The abridged balance sheet as at 31 December 2018 is shown below.
31 December 2018
31 December 2017
Equity and liabilities
Total equity and liabilities
The following notes explain the significant changes in the balance sheet as at 31 December 2018 relative to the situation as at 31 December 2017. Detailed information on balance sheet items is given in the financial statements.
Non-current assets as at 31 December 2018 increased by €238 million compared with 31 December 2017. This increase is mainly a consequence of the higher capital expenditure on the networks and meters in relation to the associated depreciation charges.
Current assets rose to €555 million compared with the balance at 31 December 2017. The increase of €38 million compared with 2017 was mainly a result of an increase in net cash and cash equivalents. The proceeds from the sale of Allego represent the main factor behind the positive cash flow in 2018.
Equity as at 31 December 2018 increased by €187 million compared with the level as at 31 December 2017, to €4,129 million. This increase is mainly accounted for by the net profit for 2018, amounting to €334 million, less the dividend distribution in 2018 relating to 2017 (€92 million). A summary of the movements can be found in note  of the financial statements.
Current and non-current liabilities
The amount of non-current liabilities was down by €30 million compared with 31 December 2017. This decline is mainly explained by the repayment of long-term loans.
The current liabilities as at 31 December 2018 were up by almost €120 million compared with the position as at year-end 2017, at €854 million, mainly as a result of the repayment liabilities on the Euro Medium Term Notes.
Shown below is a summary of the cash flow statement for 2018.