G.K. SERVICES: 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. SERVICES
Largest movements
- Tangible fixed assets -€48,360
down €48,360 (-9.0%), from €536,739 to €488,379
- Receivables within one year +€40,397
up €40,397 (+237%), from €17,014 to €57,410
- Cash +€10,467
up €10,467 (+57.0%), from €18,351 to €28,818
mainly Depreciation (+€34,464) and Other debts (+€26,564)
- Stocks and contracts -€10,298
down €10,298 (-3.0%), from €342,039 to €331,742
- Debts after one year -€47,315
down €47,315 (-12.4%), from €382,853 to €335,538
- Other debts +€26,564
up €26,564 (+16.1%), from €165,467 to €192,031
- Trade debts +€9,989
up €9,989 (+20.7%), from €48,254 to €58,243
- Gross operating margin -€7,583
down €7,583 (-7.2%), from €105,609 to €98,026
- Taxes -€6,721
down €6,721 (-88.2%), from €7,618 to €896
- Depreciation -€6,009
down €6,009 (-14.8%), from €40,472 to €34,464
- Staff costs -€2,918
down €2,918 (-32.0%), from €9,118 to €6,200
- Financial charges -€1,659
down €1,659 (-6.7%), from €24,899 to €23,240
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 | €919,419 | €911,548 | -€7,871 | -0.9% |
| Fixed assets | 21/28 | €537,249 | €488,889 | -€48,360 | -9.0% |
| Tangible fixed assets | 22/27 | €536,739 | €488,379 | -€48,360 | -9.0% |
| Land and buildings | 22 | €433,552 | €409,705 | -€23,847 | -5.5% |
| Plant, machinery and equipment | 23 | €77,580 | €74,361 | -€3,220 | -4.2% |
| Furniture and vehicles | 24 | €25,607 | €4,313 | -€21,293 | -83.2% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €382,170 | €422,658 | +€40,489 | +10.6% |
| Stocks and contracts in progress | 3 | €342,039 | €331,742 | -€10,298 | -3.0% |
| Stocks | 30/36 | €342,039 | €331,742 | -€10,298 | -3.0% |
| Amounts receivable within one year | 40/41 | €17,014 | €57,410 | +€40,397 | +237% |
| Trade receivables | 40 | €17,014 | €57,410 | +€40,397 | +237% |
| Cash at bank and in hand | 54/58 | €18,351 | €28,818 | +€10,467 | +57.0% |
| Deferred charges and accrued income | 490/1 | €4,766 | €4,688 | -€77 | -1.6% |
| Total equity and liabilities | 10/49 | €919,419 | €911,548 | -€7,871 | -0.9% |
| Equity | 10/15 | €107,502 | €113,620 | +€6,118 | +5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,051 | €93,169 | +€6,118 | +7.0% |
| Amounts payable | 17/49 | €811,917 | €797,928 | -€13,989 | -1.7% |
| Amounts payable after more than one year | 17 | €382,853 | €335,538 | -€47,315 | -12.4% |
| Financial debts | 170/4 | €382,853 | €335,538 | -€47,315 | -12.4% |
| Amounts payable within one year | 42/48 | €426,852 | €460,004 | +€33,153 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €195,355 | €197,454 | +€2,099 | +1.1% |
| Trade debts | 44 | €48,254 | €58,243 | +€9,989 | +20.7% |
| Suppliers | 440/4 | €48,254 | €58,243 | +€9,989 | +20.7% |
| Taxes, remuneration and social security | 45 | €17,776 | €12,276 | -€5,500 | -30.9% |
| Taxes | 450/3 | €16,156 | €12,276 | -€3,880 | -24.0% |
| Remuneration and social security | 454/9 | €1,620 | - | -€1,620 | |
| Other amounts payable | 47/48 | €165,467 | €192,031 | +€26,564 | +16.1% |
| Accrued charges and deferred income | 492/3 | €2,212 | €2,386 | +€173 | +7.8% |
| Remuneration, social security and pensions | 62 | €9,118 | €6,200 | -€2,918 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,472 | €34,464 | -€6,009 | -14.8% |
| Other operating charges | 640/8 | €2,906 | €3,708 | +€802 | +27.6% |
| Non-recurring operating charges | 66A | - | €23,400 | +€23,400 | |
| Gross operating margin | 9900 | €105,609 | €98,026 | -€7,583 | -7.2% |
| Operating profit (loss) | 9901 | €53,113 | €30,255 | -€22,858 | -43.0% |
| Financial charges | 65/66B | €24,899 | €23,240 | -€1,659 | -6.7% |
| Recurring financial charges | 65 | €24,899 | €23,240 | -€1,659 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €28,214 | €7,015 | -€21,199 | -75.1% |
| Income taxes | 67/77 | €7,618 | €896 | -€6,721 | -88.2% |
| Profit (loss) for the period | 9904 | €20,596 | €6,118 | -€14,478 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,596 | €6,118 | -€14,478 | -70.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.