GKFC: what changed
Two fiscal 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.
GKFC
Largest movements
- Receivables within one year +€4,273
up €4,273 (+120.1%), from €3,558 to €7,831
of which Trade receivables: +€4,068
- Cash -€405
down €405 (-18.7%), from €2,167 to €1,762
mainly Receivables within one year (-€4,273) and Tax, wage and social debts (-€570)
- Deferred charges and accrued income +€124
new in 2025: €124
- Profit (loss) carried forward +€3,386
up €3,386 (+60.8%), from -€5,571 to -€2,186
- Trade debts +€1,175
up €1,175 (+369.9%), from €318 to €1,493
- Tax, wage and social debts -€570
down €570 (-9.5%), from €5,979 to €5,408
of which Taxes: -€4,322
- Staff costs -€17,910
down €17,910 (-30.4%), from €58,882 to €40,972
- Gross operating margin -€11,980
down €11,980 (-21.2%), from €56,427 to €44,447
- Other operating charges -€577
no longer reported in 2025 (was €577)
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 | €5,725 | €9,716 | +€3,991 | +69.7% |
| Current assets | 29/58 | €5,725 | €9,716 | +€3,991 | +69.7% |
| Amounts receivable within one year | 40/41 | €3,558 | €7,831 | +€4,273 | +120.1% |
| Trade receivables | 40 | €1,190 | €5,258 | +€4,068 | +341.9% |
| Other amounts receivable | 41 | €2,368 | €2,572 | +€204 | +8.6% |
| Cash at bank and in hand | 54/58 | €2,167 | €1,762 | -€405 | -18.7% |
| Deferred charges and accrued income | 490/1 | - | €124 | +€124 | |
| Total equity and liabilities | 10/49 | €5,725 | €9,716 | +€3,991 | +69.7% |
| Equity | 10/15 | -€571 | €2,814 | +€3,386 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,571 | -€2,186 | +€3,386 | +60.8% |
| Amounts payable | 17/49 | €6,296 | €6,902 | +€605 | +9.6% |
| Amounts payable within one year | 42/48 | €6,296 | €6,902 | +€605 | +9.6% |
| Trade debts | 44 | €318 | €1,493 | +€1,175 | +369.9% |
| Suppliers | 440/4 | €318 | €1,493 | +€1,175 | +369.9% |
| Taxes, remuneration and social security | 45 | €5,979 | €5,408 | -€570 | -9.5% |
| Taxes | 450/3 | €4,667 | €345 | -€4,322 | -92.6% |
| Remuneration and social security | 454/9 | €1,312 | €5,064 | +€3,752 | +285.9% |
| Remuneration, social security and pensions | 62 | €58,882 | €40,972 | -€17,910 | -30.4% |
| Other operating charges | 640/8 | €577 | - | -€577 | |
| Gross operating margin | 9900 | €56,427 | €44,447 | -€11,980 | -21.2% |
| Operating profit (loss) | 9901 | -€3,032 | €3,475 | +€6,507 | |
| Financial charges | 65/66B | €69 | €89 | +€21 | +30.2% |
| Recurring financial charges | 65 | €69 | €89 | +€21 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,100 | €3,386 | +€6,486 | |
| Profit (loss) for the period | 9904 | -€3,100 | €3,386 | +€6,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,100 | €3,386 | +€6,486 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.