GK2M: 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.
GK2M
Largest movements
- Receivables within one year +€13,887
up €13,887 (+371%), from €3,745 to €17,632
of which Trade receivables: +€14,923
- Cash -€13,352
down €13,352 (-73.2%), from €18,233 to €4,882
mainly Receivables within one year (-€13,887) and Trade debts (-€7,196)
- Tangible fixed assets +€493
up €493 (+9.0%), from €5,488 to €5,981
of which Furniture and vehicles: +€647
- Tax, wage and social debts +€8,846
up €8,846 (+290%), from €3,052 to €11,898
of which Remuneration and social security: +€7,836
- Trade debts -€7,196
down €7,196 (-99.8%), from €7,210 to €14
- Profit (loss) carried forward -€558
down €558 (-2.7%), from €20,644 to €20,086
- Gross operating margin -€11,931
down €11,931 (-99.8%), from €11,950 to €19
- Financial income -€7,779
down €7,779 (-85.7%), from €9,075 to €1,296
- Financial charges +€707
up €707 (+543%), from €130 to €837
- Depreciation +€332
up €332 (+138%), from €241 to €573
- Other operating charges +€132
new in 2025: €132
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 | €30,970 | €31,998 | +€1,028 | +3.3% |
| Fixed assets | 21/28 | €5,488 | €5,981 | +€493 | +9.0% |
| Tangible fixed assets | 22/27 | €5,488 | €5,981 | +€493 | +9.0% |
| Plant, machinery and equipment | 23 | €1,463 | €1,309 | -€154 | -10.5% |
| Furniture and vehicles | 24 | €4,025 | €4,672 | +€647 | +16.1% |
| Current assets | 29/58 | €25,481 | €26,017 | +€535 | +2.1% |
| Stocks and contracts in progress | 3 | €3,503 | €3,503 | = | 0.0% |
| Stocks | 30/36 | €3,503 | €3,503 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,745 | €17,632 | +€13,887 | +371% |
| Trade receivables | 40 | - | €14,923 | +€14,923 | |
| Other amounts receivable | 41 | €3,745 | €2,709 | -€1,037 | -27.7% |
| Cash at bank and in hand | 54/58 | €18,233 | €4,882 | -€13,352 | -73.2% |
| Total equity and liabilities | 10/49 | €30,970 | €31,998 | +€1,028 | +3.3% |
| Equity | 10/15 | €20,644 | €20,086 | -€558 | -2.7% |
| Profit (loss) carried forward | 14 | €20,644 | €20,086 | -€558 | -2.7% |
| Amounts payable | 17/49 | €10,326 | €11,912 | +€1,586 | +15.4% |
| Amounts payable within one year | 42/48 | €10,262 | €11,912 | +€1,651 | +16.1% |
| Trade debts | 44 | €7,210 | €14 | -€7,196 | -99.8% |
| Suppliers | 440/4 | €7,210 | €14 | -€7,196 | -99.8% |
| Taxes, remuneration and social security | 45 | €3,052 | €11,898 | +€8,846 | +290% |
| Taxes | 450/3 | €3,052 | €4,061 | +€1,010 | +33.1% |
| Remuneration and social security | 454/9 | - | €7,836 | +€7,836 | |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Remuneration, social security and pensions | 62 | €10 | €43 | +€33 | +317% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241 | €573 | +€332 | +138% |
| Other operating charges | 640/8 | - | €132 | +€132 | |
| Non-recurring operating charges | 66A | €0 | €288 | +€288 | +2,884,600% |
| Gross operating margin | 9900 | €11,950 | €19 | -€11,931 | -99.8% |
| Operating profit (loss) | 9901 | €11,699 | -€1,017 | -€12,716 | |
| Financial income | 75/76B | €9,075 | €1,296 | -€7,779 | -85.7% |
| Recurring financial income | 75 | €9,075 | €1,296 | -€7,779 | -85.7% |
| Financial charges | 65/66B | €130 | €837 | +€707 | +543% |
| Recurring financial charges | 65 | €130 | €837 | +€707 | +543% |
| Profit (loss) for the period before taxes | 9903 | €20,644 | -€558 | -€21,202 | |
| Profit (loss) for the period | 9904 | €20,644 | -€558 | -€21,202 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,644 | -€558 | -€21,202 |
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 15 October 2026 via checked.be.