2025 Universal Registration Document

6. 2025 parent company financial statements

Note 12 Intangible assets

Intangible assets

€ millions

31.12.2024

Acquisitions/ Depreciation

Disposals/ Reversals

Other movements

31.12.2025

Patents and trademarks(1)

Patents and trademarks(1)

31.12.2024

1,242.9

Patents and trademarks(1)

Acquisitions/ Depreciation

12.1

Patents and trademarks(1)

Disposals/ Reversals

(0.8)

Patents and trademarks(1)

Other movements

16.0

Patents and trademarks(1)

31.12.2025

1,270.2

Business goodwill(2)

Business goodwill(2)

31.12.2024

2,660.2

Business goodwill(2)

Acquisitions/ Depreciation

41.3

Business goodwill(2)

Disposals/ Reversals

(4.1)

Business goodwill(2)

Other movements

Business goodwill(2)

31.12.2025

2,697.4

IT solutions

IT solutions

31.12.2024

666.9

IT solutions

Acquisitions/ Depreciation

43.5

IT solutions

Disposals/ Reversals

(20.8)

IT solutions

Other movements

105.6

IT solutions

31.12.2025

795.2

Other intangible assets

Other intangible assets

31.12.2024

369.4

Other intangible assets

Acquisitions/ Depreciation

Other intangible assets

Disposals/ Reversals

Other intangible assets

Other movements

Other intangible assets

31.12.2025

369.4

Intangible assets in progress, prepayments to suppliers

Intangible assets in progress, prepayments to suppliers

31.12.2024

600.3

Intangible assets in progress, prepayments to suppliers

Acquisitions/ Depreciation

216.2

Intangible assets in progress, prepayments to suppliers

Disposals/ Reversals

(10.0)

Intangible assets in progress, prepayments to suppliers

Other movements

(124.6)

Intangible assets in progress, prepayments to suppliers

31.12.2025

681.9

Gross value

Gross value

31.12.2024

5,539.7

Gross value

Acquisitions/ Depreciation

313.1

Gross value

Disposals/ Reversals

(35.7)

Gross value

Other movements

(3.0)

Gross value

31.12.2025

5,814.1

Patents and trademarks

Patents and trademarks

31.12.2024

234.0

Patents and trademarks

Acquisitions/ Depreciation

21.9

Patents and trademarks

Disposals/ Reversals

(0.6)

Patents and trademarks

Other movements

Patents and trademarks

31.12.2025

255.2

Business goodwill

Business goodwill

31.12.2024

59.1

Business goodwill

Acquisitions/ Depreciation

Business goodwill

Disposals/ Reversals

Business goodwill

Other movements

Business goodwill

31.12.2025

59.1

IT solutions

IT solutions

31.12.2024

431.4

IT solutions

Acquisitions/ Depreciation

83.4

IT solutions

Disposals/ Reversals

(19.4)

IT solutions

Other movements

IT solutions

31.12.2025

495.7

Other intangible assets

Other intangible assets

31.12.2024

9.2

Other intangible assets

Acquisitions/ Depreciation

Other intangible assets

Disposals/ Reversals

Other intangible assets

Other movements

Other intangible assets

31.12.2025

9.2

Amortisation

Amortisation

31.12.2024

733.7

Amortisation

Acquisitions/ Depreciation

105.3

Amortisation

Disposals/ Reversals

(20.0)

Amortisation

Other movements

Amortisation

31.12.2025

819.0

Patents and trademarks

Patents and trademarks

31.12.2024

77.3

Patents and trademarks

Acquisitions/ Depreciation

1.3

Patents and trademarks

Disposals/ Reversals

Patents and trademarks

Other movements

Patents and trademarks

31.12.2025

78.5

Business goodwill

Business goodwill

31.12.2024

166.2

Business goodwill

Acquisitions/ Depreciation

Business goodwill

Disposals/ Reversals

(4.1)

Business goodwill

Other movements

Business goodwill

31.12.2025

162.2

IT solutions

IT solutions

31.12.2024

0.1

IT solutions

Acquisitions/ Depreciation

IT solutions

Disposals/ Reversals

IT solutions

Other movements

IT solutions

31.12.2025

0.1

Other intangible assets

Other intangible assets

31.12.2024

Other intangible assets

Acquisitions/ Depreciation

Other intangible assets

Disposals/ Reversals

Other intangible assets

Other movements

Other intangible assets

31.12.2025

Impairment

Impairment

31.12.2024

243.6

Impairment

Acquisitions/ Depreciation

1.3

Impairment

Disposals/ Reversals

(4.1)

Impairment

Other movements

Impairment

31.12.2025

240.8

NET VALUE

NET VALUE

31.12.2024

4,562.3

NET VALUE

Acquisitions/ Depreciation

206.5

NET VALUE

Disposals/ Reversals

(11.6)

NET VALUE

Other movements

(3.0)

NET VALUE

31.12.2025

4,754.2

At 31 December 2025, intangible assets relating to the information systems transformation programme included €158 million in net intangible assets and €608 million in intangible assets in progress.

Note 13 Property, plant and equipment

Property, plant and equipment
€ millions 31.12.2024 Acquisitions/ Depreciation Disposals/ Reversals Other movements 31.12.2025
Land

Land

31.12.2024

80.6

Land

Acquisitions/ Depreciation

2.5

Land

Disposals/ Reversals

Land

Other movements

10.5

Land

31.12.2025

93.6

Buildings

Buildings

31.12.2024

699.5

Buildings

Acquisitions/ Depreciation

10.9

Buildings

Disposals/ Reversals

(0.1)

Buildings

Other movements

22.2

Buildings

31.12.2025

732.6

Industrial machinery and equipment

Industrial machinery and equipment

31.12.2024

197.5

Industrial machinery and equipment

Acquisitions/ Depreciation

8.7

Industrial machinery and equipment

Disposals/ Reversals

(1.2)

Industrial machinery and equipment

Other movements

12.4

Industrial machinery and equipment

31.12.2025

217.4

Other property, plant and equipment

Other property, plant and equipment

31.12.2024

55.5

Other property, plant and equipment

Acquisitions/ Depreciation

0.9

Other property, plant and equipment

Disposals/ Reversals

(0.5)

Other property, plant and equipment

Other movements

5.4

Other property, plant and equipment

31.12.2025

61.3

Property, plant and equipment in progress, prepayments to suppliers

Property, plant and equipment in progress, prepayments to suppliers

31.12.2024

67.7

Property, plant and equipment in progress, prepayments to suppliers

Acquisitions/ Depreciation

29.7

Property, plant and equipment in progress, prepayments to suppliers

Disposals/ Reversals

Property, plant and equipment in progress, prepayments to suppliers

Other movements

(48.0)

Property, plant and equipment in progress, prepayments to suppliers

31.12.2025

49.4

Gross value Gross value

31.12.2024

1,100.8
Gross value

Acquisitions/ Depreciation

52.8
Gross value

Disposals/ Reversals

(1.8)
Gross value

Other movements

2.5
Gross value

31.12.2025

1,154.4
Land

Land

31.12.2024

2.7

Land

Acquisitions/ Depreciation

0.3

Land

Disposals/ Reversals

Land

Other movements

Land

31.12.2025

3.0

Buildings

Buildings

31.12.2024

414.8

Buildings

Acquisitions/ Depreciation

22.2

Buildings

Disposals/ Reversals

(0.1)

Buildings

Other movements

Buildings

31.12.2025

436.9

Industrial machinery and equipment

Industrial machinery and equipment

31.12.2024

167.9

Industrial machinery and equipment

Acquisitions/ Depreciation

10.4

Industrial machinery and equipment

Disposals/ Reversals

(1.0)

Industrial machinery and equipment

Other movements

Industrial machinery and equipment

31.12.2025

177.4

Other property, plant and equipment

Other property, plant and equipment

31.12.2024

44.8

Other property, plant and equipment

Acquisitions/ Depreciation

3.6

Other property, plant and equipment

Disposals/ Reversals

(0.5)

Other property, plant and equipment

Other movements

Other property, plant and equipment

31.12.2025

47.9

Amortisation Amortisation

31.12.2024

630.2
Amortisation

Acquisitions/ Depreciation

36.4
Amortisation

Disposals/ Reversals

(1.6)
Amortisation

Other movements

Amortisation

31.12.2025

665.1
Land

Land

31.12.2024

Land

Acquisitions/ Depreciation

Land

Disposals/ Reversals

Land

Other movements

Land

31.12.2025

Industrial machinery and equipment

Industrial machinery and equipment

31.12.2024

1.2

Industrial machinery and equipment

Acquisitions/ Depreciation

0.6

Industrial machinery and equipment

Disposals/ Reversals

Industrial machinery and equipment

Other movements

Industrial machinery and equipment

31.12.2025

1.8

Impairment Impairment

31.12.2024

1.2
Impairment

Acquisitions/ Depreciation

0.6
Impairment

Disposals/ Reversals

Impairment

Other movements

Impairment

31.12.2025

1.8
NET VALUE NET VALUE

31.12.2024

469.4
NET VALUE

Acquisitions/ Depreciation

15.8
NET VALUE

Disposals/ Reversals

(0.2)
NET VALUE

Other movements

2.5
NET VALUE

31.12.2025

487.5

The annual straight-line depreciation and amortisation charge for property, plant and equipment and intangible assets in 2025 amounted to €141.7 million.