DE LINDE: what changed
Two fiscal 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 -€51,290
down €51,290 (-15.9%), from €322,484 to €271,195
- Financial fixed assets +€13,800
new in 2024: €13,800
- Cash -€7,726
down €7,726 (-4.3%), from €181,265 to €173,539
mainly Other debts (-€112,347) and Investment in fixed assets (net) (-€32,610)
- Other debts -€112,347
down €112,347 (-42.5%), from €264,470 to €152,123
- Profit (loss) carried forward +€64,119
up €64,119 (+67295.5%), from €95 to €64,214
- Current portion of long-term debt +€32,786
up €32,786 (+64.4%), from €50,920 to €83,706
- Debts after one year -€21,213
down €21,213 (-21.5%), from €98,685 to €77,472
- Tax, wage and social debts -€8,184
down €8,184 (-7.3%), from €111,560 to €103,377
of which Taxes: -€5,044
- Gross operating margin -€139,529
down €139,529 (-14.3%), from €973,457 to €833,929
- Taxes -€33,039
down €33,039 (-57.1%), from €57,886 to €24,847
- Staff costs -€19,635
down €19,635 (-3.0%), from €660,707 to €641,072
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,829 | €595,328 | -€47,501 | -7.4% |
| Fixed assets | 21/28 | €322,484 | €284,995 | -€37,490 | -11.6% |
| Tangible fixed assets | 22/27 | €322,484 | €271,195 | -€51,290 | -15.9% |
| Plant, machinery and equipment | 23 | €57,479 | €41,204 | -€16,275 | -28.3% |
| Furniture and vehicles | 24 | €49,620 | €35,914 | -€13,706 | -27.6% |
| Other tangible fixed assets | 26 | €215,385 | €194,076 | -€21,309 | -9.9% |
| Financial fixed assets | 28 | - | €13,800 | +€13,800 | |
| Current assets | 29/58 | €320,345 | €310,334 | -€10,011 | -3.1% |
| Stocks and contracts in progress | 3 | €47,893 | €43,208 | -€4,685 | -9.8% |
| Stocks | 30/36 | €47,893 | €43,208 | -€4,685 | -9.8% |
| Amounts receivable within one year | 40/41 | €81,606 | €85,419 | +€3,813 | +4.7% |
| Trade receivables | 40 | €43,673 | €13,393 | -€30,280 | -69.3% |
| Other amounts receivable | 41 | €37,933 | €72,026 | +€34,093 | +89.9% |
| Cash at bank and in hand | 54/58 | €181,265 | €173,539 | -€7,726 | -4.3% |
| Deferred charges and accrued income | 490/1 | €9,581 | €8,168 | -€1,414 | -14.8% |
| Total equity and liabilities | 10/49 | €642,829 | €595,328 | -€47,501 | -7.4% |
| Equity | 10/15 | €18,099 | €82,218 | +€64,119 | +354.3% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €18,004 | €18,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,004 | €18,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95 | €64,214 | +€64,119 | +67295.5% |
| Amounts payable | 17/49 | €624,730 | €513,110 | -€111,620 | -17.9% |
| Amounts payable after more than one year | 17 | €98,685 | €77,472 | -€21,213 | -21.5% |
| Financial debts | 170/4 | €98,685 | €77,472 | -€21,213 | -21.5% |
| Amounts payable within one year | 42/48 | €526,000 | €435,602 | -€90,398 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €50,920 | €83,706 | +€32,786 | +64.4% |
| Financial debts | 43 | €73 | €194 | +€121 | +166.0% |
| Credit institutions | 430/8 | €73 | €194 | +€121 | +166.0% |
| Trade debts | 44 | €98,710 | €96,202 | -€2,508 | -2.5% |
| Suppliers | 440/4 | €98,710 | €96,202 | -€2,508 | -2.5% |
| Advances received on contracts in progress | 46 | €267 | €0 | -€267 | -100.0% |
| Taxes, remuneration and social security | 45 | €111,560 | €103,377 | -€8,184 | -7.3% |
| Taxes | 450/3 | €54,535 | €49,491 | -€5,044 | -9.2% |
| Remuneration and social security | 454/9 | €57,026 | €53,886 | -€3,140 | -5.5% |
| Other amounts payable | 47/48 | €264,470 | €152,123 | -€112,347 | -42.5% |
| Accrued charges and deferred income | 492/3 | €46 | €36 | -€10 | -21.2% |
| Remuneration, social security and pensions | 62 | €660,707 | €641,072 | -€19,635 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,409 | €70,100 | -€1,310 | -1.8% |
| Other operating charges | 640/8 | €1,414 | €1,467 | +€53 | +3.8% |
| Non-recurring operating charges | 66A | €0 | €5,379 | +€5,379 | |
| Gross operating margin | 9900 | €973,457 | €833,929 | -€139,529 | -14.3% |
| Operating profit (loss) | 9901 | €239,927 | €115,911 | -€124,016 | -51.7% |
| Financial income | 75/76B | €344 | €3,504 | +€3,161 | +920.2% |
| Recurring financial income | 75 | €344 | €3,504 | +€3,161 | +920.2% |
| Financial charges | 65/66B | €29,237 | €30,450 | +€1,213 | +4.1% |
| Recurring financial charges | 65 | €29,237 | €30,450 | +€1,213 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €211,034 | €88,966 | -€122,068 | -57.8% |
| Income taxes | 67/77 | €57,886 | €24,847 | -€33,039 | -57.1% |
| Profit (loss) for the period | 9904 | €153,149 | €64,119 | -€89,029 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €153,149 | €64,119 | -€89,029 | -58.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.