13. Other current liabilities and provisions
|
|
2025 |
|
2024 |
|---|---|---|---|---|
|
|
MCHF |
|
MCHF |
Compensation-related liabilities |
|
105.2 |
|
101.6 |
Customer-related liabilities (see Note 15) |
|
209.2 |
|
214.7 |
Value added tax payables |
|
33.0 |
|
22.9 |
Commissions-related liabilities |
|
16.1 |
|
19.7 |
Short-term derivative financial instruments (see Note 15) |
|
0.2 |
|
1.1 |
Short-term interest payables (see Note 15) |
|
6.6 |
|
8.5 |
Other current liabilities |
|
45.6 |
|
28.7 |
Total other current liabilities |
|
415.9 |
|
397.2 |
The outstanding customer bonuses are offset against the outstanding trade accounts receivable (Note 6). If the balance of outstanding trade receivables as at 31 December is smaller than the outstanding customer bonuses, these are reported under “Customer-related liabilities”. The position “Other current liabilities” mainly includes accruals for services and deliveries received, but not yet invoiced, as well as a liability of MCHF 12.2 for the property in Rapperswil‑Jona, previously owned by the Swiss pension fund (see Note 29).
|
|
2025 |
|
2024 |
|---|---|---|---|---|
|
|
MCHF |
|
MCHF |
Other current provisions |
|
2.5 |
|
3.1 |
Provisions for restructuring |
|
16.9 |
|
2.3 |
Total current provisions |
|
19.4 |
|
5.4 |
The movements of other current provisions for 2025 and 2024 are shown in the following table:
|
|
2025 |
|
2024 |
|---|---|---|---|---|
|
|
MCHF |
|
MCHF |
Other current provisions |
|
|
|
|
1 January |
|
3.1 |
|
3.8 |
Additions |
|
1.8 |
|
1.9 |
Transfers |
|
-0.2 |
|
0.2 |
Used |
|
-1.9 |
|
-1.8 |
Reversed |
|
-0.2 |
|
-1.1 |
Translation differences |
|
-0.1 |
|
0.1 |
31 December |
|
2.5 |
|
3.1 |
The movements of provisions for restructuring for 2025 and 2024 are shown in the following table:
|
|
2025 |
|
2024 |
||||
|---|---|---|---|---|---|---|---|---|
|
|
MCHF |
|
MCHF |
||||
Provisions for restructuring |
|
|
|
|
||||
1 January |
|
2.3 |
|
1.1 |
||||
Additions |
|
17.4 |
|
4.0 |
||||
Transfers1 |
|
0.0 |
|
-1.6 |
||||
Used |
|
-1.1 |
|
-1.2 |
||||
Reversed |
|
-1.5 |
|
0.0 |
||||
Translation differences |
|
-0.2 |
|
0.0 |
||||
31 December |
|
16.9 |
|
2.3 |
||||
|
||||||||
Closure of ceramic plant in Wesel
As part of its ceramics network specialisation strategy, Geberit will close the Wesel ceramics plant by the end of 2026. The local management concluded negotiations with the works council on matters including the social plan. In 2025, one-off costs totalling MEUR 24 (MEUR 18 operating expenses and MEUR 6 depreciation) were recognised. The majority of the cash outflows are expected in the second half of the year 2026.