9. Work in progress

Introduction
- Key figures
- Van Oord in brief
  - Message from the CEO
  - Report by the Supervisory Board
World of Van Oord
Strategy and value creation
Performance
- Financial performance
  - Energy and emissions performance
  - Basis of reporting energy and emissions
Governance
Financial statements
Other information

9. Work in progress

	31 December 2025	31 December 2024
Cost of work in progress, profit recognised, provision for expected losses	6,287,592	5,408,231
Realisable value of work completed	-6,514,856	-5,457,913
Advance payments received	-258,498	-222,763
	-485,762	-272,445

Of which presented as current assets	200,398	211,091
Of which presented as current liabilities	-686,160	-483,536
	-485,762	-272,445

Project revenue recognised in the consolidated profit and loss account totals EUR 2,590 million for 2025 (EUR 2,442 million).

10. Other liabilities

Various other liabilities are mainly related to payroll accruals, such as holiday allowances and bonusses. Accruals and deferred income mainly concern accruals for project cost, but at year-end 2024 also included accruals in relation to investments.

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