Van de Velde NV

Annual Report • Mar 22, 2024

	ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE
	IDENTIFICATION DETAILS (at the filing date)
NAME: Van de Velde NV
1 Legal form :	Public limited company
Address: Lageweg			N°. 4
Postal code: 9260	Town: Wichelen
Country: Belgium
Register of legal persons - commercial court: 2 Website :	Ghent, division Dendermonde
: 2 E-mail address
		Company registration number		0448.746.744
DATE 04-09-2023	the deed of incorporation and of the deed of amendment of the articles of association.	of filing the most recent document mentioning the date of publication of
3 This filing concerns :
the ANNUAL ACCOUNTS in X	4 EURO	approved by the general meeting of		24-04-2024
the OTHER DOCUMENTS X
regarding
	the financial year covering the period from	01-01-2023	to	31-12-2023
	the preceding period of the annual accounts from	01-01-2022	to	31-12-2022
	5 The amounts for the preceding period are / are not	identical to the ones previously published.
Total number of pages filed: because they serve no useful purpose:	58	Numbers of the sections of the standard model form not filed 6.1, 6.2.1, 6.2.2, 6.2.5, 6.3.4, 6.5.2, 6.8, 6.20, 8, 9, 11, 12, 13, 14, 15
	Signature (name and position) Karel Verlinde CommV vast vertegenwoordigd door Karel	Herman Van de Velde NV vast vertegenwoordigd door Herman	Signature (name and position)

Where appropriate, "in liquidation" is stated after the legal form. 1

Optional mention. 2

Verlinde CEO

Van de Velde Voorzitter Raad van Bestuur

³ Tick the appropriate box(es).

If necessary, change to currency in which the amounts are expressed. 4

⁵ Strike out what does not apply.

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS

COMPLETE LIST with surname, first names, profession, place of residence (address, number, postal code and town) and position within the company

HERMAN VAN DE VELDE NV 0460768212

Dendermondsesteenweg 90, 9230 Wetteren, Belgium

Mandate: Chairman of the board of directors, start: 28-04-2021, end: 24-04-2024 Represented by:

Van de Velde Herman 1

Dendermondsesteenweg 90 9230 Wetteren Belgium

FIDIGO NV 0423.115.483

Oudeheerweg-Heide 77, 9250 Waasmunster, Belgium

Mandate: Director, start: 27-04-2022, end: 26-04-2023 Represented by:

• Goeminne Dirk 1
  • Oudeheerweg-Heide 77 9250 Waasmunster Belgium

YJC BV 0652.675.683

Bosveldweg 61, 1180 Uccle, Belgium

Mandate: Director, start: 26-04-2023, end: 24-04-2024 Represented by:

Jansen Yvan 1

Bosveldweg 61 1180 Uccle Belgium

MAVAC BV 0824.965.994

Daalstraat 34, 1852 Beigem, Belgium

Mandate: Director, start: 27-04-2022, end: 30-04-2025 Represented by:

Vaesen Marleen 1

Daalstraat 34 1852 Beigem Belgium

VALSEBA BV 0639.986.994

Albertplein 12, box 53, 8300 Knokke-Heist, Belgium

Mandate: Director, start: 27-04-2022, end: 30-04-2025 Represented by:

Maes Isabelle 1

Albertplein 12 , box 53 8300 Knokke-Heist Belgium

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS (continued from previous page)

Karel Verlinde CommV 0724.565.452

Watermolenweg 24, 9260 Wichelen, Belgium

Mandate: Managing director, start: 26-04-2023, end: 29-04-2026 Represented by:

Verlinde Karel 1

Watermolenweg 24 9260 Wichelen Belgium

Excecutive NV 0455.676.207

Strandjutterslaan 12, box 102-0202, 8670 Koksijde, Belgium

Mandate: Director, start: 26-04-2023, end: 24-04-2024 Represented by:

Goeminne Dirk 1

Bestuurder Strandjutterslaan 12 , box 102-0202 8670 Koksijde Belgium

BVHX BV 0799.712.936

Elizabetlaan 164, 8300 Knokke-Heist, Belgium

Mandate: Director, start: 26-04-2023, end: 29-04-2026 Represented by:

Vanhoorickx Bruno 1

Bestuurder Elizabetlaan 164 8300 Knokke-Heist Belgium

PARCinvest BV 0861.089.685

Struikenlei 9, 2900 Schoten, Belgium

Mandate: Director, start: 26-04-2023, end: 29-04-2026 Represented by:

Salez Christian 1

Bestuurder

Struikenlei 9 2900 Schoten Belgium

LAUREYS LUCAS

Heidebergenpark 20, 9830 Sint-Martens-Latem, Belgium

Mandate: Director, start: 27-04-2022, end: 27-04-2023

LAUREYS BENEDICTE

Berkenlaan 18, 8300 Knokke-Heist, Belgium

Mandate: Director, start: 28-04-2021, end: 24-04-2024

LAUREYS VERONIQUE

Mortelputstraat 37, 9830 Sint-Martens-Latem, Belgium

Mandate: Director, start: 26-04-2023, end: 29-04-2026

VAN DE VELDE GREET

Eenbeekstraat 5, 9070 Destelbergen, Belgium

Mandate: Director, start: 26-04-2023, end: 29-04-2026

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS (continued from previous page)

EY BEDRIJFSREVISOREN BV 0437.476.235

Pauline Van Pottelberghelaan 12, 9051 Sint-Denijs-Westrem, Belgium

Membership number: B160

Mandate: Auditor, start: 27-04-2022, end: 30-04-2025

Represented by:

Boelens Francis 1

Pauline Van Pottelberghelaan 12 9051 Sint-Denijs-Westrem Belgium

, Membership number : B160

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

The managing board declares that not a single audit or correction assignment has been given to a person not authorized to do so by law, pursuant to article 5 of the law of 17 March 2019 concerning the professions of accountant and tax advisor.

The annual accounts were / were not * audited or corrected by a certified accountant or by a company auditor who is not the statutory auditor.

If affirmative, should be mentioned hereafter: surname, first names, profession and address of each certified accountant or company auditor and their membership number at their Institute, as well as the nature of their assignment:

• A. Bookkeeping of the company **,
• B. Preparing the annual accounts **,
• C. Auditing the annual accounts and/or
• D. Correcting the annual accounts.

If the tasks mentioned under A or B are executed by accountants or fiscal accountants, the following information can be mentioned hereafter: surname, first names, profession and address of each accountant or fiscal accountant and their membership number at the Institute of Accountants and Tax advisors, as well as the nature of their assignment.

Surname, first names, profession and address Membership number	Nature of the assignment (A, B, C and/or D)

^* Strike out what does not apply.

^** Optional mention.

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Notes	Codes	Period	Preceding period
ASSETS
FORMATION EXPENSES	6.1	20
FIXED ASSETS		21/28	96.941.772	94.088.697
Intangible fixed assets	6.2	21	8.343.740	9.117.042
Tangible fixed assets	6.3	22/27	18.090.409	14.432.749
Land and buildings		22	12.625.234	10.796.306
Plant, machinery and equipment		23	3.562.056	2.251.930
Furniture and vehicles		24	605.622	784.294
Leasing and other similar rights		25
Other tangible fixed assets		26	56.978	56.978
Assets under construction and advance payments		27	1.240.519	543.241
Financial fixed assets	6.4 / 6.5.1	28	70.507.623	70.538.907
Affiliated Companies	6.15	280/1	58.437.060	58.473.960
Participating interests		280	58.437.060	58.473.960
Amounts receivable		281
Other companies linked by participating interests	6.15	282/3	11.672.061	11.672.061
Participating interests		282	11.672.061	11.672.061
Amounts receivable		283
Other financial fixed assets		284/8	398.502	392.886
Shares		284
Amounts receivable and cash guarantees		285/8	398.502	392.886

	Notes	Codes	Period	Preceding period
CURRENT ASSETS		29/58	129.711.300	139.734.542
Amounts receivable after more than one year		29	1.721.217	1.545.585
Trade debtors		290	114.603	143.992
Other amounts receivable		291	1.606.614	1.401.593
Stocks and contracts in progress		3	49.308.252	56.246.532
Stocks		30/36	49.308.252	56.246.532
Raw materials and consumables		30/31	7.860.324	10.892.370
Work in progress		32	8.914.429	17.776.196
Finished goods		33	32.533.499	27.577.967
Goods purchased for resale		34
Immovable property intended for sale		35
Advance payments		36
Contracts in progress		37
Amounts receivable within one year		40/41	19.371.811	21.546.373
Trade debtors		40	15.796.847	15.424.587
Other amounts receivable		41	3.574.964	6.121.786
Current investments	6.5.1 / 6.6	50/53	47.355.034	29.667.963
Own shares		50	6.595.959	9.667.963
Other investments		51/53	40.759.076	20.000.000
Cash at bank and in hand		54/58	10.313.774	29.595.709
Accruals and deferred income	6.6	490/1	1.641.212	1.132.380
TOTAL ASSETS		20/58	226.653.072	233.823.239

	Notes	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	150.639.135	153.112.758
Contributions	6.7.1	10/11	2.679.596	2.679.596
Capital		10	1.936.174	1.936.174
Issued capital		100	1.936.174	1.936.174
6 Uncalled capital		101
Beyond capital		11	743.423	743.423
Share premium account		1100/10	743.423	743.423
Other		1109/19
Revaluation surpluses		12
Reserves		13	134.574.634	136.966.877
Reserves not available		130/1	6.789.576	9.861.580
Legal reserve		130	193.617	193.617
Reserves not available statutorily		1311
Purchase of own shares		1312	6.595.959	9.667.963
Financial support		1313
Other		1319
Untaxed reserves		132
Available reserves		133	127.785.058	127.105.296
Accumulated profits (losses)	(+)/(-)	14	13.262.833	13.262.833
Capital subsidies		15	122.071	203.452
Advance to shareholders on the distribution of net 7 assets		19
PROVISIONS AND DEFERRED TAXES		16
Provisions for liabilities and charges		160/5
Pensions and similar obligations		160
Taxes		161
Major repairs and maintenance		162
Environmental obligations		163
Other liabilities and charges	6.8	164/5
Deferred taxes		168

Amount to be deducted from the issued capital. 6

Amount to be deducted from the other components of equity. 7

	Notes	Codes	Period	Preceding period
AMOUNTS PAYABLE		17/49	76.013.937	80.710.481
Amounts payable after more than one year	6.9	17
Financial debts		170/4
Subordinated loans		170
Unsubordinated debentures		171
Leasing and other similar obligations		172
Credit institutions		173
Other loans		174
Trade debts		175
Suppliers		1750
Bills of exchange payable		1751
Advance payments on contracts in progress		176
Other amounts payable		178/9
Amounts payable within one year	6.9	42/48	75.783.101	79.893.010
Current portion of amounts payable after more than one year falling due within one year		42
Financial debts		43
Credit institutions		430/8
Other loans		439
Trade debts		44	34.691.331	39.994.835
Suppliers		440/4	34.691.331	39.994.835
Bills of exchange payable		441
Advance payments on contracts in progress		46
Taxes, remuneration and social security	6.9	45	7.630.407	8.002.872
Taxes		450/3	1.246.529	1.225.828
Remuneration and social security		454/9	6.383.878	6.777.043
Other amounts payable		47/48	33.461.363	31.895.303
Accruals and deferred income	6.9	492/3	230.835	817.471
TOTAL LIABILITIES		10/49	226.653.072	233.823.239

Amount to be deducted from the issued capital. 6

Amount to be deducted from the other components of equity. 7

PROFIT AND LOSS ACCOUNT

		Notes	Codes	Period	Preceding period
Operating income			70/76A	203.796.312	221.207.386
Turnover		6.10	70	202.235.742	201.523.268
Stocks of finished goods and work and contracts in progress: increase (decrease)	(+)/(-)		71	-3.911.455	14.359.680
Produced fixed assets			72
Other operating income		6.10	74	5.472.024	5.324.438
Non-recurring operating income		6.12	76A		0
Operating charges			60/66A	175.081.244	191.008.261
Goods for resale, raw materials and consumables			60	31.776.089	42.401.984
Purchases			600/8	29.972.015	42.876.353
Stocks: decrease (increase)	(+)/(-)		609	1.804.074	-474.369
Services and other goods			61	102.250.910	107.221.464
Remuneration, social security and pensions	(+)/(-)	6.10	62	32.923.674	32.017.249
Amortisations of and other amounts written down on formation expenses, intangible and tangible fixed assets			630	6.680.759	6.154.000
Amounts written down on stocks, contracts in progress and trade debtors: additions (write-backs)	(+)/(-)	6.10	631/4	1.188.486	2.923.596
Provisions for liabilities and charges: appropriations (uses and write-backs)	(+)/(-)	6.10	635/8		0
Other operating charges		6.10	640/8	261.325	289.968
Operating charges reported as assets under restructuring costs	(-)		649
Non-recurring operating charges		6.12	66A
Operating profit (loss)	(+)/(-)		9901	28.715.067	30.199.125

	Notes	Codes	Period	Preceding period
Financial income		75/76B	20.279.582	11.576.854
Recurring financial income		75	20.279.582	11.576.854
Income from financial fixed assets		750	16.875.504	7.973.839
Income from current assets		751	958.349	87.430
Other financial income	6.11	752/9	2.445.729	3.515.585
Non-recurring financial income	6.12	76B
Financial charges	6.11	65/66B	7.132.670	7.817.420
Recurring financial charges		65	7.095.770	7.817.420
Debt charges		650	920.734	213.583
Amounts written down on current assets other than stocks, contracts in progress and trade debtors: additions (write-backs)	(+)/(-)	651
Other financial charges		652/9	6.175.036	7.603.837
Non-recurring financial charges	6.12	66B	36.900
Profit (Loss) for the period before taxes	(+)/(-)	9903	41.861.979	33.958.559
Transfer from deferred taxes		780
Transfer to deferred taxes		680
Income taxes on the result	6.13 (+)/(-)	67/77	4.575.591	5.364.869
Taxes		670/3	4.846.571	5.364.869
Adjustment of income taxes and write-back of tax provisions		77	270.980
Profit (Loss) of the period	(+)/(-)	9904	37.286.388	28.593.690
Transfer from untaxed reserves		789
Transfer to untaxed reserves		689
Profit (Loss) of the period available for appropriation	(+)/(-)	9905	37.286.388	28.593.690

N°.	0448.746.744		F-cap 5
-----	--------------	--	---------	--

APPROPRIATION ACCOUNT

		Codes	Period	Preceding period
Profit (Loss) to be appropriated	(+)/(-)	9906	50.549.221	41.856.523
Profit (Loss) of the period available for appropriation	(+)/(-)	(9905)	37.286.388	28.593.690
Profit (Loss) of the preceding period brought forward	(+)/(-)	14P	13.262.833	13.262.833
Transfers from equity		791/2		715.766
from contributions		791
from reserves		792		715.766
Appropriations to equity		691/2	6.535.150
to contributions		691
to legal reserve		6920
to other reserves		6921	6.535.150
Profit (loss) to be carried forward	(+)/(-)	(14)	13.262.833	13.262.833
Shareholders' contribution in respect of losses		794
Profit to be distributed		694/7	30.751.238	29.309.456
Compensation for contributions		694	30.751.238	29.309.456
Directors or managers		695
Employees		696
Other beneficiaries		697

		Codes	Period	Preceding period
CONCESSIONS, PATENTS LICENSES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period		8052P	xxxxxxxxxxxxxxx	53.987.870
Movements during the period
Acquisitions, including produced fixed assets		8022	3.568.977
Sales and disposals		8032
Transfers from one heading to another	(+)/(-)	8042
Acquisition value at the end of the period		8052	57.556.847
Amortisations and amounts written down at the end of the period		8122P	xxxxxxxxxxxxxxx	45.033.229
Movements during the period
Recorded		8072	4.261.078
Written back		8082
Acquisitions from third parties		8092
Cancelled owing to sales and disposals		8102
Transfers from one heading to another	(+)/(-)	8112
Amortisations and amounts written down at the end of the period		8122	49.294.307
NET BOOK VALUE AT THE END OF THE PERIOD		211	8.262.540

		Codes	Period	Preceding period
GOODWILL
Acquisition value at the end of the period		8053P	xxxxxxxxxxxxxxx	2.496.884
Movements during the period
Acquisitions, including produced fixed assets		8023
Sales and disposals		8033
Transfers from one heading to another	(+)/(-)	8043
Acquisition value at the end of the period		8053	2.496.884
Amortisations and amounts written down at the end of the period		8123P	xxxxxxxxxxxxxxx	2.334.484
Movements during the period
Recorded		8073	81.200
Written back		8083
Acquisitions from third parties		8093
Cancelled owing to sales and disposals		8103
Transferred from one heading to another	(+)/(-)	8113
Amortisations and amounts written down at the end of the period		8123	2.415.684
NET BOOK VALUE AT THE END OF THE PERIOD		212	81.200

STATEMENT OF TANGIBLE FIXED ASSETS

		Codes	Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period		8191P	xxxxxxxxxxxxxxx	33.640.696
Movements during the period
Acquisitions, including produced fixed assets		8161	3.050.759
Sales and disposals		8171
Transfers from one heading to another	(+)/(-)	8181
Acquisition value at the end of the period		8191	36.691.455
Revaluation surpluses at the end of the period		8251P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8211
Acquisitions from third parties		8221
Cancelled		8231
Transferred from one heading to another	(+)/(-)	8241
Revaluation surpluses at the end of the period		8251
Amortisations and amounts written down at the end of the period		8321P	xxxxxxxxxxxxxxx	22.844.390
Movements during the period
Recorded		8271	1.221.831
Written back		8281
Acquisitions from third parties		8291
Cancelled owing to sales and disposals		8301
Transferred from one heading to another	(+)/(-)	8311
Amortisations and amounts written down at the end of the period		8321	24.066.221
NET BOOK VALUE AT THE END OF THE PERIOD		(22)	12.625.234

		Codes	Period	Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period		8192P	xxxxxxxxxxxxxxx	37.617.222
Movements during the period
Acquisitions, including produced fixed assets		8162	2.140.753
Sales and disposals		8172
Transfers from one heading to another	(+)/(-)	8182
Acquisition value at the end of the period		8192	39.757.975
Revaluation surpluses at the end of the period		8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8212
Acquisitions from third parties		8222
Cancelled		8232
Transferred from one heading to another	(+)/(-)	8242
Revaluation surpluses at the end of the period		8252
Amortisations and amounts written down at the end of the period		8322P	xxxxxxxxxxxxxxx	35.365.292
Movements during the period
Recorded		8272	830.627
Written back		8282
Acquisitions from third parties		8292
Cancelled owing to sales and disposals		8302
Transferred from one heading to another	(+)/(-)	8312
Amortisations and amounts written down at the end of the period		8322	36.195.919
NET BOOK VALUE AT THE END OF THE PERIOD		(23)	3.562.056

		Codes	Period	Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period		8193P	xxxxxxxxxxxxxxx	5.631.376
Movements during the period
Acquisitions, including produced fixed assets		8163	107.350
Sales and disposals		8173
Transfers from one heading to another	(+)/(-)	8183
Acquisition value at the end of the period		8193	5.738.726
Revaluation surpluses at the end of the period		8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8213
Acquisitions from third parties		8223
Cancelled		8233
Transfers from one heading to another	(+)/(-)	8243
Revaluation surpluses at the end of the period		8253
Amortisations and amounts written down at the end of the period		8323P	xxxxxxxxxxxxxxx	4.847.082
Movements during the period
Recorded		8273	286.023
Written back		8283
Acquisitions from third parties		8293
Cancelled owing to sales and disposals		8303
Transfers from one heading to another	(+)/(-)	8313
Amortisations and amounts written down at the end of the period		8323	5.133.105
NET BOOK VALUE AT THE END OF THE PERIOD		(24)	605.622

		Codes	Period	Preceding period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period		8195P	xxxxxxxxxxxxxxx	76.478
Movements during the period
Acquisitions, including produced fixed assets		8165
Sales and disposals		8175
Transfers from one heading to another	(+)/(-)	8185
Acquisition value at the end of the period		8195	76.478
Revaluation surpluses at the end of the period		8255P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8215
Acquisitions from third parties		8225
Cancelled		8235
Transferred from one heading to another	(+)/(-)	8245
Revaluation surpluses at the end of the period		8255
Amortisations and amounts written down at the end of the period		8325P	xxxxxxxxxxxxxxx	19.500
Movements during the period
Recorded		8275
Written back		8285
Acquisitions from third parties		8295
Cancelled owing to sales and disposals		8305
Transferred from one heading to another	(+)/(-)	8315
Amortisations and amounts written down at the end of the period		8325	19.500
NET BOOK VALUE AT THE END OF THE PERIOD		(26)	56.978

		Codes	Period	Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period		8196P	xxxxxxxxxxxxxxx	543.241
Movements during the period
Acquisitions, including produced fixed assets		8166	697.278
Sales and disposals		8176
Transfers from one heading to another	(+)/(-)	8186
Acquisition value at the end of the period		8196	1.240.519
Revaluation surpluses at the end of the period		8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8216
Acquisitions from third parties		8226
Cancelled		8236
Transferred from one heading to another	(+)/(-)	8246
Revaluation surpluses at the end of the period		8256
Amortisations and amounts written down at the end of the period		8326P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8276
Written back		8286
Acquisitions from third parties		8296
Cancelled owing to sales and disposals		8306
Transferred from one heading to another	(+)/(-)	8316
Amortisations and amounts written down at the end of the period		8326
NET BOOK VALUE AT THE END OF THE PERIOD		(27)	1.240.519

STATEMENT OF FINANCIAL FIXED ASSETS

		Codes	Period	Preceding period
AFFILIATED COMPANIES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period		8391P	xxxxxxxxxxxxxxx	8.349.579
Movements during the period
Acquisitions		8361
Sales and disposals		8371
Transfers from one heading to another	(+)/(-)	8381
Acquisition value at the end of the period		8391	8.349.579
Revaluation surpluses at the end of the period		8451P	xxxxxxxxxxxxxxx	67.148.000
Movements during the period
Recorded		8411
Acquisitions from third parties		8421
Cancelled		8431
Transferred from one heading to another	(+)/(-)	8441
Revaluation surpluses at the end of the period		8451	67.148.000
Amounts written down at the end of the period		8521P	xxxxxxxxxxxxxxx	17.023.619
Movements during the period
Recorded		8471	36.900
Written back		8481
Acquisitions from third parties		8491
Cancelled owing to sales and disposals		8501
Transferred from one heading to another	(+)/(-)	8511
Amounts written down at the end of the period		8521	17.060.519
Uncalled amounts at the end of the period		8551P	xxxxxxxxxxxxxxx
Movements during the period	(+)/(-)	8541
Uncalled amounts at the end of the period		8551
NET BOOK VALUE AT THE END OF THE PERIOD		(280)	58.437.060
AFFILIATED COMPANIES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD		281P	xxxxxxxxxxxxxxx
Movements during the period
Appropriations		8581
Repayments		8591
Amounts written down		8601
Amounts written back		8611
Exchange differences	(+)/(-)	8621
Other movements	(+)/(-)	8631
NET BOOK VALUE AT THE END OF THE PERIOD		(281)
ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD		8651

		Codes	Period	Preceding period
COMPANIES LINKED BY PARTICIPATING INTERESTS - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period		8392P	xxxxxxxxxxxxxxx	26.612.901
Movements during the period
Acquisitions		8362
Sales and disposals		8372
Transfers from one heading to another	(+)/(-)	8382
Acquisition value at the end of the period		8392	26.612.901
Revaluation surpluses at the end of the period		8452P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8412
Acquisitions from third parties		8422
Cancelled		8432
Transferred from one heading to another	(+)/(-)	8442
Revaluation surpluses at the end of the period		8452
Amounts written down at the end of the period		8522P	xxxxxxxxxxxxxxx	14.940.840
Movements during the period
Recorded		8472
Written back		8482
Acquisitions from third parties		8492
Cancelled owing to sales and disposals		8502
Transferred from one heading to another	(+)/(-)	8512
Amounts written down at the end of the period		8522	14.940.840
Uncalled amounts at the end of the period		8552P	xxxxxxxxxxxxxxx
Movements during the period	(+)/(-)	8542
Uncalled amounts at the end of the period		8552
NET BOOK VALUE AT THE END OF THE PERIOD		(282)	11.672.061
COMPANIES LINKED BY PARTICIPATING INTERESTS - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD		283P	xxxxxxxxxxxxxxx
Movements during the period
Appropriations		8582
Repayments		8592
Amounts written down		8602
Amounts written back		8612
Exchange differences	(+)/(-)	8622
Other movements	(+)/(-)	8632
NET BOOK VALUE AT THE END OF THE PERIOD		(283)
ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD		8652

		Codes	Period	Preceding period
OTHER COMPANIES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period		8393P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions		8363
Sales and disposals		8373
Transfers from one heading to another	(+)/(-)	8383
Acquisition value at the end of the period		8393
Revaluation surpluses at the end of the period		8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8413
Acquisitions from third parties		8423
Cancelled		8433
Transferred from one heading to another	(+)/(-)	8443
Revaluation surpluses at the end of the period		8453
Amounts written down at the end of the period		8523P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8473
Written back		8483
Acquisitions from third parties		8493
Cancelled owing to sales and disposals		8503
Transferred from one heading to another	(+)/(-)	8513
Amounts written down at the end of the period		8523
Uncalled amounts at the end of the period		8553P	xxxxxxxxxxxxxxx
Movements during the period	(+)/(-)	8543
Uncalled amounts at the end of the period		8553
NET BOOK VALUE AT THE END OF THE PERIOD		(284)
OTHER COMPANIES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD		285/8P	xxxxxxxxxxxxxxx	392.886
Movements during the period
Appropriations		8583	5.616
Repayments		8593
Amounts written down		8603
Amounts written back		8613
Exchange differences	(+)/(-)	8623
Other movements	(+)/(-)	8633
NET BOOK VALUE AT THE END OF THE PERIOD		(285/8)	398.502
ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD		8653

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

The following list mentions the companies in which the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the companies in which the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.

NAME, full address of the REGISTERED		Rights held				Data extracted from the most recent annual accounts
OFFICE and, for an entity governed by Belgian law, the COMPANY	Directly		Subs idiaries	Annual	Cur	Equity	Net result
REGISTRATION NUMBER	Nature	Number	%	%	accounts as per	rency code		(+) or (-) (in units)
VAN DE VELDE GMBH & CO KG					31-12-2023	EUR	2.692.947	324.236
Foreign company GRABENSTRASSE 24 40213 DUSSELDORF Germany
	Aandeel	100	100,00	0,00
VAN DE VELDE VERWALTUNGS GMBH					31-12-2023	EUR	17.366	-8.203
Foreign company GRABENSTRASSE 24 40213 DUSSELDORF Germany
	Aandeel	1	100,00	0,00
VAN DE VELDE TERMELO ES KERESKEDELMI KFT					31-12-2023	HUF	207.643.649	13.700.195
Foreign company SELYEM U. 4 7100 SZEKSZARD Hungary
	Aandeel	1	100,00	0,00
VAN DE VELDE UK Ltd Foreign company Conduit Street 22/22a , box 1st floor W1S 2XT LONDEN United Kingdom					31-12-2023	GBP	1	0
	Aandeel	1	100,00	0,00
MARIE JO GMBH					31-12-2023	EUR	3.329.733	423.227
Foreign company GRABENSTRASSE 24 40213 DUSSELDORF Germany
	Aandeel	1	100,00	0,00
VAN DE VELDE IBERICA SL Foreign company CALLE SANTA EULALIA 5 08012 BARCELONA Spain					31-12-2023	EUR	6.734.466	373.553
	Aandeel	40.200	100,00	0,00

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

The following list mentions the companies in which the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the companies in which the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.

NAME, full address of the REGISTERED		Rights held			Data extracted from the most recent annual accounts
OFFICE and, for an entity governed by Belgian law, the COMPANY			Directly idiaries		Annual	Cur	Equity	Net result
REGISTRATION NUMBER	Nature	Number	%	%	accounts as per	rency code		(+) or (-) (in units)
VAN DE VELDE NORTH AMERICA INC					31-12-2023	USD	3.256.495	757.120
Foreign company Madison Avenue 1252 NY10128 NEW YORK United States
	Aandeel	100	100,00	0,00
VAN DE VELDE FINLAND OY					31-12-2023	EUR	174.775	14.729
Foreign company Fashion Center, Härkähaankuja 14 01730 VANTAA Finland
	Aandeel	800	100,00	0,00
VAN DE VELDE DENMARK APS					31-12-2023	DKK	7.978.417	82.372
Foreign company LEJRVEJ 8 6330 PADBORG Denmark
	Aandeel	125	100,00	0,00
TOP FORM INTERNATIONAL LIMITED					30-06-2023	HKD	419.822.000	-78.524.000
Foreign company Tseuk Luk Street 33 , box 7/F Port33 SAN PO KONG KOWLOON Hong Kong
RIGBY & PELLER LTD	Aandeel	55.184.708	25,66	0,00
Foreign company Conduit Street 22/22a , box 1st Floor W1S 2XT LONDEN United Kingdom					31-12-2023	GBP	2.706.445	-178.650
		2.175	100,00	0,00
VAN DE VELDE CONFECTION SARL	Aandeel				31-12-2023	TND	54.411.398	50.016.398
Foreign company ROUTE DE SOUSSE 25 4020 KONDAR Tunisia
	Aandeel	5.000	99,98	0,02

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

The following list mentions the companies in which the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the companies in which the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.

NAME, full address of the REGISTERED	Rights held				Data extracted from the most recent annual accounts
OFFICE and, for an entity governed by Belgian law, the COMPANY		Directly		Subs idiaries	Annual	Cur	Equity	Net result
REGISTRATION NUMBER	Nature accounts as per Number % %	rency code		(+) or (-) (in units)
INTIMACY MANAGEMENT COMPANY LLC					31-12-2023	USD	1.983.964	151.154
Foreign company Madison Avenue 1252 NY10128 NEW YORK United States
	Aandeel	1.000	0,00	100,00
VAN DE VELDE RETAIL INC Foreign company Madison Avenue 1252 NY10128 NEW YORK United States					31-12-2023	USD	11.779.827	-67.727
	Aandeel	1.000	100,00	0,00
VAN DE VELDE NEDERLAND BV Foreign company BEETHOVENSTRAAT 28 1077 JH AMSTERDAM Netherlands NL820025367B01					31-12-2023	EUR	3.867.131	244.192
	Aandeel	90.000	100,00	0,00

CURRENT INVESTMENTS AND ACCRUALS AND DEFERRED INCOME

	Codes	Period	Preceding period
CURRENT INVESTMENTS - OTHER INVESTMENTS
Shares and investments other than fixed income investments	51
Shares – Book value increased with the uncalled amount	8681
Shares – Uncalled amount	8682
Precious metals and works of art	8683
Fixed-income securities	52
Fixed income securities issued by credit institutions	8684
Term accounts with credit institutions	53	40.000.000	20.000.000
With a remaining term or notice
up to one month	8686
between one month and one year	8687
over one year	8688	40.000.000	20.000.000
Other investments not mentioned above	8689	759.076

ACCRUALS AND DEFERRED INCOME

Allocation of account 490/1 of assets if the amount is significant

Over te dragen kosten 1.325.938 Verkregen bankintresten 315.273

Period

STATEMENT OF CAPITAL AND SHAREHOLDERS' STURCTURE

Capital

Issued capital at the end of the period Issued capital at the end of the period

Modifications during the period

Composition of the capital Share types

Registered shares

Shares dematerialized

Codes	Period	Preceding period
100P	XXXXXXXXXXXXXX	1.936.174
(100)	1.936.174

	Codes	Period	Number of shares
Modifications during the period
Composition of the capital
gewone aandelen		1.936.174	13.062.417
Registered shares	8702	XXXXXXXXXXXXXX	7.563.892
Shares dematerialized	8703	XXXXXXXXXXXXXX	5.498.525

	Codes	Uncalled amount	Called up amount, unpaid
Unpaid capital
Uncalled capital	(101)		XXXXXXXXXXXXXX
Called up capital, unpaid	8712	XXXXXXXXXXXXXX
Shareholders that still need to pay up in full

	Codes	Period
Own shares
Held by the company itself
Amount of capital held	8721	6.595.959
Number of shares	8722	249.401
Held by a subsidiary
Amount of capital held	8731
Number of shares	8732
Commitments to issuing shares
Owing to the exercise of conversion rights
Amount of outstanding convertible loans	8740
Amount of capital to be subscribed	8741
Corresponding maximum number of shares to be issued	8742
Owing to the exercise of subscription rights
Number of outstanding subscription rights	8745
Amount of capital to be subscribed	8746
Corresponding maximum number of shares to be issued	8747
Authorised capital not issued	8751	1.936.174

0448.746.744 N°.		F-cap 6.7.1
	Codes	Period
Shares issued, non-representing capital
Distribution
Number of shares	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidiaries	8781
		Period
ADDITIONAL NOTES REGARDING CONTRIBUTIONS (INCLUDING CONTRIBUTIONS IN THE FORM OF

SERVICES OR KNOW-HOW)

SHAREHOLDERS' STRUCTURE OF THE COMPANY AT YEAR-END CLOSING DATE

As reflected in the notifications received by the company pursuant to article 7:225 of the Belgian Companies and Associations Code, article 14 fourth paragraph of the law of 2 May 2007 on the publication of major holdings and article 5 of the Royal Decree of 21 August 2008 on further rules for certain multilateral trading facilities.

NAME of the persons who hold rights of the company, together with the ADDRESS (of the registered office, in the case of a legal person) and the COMPANY REGISTRATION NUMBER, in the case of an company governed by Belgian law	Rights held
		Number of voting rights
	Nature	Attached to securities	Not attached to securities	%
Van de Velde Holding
Lageweg 4
9260 Schellebelle
Belgium
0461.297.752
	Op naam	7.496.250	0	57,39

STATEMENT OF AMOUNTS PAYABLE AND ACCRUALS AND DEFERRED INCOME (LIABILITIES)

	Codes	Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL TERM OF MORE THAN ONE YEAR, ACCORDING TO THEIR RESIDUAL MATURITY
Current portion of amounts payable after more than one year falling due within one year
Financial debts	8801
Subordinated loans	8811
Unsubordinated debentures	8821
Leasing and other similar obligations	8831
Credit institutions	8841
Other loans	8851
Trade debts	8861
Suppliers	8871
Bills of exchange payable	8881
Advance payments on contracts in progress	8891
Other amounts payable	8901
Total current portion of amounts payable after more than one year falling due within one year	(42)
Amounts payable with a remaining term of more than one year, yet less than 5 years
Financial debts	8802
Subordinated loans	8812
Unsubordinated debentures	8822
Leasing and other similar obligations	8832
Credit institutions	8842
Other loans	8852
Trade debts	8862
Suppliers	8872
Bills of exchange payable	8882
Advance payments on contracts in progress	8892
Other amounts payable	8902
Total amounts payable with a remaining term of more than one year, yet less than 5 years	8912
Amounts payable with a remaining term of more than 5 years
Financial debts	8803
Subordinated loans	8813
Unsubordinated debentures	8823
Leasing and other similar obligations	8833
Credit institutions	8843
Other loans	8853
Trade debts	8863
Suppliers	8873
Bills of exchange payable	8883
Advance payments on contracts in progress	8893
Other amounts payable	8903
Amounts payable with a remaining term of more than 5 years	8913

	Codes	Period
AMOUNTS PAYABLE GUARANTEED (included in accounts 17 and 42/48 of liabilities)
Amounts payable guaranteed by the Belgian government agencies
Financial debts	8921
Subordinated loans	8931
Unsubordinated debentures	8941
Leasing and other similar obligations	8951
Credit institutions	8961
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable	9001
Advance payments on contracts in progress	9011
Remuneration and social security	9021
Other amounts payable	9051
Total of the amounts payable guaranteed by the Belgian government agencies	9061
Amounts payable guaranteed by real securities given or irrevocably promised by the company on its own assets
Financial debts	8922
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and other similar obligations	8952
Credit institutions	8962
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments on contracts in progress	9012
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real securities given or irrevocably promised by the company on its own assets	9062

	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (headings 450/3 and 178/9 of liabilities)
Outstanding tax debts	9072
Accruing taxes payable	9073	1.246.529
Estimated taxes payable	450
Remuneration and social security (headings 454/9 and 178/9 of liabilities)
Amounts due to the National Social Security Office	9076
Other amounts payable in respect of remuneration and social security	9077	6.383.878

ACCRUALS AND DEFERRED INCOME

Allocation of heading 492/3 of liabilities if the amount is significant

Period

OPERATING RESULTS

	Codes	Period	Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity
omzet dames lingerie en badmode en bijkomende service²		203.796.312	221.207.386
Allocation by geographical market
Eurozone		157.966.931	165.148.438
Niet-eurozone		45.829.381	56.058.948
Other operating income
Operating subsidies and compensatory amounts received from public authorities	740
OPERATING CHARGES
Employees for whom the company submitted a DIMONA declaration or who are recorded in the general personnel register
Total number at the closing date	9086	527	522
Average number of employees calculated in full-time equivalents	9087	479,5	475,7
Number of actual hours worked	9088	639.703	650.445
Personnel costs
Remuneration and direct social benefits	620	23.810.736	22.483.566
Employers' contribution for social security	621	6.884.312	6.524.537
Employers' premiums for extra statutory insurance	622	455.137	801.302
Other personnel costs	623	1.773.489	2.207.843
Retirement and survivors' pensions	624

		Codes	Period	Preceding period
Provisions for pensions and similar obligations
Appropriations (uses and write-backs)	(+)/(-)	635
Depreciations
On stock and contracts in progress
Recorded		9110	1.222.565	3.033.329
Written back		9111
On trade debtors
Recorded		9112
Written back		9113	34.079	109.733
Provisions for liabilities and charges
Appropriations		9115
Uses and write-backs		9116
Other operating charges
Taxes related to operation		640	257.559	289.412
Other		641/8	3.766	557
Hired temporary staff and personnel placed at the company's disposal
Total number at the closing date		9096
Average number calculated in full-time equivalents		9097	16,2	32,7
Number of actual hours worked		9098	31.040	62.778
Costs to the company		617	867.341	1.638.850

FINANCIAL RESULTS

	Codes	Period	Preceding period
RECURRING FINANCIAL INCOME
Other financial income
Subsidies paid by public authorities, added to the profit and loss account
Capital subsidies	9125
Interest subsidies	9126
Allocation of other financial income
Exchange differences realized	754
Other
Wisselresultaten		1.822.730	2.679.798
Financiële kortingen		623.000	835.767
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses	6501
Capitalised interests	6502
Depreciations on current assets
Recorded	6510
Written back	6511
Other financial charges
Amount of the discount borne by the company, as a result of negotiating amounts receivable	653
Provisions of a financial nature
Appropriations	6560
Uses and write-backs	6561
Allocation of other financial costs
Exchange differences realized	654
Results from the conversion of foreign currencies	655
Other
Wisselresultaten		2.085.797	3.386.722
Financiële kortingen		3.666.735	3.880.127
Overige financiële kosten		422.504	336.988

INCOME AND CHARGES OF EXCEPTIONAL SIZE OR FREQUENCY

		Codes	Period	Preceding period
NON-RECURRING INCOME		76		0
Non-recurring operating income		(76A)		0
Write-back of depreciation and of amounts written off intangible and tangible fixed assets		760
Write-back of provisions for extraordinary operating liabilities and charges		7620
Capital profits on disposal of intangible and tangible fixed assets		7630
Other non-recurring operating income		764/8
Non-recurring financial income		(76B)
Write-back of amounts written down financial fixed assets		761
Write-back of provisions for extraordinary financial liabilities and charges		7621
Capital profits on disposal of financial fixed assets		7631
Other non-recurring financial income		769
NON-RECURRING CHARGES		66	36.900
Non-recurring operating charges		(66A)
Non-recurring depreciation of and amounts written off formation expenses, intangible and tangible fixed assets		660
Provisions for extraordinary operating liabilities and charges: appropriations (uses)	(+)/(-)	6620
Capital losses on disposal of intangible and tangible fixed assets		6630
Other non-recurring operating charges		664/7
Non-recurring operating charges carried to assets as restructuring costs	(-)	6690
Non-recurring financial charges		(66B)	36.900
Amounts written off financial fixed assets		661	36.900
Provisions for extraordinary financial liabilities and charges - appropriations (uses)	(+)/(-)	6621
Capital losses on disposal of financial fixed assets		6631
Other non-recurring financial charges		668
Non-recurring financial charges carried to assets as restructuring costs	(-)	6691

TAXES

Period

	Codes	Period
INCOME TAXES
Income taxes on the result of the period	9134	4.846.571
Income taxes paid and withholding taxes due or paid	9135	4.846.571
Excess of income tax prepayments and withholding taxes paid recorded under assets	9136
Estimated additional taxes	9137
Income taxes on the result of prior periods	9138
Additional income taxes due or paid	9139
Additional income taxes estimated or provided for	9140
Major reasons for the differences between pre-tax profit, as it results from the annual accounts, and estimated taxable profit
Verworpen uitgaven		1.059.941
DBI		-16.875.504
Andere		-6.844.580

Influence of non-recurring results on income taxes on the result of the period

	Codes	Period
Sources of deferred taxes
Deferred taxes representing assets	9141
Accumulated tax losses deductible from future taxable profits	9142
Deferred taxes representing liabilities	9144
Allocation of deferred taxes representing liabilities

VALUE-ADDED TAXES AND TAXES BORNE BY THIRD PARTIES

Value-added taxes charged

To the company (deductible)

By the company

Amounts withheld on behalf of third party by way of

Payroll withholding taxes

Withholding taxes on investment income

Codes	Period	Preceding period
9145	28.070.948	22.872.058
9146	29.592.882	23.579.490
9147	4.998.015	4.695.768
9148	3.573.487	3.309.244

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

Codes	Period
9149
9150
9151
9153
91611
91621
91631
91711
91721
91811
91821
91911
91921
92011
92021

	Codes	Period
Real guarantees provided or irrevocably promised by the company on its own assets as security of debts and commitments of third parties
Mortgages
Book value of the immovable properties mortgaged	91612
Amount of registration	91622
For irrevocable mortgage mandates, the amount for which the agent can take registration	91632
Pledging of goodwill
Maximum amount up to which the debt is secured and which is the subject of registration	91712
For irrevocable mandates to pledge goodwill, the amount for which the agent can take the inscription	91722
Pledging of other assets or irrevocable mandates to pledge other assets
Book value of the immovable properties mortgaged	91812
Maximum amount up to which the debt is secured	91822
Guarantees provided or irrevocably promised on future assets
Amount of assets in question	91912
Maximum amount up to which the debt is secured	91922
Vendor's privilege
Book value of sold goods	92012
Amount of the unpaid price	92022
	Codes	Period
GOODS AND VALUES, NOT REFLECTED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT FOR THE BENEFIT AND AT THE RISK OF THE COMPANY
SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS

SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS

FORWARD TRANSACTIONS
Goods purchased (to be received)	9213
Goods sold (to be delivered)	9214
Currencies purchased (to be received)	9215
Currencies sold (to be delivered)	9216	9.380.410

COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES

Period

AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS

SETTLEMENT REGARDING THE COMPLEMENTARY RETIREMENT OR SURVIVORS' PENSION FOR PERSONNEL AND BOARD MEMBERS

Brief description

Van de Velde heeft zeven toegezegde pensioenregelingen in België. Deze plannen worden op gecumuleerde basis toegelicht, daar deze zich situeren in eenzelfde geografische locatie en van hetzelfde type zijn, nl. toegezegde pensioenregelingen.

Naast de Belgische pensioenregelingen heeft Van de Velde eveneens pensioenregelingen voor hun personeel in het buitenland. Deze pensioenregelingen zijn toegezegde bijdrageregelingen. Deze pensioenprovisie op balans bedraagt 24 duizend euro voor 2023 (24 duizend euro voor 2022).

De pensioenregeling in België is onderhevig aan de Belgische wetgeving en betreft een groepsverzekering met rendementswaarborg (Tak21), het betreft een toegezegde pensioenregeling. Sinds 2016 wordt er jaarlijks op 31 december een actuariële waardering opgemaakt door een onafhankelijke actuaris.

De pensioenregeling in België is gefinancierd. Indien de toegekende rendementen van de verzekeraar lager zijn dan de wettelijk bepaalde minimumgarantie, wordt dit door de verzekeraar aan de werkgever gemeld. Deze laatste kan dan dit tekort aanzuiveren in zijn financieringsfonds bij de verzekeraar.

De beleggingen hebben voornamelijk betrekking op 'qualifying insurance policies' (99,9% van alle beleggingen). De verwachte bijdrage door de werkgever voor het jaar eindigend op 31 december 2023 bedraagt 793 duizend euro.

De voornaamste actuariële veronderstellingen gebruikt in de waardering van de pensioenplannen worden weergegeven in onderstaande tabel:

2023 2022 Jaarlijkse loonsverhogingen (exclusief inflatie) leeftijd 20-24: 6,00% 6,60% leeftijd 25-29: 5,10% 5,10% leeftijd 30-34: 2,60% 2,60% leeftijd 35-39: 2,10% 2,10% leeftijd 40-44: 3,10% 3,10% vanaf leeftijd 45: 1,60% 1,60% Jaarlijkse inflatie 2,30% 2,30% Jaarlijkse verdisconteringsvoet 3,20% 4,00% Pensioenleeftijd in jaren 65 65 Totaal aantal contracten van actieve personeelsleden 1.025 1.015 Gemiddelde leeftijd in jaren 44,9 44,7 Geschatte duratie in jaren 16,00 16,82

Een analyse van de verwachte uitkeringen van de niet verdisconteerde pensioenbeloningen wordt weergegeven in onderstaande tabel: Verwachte uitkeringen

Binnen 12 maanden (boekjaar eindigend 31 december 2024) 84 Tussen 2 jaar en 5 jaar 1.335 Tussen 5 jaar en 10 jaar 2.977

Totale verwachte uitkeringen 4.396

De contante waarde van pensioenverplichtingen hangt af van een aantal factoren die actuarieel worden bepaald op basis van een aantal veronderstellingen. De veronderstellingen die zijn gebruikt bij het berekenen van de nettokosten (inkomsten) uit hoofde van pensioenen omvatten de verdisconteringsvoet. Veranderingen in deze veronderstellingen hebben invloed op de boekwaarde van de pensioenverplichtingen.

Van de Velde bepaalt de gepaste verdisconteringsvoet op het einde van elk jaar. Dit is de rentevoet die gehanteerd dient te worden om de contante waarde van de geschatte toekomstige kasstromen, vereist om de pensioenverplichtingen te voldoen, te bepalen. Bij het bepalen van de geschikte verdisconteringsvoet neemt Van de Velde de rentevoet van hoogwaardige bedrijfsobligaties uitgedrukt in de valuta waarin de pensioenen zullen worden betaald en met een looptijd die vergelijkbaar is met die van de overeenkomstige pensioenverplichting.

Andere belangrijke veronderstellingen voor pensioenverplichtingen, zoals de verwachte jaarlijkse groeivoet van salarissen en uittredekansen, zijn deels gebaseerd op de huidige marktomstandigheden en deels op bedrijfseigen parameters.

De tabel hieronder geeft de gevoeligheid weer van de verdisconteringsvoet op de verplichting uit hoofde van toegezegde pensioenrechten: Waarderingstrend -0,5% Origineel Waarderingstrend +0,5%

Verdisconteringsvoet 2,70% 3,20% 3,70% Verplichting uit hoofde toegezegde pensioenrechten 9.746 9.274 8.525 Marktwaarde fondsbeleggingen 8.377 7.867 7.394

De tabel hieronder geeft de gevoeligheid weer van de uittredes uit het plan op de verplichting uit hoofde van toegezegde pensioenrechten: Origineel Gevoeligheid

Uittredes uit het plan werkgeverstabel 0,00% Verplichting uit hoofde toegezegde pensioenrechten 9.274 10.674

De gevoeligheidsanalyse in bovenstaande tabellen is bepaald op basis van een methode die de impact op de verplichting uit hoofde van de toegezegde pensioenrechten weergeeft, ten gevolge van redelijke veranderingen in significante veronderstellingen zich voordoend op het einde van de periode. Deze analyse is gebaseerd op een verandering in een significante veronderstelling, die alle overige veronderstellingen constant houdt. De gevoeligheidsanalyse is mogelijks niet representatief voor werkelijke veranderingen in de verplichtingen uit hoofde van de pensioenrechten omdat het onwaarschijnlijk is dat veranderingen in de veronderstellingen zich in isolatie van elkaar zouden voordoen.

41/58

Code Period PENSIONS FUNDED BY THE COMPANY ITSELF Methods of estimation Estimated amount of the commitments resulting from past services 9220 NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE not reflected in the balance sheet or income statement COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR PURCHASE

NATURE, COMMERCIAL OBJECTIVE AND FINANCIAL CONSEQUENCES OF TRANSACTIONS NOT REFLECTED IN THE BALANCE SHEET

If the risks and benefits resulting from such transactions are of any meaning and if publishing such risks and benefits is necessary to appreciate the financial situation of the company

OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those that cannot be calculated)

Measures taken to cover the related charges

N°. 0448.746.744 F-cap 6.14

Period

Period

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Preceding period
AFFILIATED COMPANIES
Financial fixed assets	(280/1)	58.437.060	58.473.960
Participating interests	(280)	58.437.060	58.473.960
Subordinated amounts receivable	9271
Other amounts receivable	9281
Amounts receivable	9291	2.215.407	1.969.433
Over one year	9301	1.524.045	1.401.593
Within one year	9311	691.361	567.839
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	25.159.503	28.370.529
Over one year	9361
Within one year	9371	25.159.503	28.370.529
Personal and real guarantees
Provided or irrevocably promised by the company as security for debts or commitments of affiliated companies	9381	215.270	219.126
Provided or irrevocably promised by affiliated companies as security for debts or commitments of the company	9391
Other significant financial commitments	9401
Financial results
Income from financial fixed assets	9421	16.875.504	7.973.839
Income from current assets	9431	90.942	71.286
Other financial income	9441
Debt charges	9461	848.219	88.809
Other financial charges	9471
Disposal of fixed assets
Capital profits realised	9481
Capital losses realised	9491

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Preceding period
ASSOCIATED COMPANIES
Financial fixed assets	9253
Participating interests	9263
Subordinated amounts receivable	9273
Other amounts receivable	9283
Amounts receivable	9293
Over one year	9303
Within one year	9313
Amounts payable	9353
Over one year	9363
Within one year	9373
Personal and real guarantees
Provided or irrevocably promised by the company as security for debts or commitments of affiliated companies	9383
Provided or irrevocably promised by affiliated companies as security for debts or commitments of the company	9393
Other significant financial commitments	9403
COMPANIES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	9252	11.672.061	11.672.061
Participating interests	9262	11.672.061	11.672.061
Subordinated amounts receivable	9272
Other amounts receivable	9282
Amounts receivable	9292
Over one year	9302
Within one year	9312
Amounts payable	9352	517.702
Over one year	9362
Within one year	9372	517.702

Period

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS

TRANSACTIONS WITH AFFILIATED PARTIES BEYOND NORMAL MARKET CONDITIONS

Mention of these transactions if they are significant, including the amount of the transactions, the nature of the link, and all information about the transactions that should be necessary to get a better understanding of the financial situation of the company

nihil

FINANCIAL RELATIONSHIPS WITH

	Codes	Period
DIRECTORS AND MANAGERS, INDIVIDUALS OR LEGAL PERSONS WHO CONTROL THE COMPANY DIRECTLY OR INDIRECTLY WITHOUT BEING ASSOCIATED THEREWITH, OR OTHER COMPANIES CONTROLLED DIRECTLY OR INDIRECTLY BY THESE PERSONS
Amounts receivable from these persons	9500
Principal conditions regarding amounts receivable, rate of interest, duration, any amounts repaid, cancelled or written off
Guarantees provided in their favour	9501
Other significant commitments undertaken in their favour	9502
Amount of direct and indirect remunerations and pensions, reflected in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503
To former directors and former managers	9504

	Codes	Period
THE AUDITOR(S) AND THE PERSONS WHOM HE (THEY) IS (ARE) COLLABORATING WITH
Auditors' fees	9505	177.500
Fees for exceptional services or special assignments executed within the company by the auditor
Other audit assignments	95061
Tax consultancy assignments	95062
Other assignments beyondthe audit	95063
Fees for exceptional services or special assignments executed within the company by people the auditor(s) is (are collaborating with
Other audit assignments	95081
Tax consultancy assignments	95082
Other assignments beyond the audit	95083

Mentions related to article 3:64, § 2 and § 4 of the Belgian Companies and Associations Code

DERIVATIVE FINANCIAL INSTRUMENTS THAT ARE NOT VALUED BASED UPON THE REAL VALUE

FOR EACH CATEGORY OF DERIVATIVE FINANCIAL INSTRUMENTS THAT ARE NOT VALUED BASED UPON THE REAL VALUE

				Period			Preceding period
Category of derivative financial instruments	Hedged risk	Speculation/ coverage	Size	Book value	Real value	Book value	Real value
FX Forward NOK verkoop	Wisselkoersrisico	Hedging	10500000		-10.665
FX Forward GBP verkoop	Wisselkoersrisico	Hedging	2100000		20.722
FX Forward CHF verkoop	Wisselkoersrisico	Hedging	3000000		-71.843
FX Forward DKK verkoop	Wisselkoersrisico	Hedging	6000000		-154
FX Forward CAD verkoop	Wisselkoersrisico	Hedging	3000000		-5.609

	Book value	Real value
FINANCIAL FIXED ASSETS RECORDED AT AN AMOUNT HIGHER THAN THE REAL VALUE
Amount of separate assets or of its appropriate groups
Reasons why the book value has not decreased
Elements that lead to assume that it will be possible to realise the book value

DECLARATION WITH REGARD TO THE CONSOLIDATED ANNUAL ACCOUNTS

INFORMATION TO DISCLOSE BY EACH COMPANY GOVERNED BY THE BELGIAN COMPANIES AND ASSOCIATIONS CODE ON THE CONSOLIDATED ANNUAL ACCOUNTS

The company has prepared and published consolidated annual accounts and a consolidated annual report*

The company has not prepared consolidated annual accounts and a consolidated annual report, because of an exemption for the following reason(s)*

The company and its subsidiaries exceed, on a consolidated basis, not more than one of the criteria mentioned in article 1:26 of the Belgian Companies and Associations Code*

The company only has subsidiaries that, considering the evaluation of the consolidated capital, the consolidated financial position or the consolidated result, individually or together, are of negligible interestError! Bookmark not defined. (article 3:23 of the Belgian Companies and Associations Code)

The company itself is a subsidiary of a parent company that prepares and publishes consolidated annual accounts, in which the annual accounts are integrated by consolidation*

Name, full address of the registered office and, if it concerns companies under Belgian law, the company registration number of the parent company(ies) and the indication if this (these) parent company(ies) prepares (prepare) and publishes (publish) consolidated annual accounts, in which the annual accounts are included by means of consolidation**:

If the parent company(ies) is (are) (a) company(ies) governed by foreign law, the location where the abovementioned annual accounts are available**:

^* Strike out what does not apply.

^** Where the annual accounts of the company are consolidated at different levels, the information should be given, on the one hand at the highest and on the other at the lowest level of companies of which the company is a subsidiary and for which consolidated accounts are prepared and published.

FINANCIAL RELATIONSHIPS OF THE GROUP THE COMPANY IS IN CHARGE OF IN BELGIUM WITH THE AUDITOR(S) AND THE PERSONS WITH WHOM HE (THEY) IS (ARE) LINKED

	Codes	Period
Mentions related to article 3:65, § 4 and § 5 of the Belgian Companies and Associations Code
Fees to auditors according to the mandate at the group level led by the company publishing the information	9507	185.500
Fees for exceptional services or special missions executed by the auditor(s) at this group
Other audit assignments	95071
Tax consultancy assignments	95072
Other assignments beyond the audit	95073
Fees to people auditors are linked to according to the mandate at the group level led by the company publishing the information Fees for exceptional services or special assignments executed at this group by people the auditor(s) is (are) linked to	9509	85.500
Other audit assignments	95091
Tax consultancy assignments	95092
Other assignments beyond the audit	95093

Mentions related to article 3:64, § 2 and § 4 of the Belgian Companies and Associations Code

VALUATION RULES

SAMENVATTING VAN DE WAARDERINGSREGELS

I. Beginsel

De waarderingsregels worden vastgesteld overeenkomstig de bepalingen van het KB van 29 april 2019 tot uitvoering van het Wetboek van vennootschappen en verenigingen.

Ten behoeve van het getrouwe beeld wordt in de volgende uitzonderingsgevallen afgeweken van de bij dit besluit bepaalde waarderingsregels : Niet van toepassing

Deze afwijkingen worden als volgt verantwoord : Niet van toepassing

Deze afwijkingen beïnvloeden als volgt het vermogen, de financiële positie en het resultaat vóór belasting van de onderneming Niet van toepassing

De waarderingsregels werden ten opzichte van het vorige boekjaar qua verwoording of toepassing [xxxxxxxxxx] [niet gewijzigd]; zo ja, dan heeft de wijziging betrekking op :

en heeft een [positieve] [negatieve] invloed op het resultaat van het boekjaar vóór belasting ten belope van EUR.

De resultatenrekening [xxxxxx] [wordt niet] op belangrijke wijze beïnvloed door opbrengsten en kosten die aan een vorig boekjaar moeten worden toegerekend; zo ja, dan hebben deze betrekking op :

De cijfers van het boekjaar zijn niet vergelijkbaar met die van het vorige boekjaar en wel om de volgende reden :

[Voor de vergelijkbaarheid worden de cijfers van het vorige boekjaar op de volgende punten aangepast] [Voor de vergelijking van de jaarrekeningen van beide boekjaren moet met volgende elementen rekening worden gehouden]

Bij gebrek aan objectieve beoordelingscriteria is de waardering van de voorzienbare risico's, mogelijke verliezen en ontwaardingen waarvan hierna sprake, onvermijdelijk aleatoir :

Andere inlichtingen die noodzakelijk zijn opdat de jaarrekening een getrouw beeld zou geven van het vermogen, de financiële positie en het resultaat van de onderneming :

II. Bijzondere regels

De oprichtingskosten :

De oprichtingskosten worden onmiddellijk ten laste genomen, behoudens volgende kosten die worden geactiveerd :

Herstructureringskosten :

Herstructureringskosten werden [xxxxxxxxxxxx] [niet geactiveerd] in de loop van het boekjaar; zo ja, dan wordt dit als volgt verantwoord :

Immateriële vaste activa :

Het bedrag aan immateriële vaste activa omvat voor EUR kosten van onderzoek en ontwikkeling. De afschrijvingstermijn voor deze kosten en voor de goodwill beloopt [xxxx] [niet meer] dan 5 jaar; indien meer dan 5 jaar wordt deze termijn als verantwoord :

Materiële vaste activa :

In de loop van het boekjaar [xxxxxxx] [werden geen] materiële vaste activa geherwaardeerd; zo ja, dan wordt deze herwaardering als volgt verantwoord :

Afschrijvingen geboekt tijdens het boekjaar :

+------------------------------------+--------------------+--------------------+---------------------------------------------------+
+ + Activa	+ Methode +	+ L (lineaire) +	Basis NG (niet-	+	Afschrijvingspercentages +-------------------------+-------------------------+		+
+			+ D (degressieve) + geherwaardeerde) +		Hoofdsom		+ Bijkomende kosten +
+ +------------------------------------+--------------------+--------------------+-------------------------+-------------------------+	+ A (andere)		+ G(geherwaardeerde) +		Min. - Max.	+ Min. - Max.	+
+	+	+	+		+	+
+ 1. Oprichtingskosten +			+	+	+	+
+	+	+	+		+	+
+ 2. Immateriële vaste activa +		L	+	+	20.00 - 20.00	+ 20.00 - 20.00	+
+	+ L	+	+	20.00 - 20.00	+	20.00 - 20.00 +
+	+	+	+		+	+
+ 3. Industriële, administratieve of +			+	+	+	+
+ commerciële gebouwen * +		L	+	NG +	5.00 - 5.00	+ 5.00 - 5.00	+
+	+ L	+	NG +	3.03 - 3.03	+	3.03 - 3.03 +
+	+ L	+	NG +	10.00 - 10.00	+	10.00 - 10.00	+
+	+	+	+		+	+
+ 4. Installaties, machines en	+		+	+	+	+
+ uitrustingen * +		L +	NG	+	10.00 - 20.00 +	10.00 - 20.00	+
+	+	+	+		+	+
+ 5. Rollend materieel * +		L	+	+	20.00 - 20.00 +	20.00 - 20.00	+
+	+	+	+		+	+

VALUATION RULES

+ 6. Kantoormateriaal en meubilair * +			L	+	NG	+	10.00 - 20.00	+	10.00 - 20.00	+
+	+	+		+		+	+
+ 7. Andere matriële vaste activa * .+				+	+		+		+
+------------------------------------+--------------------+--------------------+-------------------------+-------------------------+

* Met inbegrip van de in leasing gehouden activa; deze worden in voorkomend geval op een afzonderlijke lijn vermeld.

Overschot aan toegepaste, fiscaal aftrekbare, versnelde afschrijvingen ten opzichte van de economisch verantwoorde afschrijvingen : - bedrag voor het boekjaar : EUR.

• gecummuleerd bedrag voor de vaste activa verworven vanaf het boekjaar dat na 31 december 1983 begint : EUR.

Financiële vaste activa :

In de loop van het boekjaar [xxxxxxx] [werden geen] deelnemingen geherwaardeerd; zo ja, dan wordt deze herwaardering als volgt verantwoord :

Voorraden :

Voorraden worden gewaardeerd tegen de aanschaffingswaarde berekend volgens de (te vermelden) methode van de gewogen gemiddelde prijzen, Fifo, Lifo, individualisering van de prijs van elk bestanddeel of tegen de lagere marktwaarde :

1. Grond- en hulpstoffen : FIFO

2. Goederen in bewerking - gereed product : FIFO

3. Handelsgoederen :

Grondstoffen, goederen in bewerking, handelsgoederen en gereed product worden gewaardeerd tegen de laagste waarde van de kostprijs

of de opbrengstwaarde. De kostprijs van voorraden omvat alle inkoopkosten, conversiekosten en andere kosten die zijn gemaakt om de

voorraden naar hun huidige locatie en tot hun huidige toestand te brengen. De waarderingsmethode voor de voorraden is de methode

FIFO.

De inkoopkosten omvatten:

ðaankoopprijs; plus

ðinvoerrechten en andere belastingen (indien ze niet kunnen worden teruggevorderd); plus

ðtransport, afhandeling en overige kosten die direct kunnen worden toegeschreven aan de verwerving van de goederen; min

ðhandelskortingen, andere kortingen en overige soortgelijke posten.

De conversiekosten omvatten:

ðde kosten die direct verband houden met de productie-eenheden; plus

ðeen systematische toerekening van vaste en variabele indirecte productiekosten.

De voorziening voor economische veroudering wordt consequent berekend in de hele Groep, op basis van de ouderdom en de verwachte

toekomstige omzet van de posten.

1. Onroerende goederen bestemd voor verkoop :

Producten :

• De vervaardigingsprijs van de producten [omvat] [xxxxxxxxxx] de onrechtstreekse productiekosten.

• De vervaardigingsprijs van de producten waarvan de poductie meer dan één jaar beslaat, [xxxxxx] [omvat geen] financiële kosten verbonden aan de kapitalen ontleend om de productie ervan te financieren.

Bij het einde van het boekjaar bedraagt de marktwaarde van de totale voorraden ongeveer % meer dan hun boekwaarde. (deze inlichting is slechts vereist zo het verschil belangrijk is).

Bestellingen in uitvoering :

Bestellingen in uitvoering worden geherwaardeerd [tegen vervaardigingsprijs] [tegen vervaardigingsprijs, verhoogd met een gedeelte van het resultaat naar gelang van de vordering der werken].

Schulden :

De passiva [xxxxxxxx] [bevatten geen] schulden op lange termijn, zonder rente of met een abnormale lage rente; zo ja, dan wordt op deze schulden [een] [geen] disconto toegepast dat wordt geactiveerd.

Vreemde valuta :

De omrekening in EUR van tegoeden, schulden en verbintenissen in vreemde valuta gebeurt op volgende grondslagen : Volgens de offici‰le middenkoers genoteerd op de beurs van Brussel op afsluitdatum.

De resultaten uit de omrekening van de vreemde valuta zijn als volgt in de jaarrekening verwerkt : Positieve omrekeningsverschillen worden via overlopende rekeningen verwerkt;

VALUATION RULES

negatieve worden in het resultaat opgenomen.

Leasingovereenkomsten :

Wat de niet-geactiveerde gebruiksrechten uit leasingovereenkomsten betreft (die betrekking hebben op onroerende goederen en afgesloten vóór 1 januari 1980), beliepen de vergoedingen en huurgelden die betrekking hebben op het boekjaar voor leasing van onroerende goederen : 69226,24 EUR.

OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE

ANNUAL REPORT

-

-

-

-

000 euro	2023	2072
Aandelen kapitaal	1.935	1.936
Eigen aandelen in de entiteit	6.595	4 668
Uitgiftepremies	743	743

OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE

ANNUAL REPORT

-

-

-

-

-

-

-

OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE

ANNUAL REPORT

Te bestemmen winst	37.28
Toevoeging aan de reserves	6.53
Dit te keren winst	30.75
- waarvan voorgesteid bruto dividend van 2,40 euro ber dividend gerechtigd aandeel aan 12.813.016(0 aandelen	30.75

SOCIAL BALANCE SHEET

Numbers of the joint industrial committees competent for the company:

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE COMPANY SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

During the period	Codes	Total	1. Men	2. Women
Average number of employees
Full-time	1001	366,9	79,9	287,0
Part-time	1002	154,7	6,9	147,8
Total in full-time equivalents (FTE)	1003	479,5	85,0	394,5
Number of actual hours worked
Full-time	1011	490.219	112.317	377.902
Part-time	1012	149.484	8.086	141.398
Total	1013	639.703	120.403	519.300
Personnel costs
Full-time	1021	26.069.958	6.750.250	19.319.708
Part-time	1022	6.853.717	404.668	6.449.049
Total	1023	32.923.674	7.154.917	25.768.757
Benefits in addition to wages	1033

	During the preceding period

Average number of employees in FTE

Number of actual hours worked

Personnel costs

Benefits in addition to wages 1033

Codes	P. Total	1P. Men	2P. Women
1003	475,7	78,6	397,1
1013	650.445	117.068	533.377
1023	32.017.249	6.507.057	25.510.192

EMPLOYEES FOR WHOM THE COMPANY SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continuation)

	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
At the closing date of the period
Number of employees	105	366	161	483,1
By nature of the employment contract
Contract for an indefinite period	110	366	160	482,5
Contract for a definite period	111		1	0,6
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to gender and study level
Men	120	78	11	86,2
primary education	1200	33	4	35,7
secondary education	1201	14	2	15,6
higher non-university education	1202	21	1	21,9
university education	1203	10	4	13,0
Women	121	288	150	396,9
primary education	1210	59	21	74,5
secondary education	1211	85	78	138,6
higher non-university education	1212	76	32	100,9
university education	1213	68	19	82,9
By professional category
Management staff	130
Salaried employees	134	194	67	246,6
Hourly employees	132	172	93	235,9
Other	133		1	0,6

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE DISPOSAL OF THE COMPANY

During the period
Average number of persons employed
Number of actual hours worked
Costs to the company

Codes	1. Hired temporary staff	2. Hired temporary staff and personnel placed at the company's disposal
150	16,2
151	31.040
152	867.341

ENTRIES

Number of employees for whom the company submitted a DIMONA declaration or who have been recorded in the general personnel register during the period

By nature of the employment contract
--------------------------------------	--	--

Contract for an indefinite period

Contract for a definite period

Contract for the execution of a specifically assigned work

Replacement contract

Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
205	38	10	45,4
210 211	38	9 1	44,8 0,6
212 213

By nature of the employment contract
	Contract for an indefinite period
Contract for a definite period
Contract for the execution of a specifically assigned work
	Replacement contract
	By reason of termination of contract
Retirement
Unemployment with extra allowance from enterprise
Dismissal
Other reason
Of which:	the number of persons who continue to render services to the company at least half-time on a

DEPARTURES		Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
Number of employees whose contract-termination date has been included in the DIMONA declaration or in the general personnel register during the period		305	35	8	40,2
By nature of the employment contract
Contract for an indefinite period		310	35	8	40,2
Contract for a definite period		311
Contract for the execution of a specifically assigned work		312
Replacement contract		313
	By reason of termination of contract
Retirement		340	2	2	3,0
Unemployment with extra allowance from enterprise		341
Dismissal		342	6	1	6,5
Other reason		343	27	5	30,7
Of which:	the number of persons who continue to render services to the company at least half-time on a self-employment basis	350

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

Total of initiatives of formal professional training at the expense of the employer		Men	Codes	Women
Number of employees involved	5801	77	5811	257
Number of actual training hours	5802	3.437	5812	12.331
Net costs for the company	5803	147.560	5813	642.359
of which gross costs directly linked to training	58031	144.191	58131	625.701
of which contributions paid and payments to collective funds	58032	9.517	58132	47.050
of which grants and other financial advantages received (to deduct)	58033	6.148	58133	30.392
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved	5821	89	5831	440
Number of actual training hours	5822	3.671	5832	10.738
Net costs for the company	5823	92.137	5833	291.749
Total of initial initiatives of professional training at the expense of the employer
Number of employees involved	5841	1	5851	5
Number of actual training hours	5842	365	5852	2.832
Net costs for the company	5843	2.245	5853	18.010