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Home 2025 Annual report 2025 Notes to the consolidated financial statements

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  • Foreword by the Executive Board
  • 2025 in figures
  • 2025 at a glance
  • We are Enexis
    • CO2-eq footprint
    • Value creation
    • Stakeholder dialogue
    • Trends and developments
    • Our strategy in the energy transition
    • Our sustainable strategy
    • The dilemmas of 2025
  • Our results
  • Objectives and performances
  • A future-proof energy system
    • Our partnerships
    • Legislation and regulations in the energy transition
    • Sustainable molecules
    • Faster and more targeted cooperation between Enexis and Roermond
  • Dynamic system management
    • How TU Eindhoven creates capacity through smart electricity use
  • Energy for all customers
    • Encouraging alternative energy consumption
    • Flexibility as the new norm
    • Grid tariffs and tariff model
  • Build, build, build
    • Continued investments in network expansion
    • ‘Contractor Baas Verkley and Enexis well aligned’
  • Innovations
    • ‘Less grid expansion needed thanks to smart use of electricity’
  • Digitalisation
  • Enexis as an employer
    • An Enexis for everyone
    • Recruiting and retaining colleagues
    • Employee well-being
    • Enexis and Groningen accelerate expansion of MV and LV grid
  • Remaining financially sound
    • 2025 financial performance
  • Corporate governance
    • Corporate governance
    • Report of the Supervisory Board
    • Remuneration report
    • Biographies Executive Board members
    • Biographies Supervisory Board members
    • Employee participation in 2025
    • Risk management
    • Board statement
  • Sustainability statement
    • Summary of Sustainability Statement
    • General disclosures
      • Double materiality analysis and impacts, risks, and opportunities
      • Risk management and internal controls for the Sustainability Statement
      • Principles of the Sustainability Statement and Due Diligence Statement
      • Application of ESRS disclosure requirements
    • E1 Climate change
      • Strategy, transition plan, and climate risk analysis
      • Climate mitigation: policy
      • Climate mitigation: Measures and resources in relation to climate change
      • Climate mitigation: Metrics and targets to reduce greenhouse gas emissions
      • Climate change adaptation
      • Energy efficiency and renewable energy
      • Energy consumption and mix
      • Our greenhouse gas emissions (CO2 footprint)
    • EU Taxonomy
      • Calculation of the EU Taxonomy
      • EU Taxonomy tables 2025
    • E5 Resource use and circular economy
      • Inflow of materials
      • Outflow of resources: Reuse
      • Outflow of resources: Waste
      • Outflow of resources: Waste
    • S1 Own workforce
      • Health and safety
      • Training and development
      • Diversity and non-discrimination
      • Key figures employees
    • S2 Workers in the value chain
      • Working on health and safety
    • S3 Affected communities
    • S4 Consumers and end users
      • Access to the grid
      • Access to the grid: Measures
      • Access to the grid: Metrics and targets
      • Contact with our customers
      • Reliable energy grid
      • Affordability of the energy grid
    • G1 Business conduct
      • Policy for business conduct and corporate culture
      • Managing supplier relationships and payment practices
      • Prevention and detection of corruption and bribery
      • Political influence and lobbying
      • Information security
    • Reference table
  • Financial statements 2025
    • Consolidated income statement
    • Consolidated statement of comprehensive income
    • Consolidated balance sheet
    • Consolidated cash flow statement
    • Consolidated statement of changes in equity
  • Explanatory notes to the consolidated financial statements
    • 1. General information
    • 2. Accounting policies
      • 2.1 General
      • 2.2 Amendments to IFRS
      • 2.3 Accounting principles for consolidation
      • 2.4 Valuation principles and accounting policies relating to the determination of the result
    • 3. Segmentation
    • 4. Acquisitions and divestments
  • Notes to the consolidated financial statements
    • 1. Revenue
    • 2. Transmission services and distribution losses
    • 3. Other operating income
    • 4. Employee benefit expenses
    • 5. Depreciation and decommissioning
    • 6. Cost of subcontracted work, materials, and other external expenses
    • 7. Other operating expenses
    • 8. Capitalised expenses of own production
    • 9. Financial income and expenses
    • 10. Non-recurring items
    • 11. Taxes
    • 12. Property, plant, and equipment
    • 13. Intangible fixed assets
    • 14. Right-of-use assets
    • 15. Other financial fixed assets
    • 16. Inventories
    • 17. Receivables
    • 18. Corporate income tax
    • 19. Other financial assets (current)
    • 20. Cash and cash equivalents
    • 21. Equity
    • 22. Interest-bearing liabilities (non-current)
    • 23. Provisions
    • 24. Advance contributions for the installation of grids and connections
    • 25. Deferred taxes
    • 26. Other non-current liabilities
    • 27. Trade and other payables
    • 28. Interest-bearing liabilities (current)
    • 29. Notes to the cash flow statement
    • 30. Financing policy and risks associated with financial instruments
    • 31. Related party disclosures
    • 32. Off-balance sheet commitments and assets
    • 33. Remuneration of the Executive and Supervisory Boards
    • 34. Events after the balance sheet date
  • Company financial statements 2025
    • Company income statement
    • Company balance sheet
  • Explanatory notes to the company financial statements
    • Accounting principles governing the financial reporting
  • Notes to the company financial statements
    • 35. Share in results of group companies
    • 36. Other operating expenses
    • 37. Financial income and expenses
    • 38. Taxes
    • 39. Investments in group companies
    • 40. Other financial fixed assets
    • 41. Receivables
    • 42. Income tax
    • 43. Other financial assets (current)
    • 44. Cash and cash equivalents
    • 45. Equity
    • 46. Deferred taxes
    • 47. Interest-bearing liabilities (long-term)
    • 48. Trade and other payables
    • 49. Interest-bearing liabilities (current)
    • 50. Related party disclosures
    • 51. Remuneration of Executive and Supervisory Boards
    • 52. Associates
    • 53. Profit appropriation
    • 54. Events after the balance sheet date
  • Other information
    • Profit appropriation according to the articles of association
    • Assurance report on the sustainability statement
    • Independent auditor’s report
    • Other non-financial information
    • Further explanation of the KPIs ‘Objectives and performance’
    • Glossary
  • Colophon

1. Revenue

2. Transmission services and distribution losses

3. Other operating income

4. Employee benefit expenses

5. Depreciation and decommissioning

6. Cost of subcontracted work, materials, and other external expenses

7. Other operating expenses

8. Capitalised expenses of own production

9. Financial income and expenses

10. Non-recurring items

11. Taxes

12. Property, plant, and equipment

13. Intangible fixed assets

14. Right-of-use assets

15. Other financial fixed assets

16. Inventories

17. Receivables

18. Corporate income tax

19. Other financial assets (current)

20. Cash and cash equivalents

21. Equity

22. Interest-bearing liabilities (non-current)

23. Provisions

24. Advance contributions for the installation of grids and connections

25. Deferred taxes

26. Other non-current liabilities

27. Trade and other payables

28. Interest-bearing liabilities (current)

29. Notes to the cash flow statement

30. Financing policy and risks associated with financial instruments

31. Related party disclosures

32. Off-balance sheet commitments and assets

33. Remuneration of the Executive and Supervisory Boards

34. Events after the balance sheet date

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