The changes on the liabilities side of the balance sheet reflect the restructuring of debt completed in the first half of the period.
| M€ | 2013 | 2014 |
| Gas Distribution licences | 713.4 | 713.4 |
| Net tangible fixed assets | 385.5 | 374.3 |
| Total Network Fixed Assets | 1,098.9 | 1,087.7 |
| Goodwill | 57.4 | 57.4 |
| Deferred Tax Asset | 30.8 | 32.3 |
| Other Non-current assets | 4.2 | 3.4 |
| Current assets | 40.0 | 41.0 |
| Cash | 33.4 | 55.4 |
| Total Assets | 1,264.6 | 1,277.2 |
| Equity | 230.5 | 436.7 |
| Subordinated Shareholders Loan | 194.0 | |
| Long Term Debt | 726.3 | 769.0 |
| Deferred Tax Liability | 23.5 | 27.8 |
| Other Non-current liabilities | 1.3 | 2.0 |
| Current liabilities | 89.0 | 41.7 |
| Total Liabilities & Shareholders equity | 1,264.6 | 1,277.2 |