G.K.S.: what changed
G.K.S.
Largest movements
- Deferred charges and accrued income +€38,985
up €38,985 (+207%), from €18,832 to €57,818
- Cash +€34,839
up €34,839 (+361%), from €9,641 to €44,480
mainly Net result for the year (+€43,801) and Other debts (+€16,742)
- Receivables within one year -€6,077
down €6,077 (-41.1%), from €14,787 to €8,710
of which Trade receivables: -€7,742
- Tangible fixed assets -€4,853
down €4,853 (-51.6%), from €9,411 to €4,558
- Profit (loss) carried forward +€43,801
up €43,801 (+317%), from €13,797 to €57,598
- Other debts +€16,742
up €16,742 (+55.7%), from €30,072 to €46,814
- Tax, wage and social debts +€3,611
up €3,611 (+268%), from €1,350 to €4,961
of which Taxes: +€3,611
- Trade debts -€1,261
down €1,261 (-32.9%), from €3,831 to €2,570
- Gross operating margin +€31,217
up €31,217 (+99.0%), from €31,545 to €62,763
- Taxes +€7,937
up €7,937 (+197%), from €4,037 to €11,974
- Staff costs -€1,897
down €1,897 (-94.0%), from €2,019 to €122
- Depreciation -€880
down €880 (-49.5%), from €1,777 to €896
- Other operating charges -€697
down €697 (-63.6%), from €1,096 to €399
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 | €52,800 | €115,694 | +€62,894 | +119% |
| Fixed assets | 21/28 | €9,539 | €4,687 | -€4,853 | -50.9% |
| Tangible fixed assets | 22/27 | €9,411 | €4,558 | -€4,853 | -51.6% |
| Furniture and vehicles | 24 | €9,411 | €4,558 | -€4,853 | -51.6% |
| Financial fixed assets | 28 | €128 | €128 | = | 0.0% |
| Current assets | 29/58 | €43,261 | €111,007 | +€67,746 | +157% |
| Amounts receivable within one year | 40/41 | €14,787 | €8,710 | -€6,077 | -41.1% |
| Trade receivables | 40 | €8,750 | €1,008 | -€7,742 | -88.5% |
| Other amounts receivable | 41 | €6,037 | €7,702 | +€1,664 | +27.6% |
| Cash at bank and in hand | 54/58 | €9,641 | €44,480 | +€34,839 | +361% |
| Deferred charges and accrued income | 490/1 | €18,832 | €57,818 | +€38,985 | +207% |
| Total equity and liabilities | 10/49 | €52,800 | €115,694 | +€62,894 | +119% |
| Equity | 10/15 | €16,797 | €60,598 | +€43,801 | +261% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,797 | €57,598 | +€43,801 | +317% |
| Amounts payable | 17/49 | €36,003 | €55,096 | +€19,092 | +53.0% |
| Amounts payable within one year | 42/48 | €35,253 | €54,346 | +€19,092 | +54.2% |
| Trade debts | 44 | €3,831 | €2,570 | -€1,261 | -32.9% |
| Suppliers | 440/4 | €3,831 | €2,570 | -€1,261 | -32.9% |
| Taxes, remuneration and social security | 45 | €1,350 | €4,961 | +€3,611 | +268% |
| Taxes | 450/3 | €1,350 | €4,961 | +€3,611 | +268% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,072 | €46,814 | +€16,742 | +55.7% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,019 | €122 | -€1,897 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,777 | €896 | -€880 | -49.5% |
| Other operating charges | 640/8 | €1,096 | €399 | -€697 | -63.6% |
| Gross operating margin | 9900 | €31,545 | €62,763 | +€31,217 | +99.0% |
| Operating profit (loss) | 9901 | €26,654 | €61,346 | +€34,692 | +130% |
| Financial income | 75/76B | €67 | €163 | +€95 | +142% |
| Recurring financial income | 75 | €67 | €163 | +€95 | +142% |
| Financial charges | 65/66B | €6,320 | €5,734 | -€586 | -9.3% |
| Recurring financial charges | 65 | €6,320 | €5,734 | -€586 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €20,401 | €55,775 | +€35,374 | +173% |
| Income taxes | 67/77 | €4,037 | €11,974 | +€7,937 | +197% |
| Profit (loss) for the period | 9904 | €16,364 | €43,801 | +€27,437 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €16,364 | €43,801 | +€27,437 | +168% |
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 8 November 2026 via checked.be.