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
- Cash +€86,525
up €86,525 (+86.7%), from €99,843 to €186,368
mainly Net result for the year (+€107,797) and Depreciation (+€51,419)
- Receivables within one year +€40,864
up €40,864 (+26.7%), from €152,812 to €193,676
of which Other amounts receivable: +€70,235
- Tangible fixed assets -€23,992
down €23,992 (-7.5%), from €318,089 to €294,096
- Stocks and contracts -€7,157
down €7,157 (-32.4%), from €22,100 to €14,943
- Reserves +€105,000
up €105,000 (+33.9%), from €309,395 to €414,395
of which Distributable reserves: +€105,000
- Debts after one year -€18,258
down €18,258 (-40.6%), from €44,989 to €26,731
- Tax, wage and social debts +€11,603
up €11,603 (+22.9%), from €50,697 to €62,299
of which Taxes: +€13,024
- Gross operating margin +€66,510
up €66,510 (+24.7%), from €268,962 to €335,472
- Taxes +€14,724
up €14,724 (+44.7%), from €32,974 to €47,698
- Write-downs +€11,927
new in 2025: €11,927
- Staff costs +€4,290
up €4,290 (+4.4%), from €98,380 to €102,670
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 | €594,412 | €690,852 | +€96,440 | +16.2% |
| Fixed assets | 21/28 | €318,089 | €294,096 | -€23,992 | -7.5% |
| Tangible fixed assets | 22/27 | €318,089 | €294,096 | -€23,992 | -7.5% |
| Land and buildings | 22 | €241,794 | €232,894 | -€8,900 | -3.7% |
| Plant, machinery and equipment | 23 | €47,879 | €37,749 | -€10,130 | -21.2% |
| Furniture and vehicles | 24 | €28,416 | €23,453 | -€4,962 | -17.5% |
| Current assets | 29/58 | €276,323 | €396,756 | +€120,433 | +43.6% |
| Stocks and contracts in progress | 3 | €22,100 | €14,943 | -€7,157 | -32.4% |
| Stocks | 30/36 | €22,100 | €14,943 | -€7,157 | -32.4% |
| Amounts receivable within one year | 40/41 | €152,812 | €193,676 | +€40,864 | +26.7% |
| Trade receivables | 40 | €152,812 | €123,442 | -€29,371 | -19.2% |
| Other amounts receivable | 41 | €0 | €70,235 | +€70,235 | |
| Cash at bank and in hand | 54/58 | €99,843 | €186,368 | +€86,525 | +86.7% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,768 | +€200 | +12.8% |
| Total equity and liabilities | 10/49 | €594,412 | €690,852 | +€96,440 | +16.2% |
| Equity | 10/15 | €440,234 | €548,031 | +€107,797 | +24.5% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €309,395 | €414,395 | +€105,000 | +33.9% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €297,000 | €402,000 | +€105,000 | +35.4% |
| Profit (loss) carried forward | 14 | €6,892 | €9,689 | +€2,797 | +40.6% |
| Amounts payable | 17/49 | €154,178 | €142,821 | -€11,357 | -7.4% |
| Amounts payable after more than one year | 17 | €44,989 | €26,731 | -€18,258 | -40.6% |
| Financial debts | 170/4 | €44,989 | €26,731 | -€18,258 | -40.6% |
| Amounts payable within one year | 42/48 | €109,189 | €116,090 | +€6,901 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €23,791 | €24,258 | +€466 | +2.0% |
| Trade debts | 44 | €32,489 | €29,533 | -€2,956 | -9.1% |
| Suppliers | 440/4 | €32,489 | €29,533 | -€2,956 | -9.1% |
| Taxes, remuneration and social security | 45 | €50,697 | €62,299 | +€11,603 | +22.9% |
| Taxes | 450/3 | €38,117 | €51,141 | +€13,024 | +34.2% |
| Remuneration and social security | 454/9 | €12,580 | €11,158 | -€1,421 | -11.3% |
| Other amounts payable | 47/48 | €2,212 | €0 | -€2,212 | -100.0% |
| Remuneration, social security and pensions | 62 | €98,380 | €102,670 | +€4,290 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,764 | €51,419 | -€345 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,927 | +€11,927 | |
| Other operating charges | 640/8 | €8,323 | €11,598 | +€3,275 | +39.3% |
| Gross operating margin | 9900 | €268,962 | €335,472 | +€66,510 | +24.7% |
| Operating profit (loss) | 9901 | €110,495 | €157,858 | +€47,363 | +42.9% |
| Financial income | 75/76B | €184 | €2,642 | +€2,458 | +1339.4% |
| Recurring financial income | 75 | €184 | €2,642 | +€2,458 | +1339.4% |
| Financial charges | 65/66B | €6,005 | €5,004 | -€1,001 | -16.7% |
| Recurring financial charges | 65 | €6,005 | €5,004 | -€1,001 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €104,673 | €155,495 | +€50,822 | +48.6% |
| Income taxes | 67/77 | €32,974 | €47,698 | +€14,724 | +44.7% |
| Profit (loss) for the period | 9904 | €71,699 | €107,797 | +€36,098 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,699 | €107,797 | +€36,098 | +50.3% |
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 12 October 2026 via checked.be.