a. Financial fixed assets

The Group companies included in this item are listed and referred to in the notes to the consolidated financial statements.

	Group companies	Long-term loans to group companies	Deferred tax assets	Total

Balance value at 1 January 2025	731,454	194,300	42,673	968,427
Capital contribution	11,000	-	-	11,000
Share in results of participating interests	120,887	-	-	120,887
Translation differences of participating interests	-19,265	-	-	-19,265
Other changes	-8	-	-	-8
Book value at 31 December 2025	844,068	194,300	42,673	1,081,041

	Group companies	Long-term loans to group companies	Deferred tax assets	Total

Balance value at 1 January 2024	832,036	194,300	50,048	1,076,384
Capital contribution	130,000	-	-	130,000
Dividend received	-300,000	-	-	-300,000
Share in results of participating interests	76,050	-	-	76,050
Translation differences of participating interests	-6,590	-	-	-6,590
Releases	-	-	-7,375	-7,375
Other changes	-42	-	-	-42
Book value at 31 December 2024	731,454	194,300	42,673	968,427

Long-term loans to Group companies have a maturity per 31 December 2032 (interest of Euribor +1.2%).

The deferred tax assets are recognised for all deductible temporary differences between the valuation for tax and financial reporting purposes, and carryforward losses, to the extent that it is probable that future taxable profit will be available for set-off.

b. Amounts owed by Group companies

As a participant in the Group's in-house banking and cash pooling arrangement, the Company maintains its operational bank accounts within a centrally managed treasury structure.

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