GKCORP: 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.
GKCORP
Largest movements
- Deferred charges and accrued income +€1.0m
up €1.0m (+932%), from €110,000 to €1.1m
- Tangible fixed assets -€960,871
down €960,871 (-31.1%), from €3.1m to €2.1m
of which Land and buildings: -€950,847
- Receivables within one year -€437,474
down €437,474 (-36.2%), from €1.2m to €770,667
of which Other amounts receivable: -€901,545
- Current portion of long-term debt +€604,316
up €604,316 (+382%), from €158,403 to €762,719
- Short-term financial debts -€550,000
no longer reported in 2025 (was €550,000)
- Reserves -€410,000
down €410,000 (-100%), from €410,000 to €0
of which Distributable reserves: -€410,000
- Gross operating margin +€211,637
up €211,637, from -€15,206 to €196,431
- Taxes +€16,643
up €16,643 (+12,801,923%), from €0 to €16,643
- Other operating charges -€14,675
down €14,675 (-71.7%), from €20,480 to €5,805
- Staff costs +€8,651
up €8,651 (+15.6%), from €55,478 to €64,129
- Financial charges -€6,579
down €6,579 (-9.9%), from €66,136 to €59,558
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 | €5,546,473 | €5,206,025 | -€340,447 | -6.1% |
| Fixed assets | 21/28 | €3,094,257 | €2,133,385 | -€960,871 | -31.1% |
| Tangible fixed assets | 22/27 | €3,094,257 | €2,133,385 | -€960,871 | -31.1% |
| Land and buildings | 22 | €2,854,661 | €1,903,814 | -€950,847 | -33.3% |
| Plant, machinery and equipment | 23 | €23,618 | €20,390 | -€3,227 | -13.7% |
| Furniture and vehicles | 24 | €29,463 | €22,666 | -€6,797 | -23.1% |
| Other tangible fixed assets | 26 | €186,515 | €186,515 | = | 0.0% |
| Current assets | 29/58 | €2,452,216 | €3,072,640 | +€620,424 | +25.3% |
| Stocks and contracts in progress | 3 | €1,123,803 | €1,123,803 | = | 0.0% |
| Stocks | 30/36 | €1,123,803 | €1,123,803 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,208,141 | €770,667 | -€437,474 | -36.2% |
| Trade receivables | 40 | €193,711 | €657,782 | +€464,071 | +240% |
| Other amounts receivable | 41 | €1,014,430 | €112,885 | -€901,545 | -88.9% |
| Cash at bank and in hand | 54/58 | €10,272 | €43,170 | +€32,898 | +320% |
| Deferred charges and accrued income | 490/1 | €110,000 | €1,135,000 | +€1.0m | +932% |
| Total equity and liabilities | 10/49 | €5,546,473 | €5,206,025 | -€340,447 | -6.1% |
| Equity | 10/15 | €337,920 | -€88,731 | -€426,651 | |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €410,000 | €0 | -€410,000 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Distributable reserves | 133 | €410,000 | €0 | -€410,000 | -100% |
| Profit (loss) carried forward | 14 | -€72,080 | -€88,731 | -€16,651 | -23.1% |
| Amounts payable | 17/49 | €5,208,553 | €5,294,756 | +€86,203 | +1.7% |
| Amounts payable after more than one year | 17 | €4,303,145 | €4,303,145 | = | 0.0% |
| Financial debts | 170/4 | €440,645 | €440,645 | = | 0.0% |
| Trade debts | 175 | €3,862,500 | €3,862,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €905,408 | €991,611 | +€86,203 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €158,403 | €762,719 | +€604,316 | +382% |
| Financial debts | 43 | €550,000 | - | -€550,000 | |
| Credit institutions | 430/8 | €550,000 | - | -€550,000 | |
| Trade debts | 44 | €178,683 | €181,419 | +€2,736 | +1.5% |
| Suppliers | 440/4 | €178,683 | €181,419 | +€2,736 | +1.5% |
| Taxes, remuneration and social security | 45 | €18,322 | €38,440 | +€20,118 | +110% |
| Taxes | 450/3 | €17,136 | €36,725 | +€19,589 | +114% |
| Remuneration and social security | 454/9 | €1,186 | €1,715 | +€528 | +44.5% |
| Other amounts payable | 47/48 | - | €9,034 | +€9,034 | |
| Non-recurring operating income | 76A | €18,487 | €128,728 | +€110,241 | +596% |
| Remuneration, social security and pensions | 62 | €55,478 | €64,129 | +€8,651 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,947 | €66,947 | = | 0.0% |
| Other operating charges | 640/8 | €20,480 | €5,805 | -€14,675 | -71.7% |
| Gross operating margin | 9900 | -€15,206 | €196,431 | +€211,637 | |
| Operating profit (loss) | 9901 | -€158,111 | €59,550 | +€217,661 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -91.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -91.2% |
| Financial charges | 65/66B | €66,136 | €59,558 | -€6,579 | -9.9% |
| Recurring financial charges | 65 | €66,136 | €59,558 | -€6,579 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€224,247 | -€8 | +€224,238 | +100.0% |
| Income taxes | 67/77 | €0 | €16,643 | +€16,643 | +12,801,923% |
| Profit (loss) for the period | 9904 | -€224,247 | -€16,651 | +€207,596 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€224,247 | -€16,651 | +€207,596 | +92.6% |
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 18 October 2026 via checked.be.