2. Tangible fixed assets

2. Tangible fixed assets

Land and buildings

Floating and other contracting equipment

Vehicles, fixtures and fittings

Assets under construction

Total

Book value at 1 January 2025

64,698

1,514,663

28,131

428,852

2,036,344

Additions

1,237

1,426

2,170

175,462

180,295

Disposals

-

-5,808

-589

-4,249

-10,645

Transfer to intangible fixed assets

-

-

-

-14,314

-14,314

Assets taken into operation and other changes

5,176

496,548

7,473

-510,194

-996

Depreciation

-3,538

-195,208

-20,685

-

-219,431

Book value at 31 December 2025

67,573

1,811,621

16,500

75,558

1,971,252

Costs

124,700

4,214,533

81,673

75,558

4,496,463

Accumulated depreciation

57,126

2,402,912

65,172

-

2,525,211

Depreciation period in years

8 - 25

4 - 20

5 - 10

Land and buildings

Floating and other contracting equipment

Vehicles, fixtures and fittings

Assets under construction

Total

Book value at 1 January 2024

67,903

1,517,613

25,431

256,467

1,867,414

Additions

19

8,595

2,399

341,194

352,207

Disposals

-

-3,308

-120

-183

-3,611

Assets taken into operation and other changes

444

159,146

9,346

-168,626

310

Depreciation

-3,668

-167,383

-8,925

-

-179,976

Book value at 31 December 2024

64,698

1,514,663

28,131

428,852

2,036,344

Costs

118,698

3,782,491

75,239

428,852

4,405,280

Accumulated depreciation

54,000

2,267,828

47,108

-

2,368,936

Depreciation period in years

8 - 25

4 - 20

5 - 10

Assets under construction are not depreciated. Upon first use, these assets are properly categorised and depreciated in accordance with the accounting policies stated above.

The insured value of tangible fixed assets at year-end 2025 amounted to EUR 4.5 billion (EUR 4.0 billion). As in previous years, the Group assessed whether as per 31 December 2025 there are objective indications that an asset or group of assets may be impaired. No triggers for impairment have been identified.

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3. Financial fixed assets

The impairment of loans reflects the write-down to the lower net realisable value which is anticipated to be recovered. In the consolidated profit and loss account this amount is included in Cost of work.

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