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
- Cash +€447,179
up €447,179 (+5904.7%), from €7,573 to €454,752
mainly Net result for the year (+€564,747) and Depreciation (+€16,276)
- Tangible fixed assets -€24,434
down €24,434 (-4.7%), from €517,823 to €493,389
of which Land and buildings: -€21,372
- Receivables within one year +€12,832
new in 2026: €12,832
- Reserves +€499,732
up €499,732 (+795.0%), from €62,862 to €562,594
of which Distributable reserves: +€478,176
- Other debts -€129,829
no longer reported in 2026 (was €129,829)
- Profit (loss) carried forward +€65,015
no longer reported in 2026 (was -€65,015)
- Gross operating margin +€806,908
up €806,908 (+27198.7%), from €2,967 to €809,875
- Taxes +€224,569
new in 2026: €224,569
- Depreciation -€10,725
down €10,725 (-39.7%), from €27,001 to €16,276
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €527,875 | €962,615 | +€434,740 | +82.4% |
| Fixed assets | 21/28 | €517,823 | €493,389 | -€24,434 | -4.7% |
| Tangible fixed assets | 22/27 | €517,823 | €493,389 | -€24,434 | -4.7% |
| Land and buildings | 22 | €511,253 | €489,881 | -€21,372 | -4.2% |
| Plant, machinery and equipment | 23 | €6,571 | €3,508 | -€3,062 | -46.6% |
| Current assets | 29/58 | €10,052 | €469,226 | +€459,174 | +4568.0% |
| Amounts receivable within one year | 40/41 | - | €12,832 | +€12,832 | |
| Other amounts receivable | 41 | - | €12,832 | +€12,832 | |
| Cash at bank and in hand | 54/58 | €7,573 | €454,752 | +€447,179 | +5904.7% |
| Deferred charges and accrued income | 490/1 | €2,479 | €1,642 | -€837 | -33.8% |
| Total equity and liabilities | 10/49 | €527,875 | €962,615 | +€434,740 | +82.4% |
| Equity | 10/15 | €397,847 | €962,594 | +€564,747 | +142.0% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €62,862 | €562,594 | +€499,732 | +795.0% |
| Non-distributable reserves | 130/1 | €18,444 | €40,000 | +€21,556 | +116.9% |
| Legal reserve | 130 | €18,444 | €40,000 | +€21,556 | +116.9% |
| Distributable reserves | 133 | €44,418 | €522,594 | +€478,176 | +1076.5% |
| Profit (loss) carried forward | 14 | -€65,015 | - | +€65,015 | |
| Amounts payable | 17/49 | €130,028 | €21 | -€130,007 | -100.0% |
| Amounts payable within one year | 42/48 | €130,028 | €21 | -€130,007 | -100.0% |
| Trade debts | 44 | €199 | €21 | -€178 | -89.2% |
| Suppliers | 440/4 | €199 | €21 | -€178 | -89.2% |
| Other amounts payable | 47/48 | €129,829 | - | -€129,829 | |
| Non-recurring operating income | 76A | - | €815,190 | +€815,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,001 | €16,276 | -€10,725 | -39.7% |
| Other operating charges | 640/8 | €3,141 | €3,600 | +€458 | +14.6% |
| Non-recurring operating charges | 66A | - | €548 | +€548 | |
| Gross operating margin | 9900 | €2,967 | €809,875 | +€806,908 | +27198.7% |
| Operating profit (loss) | 9901 | -€27,175 | €789,452 | +€816,627 | |
| Financial income | 75/76B | - | €201 | +€201 | |
| Recurring financial income | 75 | - | €201 | +€201 | |
| Financial charges | 65/66B | €363 | €336 | -€26 | -7.3% |
| Recurring financial charges | 65 | €363 | €336 | -€26 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,538 | €789,316 | +€816,853 | |
| Income taxes | 67/77 | - | €224,569 | +€224,569 | |
| Profit (loss) for the period | 9904 | -€27,538 | €564,747 | +€592,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,538 | €564,747 | +€592,285 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.