GNTKS: 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.
GNTKS
Largest movements
- Cash +€18,781
up €18,781 (+52.4%), from €35,844 to €54,625
mainly Net result for the year (+€42,769) and Depreciation (+€10,512)
- Receivables within one year +€16,327
up €16,327 (+140%), from €11,651 to €27,978
of which Trade receivables: +€11,352
- Intangible fixed assets +€8,592
new in 2025: €8,592
- Tangible fixed assets -€7,189
down €7,189 (-20.4%), from €35,217 to €28,027
of which Furniture and vehicles: -€9,395
- Profit (loss) carried forward +€39,364
up €39,364 (+120%), from €32,932 to €72,296
- Debts after one year -€5,650
down €5,650 (-18.1%), from €31,234 to €25,584
- Trade debts +€4,520
up €4,520 (+183%), from €2,470 to €6,990
- Tax, wage and social debts -€3,378
down €3,378 (-67.0%), from €5,042 to €1,665
- Other debts +€1,200
up €1,200 (+171%), from €702 to €1,902
- Gross operating margin +€11,554
up €11,554 (+21.2%), from €54,564 to €66,118
- Taxes +€2,529
up €2,529 (+33.7%), from €7,495 to €10,025
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 | €82,711 | €119,222 | +€36,511 | +44.1% |
| Fixed assets | 21/28 | €35,217 | €36,619 | +€1,403 | +4.0% |
| Intangible fixed assets | 21 | - | €8,592 | +€8,592 | |
| Tangible fixed assets | 22/27 | €35,217 | €28,027 | -€7,189 | -20.4% |
| Plant, machinery and equipment | 23 | - | €2,206 | +€2,206 | |
| Furniture and vehicles | 24 | €35,217 | €25,821 | -€9,395 | -26.7% |
| Current assets | 29/58 | €47,494 | €82,603 | +€35,108 | +73.9% |
| Amounts receivable within one year | 40/41 | €11,651 | €27,978 | +€16,327 | +140% |
| Trade receivables | 40 | €9,146 | €20,498 | +€11,352 | +124% |
| Other amounts receivable | 41 | €2,505 | €7,480 | +€4,975 | +199% |
| Cash at bank and in hand | 54/58 | €35,844 | €54,625 | +€18,781 | +52.4% |
| Total equity and liabilities | 10/49 | €82,711 | €119,222 | +€36,511 | +44.1% |
| Equity | 10/15 | €37,932 | €77,296 | +€39,364 | +104% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,932 | €72,296 | +€39,364 | +120% |
| Amounts payable | 17/49 | €44,779 | €41,926 | -€2,853 | -6.4% |
| Amounts payable after more than one year | 17 | €31,234 | €25,584 | -€5,650 | -18.1% |
| Financial debts | 170/4 | €31,234 | €25,584 | -€5,650 | -18.1% |
| Amounts payable within one year | 42/48 | €13,545 | €16,207 | +€2,661 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €5,331 | €5,650 | +€319 | +6.0% |
| Trade debts | 44 | €2,470 | €6,990 | +€4,520 | +183% |
| Suppliers | 440/4 | €2,470 | €6,990 | +€4,520 | +183% |
| Taxes, remuneration and social security | 45 | €5,042 | €1,665 | -€3,378 | -67.0% |
| Taxes | 450/3 | €5,042 | €1,665 | -€3,378 | -67.0% |
| Other amounts payable | 47/48 | €702 | €1,902 | +€1,200 | +171% |
| Accrued charges and deferred income | 492/3 | - | €136 | +€136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,299 | €10,512 | +€213 | +2.1% |
| Other operating charges | 640/8 | €1,089 | €548 | -€540 | -49.6% |
| Gross operating margin | 9900 | €54,564 | €66,118 | +€11,554 | +21.2% |
| Operating profit (loss) | 9901 | €43,176 | €55,058 | +€11,882 | +27.5% |
| Financial income | 75/76B | €143 | €68 | -€75 | -52.4% |
| Recurring financial income | 75 | €143 | €68 | -€75 | -52.4% |
| Financial charges | 65/66B | €2,892 | €2,332 | -€560 | -19.4% |
| Recurring financial charges | 65 | €2,892 | €2,332 | -€560 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €40,427 | €52,794 | +€12,367 | +30.6% |
| Income taxes | 67/77 | €7,495 | €10,025 | +€2,529 | +33.7% |
| Profit (loss) for the period | 9904 | €32,932 | €42,769 | +€9,837 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,932 | €42,769 | +€9,837 | +29.9% |
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 16 October 2026 via checked.be.