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Consolidated statement of changes in equity

For the year ended 31 December 2024; amounts in € million

   

Reserve

 

Fund equity

General paid-in surplus

Property reserve

Derivatives

Legal

Other reserve

Total equity

Balance at 1 January 2023

35

1,414

3,578

(3)

6

2,268

7,298

        

Profit for the year

-

-

(827)

-

-

171

(656)

Other comprehensive income

-

-

-

1

(2)

-

(1)

Total comprehensive income

-

-

(827)

1

(2)

171

(657)

        

Realised from property sales

-

-

(16)

-

-

16

-

Capital paid in

-

-

-

-

-

-

-

Equity issued

1

116

-

-

-

-

117

Equity redemption

(1)

(166)

-

-

-

-

(167)

Distribution paid

-

(199)

-

-

-

-

(199)

        

Balance at 31 December 2023

35

1,166

2,735

(2)

4

2,455

6,392

        

Profit for the year

-

-

866

-

-

261

1,127

Other comprehensive income

-

-

-

1

1

-

2

Total comprehensive income

-

-

866

1

1

261

1,129

        

Realised from property sales

-

-

(58)

-

-

58

-

Capital paid in

-

-

-

-

-

-

-

Equity issued

1

90

-

-

-

-

91

Equity redemption

(1)

(140)

-

-

-

-

(141)

Distribution paid

-

(200)

-

-

-

-

(200)

Rounding adjustment

-

-

-

(1)

-

1

-

        

Balance at 31 December 2024

35

916

3,543

(2)

5

2,774

7,271

In 2024, Vesteda paid out €140 million in redemptions, consisting of the payout of the Redemption Available Cash of €50 million and one secondary transaction for a total of €90 million.

Other comprehensive income may be recognised as profit or loss in future periods.