9903 | -€15,161 | €25,368 | +€40,530 | |
| Profit (loss) for the period | 9904 | -€15,161 | €25,368 | +€40,530 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,161 | €25,368 | +€40,530 |
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 20 October 2026 via checked.be.