1.29 Intangible fixed assets

1.29.1 Impairment test

An impairment test was carried out in October 2025 on the goodwill of Lan Handling Technologies, Royal Pas Reform and Rollepaal. The value in use was also determined on the basis of future cash flow projections over 5 years. These cash flow projections were taken from the internal long-term plans which are drawn up annually and approved by management. These are based partly on available relevant market data regarding expectations for the short and medium term. The market data comes in the form of industry reports by market research firms, trade associations and financial institutions.

Future cash flows were discounted at the discount rate in the table below, which is based on the specific risk profile (risk-free interest rate, margin for specific countries and company-specific risk premium). The impairment test did not lead to impairment of goodwill at year-end 2025 on the basis of the chosen assumptions. Based on the substantial headroom in the model, we have established that no impairment will result from reasonable adjustments to the key assumptions, either individually or when combined. That is why there are no notes on the sensitivity analysis.

1.29.2 Other intangible fixed assets

Other intangible fixed assets (customers, agents and brands) relate to:

• Industrial Systems’ operations which were identified on acquisition in 2011 and 2019.

• Rights relate to right-of-use of third-party patents.

• These patents are Rollepaal’s own patents.