GK DECOR: 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 DECOR
Largest movements
- Receivables within one year +€180,610
up €180,610 (+13.1%), from €1.4m to €1.6m
of which Trade receivables: +€167,638
- Cash -€23,532
down €23,532 (-47.4%), from €49,617 to €26,085
mainly Receivables within one year (-€180,610) and Current portion of long-term debt (-€5,096)
- Trade debts +€125,658
up €125,658 (+9.7%), from €1.3m to €1.4m
- Profit (loss) carried forward +€27,290
up €27,290 (+28.0%), from €97,481 to €124,771
- Gross operating margin +€35,389
up €35,389 (+243%), from €14,589 to €49,978
- Financial charges +€6,824
up €6,824 (+154%), from €4,445 to €11,268
- Taxes -€4,456
down €4,456 (-38.6%), from €11,553 to €7,097
- Depreciation +€3,524
new in 2024: €3,524
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.
Derived cash bridge
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 | €1,435,161 | €1,586,110 | +€150,949 | +10.5% |
| Fixed assets | 21/28 | €8,433 | €2,875 | -€5,558 | -65.9% |
| Tangible fixed assets | 22/27 | €8,433 | €2,875 | -€5,558 | -65.9% |
| Plant, machinery and equipment | 23 | - | €1,201 | +€1,201 | |
| Furniture and vehicles | 24 | €8,433 | €1,674 | -€6,759 | -80.1% |
| Current assets | 29/58 | €1,426,728 | €1,583,236 | +€156,508 | +11.0% |
| Amounts receivable within one year | 40/41 | €1,376,220 | €1,556,830 | +€180,610 | +13.1% |
| Trade receivables | 40 | €1,355,096 | €1,522,733 | +€167,638 | +12.4% |
| Other amounts receivable | 41 | €21,124 | €34,097 | +€12,973 | +61.4% |
| Cash at bank and in hand | 54/58 | €49,617 | €26,085 | -€23,532 | -47.4% |
| Deferred charges and accrued income | 490/1 | €891 | €320 | -€571 | -64.1% |
| Total equity and liabilities | 10/49 | €1,435,161 | €1,586,110 | +€150,949 | +10.5% |
| Equity | 10/15 | €105,470 | €132,760 | +€27,290 | +25.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,789 | €1,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,789 | €1,789 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,789 | €1,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,481 | €124,771 | +€27,290 | +28.0% |
| Amounts payable | 17/49 | €1,329,691 | €1,453,351 | +€123,659 | +9.3% |
| Amounts payable after more than one year | 17 | €3,254 | - | -€3,254 | |
| Financial debts | 170/4 | €3,254 | - | -€3,254 | |
| Amounts payable within one year | 42/48 | €1,326,437 | €1,452,672 | +€126,234 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €8,350 | €3,254 | -€5,096 | -61.0% |
| Financial debts | 43 | €22,879 | €19,100 | -€3,779 | -16.5% |
| Credit institutions | 430/8 | €22,879 | €19,100 | -€3,779 | -16.5% |
| Trade debts | 44 | €1,291,309 | €1,416,968 | +€125,658 | +9.7% |
| Suppliers | 440/4 | €1,291,309 | €1,416,968 | +€125,658 | +9.7% |
| Taxes, remuneration and social security | 45 | €3,900 | €11,600 | +€7,700 | +197% |
| Taxes | 450/3 | €3,900 | €11,600 | +€7,700 | +197% |
| Other amounts payable | 47/48 | - | €1,750 | +€1,750 | |
| Accrued charges and deferred income | 492/3 | - | €679 | +€679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,524 | +€3,524 | |
| Gross operating margin | 9900 | €14,589 | €49,978 | +€35,389 | +243% |
| Operating profit (loss) | 9901 | €14,589 | €46,453 | +€31,864 | +218% |
| Financial income | 75/76B | €202 | €2 | -€200 | -98.9% |
| Recurring financial income | 75 | €202 | €2 | -€200 | -98.9% |
| Financial charges | 65/66B | €4,445 | €11,268 | +€6,824 | +154% |
| Recurring financial charges | 65 | €4,445 | €11,268 | +€6,824 | +154% |
| Profit (loss) for the period before taxes | 9903 | €10,347 | €35,187 | +€24,841 | +240% |
| Income taxes | 67/77 | €11,553 | €7,097 | -€4,456 | -38.6% |
| Profit (loss) for the period | 9904 | -€1,207 | €28,090 | +€29,297 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,207 | €28,090 | +€29,297 |
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 14 October 2026 via checked.be.