33. Related parties
All issued shares are held by the State. A significant transaction with a company affiliated with the State (Dienst Uitvoering Onderwijs) concerns the compensation received for the public transport student card (2025: €528 million, 2024: €523 million).
In 2025, the usage fee owed by NS for the use of the HSL-Zuid high-speed rail line amounted to €150 million. In addition to the usage fee for the use of the HSL-Zuid, an infrastructure levy of €312 million (2024: €314 million) is payable to ProRail. NS also received €109 million from ProRail for station maintenance.
In addition, in 2025 the Group recognised an amount of €156 million for various government schemes and subsidies (2024: €304 million). In 2025, these contributions were recognised under income in the amount of €202 million (2024: €241 million) and deducted from expenses in the amount of €nil million (2024: €1 million).
Translink Systems BV is wholly owned by Coöperatie Openbaar Vervoerbedrijven, of which NS is a member. Translink is involved in the development, implementation, and use of the electronic registration and payment system for public transport in the Netherlands. In 2025, the Group recognised payments to Translink amounting to €38 million (2024: €37 million) for products and services supplied. For services supplied by NS to Translink, the Group recognised payments from Translink amounting to €4 million in 2025 (2024: €4 million).
Transactions with related parties are conducted on an arm's length basis.
Transactions with the Executive Board and Supervisory Board are explained in note 3.
No significant transactions with joint ventures and other participating interests took place in 2025 and 2024.
Group companies
The most important companies included in the consolidated financial statements are:
|
Percentage of interest |
|||
|
2025 |
2024 |
Registered office |
|
|
Subsidiaries |
|||
|
NS Groep NV* |
100.0 |
100.0 |
Utrecht |
|
NS Reizigers BV* |
100.0 |
100.0 |
Utrecht |
|
NS Internationaal BV* |
100.0 |
100.0 |
Utrecht |
|
Thalys Nederland NV* |
100.0 |
100.0 |
Utrecht |
|
NS Mobiliteitsdiensten BV |
100.0 |
100.0 |
Utrecht |
|
Holding Serviceverlening Openbaar Vervoer BV |
60.0 |
60.0 |
Amersfoort |
|
NedTrain BV* |
100.0 |
100.0 |
Utrecht |
|
NS Stations BV* |
100.0 |
100.0 |
Utrecht |
|
NS Stations Retailbedrijf BV* |
100.0 |
100.0 |
Utrecht |
|
Stationsfoodstore BV* |
100.0 |
100.0 |
Utrecht |
|
NS OV-Fiets BV* |
100.0 |
100.0 |
Utrecht |
|
NS Fiets BV* |
100.0 |
100.0 |
Utrecht |
|
NS Stations International BV |
- |
100.0 |
Utrecht |
|
NS Vastgoed BV* |
100.0 |
100.0 |
Utrecht |
|
NS Poort Ontwikkeling BV |
- |
100.0 |
Utrecht |
|
NS Assurantie BV |
100.0 |
100.0 |
Utrecht |
|
NS Insurance NV |
100.0 |
100.0 |
Utrecht |
|
NS Innovatiefonds BV |
100.0 |
100.0 |
Utrecht |
|
Abellio Transport Holding BV |
100.0 |
100.0 |
Utrecht |
|
Abellio GmbH |
100.0 |
100.0 |
Berlijn |
|
Transport Holding Germany BV |
100.0 |
100.0 |
Utrecht |
|
Joint ventures |
|||
|
Hely Holding BV |
50.0 |
50.0 |
Amersfoort |
|
BeNe Rail International NV |
50.0 |
50.0 |
Brussel |
|
Other interests |
|||
|
Rivier BV |
46.7 |
46.7 |
Rotterdam |
|
Reisinformatiegroep BV |
41.7 |
41.7 |
Utrecht |
|
Eurofima AG |
5.8 |
5.8 |
Basel |
|
Transport UK Holdings Ltd |
1.0 |
1.0 |
Glasgow |
- *The parent company of the aforementioned companies has accepted liability for debts arising from legal acts in accordance with the provisions of Article 403, Book 2 of the Dutch Civil Code.