GERFLOR BATTICE: 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.
What changed
GERFLOR BATTICE
NACE 22.210, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€484,803
2024 · €1.0m-€544,527
Equity
€693,952
2024 · €209,149+€484,803
Cash
€1.5m
2024 · €326,760+€1.2m
Balance sheet total
€20.5m
2024 · €21.1m-€586,670
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-51.3%), from €2.7m to €1.3m
of which Trade receivables: -€1.4m
- Cash +€1.2m
up €1.2m (+356%), from €326,760 to €1.5m
mainly Depreciation (+€2.3m) and Receivables within one year (+€1.4m)
- Tangible fixed assets -€829,908
down €829,908 (-6.7%), from €12.3m to €11.5m
of which Leasing and similar rights: -€1.4m
- Stocks and contracts +€535,853
up €535,853 (+9.6%), from €5.6m to €6.1m
Equity and liabilities
- Debts after one year -€1.7m
down €1.7m (-31.5%), from €5.4m to €3.7m
- Other debts -€1.4m
down €1.4m (-49.5%), from €2.9m to €1.4m
- Short-term financial debts +€1.1m
up €1.1m (+15.5%), from €7.2m to €8.4m
- Trade debts +€777,047
up €777,047 (+24.6%), from €3.2m to €3.9m
- Profit (loss) carried forward +€484,803
up €484,803 (+36.7%), from -€1.3m to -€836,048
Income statement
- Goods and materials -€3.2m
down €3.2m (-16.9%), from €19.0m to €15.8m
of which Purchases: -€2.8m
- Turnover -€2.5m
down €2.5m (-8.3%), from €30.7m to €28.1m
- Staff costs +€1.0m
up €1.0m (+32.7%), from €3.1m to €4.1m
- Depreciation +€428,729
up €428,729 (+23.5%), from €1.8m to €2.3m
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.
Result 2024
€1.0m
Turnover
-€2.5m
Other operating income
-€62,252
Goods and materials
+€3.2m
Services and other goods
+€51,191
Staff costs
-€1.0m
Depreciation
-€428,729
Write-downs
+€169,575
Other operating charges
-€56
Other operating items
-€314,992
Financial income
+€157,383
Financial charges
+€218,930
Taxes
+€7,461
Result 2025
€484,803
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.1m
Investment
-€1.3m
Financing
-€579,247
Cash 2024
€326,760
From operations (derived)
+€3.1m
Net result for the year
+€484,803
Depreciation
+€2.3m
Stocks and contracts
-€535,853
Receivables within one year
+€1.4m
Deferred charges and accrued income
-€43,700
Trade debts
+€777,047
Tax, wage and social debts
+€98,735
Other debts
-€1.4m
Accrued charges and deferred income
+€51,105
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€579,247
Debts after one year
-€1.7m
Current portion of long-term debt
-€2,722
Short-term financial debts
+€1.1m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,109,007 | €20,522,337 | -€586,670 | -2.8% |
| Fixed assets | 21/28 | €12,420,362 | €11,497,120 | -€923,242 | -7.4% |
| Intangible fixed assets | 21 | €93,355 | €21 | -€93,333 | -100.0% |
| Tangible fixed assets | 22/27 | €12,327,007 | €11,497,099 | -€829,908 | -6.7% |
| Land and buildings | 22 | €9,358 | €8,373 | -€985 | -10.5% |
| Plant, machinery and equipment | 23 | €3,856,294 | €3,811,149 | -€45,146 | -1.2% |
| Furniture and vehicles | 24 | €26,765 | €39,534 | +€12,769 | +47.7% |
| Leasing and similar rights | 25 | €8,434,590 | €7,051,125 | -€1.4m | -16.4% |
| Assets under construction and advance payments | 27 | €0 | €586,918 | +€586,918 | |
| Current assets | 29/58 | €8,688,645 | €9,025,217 | +€336,572 | +3.9% |
| Stocks and contracts in progress | 3 | €5,556,495 | €6,092,348 | +€535,853 | +9.6% |
| Stocks | 30/36 | €5,556,495 | €6,092,348 | +€535,853 | +9.6% |
| Raw materials and consumables | 30/31 | €4,168,209 | €4,540,405 | +€372,196 | +8.9% |
| Work in progress | 32 | €438,783 | €1,147,697 | +€708,914 | +162% |
| Finished goods | 33 | €949,502 | €404,246 | -€545,256 | -57.4% |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,742,262 | €1,334,957 | -€1.4m | -51.3% |
| Trade receivables | 40 | €2,329,582 | €951,062 | -€1.4m | -59.2% |
| Other amounts receivable | 41 | €412,680 | €383,895 | -€28,785 | -7.0% |
| Cash at bank and in hand | 54/58 | €326,760 | €1,491,084 | +€1.2m | +356% |
| Deferred charges and accrued income | 490/1 | €63,128 | €106,828 | +€43,700 | +69.2% |
| Total equity and liabilities | 10/49 | €21,109,007 | €20,522,337 | -€586,670 | -2.8% |
| Equity | 10/15 | €209,149 | €693,952 | +€484,803 | +232% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,320,851 | -€836,048 | +€484,803 | +36.7% |
| Amounts payable | 17/49 | €20,899,858 | €19,828,385 | -€1.1m | -5.1% |
| Amounts payable after more than one year | 17 | €5,385,053 | €3,687,061 | -€1.7m | -31.5% |
| Financial debts | 170/4 | €5,385,053 | €3,687,061 | -€1.7m | -31.5% |
| Leasing and similar obligations | 172 | €5,385,053 | €3,687,061 | -€1.7m | -31.5% |
| Amounts payable within one year | 42/48 | €15,435,011 | €16,010,426 | +€575,415 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €1,700,583 | €1,697,861 | -€2,722 | -0.2% |
| Financial debts | 43 | €7,228,533 | €8,350,000 | +€1.1m | +15.5% |
| Credit institutions | 430/8 | €7,228,533 | €8,350,000 | +€1.1m | +15.5% |
| Trade debts | 44 | €3,153,701 | €3,930,748 | +€777,047 | +24.6% |
| Suppliers | 440/4 | €3,153,701 | €3,930,748 | +€777,047 | +24.6% |
| Taxes, remuneration and social security | 45 | €483,127 | €581,861 | +€98,735 | +20.4% |
| Taxes | 450/3 | €72,753 | €95,208 | +€22,455 | +30.9% |
| Remuneration and social security | 454/9 | €410,374 | €486,654 | +€76,280 | +18.6% |
| Other amounts payable | 47/48 | €2,869,067 | €1,449,956 | -€1.4m | -49.5% |
| Accrued charges and deferred income | 492/3 | €79,794 | €130,899 | +€51,105 | +64.0% |
| Operating income | 70/76A | €31,261,965 | €28,741,436 | -€2.5m | -8.1% |
| Turnover | 70 | €30,653,583 | €28,113,412 | -€2.5m | -8.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €153,890 | €163,659 | +€9,768 | +6.3% |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €454,492 | €392,240 | -€62,252 | -13.7% |
| Non-recurring operating income | 76A | €0 | €72,125 | +€72,125 | |
| Operating charges | 60/66A | €29,355,575 | €27,763,347 | -€1.6m | -5.4% |
| Goods for resale, raw materials and consumables | 60 | €19,036,331 | €15,823,630 | -€3.2m | -16.9% |
| Purchases | 600/8 | €19,028,698 | €16,195,825 | -€2.8m | -14.9% |
| Change in stocks: decrease (increase) | 609 | €7,634 | -€372,195 | -€379,829 | |
| Services and other goods | 61 | €4,895,016 | €4,843,825 | -€51,191 | -1.0% |
| Remuneration, social security and pensions | 62 | €3,109,165 | €4,124,735 | +€1.0m | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,827,367 | €2,256,096 | +€428,729 | +23.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €418,168 | €248,593 | -€169,575 | -40.6% |
| Other operating charges | 640/8 | €1,611 | €1,667 | +€56 | +3.5% |
| Non-recurring operating charges | 66A | €67,916 | €464,802 | +€396,886 | +584% |
| Operating profit (loss) | 9901 | €1,906,390 | €978,089 | -€928,301 | -48.7% |
| Financial income | 75/76B | €95,363 | €252,746 | +€157,383 | +165% |
| Recurring financial income | 75 | €95,363 | €252,746 | +€157,383 | +165% |
| Other financial income | 752/9 | €95,363 | €252,746 | +€157,383 | +165% |
| Financial charges | 65/66B | €961,956 | €743,025 | -€218,930 | -22.8% |
| Recurring financial charges | 65 | €961,956 | €743,025 | -€218,930 | -22.8% |
| Debt charges | 650 | €877,585 | €615,775 | -€261,810 | -29.8% |
| Other financial charges | 652/9 | €84,371 | €127,251 | +€42,880 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €1,039,797 | €487,809 | -€551,988 | -53.1% |
| Income taxes | 67/77 | €10,467 | €3,006 | -€7,461 | -71.3% |
| Taxes | 670/3 | €10,467 | €3,006 | -€7,461 | -71.3% |
| Profit (loss) for the period | 9904 | €1,029,330 | €484,803 | -€544,527 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,029,330 | €484,803 | -€544,527 | -52.9% |
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 22 October 2026 via checked.be.