Financial Performance - Operating revenue for Fluxys Belgium reached EUR 608.8 million in 2024, an increase of EUR 16.0 million from EUR 592.8 million in 2023 [2] - Consolidated net profit rose to EUR 82.1 million in 2024, up from EUR 77.4 million in 2023, marking an increase of EUR 4.7 million [4][20] - EBITDA for 2024 was EUR 302.3 million, compared to EUR 285.8 million in 2023 [1] Investments and Assets - Investments in property, plant, and equipment totaled EUR 92.1 million in 2024, a decrease from EUR 167.7 million in 2023 [6] - Total property, plant, and equipment stood at EUR 1.8 billion in 2024, down from EUR 1.87 billion in 2023 [1] - Net financial debt decreased to EUR 159.8 million in 2024 from EUR 219.4 million in 2023 [1] Operational Highlights - The switch to high-calorific gas was successfully completed in 2024, eliminating the use of low-calorific gas in Belgium [9] - The first biomethane plant connected to the Fluxys network began operations in October 2024, producing enough biomethane for approximately 7,000 households [10] - Fluxys hydrogen was appointed as the operator of the hydrogen transmission network in Belgium, aligning with the federal hydrogen strategy [11][12] Regulatory and Strategic Developments - The 2024-2027 tariff methodology established by the regulator CREG aims to cover all reasonable costs and incentivize efficiency [5] - Fluxys Belgium is actively involved in the HY4Link project to develop cross-border hydrogen transmission infrastructure with partners in Luxembourg and France [13][14] - The company is committed to carbon capture, usage, and storage (CCUS) initiatives to support decarbonization efforts in Belgium [15] Workforce and ESG Initiatives - In 2024, Fluxys Belgium hired 91 new employees, bringing the total workforce to 982 [19] - The company is on track to meet its Environment, Social, and Governance (ESG) targets set in 2023 [18]
Fluxys Belgium - Regulated information: 2024 annual results