GKA & PARTNERS: 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.
GKA & PARTNERS
Largest movements
- Receivables within one year -€141,987
down €141,987 (-43.1%), from €329,575 to €187,588
of which Trade receivables: -€140,676
- Tangible fixed assets -€42,791
down €42,791 (-41.3%), from €103,707 to €60,917
of which Furniture and vehicles: -€37,009
- Cash -€17,450
down €17,450 (-99.1%), from €17,601 to €151
mainly Trade debts (-€186,574) and Tax, wage and social debts (-€18,628)
- Deferred charges and accrued income +€12,404
up €12,404 (+974%), from €1,273 to €13,678
- Trade debts -€186,574
down €186,574 (-80.8%), from €230,965 to €44,391
- Tax, wage and social debts -€18,628
down €18,628 (-57.5%), from €32,371 to €13,743
- Profit (loss) carried forward +€14,387
up €14,387 (+29.3%), from €49,113 to €63,500
- Short-term financial debts +€7,595
new in 2025: €7,595
- Debts after one year -€7,281
down €7,281 (-42.9%), from €16,983 to €9,702
- Gross operating margin -€10,603
down €10,603 (-21.5%), from €49,385 to €38,782
- Taxes +€10,191
up €10,191 (+1,145,109%), from €1 to €10,192
- Depreciation -€7,846
down €7,846 (-49.8%), from €15,768 to €7,922
- Staff costs -€4,992
down €4,992 (-91.1%), from €5,482 to €490
- Financial charges -€4,105
down €4,105 (-57.7%), from €7,119 to €3,015
of which Non-recurring financial charges: -€3,100
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 | €460,502 | €270,654 | -€189,848 | -41.2% |
| Fixed assets | 21/28 | €103,707 | €60,917 | -€42,791 | -41.3% |
| Tangible fixed assets | 22/27 | €103,707 | €60,917 | -€42,791 | -41.3% |
| Plant, machinery and equipment | 23 | €1,344 | €938 | -€406 | -30.2% |
| Furniture and vehicles | 24 | €48,137 | €11,129 | -€37,009 | -76.9% |
| Other tangible fixed assets | 26 | €54,226 | €48,850 | -€5,376 | -9.9% |
| Current assets | 29/58 | €356,795 | €209,738 | -€147,058 | -41.2% |
| Stocks and contracts in progress | 3 | €8,346 | €8,321 | -€25 | -0.3% |
| Stocks | 30/36 | €8,346 | €8,321 | -€25 | -0.3% |
| Amounts receivable within one year | 40/41 | €329,575 | €187,588 | -€141,987 | -43.1% |
| Trade receivables | 40 | €290,900 | €150,224 | -€140,676 | -48.4% |
| Other amounts receivable | 41 | €38,675 | €37,364 | -€1,312 | -3.4% |
| Cash at bank and in hand | 54/58 | €17,601 | €151 | -€17,450 | -99.1% |
| Deferred charges and accrued income | 490/1 | €1,273 | €13,678 | +€12,404 | +974% |
| Total equity and liabilities | 10/49 | €460,502 | €270,654 | -€189,848 | -41.2% |
| Equity | 10/15 | €55,313 | €69,700 | +€14,387 | +26.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,113 | €63,500 | +€14,387 | +29.3% |
| Amounts payable | 17/49 | €405,189 | €200,954 | -€204,235 | -50.4% |
| Amounts payable after more than one year | 17 | €16,983 | €9,702 | -€7,281 | -42.9% |
| Financial debts | 170/4 | €16,983 | €9,702 | -€7,281 | -42.9% |
| Amounts payable within one year | 42/48 | €353,571 | €161,144 | -€192,427 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €6,879 | €7,281 | +€402 | +5.8% |
| Financial debts | 43 | - | €7,595 | +€7,595 | |
| Credit institutions | 430/8 | - | €7,595 | +€7,595 | |
| Trade debts | 44 | €230,965 | €44,391 | -€186,574 | -80.8% |
| Suppliers | 440/4 | €230,965 | €44,391 | -€186,574 | -80.8% |
| Taxes, remuneration and social security | 45 | €32,371 | €13,743 | -€18,628 | -57.5% |
| Taxes | 450/3 | €32,371 | €13,743 | -€18,628 | -57.5% |
| Other amounts payable | 47/48 | €83,356 | €88,134 | +€4,778 | +5.7% |
| Accrued charges and deferred income | 492/3 | €34,635 | €30,107 | -€4,528 | -13.1% |
| Remuneration, social security and pensions | 62 | €5,482 | €490 | -€4,992 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,768 | €7,922 | -€7,846 | -49.8% |
| Other operating charges | 640/8 | €3,817 | €826 | -€2,991 | -78.4% |
| Non-recurring operating charges | 66A | - | €1,973 | +€1,973 | |
| Gross operating margin | 9900 | €49,385 | €38,782 | -€10,603 | -21.5% |
| Operating profit (loss) | 9901 | €24,317 | €27,571 | +€3,253 | +13.4% |
| Financial income | 75/76B | €948 | €23 | -€924 | -97.5% |
| Recurring financial income | 75 | €948 | €23 | -€924 | -97.5% |
| Financial charges | 65/66B | €7,119 | €3,015 | -€4,105 | -57.7% |
| Recurring financial charges | 65 | €4,019 | €3,015 | -€1,005 | -25.0% |
| Non-recurring financial charges | 66B | €3,100 | - | -€3,100 | |
| Profit (loss) for the period before taxes | 9903 | €18,146 | €24,579 | +€6,434 | +35.5% |
| Income taxes | 67/77 | €1 | €10,192 | +€10,191 | +1,145,109% |
| Profit (loss) for the period | 9904 | €18,145 | €14,387 | -€3,758 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,145 | €14,387 | -€3,758 | -20.7% |
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 28 October 2026 via checked.be.