GAK: 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.
GAK
Largest movements
- Cash +€132,719
new in 2025: €132,719
mainly Other debts (+€164,787) and Net result for the year (+€17,609)
- Receivables within one year -€7,162
down €7,162 (-4.6%), from €155,713 to €148,551
of which Trade receivables: -€35,527
- Other debts +€164,787
new in 2025: €164,787
- Trade debts -€49,259
down €49,259 (-40.9%), from €120,493 to €71,234
- Profit (loss) carried forward +€17,609
up €17,609 (+110.2%), from €15,981 to €33,590
- Short-term financial debts -€9,975
no longer reported in 2025 (was €9,975)
- Gross operating margin +€30,041
up €30,041 (+222.2%), from €13,521 to €43,562
- Other operating charges +€11,641
up €11,641 (+213.1%), from €5,463 to €17,104
- Taxes +€7,737
new in 2025: €7,737
- Financial charges -€728
down €728 (-39.5%), from €1,840 to €1,113
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.
Cash bridge derived
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 | €160,713 | €286,370 | +€125,657 | +78.2% |
| Fixed assets | 21/28 | €5,000 | €5,100 | +€100 | +2.0% |
| Financial fixed assets | 28 | €5,000 | €5,100 | +€100 | +2.0% |
| Current assets | 29/58 | €155,713 | €281,270 | +€125,557 | +80.6% |
| Amounts receivable within one year | 40/41 | €155,713 | €148,551 | -€7,162 | -4.6% |
| Trade receivables | 40 | €96,755 | €61,228 | -€35,527 | -36.7% |
| Other amounts receivable | 41 | €58,959 | €87,323 | +€28,365 | +48.1% |
| Cash at bank and in hand | 54/58 | - | €132,719 | +€132,719 | |
| Total equity and liabilities | 10/49 | €160,713 | €286,370 | +€125,657 | +78.2% |
| Equity | 10/15 | €24,041 | €41,650 | +€17,609 | +73.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,981 | €33,590 | +€17,609 | +110.2% |
| Amounts payable | 17/49 | €136,672 | €244,720 | +€108,047 | +79.1% |
| Amounts payable within one year | 42/48 | €136,672 | €244,720 | +€108,047 | +79.1% |
| Financial debts | 43 | €9,975 | - | -€9,975 | |
| Credit institutions | 430/8 | €9,975 | - | -€9,975 | |
| Trade debts | 44 | €120,493 | €71,234 | -€49,259 | -40.9% |
| Suppliers | 440/4 | €120,493 | €71,234 | -€49,259 | -40.9% |
| Taxes, remuneration and social security | 45 | €6,204 | €8,698 | +€2,494 | +40.2% |
| Taxes | 450/3 | €5,243 | €7,737 | +€2,494 | +47.6% |
| Remuneration and social security | 454/9 | €962 | €962 | = | 0.0% |
| Other amounts payable | 47/48 | - | €164,787 | +€164,787 | |
| Other operating charges | 640/8 | €5,463 | €17,104 | +€11,641 | +213.1% |
| Gross operating margin | 9900 | €13,521 | €43,562 | +€30,041 | +222.2% |
| Operating profit (loss) | 9901 | €8,058 | €26,458 | +€18,400 | +228.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,840 | €1,113 | -€728 | -39.5% |
| Recurring financial charges | 65 | €1,840 | €1,113 | -€728 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €6,218 | €25,346 | +€19,128 | +307.6% |
| Income taxes | 67/77 | - | €7,737 | +€7,737 | |
| Profit (loss) for the period | 9904 | €6,218 | €17,609 | +€11,391 | +183.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,218 | €17,609 | +€11,391 | +183.2% |
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 10 October 2026 via checked.be.