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 +€585,584
up €585,584 (+192.9%), from €303,618 to €889,202
of which Land and buildings: +€588,328
- Cash -€80,827
down €80,827 (-68.4%), from €118,168 to €37,341
mainly Investment in fixed assets (net) (-€622,024) and Net result for the year (-€64,695)
- Receivables within one year -€66,182
down €66,182 (-92.8%), from €71,322 to €5,140
of which Trade receivables: -€61,652
- Debts after one year +€374,384
up €374,384 (+9490.1%), from €3,945 to €378,329
of which Financial debts: +€374,384
- Other debts +€89,083
up €89,083 (+136.6%), from €65,217 to €154,300
- Profit (loss) carried forward -€64,695
down €64,695 (-38.0%), from €170,068 to €105,374
- Current portion of long-term debt +€40,011
new in 2025: €40,011
- Other operating charges +€77,647
up €77,647 (+1030.5%), from €7,535 to €85,181
- Gross operating margin +€33,088
up €33,088 (+71.5%), from €46,309 to €79,398
- Financial charges +€17,310
up €17,310 (+312.7%), from €5,535 to €22,845
- Depreciation +€12,234
up €12,234 (+50.5%), from €24,206 to €36,441
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 | €493,108 | €931,682 | +€438,574 | +88.9% |
| Fixed assets | 21/28 | €303,618 | €889,202 | +€585,584 | +192.9% |
| Tangible fixed assets | 22/27 | €303,618 | €889,202 | +€585,584 | +192.9% |
| Land and buildings | 22 | €297,297 | €885,625 | +€588,328 | +197.9% |
| Plant, machinery and equipment | 23 | €6,321 | €3,577 | -€2,745 | -43.4% |
| Current assets | 29/58 | €189,490 | €42,481 | -€147,010 | -77.6% |
| Amounts receivable within one year | 40/41 | €71,322 | €5,140 | -€66,182 | -92.8% |
| Trade receivables | 40 | €62,000 | €348 | -€61,652 | -99.4% |
| Other amounts receivable | 41 | €9,322 | €4,791 | -€4,530 | -48.6% |
| Cash at bank and in hand | 54/58 | €118,168 | €37,341 | -€80,827 | -68.4% |
| Total equity and liabilities | 10/49 | €493,108 | €931,682 | +€438,574 | +88.9% |
| Equity | 10/15 | €419,519 | €354,824 | -€64,695 | -15.4% |
| Contributions | 10/11 | €226,773 | €226,773 | = | 0.0% |
| Capital | 10 | €226,773 | €226,773 | = | 0.0% |
| Issued capital | 100 | €226,773 | €226,773 | = | 0.0% |
| Reserves | 13 | €22,677 | €22,677 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,677 | €22,677 | = | 0.0% |
| Legal reserve | 130 | €22,677 | €22,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,068 | €105,374 | -€64,695 | -38.0% |
| Amounts payable | 17/49 | €73,590 | €576,858 | +€503,269 | +683.9% |
| Amounts payable after more than one year | 17 | €3,945 | €378,329 | +€374,384 | +9490.1% |
| Financial debts | 170/4 | - | €374,384 | +€374,384 | |
| Other amounts payable | 178/9 | €3,945 | €3,945 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,945 | €198,529 | +€130,584 | +192.2% |
| Current portion of amounts payable after more than one year | 42 | - | €40,011 | +€40,011 | |
| Trade debts | 44 | €1,333 | €1,351 | +€19 | +1.4% |
| Suppliers | 440/4 | €1,333 | €1,351 | +€19 | +1.4% |
| Taxes, remuneration and social security | 45 | €1,395 | €2,866 | +€1,471 | +105.5% |
| Taxes | 450/3 | €1,395 | €2,866 | +€1,471 | +105.5% |
| Other amounts payable | 47/48 | €65,217 | €154,300 | +€89,083 | +136.6% |
| Accrued charges and deferred income | 492/3 | €1,700 | €0 | -€1,700 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,206 | €36,441 | +€12,234 | +50.5% |
| Other operating charges | 640/8 | €7,535 | €85,181 | +€77,647 | +1030.5% |
| Gross operating margin | 9900 | €46,309 | €79,398 | +€33,088 | +71.5% |
| Operating profit (loss) | 9901 | €14,568 | -€42,224 | -€56,793 | |
| Financial income | 75/76B | €596 | €375 | -€222 | -37.1% |
| Recurring financial income | 75 | €596 | €375 | -€222 | -37.1% |
| Financial charges | 65/66B | €5,535 | €22,845 | +€17,310 | +312.7% |
| Recurring financial charges | 65 | €5,535 | €22,845 | +€17,310 | +312.7% |
| Profit (loss) for the period before taxes | 9903 | €9,630 | -€64,695 | -€74,324 | |
| Profit (loss) for the period | 9904 | €9,630 | -€64,695 | -€74,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,630 | -€64,695 | -€74,324 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.