GKL GROUP: 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.
GKL GROUP
Largest movements
- Receivables within one year -€10,280
down €10,280 (-42.2%), from €24,366 to €14,086
of which Other amounts receivable: -€9,633
- Cash -€1,577
down €1,577 (-85.0%), from €1,855 to €279
mainly Net result for the year (-€18,522) and Tax, wage and social debts (-€2,802)
- Profit (loss) carried forward -€18,522
down €18,522 (-150%), from -€12,311 to -€30,833
- Other debts +€10,114
up €10,114 (+98.5%), from €10,268 to €20,382
- Tax, wage and social debts -€2,802
no longer reported in 2025 (was €2,802)
- Trade debts -€647
down €647 (-9.4%), from €6,862 to €6,215
- Other operating charges +€9,397
new in 2025: €9,397
- Taxes +€8,000
new in 2025: €8,000
- Purchases and services -€6,463
down €6,463 (-86.6%), from €7,463 to €1,000
- Depreciation -€3,102
no longer reported in 2025 (was €3,102)
- Gross operating margin -€2,087
down €2,087, from €1,087 to -€1,000
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 | €26,221 | €14,364 | -€11,857 | -45.2% |
| Current assets | 29/58 | €26,221 | €14,364 | -€11,857 | -45.2% |
| Amounts receivable within one year | 40/41 | €24,366 | €14,086 | -€10,280 | -42.2% |
| Trade receivables | 40 | €14,733 | €14,086 | -€647 | -4.4% |
| Other amounts receivable | 41 | €9,633 | - | -€9,633 | |
| Cash at bank and in hand | 54/58 | €1,855 | €279 | -€1,577 | -85.0% |
| Total equity and liabilities | 10/49 | €26,221 | €14,364 | -€11,857 | -45.2% |
| Equity | 10/15 | €6,289 | -€12,233 | -€18,522 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,311 | -€30,833 | -€18,522 | -150% |
| Amounts payable | 17/49 | €19,932 | €26,597 | +€6,665 | +33.4% |
| Amounts payable within one year | 42/48 | €19,932 | €26,597 | +€6,665 | +33.4% |
| Trade debts | 44 | €6,862 | €6,215 | -€647 | -9.4% |
| Suppliers | 440/4 | €6,862 | €6,215 | -€647 | -9.4% |
| Taxes, remuneration and social security | 45 | €2,802 | - | -€2,802 | |
| Taxes | 450/3 | €2,802 | - | -€2,802 | |
| Other amounts payable | 47/48 | €10,268 | €20,382 | +€10,114 | +98.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,463 | €1,000 | -€6,463 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,102 | - | -€3,102 | |
| Other operating charges | 640/8 | - | €9,397 | +€9,397 | |
| Non-recurring operating charges | 66A | €748 | - | -€748 | |
| Gross operating margin | 9900 | €1,087 | -€1,000 | -€2,087 | |
| Operating profit (loss) | 9901 | -€2,763 | -€10,397 | -€7,635 | -276% |
| Financial charges | 65/66B | €431 | €125 | -€307 | -71.1% |
| Recurring financial charges | 65 | €431 | €125 | -€307 | -71.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,194 | -€10,522 | -€7,328 | -229% |
| Income taxes | 67/77 | - | €8,000 | +€8,000 | |
| Profit (loss) for the period | 9904 | -€3,194 | -€18,522 | -€15,328 | -480% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,194 | -€18,522 | -€15,328 | -480% |
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 13 October 2026 via checked.be.