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 -€86,043
down €86,043 (-9.7%), from €888,198 to €802,154
of which Plant, machinery and equipment: -€45,047
- Stocks and contracts +€32,608
up €32,608 (+34.5%), from €94,395 to €127,003
- Receivables within one year +€32,075
up €32,075 (+12.2%), from €262,232 to €294,306
of which Other amounts receivable: +€30,774
- Other debts +€160,000
up €160,000 (+1600.0%), from €10,000 to €170,000
- Profit (loss) carried forward -€96,892
no longer reported in 2025 (was €96,892)
- Debts after one year -€86,508
down €86,508 (-10.5%), from €825,476 to €738,968
- Reserves +€24,786
up €24,786 (+10.7%), from €232,200 to €256,987
- Trade debts +€16,007
up €16,007 (+53.6%), from €29,839 to €45,846
- Gross operating margin +€115,638
up €115,638 (+25.2%), from €458,775 to €574,413
- Taxes +€9,026
up €9,026 (+672.5%), from €1,342 to €10,368
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 | €1,342,785 | €1,330,655 | -€12,130 | -0.9% |
| Fixed assets | 21/28 | €888,198 | €802,154 | -€86,043 | -9.7% |
| Tangible fixed assets | 22/27 | €888,198 | €802,154 | -€86,043 | -9.7% |
| Land and buildings | 22 | €107,696 | €97,050 | -€10,646 | -9.9% |
| Plant, machinery and equipment | 23 | €621,464 | €576,416 | -€45,047 | -7.2% |
| Furniture and vehicles | 24 | €34,667 | €20,608 | -€14,059 | -40.6% |
| Other tangible fixed assets | 26 | €124,371 | €108,080 | -€16,291 | -13.1% |
| Current assets | 29/58 | €454,587 | €528,501 | +€73,914 | +16.3% |
| Stocks and contracts in progress | 3 | €94,395 | €127,003 | +€32,608 | +34.5% |
| Stocks | 30/36 | €94,395 | €127,003 | +€32,608 | +34.5% |
| Amounts receivable within one year | 40/41 | €262,232 | €294,306 | +€32,075 | +12.2% |
| Trade receivables | 40 | €8,178 | €9,478 | +€1,300 | +15.9% |
| Other amounts receivable | 41 | €254,054 | €284,828 | +€30,774 | +12.1% |
| Cash at bank and in hand | 54/58 | €89,788 | €97,728 | +€7,940 | +8.8% |
| Deferred charges and accrued income | 490/1 | €8,173 | €9,463 | +€1,290 | +15.8% |
| Total equity and liabilities | 10/49 | €1,342,785 | €1,330,655 | -€12,130 | -0.9% |
| Equity | 10/15 | €348,092 | €275,987 | -€72,106 | -20.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €232,200 | €256,987 | +€24,786 | +10.7% |
| Distributable reserves | 133 | €232,200 | €256,987 | +€24,786 | +10.7% |
| Profit (loss) carried forward | 14 | €96,892 | - | -€96,892 | |
| Amounts payable | 17/49 | €994,693 | €1,054,668 | +€59,976 | +6.0% |
| Amounts payable after more than one year | 17 | €825,476 | €738,968 | -€86,508 | -10.5% |
| Financial debts | 170/4 | €825,476 | €738,968 | -€86,508 | -10.5% |
| Amounts payable within one year | 42/48 | €169,217 | €315,701 | +€146,484 | +86.6% |
| Current portion of amounts payable after more than one year | 42 | €102,377 | €87,101 | -€15,276 | -14.9% |
| Financial debts | 43 | €10,206 | €4,873 | -€5,333 | -52.2% |
| Credit institutions | 430/8 | €10,206 | €4,873 | -€5,333 | -52.2% |
| Trade debts | 44 | €29,839 | €45,846 | +€16,007 | +53.6% |
| Suppliers | 440/4 | €29,839 | €45,846 | +€16,007 | +53.6% |
| Taxes, remuneration and social security | 45 | €16,795 | €7,880 | -€8,915 | -53.1% |
| Taxes | 450/3 | €4,381 | €1,236 | -€3,145 | -71.8% |
| Remuneration and social security | 454/9 | €12,414 | €6,644 | -€5,770 | -46.5% |
| Other amounts payable | 47/48 | €10,000 | €170,000 | +€160,000 | +1600.0% |
| Remuneration, social security and pensions | 62 | €222,569 | €221,028 | -€1,541 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,130 | €107,847 | +€1,717 | +1.6% |
| Other operating charges | 640/8 | €1,924 | €6,321 | +€4,397 | +228.5% |
| Gross operating margin | 9900 | €458,775 | €574,413 | +€115,638 | +25.2% |
| Operating profit (loss) | 9901 | €128,152 | €239,217 | +€111,065 | +86.7% |
| Financial income | 75/76B | €6,220 | €6,840 | +€620 | +10.0% |
| Recurring financial income | 75 | €6,220 | €6,840 | +€620 | +10.0% |
| Financial charges | 65/66B | €37,667 | €37,794 | +€128 | +0.3% |
| Recurring financial charges | 65 | €37,667 | €37,794 | +€128 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €96,705 | €208,263 | +€111,557 | +115.4% |
| Income taxes | 67/77 | €1,342 | €10,368 | +€9,026 | +672.5% |
| Profit (loss) for the period | 9904 | €95,363 | €197,894 | +€102,532 | +107.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,363 | €197,894 | +€102,532 | +107.5% |
Source: filed annual accounts (NBB), fiscal years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.