BALANCE SHEET
Full release of balance sheet data as at 31 December 2025
will be available on 26th March, 2026
Net Invested Capital
€ million
Source of Financing
€ million
| € million |
FY 2020
|
FY 2021
|
FY 2022
|
FY 2023
|
FY 2024
|
| Intangible assets | 5,582 | 5,486 | 5,383 | 5,264 | 5,160 |
| Tangible assets | 3,160 | 3,289 | 3,400 | 3,409 | 3,428 |
| Financial Investments | 115 | 138 | 129 | 139 | 184 |
| Net operating working capital | 117 | 125 | 121 | 21 | 9 |
| Other payables / receivables | 23 | 1 | 42 | 46 | 42 |
| Net Invested Capital | 8,998 | 9,038 | 9,074 | 8,879 | 8,823 |
|---|
| Net equity | 4,552 | 5,043 | 5,454 | 5,620 | 5,912 |
| Provisions | 1,187 | 1,088 | 1,068 | 998 | 985 |
| Net financial position | 3,258 | 2,907 | 2,553 | 2,262 | 1,926 |
| Source of financing | 8,998 | 9,038 | 9,074 | 8,879 | 8,823 |
|---|