GKB: 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.
GKB
Largest movements
- Cash +€18,675
up €18,675 (+295%), from €6,334 to €25,009
mainly Tax, wage and social debts (+€16,070) and Debts after one year (+€15,350)
- Tangible fixed assets +€11,166
up €11,166 (+67.9%), from €16,443 to €27,609
of which Plant, machinery and equipment: +€25,186
- Receivables within one year -€929
down €929 (-2.8%), from €33,111 to €32,182
of which Trade receivables: -€942
- Tax, wage and social debts +€16,070
up €16,070 (+647%), from €2,485 to €18,556
of which Remuneration and social security: +€13,606
- Debts after one year +€15,350
new in 2024: €15,350
- Trade debts -€6,383
down €6,383 (-34.1%), from €18,720 to €12,337
- Other debts +€3,311
up €3,311 (+12.9%), from €25,760 to €29,071
- Profit (loss) carried forward +€1,351
up €1,351 (+24.6%), from -€5,483 to -€4,132
- Gross operating margin -€19,463
down €19,463 (-54.2%), from €35,931 to €16,468
- Depreciation -€18,280
down €18,280 (-72.1%), from €25,364 to €7,084
- Other operating charges -€4,415
down €4,415 (-39.3%), from €11,241 to €6,826
- Financial charges +€652
up €652 (+117%), from €555 to €1,207
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 | €57,432 | €86,358 | +€28,926 | +50.4% |
| Fixed assets | 21/28 | €17,693 | €28,859 | +€11,166 | +63.1% |
| Tangible fixed assets | 22/27 | €16,443 | €27,609 | +€11,166 | +67.9% |
| Plant, machinery and equipment | 23 | €286 | €25,472 | +€25,186 | +8,794% |
| Furniture and vehicles | 24 | €16,156 | €2,137 | -€14,019 | -86.8% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €39,739 | €57,499 | +€17,760 | +44.7% |
| Amounts receivable within one year | 40/41 | €33,111 | €32,182 | -€929 | -2.8% |
| Trade receivables | 40 | €32,208 | €31,266 | -€942 | -2.9% |
| Other amounts receivable | 41 | €903 | €917 | +€14 | +1.5% |
| Cash at bank and in hand | 54/58 | €6,334 | €25,009 | +€18,675 | +295% |
| Deferred charges and accrued income | 490/1 | €294 | €308 | +€14 | +4.8% |
| Total equity and liabilities | 10/49 | €57,432 | €86,358 | +€28,926 | +50.4% |
| Equity | 10/15 | €717 | €2,068 | +€1,351 | +188% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,483 | -€4,132 | +€1,351 | +24.6% |
| Amounts payable | 17/49 | €56,715 | €84,290 | +€27,576 | +48.6% |
| Amounts payable after more than one year | 17 | - | €15,350 | +€15,350 | |
| Financial debts | 170/4 | - | €15,350 | +€15,350 | |
| Amounts payable within one year | 42/48 | €56,715 | €68,941 | +€12,226 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €9,749 | €8,977 | -€772 | -7.9% |
| Trade debts | 44 | €18,720 | €12,337 | -€6,383 | -34.1% |
| Suppliers | 440/4 | €18,720 | €12,337 | -€6,383 | -34.1% |
| Taxes, remuneration and social security | 45 | €2,485 | €18,556 | +€16,070 | +647% |
| Taxes | 450/3 | €1,214 | €3,679 | +€2,464 | +203% |
| Remuneration and social security | 454/9 | €1,271 | €14,877 | +€13,606 | +1,070% |
| Other amounts payable | 47/48 | €25,760 | €29,071 | +€3,311 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,364 | €7,084 | -€18,280 | -72.1% |
| Other operating charges | 640/8 | €11,241 | €6,826 | -€4,415 | -39.3% |
| Gross operating margin | 9900 | €35,931 | €16,468 | -€19,463 | -54.2% |
| Operating profit (loss) | 9901 | -€674 | €2,558 | +€3,232 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €555 | €1,207 | +€652 | +117% |
| Recurring financial charges | 65 | €555 | €1,207 | +€652 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€1,228 | €1,351 | +€2,579 | |
| Profit (loss) for the period | 9904 | -€1,228 | €1,351 | +€2,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,228 | €1,351 | +€2,579 |
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 16 October 2026 via checked.be.