GKservice: 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.
GKservice
Largest movements
- Cash +€154,332
up €154,332 (+55.4%), from €278,639 to €432,970
mainly Receivables within one year (+€75,715) and Net result for the year (+€55,420)
- Receivables within one year -€75,715
down €75,715 (-44.0%), from €172,055 to €96,341
of which Trade receivables: -€91,032
- Tangible fixed assets -€23,199
down €23,199 (-25.8%), from €89,770 to €66,571
of which Furniture and vehicles: -€26,007
- Deferred charges and accrued income +€17,145
up €17,145 (+2,463%), from €696 to €17,841
- Reserves +€56,537
up €56,537 (+9.9%), from €571,630 to €628,167
of which Distributable reserves: +€56,537
- Trade debts +€36,938
up €36,938 (+242%), from €15,265 to €52,203
- Debts after one year -€8,681
down €8,681 (-55.4%), from €15,681 to €7,000
of which Financial debts: -€8,681
- Staff costs +€34,035
up €34,035 (+59.3%), from €57,371 to €91,406
- Gross operating margin +€30,356
up €30,356 (+18.3%), from €166,152 to €196,508
- Write-downs -€6,499
down €6,499 (-100.0%), from -€6,501 to -€13,000
- Depreciation +€2,752
up €2,752 (+8.8%), from €31,206 to €33,957
- Other operating charges +€2,527
up €2,527 (+68.7%), from €3,677 to €6,203
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 | €756,553 | €825,854 | +€69,300 | +9.2% |
| Fixed assets | 21/28 | €89,770 | €66,571 | -€23,199 | -25.8% |
| Tangible fixed assets | 22/27 | €89,770 | €66,571 | -€23,199 | -25.8% |
| Land and buildings | 22 | €18,924 | €24,217 | +€5,294 | +28.0% |
| Plant, machinery and equipment | 23 | €6,777 | €4,684 | -€2,093 | -30.9% |
| Furniture and vehicles | 24 | €63,429 | €37,422 | -€26,007 | -41.0% |
| Other tangible fixed assets | 26 | €640 | €248 | -€392 | -61.3% |
| Current assets | 29/58 | €666,783 | €759,283 | +€92,500 | +13.9% |
| Stocks and contracts in progress | 3 | €215,393 | €212,130 | -€3,263 | -1.5% |
| Stocks | 30/36 | €215,393 | €212,130 | -€3,263 | -1.5% |
| Amounts receivable within one year | 40/41 | €172,055 | €96,341 | -€75,715 | -44.0% |
| Trade receivables | 40 | €158,911 | €67,879 | -€91,032 | -57.3% |
| Other amounts receivable | 41 | €13,144 | €28,462 | +€15,318 | +117% |
| Cash at bank and in hand | 54/58 | €278,639 | €432,970 | +€154,332 | +55.4% |
| Deferred charges and accrued income | 490/1 | €696 | €17,841 | +€17,145 | +2,463% |
| Total equity and liabilities | 10/49 | €756,553 | €825,854 | +€69,300 | +9.2% |
| Equity | 10/15 | €646,767 | €702,187 | +€55,420 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €571,630 | €628,167 | +€56,537 | +9.9% |
| Tax-exempt reserves | 132 | €130 | €130 | = | 0.0% |
| Distributable reserves | 133 | €571,500 | €628,037 | +€56,537 | +9.9% |
| Profit (loss) carried forward | 14 | €56,537 | €55,420 | -€1,117 | -2.0% |
| Amounts payable | 17/49 | €109,786 | €123,667 | +€13,881 | +12.6% |
| Amounts payable after more than one year | 17 | €15,681 | €7,000 | -€8,681 | -55.4% |
| Financial debts | 170/4 | €8,681 | €0 | -€8,681 | -100% |
| Other amounts payable | 178/9 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,105 | €116,667 | +€22,562 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €16,870 | €8,681 | -€8,189 | -48.5% |
| Financial debts | 43 | €17,723 | €17,666 | -€57 | -0.3% |
| Credit institutions | 430/8 | €17,723 | €17,666 | -€57 | -0.3% |
| Trade debts | 44 | €15,265 | €52,203 | +€36,938 | +242% |
| Suppliers | 440/4 | €15,265 | €52,203 | +€36,938 | +242% |
| Taxes, remuneration and social security | 45 | €14,452 | €8,321 | -€6,131 | -42.4% |
| Taxes | 450/3 | €9,142 | €0 | -€9,142 | -100% |
| Remuneration and social security | 454/9 | €5,309 | €8,321 | +€3,012 | +56.7% |
| Other amounts payable | 47/48 | €29,795 | €29,795 | = | 0.0% |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100% |
| Remuneration, social security and pensions | 62 | €57,371 | €91,406 | +€34,035 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,206 | €33,957 | +€2,752 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,501 | -€13,000 | -€6,499 | -100.0% |
| Other operating charges | 640/8 | €3,677 | €6,203 | +€2,527 | +68.7% |
| Gross operating margin | 9900 | €166,152 | €196,508 | +€30,356 | +18.3% |
| Operating profit (loss) | 9901 | €80,399 | €77,941 | -€2,458 | -3.1% |
| Financial income | 75/76B | €47 | €31 | -€16 | -33.5% |
| Recurring financial income | 75 | €47 | €31 | -€16 | -33.5% |
| Financial charges | 65/66B | €7,053 | €6,107 | -€946 | -13.4% |
| Recurring financial charges | 65 | €7,053 | €6,107 | -€946 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €73,393 | €71,865 | -€1,528 | -2.1% |
| Income taxes | 67/77 | €16,856 | €16,446 | -€410 | -2.4% |
| Profit (loss) for the period | 9904 | €56,537 | €55,420 | -€1,117 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,537 | €55,420 | -€1,117 | -2.0% |
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 14 October 2026 via checked.be.