20 Other Financial Result
Other Financial Result
in € million | 2024 | 2025 | |||
Income from other investments | 32.2 | 32.2 | |||
Transaction costs | -0.4 | -0.4 | |||
Purchase price liabilities from put options/rights | 5.1 | -27.5 | |||
Result from derivative valuation in connection with | -107.0 | -60.0 | |||
Result from currency translation | -0.2 | -0.9 | |||
Miscellaneous other financial result | -0.1 | -2.3 | |||
-70.4 | -58.9 | ||||
Net income from the valuation of derivatives in connection with equity instruments resulted from the subsequent measurement of the long-term call options that Vonovia received as part of the sale of two minority stakes in the Südewo portfolio and the northern Germany portfolio. The adjustment as of December 31, 2025 was determined primarily by the dividends already paid and the change in the WACC.
The income from investments includes financial income resulting from the delayed collection of profits from the investments in AVW GmbH & Co. KG, Hamburg, in the amount of € 20.9 million (2024: € 19.4 million) and G+D Gesellschaft für Energiemanagement mbH, Magdeburg, in the amount of € 5.4 million (2024: € 7.0 million), both in connection with housing-related services in the Value-add segment.
It also comprises financial income from investments in other residential real estate companies in the amount of € 5.9 million (2024: € 5.7 million).