Incidental items

Alliander’s results can be affected by incidental items and fair value movements. Alliander defines exceptional items as items that, in the management’s opinion, do not derive directly from the ordinary activities and/or whose nature and size are so significant that they must be considered separately to permit proper analysis of the underlying results. In 2024, exceptional items had a positive impact of €779 million on our net profit. In 2023, exceptional items provided a gain of €4 million. This means that the net profit, adjusted for these exceptional items, was €66 million lower than in the previous year. The middle column in the table below shows the exceptional items, with an explanation below.

Reported figures and figures excluding incidental items and fair value movements

Other income

(2024: €787 million; 2023: €5 million)

We sold our subsidiary Kenter B.V. in January 2024, which led to a one-off positive sales result of €757 million; this item is recognised under other income.

In December 2024, we also received compensation amounting to €30 million from the ACM for past removals of gas connections, which is recognised under other income.

The exceptional income in 2023 relates to the book profit of €5 million from the sale of our Spaklerweg site in June 2023.

Tax

(2024: €8 million income, 2023: €1 million income)

The income item of €8 million in 2024 and the income item of €1 million in 2023 are due to the impact of the aforementioned exceptional items on corporate income tax. As a result of the substantial-holding privilege, the profit from the sale of Kenter is exempt from corporate income tax.