GAFLOR: what changed
Two fiscal 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.
GAFLOR
Largest movements
- Tangible fixed assets -€28,905
down €28,905 (-5.7%), from €506,604 to €477,700
of which Other tangible fixed assets: -€18,922
- Cash +€9,508
up €9,508 (+75.3%), from €12,626 to €22,134
mainly Depreciation (+€28,905) and Net result for the year (+€4,147)
- Debts after one year -€21,952
down €21,952 (-5.3%), from €417,592 to €395,640
- Gross operating margin +€3,352
up €3,352 (+9.0%), from €37,080 to €40,431
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.
Cash bridge derived
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 | €520,254 | €501,215 | -€19,038 | -3.7% |
| Fixed assets | 21/28 | €506,604 | €477,700 | -€28,905 | -5.7% |
| Tangible fixed assets | 22/27 | €506,604 | €477,700 | -€28,905 | -5.7% |
| Land and buildings | 22 | €361,119 | €351,316 | -€9,802 | -2.7% |
| Plant, machinery and equipment | 23 | €527 | €347 | -€180 | -34.1% |
| Other tangible fixed assets | 26 | €144,958 | €126,036 | -€18,922 | -13.1% |
| Current assets | 29/58 | €13,649 | €23,516 | +€9,866 | +72.3% |
| Amounts receivable within one year | 40/41 | - | €327 | +€327 | |
| Trade receivables | 40 | - | €327 | +€327 | |
| Cash at bank and in hand | 54/58 | €12,626 | €22,134 | +€9,508 | +75.3% |
| Deferred charges and accrued income | 490/1 | €1,023 | €1,055 | +€31 | +3.1% |
| Total equity and liabilities | 10/49 | €520,254 | €501,215 | -€19,038 | -3.7% |
| Equity | 10/15 | -€42,304 | -€38,158 | +€4,147 | +9.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,304 | -€48,158 | +€4,147 | +7.9% |
| Amounts payable | 17/49 | €562,558 | €539,373 | -€23,185 | -4.1% |
| Amounts payable after more than one year | 17 | €417,592 | €395,640 | -€21,952 | -5.3% |
| Financial debts | 170/4 | €417,592 | €395,640 | -€21,952 | -5.3% |
| Amounts payable within one year | 42/48 | €144,966 | €143,733 | -€1,233 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €21,666 | €21,952 | +€286 | +1.3% |
| Trade debts | 44 | €730 | - | -€730 | |
| Suppliers | 440/4 | €730 | - | -€730 | |
| Other amounts payable | 47/48 | €122,570 | €121,781 | -€789 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,957 | €28,905 | -€52 | -0.2% |
| Other operating charges | 640/8 | €1,495 | €1,537 | +€42 | +2.8% |
| Gross operating margin | 9900 | €37,080 | €40,431 | +€3,352 | +9.0% |
| Operating profit (loss) | 9901 | €6,628 | €9,990 | +€3,362 | +50.7% |
| Financial charges | 65/66B | €6,119 | €5,843 | -€276 | -4.5% |
| Recurring financial charges | 65 | €6,119 | €5,843 | -€276 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €509 | €4,147 | +€3,638 | +715.3% |
| Profit (loss) for the period | 9904 | €509 | €4,147 | +€3,638 | +715.3% |
| Profit (loss) for the period to be appropriated | 9905 | €509 | €4,147 | +€3,638 | +715.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.