14. Right-of-use assets

Enexis Groep has recognised right-of-use assets and lease liabilities for leases that qualify as a lease under IFRS 16, with the exception of short-term leases, leases for low-value assets, and agreements that do not meet the IFRS 16 lease criteria.

Right-of-use assets pertain to lease agreements for company and employee cars and property, with depreciation applied over the expected lease term.

Changes in right-of-use assets in 2025 were as follows:

€ Million

Buildings

Lease cars

Total 2025

Cost at 1 January 2025

72

232

304

Accumulated depreciation at 1 January 2025

-47

-146

-193

Carrying amount at 1 January 2025

25

86

111

Additions

20

36

56

Disposals

-20

-91

-111

Depreciation disposals

19

91

110

Depreciation

-6

-31

-37

Carrying amount at 31 December 2025

38

91

129

Accumulated depreciation at 31 December 2025

-34

-86

-120

Cost at 31 December 2025

72

177

249

Changes in right-of-use assets in 2024 were as follows:

€ Million

Buildings

Lease cars

Total 2024

Cost at 1 January 2024

70

180

250

Accumulated depreciation at 1 January 2024

40

120

160

Carrying amount at 1 January 2024

30

60

90

Additions

2

54

56

Disposals

0

-2

-2

Depreciation

-7

-26

-33

Carrying amount at 31 December 2024

25

86

111

Accumulated depreciation at 31 December 2024

47

146

193

Cost at 31 December 2024

72

232

304

For the lease liabilities related to the right-of-use of assets, see note 22 ‘Interest-bearing liabilities (non-current)’ and note 28 ‘Interest-bearing liabilities (current)’.

Lease expenses

Expenses arising from right-of-use assets can be specified as follows:

€ Million

Buildings

Lease cars

Total 2025

Depreciation

6

31

37

Financial expenses

0

2

2

Total

6

33

39