GKconstruct: 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.
GKconstruct
Largest movements
- Receivables within one year -€1,872
down €1,872 (-15.9%), from €11,800 to €9,928
of which Trade receivables: -€3,925
- Deferred charges and accrued income +€457
up €457 (+36.3%), from €1,258 to €1,715
- Cash -€245
down €245 (-25.6%), from €956 to €711
mainly Net result for the year (-€25,664) and Other debts (-€1,124)
- Formation expenses -€166
down €166 (-24.5%), from €677 to €511
- Profit (loss) carried forward -€25,664
down €25,664 (-117.5%), from -€21,834 to -€47,498
- Tax, wage and social debts +€24,669
up €24,669 (+101.6%), from €24,277 to €48,946
of which Remuneration and social security: +€17,353
- Other debts -€1,124
no longer reported in 2025 (was €1,124)
- Trade debts +€293
up €293 (+4.4%), from €6,612 to €6,905
- Gross operating margin -€6,306
down €6,306 (-7.2%), from €88,105 to €81,799
- Staff costs -€2,683
down €2,683 (-2.4%), from €109,599 to €106,916
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.
Cash bridge derived
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 | €15,179 | €13,353 | -€1,827 | -12.0% |
| Formation expenses | 20 | €677 | €511 | -€166 | -24.5% |
| Fixed assets | 21/28 | €488 | €488 | = | 0.0% |
| Financial fixed assets | 28 | €488 | €488 | = | 0.0% |
| Current assets | 29/58 | €14,015 | €12,354 | -€1,661 | -11.8% |
| Amounts receivable within one year | 40/41 | €11,800 | €9,928 | -€1,872 | -15.9% |
| Trade receivables | 40 | €11,800 | €7,875 | -€3,925 | -33.3% |
| Other amounts receivable | 41 | - | €2,053 | +€2,053 | |
| Cash at bank and in hand | 54/58 | €956 | €711 | -€245 | -25.6% |
| Deferred charges and accrued income | 490/1 | €1,258 | €1,715 | +€457 | +36.3% |
| Total equity and liabilities | 10/49 | €15,179 | €13,353 | -€1,827 | -12.0% |
| Equity | 10/15 | -€16,834 | -€42,498 | -€25,664 | -152.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,834 | -€47,498 | -€25,664 | -117.5% |
| Amounts payable | 17/49 | €32,014 | €55,851 | +€23,838 | +74.5% |
| Amounts payable within one year | 42/48 | €32,014 | €55,851 | +€23,838 | +74.5% |
| Trade debts | 44 | €6,612 | €6,905 | +€293 | +4.4% |
| Suppliers | 440/4 | €6,612 | €6,905 | +€293 | +4.4% |
| Taxes, remuneration and social security | 45 | €24,277 | €48,946 | +€24,669 | +101.6% |
| Taxes | 450/3 | €3,153 | €10,469 | +€7,316 | +232.0% |
| Remuneration and social security | 454/9 | €21,124 | €38,477 | +€17,353 | +82.1% |
| Other amounts payable | 47/48 | €1,124 | - | -€1,124 | |
| Remuneration, social security and pensions | 62 | €109,599 | €106,916 | -€2,683 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153 | €166 | +€13 | +8.3% |
| Gross operating margin | 9900 | €88,105 | €81,799 | -€6,306 | -7.2% |
| Operating profit (loss) | 9901 | -€21,647 | -€25,283 | -€3,636 | -16.8% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €187 | €411 | +€224 | +119.4% |
| Recurring financial charges | 65 | €187 | €335 | +€148 | +78.8% |
| Non-recurring financial charges | 66B | - | €76 | +€76 | |
| Profit (loss) for the period before taxes | 9903 | -€21,834 | -€25,664 | -€3,830 | -17.5% |
| Profit (loss) for the period | 9904 | -€21,834 | -€25,664 | -€3,830 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,834 | -€25,664 | -€3,830 | -17.5% |
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 9 October 2026 via checked.be.