Annual Report 2025

Annual Report 2025

Balance Sheet

(in € million)

Assets

 

Note

 

Dec. 31, 2024

 

Dec. 31, 2025

Intangible assets

 

11

 

888

 

822

Property, plant, and equipment

 

12

 

2,719

 

2,845

Non-current securities

 

16

 

2,466

 

1,845

Other non-current financial assets

 

15

 

151

 

210

Investments accounted for using the equity method

 

15

 

12

 

10

Other non-current assets

 

15

 

9

 

48

Deferred tax assets

 

09

 

325

 

317

Non-current assets

 

 

 

6,570

 

6,097

Inventories

 

13

 

1,612

 

1,609

Trade receivables

 

14

 

1,792

 

1,910

Other current financial assets

 

15

 

137

 

117

Income tax receivables

 

09

 

250

 

303

Other current assets

 

15

 

282

 

260

Current securities

 

16

 

1,159

 

1,260

Cash and cash equivalents

 

17

 

1,207

 

1,200

Non-current assets and disposal groups held for sale

 

15

 

2

 

2

Current assets

 

 

 

6,441

 

6,661

 

 

 

 

13,011

 

12,758

 

 

 

 

 

 

 

Equity and liabilities

 

Note

 

Dec. 31, 2024

 

Dec. 31, 2025

Share capital

 

19

 

248

 

243

Additional paid-in capital

 

22

 

47

 

47

Retained earnings

 

23

 

8,508

 

8,839

Accumulated other comprehensive income

 

24

 

-328

 

-528

Equity attributable to equity holders of Beiersdorf AG

 

 

 

8,475

 

8,601

Non-controlling interests

 

25

 

20

 

17

Equity

 

 

 

8,495

 

8,618

Provisions for pensions and other post-employment benefits

 

27

 

328

 

163

Other non-current provisions

 

28

 

205

 

128

Non-current financial liabilities

 

29

 

152

 

117

Other non-current liabilities

 

28

 

 

36

Deferred tax liabilities

 

09

 

135

 

187

Non-current liabilities

 

 

 

820

 

631

Other current provisions

 

28

 

599

 

546

Income tax liabilities

 

09

 

195

 

167

Trade payables

 

29

 

2,571

 

2,484

Other current financial liabilities

 

29

 

200

 

164

Other current liabilities

 

29

 

131

 

148

Current liabilities

 

 

 

3,696

 

3,509

 

 

 

 

13,011

 

12,758

Due to the choice of numerical format (in € million), there may be deviations from the amounts actually posted or rounding differences in the calculation of subtotals and final totals. In addition, the percentage changes relate to values in € thousand.

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