Net Assets and Financial Position of BASF SE
The content of this section is not part of the statutory audit of the annual financial statements but has undergone a separate limited assurance by our auditor.
The content of this section is voluntary, unaudited information, which was critically read by the auditor.
Net Assets
Million € |
December 31, 2025 |
December 31, 2024 |
|---|---|---|
Intangible assets |
766 |
947 |
Property, plant and equipment |
3,382 |
3,341 |
Financial assets |
27,465 |
27,326 |
Fixed assets |
31,613 |
31,614 |
Inventories |
3,155 |
2,940 |
Accounts receivable, trade |
798 |
862 |
Receivables from affiliated companies |
16,367 |
16,612 |
Miscellaneous receivables and other assets |
625 |
702 |
Receivables and other assets |
17,790 |
18,176 |
Cash and cash equivalents |
1,073 |
1,112 |
Current assets |
22,018 |
22,228 |
Prepaid expenses |
139 |
159 |
Deferred tax assets |
– |
– |
Total assets |
53,770 |
54,001 |
Total assets declined by €231 million compared with December 31, 2024, to €53,770 million.
Fixed assets remained at the previous year's level. Intangible assets declined by €181 million. Amortization was higher than investments in the fiscal year. Property, plant and equipment increased by €41 million, with investments slightly higher than depreciation. Impairments amounted to €56 million and write-ups to €42 million in the fiscal year. Financial assets increased by €139 million.
Current assets and other assets decreased by €230 million. Receivables from affiliated companies declined by €245 million due in particular to the repayment of financial investments within the Group, which were offset by higher profit transfers. In addition, trade accounts receivable declined by €64 million and other assets declined by €77 million. Cash and cash equivalents decreased by €39 million and consisted of cash at banks and on hand as of December 31, 2025. By contrast, inventories increased by €215 million, mainly due to a change in accounting and valuation methods.
Financial Position
Million € |
December 31, 2025 |
December 31, 2024 |
|---|---|---|
Subscribed capital |
1,142 |
1,142 |
Treasury shares |
–10 |
– |
Issued capital |
1,132 |
1,142 |
Capital reserve |
3,172 |
3,172 |
Retained earnings |
16,895 |
16,544 |
Retained profits |
2,665 |
2,704 |
Equity |
23,864 |
23,562 |
Special reserves |
47 |
49 |
Provisions for pensions and similar obligations |
708 |
529 |
Provisions for taxes |
339 |
201 |
Other provisions |
1,761 |
1,390 |
Provisions |
2,808 |
2,120 |
Financial indebtedness |
15,238 |
17,547 |
Accounts payable, trade |
810 |
1,044 |
Liabilities to affiliated companies |
10,003 |
8,760 |
Miscellaneous liabilities |
774 |
683 |
Liabilities |
26,825 |
28,034 |
Deferred income |
226 |
236 |
Total equity and liabilities |
53,770 |
54,001 |
Equity increased by €302 million. The net income of €2,665 million was offset by the dividends of €2,008 million paid for the 2024 business year, and share buybacks amounting to €355 million. The corresponding disclosures pursuant to section 160(1) no. 2 of the German Stock Corporation Act (AktG) are contained in Note 15 - Subscribed capital of the BASF SE Annual Financial Statements for 2025.
Provisions increased by a total of €688 million. This included an increase in provisions for pensions of €179 million to €708 million. This was due to the €415 million decrease in plan assets, mainly due to contractually agreed pension pay-outs. Conversely, pension obligations decreased by €236 million, mainly due to benefits paid and changes to actuarial valuation parameters. Pension obligations in the amount of €6,762 million were offset against pension plan assets totaling €6,054 million. Provisions for taxes rose by €138 million. In addition, other provisions increased by €371 million, mainly due to higher provisions for employee obligations, which increased by €365 million. These include, among other things, €243 million higher provisions for restructuring measures.
Liabilities and other items decreased by a total of €1,219 million. Financial indebtedness decreased by €2,309 million, mainly due to repayments. On the other hand, liabilities to affiliated companies increased by €1,243 million, mainly due to the increase in intragroup borrowings.