GK TIRES: 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 TIRES
Largest movements
- Stocks and contracts +€12,277
up €12,277 (+10.4%), from €118,461 to €130,738
- Tangible fixed assets -€1,998
no longer reported in 2024 (was €1,998)
- Profit (loss) carried forward -€20,980
down €20,980 (-57.1%), from -€36,772 to -€57,752
- Trade debts +€17,202
up €17,202 (+19.2%), from €89,542 to €106,744
of which Suppliers: +€17,351
- Other debts +€13,416
up €13,416 (+39.5%), from €33,926 to €47,341
- Gross operating margin -€18,400
down €18,400, from €13,465 to -€4,935
- Staff costs +€5,128
up €5,128 (+60.2%), from €8,518 to €13,646
- Other operating charges -€1,119
down €1,119 (-78.6%), from €1,423 to €304
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 | €126,341 | €136,729 | +€10,389 | +8.2% |
| Fixed assets | 21/28 | €7,178 | €5,180 | -€1,998 | -27.8% |
| Tangible fixed assets | 22/27 | €1,998 | - | -€1,998 | |
| Furniture and vehicles | 24 | €1,998 | - | -€1,998 | |
| Financial fixed assets | 28 | €5,180 | €5,180 | = | 0.0% |
| Current assets | 29/58 | €119,163 | €131,549 | +€12,387 | +10.4% |
| Stocks and contracts in progress | 3 | €118,461 | €130,738 | +€12,277 | +10.4% |
| Stocks | 30/36 | €118,461 | €130,738 | +€12,277 | +10.4% |
| Amounts receivable within one year | 40/41 | €702 | €5 | -€697 | -99.3% |
| Trade receivables | 40 | €202 | €5 | -€197 | -97.7% |
| Other amounts receivable | 41 | €500 | - | -€500 | |
| Cash at bank and in hand | 54/58 | - | €807 | +€807 | |
| Total equity and liabilities | 10/49 | €126,341 | €136,729 | +€10,389 | +8.2% |
| Equity | 10/15 | -€18,172 | -€39,152 | -€20,980 | -115% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,772 | -€57,752 | -€20,980 | -57.1% |
| Amounts payable | 17/49 | €144,512 | €175,881 | +€31,369 | +21.7% |
| Amounts payable within one year | 42/48 | €144,512 | €175,881 | +€31,369 | +21.7% |
| Financial debts | 43 | €607 | €607 | = | 0.0% |
| Credit institutions | 430/8 | €607 | €607 | = | 0.0% |
| Trade debts | 44 | €89,542 | €106,744 | +€17,202 | +19.2% |
| Suppliers | 440/4 | €89,393 | €106,744 | +€17,351 | +19.4% |
| Bills of exchange payable | 441 | €149 | - | -€149 | |
| Taxes, remuneration and social security | 45 | €20,437 | €21,188 | +€751 | +3.7% |
| Taxes | 450/3 | €4,089 | €757 | -€3,332 | -81.5% |
| Remuneration and social security | 454/9 | €16,348 | €20,431 | +€4,083 | +25.0% |
| Other amounts payable | 47/48 | €33,926 | €47,341 | +€13,416 | +39.5% |
| Remuneration, social security and pensions | 62 | €8,518 | €13,646 | +€5,128 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,997 | €1,998 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,423 | €304 | -€1,119 | -78.6% |
| Gross operating margin | 9900 | €13,465 | -€4,935 | -€18,400 | |
| Operating profit (loss) | 9901 | €1,527 | -€20,883 | -€22,409 | |
| Financial charges | 65/66B | €113 | €97 | -€16 | -14.1% |
| Recurring financial charges | 65 | €113 | €97 | -€16 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €1,414 | -€20,980 | -€22,393 | |
| Profit (loss) for the period | 9904 | €1,414 | -€20,980 | -€22,393 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,414 | -€20,980 | -€22,393 |
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 20 October 2026 via checked.be.