GK YOUR PARTNER: 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 YOUR PARTNER
Largest movements
- Receivables within one year +€322,709
up €322,709 (+111%), from €291,492 to €614,201
of which Trade receivables: +€314,393
- Cash -€75,195
down €75,195 (-39.4%), from €190,964 to €115,770
mainly Receivables within one year (-€322,709) and Debts after one year (-€13,293)
- Tangible fixed assets -€16,205
down €16,205 (-35.3%), from €45,960 to €29,755
of which Furniture and vehicles: -€14,877
- Financial fixed assets +€10,000
up €10,000 (+239%), from €4,181 to €14,181
- Trade debts +€228,158
up €228,158 (+242%), from €94,090 to €322,248
- Profit (loss) carried forward +€42,774
up €42,774 (+12.0%), from €356,040 to €398,814
- Debts after one year -€13,293
no longer reported in 2025 (was €13,293)
- Tax, wage and social debts -€13,237
down €13,237 (-31.5%), from €42,004 to €28,767
of which Taxes: -€7,793
- Gross operating margin -€226,822
down €226,822 (-70.7%), from €320,867 to €94,045
- Taxes -€16,069
no longer reported in 2025 (was €16,069)
- Staff costs +€14,478
up €14,478 (+76.2%), from €18,997 to €33,475
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,312 | €774,622 | +€241,310 | +45.2% |
| Fixed assets | 21/28 | €50,141 | €43,936 | -€6,205 | -12.4% |
| Tangible fixed assets | 22/27 | €45,960 | €29,755 | -€16,205 | -35.3% |
| Plant, machinery and equipment | 23 | €2,264 | €937 | -€1,328 | -58.6% |
| Furniture and vehicles | 24 | €43,695 | €28,819 | -€14,877 | -34.0% |
| Financial fixed assets | 28 | €4,181 | €14,181 | +€10,000 | +239% |
| Current assets | 29/58 | €483,171 | €730,685 | +€247,515 | +51.2% |
| Amounts receivable within one year | 40/41 | €291,492 | €614,201 | +€322,709 | +111% |
| Trade receivables | 40 | €255,955 | €570,348 | +€314,393 | +123% |
| Other amounts receivable | 41 | €35,536 | €43,853 | +€8,317 | +23.4% |
| Cash at bank and in hand | 54/58 | €190,964 | €115,770 | -€75,195 | -39.4% |
| Deferred charges and accrued income | 490/1 | €715 | €715 | = | 0.0% |
| Total equity and liabilities | 10/49 | €533,312 | €774,622 | +€241,310 | +45.2% |
| Equity | 10/15 | €361,040 | €403,814 | +€42,774 | +11.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €356,040 | €398,814 | +€42,774 | +12.0% |
| Amounts payable | 17/49 | €172,272 | €370,808 | +€198,536 | +115% |
| Amounts payable after more than one year | 17 | €13,293 | - | -€13,293 | |
| Financial debts | 170/4 | €13,293 | - | -€13,293 | |
| Amounts payable within one year | 42/48 | €158,979 | €370,808 | +€211,829 | +133% |
| Current portion of amounts payable after more than one year | 42 | €15,385 | €13,293 | -€2,092 | -13.6% |
| Trade debts | 44 | €94,090 | €322,248 | +€228,158 | +242% |
| Suppliers | 440/4 | €94,090 | €322,248 | +€228,158 | +242% |
| Taxes, remuneration and social security | 45 | €42,004 | €28,767 | -€13,237 | -31.5% |
| Taxes | 450/3 | €31,703 | €23,911 | -€7,793 | -24.6% |
| Remuneration and social security | 454/9 | €10,301 | €4,856 | -€5,445 | -52.9% |
| Other amounts payable | 47/48 | €7,500 | €6,500 | -€1,000 | -13.3% |
| Remuneration, social security and pensions | 62 | €18,997 | €33,475 | +€14,478 | +76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,710 | €16,205 | -€1,505 | -8.5% |
| Other operating charges | 640/8 | €2,618 | €378 | -€2,240 | -85.6% |
| Gross operating margin | 9900 | €320,867 | €94,045 | -€226,822 | -70.7% |
| Operating profit (loss) | 9901 | €281,542 | €43,988 | -€237,555 | -84.4% |
| Financial charges | 65/66B | €1,983 | €1,214 | -€770 | -38.8% |
| Recurring financial charges | 65 | €1,983 | €1,214 | -€770 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €279,559 | €42,774 | -€236,785 | -84.7% |
| Income taxes | 67/77 | €16,069 | - | -€16,069 | |
| Profit (loss) for the period | 9904 | €263,490 | €42,774 | -€220,716 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €263,490 | €42,774 | -€220,716 | -83.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.