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47. Unappropriated result

Movements in the unappropriated result were as follows:

In millions of euros 2025 2024
     
Balance as at 1 January 67.8 482.3
     
Dividend paid - -266.0
Allocated to other reserves -67.8 -216.3
Result for the year 83.6 67.8
     
Balance as at 31 December 83.6 67.8

Appropriation of result for the 2024 financial year

We have agreed with our shareholder that we will apply all of our profits for the financial years 2024, 2025 and 2026 to our investments in the energy transition. As a result, we added the full profit for 2024 to the other reserves.

Result appropriation proposal for the 2025 financial year

We have agreed with our shareholder that we will apply all of our profits for the financial years 2024, 2025 and 2026 to our investments in the energy transition. The Executive Board therefore proposes that the profit for the 2025 financial year be added to ‘other reserves’ in full.

This proposal for appropriation of the result has not been recognised in the balance sheet as at 31 December 2025 or in the notes.