Universal Registration Document 2025

Board of directors

CONSOLIDATED BALANCE SHEET
(in millions of euros) Notes December 31, 2025 December 31, 2024
Equity and liabilities Equity and liabilitiesNotes

 

Equity and liabilitiesDecember 31, 2025

 

Equity and liabilitiesDecember 31, 2024

 

Share capital

Share capital

Notes

 

Share capital

December 31, 2025

102

Share capital

December 31, 2024

102

Additional paid-in capital and retained earnings, Group share

Additional paid-in capital and retained earnings, Group share

Notes

 

Additional paid-in capital and retained earnings, Group share

December 31, 2025

10,345

Additional paid-in capital and retained earnings, Group share

December 31, 2024

10,958

Equity attributable to holders of the Company Equity attributable to holders of the CompanyNotes21 Equity attributable to holders of the CompanyDecember 31, 202510,447 Equity attributable to holders of the CompanyDecember 31, 202411,060
Non-controlling interests

Non-controlling interests

Notes

 

Non-controlling interests

December 31, 2025

(23)

Non-controlling interests

December 31, 2024

(24)

Total equity Total equityNotes

 

Total equityDecember 31, 202510,424 Total equityDecember 31, 202411,036
Long-term borrowings

Long-term borrowings

Notes24

Long-term borrowings

December 31, 2025

3,082

Long-term borrowings

December 31, 2024

1,843

Long-term lease liabilities

Long-term lease liabilities

Notes25

Long-term lease liabilities

December 31, 2025

1,819

Long-term lease liabilities

December 31, 2024

2,099

Deferred tax liabilities

Deferred tax liabilities

Notes10

Deferred tax liabilities

December 31, 2025

229

Deferred tax liabilities

December 31, 2024

172

Pension commitments and other long-term benefits

Pension commitments and other long-term benefits

Notes23

Pension commitments and other long-term benefits

December 31, 2025

275

Pension commitments and other long-term benefits

December 31, 2024

271

Long-term provisions

Long-term provisions

Notes22

Long-term provisions

December 31, 2025

288

Long-term provisions

December 31, 2024

317

Non-current liabilities Non-current liabilitiesNotes

 

Non-current liabilitiesDecember 31, 20255,693 Non-current liabilitiesDecember 31, 20244,702
Short-term borrowings

Short-term borrowings

Notes24

Short-term borrowings

December 31, 2025

397

Short-term borrowings

December 31, 2024

872

Short-term lease liabilities

Short-term lease liabilities

Notes25

Short-term lease liabilities

December 31, 2025

363

Short-term lease liabilities

December 31, 2024

361

Trade payables

Trade payables

Notes26

Trade payables

December 31, 2025

19,866

Trade payables

December 31, 2024

19,375

Contract liabilities

Contract liabilities

Notes27

Contract liabilities

December 31, 2025

656

Contract liabilities

December 31, 2024

604

Current tax liabilities

Current tax liabilities

Notes

 

Current tax liabilities

December 31, 2025

312

Current tax liabilities

December 31, 2024

335

Pension commitments and other short-term benefits

Pension commitments and other short-term benefits

Notes23

Pension commitments and other short-term benefits

December 31, 2025

22

Pension commitments and other short-term benefits

December 31, 2024

21

Short-term provisions

Short-term provisions

Notes22

Short-term provisions

December 31, 2025

198

Short-term provisions

December 31, 2024

249

Other current financial liabilities

Other current financial liabilities

Notes26

Other current financial liabilities

December 31, 2025

157

Other current financial liabilities

December 31, 2024

310

Other creditors and current liabilities

Other creditors and current liabilities

Notes26

Other creditors and current liabilities

December 31, 2025

1,922

Other creditors and current liabilities

December 31, 2024

1,989

Current liabilities Current liabilitiesNotes

 

Current liabilitiesDecember 31, 202523,893 Current liabilitiesDecember 31, 202424,116
Total equity and liabilities

Total equity and liabilities

Notes

 

Total equity and liabilities

December 31, 2025

40,010

Total equity and liabilities

December 31, 2024

39,854