2025 Universal Registration Document

5.3 Compared Consolidated Balance Sheets

5. 2025 Consolidated Financial Statements

5.3 Compared Consolidated Balance Sheets

5.3 Compared Consolidated Balance Sheets

Assets

Assets
€ millions Notes 31.12.2025 31.12.2024 31.12.2023
Non-current assets Non-current assets

Notes

 

Non-current assets

31.12.2025

39,622.7
Non-current assets

31.12.2024

39,879.9
Non-current assets

31.12.2023

35,529.7
Goodwill

Goodwill

Notes

7.1

Goodwill

31.12.2025

14,469.7

Goodwill

31.12.2024

13,382.0

Goodwill

31.12.2023

13,102.6

Other intangible assets

Other intangible assets

Notes

7.2

Other intangible assets

31.12.2025

5,072.0

Other intangible assets

31.12.2024

4,594.8

Other intangible assets

31.12.2023

4,287.1

Right-of-use assets

Right-of-use assets

Notes

3.2

Right-of-use assets

31.12.2025

1,663.2

Right-of-use assets

31.12.2024

1,763.2

Right-of-use assets

31.12.2023

1,692.4

Property, plant and equipment

Property, plant and equipment

Notes

3.2

Property, plant and equipment

31.12.2025

4,211.9

Property, plant and equipment

31.12.2024

4,202.0

Property, plant and equipment

31.12.2023

3,867.7

Non-current financial assets

Non-current financial assets

Notes

9.3

Non-current financial assets

31.12.2025

12,867.3

Non-current financial assets

31.12.2024

14,838.1

Non-current financial assets

31.12.2023

11,631.6

Investments accounted for under the equity method

Investments accounted for under the equity method

Notes

8

Investments accounted for under the equity method

31.12.2025

376.0

Investments accounted for under the equity method

31.12.2024

126.4

Investments accounted for under the equity method

31.12.2023

27.0

Deferred tax assets

Deferred tax assets

Notes

6.3

Deferred tax assets

31.12.2025

962.7

Deferred tax assets

31.12.2024

973.3

Deferred tax assets

31.12.2023

921.2

Current assets Current assets

Notes

 

Current assets

31.12.2025

22,198.5
Current assets

31.12.2024

16,473.5
Current assets

31.12.2023

16,325.4
Inventories

Inventories

Notes

3.3

Inventories

31.12.2025

4,543.3

Inventories

31.12.2024

4,630.1

Inventories

31.12.2023

4,482.4

Trade accounts receivable

Trade accounts receivable

Notes

3.3

Trade accounts receivable

31.12.2025

5,500.3

Trade accounts receivable

31.12.2024

5,601.8

Trade accounts receivable

31.12.2023

5,092.7

Other current assets

Other current assets

Notes

3.3

Other current assets

31.12.2025

2,063.8

Other current assets

31.12.2024

1,955.3

Other current assets

31.12.2023

2,270.6

Current tax assets

Current tax assets

Notes

 

Current tax assets

31.12.2025

226.0

Current tax assets

31.12.2024

234.1

Current tax assets

31.12.2023

191.6

Cash and cash equivalents

Cash and cash equivalents

Notes

9.2

Cash and cash equivalents

31.12.2025

9,865.0

Cash and cash equivalents

31.12.2024

4,052.3

Cash and cash equivalents

31.12.2023

4,288.1

TOTAL TOTAL

Notes

 

TOTAL

31.12.2025

61,821.2
TOTAL

31.12.2024

56,353.4
TOTAL

31.12.2023

51,855.1

Equity & liabilities

Equity & liabilities
€ millions Notes 31.12.2025 31.12.2024 31.12.2023
Equity Equity

Notes

11
Equity

31.12.2025

35,003.8
Equity

31.12.2024

33,137.8
Equity

31.12.2023

29,081.6
Share capital

Share capital

Notes

 

Share capital

31.12.2025

106.8

Share capital

31.12.2024

106.9

Share capital

31.12.2023

106.9

Additional paid-in capital

Additional paid-in capital

Notes

 

Additional paid-in capital

31.12.2025

3,509.8

Additional paid-in capital

31.12.2024

3,444.3

Additional paid-in capital

31.12.2023

3,370.2

Other reserves

Other reserves

Notes

 

Other reserves

31.12.2025

18,166.5

Other reserves

31.12.2024

16,144.8

Other reserves

31.12.2023

13,799.1

Other comprehensive income

Other comprehensive income

Notes

 

Other comprehensive income

31.12.2025

7,043.0

Other comprehensive income

31.12.2024

7,028.6

Other comprehensive income

31.12.2023

5,614.2

Net profit attributable to owners of the Company

Net profit attributable to owners of the Company

Notes

 

Net profit attributable to owners of the Company

31.12.2025

6,127.2

Net profit attributable to owners of the Company

31.12.2024

6,408.7

Net profit attributable to owners of the Company

31.12.2023

6,184.0

Equity attributable to owners of the Company Equity attributable to owners of the Company

Notes

 

Equity attributable to owners of the Company

31.12.2025

34,953.2
Equity attributable to owners of the Company

31.12.2024

33,133.3
Equity attributable to owners of the Company

31.12.2023

29,074.3
Non-controlling interests

Non-controlling interests

Notes

 

Non-controlling interests

31.12.2025

50.6

Non-controlling interests

31.12.2024

4.5

Non-controlling interests

31.12.2023

7.3

Non-current liabilities Non-current liabilities

Notes

 

Non-current liabilities

31.12.2025

11,450.9
Non-current liabilities

31.12.2024

8,579.6
Non-current liabilities

31.12.2023

7,873.8
Provisions for employee retirement obligations and related benefits

Provisions for employee retirement obligations and related benefits

Notes

5.4

Provisions for employee retirement obligations and related benefits

31.12.2025

684.0

Provisions for employee retirement obligations and related benefits

31.12.2024

668.9

Provisions for employee retirement obligations and related benefits

31.12.2023

562.0

Provisions for liabilities and charges

Provisions for liabilities and charges

Notes

12.1

Provisions for liabilities and charges

31.12.2025

84.5

Provisions for liabilities and charges

31.12.2024

76.8

Provisions for liabilities and charges

31.12.2023

68.8

Non-current tax liabilities

Non-current tax liabilities

Notes

6

Non-current tax liabilities

31.12.2025

236.6

Non-current tax liabilities

31.12.2024

224.3

Non-current tax liabilities

31.12.2023

255.7

Deferred tax liabilities

Deferred tax liabilities

Notes

6.3

Deferred tax liabilities

31.12.2025

1,013.2

Deferred tax liabilities

31.12.2024

964.5

Deferred tax liabilities

31.12.2023

846.6

Non-current borrowings and debt

Non-current borrowings and debt

Notes

9.1

Non-current borrowings and debt

31.12.2025

8,069.7

Non-current borrowings and debt

31.12.2024

5,187.1

Non-current borrowings and debt

31.12.2023

4,746.7

Non-current lease debt

Non-current lease debt

Notes

9.1

Non-current lease debt

31.12.2025

1,362.9

Non-current lease debt

31.12.2024

1,458.0

Non-current lease debt

31.12.2023

1,394.2

Current liabilities Current liabilities

Notes

 

Current liabilities

31.12.2025

15,366.5
Current liabilities

31.12.2024

14,636.0
Current liabilities

31.12.2023

14,899.7
Trade accounts payable

Trade accounts payable

Notes

 

Trade accounts payable

31.12.2025

6,727.7

Trade accounts payable

31.12.2024

6,468.5

Trade accounts payable

31.12.2023

6,347.0

Provisions for liabilities and charges

Provisions for liabilities and charges

Notes

12.1

Provisions for liabilities and charges

31.12.2025

1,117.7

Provisions for liabilities and charges

31.12.2024

1,093.1

Provisions for liabilities and charges

31.12.2023

977.2

Other current liabilities

Other current liabilities

Notes

3.4

Other current liabilities

31.12.2025

4,782.9

Other current liabilities

31.12.2024

4,949.6

Other current liabilities

31.12.2023

4,816.1

Income tax

Income tax

Notes

 

Income tax

31.12.2025

254.8

Income tax

31.12.2024

275.1

Income tax

31.12.2023

208.1

Current borrowings and debt

Current borrowings and debt

Notes

9.1

Current borrowings and debt

31.12.2025

2,048.9

Current borrowings and debt

31.12.2024

1,381.3

Current borrowings and debt

31.12.2023

2,091.5

Current lease debt

Current lease debt

Notes

9.1

Current lease debt

31.12.2025

434.5

Current lease debt

31.12.2024

468.6

Current lease debt

31.12.2023

459.8

TOTAL TOTAL

Notes

 

TOTAL

31.12.2025

61,821.2
TOTAL

31.12.2024

56,353.4
TOTAL

31.12.2023

51,855.1