GK CONSTRUCT: 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.
GK CONSTRUCT
Largest movements
- Receivables within one year -€15,327
down €15,327 (-42.0%), from €36,497 to €21,170
of which Trade receivables: -€10,195
- Cash +€6,332
up €6,332 (+87.1%), from €7,269 to €13,601
mainly Receivables within one year (+€15,327) and Net result for the year (+€5,412)
- Tangible fixed assets -€1,225
down €1,225 (-66.8%), from €1,833 to €608
of which Furniture and vehicles: -€1,833
- Deferred charges and accrued income -€697
no longer reported in 2024 (was €697)
- Trade debts -€11,738
down €11,738 (-65.8%), from €17,834 to €6,097
- Tax, wage and social debts -€5,514
down €5,514 (-51.1%), from €10,792 to €5,277
- Profit (loss) carried forward +€5,412
up €5,412 (+66.0%), from €8,195 to €13,607
- Other debts +€923
up €923 (+47.1%), from €1,960 to €2,883
- Gross operating margin +€36,422
up €36,422, from -€27,458 to €8,964
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,296 | €35,379 | -€10,917 | -23.6% |
| Fixed assets | 21/28 | €1,833 | €608 | -€1,225 | -66.8% |
| Tangible fixed assets | 22/27 | €1,833 | €608 | -€1,225 | -66.8% |
| Plant, machinery and equipment | 23 | - | €608 | +€608 | |
| Furniture and vehicles | 24 | €1,833 | - | -€1,833 | |
| Current assets | 29/58 | €44,463 | €34,771 | -€9,692 | -21.8% |
| Amounts receivable within one year | 40/41 | €36,497 | €21,170 | -€15,327 | -42.0% |
| Trade receivables | 40 | €25,166 | €14,970 | -€10,195 | -40.5% |
| Other amounts receivable | 41 | €11,332 | €6,200 | -€5,132 | -45.3% |
| Cash at bank and in hand | 54/58 | €7,269 | €13,601 | +€6,332 | +87.1% |
| Deferred charges and accrued income | 490/1 | €697 | - | -€697 | |
| Total equity and liabilities | 10/49 | €46,296 | €35,379 | -€10,917 | -23.6% |
| Equity | 10/15 | €15,711 | €21,122 | +€5,412 | +34.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,315 | €1,315 | = | 0.0% |
| Distributable reserves | 133 | €1,315 | €1,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,195 | €13,607 | +€5,412 | +66.0% |
| Amounts payable | 17/49 | €30,586 | €14,257 | -€16,329 | -53.4% |
| Amounts payable within one year | 42/48 | €30,586 | €14,257 | -€16,329 | -53.4% |
| Trade debts | 44 | €17,834 | €6,097 | -€11,738 | -65.8% |
| Suppliers | 440/4 | €17,834 | €6,097 | -€11,738 | -65.8% |
| Taxes, remuneration and social security | 45 | €10,792 | €5,277 | -€5,514 | -51.1% |
| Taxes | 450/3 | €10,792 | €5,277 | -€5,514 | -51.1% |
| Other amounts payable | 47/48 | €1,960 | €2,883 | +€923 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,833 | €1,833 | +€0 | 0.0% |
| Other operating charges | 640/8 | €770 | €841 | +€71 | +9.2% |
| Non-recurring operating charges | 66A | €928 | €824 | -€104 | -11.2% |
| Gross operating margin | 9900 | -€27,458 | €8,964 | +€36,422 | |
| Operating profit (loss) | 9901 | -€30,990 | €5,466 | +€36,456 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -86.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -86.7% |
| Financial charges | 65/66B | €45 | €54 | +€9 | +20.2% |
| Recurring financial charges | 65 | €45 | €54 | +€9 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,035 | €5,412 | +€36,446 | |
| Profit (loss) for the period | 9904 | -€31,035 | €5,412 | +€36,446 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,035 | €5,412 | +€36,446 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.