GT Kitwerken: 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.
GT Kitwerken
Largest movements
- Receivables within one year +€31,233
up €31,233 (+45.6%), from €68,559 to €99,792
of which Trade receivables: +€18,038
- Receivables after one year +€29,715
new in 2025: €29,715
- Stocks and contracts +€8,017
up €8,017 (+65.5%), from €12,243 to €20,261
- Tangible fixed assets -€5,452
down €5,452 (-4.7%), from €115,654 to €110,201
of which Furniture and vehicles: -€30,490
- Current portion of long-term debt +€31,191
up €31,191 (+92.7%), from €33,652 to €64,842
- Trade debts +€23,088
up €23,088 (+50.9%), from €45,338 to €68,426
- Debts after one year +€7,552
up €7,552 (+11.3%), from €66,549 to €74,101
- Reserves +€6,465
up €6,465 (+21.3%), from €30,344 to €36,809
- Gross operating margin -€26,273
down €26,273 (-38.8%), from €67,753 to €41,480
- Staff costs -€14,439
down €14,439 (-98.8%), from €14,619 to €179
- Write-downs -€4,356
down €4,356, from €0 to -€4,356
- Depreciation -€3,029
down €3,029 (-10.7%), from €28,435 to €25,406
- Other operating charges +€1,241
up €1,241 (+57.8%), from €2,146 to €3,387
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,456 | €262,053 | +€65,597 | +33.4% |
| Fixed assets | 21/28 | €115,654 | €110,201 | -€5,452 | -4.7% |
| Tangible fixed assets | 22/27 | €115,654 | €110,201 | -€5,452 | -4.7% |
| Land and buildings | 22 | €47,870 | €46,082 | -€1,788 | -3.7% |
| Plant, machinery and equipment | 23 | €4,914 | €3,763 | -€1,151 | -23.4% |
| Furniture and vehicles | 24 | €30,490 | €0 | -€30,490 | -100% |
| Leasing and similar rights | 25 | €10,426 | €39,332 | +€28,906 | +277% |
| Other tangible fixed assets | 26 | €21,954 | €21,025 | -€930 | -4.2% |
| Current assets | 29/58 | €80,802 | €151,852 | +€71,049 | +87.9% |
| Amounts receivable after more than one year | 29 | - | €29,715 | +€29,715 | |
| Other amounts receivable | 291 | - | €29,715 | +€29,715 | |
| Stocks and contracts in progress | 3 | €12,243 | €20,261 | +€8,017 | +65.5% |
| Stocks | 30/36 | €12,243 | €20,261 | +€8,017 | +65.5% |
| Amounts receivable within one year | 40/41 | €68,559 | €99,792 | +€31,233 | +45.6% |
| Trade receivables | 40 | €48,324 | €66,362 | +€18,038 | +37.3% |
| Other amounts receivable | 41 | €20,235 | €33,430 | +€13,195 | +65.2% |
| Deferred charges and accrued income | 490/1 | - | €2,084 | +€2,084 | |
| Total equity and liabilities | 10/49 | €196,456 | €262,053 | +€65,597 | +33.4% |
| Equity | 10/15 | €42,744 | €49,209 | +€6,465 | +15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,344 | €36,809 | +€6,465 | +21.3% |
| Distributable reserves | 133 | €30,344 | €36,809 | +€6,465 | +21.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €153,712 | €212,844 | +€59,132 | +38.5% |
| Amounts payable after more than one year | 17 | €66,549 | €74,101 | +€7,552 | +11.3% |
| Financial debts | 170/4 | €66,549 | €74,101 | +€7,552 | +11.3% |
| Amounts payable within one year | 42/48 | €87,163 | €138,743 | +€51,580 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €33,652 | €64,842 | +€31,191 | +92.7% |
| Financial debts | 43 | €4,535 | €2,287 | -€2,248 | -49.6% |
| Credit institutions | 430/8 | €4,535 | €2,287 | -€2,248 | -49.6% |
| Trade debts | 44 | €45,338 | €68,426 | +€23,088 | +50.9% |
| Suppliers | 440/4 | €45,338 | €68,426 | +€23,088 | +50.9% |
| Taxes, remuneration and social security | 45 | €2,780 | €3,188 | +€408 | +14.7% |
| Taxes | 450/3 | €1,308 | €1,288 | -€20 | -1.5% |
| Remuneration and social security | 454/9 | €1,472 | €1,900 | +€428 | +29.1% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Non-recurring operating income | 76A | €0 | €11,652 | +€11,652 | |
| Remuneration, social security and pensions | 62 | €14,619 | €179 | -€14,439 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,435 | €25,406 | -€3,029 | -10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€4,356 | -€4,356 | |
| Other operating charges | 640/8 | €2,146 | €3,387 | +€1,241 | +57.8% |
| Non-recurring operating charges | 66A | - | €4,356 | +€4,356 | |
| Gross operating margin | 9900 | €67,753 | €41,480 | -€26,273 | -38.8% |
| Operating profit (loss) | 9901 | €22,553 | €12,508 | -€10,045 | -44.5% |
| Financial income | 75/76B | €261 | €1,330 | +€1,069 | +410% |
| Recurring financial income | 75 | €261 | €1,330 | +€1,069 | +410% |
| Financial charges | 65/66B | €7,067 | €6,277 | -€790 | -11.2% |
| Recurring financial charges | 65 | €7,067 | €6,277 | -€790 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €15,747 | €7,561 | -€8,186 | -52.0% |
| Income taxes | 67/77 | €1,020 | €1,096 | +€76 | +7.4% |
| Profit (loss) for the period | 9904 | €14,726 | €6,465 | -€8,262 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,726 | €6,465 | -€8,262 | -56.1% |
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 30 October 2026 via checked.be.