GKSP: 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.
GKSP
Largest movements
- Cash +€180,136
up €180,136 (+185%), from €97,473 to €277,609
mainly Current investments (+€140,625) and Net result for the year (+€41,036)
- Current investments -€140,625
down €140,625 (-58.7%), from €239,412 to €98,787
- Deferred charges and accrued income +€10,040
up €10,040 (+93.4%), from €10,755 to €20,795
- Other debts +€36,208
up €36,208 (+1,463%), from €2,475 to €38,683
- Reserves +€6,481
up €6,481 (+2.0%), from €330,038 to €336,519
- Gross operating margin -€8,623
down €8,623 (-13.8%), from €62,393 to €53,770
- Financial income +€3,122
up €3,122 (+60.6%), from €5,154 to €8,276
- Taxes -€1,676
down €1,676 (-9.2%), from €18,305 to €16,629
- Other operating charges +€1,140
up €1,140 (+222%), from €513 to €1,653
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 | €364,979 | €413,782 | +€48,803 | +13.4% |
| Fixed assets | 21/28 | €4,804 | €3,078 | -€1,726 | -35.9% |
| Tangible fixed assets | 22/27 | €4,804 | €3,078 | -€1,726 | -35.9% |
| Land and buildings | 22 | €1,397 | €698 | -€699 | -50.0% |
| Plant, machinery and equipment | 23 | €864 | €544 | -€319 | -37.0% |
| Furniture and vehicles | 24 | €2,543 | €1,835 | -€708 | -27.8% |
| Current assets | 29/58 | €360,175 | €410,704 | +€50,529 | +14.0% |
| Amounts receivable within one year | 40/41 | €12,536 | €13,513 | +€977 | +7.8% |
| Trade receivables | 40 | €12,536 | €10,716 | -€1,819 | -14.5% |
| Other amounts receivable | 41 | - | €2,796 | +€2,796 | |
| Current investments | 50/53 | €239,412 | €98,787 | -€140,625 | -58.7% |
| Cash at bank and in hand | 54/58 | €97,473 | €277,609 | +€180,136 | +185% |
| Deferred charges and accrued income | 490/1 | €10,755 | €20,795 | +€10,040 | +93.4% |
| Total equity and liabilities | 10/49 | €364,979 | €413,782 | +€48,803 | +13.4% |
| Equity | 10/15 | €343,666 | €350,147 | +€6,481 | +1.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €330,038 | €336,519 | +€6,481 | +2.0% |
| Distributable reserves | 133 | €330,038 | €336,519 | +€6,481 | +2.0% |
| Profit (loss) carried forward | 14 | €10,628 | €10,628 | = | 0.0% |
| Amounts payable | 17/49 | €21,313 | €63,635 | +€42,322 | +199% |
| Amounts payable within one year | 42/48 | €21,082 | €61,094 | +€40,012 | +190% |
| Trade debts | 44 | €239 | €633 | +€395 | +165% |
| Suppliers | 440/4 | €239 | €633 | +€395 | +165% |
| Taxes, remuneration and social security | 45 | €18,369 | €21,778 | +€3,409 | +18.6% |
| Taxes | 450/3 | €18,369 | €21,778 | +€3,409 | +18.6% |
| Other amounts payable | 47/48 | €2,475 | €38,683 | +€36,208 | +1,463% |
| Accrued charges and deferred income | 492/3 | €231 | €2,541 | +€2,310 | +1,001% |
| Remuneration, social security and pensions | 62 | €320 | €0 | -€320 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,726 | €1,726 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €1,653 | +€1,140 | +222% |
| Gross operating margin | 9900 | €62,393 | €53,770 | -€8,623 | -13.8% |
| Operating profit (loss) | 9901 | €59,833 | €50,390 | -€9,443 | -15.8% |
| Financial income | 75/76B | €5,154 | €8,276 | +€3,122 | +60.6% |
| Recurring financial income | 75 | €5,154 | €8,276 | +€3,122 | +60.6% |
| Financial charges | 65/66B | €596 | €1,002 | +€406 | +68.1% |
| Recurring financial charges | 65 | €596 | €1,002 | +€406 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €64,391 | €57,665 | -€6,726 | -10.4% |
| Income taxes | 67/77 | €18,305 | €16,629 | -€1,676 | -9.2% |
| Profit (loss) for the period | 9904 | €46,086 | €41,036 | -€5,051 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,086 | €41,036 | -€5,051 | -11.0% |
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 21 October 2026 via checked.be.