Universal Registration Document 2025

Note 18 Trade receivables

6.6 Notes to the consolidated financial statements

Note 18 Trade receivables

Note 18 Trade receivables

Trade receivables
(in millions of euros) December 31, 2025 December 31, 2024
Trade receivables(1)

Trade receivables

(1)
December 31, 2025

16,049

Trade receivables

(1)
December 31, 2024

15,755

Notes receivable

Notes receivable

December 31, 2025

4

Notes receivable

December 31, 2024

8

Gross value Gross valueDecember 31, 202516,053 Gross valueDecember 31, 202415,763
Opening impairment

Opening impairment

December 31, 2025

(168)

Opening impairment

December 31, 2024

(185)

Impairment over the year

Impairment over the year

December 31, 2025

(4)

Impairment over the year

December 31, 2024

(23)

Reversals during the year

Reversals during the year

December 31, 2025

17

Reversals during the year

December 31, 2024

45

Change in scope

Change in scope

December 31, 2025

(2)

Change in scope

December 31, 2024

(2)

Foreign exchange and others

Foreign exchange and others

December 31, 2025

8

Foreign exchange and others

December 31, 2024

(3)

Closing impairment Closing impairmentDecember 31, 2025(149) Closing impairmentDecember 31, 2024(168)
Net amount

Net amount

December 31, 2025

15,904

Net amount

December 31, 2024

15,595

Note 19 Other current financial assets, other receivables and current assets

Other current financial assets, other receivables and current assets
(in millions of euros) December 31, 2025 December 31, 2024
Derivatives hedging current assets and liabilities

Derivatives hedging current assets and liabilities

December 31, 2025

4

Derivatives hedging current assets and liabilities

December 31, 2024

1

Derivatives hedging Eurobond

Derivatives hedging Eurobond

December 31, 2025

12

Derivatives hedging Eurobond

December 31, 2024-
Derivatives hedging intercompany loans and borrowings

Derivatives hedging intercompany loans and borrowings

December 31, 2025

18

Derivatives hedging intercompany loans and borrowings

December 31, 2024

55

Other current financial assets, excluding derivatives

Other current financial assets, excluding derivatives

December 31, 2025

135

Other current financial assets, excluding derivatives

December 31, 2024

120

Other current financial assets

Other current financial assets

December 31, 2025

169

Other current financial assets

December 31, 2024

176

Taxes and levies

Taxes and levies

December 31, 2025

252

Taxes and levies

December 31, 2024

267

Advances to suppliers

Advances to suppliers

December 31, 2025

174

Advances to suppliers

December 31, 2024

176

Prepaid expenses

Prepaid expenses

December 31, 2025

198

Prepaid expenses

December 31, 2024

160

Gross value Gross valueDecember 31, 2025624 Gross valueDecember 31, 2024603
Impairment

Impairment

December 31, 2025

(4)

Impairment

December 31, 2024

(4)

Other receivables and current assets

Other receivables and current assets

December 31, 2025

620

Other receivables and current assets

December 31, 2024

599