Universal Registration Document 2025

6.3 Consolidated balance sheet

6 Consolidated financial statements 2025 year

6.3 Consolidated balance sheet

6.3 CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET
(in millions of euros) Notes December 31, 2025 December 31, 2024
Assets AssetsNotes

 

AssetsDecember 31, 2025

 

AssetsDecember 31, 2024

 

Goodwill

Goodwill

Notes12

Goodwill

December 31, 2025

13,293

Goodwill

December 31, 2024

13,843

Intangible assets

Intangible assets

Notes13

Intangible assets

December 31, 2025

934

Intangible assets

December 31, 2024

1,069

Right-of-use assets related to leases

Right-of-use assets related to leases

Notes25

Right-of-use assets related to leases

December 31, 2025

1,542

Right-of-use assets related to leases

December 31, 2024

1,735

Property, plant and equipment

Property, plant and equipment

Notes14

Property, plant and equipment

December 31, 2025

596

Property, plant and equipment

December 31, 2024

608

Deferred tax assets

Deferred tax assets

Notes10

Deferred tax assets

December 31, 2025

221

Deferred tax assets

December 31, 2024

237

Equity-accounted investees

Equity-accounted investees

Notes15

Equity-accounted investees

December 31, 2025

68

Equity-accounted investees

December 31, 2024

79

Other non-current financial assets

Other non-current financial assets

Notes16

Other non-current financial assets

December 31, 2025

287

Other non-current financial assets

December 31, 2024

287

Non-current assets Non-current assetsNotes

 

Non-current assetsDecember 31, 202516,941 Non-current assetsDecember 31, 202417,858
Inventories and work-in-progress

Inventories and work-in-progress

Notes17

Inventories and work-in-progress

December 31, 2025

530

Inventories and work-in-progress

December 31, 2024

361

Trade receivables

Trade receivables

Notes18

Trade receivables

December 31, 2025

15,904

Trade receivables

December 31, 2024

15,595

Contract assets

Contract assets

Notes27

Contract assets

December 31, 2025

1,580

Contract assets

December 31, 2024

1,445

Current tax assets

Current tax assets

Notes

 

Current tax assets

December 31, 2025

235

Current tax assets

December 31, 2024

176

Other current financial assets

Other current financial assets

Notes19

Other current financial assets

December 31, 2025

169

Other current financial assets

December 31, 2024

176

Other receivables and current assets

Other receivables and current assets

Notes19

Other receivables and current assets

December 31, 2025

620

Other receivables and current assets

December 31, 2024

599

Cash and cash equivalents

Cash and cash equivalents

Notes20

Cash and cash equivalents

December 31, 2025

4,031

Cash and cash equivalents

December 31, 2024

3,644

Current assets Current assetsNotes

 

Current assetsDecember 31, 202523,069 Current assetsDecember 31, 202421,996
Total assets

Total assets

Notes

 

Total assets

December 31, 2025

40,010

Total assets

December 31, 2024

39,854