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
- Tangible fixed assets -€16,637
down €16,637 (-25.0%), from €66,678 to €50,041
of which Furniture and vehicles: -€11,954
- Cash +€14,876
up €14,876 (+24.6%), from €60,571 to €75,448
mainly Depreciation (+€17,176) and Other debts (+€5,471)
- Deferred charges and accrued income +€1,772
up €1,772 (+171%), from €1,036 to €2,808
- Debts after one year -€7,291
down €7,291 (-53.7%), from €13,571 to €6,280
- Other debts +€5,471
up €5,471 (+24.6%), from €22,222 to €27,692
- Reserves +€1,516
up €1,516 (+2.0%), from €77,032 to €78,548
of which Distributable reserves: +€1,516
- Gross operating margin -€4,411
down €4,411 (-10.3%), from €42,992 to €38,581
- Depreciation +€3,031
up €3,031 (+21.4%), from €14,145 to €17,176
- Financial income -€1,471
down €1,471 (-89.1%), from €1,651 to €180
- Taxes -€534
down €534 (-37.2%), from €1,433 to €900
- Financial charges -€454
down €454 (-25.4%), from €1,790 to €1,336
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.
Derived cash bridge
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 | €132,870 | €133,819 | +€949 | +0.7% |
| Fixed assets | 21/28 | €66,678 | €50,041 | -€16,637 | -25.0% |
| Tangible fixed assets | 22/27 | €66,678 | €50,041 | -€16,637 | -25.0% |
| Plant, machinery and equipment | 23 | €7,857 | €5,731 | -€2,125 | -27.1% |
| Furniture and vehicles | 24 | €51,236 | €39,282 | -€11,954 | -23.3% |
| Other tangible fixed assets | 26 | €7,585 | €5,028 | -€2,557 | -33.7% |
| Current assets | 29/58 | €66,192 | €83,778 | +€17,586 | +26.6% |
| Stocks and contracts in progress | 3 | €2,950 | €2,865 | -€86 | -2.9% |
| Stocks | 30/36 | €2,950 | €2,865 | -€86 | -2.9% |
| Amounts receivable within one year | 40/41 | €1,634 | €2,658 | +€1,024 | +62.6% |
| Trade receivables | 40 | €55 | €671 | +€615 | +1,112% |
| Other amounts receivable | 41 | €1,579 | €1,987 | +€408 | +25.9% |
| Cash at bank and in hand | 54/58 | €60,571 | €75,448 | +€14,876 | +24.6% |
| Deferred charges and accrued income | 490/1 | €1,036 | €2,808 | +€1,772 | +171% |
| Total equity and liabilities | 10/49 | €132,870 | €133,819 | +€949 | +0.7% |
| Equity | 10/15 | €86,732 | €88,248 | +€1,516 | +1.7% |
| Contributions | 10/11 | €9,700 | €9,700 | = | 0.0% |
| Reserves | 13 | €77,032 | €78,548 | +€1,516 | +2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,172 | €76,688 | +€1,516 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €46,138 | €45,571 | -€567 | -1.2% |
| Amounts payable after more than one year | 17 | €13,571 | €6,280 | -€7,291 | -53.7% |
| Financial debts | 170/4 | €13,571 | €6,280 | -€7,291 | -53.7% |
| Amounts payable within one year | 42/48 | €32,537 | €39,071 | +€6,534 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €7,033 | €7,291 | +€258 | +3.7% |
| Trade debts | 44 | €2,752 | €2,665 | -€87 | -3.2% |
| Suppliers | 440/4 | €2,752 | €2,665 | -€87 | -3.2% |
| Taxes, remuneration and social security | 45 | €530 | €1,422 | +€892 | +168% |
| Taxes | 450/3 | €239 | €1,038 | +€799 | +334% |
| Remuneration and social security | 454/9 | €291 | €384 | +€93 | +32.1% |
| Other amounts payable | 47/48 | €22,222 | €27,692 | +€5,471 | +24.6% |
| Accrued charges and deferred income | 492/3 | €30 | €220 | +€190 | +627% |
| Non-recurring operating income | 76A | €0 | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | €16,023 | €16,153 | +€130 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,145 | €17,176 | +€3,031 | +21.4% |
| Other operating charges | 640/8 | €1,629 | €1,679 | +€50 | +3.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €42,992 | €38,581 | -€4,411 | -10.3% |
| Operating profit (loss) | 9901 | €11,194 | €3,572 | -€7,621 | -68.1% |
| Financial income | 75/76B | €1,651 | €180 | -€1,471 | -89.1% |
| Recurring financial income | 75 | €1,651 | €180 | -€1,471 | -89.1% |
| Financial charges | 65/66B | €1,790 | €1,336 | -€454 | -25.4% |
| Recurring financial charges | 65 | €1,790 | €1,336 | -€454 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €11,054 | €2,416 | -€8,638 | -78.1% |
| Income taxes | 67/77 | €1,433 | €900 | -€534 | -37.2% |
| Profit (loss) for the period | 9904 | €9,621 | €1,516 | -€8,105 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,621 | €1,516 | -€8,105 | -84.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.