The net financing income and expense is broken down as follows:
|
x € 1 million |
2025 |
2024 |
||
|
Interest income |
6.0 |
7.7 |
||
|
Finance income |
6.0 |
7.7 |
||
|
Interest expense |
-4.6 |
-10.2 |
||
|
Interest expense lease liabilities |
-5.4 |
-4.1 |
||
|
Capitalised interest expense |
0.0 |
0.4 |
||
|
Other financial results |
0.1 |
0.0 |
||
|
Finance expenses |
-9.9 |
-13.9 |
||
|
Net |
-3.9 |
-6.2 |
Cumulative finance expenses amount to € 3.9 million (2024: € 6.2 million). The decrease compared to 2024 is mainly explained by the absence of interest expense (including amortisation) on the linear loan drawn in 2023 for the acquisition of Whoon, which was fully repaid at the end of 2024.
The interest rate applied in determining the borrowing costs to be capitalised is 3.0% in 2025 (2024: 3.0%). No interest is capitalised for projects under construction.