Annual Report 2025

Changes in group of consolidated companies

Fully consolidated companies

In the 2025 reporting year, BLG Industrielogistik GmbH & Co. KG, Bremen, acquired a further 6.64% stake in BLG Logistics of South Africa (Pty) Ltd., Gqeberha, South Africa, bringing its total shareholding to 90.71%.

Companies accounted for using the equity method

The 50% stake in SOI GmbH, Bremen, was accounted for using the equity method for the first time in the 2025 reporting year.

Equity accounting/equity method
Method of accounting for affiliated companies that are not included in the combined financial statements with all assets and liabilities on the basis of full consolidation. In this case, the carrying amount of the investment is increased or reduced by the change in the proportionate equity of the investment. This change is recognized in the parent company’s statement of profit or loss.
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