GK TECHWORX: what changed
GK TECHWORX
Largest movements
- Tangible fixed assets -€13,319
down €13,319 (-75.4%), from €17,654 to €4,335
of which Furniture and vehicles: -€11,659
- Cash -€7,748
down €7,748 (-85.3%), from €9,084 to €1,336
mainly Net result for the year (-€6,541) and Other debts (-€4,055)
- Receivables within one year +€3,094
up €3,094 (+22.0%), from €14,039 to €17,132
of which Other amounts receivable: +€1,608
- Profit (loss) carried forward -€6,541
down €6,541 (-98.1%), from €6,665 to €124
- Other debts -€4,055
down €4,055 (-49.8%), from €8,145 to €4,091
- Debts after one year -€4,016
down €4,016 (-61.7%), from €6,510 to €2,493
- Trade debts -€1,858
down €1,858 (-46.0%), from €4,037 to €2,178
- Tax, wage and social debts -€1,740
down €1,740 (-25.5%), from €6,812 to €5,072
- Gross operating margin -€27,436
down €27,436 (-82.2%), from €33,361 to €5,925
- Depreciation -€6,777
down €6,777 (-73.3%), from €9,243 to €2,467
- Taxes -€2,881
down €2,881 (-95.3%), from €3,024 to €143
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,907 | €23,591 | -€18,316 | -43.7% |
| Fixed assets | 21/28 | €17,654 | €4,335 | -€13,319 | -75.4% |
| Tangible fixed assets | 22/27 | €17,654 | €4,335 | -€13,319 | -75.4% |
| Plant, machinery and equipment | 23 | €2,422 | €763 | -€1,660 | -68.5% |
| Furniture and vehicles | 24 | €15,232 | €3,572 | -€11,659 | -76.5% |
| Current assets | 29/58 | €24,253 | €19,256 | -€4,997 | -20.6% |
| Amounts receivable within one year | 40/41 | €14,039 | €17,132 | +€3,094 | +22.0% |
| Trade receivables | 40 | €14,039 | €15,525 | +€1,486 | +10.6% |
| Other amounts receivable | 41 | - | €1,608 | +€1,608 | |
| Cash at bank and in hand | 54/58 | €9,084 | €1,336 | -€7,748 | -85.3% |
| Deferred charges and accrued income | 490/1 | €1,130 | €787 | -€343 | -30.4% |
| Total equity and liabilities | 10/49 | €41,907 | €23,591 | -€18,316 | -43.7% |
| Equity | 10/15 | €11,665 | €5,124 | -€6,541 | -56.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,665 | €124 | -€6,541 | -98.1% |
| Amounts payable | 17/49 | €30,242 | €18,467 | -€11,775 | -38.9% |
| Amounts payable after more than one year | 17 | €6,510 | €2,493 | -€4,016 | -61.7% |
| Financial debts | 170/4 | €6,510 | €2,493 | -€4,016 | -61.7% |
| Amounts payable within one year | 42/48 | €23,732 | €15,974 | -€7,759 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €3,713 | €4,016 | +€304 | +8.2% |
| Financial debts | 43 | €1,026 | €615 | -€410 | -40.0% |
| Credit institutions | 430/8 | €1,026 | €615 | -€410 | -40.0% |
| Trade debts | 44 | €4,037 | €2,178 | -€1,858 | -46.0% |
| Suppliers | 440/4 | €4,037 | €2,178 | -€1,858 | -46.0% |
| Taxes, remuneration and social security | 45 | €6,812 | €5,072 | -€1,740 | -25.5% |
| Taxes | 450/3 | €6,812 | €5,072 | -€1,740 | -25.5% |
| Other amounts payable | 47/48 | €8,145 | €4,091 | -€4,055 | -49.8% |
| Non-recurring operating income | 76A | - | €4,952 | +€4,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,243 | €2,467 | -€6,777 | -73.3% |
| Other operating charges | 640/8 | €1,250 | €1,001 | -€250 | -20.0% |
| Non-recurring operating charges | 66A | - | €7,000 | +€7,000 | |
| Gross operating margin | 9900 | €33,361 | €5,925 | -€27,436 | -82.2% |
| Operating profit (loss) | 9901 | €22,867 | -€4,543 | -€27,410 | |
| Financial income | 75/76B | €297 | €11 | -€286 | -96.2% |
| Recurring financial income | 75 | €297 | €11 | -€286 | -96.2% |
| Financial charges | 65/66B | €2,009 | €1,866 | -€143 | -7.1% |
| Recurring financial charges | 65 | €2,009 | €1,866 | -€143 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €21,155 | -€6,398 | -€27,552 | |
| Income taxes | 67/77 | €3,024 | €143 | -€2,881 | -95.3% |
| Profit (loss) for the period | 9904 | €18,131 | -€6,541 | -€24,672 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,131 | -€6,541 | -€24,672 |
Next steps
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.