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
- Tangible fixed assets +€195,721
up €195,721 (+39.3%), from €497,765 to €693,486
of which Other tangible fixed assets: +€231,128
- Cash -€100,574
down €100,574 (-73.4%), from €137,063 to €36,489
mainly Investment in fixed assets (net) (-€283,075) and Net result for the year (-€48,106)
- Current investments -€37,461
down €37,461 (-72.8%), from €51,473 to €14,012
- Accrued charges and deferred income +€74,792
up €74,792 (+124.2%), from €60,208 to €135,000
- Trade debts +€57,527
up €57,527 (+81.7%), from €70,396 to €127,923
- Profit (loss) carried forward -€48,106
down €48,106 (-8.7%), from €552,793 to €504,687
- Provisions -€10,143
down €10,143 (-19.2%), from €52,785 to €42,643
- Depreciation +€47,891
up €47,891 (+121.4%), from €39,463 to €87,354
- Taxes -€26,814
no longer reported in 2025 (was €26,814)
- Staff costs -€15,430
down €15,430 (-3.0%), from €509,794 to €494,364
- Gross operating margin +€12,619
up €12,619 (+2.5%), from €510,842 to €523,461
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 | €891,680 | €958,229 | +€66,549 | +7.5% |
| Fixed assets | 21/28 | €497,875 | €693,596 | +€195,721 | +39.3% |
| Tangible fixed assets | 22/27 | €497,765 | €693,486 | +€195,721 | +39.3% |
| Plant, machinery and equipment | 23 | €50,541 | €15,134 | -€35,407 | -70.1% |
| Other tangible fixed assets | 26 | €447,225 | €678,352 | +€231,128 | +51.7% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €393,805 | €264,633 | -€129,172 | -32.8% |
| Amounts receivable within one year | 40/41 | €200,724 | €203,227 | +€2,503 | +1.2% |
| Trade receivables | 40 | €137,044 | €181,311 | +€44,267 | +32.3% |
| Other amounts receivable | 41 | €63,680 | €21,915 | -€41,764 | -65.6% |
| Current investments | 50/53 | €51,473 | €14,012 | -€37,461 | -72.8% |
| Cash at bank and in hand | 54/58 | €137,063 | €36,489 | -€100,574 | -73.4% |
| Deferred charges and accrued income | 490/1 | €4,545 | €10,904 | +€6,360 | +139.9% |
| Total equity and liabilities | 10/49 | €891,680 | €958,229 | +€66,549 | +7.5% |
| Equity | 10/15 | €625,867 | €577,761 | -€48,106 | -7.7% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Contributions outside capital | 11 | €37,184 | €37,184 | = | 0.0% |
| Other | 1109/19 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €35,890 | €35,890 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,941 | €6,941 | = | 0.0% |
| Distributable reserves | 133 | €28,949 | €28,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | €552,793 | €504,687 | -€48,106 | -8.7% |
| Provisions and deferred taxes | 16 | €52,785 | €42,643 | -€10,143 | -19.2% |
| Deferred taxes | 168 | €52,785 | €42,643 | -€10,143 | -19.2% |
| Amounts payable | 17/49 | €213,028 | €337,826 | +€124,798 | +58.6% |
| Amounts payable within one year | 42/48 | €152,820 | €202,826 | +€50,006 | +32.7% |
| Trade debts | 44 | €70,396 | €127,923 | +€57,527 | +81.7% |
| Suppliers | 440/4 | €70,396 | €127,923 | +€57,527 | +81.7% |
| Advances received on contracts in progress | 46 | €769 | €769 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €81,655 | €74,134 | -€7,521 | -9.2% |
| Taxes | 450/3 | €10,334 | €11,853 | +€1,518 | +14.7% |
| Remuneration and social security | 454/9 | €71,321 | €62,281 | -€9,039 | -12.7% |
| Accrued charges and deferred income | 492/3 | €60,208 | €135,000 | +€74,792 | +124.2% |
| Remuneration, social security and pensions | 62 | €509,794 | €494,364 | -€15,430 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,463 | €87,354 | +€47,891 | +121.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,824 | -€10,143 | -€319 | -3.2% |
| Other operating charges | 640/8 | €1,566 | €1,579 | +€13 | +0.8% |
| Gross operating margin | 9900 | €510,842 | €523,461 | +€12,619 | +2.5% |
| Operating profit (loss) | 9901 | -€30,156 | -€49,692 | -€19,536 | -64.8% |
| Financial income | 75/76B | €1,569 | €1,851 | +€282 | +18.0% |
| Recurring financial income | 75 | €1,569 | €1,851 | +€282 | +18.0% |
| Financial charges | 65/66B | €436 | €265 | -€171 | -39.2% |
| Recurring financial charges | 65 | €436 | €265 | -€171 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,022 | -€48,106 | -€19,084 | -65.8% |
| Income taxes | 67/77 | €26,814 | - | -€26,814 | |
| Profit (loss) for the period | 9904 | -€55,836 | -€48,106 | +€7,730 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,836 | -€48,106 | +€7,730 | +13.8% |
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 11 October 2026 via checked.be.