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Segment reporting - Consolidated Statement of Financial Position By Operating Segment (Details) - USD ($) $ in Thousands | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | --- | ---
ASSETS |  |  |
Vessels | $ 2,617,484 | $ 1,629,570 |
Assets under construction | 628,405 | 106,513 |
Right-of-use assets | 1,910 | 32,936 | $ 21,493
Other tangible assets | 21,628 | 644 |
Prepayments | 1,657 | 0 |
Intangible assets | 16,187 | 14,194 | 15,746
Receivables | 75,076 | 2,888 |
Investments | 61,806 | 518 |
Deferred tax assets | 10,074 | 280 |
Total non-current assets | 3,434,227 | 1,787,543 |
Total current assets | 470,819 | 1,631,737 |
TOTAL ASSETS | 3,905,046 | 3,419,280 |
EQUITY and LIABILITIES |  |  |
Total equity | 1,192,324 | 2,357,373 |
Bank and other loans | 1,450,869 | 362,235 |
Other notes | 198,887 | 198,219 |
Other borrowings | 667,361 | 71,248 |
Lease liabilities | 1,451 | 3,363 |
Other payables | 0 | 146 |
Employee benefits | 1,060 | 1,669 | $ 1,635
Provisions | 0 | 274 |
Deferred tax liabilities | 438 | 0 |
Total non-current liabilities | 2,320,066 | 637,154 |
Current liabilities | 392,656 | 424,753 |
TOTAL EQUITY and LIABILITIES | 3,905,046 | 3,419,280 |
Less: Eliminations |  |  |
ASSETS |  |  |
Vessels | 0 | 0 |
Assets under construction | 0 | 0 |
Right-of-use assets | 0 | 0 |
Other tangible assets | 0 | 0 |
Prepayments | 0 | 0 |
Intangible assets | 0 | 0 |
Receivables | (20,799) | 0 |
Investments | 0 | 0 |
Deferred tax assets | 0 | 0 |
Total non-current assets | (20,799) | 0 |
Total current assets | (567,763) | 0 |
TOTAL ASSETS | (588,562) | 0 |
EQUITY and LIABILITIES |  |  |
Total equity | 0 | 0 |
Bank and other loans | 0 | 0 |
Other notes | 0 | 0 |
Other borrowings | (11,679) | 0 |
Lease liabilities | 0 | 0 |
Other payables |  | 0 |
Employee benefits | 0 | 0 |
Provisions |  | 0 |
Deferred tax liabilities | 0 |  |
Total non-current liabilities | (11,679) | 0 |
Current liabilities | (576,883) | 0 |
TOTAL EQUITY and LIABILITIES | (588,562) | 0 |
Marine | Operating segments |  |  |
ASSETS |  |  |
Vessels | 2,617,484 | 1,629,570 |
Assets under construction | 628,405 | 106,513 |
Right-of-use assets | 1,304 | 32,936 |
Other tangible assets | 13,091 | 644 |
Prepayments | 0 | 0 |
Intangible assets | 15,917 | 14,194 |
Receivables | 95,650 | 2,888 |
Investments | 49,397 | 518 |
Deferred tax assets | 10,074 | 280 |
Total non-current assets | 3,431,322 | 1,787,543 |
Total current assets | 1,018,427 | 1,631,737 |
TOTAL ASSETS | 4,449,749 | 3,419,280 |
EQUITY and LIABILITIES |  |  |
Total equity | 1,155,901 | 2,357,373 |
Bank and other loans | 1,450,869 | 362,235 |
Other notes | 198,887 | 198,219 |
Other borrowings | 679,040 | 71,248 |
Lease liabilities | 932 | 3,363 |
Other payables |  | 146 |
Employee benefits | 1,060 | 1,669 |
Provisions |  | 274 |
Deferred tax liabilities | 12 |  |
Total non-current liabilities | 2,330,800 | 637,154 |
Current liabilities | 963,048 | 424,753 |
TOTAL EQUITY and LIABILITIES | 4,449,749 | $ 3,419,280 |
Euronav | Operating segments |  |  |
ASSETS |  |  |
Vessels | 1,456,324 |  |
Assets under construction | 129,332 |  |
Right-of-use assets | 761 |  |
Other tangible assets | 391 |  |
Prepayments | 0 |  |
Intangible assets | 13,080 |  |
Receivables | 49,762 |  |
Investments | 45,919 |  |
Deferred tax assets | 465 |  |
Total non-current assets | 1,696,034 |  |
Total current assets | 393,114 |  |
TOTAL ASSETS | 2,089,148 |  |
EQUITY and LIABILITIES |  |  |
Total equity | 504,775 |  |
Bank and other loans | 945,286 |  |
Other notes | 198,887 |  |
Other borrowings | 133,916 |  |
Lease liabilities | 520 |  |
Employee benefits | 1,060 |  |
Deferred tax liabilities | 0 |  |
Total non-current liabilities | 1,279,669 |  |
Current liabilities | 304,704 |  |
TOTAL EQUITY and LIABILITIES | 2,089,148 |  |
Bocimar | Operating segments |  |  |
ASSETS |  |  |
Vessels | 648,600 |  |
Assets under construction | 272,292 |  |
Right-of-use assets | 0 |  |
Other tangible assets | 0 |  |
Prepayments | 0 |  |
Intangible assets | 0 |  |
Receivables | 0 |  |
Investments | 0 |  |
Deferred tax assets | 0 |  |
Total non-current assets | 920,892 |  |
Total current assets | 31,856 |  |
TOTAL ASSETS | 952,748 |  |
EQUITY and LIABILITIES |  |  |
Total equity | 5,162 |  |
Bank and other loans | 248,482 |  |
Other notes | 0 |  |
Other borrowings | 304,323 |  |
Lease liabilities | 0 |  |
Employee benefits | 0 |  |
Deferred tax liabilities | 0 |  |
Total non-current liabilities | 552,805 |  |
Current liabilities | 394,781 |  |
TOTAL EQUITY and LIABILITIES | 952,748 |  |
Delphis | Operating segments |  |  |
ASSETS |  |  |
Vessels | 220,935 |  |
Assets under construction | 4,055 |  |
Right-of-use assets | 0 |  |
Other tangible assets | 0 |  |
Prepayments | 0 |  |
Intangible assets | 0 |  |
Receivables | 0 |  |
Investments | 0 |  |
Deferred tax assets | 7,531 |  |
Total non-current assets | 232,521 |  |
Total current assets | 7,403 |  |
TOTAL ASSETS | 239,924 |  |
EQUITY and LIABILITIES |  |  |
Total equity | 53,150 |  |
Bank and other loans | 64,539 |  |
Other notes | 0 |  |
Other borrowings | 79,512 |  |
Lease liabilities | 0 |  |
Employee benefits | 0 |  |
Deferred tax liabilities | 0 |  |
Total non-current liabilities | 144,051 |  |
Current liabilities | 42,723 |  |
TOTAL EQUITY and LIABILITIES | 239,924 |  |
Bochem | Operating segments |  |  |
ASSETS |  |  |
Vessels | 244,259 |  |
Assets under construction | 26,217 |  |
Right-of-use assets | 0 |  |
Other tangible assets | 0 |  |
Prepayments | 0 |  |
Intangible assets | 0 |  |
Receivables | 0 |  |
Investments | 0 |  |
Deferred tax assets | 0 |  |
Total non-current assets | 270,476 |  |
Total current assets | 5,455 |  |
TOTAL ASSETS | 275,931 |  |
EQUITY and LIABILITIES |  |  |
Total equity | 4,711 |  |
Bank and other loans | 25,406 |  |
Other notes | 0 |  |
Other borrowings | 149,611 |  |
Lease liabilities | 0 |  |
Employee benefits | 0 |  |
Deferred tax liabilities | 0 |  |
Total non-current liabilities | 175,017 |  |
Current liabilities | 96,203 |  |
TOTAL EQUITY and LIABILITIES | 275,931 |  |
Windcat | Operating segments |  |  |
ASSETS |  |  |
Vessels | 47,023 |  |
Assets under construction | 189,706 |  |
Right-of-use assets | 543 |  |
Other tangible assets | 372 |  |
Prepayments | 0 |  |
Intangible assets | 0 |  |
Receivables | 8,727 |  |
Investments | 3,417 |  |
Deferred tax assets | 0 |  |
Total non-current assets | 249,788 |  |
Total current assets | 40,383 |  |
TOTAL ASSETS | 290,171 |  |
EQUITY and LIABILITIES |  |  |
Total equity | 30,355 |  |
Bank and other loans | 159,842 |  |
Other notes | 0 |  |
Other borrowings | 0 |  |
Lease liabilities | 412 |  |
Employee benefits | 0 |  |
Deferred tax liabilities | 12 |  |
Total non-current liabilities | 160,266 |  |
Current liabilities | 99,550 |  |
TOTAL EQUITY and LIABILITIES | 290,171 |  |
Port vessels | Operating segments |  |  |
ASSETS |  |  |
Vessels | 343 |  |
Assets under construction | 6,803 |  |
Right-of-use assets | 0 |  |
Other tangible assets | 12,328 |  |
Prepayments | 0 |  |
Intangible assets | 2,837 |  |
Receivables | 37,161 |  |
Investments | 61 |  |
Deferred tax assets | 2,078 |  |
Total non-current assets | 61,611 |  |
Total current assets | 540,216 |  |
TOTAL ASSETS | 601,827 |  |
EQUITY and LIABILITIES |  |  |
Total equity | 557,748 |  |
Bank and other loans | 7,314 |  |
Other notes | 0 |  |
Other borrowings | 11,678 |  |
Lease liabilities | 0 |  |
Employee benefits | 0 |  |
Deferred tax liabilities | 0 |  |
Total non-current liabilities | 18,992 |  |
Current liabilities | 25,087 |  |
TOTAL EQUITY and LIABILITIES | 601,827 |  |
H2 Infra | Operating segments |  |  |
ASSETS |  |  |
Vessels | 0 |  |
Assets under construction | 0 |  |
Right-of-use assets | 176 |  |
Other tangible assets | 6,613 |  |
Prepayments | 948 |  |
Intangible assets | 0 |  |
Receivables | 225 |  |
Investments | 9,610 |  |
Deferred tax assets | 0 |  |
Total non-current assets | 17,572 |  |
Total current assets | 1,444 |  |
TOTAL ASSETS | 19,016 |  |
EQUITY and LIABILITIES |  |  |
Total equity | 17,320 |  |
Bank and other loans | 0 |  |
Other notes | 0 |  |
Other borrowings | 0 |  |
Lease liabilities | 159 |  |
Employee benefits | 0 |  |
Deferred tax liabilities | 0 |  |
Total non-current liabilities | 159 |  |
Current liabilities | 1,537 |  |
TOTAL EQUITY and LIABILITIES | 19,016 |  |
H2 Industry | Operating segments |  |  |
ASSETS |  |  |
Vessels | 0 |  |
Assets under construction | 0 |  |
Right-of-use assets | 430 |  |
Other tangible assets | 1,924 |  |
Prepayments | 709 |  |
Intangible assets | 270 |  |
Receivables | 0 |  |
Investments | 2,799 |  |
Deferred tax assets | 0 |  |
Total non-current assets | 6,132 |  |
Total current assets | 18,711 |  |
TOTAL ASSETS | 24,843 |  |
EQUITY and LIABILITIES |  |  |
Total equity | 19,103 |  |
Bank and other loans | 0 |  |
Other notes | 0 |  |
Other borrowings | 0 |  |
Lease liabilities | 360 |  |
Employee benefits | 0 |  |
Deferred tax liabilities | 426 |  |
Total non-current liabilities | 786 |  |
Current liabilities | 4,954 |  |
TOTAL EQUITY and LIABILITIES | $ 24,843 |  |

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