GKT: 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.
GKT
Largest movements
- Receivables within one year +€16,991
up €16,991 (+18.4%), from €92,457 to €109,448
of which Trade receivables: +€18,500
- Other debts +€48,607
up €48,607 (+24.4%), from €199,515 to €248,122
- Current portion of long-term debt -€27,591
down €27,591 (-74.1%), from €37,241 to €9,650
- Debts after one year -€9,650
down €9,650 (-21.6%), from €44,721 to €35,072
- Gross operating margin -€9,215
down €9,215 (-28.1%), from €32,756 to €23,541
- Taxes -€2,666
down €2,666 (-90.5%), from €2,946 to €280
- Depreciation +€1,129
up €1,129 (+5.9%), from €19,129 to €20,258
- Financial charges -€603
down €603 (-30.7%), from €1,961 to €1,358
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 | €409,419 | €421,571 | +€12,152 | +3.0% |
| Fixed assets | 21/28 | €311,892 | €309,529 | -€2,363 | -0.8% |
| Tangible fixed assets | 22/27 | €311,542 | €309,179 | -€2,363 | -0.8% |
| Land and buildings | 22 | €299,275 | €288,017 | -€11,258 | -3.8% |
| Plant, machinery and equipment | 23 | €115 | €923 | +€808 | +702% |
| Furniture and vehicles | 24 | €12,153 | €20,239 | +€8,087 | +66.5% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €97,527 | €112,042 | +€14,515 | +14.9% |
| Amounts receivable within one year | 40/41 | €92,457 | €109,448 | +€16,991 | +18.4% |
| Trade receivables | 40 | €90,000 | €108,500 | +€18,500 | +20.6% |
| Other amounts receivable | 41 | €2,457 | €948 | -€1,509 | -61.4% |
| Cash at bank and in hand | 54/58 | €4,077 | €1,573 | -€2,504 | -61.4% |
| Deferred charges and accrued income | 490/1 | €993 | €1,021 | +€28 | +2.8% |
| Total equity and liabilities | 10/49 | €409,419 | €421,571 | +€12,152 | +3.0% |
| Equity | 10/15 | €121,849 | €122,583 | +€733 | +0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €71,849 | €72,583 | +€733 | +1.0% |
| Distributable reserves | 133 | €71,849 | €72,583 | +€733 | +1.0% |
| Amounts payable | 17/49 | €287,570 | €298,988 | +€11,418 | +4.0% |
| Amounts payable after more than one year | 17 | €44,721 | €35,072 | -€9,650 | -21.6% |
| Financial debts | 170/4 | €44,721 | €35,072 | -€9,650 | -21.6% |
| Amounts payable within one year | 42/48 | €242,849 | €263,917 | +€21,068 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €37,241 | €9,650 | -€27,591 | -74.1% |
| Trade debts | 44 | €951 | €2,918 | +€1,967 | +207% |
| Suppliers | 440/4 | €951 | €2,918 | +€1,967 | +207% |
| Taxes, remuneration and social security | 45 | €5,142 | €3,227 | -€1,915 | -37.2% |
| Taxes | 450/3 | €5,142 | €3,227 | -€1,915 | -37.2% |
| Other amounts payable | 47/48 | €199,515 | €248,122 | +€48,607 | +24.4% |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,129 | €20,258 | +€1,129 | +5.9% |
| Other operating charges | 640/8 | €890 | €912 | +€21 | +2.4% |
| Gross operating margin | 9900 | €32,756 | €23,541 | -€9,215 | -28.1% |
| Operating profit (loss) | 9901 | €12,737 | €2,372 | -€10,365 | -81.4% |
| Financial charges | 65/66B | €1,961 | €1,358 | -€603 | -30.7% |
| Recurring financial charges | 65 | €1,961 | €1,358 | -€603 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €10,776 | €1,014 | -€9,763 | -90.6% |
| Income taxes | 67/77 | €2,946 | €280 | -€2,666 | -90.5% |
| Profit (loss) for the period | 9904 | €7,830 | €733 | -€7,096 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,830 | €733 | -€7,096 | -90.6% |
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 27 October 2026 via checked.be.