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Story: Michel Koning, rigger
Story: Sophie Kuijpers, product developer
Story: Joe McBride, project manager
Story: Gerard Murck, operations manager
Story: Krystal Hutchinson, project manager
Message from the CEO
Our strategy
Business performance
Risk management and governance
Supervisory board
Sustainability statement
Financial statements
Other information
Appendices
Annual Report 2025
Message from the CEO
Our strategy
2.1 Building a sustainable tomorrow
2.2 The world around us: our drivers and influencers
2.3 Our markets
2.4 Strategy 2024-2026: Focus, Transform, Expand
Value creation model
2.5 How we create value for society
2.6 The BAM Experience
Business performance
3.1 Financial performance
3.2 Sustainability performance
Carbon emissions
Risk management and governance
4.1 Risk management
4.2 Corporate governance and capital information
4.3 Supervisory Board and Executive Board
4.4 Executive Committee
Supervisory board
5.1 Report of the Supervisory Board
5.2 Remuneration report
Sustainability statement
6.1 Approach to sustainability reporting
6.2 General information and sustainability reporting principles
6.3 Environmental information
Climate change (ESRS E1)
Pollution (ESRS E2 – entity-specific)
Biodiversity and ecosystems (ESRS E4)
Resource use and circular economy (ESRS E5)
6.4 Social information
6.5 Governance information
6.6 EU taxonomy
6.7 Sustainability statement annex
Financial statements
Consolidated income statement
Consolidated statement of comprehensive income
Consolidated statement of financial position
Consolidated statement of changes in equity
Consolidated statement of cash flows
Notes to the consolidated financial statements
1. General information
2. Accounting policies
3. Critical accounting judgements and key sources of estimation uncertainties
4. Financial risk management
5. Segment information
6. Revenue and projects
7. Personnel expenses
8. Other income
9. Impairments
10. Finance income and expense
11. Income tax
12. Discontinued operations
13. Earnings per share
14. Property, plant and equipment
15. Leases
16. Intangible assets
17. Investments in joint ventures and associates
18. Other financial assets
19. Inventories
20. Trade and other receivables
21. Cash and cash equivalents
22. Assets held for sale
23. Group equity
24. Borrowings
25. Employee benefits
26. Provisions
27. Trade and other payables
28. Related parties
29. Share-based payments
30. Joint operations
31. Commitments
32. Contingencies
33. Audit fees
34. Events after the reporting period
Company statement of financial position
Company income statement
Notes to the company financial statements
1. Summary of the accounting policies
2. Intangible assets
3. Financial assets
4. Deferred tax assets
5. Receivables
6. Cash and cash equivalents
7. Equity attributable to shareholders of the Company
8. Provisions
9. Other liabilities
10. Internal charges
11. Other income
12. Employee benefit expenses
13. Income tax expense
14. Related parties
15. Commitments and contingencies
Other information
8.1 Independent auditor's report and limited assurance report on sustainability information
8.2 Articles of Association provisions governing the distribution of profit
8.3 Anti-takeover measures
8.4 List of principal subsidiaries, joint arrangements and associates
Appendices
9.1 Royal BAM Group nv shares
9.2 Ten-year overview
9.3 Glossary
Downloads
Message from the CEO
Our strategy
2.1 Building a sustainable tomorrow
2.2 The world around us: our drivers and influencers
2.3 Our markets
2.4 Strategy 2024-2026: Focus, Transform, Expand
Value creation model
2.5 How we create value for society
2.6 The BAM Experience
Business performance
3.1 Financial performance
3.2 Sustainability performance
Carbon emissions
Risk management and governance
4.1 Risk management
4.2 Corporate governance and capital information
4.3 Supervisory Board and Executive Board
4.4 Executive Committee
Supervisory board
5.1 Report of the Supervisory Board
5.2 Remuneration report
Sustainability statement
6.1 Approach to sustainability reporting
6.2 General information and sustainability reporting principles
6.3 Environmental information
Climate change (ESRS E1)
Pollution (ESRS E2 – entity-specific)
Biodiversity and ecosystems (ESRS E4)
Resource use and circular economy (ESRS E5)
6.4 Social information
6.5 Governance information
6.6 EU taxonomy
6.7 Sustainability statement annex
Financial statements
Consolidated income statement
Consolidated statement of comprehensive income
Consolidated statement of financial position
Consolidated statement of changes in equity
Consolidated statement of cash flows
Notes to the consolidated financial statements
1. General information
2. Accounting policies
3. Critical accounting judgements and key sources of estimation uncertainties
4. Financial risk management
5. Segment information
6. Revenue and projects
7. Personnel expenses
8. Other income
9. Impairments
10. Finance income and expense
11. Income tax
12. Discontinued operations
13. Earnings per share
14. Property, plant and equipment
15. Leases
16. Intangible assets
17. Investments in joint ventures and associates
18. Other financial assets
19. Inventories
20. Trade and other receivables
21. Cash and cash equivalents
22. Assets held for sale
23. Group equity
24. Borrowings
25. Employee benefits
26. Provisions
27. Trade and other payables
28. Related parties
29. Share-based payments
30. Joint operations
31. Commitments
32. Contingencies
33. Audit fees
34. Events after the reporting period
Company statement of financial position
Company income statement
Notes to the company financial statements
1. Summary of the accounting policies
2. Intangible assets
3. Financial assets
4. Deferred tax assets
5. Receivables
6. Cash and cash equivalents
7. Equity attributable to shareholders of the Company
8. Provisions
9. Other liabilities
10. Internal charges
11. Other income
12. Employee benefit expenses
13. Income tax expense
14. Related parties
15. Commitments and contingencies
Other information
8.1 Independent auditor's report and limited assurance report on sustainability information
8.2 Articles of Association provisions governing the distribution of profit
8.3 Anti-takeover measures
8.4 List of principal subsidiaries, joint arrangements and associates
Appendices
9.1 Royal BAM Group nv shares
9.2 Ten-year overview
9.3 Glossary
Home
Annual Report 2025
Message from the CEO
Our strategy
2.1 Building a sustainable tomorrow
2.2 The world around us: our drivers and influencers
2.3 Our markets
2.4 Strategy 2024-2026: Focus, Transform, Expand
Value creation model
2.5 How we create value for society
2.6 The BAM Experience
Business performance
3.1 Financial performance
3.2 Sustainability performance
Carbon emissions
Risk management and governance
4.1 Risk management
4.2 Corporate governance and capital information
4.3 Supervisory Board and Executive Board
4.4 Executive Committee
Supervisory board
5.1 Report of the Supervisory Board
5.2 Remuneration report
Sustainability statement
6.1 Approach to sustainability reporting
6.2 General information and sustainability reporting principles
6.3 Environmental information
Climate change (ESRS E1)
Pollution (ESRS E2 – entity-specific)
Biodiversity and ecosystems (ESRS E4)
Resource use and circular economy (ESRS E5)
6.4 Social information
6.5 Governance information
6.6 EU taxonomy
6.7 Sustainability statement annex
Financial statements
Consolidated income statement
Consolidated statement of comprehensive income
Consolidated statement of financial position
Consolidated statement of changes in equity
Consolidated statement of cash flows
Notes to the consolidated financial statements
1. General information
2. Accounting policies
3. Critical accounting judgements and key sources of estimation uncertainties
4. Financial risk management
5. Segment information
6. Revenue and projects
7. Personnel expenses
8. Other income
9. Impairments
10. Finance income and expense
11. Income tax
12. Discontinued operations
13. Earnings per share
14. Property, plant and equipment
15. Leases
16. Intangible assets
17. Investments in joint ventures and associates
18. Other financial assets
19. Inventories
20. Trade and other receivables
21. Cash and cash equivalents
22. Assets held for sale
23. Group equity
24. Borrowings
25. Employee benefits
26. Provisions
27. Trade and other payables
28. Related parties
29. Share-based payments
30. Joint operations
31. Commitments
32. Contingencies
33. Audit fees
34. Events after the reporting period
Company statement of financial position
Company income statement
Notes to the company financial statements
1. Summary of the accounting policies
2. Intangible assets
3. Financial assets
4. Deferred tax assets
5. Receivables
6. Cash and cash equivalents
7. Equity attributable to shareholders of the Company
8. Provisions
9. Other liabilities
10. Internal charges
11. Other income
12. Employee benefit expenses
13. Income tax expense
14. Related parties
15. Commitments and contingencies
Other information
8.1 Independent auditor's report and limited assurance report on sustainability information
8.2 Articles of Association provisions governing the distribution of profit
8.3 Anti-takeover measures
8.4 List of principal subsidiaries, joint arrangements and associates
Appendices
9.1 Royal BAM Group nv shares
9.2 Ten-year overview
9.3 Glossary
Downloads
Annual Report 2025
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Value creation model
Value creation model
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