Germany corporate financial accounts
Germany corporate financial accounts detail the quarterly assets and liabilities of non-financial firms.
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| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | Q1-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet (stocks)2 | ||||||||||||||
| Financial assets1 | ||||||||||||||
| Total financial assets7 | 9,068.5 | 9,037.1 | 8,978.4 | 8,920.8 | 8,897.9 | 8,799.9 | 8,830.2 | 8,703.2 | 8,745.1 | 8,601.7 | 8,535.4 | 8,451.2 | 8,422.9 | |
| Currency and deposits3 | 889 | 920.9 | 886.6 | 848.2 | 860.6 | 894.5 | 859.7 | 823.9 | 832.8 | 847.5 | 836.6 | 812.8 | 828.5 | |
| Currency | 5.1 | 6.1 | 5.2 | 5.2 | 5.2 | 6.5 | 5.7 | 5.5 | 5.8 | 6.2 | 6 | 5.9 | 5.9 | |
| Transferable deposits | 579.2 | 608.9 | 578.6 | 554.9 | 551.6 | 580.7 | 547.7 | 522.1 | 518.5 | 550.4 | 542 | 543 | 564.3 | |
| Other deposits3 | 304.7 | 305.9 | 302.7 | 288.1 | 303.8 | 307.4 | 306.3 | 296.3 | 308.5 | 290.9 | 288.7 | 263.9 | 258.3 | |
| Time deposits2 | 294.6 | 295.6 | 291.5 | 276.7 | 292.5 | 296.3 | 295.1 | 285.5 | 298.2 | 280.9 | 279.2 | 254.9 | 249.6 | |
| Short-term time deposits | 273.5 | 274.5 | 269.8 | 255 | 269.2 | 274.4 | 270.8 | 262.2 | 275.4 | 257.3 | 255.2 | 230.4 | 224.4 | |
| Long-term time deposits | 21 | 21.1 | 21.7 | 21.8 | 23.2 | 21.9 | 24.3 | 23.3 | 22.8 | 23.6 | 24 | 24.5 | 25.2 | |
| Savings deposits2 | 3 | 3 | 3.2 | 3.2 | 3.1 | 3 | 3.1 | 3.2 | 3.2 | 3.2 | 3.5 | 3.7 | 4 | |
| Short-term savings deposits | 2.9 | 2.9 | 3.1 | 3.1 | 3 | 2.9 | 3 | 3 | 3 | 3 | 3.3 | 3.5 | 3.8 | |
| Long-term savings deposits | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| Savings certificates | 7.2 | 7.2 | 8.1 | 8.2 | 8.3 | 8 | 8.1 | 7.7 | 7.1 | 6.7 | 6 | 5.3 | 4.7 | |
| Debt securities2 | 69.6 | 67.9 | 69.6 | 66.9 | 65.4 | 66.1 | 70 | 69.5 | 68.1 | 62.1 | 62.2 | 60.4 | 58.6 | |
| Short-term debt securities | 10.6 | 9.8 | 11.6 | 10.3 | 10.6 | 11.9 | 13.8 | 14.4 | 12.7 | 9.8 | 11.1 | 11.2 | 10.4 | |
| Long-term debt securities | 59 | 58.1 | 58 | 56.6 | 54.7 | 54.2 | 56.3 | 55.1 | 55.4 | 52.3 | 51.1 | 49.2 | 48.2 | |
| Loans2 | 1,927.9 | 1,893 | 1,869.1 | 1,857.2 | 1,860 | 1,855.9 | 1,834.8 | 1,823.6 | 1,826.6 | 1,805.9 | 1,763.4 | 1,753.2 | 1,751.9 | |
| Short-term loans | 1,548.7 | 1,516.6 | 1,499.1 | 1,483.9 | 1,488.4 | 1,472.9 | 1,463.1 | 1,468.4 | 1,469.8 | 1,456 | 1,445.5 | 1,440.1 | 1,445.1 | |
| Long-term loans | 379.2 | 376.4 | 370 | 373.3 | 371.6 | 383.1 | 371.7 | 355.2 | 356.8 | 349.8 | 317.9 | 313.1 | 306.8 | |
| Equity and investment fund shares4 | 4,180.4 | 4,207.8 | 4,168.2 | 4,150.3 | 4,112.3 | 4,110.5 | 4,108.5 | 4,070.1 | 4,077.8 | 4,009.8 | 4,010 | 3,982 | 3,928.6 | |
| Listed shares | 350.5 | 380 | 378.9 | 391.2 | 371.1 | 371.4 | 383 | 375.8 | 402.9 | 376.6 | 369.1 | 402.9 | 409.4 | |
| Unlisted shares | 1,044.4 | 1,045.1 | 1,034.9 | 1,022.6 | 1,016.6 | 1,011.3 | 1,002.4 | 994.4 | 1,001.2 | 986.5 | 968.8 | 960.8 | 950 | |
| Other equity | 2,520.1 | 2,509.8 | 2,483.5 | 2,475.3 | 2,466.8 | 2,464.9 | 2,464 | 2,445.9 | 2,424.8 | 2,410.8 | 2,445.9 | 2,392.8 | 2,350.5 | |
| Investment fund shares2 | 265.5 | 272.8 | 270.9 | 261.2 | 257.7 | 262.9 | 259 | 254 | 249 | 235.9 | 226.1 | 225.4 | 218.7 | |
| Money-market fund shares | 15.2 | 13.1 | 12.3 | 11.6 | 13.4 | 11.9 | 7 | 7.1 | 6.4 | 6.9 | 6.8 | 6.1 | 6.5 | |
| Non-MMF investment fund shares | 250.3 | 259.8 | 258.6 | 249.7 | 244.3 | 251 | 252 | 246.9 | 242.6 | 229 | 219.3 | 219.3 | 212.2 | |
| Insurance, pension and standardised guarantee schemes1 | 58 | 54.9 | 54.4 | 55.6 | 57 | 53 | 53.7 | 56.9 | 58.4 | 49.1 | 44.9 | 46.5 | 46 | |
| Non-life insurance technical reserves | 58 | 54.9 | 54.4 | 55.6 | 57 | 53 | 53.7 | 56.9 | 58.4 | 49.1 | 44.9 | 46.5 | 46 | |
| Financial derivatives and employee stock options1 | 25.8 | 25.8 | 26 | 30.6 | 29.7 | 35.8 | 27.5 | 35.3 | 35.2 | 33.7 | 44.8 | 57.1 | 64.9 | |
| Financial derivatives | 25.8 | 25.8 | 26 | 30.6 | 29.7 | 35.8 | 27.5 | 35.3 | 35.2 | 33.7 | 44.8 | 57.1 | 64.9 | |
| Other accounts receivable/payable2 | 1,917.9 | 1,866.9 | 1,904.5 | 1,912 | 1,913 | 1,784.1 | 1,876.1 | 1,823.7 | 1,846.1 | 1,793.7 | 1,773.5 | 1,739.4 | 1,744.4 | |
| Trade credits and advances | 1,516 | 1,493.8 | 1,486.3 | 1,483.8 | 1,487.8 | 1,470.6 | 1,465.2 | 1,458.5 | 1,451.9 | 1,438.5 | 1,431.7 | 1,430 | 1,432.1 | |
| Other accounts receivable/payable, excluding trade credits and advances | 402 | 373 | 418.2 | 428.1 | 425.1 | 313.6 | 410.9 | 365.3 | 394.2 | 355.1 | 341.8 | 309.4 | 312.3 | |
| Liabilities2 | ||||||||||||||
| Total liabilities6 | 12,033 | 12,153.9 | 12,018.4 | 12,043.7 | 11,851.7 | 11,653.4 | 11,658.5 | 11,501.8 | 11,504.4 | 11,335.1 | 11,220.1 | 11,232.4 | 11,137.5 | |
| Debt securities2 | 301.1 | 304.8 | 304 | 308.5 | 292.2 | 259 | 259.1 | 254.7 | 247 | 239.7 | 234.8 | 234.8 | 231.2 | |
| Short-term debt securities | 5.4 | 3.3 | 4.8 | 6.9 | 5.5 | 4.9 | 7.4 | 8.7 | 5.6 | 4.5 | 7.5 | 8.4 | 9.1 | |
| Long-term debt securities | 295.8 | 301.5 | 299.2 | 301.7 | 286.7 | 254.1 | 251.7 | 246 | 241.4 | 235.2 | 227.3 | 226.4 | 222.1 | |
| Loans2 | 3,675.1 | 3,628.8 | 3,626.6 | 3,606.8 | 3,591.2 | 3,557.1 | 3,563.4 | 3,543 | 3,529 | 3,515.7 | 3,502.8 | 3,502.9 | 3,486.1 | |
| Short-term loans | 1,829.2 | 1,794.2 | 1,799.2 | 1,787.9 | 1,779 | 1,745.4 | 1,763.5 | 1,763 | 1,752.1 | 1,747.9 | 1,759.5 | 1,766.1 | 1,766 | |
| Long-term loans | 1,845.9 | 1,834.7 | 1,827.4 | 1,818.9 | 1,812.1 | 1,811.6 | 1,799.8 | 1,780 | 1,776.8 | 1,767.8 | 1,743.2 | 1,736.8 | 1,720.1 | |
| Equity and investment fund shares3 | 5,693.5 | 5,859.8 | 5,781.6 | 5,830.5 | 5,709.3 | 5,563.2 | 5,575.3 | 5,497.3 | 5,532.8 | 5,379.3 | 5,272.7 | 5,323.3 | 5,263.6 | |
| Listed shares | 1,970.5 | 2,085.8 | 2,023.1 | 2,086.3 | 1,978.1 | 1,864.4 | 1,868.4 | 1,806.9 | 1,881.1 | 1,758.7 | 1,688.9 | 1,797.8 | 1,797 | |
| Unlisted shares | 451.6 | 479.2 | 474.9 | 471.2 | 468 | 465 | 461.5 | 457.5 | 453 | 448.9 | 440 | 430.9 | 421.6 | |
| Other equity | 3,271.5 | 3,294.8 | 3,283.5 | 3,272.9 | 3,263.2 | 3,233.7 | 3,245.4 | 3,232.9 | 3,198.8 | 3,171.7 | 3,143.8 | 3,094.6 | 3,044.9 | |
| Insurance, pension and standardised guarantee schemes1 | 363.2 | 360.9 | 358.5 | 356.2 | 353.9 | 351.5 | 349.1 | 346.7 | 344.3 | 341.8 | 339.6 | 337.4 | 335.2 | |
| Pension entitlements, Claims of pension funds on pension managers and Provisions for calls under standardised guarantees | 363.2 | 360.9 | 358.5 | 356.2 | 353.9 | 351.5 | 349.1 | 346.7 | 344.3 | 341.8 | 339.6 | 337.4 | 335.2 | |
| Financial derivatives and employee stock options1 | 0.2 | 6.4 | 10.8 | 22.7 | 14 | 19.9 | 23.3 | 18.4 | 29.3 | 34.3 | 17.2 | 41.4 | 45.9 | |
| Financial derivatives | 0.2 | 6.4 | 10.8 | 22.7 | 14 | 19.9 | 23.3 | 18.4 | 29.3 | 34.3 | 17.2 | 41.4 | 45.9 | |
| Other accounts receivable/payable2 | 1,999.7 | 1,993.2 | 1,937 | 1,919 | 1,891.2 | 1,902.7 | 1,888.4 | 1,841.6 | 1,822.1 | 1,824.2 | 1,853 | 1,792.6 | 1,775.7 | |
| Trade credits and advances | 1,430.5 | 1,418.8 | 1,411.5 | 1,404.2 | 1,399.8 | 1,393.8 | 1,377.4 | 1,373 | 1,363.4 | 1,349.6 | 1,344.4 | 1,339.7 | 1,329.9 | |
| Other accounts receivable/payable, excluding trade credits and advances | 569.2 | 574.3 | 525.4 | 514.8 | 491.4 | 508.9 | 510.9 | 468.6 | 458.6 | 474.6 | 508.6 | 452.9 | 445.7 | |
| Debt | 67.4 | 67.2 | 68.3 | 68.6 | 68.4 | 67.4 | 68.2 | 67.9 | 67.8 | 67.8 | 68 | 68.9 | 69.2 | |
| Transactions (flows)2 | ||||||||||||||
| Financial assets1 | ||||||||||||||
| Total financial assets7 | 24.6 | -6.4 | 42.6 | 12.8 | 130.3 | -83.5 | 107.8 | -29 | 132.9 | 96.3 | 5.2 | 10.2 | 69.8 | |
| Currency and deposits3 | -29.3 | 36.1 | 38.5 | -11.7 | -34 | 36.9 | 36 | -8.9 | -14.4 | 11.7 | 23.9 | -13.2 | -23.7 | |
| Currency | -1 | 0.9 | 0 | 0.1 | -1.3 | 0.8 | 0.2 | -0.3 | -0.4 | 0.2 | 0.1 | -0.1 | -0.7 | |
| Transferable deposits | -27.9 | 31.1 | 23.8 | 3.2 | -29 | 33.5 | 25.6 | 3.7 | -31.6 | 9.8 | -1 | -18.8 | -37.8 | |
| Other deposits3 | -0.4 | 4.1 | 14.7 | -15 | -3.6 | 2.6 | 10.2 | -12.3 | 17.5 | 1.7 | 24.8 | 5.7 | 14.8 | |
| Time deposits2 | -0.3 | 4.4 | 14.8 | -15 | -3.9 | 2.7 | 9.8 | -12.9 | 17.3 | 1.2 | 24.3 | 5.3 | 14.4 | |
| Short-term time deposits | -0.4 | 5.1 | 14.9 | -13.8 | -5 | 3.6 | 8.8 | -13.3 | 18.1 | 2.4 | 24.9 | 6 | 14.6 | |
| Long-term time deposits | 0.1 | -0.7 | -0.1 | -1.2 | 1.1 | -0.9 | 1 | 0.4 | -0.8 | -1.2 | -0.5 | -0.7 | -0.2 | |
| Savings deposits2 | 0 | -0.2 | 0 | 0.1 | 0 | -0.1 | 0 | 0 | -0.1 | -0.3 | -0.2 | -0.3 | -0.3 | |
| Short-term savings deposits | 0 | -0.2 | 0 | 0.1 | 0 | -0.1 | 0 | 0 | -0.1 | -0.3 | -0.2 | -0.2 | -0.3 | |
| Long-term savings deposits | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Savings certificates | 0 | -0.2 | -0.1 | -0.1 | 0.2 | 0.1 | 0.4 | 0.6 | 0.4 | 0.8 | 0.7 | 0.7 | 0.6 | |
| Debt securities2 | 2 | -2 | 2.2 | 1 | -0.9 | -4.4 | -0.4 | 1.3 | 5.7 | -1.2 | 1.7 | 1.9 | 4.2 | |
| Short-term debt securities | 0.6 | -1.8 | 1.3 | -0.4 | -1.3 | -1.9 | -0.7 | 1.6 | 2.5 | -1.3 | -0.1 | 1.1 | 2 | |
| Long-term debt securities | 1.3 | -0.1 | 0.9 | 1.4 | 0.5 | -2.6 | 0.3 | -0.3 | 3.2 | 0.1 | 1.8 | 0.8 | 2.2 | |
| Loans2 | 32.7 | 23.6 | 12.1 | 1.7 | 6.3 | 17.2 | 13.3 | -3.6 | 20.1 | 44.7 | 8.8 | 1.9 | 19.1 | |
| Short-term loans | 27.6 | 17.2 | 15.3 | -0.8 | 17.1 | 6.8 | -3.9 | -1.9 | 13.4 | 11.4 | 4.4 | -4.3 | 8.8 | |
| Long-term loans | 5.1 | 6.4 | -3.2 | 2.5 | -10.8 | 10.3 | 17.1 | -1.6 | 6.6 | 33.4 | 4.4 | 6.2 | 10.3 | |
| Equity and investment fund shares4 | 1.3 | 9.2 | 14.7 | 52.4 | 25.7 | -11.8 | 26.1 | 31.2 | 37.5 | 31.3 | 25.9 | 29.9 | 16.6 | |
| Listed shares | -0.8 | -14 | -8.9 | 7 | -5.5 | -10.8 | 1.9 | -0.2 | 2.7 | -10.8 | -9.4 | -4.5 | -32.7 | |
| Unlisted shares | -6.7 | 0.4 | 5.8 | 21.6 | 12.5 | -5.1 | 10.3 | 8.3 | 12.8 | 12.4 | 1.6 | 12.5 | 21.7 | |
| Other equity | 12.8 | 24.4 | 14.7 | 23.6 | 14.5 | 7.3 | 12.9 | 20.1 | 16.5 | 30.3 | 32.3 | 19.6 | 26.7 | |
| Investment fund shares2 | -4.1 | -1.5 | 3 | 0.2 | 4.2 | -3.2 | 1 | 3 | 5.5 | -0.6 | 1.3 | 2.3 | 0.8 | |
| Money-market fund shares | 2.1 | 0.7 | 0.7 | -1.8 | 1.4 | 1.4 | -0.2 | 0.7 | -0.5 | 0 | 0.6 | -0.4 | -0.8 | |
| Non-MMF investment fund shares | -6.2 | -2.2 | 2.4 | 2 | 2.8 | -4.6 | 1.1 | 2.3 | 6 | -0.6 | 0.7 | 2.7 | 1.6 | |
| Insurance, pension and standardised guarantee schemes1 | 6 | 2.1 | -0.4 | 0 | 6.8 | -0.8 | -2 | -1.7 | 10.2 | 2 | -0.5 | 0.2 | 7.7 | |
| Non-life insurance technical reserves | 6 | 2.1 | -0.4 | 0 | 6.8 | -0.8 | -2 | -1.7 | 10.2 | 2 | -0.5 | 0.2 | 7.6 | |
| Financial derivatives and employee stock options1 | 0.1 | 1.6 | 2 | 2.7 | -1 | -1 | 4.8 | 5.1 | 2.9 | 2.5 | 3.3 | 4.9 | -1 | |
| Financial derivatives | 0.1 | 1.6 | 2 | 2.7 | -1 | -1 | 4.8 | 5.1 | 2.9 | 2.5 | 3.3 | 4.9 | -1 | |
| Other accounts receivable/payable2 | 11.8 | -77.1 | -26.5 | -33.3 | 127.4 | -119.5 | 30 | -52.4 | 71 | 5.4 | -57.9 | -15.3 | 47 | |
| Trade credits and advances | 18 | 7 | 3.3 | 1.1 | 19.7 | -0.2 | 9.7 | 7.3 | 11.4 | 6.7 | 0.6 | -1.2 | 32 | |
| Other accounts receivable/payable, excluding trade credits and advances | -6.2 | -84.1 | -29.7 | -34.4 | 107.7 | -119.3 | 20.3 | -59.7 | 59.6 | -1.4 | -58.5 | -14.1 | 15 | |
| Liabilities1 | ||||||||||||||
| Total liabilities6 | 56.3 | 35 | 48.3 | 50.5 | 72.9 | 16.4 | 60.9 | 44.8 | 58.8 | 69.1 | 13.4 | 48.1 | 25.7 | |
| Debt securities2 | 4.9 | 2 | -5.1 | -0.5 | 2.7 | -0.2 | -0.3 | 7.1 | 6.8 | -5 | 1.6 | 2.4 | 1.4 | |
| Short-term debt securities | 2.1 | -1.5 | -2 | 1.3 | 0.7 | -2 | -1.2 | 2.5 | 1 | -3 | -0.8 | -0.7 | -0.2 | |
| Long-term debt securities | 2.8 | 3.5 | -3.1 | -1.8 | 2.1 | 1.8 | 0.9 | 4.6 | 5.8 | -2 | 2.4 | 3.1 | 1.5 | |
| Loans2 | 32.3 | -1.2 | 19.5 | 19.9 | 43.2 | -12.9 | 22.1 | 13.2 | 19.3 | 27 | -2 | 17.4 | 7.3 | |
| Short-term loans | 29.7 | -5.8 | 11.9 | 13.7 | 35.3 | -23.8 | 2 | 10 | 11.6 | -5.9 | -7.9 | 0.4 | -3.4 | |
| Long-term loans | 2.5 | 4.6 | 7.6 | 6.2 | 7.8 | 10.8 | 20.1 | 3.1 | 7.7 | 32.9 | 6 | 17 | 10.7 | |
| Equity and investment fund shares3 | 17.4 | 17.7 | 30.4 | 17 | 17.1 | 14.9 | 16.6 | 18.9 | 22.3 | 8.1 | 19.1 | 15.7 | -1.5 | |
| Listed shares | 0.6 | 1.1 | 13.7 | 0.1 | 0.1 | -1.7 | 0.2 | 2.6 | 3 | -8.2 | 3.7 | 2.3 | -11.8 | |
| Unlisted shares | 2.6 | 2.4 | 2.5 | 2.7 | 2.8 | 3.1 | 2.9 | 2.7 | 2.9 | 2 | 1.7 | 1.2 | 0 | |
| Other equity | 14.2 | 14.2 | 14.2 | 14.2 | 14.2 | 13.5 | 13.6 | 13.6 | 16.4 | 14.3 | 13.6 | 12.2 | 10.3 |
Latest reading
The series on this page is quarterly and runs from Q1 1999 to Q1 2026. Source: Deutsche Bundesbank.
About this data
Germany corporate financial accounts detail the quarterly assets and liabilities of non-financial firms. Data from the Deutsche Bundesbank covers the balance sheet stocks and transaction flows since 1999. The statistics break down total financial assets and liabilities by instrument, including currency and deposits, debt securities, short-term and long-term loans, unlisted shares, and pension entitlements. All corporate balances are published in EUR billion.
Frequently asked questions
- What is the latest figure for Germany corporate financial accounts?
- Total financial assets stood at 9,068.5 EUR billion in Q1 2026. That is +0.3% from Q4 2025 and +1.9% from a year earlier.
- How far back does the Germany corporate financial accounts data go?
- The series on this page is quarterly and runs from Q1 1999 to Q1 2026. Source: Deutsche Bundesbank. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What do the Germany corporate financial accounts measure?
- The Germany corporate financial accounts measure the total financial assets and liabilities held by non-financial corporations. They track both the outstanding balance sheet stocks and the underlying quarterly transaction flows for various financial instruments.
- What financial instruments are included in the German corporate balance sheet?
- The German corporate balance sheet breaks down assets and liabilities into categories such as currency and deposits, short-term and long-term loans, debt securities, unlisted shares, and financial derivatives. It also includes trade credits and pension entitlements.
- What is the difference between stocks and transactions in the corporate financial accounts?
- In the Germany corporate financial accounts, stocks represent the total value of assets or liabilities on the balance sheet at the end of the quarter. Transactions measure the net flows during the quarter, excluding valuation changes and other adjustments.