New standards with an effective date of 1 January 2025 or during 2025 have no significant impact on the 2025 consolidated financial statements. This concerns the amendment to IAS 21 relating to the effects of changes in exchange rates.
New standards and interpretations that have been issued but are not yet effective
For the reporting period starting on or after 1 January 2026, the following new standards, amendments and interpretations have been published that have not been applied (early) in the consolidated financial statements for this financial year. After a preliminary evaluation, only the implementation of IFRS 18 is expected to have a material impact on the Group’s consolidated financial statements, subject to endorsement of the standard by the European Union (EU endorsement).
The other future regulations are not expected to have a material impact on the Group’s consolidated financial statements:
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amendments to IFRS 9 and IFRS 7 relating to the classification and measurement of financial instruments, effective from 1 January 2026;
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amendments to IFRS 9 and IFRS 7 relating to nature-dependent electricity contracts, effective from 1 January 2026;
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IFRS 18 'Presentation and Disclosure in Financial Statements' replaces IAS 1 as of 1 January 2027 and forms the new basis for the presentation of financial statements under IFRS. The standard aims to strengthen the comparability and transparency of financial reporting through clarified definitions, new presentation requirements and more extensive disclosure requirements. IFRS 18 is expected to have a material effect on the Group’s consolidated financial statements. Among other things, the standard introduces revised classifications in the statement of profit or loss and new categories and subtotals; as a result, results from core activities will, among other things, be more clearly distinguished from results related to non-operating assets. Based on the preliminary impact analysis, the impact on operating result is limited. In addition, additional requirements apply to management-defined performance measures and stricter guidance on the (dis)aggregation of information. Two accounting policy choices applied by the Group in the cash flow statement in respect of interest paid and received will also cease to apply. As a result, certain cash flows will shift from operating cash flow to financing and investing cash flow respectively; and
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the new standard IFRS 19 'Subsidiaries without Public Accountability: Disclosures', effective from 1 January 2027.