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.
What changed
DE LINDE
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,064
2024 · €21,139-€15,075
Equity
€179,079
2024 · €173,018+€6,061
Cash
€5,994
2024 · €4,296+€1,698
Balance sheet total
€1.1m
2024 · €1.1m-€24,349
Largest movements
Assets
- Tangible fixed assets -€29,427
down €29,427 (-2.7%), from €1.1m to €1.1m
of which Land and buildings: -€29,278
Equity and liabilities
- Other debts -€39,775
down €39,775 (-23.3%), from €170,652 to €130,877
Income statement
- Financial charges +€11,710
up €11,710 (+43.3%), from €27,045 to €38,755
- Depreciation +€7,290
up €7,290 (+15.5%), from €47,137 to €54,427
- Gross operating margin +€6,434
up €6,434 (+6.1%), from €105,017 to €111,451
- Taxes +€4,116
up €4,116 (+185.2%), from €2,223 to €6,339
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.
Result 2024
€21,139
Gross operating margin
+€6,434
Depreciation
-€7,290
Other operating charges
+€782
Other operating items
+€825
Financial charges
-€11,710
Taxes
-€4,116
Result 2025
€6,064
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.
From operations
+€16,109
Investment
-€25,000
Financing
+€10,589
Cash 2024
€4,296
From operations (derived)
+€16,109
Net result for the year
+€6,064
Depreciation
+€54,427
Receivables within one year
-€4,263
Deferred charges and accrued income
+€883
Trade debts
+€1,151
Tax, wage and social debts
-€2,378
Other debts
-€39,775
Investment (derived)
-€25,000
Investment in fixed assets (net)
-€25,000
Financing
+€10,589
Debts after one year
+€317
Current portion of long-term debt
+€10,275
Contributions, distributions and other
-€3
Cash 2025
€5,994
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,137,485 | €1,113,136 | -€24,349 | -2.1% |
| Fixed assets | 21/28 | €1,107,955 | €1,078,528 | -€29,427 | -2.7% |
| Tangible fixed assets | 22/27 | €1,103,191 | €1,073,764 | -€29,427 | -2.7% |
| Land and buildings | 22 | €1,103,042 | €1,073,764 | -€29,278 | -2.7% |
| Furniture and vehicles | 24 | €149 | - | -€149 | |
| Financial fixed assets | 28 | €4,764 | €4,764 | = | 0.0% |
| Current assets | 29/58 | €29,530 | €34,608 | +€5,078 | +17.2% |
| Amounts receivable within one year | 40/41 | €23,289 | €27,552 | +€4,263 | +18.3% |
| Trade receivables | 40 | €23,289 | €27,552 | +€4,263 | +18.3% |
| Cash at bank and in hand | 54/58 | €4,296 | €5,994 | +€1,698 | +39.5% |
| Deferred charges and accrued income | 490/1 | €1,945 | €1,062 | -€883 | -45.4% |
| Total equity and liabilities | 10/49 | €1,137,485 | €1,113,136 | -€24,349 | -2.1% |
| Equity | 10/15 | €173,018 | €179,079 | +€6,061 | +3.5% |
| Contributions | 10/11 | €18,595 | €18,592 | -€3 | 0.0% |
| Reserves | 13 | €154,423 | €160,487 | +€6,064 | +3.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €152,564 | €158,628 | +€6,064 | +4.0% |
| Amounts payable | 17/49 | €964,467 | €934,057 | -€30,410 | -3.2% |
| Amounts payable after more than one year | 17 | €613,084 | €613,401 | +€317 | +0.1% |
| Financial debts | 170/4 | €533,084 | €533,401 | +€317 | +0.1% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €351,383 | €320,656 | -€30,727 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €38,658 | €48,933 | +€10,275 | +26.6% |
| Trade debts | 44 | €128,796 | €129,947 | +€1,151 | +0.9% |
| Suppliers | 440/4 | €128,796 | €129,947 | +€1,151 | +0.9% |
| Taxes, remuneration and social security | 45 | €13,277 | €10,899 | -€2,378 | -17.9% |
| Taxes | 450/3 | €13,277 | €10,899 | -€2,378 | -17.9% |
| Other amounts payable | 47/48 | €170,652 | €130,877 | -€39,775 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,137 | €54,427 | +€7,290 | +15.5% |
| Other operating charges | 640/8 | €6,648 | €5,866 | -€782 | -11.8% |
| Non-recurring operating charges | 66A | €825 | - | -€825 | |
| Gross operating margin | 9900 | €105,017 | €111,451 | +€6,434 | +6.1% |
| Operating profit (loss) | 9901 | €50,407 | €51,158 | +€751 | +1.5% |
| Financial charges | 65/66B | €27,045 | €38,755 | +€11,710 | +43.3% |
| Recurring financial charges | 65 | €27,045 | €38,755 | +€11,710 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €23,362 | €12,403 | -€10,959 | -46.9% |
| Income taxes | 67/77 | €2,223 | €6,339 | +€4,116 | +185.2% |
| Profit (loss) for the period | 9904 | €21,139 | €6,064 | -€15,075 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,139 | €6,064 | -€15,075 | -71.3% |
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 7 October 2026 via checked.be.