24. Borrowings
Non-current borrowings
|
Balance sheet value |
Effective interest % |
Average term in years |
||||
|---|---|---|---|---|---|---|
|
As at 31-12-2025 |
As at 31-12-2024 |
As at 31-12-2025 |
As at 31-12-2024 |
As at 31-12-2025 |
As at 31-12-2024 |
|
|
Private placement |
229.3 |
162.5 |
3.89 |
2.33 |
5.4 |
4.3 |
|
Subordinated loan |
83.8 |
99.7 |
2.01 |
1.99 |
2.6 |
3.6 |
|
Total |
313.1 |
262.2 |
||||
|
Weighted average |
3.58 |
2.21 |
5.0 |
4.1 |
||
The weighted average term has been calculated on the basis of the remaining terms of the individual loans.
Repayments on the above amounts are due within five years (€ 228.3 million) and after five years (€ 84.8 million).
Fair value of the main long-term loans
|
Balance sheet value as at 31-12-2025 |
Fair value as at 31-12-2025 |
Balance sheet value as at 31-12-2024 |
Fair value as at 31-12-2024 |
|
|---|---|---|---|---|
|
Private placement |
229.3 |
217.1 |
162.5 |
141.5 |
|
Subordinated loan |
83.8 |
79.1 |
99.7 |
93.3 |
Current borrowings
|
Balance sheet value |
Effective interest % |
|||
|---|---|---|---|---|
|
As at 31-12-2025 |
As at 31-12-2024 |
As at 31-12-2025 |
As at 31-12-2024 |
|
|
Private placement |
- |
119.7 |
- |
4.17 |
|
Subordinated loan |
16.0 |
- |
1.77 |
- |
|
Owed to credit institutions |
70.6 |
68.3 |
2.76 |
3.66 |
|
Total |
86.6 |
188.0 |
||