Consolidated Balance Sheet

in € million	Notes	Dec. 31, 2024	Jun. 30, 2025

Assets
Intangible assets	D19	1,424.4	1,434.5
Property, plant and equipment		743.8	755.9
Investment properties	D20	78,343.1	80,529.0
Financial assets	D21	1,181.1	1,117.9
Investments accounted for using the equity method	D22	344.3	367.6
Other assets		267.0	63.1
Deferred tax assets		23.2	23.1
Total non-current assets		82,326.9	84,291.1

Inventories		13.2	14.2
Trade receivables		584.6	280.0
Financial assets	D21	866.8	527.9
Other assets		674.5	569.4
Income tax receivables		177.0	136.5
Cash and cash equivalents		1,756.7	1,655.7
Real estate inventories		1,608.0	1,664.5
Assets held for sale	D23	1,498.7	474.6
Assets from discontinued operations		729.9	522.6
Total current assets		7,909.4	5,845.4
Total assets		90,236.3	90,136.5

Equity and liabilities
Subscribed capital		822.9	835.6
Capital reserves		2,451.1	2,792.6
Retained earnings		21,149.1	20,847.7
Other reserves		-426.7	-285.0
Total equity attributable to Vonovia shareholders		23,996.4	24,190.9
Non-controlling interests		4,130.5	4,145.0
Total equity	E24	28,126.9	28,335.9

Provisions		584.5	575.5
Trade payables		6.0	7.6
Non-derivative financial liabilities	E25	37,448.3	36,371.6
Derivatives		59.6	242.9
Lease liabilities	E26	630.6	632.5
Liabilities to non-controlling interests		176.2	176.5
Financial liabilities from tenant financing		41.6	43.6
Other liabilities		84.3	112.2
Deferred tax liabilities		15,613.5	15,772.9
Total non-current liabilities		54,644.6	53,935.3

Provisions		340.6	448.8
Trade payables		524.2	534.2
Non-derivative financial liabilities	E25	5,202.7	5,631.4
Derivatives		1.1	3.0
Put options		311.2	279.8
Lease liabilities	E26	45.1	43.1
Liabilities to non-controlling interests		32.6	30.6
Financial liabilities from tenant financing		109.0	107.0
Current income taxes		244.7	179.5
Other liabilities		373.1	545.5
Liabilities associated with assets classified as held for sale		203.1	–
Liabilities from discontinued operations		77.4	62.4
Total current liabilities		7,464.8	7,865.3
Total liabilities		62,109.4	61,800.6
Total equity and liabilities		90,236.3	90,136.5