9. Management expenses
The management expenses comprise:
|
2025 |
2024 |
|
|
Salaries |
18 |
18 |
|
Social security charges |
3 |
2 |
|
Pension charges |
3 |
3 |
|
Depreciation expenses |
2 |
2 |
|
Other operating expenses |
25 |
21 |
|
Gross property management costs |
51 |
46 |
|
Presented within net rental income |
(16) |
(16) |
|
Total |
35 |
30 |
The gross property management costs were €51 million in 2025 (2024: €46 million), of which €16 million (2024: €16 million) was allocated to the result on property sales, net rental income and charged to acquisition projects. The other operating expenses mainly consists of temporary employee expenses, lease expenses, IT-expenses and advisory fees. The gross property management costs and the allocated expenses include the IFRS 16 related costs of €1.2 million (2024: €1.2 million).
In the year under review, the company employed an average of 234 people (2024: 237), which amounts to an average of 217 FTEs (2024: 221). All employees are employed in the Netherlands.