Other financial fixed assets consist of the following:
|
€ Million |
2025 |
2024 |
|
Loans and receivables |
9 |
8 |
|
Total |
9 |
8 |
Changes in financial fixed assets in 2025 were as follows:
|
€ Million |
Loans granted to staff |
Other loans |
Deposits |
Total 2025 |
|
At 1 January 2025 |
2 |
11 |
0 |
13 |
|
New loans |
0 |
6 |
0 |
6 |
|
Repayments |
0 |
-5 |
0 |
-5 |
|
Increase in deposits |
0 |
0 |
700 |
700 |
|
Decrease in deposits |
0 |
0 |
-450 |
-450 |
|
At 31 December 2025 |
2 |
12 |
250 |
264 |
|
Less: current portion |
0 |
5 |
250 |
255 |
|
Total non-current portion |
2 |
7 |
0 |
9 |
Other financial fixed assets concern loans provided to EDSN B.V. and loans provided to employees in connection with financing arrangements. In 2025, the average weighted effective interest rate amounted to 3.87% (2024: 5.36%).
The interest rate charged on loans included in other financial fixed assets differed from market interest rates at the end of 2025. Due to the limited size, the deviation from market interest rates did not significantly affect fair value.
The agreed interest rate on the loans provided to EDSN B.V. was determined on an 'arm’s length basis at the time these loans were concluded, which resulted in a market interest surcharge in addition to the standard market interest rate.