G-KASS: 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-KASS
Largest movements
- Receivables within one year -€52,265
down €52,265 (-59.5%), from €87,857 to €35,592
of which Trade receivables: -€58,342
- Tangible fixed assets -€26,882
down €26,882 (-61.2%), from €43,913 to €17,031
of which Leasing and similar rights: -€21,492
- Deferred charges and accrued income +€1,844
up €1,844 (+257%), from €718 to €2,563
- Profit (loss) carried forward -€36,584
down €36,584 (-188%), from -€19,489 to -€56,073
- Trade debts -€13,673
down €13,673 (-16.8%), from €81,497 to €67,824
- Debts after one year -€13,226
down €13,226 (-100%), from €13,226 to €0
- Current portion of long-term debt -€9,422
down €9,422 (-41.6%), from €22,648 to €13,226
- Other debts -€3,354
down €3,354 (-100%), from €3,354 to €0
- Gross operating margin -€36,149
down €36,149 (-28.8%), from €125,653 to €89,504
- Staff costs +€13,797
up €13,797 (+17.4%), from €79,285 to €93,082
- Depreciation -€1,677
down €1,677 (-5.9%), from €28,560 to €26,882
- Financial charges -€1,502
down €1,502 (-22.5%), from €6,677 to €5,174
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 | €139,028 | €61,867 | -€77,161 | -55.5% |
| Fixed assets | 21/28 | €50,453 | €23,571 | -€26,882 | -53.3% |
| Tangible fixed assets | 22/27 | €43,913 | €17,031 | -€26,882 | -61.2% |
| Plant, machinery and equipment | 23 | €3,115 | €1,565 | -€1,551 | -49.8% |
| Furniture and vehicles | 24 | €3,840 | €0 | -€3,840 | -100% |
| Leasing and similar rights | 25 | €36,958 | €15,466 | -€21,492 | -58.2% |
| Financial fixed assets | 28 | €6,540 | €6,540 | = | 0.0% |
| Current assets | 29/58 | €88,575 | €38,297 | -€50,278 | -56.8% |
| Amounts receivable within one year | 40/41 | €87,857 | €35,592 | -€52,265 | -59.5% |
| Trade receivables | 40 | €77,925 | €19,583 | -€58,342 | -74.9% |
| Other amounts receivable | 41 | €9,932 | €16,009 | +€6,077 | +61.2% |
| Cash at bank and in hand | 54/58 | - | €142 | +€142 | |
| Deferred charges and accrued income | 490/1 | €718 | €2,563 | +€1,844 | +257% |
| Total equity and liabilities | 10/49 | €139,028 | €61,867 | -€77,161 | -55.5% |
| Equity | 10/15 | -€14,489 | -€51,073 | -€36,584 | -252% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,489 | -€56,073 | -€36,584 | -188% |
| Amounts payable | 17/49 | €153,517 | €112,940 | -€40,577 | -26.4% |
| Amounts payable after more than one year | 17 | €13,226 | €0 | -€13,226 | -100% |
| Financial debts | 170/4 | €13,226 | €0 | -€13,226 | -100% |
| Amounts payable within one year | 42/48 | €140,291 | €112,940 | -€27,351 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €22,648 | €13,226 | -€9,422 | -41.6% |
| Financial debts | 43 | €31,754 | €31,509 | -€246 | -0.8% |
| Credit institutions | 430/8 | €31,754 | €31,509 | -€246 | -0.8% |
| Trade debts | 44 | €81,497 | €67,824 | -€13,673 | -16.8% |
| Suppliers | 440/4 | €81,497 | €67,824 | -€13,673 | -16.8% |
| Taxes, remuneration and social security | 45 | €1,037 | €381 | -€656 | -63.3% |
| Taxes | 450/3 | €407 | €381 | -€26 | -6.3% |
| Remuneration and social security | 454/9 | €631 | €0 | -€631 | -100% |
| Other amounts payable | 47/48 | €3,354 | €0 | -€3,354 | -100% |
| Remuneration, social security and pensions | 62 | €79,285 | €93,082 | +€13,797 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,560 | €26,882 | -€1,677 | -5.9% |
| Other operating charges | 640/8 | €1,180 | €1,112 | -€68 | -5.8% |
| Gross operating margin | 9900 | €125,653 | €89,504 | -€36,149 | -28.8% |
| Operating profit (loss) | 9901 | €16,629 | -€31,572 | -€48,201 | |
| Financial income | 75/76B | €431 | €344 | -€87 | -20.1% |
| Recurring financial income | 75 | €431 | €344 | -€87 | -20.1% |
| Financial charges | 65/66B | €6,677 | €5,174 | -€1,502 | -22.5% |
| Recurring financial charges | 65 | €6,677 | €5,174 | -€1,502 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €10,383 | -€36,402 | -€46,785 | |
| Income taxes | 67/77 | €199 | €182 | -€17 | -8.5% |
| Profit (loss) for the period | 9904 | €10,184 | -€36,584 | -€46,768 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,184 | -€36,584 | -€46,768 |
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.