GKS: 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.
GKS
Largest movements
- Receivables within one year +€29,041
up €29,041 (+30.4%), from €95,553 to €124,594
of which Other amounts receivable: +€30,864
- Stocks and contracts +€13,721
up €13,721 (+27.5%), from €49,850 to €63,571
- Tangible fixed assets -€9,992
down €9,992 (-3.7%), from €270,684 to €260,692
of which Land and buildings: -€8,670
- Current investments -€7,721
no longer reported in 2025 (was €7,721)
- Other debts +€25,206
up €25,206 (+17.4%), from €145,045 to €170,251
- Debts after one year -€20,090
down €20,090 (-14.0%), from €143,610 to €123,520
- Trade debts +€9,385
new in 2025: €9,385
- Profit (loss) carried forward +€8,879
up €8,879 (+15.1%), from €58,871 to €67,750
- Gross operating margin +€8,542
up €8,542 (+31.8%), from €26,896 to €35,438
- Taxes +€2,865
up €2,865 (+195.5%), from €1,465 to €4,330
- Other operating charges +€2,575
up €2,575 (+70.2%), from €3,670 to €6,245
- Financial charges -€1,811
down €1,811 (-22.3%), from €8,121 to €6,310
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 | €438,970 | €463,229 | +€24,258 | +5.5% |
| Fixed assets | 21/28 | €276,332 | €266,339 | -€9,992 | -3.6% |
| Tangible fixed assets | 22/27 | €270,684 | €260,692 | -€9,992 | -3.7% |
| Land and buildings | 22 | €267,681 | €259,011 | -€8,670 | -3.2% |
| Plant, machinery and equipment | 23 | €278 | €0 | -€278 | -100.0% |
| Furniture and vehicles | 24 | €2,724 | €1,680 | -€1,044 | -38.3% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €5,648 | €5,648 | = | 0.0% |
| Current assets | 29/58 | €162,639 | €196,889 | +€34,251 | +21.1% |
| Stocks and contracts in progress | 3 | €49,850 | €63,571 | +€13,721 | +27.5% |
| Stocks | 30/36 | €49,850 | €63,571 | +€13,721 | +27.5% |
| Amounts receivable within one year | 40/41 | €95,553 | €124,594 | +€29,041 | +30.4% |
| Trade receivables | 40 | €1,824 | - | -€1,824 | |
| Other amounts receivable | 41 | €93,730 | €124,594 | +€30,864 | +32.9% |
| Current investments | 50/53 | €7,721 | - | -€7,721 | |
| Cash at bank and in hand | 54/58 | €9,515 | €8,725 | -€790 | -8.3% |
| Total equity and liabilities | 10/49 | €438,970 | €463,229 | +€24,258 | +5.5% |
| Equity | 10/15 | €124,931 | €133,810 | +€8,879 | +7.1% |
| Contributions | 10/11 | €64,200 | €64,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €58,871 | €67,750 | +€8,879 | +15.1% |
| Amounts payable | 17/49 | €314,039 | €329,419 | +€15,379 | +4.9% |
| Amounts payable after more than one year | 17 | €143,610 | €123,520 | -€20,090 | -14.0% |
| Financial debts | 170/4 | €143,610 | €123,520 | -€20,090 | -14.0% |
| Amounts payable within one year | 42/48 | €170,429 | €205,899 | +€35,469 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €19,421 | €20,090 | +€669 | +3.4% |
| Trade debts | 44 | - | €9,385 | +€9,385 | |
| Suppliers | 440/4 | - | €9,385 | +€9,385 | |
| Taxes, remuneration and social security | 45 | €5,964 | €6,173 | +€208 | +3.5% |
| Taxes | 450/3 | €5,964 | €6,173 | +€208 | +3.5% |
| Other amounts payable | 47/48 | €145,045 | €170,251 | +€25,206 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,753 | €9,992 | +€239 | +2.5% |
| Other operating charges | 640/8 | €3,670 | €6,245 | +€2,575 | +70.2% |
| Gross operating margin | 9900 | €26,896 | €35,438 | +€8,542 | +31.8% |
| Operating profit (loss) | 9901 | €13,473 | €19,201 | +€5,727 | +42.5% |
| Financial income | 75/76B | €25 | €318 | +€293 | +1193.5% |
| Recurring financial income | 75 | €25 | €318 | +€293 | +1193.5% |
| Financial charges | 65/66B | €8,121 | €6,310 | -€1,811 | -22.3% |
| Recurring financial charges | 65 | €8,121 | €6,310 | -€1,811 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €5,377 | €13,209 | +€7,831 | +145.6% |
| Income taxes | 67/77 | €1,465 | €4,330 | +€2,865 | +195.5% |
| Profit (loss) for the period | 9904 | €3,912 | €8,879 | +€4,967 | +127.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,912 | €8,879 | +€4,967 | +127.0% |
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 7 October 2026 via checked.be.