German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1798 billion at the end of August 2025, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1501 billion by €297 billion. Compared with the previous month, this is a change of €25 billion.

Financial operations with foreign non-banks are of particular importance here, while those with foreign banks play a secondary role. The first group accounts for 73 % of claims and 85 % of liabilities. At 19 % and 15 % respectively, the share of trade credits in these total figures remains comparatively small.