G & K Nete: 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 Nete
Largest movements
- Cash -€466,112
down €466,112 (-75.5%), from €617,058 to €150,946
mainly Other debts (-€313,019) and Receivables within one year (-€186,590)
- Receivables within one year +€186,590
up €186,590 (+191%), from €97,458 to €284,048
of which Other amounts receivable: +€177,840
- Other debts -€313,019
down €313,019 (-97.2%), from €321,985 to €8,966
- Reserves +€36,080
up €36,080 (+9.5%), from €377,890 to €413,970
- Gross operating margin -€798,494
down €798,494 (-95.0%), from €840,248 to €41,754
- Taxes -€157,034
down €157,034 (-91.9%), from €170,881 to €13,847
- Financial charges -€14,181
down €14,181 (-98.6%), from €14,384 to €203
- Financial income +€9,781
up €9,781 (+797%), from €1,228 to €11,008
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 | €720,499 | €445,720 | -€274,779 | -38.1% |
| Fixed assets | 21/28 | €4,104 | €8,435 | +€4,331 | +106% |
| Tangible fixed assets | 22/27 | €4,104 | €8,435 | +€4,331 | +106% |
| Plant, machinery and equipment | 23 | - | €1,656 | +€1,656 | |
| Furniture and vehicles | 24 | €4,104 | €6,779 | +€2,675 | +65.2% |
| Current assets | 29/58 | €716,395 | €437,285 | -€279,110 | -39.0% |
| Amounts receivable within one year | 40/41 | €97,458 | €284,048 | +€186,590 | +191% |
| Trade receivables | 40 | €15,615 | €24,365 | +€8,750 | +56.0% |
| Other amounts receivable | 41 | €81,842 | €259,683 | +€177,840 | +217% |
| Cash at bank and in hand | 54/58 | €617,058 | €150,946 | -€466,112 | -75.5% |
| Deferred charges and accrued income | 490/1 | €1,879 | €2,292 | +€412 | +21.9% |
| Total equity and liabilities | 10/49 | €720,499 | €445,720 | -€274,779 | -38.1% |
| Equity | 10/15 | €396,497 | €432,580 | +€36,083 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €377,890 | €413,970 | +€36,080 | +9.5% |
| Distributable reserves | 133 | €377,890 | €413,970 | +€36,080 | +9.5% |
| Profit (loss) carried forward | 14 | €7 | €10 | +€3 | +49.0% |
| Amounts payable | 17/49 | €324,002 | €13,140 | -€310,862 | -95.9% |
| Amounts payable within one year | 42/48 | €324,002 | €13,140 | -€310,862 | -95.9% |
| Trade debts | 44 | €2,017 | €4,174 | +€2,157 | +107% |
| Suppliers | 440/4 | €2,017 | €4,174 | +€2,157 | +107% |
| Other amounts payable | 47/48 | €321,985 | €8,966 | -€313,019 | -97.2% |
| Non-recurring operating income | 76A | €785,880 | €0 | -€785,880 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €1,844 | +€533 | +40.7% |
| Other operating charges | 640/8 | €8,271 | €786 | -€7,485 | -90.5% |
| Gross operating margin | 9900 | €840,248 | €41,754 | -€798,494 | -95.0% |
| Operating profit (loss) | 9901 | €830,667 | €39,125 | -€791,542 | -95.3% |
| Financial income | 75/76B | €1,228 | €11,008 | +€9,781 | +797% |
| Recurring financial income | 75 | €1,228 | €11,008 | +€9,781 | +797% |
| Financial charges | 65/66B | €14,384 | €203 | -€14,181 | -98.6% |
| Recurring financial charges | 65 | €14,384 | €203 | -€14,181 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €817,511 | €49,930 | -€767,581 | -93.9% |
| Income taxes | 67/77 | €170,881 | €13,847 | -€157,034 | -91.9% |
| Profit (loss) for the period | 9904 | €646,630 | €36,083 | -€610,547 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €646,630 | €36,083 | -€610,547 | -94.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.