XML 598 R55.htm IDEA: XBRL DOCUMENT v3.25.1

Interest-bearing loans and borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Financial Instruments [Abstract]

Schedule of financial liabilities activity by maturity

(in thousands of USD)						Bank loans						Other notes						Lease liabilities						Other borrowings						Total
More than 5 years						221,304						—						41						—						221,345
Between 1 and 5 years						1,042,938						197,556						5,783						71,011						1,317,288
More than 1 year						1,264,242						197,556						5,824						71,011						1,538,633
Less than 1 year						68,941						—						22,855						65,851						157,647
At January 1, 2023						1,333,183						197,556						28,679						136,862						1,696,280
New loans						2,124,850						—						2,312						569,277						2,696,439
Scheduled repayments						(72,644)						—						(21,311)						(544,856)						(638,811)
Early repayments						(2,861,080)						—						—						—						(2,861,080)
Remeasurement						—						—						27,158						—						27,158
Other changes						4,050						4,396						—						(346)						8,100
Translation differences						—						—						18						2,609						2,627
Balance at December 31, 2023						528,359						201,952						36,856						163,546						930,713
More than 5 years						30,203						—						206						52,337						82,746
Between 1 and 5 years						332,032						198,219						3,157						18,911						552,319
More than 1 year						362,235						198,219						3,363						71,248						635,065
Less than 1 year						166,124						3,733						33,493						92,298						295,648
Balance at December 31, 2023						528,359						201,952						36,856						163,546						930,713
						Bank loans						Other notes						Lease liabilities						Other borrowings						Total
More than 5 years						30,203						—						206						52,337						82,746
Between 1 and 5 years						332,032						198,219						3,157						18,911						552,319
More than 1 year						362,235						198,219						3,363						71,248						635,065
Less than 1 year						166,124						3,733						33,493						92,298						295,648
At January 1, 2024						528,359						201,952						36,856						163,546						930,713
New loans						1,971,542						—						332						750,983						2,722,857
Scheduled repayments						(177,638)						—						(33,604)						(377,540)						(588,782)

Early repayments						(999,690)						—						—						—						(999,690)
Acquisitions through business combinations (Note 26)						332,529						—						1,500						234,491						568,520
Other changes						(1,429)						668						(171)						(4,057)						(4,989)
Disposals through sale of subsidiary						—						—						(1,137)						—						(1,137)
Translation differences						(867)						—						(32)						(4,338)						(5,237)
Balance at December 31, 2024						1,652,806						202,620						3,744						763,085						2,622,255
More than 5 years						360,928						—						184						528,109						889,221
Between 1 and 5 years						1,089,941						198,887						1,267						139,252						1,429,347
More than 1 year						1,450,869						198,887						1,451						667,361						2,318,568
Less than 1 year						201,937						3,733						2,293						95,724						303,687
Balance at December 31, 2024						1,652,806						202,620						3,744						763,085						2,622,255

The following are the remaining contractual maturities of financial liabilities:

						Contractual cash flows December 31, 2023
(in thousands of USD)						Carrying Amount						Total						Less than 1 year						Between 1 and 5 years						More than 5 years
Non derivative financial liabilities
Bank loans and other notes (Note 17)						730,311						837,126						217,328						587,681						32,117
Other borrowings (Note 17)						163,546						214,641						99,058						40,363						75,220
Lease liabilities (Note 17)						36,856						37,732						33,806						3,651						276
Current trade and other payables * (Note 19)						106,613						106,613						106,613						—						—
						1,037,326						1,196,112						456,805						631,694						107,613
Derivative financial liabilities
Interest rate swaps (Note 19)						146						(9)						(876)						797						70
						146						(9)						(876)						797						70
						Contractual cash flows December 31, 2024
						Carrying Amount						Total						Less than 1 year						Between 1 and 5 years						More than 5 years
Non derivative financial liabilities
Bank loans and other notes (Note 17)						1,855,426						2,429,845						313,873						1,603,373						512,598
Other borrowings (Note 17)						763,085						1,111,977						143,799						292,668						675,510
Lease liabilities (Note 17)						3,744						4,138						2,397						1,517						224
Current trade and other payables * (Note 19)						52,073						52,073						52,073						—						—
						2,674,328						3,598,033						512,143						1,897,558						1,188,332

* Deferred income and VAT payables (included in other payables) (see Note 19), which are not financial liabilities, are not included.

Schedule of interest-bearing loans and borrowings

The terms and conditions of outstanding loans were as follows:

(in thousands of USD)																								December 31, 2024																		December 31, 2023
						Curr						Nominal interest rate						Year of mat.						Facility size						Drawn						Carrying value						Facility size						Drawn						Carrying value
Unsecured Revolving loan 80M						EUR						SOFR + CAS + 1.45%						2026						83,112						27,500						27,505						88,400						—						(66)
Secured FSO loan 161.1M						USD						SOFR + 2.15%						2030						148,727						148,727						147,464						124,809						124,809						123,728
Secured vessels loan Refi - Revolving loan 1,341M*						USD						SOFR + 2.30% - 2.90%						2028						995,207						750,000						743,637						725,000						—						(8,398)
Secured vessels loan Refi - Transition facility 375.0M						USD						SOFR + 2.30% - 2.90%						2025						—						—						—						368,225						368,225						365,662
Secured vessels loan Refi - Newbuild facility 190.0M						USD						SOFR + 2.30% - 2.90%						2028						—						—						—						47,500						47,500						47,433
Secured vessels loan 129.75M						USD						SOFR + 1.28% - 1.73%						2038						25,950						25,950						26,102						—						—						—
Secured vessels Revolving loan 182.5M*						USD						SOFR + 2.20% - 2.80%						2029						169,500						167,250						165,691						—						—						—
Credit Line Belfius Windcat EUR 1.25M						EUR						SOFR + 1.83%						—						1,299						1,299						1,299						—						—						—
Credit Line KBC Windcat EUR 1.25M						EUR						SOFR + 2.40%						—						1,299						1,299						1,299						—						—						—
Loan BNPPF EUR 151.2M						EUR						Euribor + 1.00%						2038						86,925						86,925						87,510						—						—						—
Loan CEXIM I 152M						USD						SOFR + 2.06%						2036						72,504						72,504						70,309						—						—						—
Loan CEXIM II 280M						USD						SOFR + 2.06%						2035						189,216						189,216						183,163						—						—						—
Loan CEXIM III 224M						USD						SOFR + 2.06%						2038						115,733						115,733						112,330						—						—						—
Loan KBC/Belfius Windcat EUR 78M						EUR						Euribor + 3.25%						2027						49,426						43,921						43,623						—						—						—
Loan SocGen EUR 154.7M						EUR						Euribor + 1.00% Euribor + 0.90%						2037 2039						34,276						34,276						34,634						—						—						—
Loan SocGen EUR 8.8M						EUR						Euribor + 1.10%						2033						8,228						8,228						8,240						—						—						—
Loan KfW 41.8M						USD						SOFR + 2.00%						2033						—						—						—						—						—						—
Total interest-bearing bank loans																								1,981,402						1,672,828						1,652,806						1,353,934						540,534						528,359

* The total amount available under the revolving loan Facilities depends on the total value of the fleet of tankers securing the facility.

(in thousands of USD)																								December 31, 2024																		December 31, 2023
						Curr						Nominal interest rate						Year of mat.						Facility size						Drawn						Carrying value						Facility size						Drawn						Carrying value
Unsecured notes						USD						6.25%						2026						200,000						200,000						202,620						200,000						200,000						201,952
Total other notes																								200,000						200,000						202,620						200,000						200,000						201,952

Schedule of future lease payments for leaseback agreement

The future lease payments for these leaseback agreements are as follows:

(in thousands of USD)						December 31, 2024						December 31, 2023
Less than one year						31,701						4,547
Between one and five years						141,251						19,130
More than five years						531,385						52,828
Total future lease payables						704,337						76,505

The future lease payments for these leaseback agreements are as follows:

(in thousands of USD)						December 31, 2024						December 31, 2023
Less than 1 year						—						30,495
Between 1 and 5 years						—						—
Total future lease payments						—						30,495

Schedule of reconciliation of liabilities and equity to cash flows arising from financing activities

Reconciliation of movements of liabilities to cash flows arising from financing activities

			Liabilities															Equity
			Loans and borrowings			Other Notes			Other borrowings						Lease liabilities			Share capital / premium			Reserves			Treasury shares			Retained earnings			Total
Balance at January 1, 2022			1,205,148			263,920			204,061						39,051			1,941,697			2,849			(164,104)			180,140			3,672,762
Changes from financing cash flows
Proceeds from loans and borrowings			1,038,450			—			—						—			—			—			—			—			1,038,450
Proceeds from issue of other borrowings			—			—			231,845						—			—			—			—			—			231,845
Proceeds from transfer of treasury shares			—			—			—						—			—			—			1,080			—			1,080
Repayment of sale and leaseback agreement			—			—			(22,667)						—			—			—			—			—			(22,667)
Transaction costs related to loans and borrowings			(5,871)			—			—						—			—			—			—			—			(5,871)
Repayment of borrowings			(909,470)			(67,200)			—						—			—			—			—			—			(976,670)
Repayment of commercial paper			—			—			(279,314)						—			—			—			—			—			(279,314)
Repayment of lease liabilities			—			—			—						(25,527)			—			—			—			—			(25,527)
Dividend paid			—			—			—						—			(24,213)			—			—			—			(24,213)
Total changes from financing cash flows			123,109			(67,200)			(70,136)						(25,527)			(24,213)			—			1,080			—			(62,887)
Other changes
Liability-related
Amortization of transaction costs			4,926			865			—						—			—			—			—			—			5,791
Amortization of above par issuance			—			(57)			—						—			—			—			—			—			(57)
Amortization of below par issuance			—			28			—						—			—			—			—			—			28
New leases			—			—			—						14,060			—			—			—			—			14,060
Interest expense (Note 6)			—			—			8,809						1,237			—			—			—			—			10,046
Translation differences			—			—			(5,873)						(142)			—			—			—			—			(6,015)
Total liability-related other changes			4,926			836			2,936						15,155			—			—			—			—			23,853
Total equity-related other changes (Note 15)			—			—			—						—			—			30,180			—			205,836			236,016
Balance at December 31, 2022			1,333,183			197,556			136,861						28,679			1,917,484			33,029			(163,024)			385,976			3,869,744

			Liabilities															Equity
			Loans and borrowings			Other Notes			Other borrowings						Lease liabilities			Share capital / premium			Reserves			Treasury shares			Retained earnings			Total
Balance at January 1, 2023			1,333,183			197,556			136,861						28,679			1,917,484			33,029			(163,024)			385,976			3,869,744
Changes from financing cash flows
Proceeds from loans and borrowings (Note 17)			2,124,850			—			—						—			—			—			—			—			2,124,850
Proceeds from issue of other borrowings (Note 17)			—			—			569,277						—			—			—			—			—			569,277
Proceeds from transfer of treasury shares (Note 15)			—			—			—						—			—			—			5,429			—			5,429
Repayment of sale and leaseback agreement (Note 17)			—			—			(96,006)						—			—			—			—			—			(96,006)
Transaction costs related to loans and borrowings (Note 17)			(13,761)			—			(769)						—			—			—			—			—			(14,530)
Repayment of borrowings (Note 17)			(2,933,724)			—			—						—			—			—			—			—			(2,933,724)
Repayment of commercial paper (Note 17)			—			—			(458,272)						—			—			—			—			—			(458,272)
Repayment of lease liabilities (Note 17)			—			—			—						(21,942)			—			—			—			—			(21,942)
Dividend paid			—			—			—						—			(211,807)			—			—			(418,733)			(630,540)
Total changes from financing cash flows			(822,635)			—			14,230						(21,942)			(211,807)			—			5,429			(418,733)			(1,455,458)
Other changes
Liability-related
Amortization of transaction costs (Note 17)			15,835			692			4						—			—			—			—			—			16,531
Amortization of above par issuance (Note 17)			—			(57)			—						—			—			—			—			—			(57)
Amortization of below par issuance (Note 17)			—			28			—						—			—			—			—			—			28
New leases (Note 17)			—			—			—						2,312			—			—			—			—			2,312
Remeasurement (Note 17)			—			—			—						27,158			—			—			—			—			27,158
Interest expense (Note 6)			—			—			9,423						631			—			—			—			—			10,054
Translation differences (Note 17)			—			—			2,609						18			—			—			—			—			2,627
Other			1,976			3,733			419						—			—			—			—			—			6,128
Total liability-related other changes			17,811			4,396			12,455						30,119			—			—			—			—			64,781
Total equity-related other changes (Note 15)			—			—			—						—			—			(31,654)			—			840,673			809,019
Balance at December 31, 2023			528,359			201,952			163,546						36,856			1,705,677			1,375			(157,595)			807,916			3,288,086

			Liabilities															Equity
			Loans and borrowings			Other Notes			Other borrowings						Lease liabilities			Share capital / premium			Reserves			Treasury shares			Retained earnings			Total
Balance at January 1, 2024			528,359			201,952			163,546						36,856			1,705,677			1,375			(157,595)			807,916			3,288,086
Changes from financing cash flows
Proceeds from loans and borrowings (Note 17)			1,971,542			—			—						—			—			—			—			—			1,971,542
Proceeds from issue of other borrowings (Note 17)			—			—			750,983						—			—			—			—			—			750,983
Proceeds from transfer of treasury shares (Note 15)			—			—			—						—			—			—			(126,913)			—			(126,913)
Repayment of sale and leaseback liability (Note 17)			—			—			(54,299)						—			—			—			—			—			(54,299)
Transaction costs related to loans and borrowings (Note 17)			(14,946)			—			(4,278)						—			—			—			—			—			(19,224)
Repayment of borrowings (Note 17)			(1,177,328)			—			—						—			—			—			—			—			(1,177,328)
Repayment of commercial paper (Note 17)			—			—			(357,171)						—			—			—			—			—			(357,171)
Repayment of lease liabilities (Note 17)			—			—			—						(33,879)			—			—			—			—			(33,879)
Dividend paid			—			—			—						—			(1,006,043)			—			—			(120,640)			(1,126,683)
Total changes from financing cash flows			779,268			—			335,235						(33,879)			(1,006,043)			—			(126,913)			(120,640)			(172,972)
Other changes
Liability-related
Amortization of transaction costs (Note 17)			8,260			697			306						—			—			—			—			—			9,263
Amortization of above par issuance (Note 17)			—			(57)			—						—			—			—			—			—			(57)
Amortization of below par issuance (Note 17)			—			28			—						—			—			—			—			—			28
New leases (Note 17)			—			—			—						332			—			—			—			—			332
Acquisitions through business combination (Note 17)			332,529			—			234,491						1,500			—			—			—			—			568,520
Disposals through sale of subsidiary			—			—			—						(1,137)			—			—			—			—			(1,137)
Interest expense (Note 6)			—			—			33,930						275			—			—			—			—			34,205
Translation differences (Note 17)			(867)			—			(4,338)						(32)			—			—			—			—			(5,237)
Other			5,257			—			(85)						(171)			—			—			—			—			5,001
Total liability-related other changes			345,179			668			264,304						767			—			—			—			—			610,918
Total equity-related other changes (Note 15)			—			—			—						—			—			(1,275)			—			89,822			88,547
Balance at December 31, 2024			1,652,806			202,620			763,085						3,744			699,634			100			(284,508)			777,098			3,814,579

X

- Definition

Disclosure Of Reconciliation Of Liabilities And Equity Arising From Financing Activities Explanatory

+ References

No definition available.

+ Details

Name:	eurn_DisclosureOfReconciliationOfLiabilitiesAndEquityArisingFromFinancingActivitiesExplanatoryTableTextBlock
Namespace Prefix:	eurn_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Financial Instruments [Abstract]

+ References

No definition available.

+ Details

Name:	eurn_FinancialInstrumentsAbstract
Namespace Prefix:	eurn_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Future Lease Payments For Leaseback Agreement [Table Text Block]

+ References

No definition available.

+ Details

Name:	eurn_ScheduleOfFutureLeasePaymentsForLeasebackAgreementTableTextBlock
Namespace Prefix:	eurn_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about borrowings. [Refer: Borrowings]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 7
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_7&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. [Refer: Derivative financial liabilities]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 39
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_39_a&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration