GOK'S: 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.
GOK'S
Largest movements
- Tangible fixed assets +€105,477
up €105,477 (+307%), from €34,405 to €139,882
of which Furniture and vehicles: +€106,731
- Cash -€14,596
down €14,596 (-22.0%), from €66,309 to €51,714
mainly Investment in fixed assets (net) (-€131,140) and Net result for the year (-€12,394)
- Receivables within one year -€13,398
down €13,398 (-49.2%), from €27,211 to €13,813
of which Trade receivables: -€12,705
- Debts after one year +€67,559
up €67,559 (+884%), from €7,644 to €75,203
- Current portion of long-term debt +€18,605
up €18,605 (+510%), from €3,647 to €22,252
- Profit (loss) carried forward -€12,394
down €12,394 (-167%), from -€7,420 to -€19,814
- Trade debts +€9,760
up €9,760 (+65.3%), from €14,943 to €24,703
- Other debts -€4,396
down €4,396 (-36.3%), from €12,116 to €7,720
- Depreciation +€15,837
up €15,837 (+161%), from €9,825 to €25,662
- Gross operating margin +€11,506
up €11,506 (+11.8%), from €97,225 to €108,731
- Staff costs -€5,363
down €5,363 (-5.9%), from €90,521 to €85,157
- Financial charges +€3,198
up €3,198 (+135%), from €2,373 to €5,572
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 | €137,046 | €216,846 | +€79,800 | +58.2% |
| Fixed assets | 21/28 | €34,541 | €140,018 | +€105,477 | +305% |
| Tangible fixed assets | 22/27 | €34,405 | €139,882 | +€105,477 | +307% |
| Plant, machinery and equipment | 23 | €1,806 | €3,015 | +€1,208 | +66.9% |
| Furniture and vehicles | 24 | €19,589 | €126,320 | +€106,731 | +545% |
| Other tangible fixed assets | 26 | €13,010 | €10,547 | -€2,462 | -18.9% |
| Financial fixed assets | 28 | €136 | €136 | = | 0.0% |
| Current assets | 29/58 | €102,505 | €76,828 | -€25,677 | -25.0% |
| Stocks and contracts in progress | 3 | €4,419 | €5,650 | +€1,230 | +27.8% |
| Stocks | 30/36 | €4,419 | €5,650 | +€1,230 | +27.8% |
| Amounts receivable within one year | 40/41 | €27,211 | €13,813 | -€13,398 | -49.2% |
| Trade receivables | 40 | €18,966 | €6,261 | -€12,705 | -67.0% |
| Other amounts receivable | 41 | €8,245 | €7,553 | -€692 | -8.4% |
| Cash at bank and in hand | 54/58 | €66,309 | €51,714 | -€14,596 | -22.0% |
| Deferred charges and accrued income | 490/1 | €4,566 | €5,651 | +€1,086 | +23.8% |
| Total equity and liabilities | 10/49 | €137,046 | €216,846 | +€79,800 | +58.2% |
| Equity | 10/15 | €77,535 | €65,140 | -€12,394 | -16.0% |
| Contributions | 10/11 | €6,333 | €6,333 | = | 0.0% |
| Reserves | 13 | €78,621 | €78,621 | = | 0.0% |
| Distributable reserves | 133 | €78,621 | €78,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,420 | -€19,814 | -€12,394 | -167% |
| Amounts payable | 17/49 | €59,511 | €151,706 | +€92,195 | +155% |
| Amounts payable after more than one year | 17 | €7,644 | €75,203 | +€67,559 | +884% |
| Financial debts | 170/4 | €7,644 | €75,203 | +€67,559 | +884% |
| Amounts payable within one year | 42/48 | €51,867 | €76,503 | +€24,635 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €3,647 | €22,252 | +€18,605 | +510% |
| Trade debts | 44 | €14,943 | €24,703 | +€9,760 | +65.3% |
| Suppliers | 440/4 | €14,943 | €24,703 | +€9,760 | +65.3% |
| Taxes, remuneration and social security | 45 | €21,161 | €21,828 | +€666 | +3.1% |
| Taxes | 450/3 | €7,503 | €9,050 | +€1,547 | +20.6% |
| Remuneration and social security | 454/9 | €13,658 | €12,777 | -€881 | -6.5% |
| Other amounts payable | 47/48 | €12,116 | €7,720 | -€4,396 | -36.3% |
| Non-recurring operating income | 76A | €5,785 | - | -€5,785 | |
| Remuneration, social security and pensions | 62 | €90,521 | €85,157 | -€5,363 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,825 | €25,662 | +€15,837 | +161% |
| Other operating charges | 640/8 | €3,939 | €4,580 | +€641 | +16.3% |
| Gross operating margin | 9900 | €97,225 | €108,731 | +€11,506 | +11.8% |
| Operating profit (loss) | 9901 | -€7,060 | -€6,669 | +€391 | +5.5% |
| Financial income | 75/76B | €158 | €4 | -€154 | -97.8% |
| Recurring financial income | 75 | €158 | €4 | -€154 | -97.8% |
| Financial charges | 65/66B | €2,373 | €5,572 | +€3,198 | +135% |
| Recurring financial charges | 65 | €2,373 | €5,572 | +€3,198 | +135% |
| Profit (loss) for the period before taxes | 9903 | -€9,275 | -€12,237 | -€2,962 | -31.9% |
| Income taxes | 67/77 | €45 | €157 | +€112 | +251% |
| Profit (loss) for the period | 9904 | -€9,320 | -€12,394 | -€3,075 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,320 | -€12,394 | -€3,075 | -33.0% |
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 27 October 2026 via checked.be.