GFK TRADING: 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.
GFK TRADING
Largest movements
- Receivables within one year -€23,769
down €23,769 (-28.2%), from €84,419 to €60,649
of which Trade receivables: -€23,490
- Cash -€14,374
down €14,374 (-43.6%), from €32,965 to €18,591
mainly Other debts (-€33,490) and Net result for the year (-€4,654)
- Other debts -€33,490
down €33,490 (-32.7%), from €102,527 to €69,037
- Profit (loss) carried forward -€4,654
down €4,654 (-81.0%), from -€5,743 to -€10,396
- Gross operating margin -€17,902
down €17,902, from €13,365 to -€4,537
- Other operating charges -€3,637
no longer reported in 2025 (was €3,637)
- Financial charges -€164
down €164 (-58.4%), from €281 to €117
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 | €117,684 | €79,541 | -€38,144 | -32.4% |
| Current assets | 29/58 | €117,684 | €79,541 | -€38,144 | -32.4% |
| Amounts receivable within one year | 40/41 | €84,419 | €60,649 | -€23,769 | -28.2% |
| Trade receivables | 40 | €83,925 | €60,435 | -€23,490 | -28.0% |
| Other amounts receivable | 41 | €493 | €214 | -€279 | -56.6% |
| Cash at bank and in hand | 54/58 | €32,965 | €18,591 | -€14,374 | -43.6% |
| Deferred charges and accrued income | 490/1 | €300 | €300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €117,684 | €79,541 | -€38,144 | -32.4% |
| Equity | 10/15 | €15,157 | €10,504 | -€4,654 | -30.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Contributions outside capital | 11 | €19,000 | - | -€19,000 | |
| Other | 1109/19 | €19,000 | - | -€19,000 | |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,743 | -€10,396 | -€4,654 | -81.0% |
| Amounts payable | 17/49 | €102,527 | €69,037 | -€33,490 | -32.7% |
| Amounts payable within one year | 42/48 | €102,527 | €69,037 | -€33,490 | -32.7% |
| Other amounts payable | 47/48 | €102,527 | €69,037 | -€33,490 | -32.7% |
| Other operating charges | 640/8 | €3,637 | - | -€3,637 | |
| Gross operating margin | 9900 | €13,365 | -€4,537 | -€17,902 | |
| Operating profit (loss) | 9901 | €9,728 | -€4,537 | -€14,265 | |
| Financial charges | 65/66B | €281 | €117 | -€164 | -58.4% |
| Recurring financial charges | 65 | €281 | €117 | -€164 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €9,448 | -€4,654 | -€14,101 | |
| Profit (loss) for the period | 9904 | €9,448 | -€4,654 | -€14,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,448 | -€4,654 | -€14,101 |
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 24 October 2026 via checked.be.