Van de Velde NV

Annual Report • Mar 28, 2025

	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:		Ghent, division Dendermonde
2 Website :	www.vandevelde.eu
2 E-mail address :		nico.vandenmeersschaut@vandevelde.eu
			Company registration number		0448.746.744
DATE 03-01-2025 of filing the most recent document mentioning the date of publication of the deed of incorporation and of the deed of amendment of the articles of association.
3 This filing concerns :
the ANNUAL ACCOUNTS in X		4 EURO	approved by the general meeting of		30-04-2025
the OTHER DOCUMENTS X
regarding
the financial year covering the period from			01-01-2024	to	31-12-2024
the preceding period of the annual accounts from to 01-01-2023				31-12-2023
5 The amounts for the preceding period are / are not identical to the ones previously published.
Total number of pages filed: 59 Numbers of the sections of the standard model form not filed because they serve no useful purpose: 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 Verlinde CEO

Signature (name and position) Herman Van de Velde NV vast vertegenwoordigd door Herman Van de Velde Voorzitter Raad van Bestuur

F-cap 1

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

Optional mention. 2

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: 24-04-2024, end: 28-04-2027 Represented by:

Van de Velde Herman 1

Dendermondsesteenweg 90 9230 Wetteren Belgium

Executive 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

Strandjutterslaan 12 , box 102-0202 8670 Koksijde Belgium

YJC BV 0652.675.683

Bosveldweg 61, 1180 Uccle, Belgium

Mandate: Director, start: 24-04-2024, end: 30-04-2025 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: 24-04-2024 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

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

Struikenlei 9 2900 Schoten Belgium

Bestuurder

VIANCABA BV 0861.208.263

Pelkemstraat 17, 9250 Waasmunster, Belgium

Mandate: Director, start: 27-08-2024, end: 30-04-2025 Represented by:

Van de Velde Liesbeth 1

Pelkemstraat 17 9250 Waasmunster Belgium

LAUREYS BENEDICTE

Berkenlaan 18, 8300 Knokke-Heist, Belgium

Mandate: Director, start: 24-04-2024, end: 28-04-2027

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

VAN DE VELDE LIESBETH

Pelkemstraat 17, 9250 Waasmunster, Belgium

Mandate: Director, start: 24-04-2024, end: 27-08-2024

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: 24-04-2024

Represented by:

Boelens Francis 1

Pauline Van Pottelberghelaan 12 9051 Sint-Denijs-Westrem Belgium

, Membership number : B160

PwC BEDRIJFSREVISOREN BV 0429.501.944

Culliganlaan 5, 1831 Diegem, Belgium

Membership number: B00009

Mandate: Auditor, start: 24-04-2024, end: 28-04-2027 Represented by:

Winne Lien 1

Blue Tower 1 - Sluisweg 1 9000 Gent Belgium

, Membership number : A02202

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	64.339.027	96.941.772
Intangible fixed assets	6.2	21	8.358.295	8.343.740
Tangible fixed assets	6.3	22/27	17.940.138	18.090.409
Land and buildings		22	13.135.153	12.625.234
Plant, machinery and equipment		23	3.835.828	3.562.056
Furniture and vehicles		24	436.648	605.622
Leasing and other similar rights		25
Other tangible fixed assets		26	56.978	56.978
Assets under construction and advance payments		27	475.531	1.240.519
Financial fixed assets	6.4 / 6.5.1	28	38.040.595	70.507.623
Affiliated Companies	6.15	280/1	25.998.960	58.437.060
Participating interests		280	25.998.960	58.437.060
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	369.574	398.502
Shares		284
Amounts receivable and cash guarantees		285/8	369.574	398.502

	Notes	Codes	Period	Preceding period
CURRENT ASSETS		29/58	130.624.457	129.711.300
Amounts receivable after more than one year		29	5.660.046	1.721.217
Trade debtors		290	782.894	114.603
Other amounts receivable		291	4.877.153	1.606.614
Stocks and contracts in progress		3	40.301.086	49.308.252
Stocks		30/36	40.301.086	49.308.252
Raw materials and consumables		30/31	7.489.408	7.860.324
Work in progress		32	8.991.215	8.914.429
Finished goods		33	23.820.463	32.533.499
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	20.130.380	19.371.811
Trade debtors		40	17.007.246	15.796.847
Other amounts receivable		41	3.123.134	3.574.964
Current investments	6.5.1 / 6.6	50/53	51.014.294	47.355.034
Own shares		50	12.989.280	6.595.959
Other investments		51/53	38.025.014	40.759.076
Cash at bank and in hand		54/58	12.168.152	10.313.774
Accruals and deferred income	6.6	490/1	1.350.498	1.641.212
TOTAL ASSETS		20/58	194.963.484	226.653.072

	Notes	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	128.438.312	150.639.135
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	112.455.192	134.574.634
Reserves not available		130/1	13.182.897	6.789.576
Legal reserve		130	193.617	193.617
Reserves not available statutorily		1311
Purchase of own shares		1312	12.989.280	6.595.959
Financial support		1313
Other		1319
Untaxed reserves		132
Available reserves		133	99.272.295	127.785.058
Accumulated profits (losses)	(+)/(-)	14	13.262.833	13.262.833
Capital subsidies		15	40.690	122.071
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	66.525.173	76.013.937
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	66.249.032	75.783.101
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	26.873.494	34.691.331
Suppliers		440/4	26.873.494	34.691.331
Bills of exchange payable		441
Advance payments on contracts in progress		46
Taxes, remuneration and social security	6.9	45	8.061.654	7.630.407
Taxes		450/3	1.403.694	1.246.529
Remuneration and social security		454/9	6.657.960	6.383.878
Other amounts payable		47/48	31.313.884	33.461.363
Accruals and deferred income	6.9	492/3	276.141	230.835
TOTAL LIABILITIES		10/49	194.963.484	226.653.072

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	194.550.313	203.796.312
Turnover		6.10	70	198.068.779	202.235.742
Stocks of finished goods and work and contracts in progress: increase (decrease)	(+)/(-)		71	-8.511.595	-3.911.455
Produced fixed assets			72
Other operating income		6.10	74	4.993.130	5.472.024
Non-recurring operating income		6.12	76A
Operating charges			60/66A	163.931.964	175.081.244
Goods for resale, raw materials and consumables			60	28.779.765	31.776.089
Purchases			600/8	29.834.439	29.972.015
Stocks: decrease (increase)	(+)/(-)		609	-1.054.674	1.804.074
Services and other goods			61	92.912.111	102.250.910
Remuneration, social security and pensions	(+)/(-)	6.10	62	34.246.391	32.923.674
Amortisations of and other amounts written down on formation expenses, intangible and tangible fixed assets			630	5.516.199	6.680.759
Amounts written down on stocks, contracts in progress and trade debtors: additions (write-backs)	(+)/(-)	6.10	631/4	2.222.761	1.188.486
Provisions for liabilities and charges: appropriations (uses and write-backs)	(+)/(-)	6.10	635/8
Other operating charges		6.10	640/8	254.736	261.325
Operating charges reported as assets under restructuring costs	(-)		649
Non-recurring operating charges		6.12	66A
Operating profit (loss)	(+)/(-)		9901	30.618.349	28.715.067

	Notes	Codes	Period	Preceding period
Financial income		75/76B	20.316.894	20.279.582
Recurring financial income		75	20.316.894	20.279.582
Income from financial fixed assets		750	17.182.627	16.875.504
Income from current assets		751	1.678.769	958.349
Other financial income	6.11	752/9	1.455.497	2.445.729
Non-recurring financial income	6.12	76B
Financial charges	6.11	65/66B	37.974.057	7.132.670
Recurring financial charges		65	5.574.057	7.095.770
Debt charges		650	640.633	920.734
Amounts written down on current assets other than stocks, contracts in progress and trade debtors: additions (write-backs)	(+)/(-)	651
Other financial charges		652/9	4.933.425	6.175.036
Non-recurring financial charges	6.12	66B	32.400.000	36.900
Profit (Loss) for the period before taxes	(+)/(-)	9903	12.961.186	41.861.979
Transfer from deferred taxes		780
Transfer to deferred taxes		680
Income taxes on the result	6.13 (+)/(-)	67/77	4.937.742	4.575.591
Taxes		670/3	4.937.742	4.846.571
Adjustment of income taxes and write-back of tax provisions		77	0	270.980
Profit (Loss) of the period	(+)/(-)	9904	8.023.444	37.286.388
Transfer from untaxed reserves		789
Transfer to untaxed reserves		689
Profit (Loss) of the period available for appropriation	(+)/(-)	9905	8.023.444	37.286.388

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

APPROPRIATION ACCOUNT

		Codes	Period	Preceding period
Profit (Loss) to be appropriated	(+)/(-)	9906	21.286.277	50.549.221
Profit (Loss) of the period available for appropriation	(+)/(-)	(9905	8.023.444	37.286.388
Profit (Loss) of the preceding period brought forward	(+)/(-)	) 14P	13.262.833	13.262.833
Transfers from equity		791/2	22.119.442
from contributions		791
from reserves		792	22.119.442
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	30.142.886	30.751.238
Compensation for contributions		694	30.142.886	30.751.238
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	57.556.847
Movements during the period
Acquisitions, including produced fixed assets		8022	3.047.062
Sales and disposals		8032
Transfers from one heading to another	(+)/(-)	8042
Acquisition value at the end of the period		8052	60.603.909
Amortisations and amounts written down at the end of the period		8122P	xxxxxxxxxxxxxxx	49.294.307
Movements during the period
Recorded		8072	2.951.307
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	52.245.614
NET BOOK VALUE AT THE END OF THE PERIOD		211	8.358.295

		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	2.415.684
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	2.496.884
NET BOOK VALUE AT THE END OF THE PERIOD		212	0

STATEMENT OF TANGIBLE FIXED ASSETS

		Codes	Period	Preceding period
LAND AND BUILDINGS
			xxxxxxxxxxxxxxx	36.691.455
Acquisition value at the end of the period		8191P
Movements during the period
Acquisitions, including produced fixed assets		8161	1.632.670
Sales and disposals		8171
Transfers from one heading to another	(+)/(-)	8181
Acquisition value at the end of the period		8191	38.324.125
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	24.066.221
Movements during the period
Recorded		8271	1.122.750
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	25.188.972
NET BOOK VALUE AT THE END OF THE PERIOD		(22)	13.135.153

		Codes	Period	Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period		8192P	xxxxxxxxxxxxxxx	39.757.975
Movements during the period
Acquisitions, including produced fixed assets		8162	1.413.834
Sales and disposals		8172	202.845
Transfers from one heading to another	(+)/(-)	8182
Acquisition value at the end of the period		8192	40.968.963
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	36.195.919
Movements during the period
Recorded		8272	1.081.967
Written back		8282
Acquisitions from third parties		8292
Cancelled owing to sales and disposals		8302	144.749
Transferred from one heading to another	(+)/(-)	8312
Amortisations and amounts written down at the end of the period		8322	37.133.136
NET BOOK VALUE AT THE END OF THE PERIOD		(23)	3.835.828

		Codes	Period	Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period		8193P	xxxxxxxxxxxxxxx	5.738.726
Movements during the period
Acquisitions, including produced fixed assets		8163	89.717
Sales and disposals		8173	926.654
Transfers from one heading to another	(+)/(-)	8183
Acquisition value at the end of the period		8193	4.901.790
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	5.133.105
Movements during the period
Recorded		8273	258.691
Written back		8283
Acquisitions from third parties		8293
Cancelled owing to sales and disposals		8303	926.654
Transfers from one heading to another	(+)/(-)	8313
Amortisations and amounts written down at the end of the period		8323	4.465.141
NET BOOK VALUE AT THE END OF THE PERIOD		(24)	436.648

		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	1.240.519
Movements during the period
Acquisitions, including produced fixed assets		8166
Sales and disposals		8176	764.989
Transfers from one heading to another	(+)/(-)	8186
Acquisition value at the end of the period		8196	475.531
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)	475.531

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	38.100
Transfers from one heading to another	(+)/(-)	8381
Acquisition value at the end of the period		8391	8.311.479
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	17.060.519
Movements during the period
Recorded		8471	32.400.000
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	49.460.519
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)	25.998.960
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	398.502
Movements during the period
Appropriations		8583
Repayments		8593	28.929
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)	369.574
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					31-12-2024	EUR	3.095.284	497.180
Foreign company GRABENSTRASSE 24 40213 DUSSELDORF Germany
	Aandeel	100	100,00	0,00
VAN DE VELDE VERWALTUNGS GMBH					31-12-2024	EUR	15.284	-2.081
Foreign company GRABENSTRASSE 24 40213 DUSSELDORF Germany
	Aandeel	1	100,00	0,00
VAN DE VELDE TERMELO ES KERESKEDELMI KFT					31-12-2024	HUF	229.546.242	21.902.593
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					31-12-2024	GBP	1	0
	Aandeel	1	100,00	0,00
MARIE JO GMBH					31-12-2024	EUR	3.439.055	82.720
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					31-12-2024	EUR	7.537.827	803.361
	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		Subs idiaries	Annual	Cur	Equity	Net result
REGISTRATION NUMBER	Nature	Number	%	%	accounts as per	rency code		(+) or (-) (in units)
VAN DE VELDE NORTH AMERICA INC					31-12-2024	USD	1.547.055	890.559
Foreign company Madison Avenue 1252 NY10128 NEW YORK United States
	Aandeel	100	100,00	0,00
VAN DE VELDE FINLAND OY					31-12-2024	EUR	209.396	34.621
Foreign company Fashion Center, Härkähaankuja 14 01730 VANTAA Finland
	Aandeel	800	100,00	0,00
VAN DE VELDE DENMARK APS					31-12-2024	DKK	3.804.382	1.687.128
Foreign company LEJRVEJ 8 6330 PADBORG Denmark
	Aandeel	125	100,00	0,00
TOP FORM INTERNATIONAL LIMITED					30-06-2024	HKD	396.034.000	1.500.000
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					31-12-2024	GBP	2.812.508	187.392
	Aandeel	2.175	100,00	0,00
VAN DE VELDE CONFECTION SARL					31-12-2024	TND	9.429.284	4.600.284
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	Number	%	%	accounts as per	rency code		(+) or (-) (in units)
INTIMACY MANAGEMENT COMPANY LLC					31-12-2024	USD	1.991.425	97.965
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					31-12-2024	USD	11.717.667	-62.160
	Aandeel	1.000	100,00	0,00
VAN DE VELDE NEDERLAND BV Foreign company BEETHOVENSTRAAT 28 1077 JH AMSTERDAM Netherlands NL820025367B01					31-12-2024	EUR	4.241.378	440.800
	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	37.000.000	40.000.000
With a remaining term or notice
up to one month	8686
between one month and one year	8687	37.000.000
over one year	8688		40.000.000
Other investments not mentioned above	8689	1.025.014	759.076

ACCRUALS AND DEFERRED INCOME

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

Over te dragen kosten 1.168.692 Verkregen bankintresten 181.805

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	7.573.991
Shares dematerialized	8703	XXXXXXXXXXXXXX	5.488.426

	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	66.610
Number of shares	8722	449.386
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

N°.	0448.746.744			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
	Nature	Number of voting rights
		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	1.403.694
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	6.657.960

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		194.550.313	203.796.312
Allocation by geographical market
Eurozone		150.009.321	157.966.931
Niet-eurozone		44.540.992	45.829.381
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	517	527
Average number of employees calculated in full-time equivalents	9087	472,8	479,5
Number of actual hours worked	9088	630.451	639.703
Personnel costs
Remuneration and direct social benefits	620	23.504.921	23.810.736
Employers' contribution for social security	621	6.763.467	6.884.312
Employers' premiums for extra statutory insurance	622	1.597.298	455.137
Other personnel costs	623	2.380.706	1.773.489
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	1.550.244	1.222.565
Written back		9111
On trade debtors
Recorded		9112	672.517
Written back		9113		34.079
Provisions for liabilities and charges
Appropriations		9115
Uses and write-backs		9116
Other operating charges
Taxes related to operation		640	254.736	257.559
Other		641/8	0	3.766
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	7,8	16,2
Number of actual hours worked		9098	15.012	31.040
Costs to the company		617	396.000	867.341

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		909.604	1.822.730
Financiële kortingen		545.894	623.000
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		1.199.349	2.085.797
Financiële kortingen		3.333.369	3.666.735
Overige financiële kosten		372.210	422.504

INCOME AND CHARGES OF EXCEPTIONAL SIZE OR FREQUENCY

		Codes	Period	Preceding period
NON-RECURRING INCOME		76
Non-recurring operating income		(76A)
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	32.400.000	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)	32.400.000	36.900
Amounts written off financial fixed assets		661	32.400.000	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	4.782.065
Income taxes paid and withholding taxes due or paid	9135	5.999.068
Excess of income tax prepayments and withholding taxes paid recorded under assets	9136	1.217.003
Estimated additional taxes	9137
Income taxes on the result of prior periods	9138	155.676
Additional income taxes due or paid	9139	155.676
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		1.181.151
DBI		-17.182.416
Fiscale stimuli		-10.728.687
Waardevermindering financieel vast actief		32.400.000

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	27.873.936	28.070.948
9146	29.625.071	29.592.882
9147	5.012.917	4.998.015
9148	3.738.952	3.573.487

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Codes	Period
PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE COMPANY AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149
Of which
Bills of exchange in circulation endorsed by the company	9150
Bills of exchange in circulation drawn or guaranteed by the company	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the company	9153
REAL GUARANTEES
Real guarantees provided or irrevocably promised by the company on its own assets as security of debts and commitments of the company
Mortgages
Book value of the immovable properties mortgaged	91611
Amount of registration	91621
For irrevocable mortgage mandates, the amount for which the agent can take registration	91631
Pledging of goodwill
Maximum amount up to which the debt is secured and which is the subject of registration	91711
For irrevocable mandates to pledge goodwill, the amount for which the agent can take the inscription	91721
Pledging of other assets or irrevocable mandates to pledge other assets
Book value of the immovable properties mortgaged	91811
Maximum amount up to which the debt is secured	91821
Guarantees provided or irrevocably promised on future assets
Amount of assets in question	91911
Maximum amount up to which the debt is secured	91921
Vendor's privilege
Book value of sold goods	92011
Amount of the unpaid price	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

9213
9214
9215
9216	11.287.161

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 2024 (24 duizend euro voor 2023).

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. De werkgever 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 2024 bedraagt 1.096 duizend euro.

De voornaamste actuariële veronderstellingen gebruikt in de waardering van de pensioenplannen worden weergegeven in onderstaande tabel: 2024 2023 Jaarlijkse loonsverhogingen (exclusief inflatie) leeftijd 20-24: 6,60% 6,00% 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 3,70% 3,20% Pensioenleeftijd in jaren 65 65 Totaal aantal contracten van actieve personeelsleden 1.001 1.025 Gemiddelde leeftijd in jaren 45,5 44,9 Geschatte duratie in jaren 16,35 16,00

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 2025) 652 Tussen 2 jaar en 5 jaar 729 Tussen 5 jaar en 10 jaar 4.042 Totale verwachte uitkeringen 5.424

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 3,20% 3,70% 4,20% Verplichting uit hoofde toegezegde pensioenrechten 9.882 9.439 8.694 Marktwaarde fondsbeleggingen 8.441 7.911 7.427

N°.	0448.746.744		F-cap 6.14
-----	--------------	--	------------	--	--

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 9.439 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.

De bovenvermelde pensioenplannen zijn voor groepsdoeleinden en ze resulteren niet in een underfunding onder BEGAAP.

Measures taken to cover the related charges

	Code	Period
PENSIONS FUNDED BY THE COMPANY ITSELF
Estimated amount of the commitments resulting from past services	9220
Methods of estimation
		Period
NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE not reflected in the balance sheet or income statement
		Period
COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR PURCHASE
		Period
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
		Period
OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those that cannot be calculated)
2 beschikbare kredietlijnen waaraan een negatieve pledge is verbonden (niet in gebruik)		10.000.000

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

	Codes	Period	Preceding period
AFFILIATED COMPANIES
Financial fixed assets	(280/1)	25.998.960	58.437.060
Participating interests	(280)	25.998.960	58.437.060
Subordinated amounts receivable	9271
Other amounts receivable	9281
Amounts receivable	9291	5.537.169	2.215.407
Over one year	9301	1.149.971	1.524.045
Within one year	9311	4.387.198	691.361
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	13.322.845	25.159.503
Over one year	9361
Within one year	9371	13.322.845	25.159.503
Personal and real guarantees
Provided or irrevocably promised by the company as security for debts or commitments of affiliated companies	9381	220.781	215.270
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	17.182.416	16.875.504
Income from current assets	9431	64.594	90.942
Other financial income	9441
Debt charges	9461	612.360	848.219
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	637.945	517.702
Over one year	9362
Within one year	9372	637.945	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	165.000
Fees for exceptional services or special assignments executed within the company by the auditor
Other audit assignments	95061	47.000
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	34.318
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	12000000		4.067		-10.665
FX Forward GBP verkoop	Wisselkoersrisico	Hedging	3600000		-66.247		20.722
FX Forward CHF verkoop	Wisselkoersrisico	Hedging	3000000		-4.209		-71.843
FX Forward DKK verkoop	Wisselkoersrisico	Hedging	0				-154
FX Forward CAD verkoop	Wisselkoersrisico	Hedging	3000000		-22.648		-5.609
FX Forward SEK verkoop	Wisselkoersdekkin g	Hedging	9000000		10.166

	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 interest. (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	177.000
Fees for exceptional services or special missions executed by the auditor(s) at this group
Other audit assignments	95071	47.000
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
Other audit assignments	95091
Tax consultancy assignments	95092	34.318
Other assignments beyond the audit	95093

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

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 0 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	+
+	+	+	+		+		+
+ 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	+
+	+	+	+		+		+
+ 6. Kantoormateriaal en meubilair * +		L	+	NG	+	10.00 - 20.00	+	10.00 - 20.00	+
+	+	+	+		+		+

VALUATION RULES

• 1. Andere matriële vaste activa * .+ + + + + +------------------------------------+--------------------+--------------------+-------------------------+-------------------------+

Overschot aan toegepaste, fiscaal aftrekbare, versnelde afschrijvingen ten opzichte van de economisch verantwoorde afschrijvingen : - bedrag voor het boekjaar : 0 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 [werden] [xxxxxxxxx] deelnemingen geherwaardeerd; zo ja, dan wordt deze herwaardering als volgt verantwoord : de negatieve herwaardering is een gevolg van de toepassing van de nieuwe verrekenprijs tussen Van de Velde NV en de dochtervennootschap Van de Velde Confection in Tunesië.

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 : omrekening aan slotkoers

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 : 146.439,38 EUR.

-

-

-

-

000 euro	2024	2023
Aandelen kapitaal	1,936	1,935
Eigen aandelen in de entiteit	12 909	6.596
Uitgiftepremies	743	743

-

• -
  -
  -
  -
  -
  -
  -

Te bestemmen winst	8.023
Onttrekking aan de reserves	22.119
Uit te kenen winst m	30.143

SOCIAL BALANCE SHEET

Numbers of the joint industrial committees competent for the company:

215 109

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	357,6	75,8	281,8
Part-time	1002	158,9	9,3	149,6
Total in full-time equivalents (FTE)	1003	472,8	82,8	390,0
Number of actual hours worked
Full-time	1011	476.181	105.815	370.366
Part-time	1012	154.270	10.728	143.542
Total	1013	630.451	116.543	513.908
Personnel costs
Full-time	1021	26.682.619	6.364.090	20.318.529
Part-time	1022	7.563.772	517.082	7.046.689
Total	1023	34.246.391	6.881.173	27.365.218
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	479,5	85,0	394,5
1013	639.703	120.403	519.300
1023	32.923.674	7.154.917	25.768.757

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
At the closing date of the period				equivalents
Number of employees	105	362	155	473,4
By nature of the employment contract
Contract for an indefinite period	110	362	154	472,8
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	76	9	82,4
primary education	1200	31	5	34,2
secondary education	1201	15	1	15,8
higher non-university education	1202	19	2	20,7
university education	1203	11	1	11,7
Women	121	286	146	391,0
primary education	1210	46	19	59,4
secondary education	1211	80	79	134,3
higher non-university education	1212	82	31	105,4
university education	1213	78	17	91,9
By professional category
Management staff	130
Salaried employees	134	201	66	252,0
Hourly employees	132	161	88	220,8
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	7,8
151	15.012
152	396.000

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	40	14	49,3
210 211	40	12 2	48,1 1,2
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

DEPARTURES		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		47	17	58,7
By nature of the employment contract
Contract for an indefinite period		47	15	57,5
Contract for a definite period			2	1,2
Contract for the execution of a specifically assigned work
Replacement contract
By reason of termination of contract
Retirement		3	4	5,6
Unemployment with extra allowance from enterprise
Dismissal		6	1	6,7
Other reason		38	12	46,4
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	Codes	Men	Codes	Women
Number of employees involved	5801	79	5811	389
Number of actual training hours	5802	1.938	5812	15.806
Net costs for the company	5803	91.303	5813	714.352
of which gross costs directly linked to training	58031	88.029	58131	697.710
of which contributions paid and payments to collective funds	58032	9.784	58132	49.727
of which grants and other financial advantages received (to deduct)	58033	6.510	58133	33.085
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved	5821	42	5831	177
Number of actual training hours	5822	2.859	5832	11.120
Net costs for the company	5823	75.913	5833	330.131
Total of initial initiatives of professional training at the expense of the employer
Number of employees involved	5841	2	5851
Number of actual training hours	5842	1.261	5852
Net costs for the company	5843	7.232	5853