| Summary statement of financial position | ||
|---|---|---|
| Dec. 31, 2024 | June 30, 2025 | |
| € million | € million | |
| Noncurrent assets | 7,865 | 7,573 |
| Current assets | 5,766 | 5,636 |
| Total assets | 13,631 | 13,209 |
| Equity | 6,679 | 6,171 |
| Noncurrent liabilities | 3,376 | 2,996 |
| Current liabilities | 3,576 | 4,042 |
| Liabilities | 6,952 | 7,038 |
| Total equity and liabilities | 13,631 | 13,209 |
Total assets went down by €422 million as compared with December 31, 2024, to €13,209 million as of June 30, 2025.
Noncurrent assets decreased by €292 million to €7,573 million (December 31, 2024: €7,865 million). This was mainly due to lower property, plant and equipment. At the same time, current assets also declined by €130 million to €5,636 million (December 31, 2024: €5,766 million). This change is largely due to lower inventories. The decrease was partially offset by a rise in trade accounts receivable.
Equity was down by €508 million to €6,171 million, compared with €6,679 million as of December 31, 2024. The drop in equity is mainly attributable to negative effects of exchange differences as well as the net loss after income taxes for the first half of 2025.
Noncurrent liabilities were down €380 million to €2,996 million as of June 30, 2025 (December 31, 2024: €3,376 million). This was predominantly due to a decrease in noncurrent financial debt and in provisions for pensions and other post-employment benefits.
| Net defined benefit liability for post-employment benefit plans | ||
|---|---|---|
| Dec. 31, 2024 | June 30, 2025 | |
| € million | € million | |
| Provisions for pensions and other post-employment benefits | 387 | 285 |
| Net defined benefit asset | (72) | (70) |
| Net defined benefit liability | 315 | 215 |
The net defined benefit liability for post-employment benefits (provisions for pensions and other post-employment benefits less net defined benefit asset) was down by €100 million in the first half of 2025 to €215 million (December 31, 2024: €315 million). This was largely due to actuarial gains attributable to an increase in the discount rate in Germany. It was partly offset by actual losses on plan assets.
Current liabilities were up €466 million to €4,042 million as of the reporting date (December 31, 2024: €3,576 million). The main factor driving this development was an increase in current financial debt. It was set, in particular, against a decline in trade accounts payable.