5.6Explanatory Notes to the Balance Sheet
[1] Intangible assets
| Software costs | Works in progress | Total | |
|---|---|---|---|
| Historical costs | |||
| As of 1 Jan 2024 | 93,1 | 14,3 | 107,4 |
| Investments | - | 13,6 | 13,6 |
| Commissioning | 17,1 | -17,1 | - |
| Disposals | -7,1 | - | -7,1 |
| Reclassifications | - | 5,5 | 5,5 |
| Other movements | - | - | - |
| As of 31 December 2024 | 103,1 | 16,3 | 119,4 |
| Accumulated depreciation and devaluations | |||
| As of 1 Jan 2024 | -57,7 | - | -57,7 |
| Depreciations | -10,3 | - | -10,3 |
| Disposals | 7,1 | - | 7,1 |
| Reclassifications | - | - | - |
| Other movements | - | - | - |
| As of 31 December 2024 | -60,9 | 0,0 | -60,9 |
| Net book value | |||
| As of 1 Jan 2024 | 35,4 | 14,3 | 49,7 |
| As of 31 December 2024 | 42,2 | 16,3 | 58,5 |
| Software costs | Works in progress | Total | |
|---|---|---|---|
| Historical costs | |||
| As of 1 Jan 2025 | 103,0 | 16,3 | 119,3 |
| Investments | - | 10,2 | 10,2 |
| Commissioning | 19,6 | -19,6 | - |
| Disposals | -2,9 | - | -2,9 |
| Reclassifications | - | 6,5 | 6,5 |
| Other movements | - | - | - |
| As of 31 Dec 2025 | 119,6 | 13,4 | 133,1 |
| Accumulated depreciation and devaluations | |||
| As of 1 Jan 2025 | -60,8 | - | -60,8 |
| Depreciations | -13,7 | - | -13,7 |
| Disposals | 2,7 | - | 2,7 |
| Reclassifications | - | - | - |
| Other movements | - | - | - |
| As of 31 Dec 2025 | -71,8 | - | -71,8 |
| Net book value | - | ||
| As of 1 Jan 2025 | 42,2 | 16,3 | 58,5 |
| As of 31 Dec 2025 | 47,9 | 13,4 | 61,3 |
Investments in intangible assets relate to development costs incurred to tailor the software to the company’s specific needs and operational requirements. In 2025, €.6.5 million was transferred from works in progress of property, plant and equipment to works in progress of intangible assets as they relate to software and development costs. At the end of 2025, the book value of the ERP system was €23.7 million.
[2] Property, plant and equipment
| Pipes | Company buildings and sites | Machinery and equipment | Official residences | Other fixed assets | Works in progress | Spare parts | Total | |
|---|---|---|---|---|---|---|---|---|
| Historical costs | ||||||||
| As of 1 Jan 2024 | 2.930,2 | 731,1 | 617,3 | 3,5 | 32,0 | 149,1 | 6,7 | 4.469,9 |
| Investments | 124,4 | 1,9 | -0,0 | - | - | 145,7 | 0,1 | 272,0 |
| Commissioning | 25,5 | 27,8 | 49,3 | 0,0 | 4,3 | -106,9 | - | 0,1 |
| Disposals | -7,0 | -3,2 | -4,7 | - | -1,3 | -5,5 | - | -21,6 |
| Reclassifications | - | - | - | - | - | -5,5 | - | -5,5 |
| Other movements | - | - | - | -0,2 | - | - | - | -0,2 |
| As of 31 December 2024 | 3.073,2 | 757,6 | 661,9 | 3,4 | 35,0 | 176,9 | 6,8 | 4.714,7 |
| Accumulated depreciation and devaluations | ||||||||
| As of 1 Jan 2024 | -1.493,0 | -401,1 | -481,1 | - | -21,8 | - | - | -2.397,0 |
| Depreciations | -58,2 | -15,9 | -21,0 | - | -3,8 | - | - | -99,0 |
| Disposals | 5,5 | 2,8 | 3,6 | - | 1,3 | - | - | 13,1 |
| Reclassifications | - | - | - | - | - | - | - | - |
| Other movements | - | -1,1 | 1,1 | - | - | 0,0 | ||
| As of 31 December 2024 | -1.545,8 | -415,4 | -497,4 | - | -24,3 | - | - | -2.482,9 |
| Net book value | ||||||||
| As of 1 Jan 2024 | 1.437,2 | 330,0 | 136,2 | 3,5 | 10,2 | 149,1 | 6,7 | 2.072,8 |
| As of 31 December 2024 | 1.527,4 | 342,3 | 164,5 | 3,4 | 10,7 | 176,9 | 6,8 | 2.231,9 |
| Pipes | Company buildings and sites | Machinery and equipment | Official residences | Other fixed assets | Works in progress | Spare parts | Total | |
| Historical costs | ||||||||
| As of 1 Jan 2025 | 3.073,2 | 756,5 | 663,0 | 3,4 | 35,0 | 176,9 | 6,8 | 4.714,6 |
| Investments | 131,9 | 1,7 | - | - | 0,0 | 197,2 | 0,5 | 331,3 |
| Commissioning | 36,4 | 39,3 | 51,1 | - | 6,3 | -133,1 | - | - |
| Disposals | -7,4 | -1,2 | -1,0 | -0,3 | -0,1 | -1,9 | - | -12,0 |
| Reclassifications | - | - | - | - | - | -6,5 | - | -6,5 |
| Other movements | - | - | - | 0,1 | - | - | 0,1 | |
| As of 31 Dec 2025 | 3.234,0 | 796,3 | 713,1 | 3,1 | 41,2 | 232,5 | 7,3 | 5.027,5 |
| Accumulated depreciation and devaluations | ||||||||
| As of 1 Jan 2025 | -1.545,8 | -414,3 | -498,5 | - | -24,3 | - | - | -2.482,9 |
| Depreciations | -60,5 | -16,0 | -22,9 | - | -4,5 | - | - | -103,9 |
| Disposals | 6,0 | 1,2 | 0,9 | - | 0,1 | - | - | 8,2 |
| Reclassifications | - | - | - | - | - | - | - | - |
| Other movements | - | - | - | - | - | - | - | - |
| As of 31 Dec 2025 | -1.600,3 | -429,1 | -520,5 | - | -28,7 | - | - | -2.578,6 |
| Net book value | ||||||||
| As of 1 Jan 2025 | 1.527,4 | 342,2 | 164,5 | 3,4 | 10,7 | 176,9 | 6,8 | 2.231,7 |
| As of 31 Dec 2025 | 1.633,7 | 367,2 | 192,6 | 3,1 | 12,5 | 232,5 | 7,3 | 2.449,0 |
Allocation of interest costs (IAS 23) is made on the basis of the weighted average interest rate on interest-bearing liabilities (2025: 3.1%; 2024: 3.1%) for projects with a duration of more than 12 months. In 2025, €4.2 million (2024: €2.5 million) in interest expenses was allocated to projects under construction. In 2025, a fair value change of €0.1 million occurred, relating to the revaluation of staff accommodation (2024: €0.2 million).
[3] Assets with right of use
| Fleet | Buildings | Data lines | Other | Total | |
|---|---|---|---|---|---|
| Historical costs | |||||
| As of 1 Jan 2024 | 23,8 | 11,1 | 12,9 | 1,4 | 49,3 |
| New lease contracts | 5,7 | 0,4 | 0,2 | - | 6,3 |
| End of contract | - | - | - | - | - |
| Reclassifications | - | - | - | - | - |
| Other movements | -0,1 | - | - | - | -0,1 |
| As of 31 December 2024 | 29,4 | 11,5 | 13,1 | 1,4 | 55,5 |
| Accumulated depreciation and devaluations | |||||
| As of 1 Jan 2024 | -15,8 | -6,4 | -6,5 | -0,4 | -29,0 |
| Depreciations | -3,1 | -0,9 | -2,7 | -0,1 | -6,7 |
| End of contract | - | - | - | - | - |
| Reclassifications | - | - | - | - | - |
| Other movements | - | - | - | - | - |
| As of 31 December 2024 | -18,8 | -7,3 | -9,1 | -0,5 | -35,7 |
| Net book value | |||||
| As of 1 Jan 2024 | 8,1 | 4,7 | 6,4 | 1,0 | 20,2 |
| As of 31 December 2024 | 10,6 | 4,2 | 4,0 | 0,9 | 19,7 |
| Fleet | Buildings | Data lines | Other | Total | |
|---|---|---|---|---|---|
| Historical costs | |||||
| As of 1 Jan 2025 | 29,4 | 11,5 | 13,1 | 1,4 | 55,5 |
| New lease contracts | 10,2 | 0,2 | - | - | 10,3 |
| End of contract | -11,2 | -3,3 | - | - | -14,5 |
| Reclassifications | - | - | - | - | - |
| Other movements | -0,1 | -0,0 | - | - | -0,1 |
| As of 31 Dec 2025 | 28,2 | 8,3 | 13,1 | 1,4 | 51,2 |
| Accumulated depreciation and devaluations | |||||
| As of 1 Jan 2025 | -18,8 | -7,3 | -9,1 | -0,5 | -35,7 |
| Depreciations | -4,1 | -0,9 | -2,7 | -0,1 | -7,8 |
| End of contract | 11,2 | 3,3 | - | - | 14,5 |
| Reclassifications | - | - | - | - | - |
| Other movements | - | - | - | - | - |
| As of 31 Dec 2025 | -11,8 | -4,9 | -11,8 | -0,6 | -29,1 |
| Net book value | |||||
| As of 1 Jan 2025 | 10,6 | 4,2 | 4,0 | 0,9 | 19,7 |
| As of 31 Dec 2025 | 16,5 | 3,4 | 1,3 | 0,8 | 22,1 |
Lease and rental agreements have been entered into by Vitens for its vehicle fleet and the rental of various premises and commercial buildings. Leases and rentals are accounted for in accordance with IFRS 16. Short-term lease and rentals (< 1 year) / low-value leases and rentals (< €5,000) are included under the NUBBV rental liabilities; see note [13].
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Balance as of 1 January | 18,4 | 17,5 |
| New lease contracts | 10,2 | 6,2 |
| Interest | 0,6 | 0,5 |
| Repayments | -7,0 | -5,8 |
| Balance as of 31 December | 22,2 | 18,4 |
| Current portion of lease liabilities | 6,2 | 5,7 |
| Non-current portion of lease liabilities | 16,0 | 12,7 |
| Total lease liabilities | 22,2 | 18,4 |
The financial risk management section, note [27] presents the distribution per year.
[4] Associates and joint ventures
| as of 31 December 2025 | Location | Importance (in %) |
|---|---|---|
| Associates | ||
| AquaMinerals B.V. | Rijswijk | 18,1% |
| KWH Water B.V. | Nieuwegein | 26,4% |
| Joint ventures | ||
| VEI B.V. | Utrecht | 50% |
| Facturatie B.V. | Utrecht | 50% |
| Associates | Joint ventures | Total | ||||
|---|---|---|---|---|---|---|
| In millions of euros | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| Book value as of 1 January | 3,8 | 3,7 | 2,7 | 2,7 | 6,5 | 6,4 |
| Share of profit | - | 0,1 | - | - | - | 0,1 |
| Received from participations | - | - | - | - | - | - |
| Total changes | - | 0,1 | - | - | - | 0,1 |
| Book value as of 31 December | 3,8 | 3,8 | 2,7 | 2,7 | 6,5 | 6,5 |
[5] Financial assets
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Book value as of 1 January | 16,2 | 19,1 |
| New loans granted | - | - |
| Repayments received on loans | -2,9 | -2,9 |
| Book value as of 31 December | 13,3 | 16,2 |
| Current financial assets | 2,9 | 2,9 |
| Non-current financial assets | 10,4 | 13,3 |
| Total | 13,3 | 16,2 |
The loans granted to Facturatie B.V. of €20.2 million are intended to finance investments related to the implementation of SAP HANA. The loans will be made available for the period from 14 October 2022 to 13 October 2029/14 August 2030. The interest rate charged on the loans is equal to the sum of the applicable 4-year Interest Rate Swap (IRS) at the time of the draw request and the margin. Here, the 4-year IRS has been applied based on the average maturity of the loan. The margin is based on a current estimate of the margin applied by the market for a similar loan to a drinking water company.
Sales to and purchases from related parties are made on terms equivalent to those prevailing in arm's length transactions. Outstanding year-end balances are unsecured and interest-free and settlement is in cash. No guarantees have been given or received by Vitens for receivables or receivables from related parties.
Sales to and purchases from related parties are made on terms equivalent to those prevailing in arm's length transactions. Outstanding year-end balances are unsecured and interest-free and settlement is in cash. No guarantees have been given or received by Vitens for receivables or receivables from related parties.
[6] Trade and other receivables
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Trade receivables | 43,4 | 36,4 |
| Depreciation of debtors | -3,5 | -3,3 |
| Free riders | 0,5 | 0,7 |
| Net trade receivables | 40,5 | 33,8 |
| Taxes and social security contributions | 4,6 | 3,8 |
| Revenue yet to be invoiced | 19,9 | 9,9 |
| Accrued assets | 17,9 | 18,3 |
| Total | 82,8 | 65,8 |
The balance of trade debtors concerns water debtors in the business and consumer market € 26.0 million (2024: €21.8 million) and other non-water debtors € 17.4 million (2024: €14.7 million). The fair value of debtors is equal to the book value. Accrued assets at the end of 2025 amount to € 17.9 million and consist mainly of amounts paid in advance. Unbilled revenue is higher, among other things, due to periods of drought in 2025, which led to higher water consumption than was reflected in customers’ advance payments.
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Balance as of 1 January | 3,3 | 2,2 |
| Withdrawals (write-offs) | -0,7 | |
| Allocation (+) / release (-) | 0,9 | 1,1 |
| Balance as of 31 December | 3,5 | 3,3 |
Water and Non-water debtors
| 2025 | 2024 | |||
|---|---|---|---|---|
| Outstanding balance | incl. depreciation | Outstanding balance | incl. depreciation | |
| 0 - 90 days | 36,6 | 36,4 | 29,6 | 29,3 |
| 91 -180 days | 1,9 | 1,7 | 1,6 | 1,4 |
| 181 - 365 days | 1,9 | 1,5 | 2,3 | 1,8 |
| > 365 days | 2,9 | 0,3 | 2,9 | 0,7 |
| Total | 43,4 | 39,9 | 36,4 | 33,2 |
[7] Equity
| Number of shares | 31-Dec-25 | 31-Dec-24 |
|---|---|---|
| Shares issued | 5.777.247 | 5.777.247 |
| Portfolio at Vitens | - | - |
| Total | 5.777.247 | 5.777.247 |
Share capital
The authorised share capital of Vitens amounts to €18,000,000, divided into 18,000,000 ordinary shares with a par value of €1 per share.
Statement of changes in equity
The authorised share capital of Vitens amounts to €18,000,000, divided into 18,000,000 ordinary shares with a par value of €1 per share. Of these, 5,777,247 shares were issued and fully paid up by the end of 2025.
The share premium reserve relates to a reserve resulting from the incorporation of Vitens in 2001. Per issued share (4,475,439), this amounted to €9 per share (totalling €40.3 million). In 2006, as a result of the merger, 1,887,685 shares were issued and per share €52.80 was added to the share premium reserve (total of €99.7 million). In 2006 and 2007, the shares of Nuon N.V. were purchased through three tranches (total shares 1,615,655). Of these, 619,223 shares were cancelled in 2006 and 175,000 in 2007. Per share, €9 was deducted from the share premium reserve (total €7.1 million). In 2007, part of the shares were sold by Nuon N.V. to municipalities and provinces (total shares 274,935). In 2011, Vitens issued 208,346 shares and per share € 69 was added to the share premium reserve (total of € 14.4 million).
The hedge reserve is for unrealised fair value adjustments of financial instruments due to application of cashflow hedge accounting. This reserve is only for the effective part of a hedge. There was a break in 2021. Of one derivative with a break clause, the contract was terminated as of 1 November 2021. The total amount paid for the settlement of the contract (being negative market value) was €12.0 million. The derivative had a maturity date of 30 June 2043. As long as the underlying interest rate risk has not been eliminated, the balance is recognised over the remaining term to 30 June 2043. In 2025, €0.6 million was recognised from the hedging reserve under financial expenses.
Other reserves refer to a reserve due to accumulated retained earnings.
[8] Interest-bearing loans
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Balance as of 1 January | 1.262,3 | 1.159,5 |
| New loans | 209,6 | 175,0 |
| Repayments | -60,0 | -72,2 |
| Balance as of 31 December | 1.411,9 | 1.262,3 |
Non-current liabilities relate to private and roll-over loans. The fair values of non-current liabilities are shown in note [27]. New loans of €209.6 million were raised in 2025 (2024: €175 million). This amount includes any transaction costs incurred, which are recognised in the income statement over the life of the loans.
| Type of long-term loans | Non-current portion | Current portion | ||
|---|---|---|---|---|
| In millions of euros | 31-Dec-25 | 31-Dec-24 | 31-Dec-25 | 31-Dec-24 |
| Roll-over loans | 70,0 | 145,0 | 75,0 | 60,0 |
| Private loans | 1.239,5 | 1.057,3 | 27,4 | - |
| Total | 1.309,5 | 1.202,3 | 102,4 | 60,0 |
The interest rate on the roll-over loans is fixed between 1-month and 12-month Euribor in each case and fluctuates depending on capital market developments.
Other information on long-term money loans
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Average interest rate in % | 2,88% | 3,08% |
| Repayments < 1 year | 102,4 | 59,9 |
| Repayments > 1 year and < 5 years | 313,4 | 329,7 |
| Repayments > 5 years | 996,1 | 872,7 |
| Total as of 31 December (nominal amount) | 1.411,9 | 1.262,3 |
No collateral (pledge, mortgage, security ownership and the like) has been given in respect of the above loan portfolio. The set bank covenants were achieved in 2025. We refer to note 27 for a detailed account of this.
[9] Equalisation account third-party contributions
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Balance as of 1 January | 179,3 | 161,3 |
| Contributions received in construction | 32,3 | 24,2 |
| depreciation credited to income statement | -7,1 | -6,2 |
| Balance as of 31 December | 204,5 | 179,3 |
| Current portion of equalisation account | 7,5 | 6,6 |
| Non-current portion of equalisation account | 197,0 | 172,7 |
| Total | 204,5 | 179,3 |
Vitens applies IFRS 15 (Revenue from Contracts with Customers) for the contributions Vitens receives from third parties for the construction of connection lines. The depreciation period is 331/3 years and is equivalent to the depreciation period of investment in connection lines.
[10] Derivatives
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Financial instruments as of 1 January | 6,8 | 7,6 |
| Change in value of derivatives through comprehensive income | -4,3 | -0,8 |
| Financial instruments as of 31 December | 2,5 | 6,8 |
| Short-term financial instruments (< 1 year) | 1,0 | 0,6 |
| Long-term financial instruments (>1 year) | 1,5 | 6,2 |
| Total | 2,5 | 6,8 |
The market value of derivatives is formed by unrealised fair value adjustments due to changes in yield curves. This means that the interest payable on the derivatives is higher than current market interest rates, creating a negative value in 2025 of €2.5 million (2024: €6.8 million negative). The reason for entering into these derivatives is to counter interest rate risks due to large changes in market interest rates. The related negative value will not be recognised directly by Vitens in the income statement, as the hedge qualifies as effective. IBOR reforming interest rate benchmarks by alternative benchmark rates have no impact on Vitens' hedge relationships and other financial instruments, as there has been no adjustment in Euribor rates yet.
At the end of 2025, Vitens has three interest rate derivatives with a principal amount of €95 million (2024: four interest rate derivatives €145 million) where the floating interest rate on the roll-over loans is fixed for 1 to 16 years. The fair value of these interest rate derivatives at the end of 2025 was negative €2.5 million (2024: negative €6.8 million). Of the derivatives mentioned above, Vitens has 1 interest rate derivative (2025: 0.9 million; 2024: €3.3 million) with a remaining term of 16 years (with a principal amount of €25 million), with a break clause (for both parties) after every 10 years (in 2031). For the derivative, the credit risk (CVA/DVA), which is included in the valuation, is determined up to the break clause and not over the entire maturity.
At the end of 2025, Vitens has three interest rate derivatives with a principal amount of €95 million (2024: four interest rate derivatives €145 million) where the floating interest rate on the roll-over loans is fixed for 1 to 16 years. The fair value of these interest rate derivatives at the end of 2025 was negative €2.5 million (2024: negative €6.8 million). Of the derivatives mentioned above, Vitens has 1 interest rate derivative (2025: 0.9 million; 2024: €3.3 million) with a remaining term of 16 years (with a principal amount of €25 million), with a break clause (for both parties) after every 10 years (in 2031). For the derivative, the credit risk (CVA/DVA), which is included in the valuation, is determined up to the break clause and not over the entire maturity.
[11] Provisions
| In millions of euros | Staff | Drought damage | Other | Total |
|---|---|---|---|---|
| Position as of 1 January 2025 | 1,1 | 3,6 | 1,3 | 6,1 |
| Allocation | 0,8 | 4,0 | 0,1 | 4,9 |
| Change resulting from the accrual/discount rate | - | - | - | - |
| Release | -0,3 | -1,0 | - | -1,3 |
| Withdrawals | -0,5 | -2,7 | - | -3,2 |
| Position as of 31 December 2025 | 1,1 | 4,0 | 1,4 | 6,6 |
| Current portion of other provisions | 0,7 | 3,5 | - | 4,2 |
| Non-current portion of other provisions | 0,5 | 0,5 | 1,4 | 2,4 |
| Total | 1,1 | 4,0 | 1,4 | 6,6 |
Of the non-current portion of employee benefits provisions, €0.2 million (2024: €0.2 million) relates to expected expenses between 1 and 5 years and €0.2 million (2024: €0.2 million) relates to expected expenses after 5 years.
[12] Trade and other payables
| In millions of euros | 31-Dec-25 | 31-Dec-24 |
|---|---|---|
| Trade payables | 92,8 | 89,4 |
| Tax liabilities | 20,8 | 17,9 |
| Interest-bearing liabilities | 0,0 | 35,3 |
| Short-term employee benefits | 43,0 | 39,8 |
| Invoices to be received | 20,1 | 13,5 |
| Accrued liabilities | 21,7 | 16,2 |
| Total | 198,5 | 212,1 |
The fair value of trade and other payables, tax liabilities, invoices to be received and accruals is in line with the nominal value, given the short lead time. Trade payables and tax liabilities are generally settled within 30 days.
The tax liabilities consist mainly of: ground and mains water tax to be paid €13.8 million (2024: €13.4 million) and wage tax and social security contributions to be paid €5.3 million (2024: €4.5 million). Advance water accounts receivable represents the balance of advances and water sales yet to be invoiced. At the end of 2025, the unbilled water revenue is higher than the advance, so the advance water accounts receivable is €0 and a still to be invoiced position is recognised under assets of €19.9 million.
Short-term interest-bearing liabilities, end 2025 amount to €0.0 million (2024: €35.3 million). At year-end 2025, Vitens had a positive cash balance and no interest-bearing liabilities. Cash and cash equivalents are accounted for under current assets.
Short-term employee benefits at the end of 2025 amounted to €43.0 million (2024: €39.8 million) and relate to all obligations for pension contributions payable and accrued holiday entitelments.
The tax liabilities consist mainly of: ground and mains water tax to be paid €13.8 million (2024: €13.4 million) and wage tax and social security contributions to be paid €5.3 million (2024: €4.5 million). Advance water accounts receivable represents the balance of advances and water sales yet to be invoiced. At the end of 2025, the unbilled water revenue is higher than the advance, so the advance water accounts receivable is €0 and a still to be invoiced position is recognised under assets of €19.9 million.
Short-term interest-bearing liabilities, end 2025 amount to €0.0 million (2024: €35.3 million). At year-end 2025, Vitens had a positive cash balance and no interest-bearing liabilities. Cash and cash equivalents are accounted for under current assets.
Short-term employee benefits at the end of 2025 amounted to €43.0 million (2024: €39.8 million) and relate to all obligations for pension contributions payable and accrued holiday entitelments.
Liabilities under energy contracts
| In millions of euros | 31-Dec-25 | 31-Dec-24 |
|---|---|---|
| Within a year | 15,7 | 17,8 |
| Between 1 and 5 years | 21,1 | 19,1 |
| More than 5 years | - | - |
| Total | 36,8 | 36,9 |
Said liabilities are under energy contracts for the production plants and office buildings.
Liabilities under procurement of water
| In millions of euros | 31-Dec-25 | 31-Dec-24 |
|---|---|---|
| Within a year | 4,4 | 4,5 |
| Between 1 and 5 years | 18,6 | 17,6 |
| More than 5 years | 136,3 | 144,6 |
| Total | 159,3 | 166,7 |
Said liabilities are on account of purchase of water for a period extending to 2064.
Liabilities under the Dutch Drinking Water Act (WACC)
| In millions of euros | 31-Dec-25 | 31-Dec-24 |
|---|---|---|
| 2023 | - | - |
| 2024 | 2,7 | 2,7 |
| 2025 | 16,1 | - |
| Total | 18,8 | 2,7 |
Other liabilities
| In millions of euros | 31-Dec-25 | 31-Dec-24 |
|---|---|---|
| Within a year | 12,1 | 12,1 |
| Between 1 and 5 years | 11,0 | 12,3 |
| More than 5 years | - | - |
| Total | 23,1 | 24,4 |
Said liabilities are liabilities under non-lease components, short-term rental obligations, which are not covered by IFRS 16, and liabilities under automation costs, facility costs, financing costs and claims liabilities. In addition, a loan of €40 million was taken out in 2025, to be received in 2026, maturing in 2031 at a fixed interest rate of 3.64%.
Contingent liabilities
Under the standard terms and conditions, Vitens is jointly and severally liable for tax payable by all companies involved in the fiscal unit.