GK AUTOMOBILE: what changed
What changed
GK AUTOMOBILE
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€17,673
2024 · -€17,699+€35,372
Equity
€7,368
2024 · -€10,305+€17,673
Cash
€9
2024 · €17-€9
Balance sheet total
€463,583
2024 · €343,608+€119,974
Largest movements
Assets
- Stocks and contracts +€204,249
up €204,249 (+83.8%), from €243,850 to €448,100
- Receivables within one year -€81,396
down €81,396 (-88.9%), from €91,553 to €10,157
of which Trade receivables: -€90,553
Equity and liabilities
- Other debts +€191,025
up €191,025, from €0 to €191,025
- Trade debts -€89,945
down €89,945 (-26.8%), from €335,942 to €245,997
- Profit (loss) carried forward +€17,673
up €17,673, from -€11,805 to €5,868
- Accrued charges and deferred income +€9,292
new in 2025: €9,292
- Tax, wage and social debts -€6,784
down €6,784 (-40.7%), from €16,685 to €9,900
of which Taxes: -€5,747
Income statement
- Turnover +€742,557
up €742,557, from €0 to €742,557
- Purchases and services -€267,142
down €267,142 (-27.2%), from €982,819 to €715,677
- Staff costs -€18,349
down €18,349 (-98.5%), from €18,631 to €282
- Financial charges -€8,021
down €8,021 (-54.3%), from €14,775 to €6,754
- Gross operating margin +€7,820
up €7,820 (+34.9%), from €22,386 to €30,206
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€17,699
Gross operating margin
+€7,820
Staff costs
+€18,349
Other operating charges
-€500
Other operating items
+€4,756
Financial income
-€406
Financial charges
+€8,021
Taxes
-€2,668
Result 2025
€17,673
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€37
Investment
+€1,315
Financing
-€1,287
Cash 2024
€17
From operations (derived)
-€37
Net result for the year
+€17,673
Depreciation
+€1,850
Stocks and contracts
-€204,249
Receivables within one year
+€81,396
Deferred charges and accrued income
-€295
Trade debts
-€89,945
Tax, wage and social debts
-€6,784
Other debts
+€191,025
Accrued charges and deferred income
+€9,292
Investment (derived)
+€1,315
Current investments
+€1,315
Financing
-€1,287
Short-term financial debts
-€1,287
Cash 2025
€9
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €343,608 | €463,583 | +€119,974 | +34.9% |
| Fixed assets | 21/28 | €6,873 | €5,023 | -€1,850 | -26.9% |
| Tangible fixed assets | 22/27 | €6,873 | €5,023 | -€1,850 | -26.9% |
| Plant, machinery and equipment | 23 | €4,120 | €3,090 | -€1,030 | -25.0% |
| Other tangible fixed assets | 26 | €2,753 | €1,933 | -€820 | -29.8% |
| Current assets | 29/58 | €336,735 | €458,560 | +€121,824 | +36.2% |
| Stocks and contracts in progress | 3 | €243,850 | €448,100 | +€204,249 | +83.8% |
| Stocks | 30/36 | €243,850 | €448,100 | +€204,249 | +83.8% |
| Amounts receivable within one year | 40/41 | €91,553 | €10,157 | -€81,396 | -88.9% |
| Trade receivables | 40 | €90,553 | - | -€90,553 | |
| Other amounts receivable | 41 | €1,000 | €10,157 | +€9,157 | +916% |
| Current investments | 50/53 | €1,315 | €0 | -€1,315 | -100% |
| Cash at bank and in hand | 54/58 | €17 | €9 | -€9 | -49.4% |
| Deferred charges and accrued income | 490/1 | - | €295 | +€295 | |
| Total equity and liabilities | 10/49 | €343,608 | €463,583 | +€119,974 | +34.9% |
| Equity | 10/15 | -€10,305 | €7,368 | +€17,673 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,805 | €5,868 | +€17,673 | |
| Amounts payable | 17/49 | €353,913 | €456,215 | +€102,301 | +28.9% |
| Amounts payable within one year | 42/48 | €353,913 | €446,923 | +€93,010 | +26.3% |
| Financial debts | 43 | €1,287 | €0 | -€1,287 | -100% |
| Credit institutions | 430/8 | €1,287 | €0 | -€1,287 | -100% |
| Trade debts | 44 | €335,942 | €245,997 | -€89,945 | -26.8% |
| Suppliers | 440/4 | €335,942 | €245,997 | -€89,945 | -26.8% |
| Taxes, remuneration and social security | 45 | €16,685 | €9,900 | -€6,784 | -40.7% |
| Taxes | 450/3 | €15,647 | €9,900 | -€5,747 | -36.7% |
| Remuneration and social security | 454/9 | €1,037 | €0 | -€1,037 | -100% |
| Other amounts payable | 47/48 | €0 | €191,025 | +€191,025 | |
| Accrued charges and deferred income | 492/3 | - | €9,292 | +€9,292 | |
| Turnover | 70 | €0 | €742,557 | +€742,557 | |
| Goods, raw materials, services and sundry goods | 60/61 | €982,819 | €715,677 | -€267,142 | -27.2% |
| Remuneration, social security and pensions | 62 | €18,631 | €282 | -€18,349 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,850 | €1,850 | = | 0.0% |
| Other operating charges | 640/8 | - | €500 | +€500 | |
| Non-recurring operating charges | 66A | €5,352 | €596 | -€4,756 | -88.9% |
| Gross operating margin | 9900 | €22,386 | €30,206 | +€7,820 | +34.9% |
| Operating profit (loss) | 9901 | -€3,447 | €26,978 | +€30,424 | |
| Financial income | 75/76B | €523 | €117 | -€406 | -77.7% |
| Recurring financial income | 75 | €523 | €117 | -€406 | -77.7% |
| Financial charges | 65/66B | €14,775 | €6,754 | -€8,021 | -54.3% |
| Recurring financial charges | 65 | €14,775 | €6,754 | -€8,021 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,699 | €20,341 | +€38,040 | |
| Income taxes | 67/77 | - | €2,668 | +€2,668 | |
| Profit (loss) for the period | 9904 | -€17,699 | €17,673 | +€35,372 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,699 | €17,673 | +€35,372 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.