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 +€42,837
up €42,837 (+387%), from €11,056 to €53,893
of which Trade receivables: +€31,846
- Current investments -€24,507
down €24,507 (-28.7%), from €85,427 to €60,920
- Cash -€14,195
down €14,195 (-20.3%), from €69,962 to €55,766
mainly Receivables within one year (-€42,837) and Net result for the year (-€11,792)
- Tangible fixed assets -€3,154
down €3,154 (-2.6%), from €121,292 to €118,139
of which Land and buildings: -€3,825
- Trade debts +€13,872
up €13,872 (+205%), from €6,763 to €20,636
- Profit (loss) carried forward -€11,792
down €11,792 (-54.8%), from -€21,530 to -€33,322
- Gross operating margin -€41,407
down €41,407 (-70.7%), from €58,600 to €17,193
- Depreciation -€17,688
down €17,688 (-70.7%), from €25,025 to €7,337
- Staff costs +€3,534
up €3,534 (+31.6%), from €11,172 to €14,706
- Other operating charges +€1,187
up €1,187 (+18.8%), from €6,313 to €7,500
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 | €287,945 | €288,926 | +€981 | +0.3% |
| Fixed assets | 21/28 | €121,501 | €118,347 | -€3,154 | -2.6% |
| Tangible fixed assets | 22/27 | €121,292 | €118,139 | -€3,154 | -2.6% |
| Land and buildings | 22 | €119,230 | €115,405 | -€3,825 | -3.2% |
| Plant, machinery and equipment | 23 | €2,063 | €2,734 | +€671 | +32.5% |
| Financial fixed assets | 28 | €208 | €208 | = | 0.0% |
| Current assets | 29/58 | €166,444 | €170,579 | +€4,135 | +2.5% |
| Amounts receivable within one year | 40/41 | €11,056 | €53,893 | +€42,837 | +387% |
| Trade receivables | 40 | €7,486 | €39,332 | +€31,846 | +425% |
| Other amounts receivable | 41 | €3,570 | €14,561 | +€10,991 | +308% |
| Current investments | 50/53 | €85,427 | €60,920 | -€24,507 | -28.7% |
| Cash at bank and in hand | 54/58 | €69,962 | €55,766 | -€14,195 | -20.3% |
| Total equity and liabilities | 10/49 | €287,945 | €288,926 | +€981 | +0.3% |
| Equity | 10/15 | €179,091 | €167,299 | -€11,792 | -6.6% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €144,846 | €144,846 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €135,846 | €135,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,530 | -€33,322 | -€11,792 | -54.8% |
| Amounts payable | 17/49 | €108,854 | €121,626 | +€12,772 | +11.7% |
| Amounts payable after more than one year | 17 | €99,530 | €99,530 | = | 0.0% |
| Financial debts | 170/4 | €98,530 | €98,530 | = | 0.0% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,324 | €22,096 | +€12,772 | +137% |
| Trade debts | 44 | €6,763 | €20,636 | +€13,872 | +205% |
| Suppliers | 440/4 | €6,763 | €20,636 | +€13,872 | +205% |
| Taxes, remuneration and social security | 45 | €941 | €1,460 | +€519 | +55.2% |
| Taxes | 450/3 | €297 | €297 | = | 0.0% |
| Remuneration and social security | 454/9 | €644 | €1,163 | +€519 | +80.7% |
| Other amounts payable | 47/48 | €1,619 | €0 | -€1,619 | -100% |
| Non-recurring operating income | 76A | €3,043 | €0 | -€3,043 | -100% |
| Remuneration, social security and pensions | 62 | €11,172 | €14,706 | +€3,534 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,025 | €7,337 | -€17,688 | -70.7% |
| Other operating charges | 640/8 | €6,313 | €7,500 | +€1,187 | +18.8% |
| Gross operating margin | 9900 | €58,600 | €17,193 | -€41,407 | -70.7% |
| Operating profit (loss) | 9901 | €16,090 | -€12,351 | -€28,440 | |
| Financial income | 75/76B | €1,252 | €1,101 | -€151 | -12.0% |
| Recurring financial income | 75 | €1,252 | €1,101 | -€151 | -12.0% |
| Financial charges | 65/66B | €871 | €506 | -€365 | -41.9% |
| Recurring financial charges | 65 | €871 | €506 | -€365 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €16,471 | -€11,755 | -€28,226 | |
| Income taxes | 67/77 | €127 | €37 | -€90 | -71.0% |
| Profit (loss) for the period | 9904 | €16,344 | -€11,792 | -€28,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,344 | -€11,792 | -€28,135 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.