De Linde: 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.
De Linde
Largest movements
- Receivables within one year +€284,712
up €284,712 (+18.3%), from €1.6m to €1.8m
of which Other amounts receivable: +€184,924
- Tangible fixed assets +€148,725
up €148,725 (+72.5%), from €205,123 to €353,848
of which Land and buildings: +€166,228
- Other debts +€1.4m
up €1.4m (+1,401%), from €100,182 to €1.5m
- Profit (loss) carried forward -€775,571
no longer reported in 2025 (was €775,571)
- Current portion of long-term debt -€135,117
down €135,117 (-54.8%), from €246,542 to €111,425
- Tax, wage and social debts -€43,054
down €43,054 (-63.8%), from €67,452 to €24,398
of which Taxes: -€43,161
- Trade debts -€30,831
down €30,831 (-56.5%), from €54,562 to €23,731
- Purchases and services -€168,973
down €168,973 (-37.0%), from €457,198 to €288,225
- Gross operating margin +€113,582
up €113,582 (+12.8%), from €886,532 to €1.0m
- Turnover -€53,752
down €53,752 (-4.0%), from €1.3m to €1.3m
- Financial income -€26,953
down €26,953 (-99.7%), from €27,032 to €79
- Taxes +€19,024
up €19,024 (+10.4%), from €183,169 to €202,193
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
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 | €1,777,274 | €2,213,048 | +€435,774 | +24.5% |
| Fixed assets | 21/28 | €205,123 | €353,848 | +€148,725 | +72.5% |
| Tangible fixed assets | 22/27 | €205,123 | €353,848 | +€148,725 | +72.5% |
| Land and buildings | 22 | €147,620 | €313,848 | +€166,228 | +113% |
| Plant, machinery and equipment | 23 | €54,024 | €32,708 | -€21,316 | -39.5% |
| Furniture and vehicles | 24 | €3,479 | €7,292 | +€3,813 | +110% |
| Current assets | 29/58 | €1,572,151 | €1,859,200 | +€287,049 | +18.3% |
| Amounts receivable within one year | 40/41 | €1,558,830 | €1,843,541 | +€284,712 | +18.3% |
| Trade receivables | 40 | €102,974 | €202,762 | +€99,788 | +96.9% |
| Other amounts receivable | 41 | €1,455,855 | €1,640,780 | +€184,924 | +12.7% |
| Cash at bank and in hand | 54/58 | €9,999 | €11,292 | +€1,292 | +12.9% |
| Deferred charges and accrued income | 490/1 | €3,322 | €4,367 | +€1,045 | +31.5% |
| Total equity and liabilities | 10/49 | €1,777,274 | €2,213,048 | +€435,774 | +24.5% |
| Equity | 10/15 | €781,771 | €6,200 | -€775,571 | -99.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €0 | €0 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | €0 | = | 0.0% |
| Profit (loss) carried forward | 14 | €775,571 | - | -€775,571 | |
| Amounts payable | 17/49 | €995,503 | €2,206,848 | +€1.2m | +122% |
| Amounts payable after more than one year | 17 | €498,108 | €514,727 | +€16,618 | +3.3% |
| Financial debts | 170/4 | €106,476 | €151,751 | +€45,274 | +42.5% |
| Other amounts payable | 178/9 | €391,632 | €362,976 | -€28,656 | -7.3% |
| Amounts payable within one year | 42/48 | €497,395 | €1,692,121 | +€1.2m | +240% |
| Current portion of amounts payable after more than one year | 42 | €246,542 | €111,425 | -€135,117 | -54.8% |
| Financial debts | 43 | €28,656 | €28,656 | = | 0.0% |
| Credit institutions | 430/8 | €28,656 | €28,656 | = | 0.0% |
| Trade debts | 44 | €54,562 | €23,731 | -€30,831 | -56.5% |
| Suppliers | 440/4 | €54,562 | €23,731 | -€30,831 | -56.5% |
| Taxes, remuneration and social security | 45 | €67,452 | €24,398 | -€43,054 | -63.8% |
| Taxes | 450/3 | €65,354 | €22,193 | -€43,161 | -66.0% |
| Remuneration and social security | 454/9 | €2,098 | €2,205 | +€107 | +5.1% |
| Other amounts payable | 47/48 | €100,182 | €1,503,911 | +€1.4m | +1,401% |
| Turnover | 70 | €1,341,730 | €1,287,977 | -€53,752 | -4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €457,198 | €288,225 | -€168,973 | -37.0% |
| Remuneration, social security and pensions | 62 | €30,055 | €46,484 | +€16,429 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,798 | €62,736 | -€13,062 | -17.2% |
| Other operating charges | 640/8 | €47,077 | €48,676 | +€1,599 | +3.4% |
| Non-recurring operating charges | 66A | €1,143 | - | -€1,143 | |
| Gross operating margin | 9900 | €886,532 | €1,000,113 | +€113,582 | +12.8% |
| Operating profit (loss) | 9901 | €732,459 | €842,217 | +€109,758 | +15.0% |
| Financial income | 75/76B | €27,032 | €79 | -€26,953 | -99.7% |
| Recurring financial income | 75 | €27,032 | €79 | -€26,953 | -99.7% |
| Financial charges | 65/66B | €25,564 | €12,302 | -€13,262 | -51.9% |
| Recurring financial charges | 65 | €25,564 | €12,302 | -€13,262 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €733,927 | €829,994 | +€96,067 | +13.1% |
| Income taxes | 67/77 | €183,169 | €202,193 | +€19,024 | +10.4% |
| Profit (loss) for the period | 9904 | €550,758 | €627,801 | +€77,043 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €550,758 | €627,801 | +€77,043 | +14.0% |
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 15 October 2026 via checked.be.