1.25 Personnel

1.25.1 Wages, salaries and temporary staff

The cost of share-based payments, accounted for in accordance with IFRS 2, is €248 thousand (2024: €181 thousand) and consists of the 25% increase in the variable bonus on conversion to shares that is charged in full to the result for the financial year. The total variable remuneration, including the share participation plan, amounts to €1.3 million (2024: €906 thousand).

The cost of converting variable remuneration in cash to shares is recognised as wages and salaries. The part of the remuneration relating to the share participation plan settled in the legal entity’s equity instruments has been added to the other reserve. The shares are issued at the average share price of January and February and issued by Hydratec in the next financial year.

The cost of redundancy payment plans is related to the restructuring of Hellevoetsluis.

1.25.2. Social security contributions and pension

1.25.3 Remuneration of members of the Supervisory Board and the Management Board

Hydratec’s key management comprises its directors, B. F Aangenendt and E. H. Slijkhuis.

For further details on remuneration payable in due course, please see the remuneration report.

As at the balance sheet date, Mr Aangenendt held 72,784 shares (2024: 72,441 shares) and Ms Slijkhuis held 1,260 shares on the balance sheet date (2024: 1,001 shares).