Annual Report 2025

Change report

Consolidated statement of changes in equity

Consolidated statement of changes in equity

 

 

 

 

Subscribed Capital

 

Reserves

 

Accumulated other comprehensive income (loss)

 

 

 

 

 

 

 

 

Note

 

Number of
ordinary shares
in thousand

 

Amount
€ in thousands

 

Amount
€ in millions

 

Capital
reserve
€ in millions

 

Other
reserves
€ in millions

 

Foreign currency
translation
€ in millions

 

Derivatives
with a
hedging
relationship
€ in millions

 

Pensions
€ in millions

 

Equity
investments
and debt
instruments
and other
changes in
fair value
€ in millions

 

Equity method
investees –
share of comprehensive income
€ in millions

 

Total Fresenius
SE & Co. KGaA
shareholders’
equity
€ in millions

 

Noncontrolling
interests
€ in millions

 

Total
shareholders’
equity
€ in millions

As of December 31, 2023

 

 

 

563,237

 

563,237

 

563

 

4,326

 

14,092

 

313

 

-65

 

-156

 

-31

 

-43

 

18,999

 

652

 

19,651

Dividends paid

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-6

 

-6

Transactions with noncontrolling interests without loss of control

 

30

 

 

 

 

 

 

 

 

 

-285

 

 

 

 

 

 

 

 

 

 

 

-285

 

287

 

2

Noncontrolling interests due to changes in consolidation group

 

2, 30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-47

 

-47

Other changes in equity from investments accounted for using the equity method

 

22

 

 

 

 

 

 

 

-11

 

-62

 

 

 

 

 

 

 

 

 

 

 

-73

 

 

-73

Put option liabilities

 

24, 35

 

 

 

 

 

 

 

 

 

-183

 

 

 

 

 

 

 

 

 

 

 

-183

 

18

 

-165

Reclassification of cumulative gains/losses of equity investments and defined benefit pension plans

 

29, 35

 

 

 

 

 

 

 

 

 

5

 

 

 

 

 

-5

 

 

 

 

 

 

 

Comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

 

 

 

 

 

 

471

 

 

 

 

 

 

 

 

 

 

 

471

 

-175

 

296

Other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives with a hedging relationship

 

32, 35

 

 

 

 

 

 

 

 

 

 

 

 

 

10

 

 

 

 

 

 

 

10

 

 

10

Change of FVOCI equity investments

 

32, 35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-2

 

 

 

-2

 

 

-2

Foreign currency translation

 

32, 35

 

 

 

 

 

 

 

 

 

 

 

423

 

-1

 

-1

 

 

 

 

421

 

19

 

440

Actuarial gains on defined benefit pension plans

 

29, 32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

 

 

 

 

 

11

 

 

11

Equity method investees – share of comprehensive income

 

22, 32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

173

 

173

 

 

173

Comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

471

 

423

 

9

 

10

 

-2

 

173

 

1,084

 

-156

 

928

As of December 31, 2024

 

 

 

563,237

 

563,237

 

563

 

4,315

 

14,038

 

736

 

-56

 

-151

 

-33

 

130

 

19,542

 

748

 

20,290

Dividends paid

 

31

 

 

 

 

 

 

 

 

 

-563

 

 

 

 

 

 

 

 

 

 

 

-563

 

-121

 

-684

Transactions with noncontrolling interests without loss of control

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-2

 

-2

Noncontrolling interests due to changes in consolidation group

 

2, 30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 

3

Other changes in equity from investments accounted for using the equity method

 

22

 

 

 

 

 

 

 

 

 

28

 

 

 

 

 

 

 

 

 

 

 

28

 

 

28

Put option liabilities

 

24, 35

 

 

 

 

 

 

 

 

 

20

 

 

 

 

 

 

 

 

 

 

 

20

 

 

20

Reclassification of cumulative gains/losses of equity investments, defined benefit pension plans and share of equity method investees

 

29, 35

 

 

 

 

 

 

 

 

 

-36

 

 

 

 

 

3

 

37

 

-4

 

 

 

Comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

 

 

 

 

 

 

1,264

 

 

 

 

 

 

 

 

 

 

 

1,264

 

70

 

1,334

Other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives with a hedging relationship

 

32, 35

 

 

 

 

 

 

 

 

 

 

 

 

 

-2

 

 

 

 

 

 

 

-2

 

 

-2

Change of FVOCI equity investments

 

32, 35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0

 

 

 

0

 

 

0

Foreign currency translation

 

32, 35

 

 

 

 

 

 

 

 

 

 

 

-826

 

1

 

2

 

 

 

 

-823

 

-35

 

-858

Actuarial gains on defined benefit pension plans

 

29, 32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

53

 

 

 

 

 

53

 

 

53

Other changes in fair value

 

32, 35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 

 

2

 

 

2

Equity method investees – share of comprehensive income

 

22, 32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-417

 

-417

 

 

-417

Comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

1,264

 

-826

 

-1

 

55

 

2

 

-417

 

77

 

35

 

112

As of December 31, 2025

 

 

 

563,237

 

563,237

 

563

 

4,315

 

14,751

 

-90

 

-57

 

-93

 

6

 

-291

 

19,104

 

663

 

19,767

The following notes are an integral part of the consolidated financial statements.