GKR: 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.
GKR
Largest movements
- Cash +€53,481
up €53,481, from €0 to €53,481
mainly Debts after one year (+€49,114) and Other debts (+€48,846)
- Receivables within one year +€17,267
up €17,267 (+20.3%), from €85,111 to €102,378
of which Other amounts receivable: +€20,467
- Tangible fixed assets +€9,713
up €9,713 (+2.2%), from €433,599 to €443,312
of which Plant, machinery and equipment: +€20,972
- Debts after one year +€49,114
up €49,114 (+15.5%), from €316,895 to €366,009
- Other debts +€48,846
new in 2024: €48,846
- Tax, wage and social debts -€19,951
down €19,951 (-51.6%), from €38,681 to €18,730
of which Taxes: -€14,868
- Current portion of long-term debt +€12,566
up €12,566 (+37.4%), from €33,594 to €46,160
- Reserves -€10,298
down €10,298 (-9.7%), from €106,466 to €96,168
of which Distributable reserves: -€10,298
- Staff costs -€27,247
down €27,247 (-95.6%), from €28,513 to €1,266
- Taxes +€11,199
up €11,199 (+180%), from €6,225 to €17,425
- Financial charges -€9,185
down €9,185 (-48.0%), from €19,143 to €9,958
- Depreciation -€6,597
down €6,597 (-16.8%), from €39,345 to €32,749
- Other operating charges -€3,746
down €3,746 (-44.7%), from €8,386 to €4,640
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 | €527,781 | €605,806 | +€78,024 | +14.8% |
| Fixed assets | 21/28 | €435,739 | €445,463 | +€9,724 | +2.2% |
| Tangible fixed assets | 22/27 | €433,599 | €443,312 | +€9,713 | +2.2% |
| Land and buildings | 22 | €423,852 | €412,832 | -€11,021 | -2.6% |
| Plant, machinery and equipment | 23 | €5,697 | €26,669 | +€20,972 | +368% |
| Furniture and vehicles | 24 | €4,050 | €3,811 | -€239 | -5.9% |
| Financial fixed assets | 28 | €2,140 | €2,151 | +€11 | +0.5% |
| Current assets | 29/58 | €92,043 | €160,343 | +€68,301 | +74.2% |
| Amounts receivable within one year | 40/41 | €85,111 | €102,378 | +€17,267 | +20.3% |
| Trade receivables | 40 | €24,896 | €21,696 | -€3,200 | -12.9% |
| Other amounts receivable | 41 | €60,215 | €80,682 | +€20,467 | +34.0% |
| Cash at bank and in hand | 54/58 | €0 | €53,481 | +€53,481 | |
| Deferred charges and accrued income | 490/1 | €6,931 | €4,484 | -€2,447 | -35.3% |
| Total equity and liabilities | 10/49 | €527,781 | €605,806 | +€78,024 | +14.8% |
| Equity | 10/15 | €125,066 | €114,768 | -€10,298 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,466 | €96,168 | -€10,298 | -9.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €104,606 | €94,308 | -€10,298 | -9.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €402,715 | €491,038 | +€88,323 | +21.9% |
| Amounts payable after more than one year | 17 | €316,895 | €366,009 | +€49,114 | +15.5% |
| Financial debts | 170/4 | €316,895 | €366,009 | +€49,114 | +15.5% |
| Amounts payable within one year | 42/48 | €85,044 | €125,029 | +€39,984 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €33,594 | €46,160 | +€12,566 | +37.4% |
| Financial debts | 43 | €5,276 | €5,063 | -€212 | -4.0% |
| Credit institutions | 430/8 | €5,276 | €5,063 | -€212 | -4.0% |
| Trade debts | 44 | €7,493 | €6,229 | -€1,264 | -16.9% |
| Suppliers | 440/4 | €7,493 | €6,229 | -€1,264 | -16.9% |
| Taxes, remuneration and social security | 45 | €38,681 | €18,730 | -€19,951 | -51.6% |
| Taxes | 450/3 | €30,305 | €15,436 | -€14,868 | -49.1% |
| Remuneration and social security | 454/9 | €8,377 | €3,294 | -€5,083 | -60.7% |
| Other amounts payable | 47/48 | - | €48,846 | +€48,846 | |
| Accrued charges and deferred income | 492/3 | €775 | €0 | -€775 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,513 | €1,266 | -€27,247 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,345 | €32,749 | -€6,597 | -16.8% |
| Other operating charges | 640/8 | €8,386 | €4,640 | -€3,746 | -44.7% |
| Non-recurring operating charges | 66A | €1,060 | €0 | -€1,060 | -100% |
| Gross operating margin | 9900 | €104,320 | €103,778 | -€542 | -0.5% |
| Operating profit (loss) | 9901 | €27,015 | €65,123 | +€38,108 | +141% |
| Financial income | 75/76B | €3,314 | €4,203 | +€889 | +26.8% |
| Recurring financial income | 75 | €3,314 | €4,203 | +€889 | +26.8% |
| Financial charges | 65/66B | €19,143 | €9,958 | -€9,185 | -48.0% |
| Recurring financial charges | 65 | €19,143 | €9,958 | -€9,185 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €11,186 | €59,368 | +€48,183 | +431% |
| Income taxes | 67/77 | €6,225 | €17,425 | +€11,199 | +180% |
| Profit (loss) for the period | 9904 | €4,960 | €41,944 | +€36,983 | +746% |
| Profit (loss) for the period to be appropriated | 9905 | €4,960 | €41,944 | +€36,983 | +746% |
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.