GEKRIKOM: 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.
GEKRIKOM
Largest movements
- Receivables after one year +€1.2m
up €1.2m (+90.6%), from €1.3m to €2.4m
of which Other amounts receivable: +€1.2m
- Tangible fixed assets -€434,684
down €434,684 (-7.7%), from €5.7m to €5.2m
of which Land and buildings: -€398,639
- Receivables within one year +€358,452
up €358,452 (+103.1%), from €347,605 to €706,056
of which Other amounts receivable: +€190,231
- Cash -€187,166
down €187,166 (-42.2%), from €443,113 to €255,946
mainly Receivables after one year (-€1.2m) and Receivables within one year (-€358,452)
- Short-term financial debts +€1.1m
new in 2025: €1.1m
of which Other loans: +€800,000
- Debts after one year -€207,997
down €207,997 (-4.9%), from €4.2m to €4.0m
- Trade debts +€154,138
up €154,138 (+209.1%), from €73,708 to €227,846
- Reserves -€107,455
down €107,455 (-6.1%), from €1.8m to €1.7m
of which Tax-exempt reserves: -€107,455
- Gross operating margin -€130,458
down €130,458 (-28.9%), from €451,909 to €321,451
- Depreciation -€22,868
down €22,868 (-5.8%), from €395,580 to €372,711
- Write-downs +€18,031
new in 2025: €18,031
- Financial income +€13,278
up €13,278 (+11064800.0%), from €0 to €13,278
- Financial charges +€10,021
up €10,021 (+50.1%), from €20,007 to €30,028
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 | €7,767,013 | €8,672,657 | +€905,644 | +11.7% |
| Fixed assets | 21/28 | €5,696,296 | €5,263,112 | -€433,184 | -7.6% |
| Intangible fixed assets | 21 | €27,357 | €27,357 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,658,939 | €5,224,255 | -€434,684 | -7.7% |
| Land and buildings | 22 | €5,472,174 | €5,073,535 | -€398,639 | -7.3% |
| Plant, machinery and equipment | 23 | €9,897 | €8,785 | -€1,112 | -11.2% |
| Furniture and vehicles | 24 | €31,372 | €17,028 | -€14,343 | -45.7% |
| Other tangible fixed assets | 26 | €145,497 | €124,908 | -€20,589 | -14.2% |
| Financial fixed assets | 28 | €10,000 | €11,500 | +€1,500 | +15.0% |
| Current assets | 29/58 | €2,070,717 | €3,409,545 | +€1.3m | +64.7% |
| Amounts receivable after more than one year | 29 | €1,280,000 | €2,439,560 | +€1.2m | +90.6% |
| Trade receivables | 290 | €800,000 | €800,000 | = | 0.0% |
| Other amounts receivable | 291 | €480,000 | €1,639,560 | +€1.2m | +241.6% |
| Amounts receivable within one year | 40/41 | €347,605 | €706,056 | +€358,452 | +103.1% |
| Trade receivables | 40 | €11,682 | €179,902 | +€168,220 | +1440.0% |
| Other amounts receivable | 41 | €335,923 | €526,154 | +€190,231 | +56.6% |
| Cash at bank and in hand | 54/58 | €443,113 | €255,946 | -€187,166 | -42.2% |
| Deferred charges and accrued income | 490/1 | €0 | €7,982 | +€7,982 | |
| Total equity and liabilities | 10/49 | €7,767,013 | €8,672,657 | +€905,644 | +11.7% |
| Equity | 10/15 | €2,681,022 | €2,593,243 | -€87,779 | -3.3% |
| Contributions | 10/11 | €773,501 | €773,501 | = | 0.0% |
| Reserves | 13 | €1,774,584 | €1,667,129 | -€107,455 | -6.1% |
| Non-distributable reserves | 130/1 | €66,917 | €66,917 | = | 0.0% |
| Reserves not available under the articles | 1311 | €66,917 | €66,917 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,707,667 | €1,600,212 | -€107,455 | -6.3% |
| Profit (loss) carried forward | 14 | €132,938 | €152,614 | +€19,676 | +14.8% |
| Provisions and deferred taxes | 16 | €561,722 | €525,904 | -€35,818 | -6.4% |
| Deferred taxes | 168 | €561,722 | €525,904 | -€35,818 | -6.4% |
| Amounts payable | 17/49 | €4,524,269 | €5,553,510 | +€1.0m | +22.7% |
| Amounts payable after more than one year | 17 | €4,233,160 | €4,025,163 | -€207,997 | -4.9% |
| Financial debts | 170/4 | €4,233,160 | €4,025,163 | -€207,997 | -4.9% |
| Amounts payable within one year | 42/48 | €287,291 | €1,524,713 | +€1.2m | +430.7% |
| Current portion of amounts payable after more than one year | 42 | €101,224 | €92,106 | -€9,118 | -9.0% |
| Financial debts | 43 | - | €1,050,000 | +€1.1m | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Other loans | 439 | - | €800,000 | +€800,000 | |
| Trade debts | 44 | €73,708 | €227,846 | +€154,138 | +209.1% |
| Suppliers | 440/4 | €73,708 | €227,846 | +€154,138 | +209.1% |
| Taxes, remuneration and social security | 45 | €16,190 | €20,278 | +€4,088 | +25.3% |
| Taxes | 450/3 | €16,190 | €20,278 | +€4,088 | +25.3% |
| Other amounts payable | 47/48 | €96,169 | €134,483 | +€38,313 | +39.8% |
| Accrued charges and deferred income | 492/3 | €3,818 | €3,635 | -€183 | -4.8% |
| Non-recurring operating income | 76A | €107,007 | €0 | -€107,007 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395,580 | €372,711 | -€22,868 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,031 | +€18,031 | |
| Other operating charges | 640/8 | €33,019 | €37,277 | +€4,259 | +12.9% |
| Gross operating margin | 9900 | €451,909 | €321,451 | -€130,458 | -28.9% |
| Operating profit (loss) | 9901 | €23,311 | -€106,569 | -€129,880 | |
| Financial income | 75/76B | €0 | €13,278 | +€13,278 | +11064800.0% |
| Recurring financial income | 75 | €0 | €13,278 | +€13,278 | +11064800.0% |
| Financial charges | 65/66B | €20,007 | €30,028 | +€10,021 | +50.1% |
| Recurring financial charges | 65 | €20,007 | €30,028 | +€10,021 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €3,304 | -€123,319 | -€126,623 | |
| Transfer from deferred taxes | 780 | €35,818 | €35,818 | = | 0.0% |
| Income taxes | 67/77 | €305 | €278 | -€27 | -8.7% |
| Profit (loss) for the period | 9904 | €38,818 | -€87,779 | -€126,597 | |
| Transfer from tax-exempt reserves | 789 | €107,455 | €107,455 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,273 | €19,676 | -€126,597 | -86.5% |
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 11 October 2026 via checked.be.