|
x € 1 million |
31 December 2025 |
31 December 2024 |
|
Bank balances |
184.7 |
102.6 |
|
Funds in blocked accounts |
5.3 |
2.8 |
|
Total cash and cash equivalents |
190.0 |
105.4 |
Cash and cash equivalents are used primarily for operating activities, dividend and strategic initiatives. Strategic initiatives include making equipment more sustainable, industrialisation of production and M&A activities.
6.19a Restricted cash and cash equivalents
Cash held in blocked accounts amounts to € 5.3 million (2024: € 2.8 million) and relates mainly to G-accounts to be held under the Chain Liability Act (Wet ketenaansprakelijkheid, WKA).
Of total cash and cash equivalents, € 80 million (2024: € 80 million) is held in joint operations. These cash and cash equivalents are only available in consultation with the joint venture partner(s) concerned.