GF Total Flooring: what changed
What changed
GF Total Flooring
NACE 43.333, Wallpapering and laying of floor and wall coverings in other materials
filed annual accounts (NBB)
Net result for the year
-€2,392
2024 · €2,195-€4,586
Equity
€129,057
2024 · €131,448-€2,392
Cash
€51,502
2024 · €52,751-€1,248
Balance sheet total
€352,758
2024 · €397,909-€45,151
Largest movements
Assets
- Receivables within one year -€27,714
down €27,714 (-13.3%), from €208,710 to €180,996
of which Trade receivables: -€38,653
- Tangible fixed assets -€14,874
down €14,874 (-24.3%), from €61,161 to €46,286
of which Leasing and similar rights: -€14,821
- Deferred charges and accrued income -€8,434
down €8,434 (-37.7%), from €22,392 to €13,958
- Stocks and contracts +€5,161
up €5,161 (+24.8%), from €20,796 to €25,957
of which Contracts in progress: +€10,825
Equity and liabilities
- Accrued charges and deferred income -€40,498
down €40,498 (-66.5%), from €60,880 to €20,382
- Advances received +€10,896
up €10,896 (+140%), from €7,796 to €18,691
- Trade debts -€7,208
down €7,208 (-4.9%), from €147,324 to €140,116
- Debts after one year -€6,338
down €6,338 (-22.7%), from €27,887 to €21,549
- Other debts +€4,498
up €4,498 (+10,502%), from €43 to €4,541
Income statement
- Staff costs +€30,528
up €30,528 (+25.9%), from €117,696 to €148,224
- Gross operating margin +€22,399
up €22,399 (+13.3%), from €168,618 to €191,017
- Write-downs -€4,953
no longer reported in 2025 (was €4,953)
- Depreciation -€3,111
down €3,111 (-12.4%), from €24,988 to €21,878
- Other operating charges +€2,286
up €2,286 (+55.6%), from €4,114 to €6,400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,195
Gross operating margin
+€22,399
Staff costs
-€30,528
Depreciation
+€3,111
Write-downs
+€4,953
Other operating charges
-€2,286
Other operating items
-€2,328
Financial income
-€819
Financial charges
+€1,044
Taxes
-€132
Result 2025
-€2,392
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€17,976
Investment
-€8,962
Financing
-€10,263
Cash 2024
€52,751
From operations (derived)
+€17,976
Net result for the year
-€2,392
Depreciation
+€21,878
Stocks and contracts
-€5,161
Receivables within one year
+€27,714
Deferred charges and accrued income
+€8,434
Trade debts
-€7,208
Tax, wage and social debts
-€185
Advances received
+€10,896
Other debts
+€4,498
Accrued charges and deferred income
-€40,498
Investment (derived)
-€8,962
Investment in fixed assets (net)
-€8,962
Financing
-€10,263
Debts after one year
-€6,338
Current portion of long-term debt
-€3,925
Cash 2025
€51,502
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,909 | €352,758 | -€45,151 | -11.3% |
| Fixed assets | 21/28 | €93,261 | €80,345 | -€12,916 | -13.8% |
| Intangible fixed assets | 21 | €27,650 | €29,608 | +€1,958 | +7.1% |
| Tangible fixed assets | 22/27 | €61,161 | €46,286 | -€14,874 | -24.3% |
| Plant, machinery and equipment | 23 | €5,836 | €5,237 | -€599 | -10.3% |
| Furniture and vehicles | 24 | €13,316 | €13,861 | +€545 | +4.1% |
| Leasing and similar rights | 25 | €42,009 | €27,189 | -€14,821 | -35.3% |
| Financial fixed assets | 28 | €4,450 | €4,450 | = | 0.0% |
| Current assets | 29/58 | €304,648 | €272,413 | -€32,235 | -10.6% |
| Stocks and contracts in progress | 3 | €20,796 | €25,957 | +€5,161 | +24.8% |
| Stocks | 30/36 | €20,796 | €15,132 | -€5,664 | -27.2% |
| Contracts in progress | 37 | - | €10,825 | +€10,825 | |
| Amounts receivable within one year | 40/41 | €208,710 | €180,996 | -€27,714 | -13.3% |
| Trade receivables | 40 | €165,427 | €126,774 | -€38,653 | -23.4% |
| Other amounts receivable | 41 | €43,282 | €54,221 | +€10,939 | +25.3% |
| Cash at bank and in hand | 54/58 | €52,751 | €51,502 | -€1,248 | -2.4% |
| Deferred charges and accrued income | 490/1 | €22,392 | €13,958 | -€8,434 | -37.7% |
| Total equity and liabilities | 10/49 | €397,909 | €352,758 | -€45,151 | -11.3% |
| Equity | 10/15 | €131,448 | €129,057 | -€2,392 | -1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €125,248 | €125,248 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €123,393 | €123,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,392 | -€2,392 | |
| Amounts payable | 17/49 | €266,461 | €223,701 | -€42,760 | -16.0% |
| Amounts payable after more than one year | 17 | €27,887 | €21,549 | -€6,338 | -22.7% |
| Financial debts | 170/4 | €27,887 | €21,549 | -€6,338 | -22.7% |
| Amounts payable within one year | 42/48 | €177,694 | €181,771 | +€4,077 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €10,785 | €6,860 | -€3,925 | -36.4% |
| Trade debts | 44 | €147,324 | €140,116 | -€7,208 | -4.9% |
| Suppliers | 440/4 | €147,324 | €140,116 | -€7,208 | -4.9% |
| Advances received on contracts in progress | 46 | €7,796 | €18,691 | +€10,896 | +140% |
| Taxes, remuneration and social security | 45 | €11,747 | €11,562 | -€185 | -1.6% |
| Taxes | 450/3 | €5,715 | €11,562 | +€5,847 | +102% |
| Remuneration and social security | 454/9 | €6,032 | - | -€6,032 | |
| Other amounts payable | 47/48 | €43 | €4,541 | +€4,498 | +10,502% |
| Accrued charges and deferred income | 492/3 | €60,880 | €20,382 | -€40,498 | -66.5% |
| Remuneration, social security and pensions | 62 | €117,696 | €148,224 | +€30,528 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,988 | €21,878 | -€3,111 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,953 | - | -€4,953 | |
| Other operating charges | 640/8 | €4,114 | €6,400 | +€2,286 | +55.6% |
| Non-recurring operating charges | 66A | €1,996 | €4,323 | +€2,328 | +117% |
| Gross operating margin | 9900 | €168,618 | €191,017 | +€22,399 | +13.3% |
| Operating profit (loss) | 9901 | €14,871 | €10,192 | -€4,679 | -31.5% |
| Financial income | 75/76B | €2,281 | €1,462 | -€819 | -35.9% |
| Recurring financial income | 75 | €2,281 | €1,462 | -€819 | -35.9% |
| Financial charges | 65/66B | €9,242 | €8,199 | -€1,044 | -11.3% |
| Recurring financial charges | 65 | €9,242 | €8,199 | -€1,044 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €7,910 | €3,455 | -€4,454 | -56.3% |
| Income taxes | 67/77 | €5,715 | €5,847 | +€132 | +2.3% |
| Profit (loss) for the period | 9904 | €2,195 | -€2,392 | -€4,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,195 | -€2,392 | -€4,586 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.