Consolidated Balance sheet

as at 31 December

		2025	2024
In € millions	Note	31 December	31 December
Assets
Non-current assets
Intangible assets and goodwill	14	1,473	1,506
Property, plant and equipment	15	76	103
Right-of-use assets	16	222	228
Investments accounted for using the equity method	17	16	11
Other investments	18	4	4
Deferred tax assets	12	117	107
Pension assets for funded schemes in surplus	27	22	18
Other non-current assets	20	11	9
Total Non-current assets		1,941	1,986

Current assets
Inventories		0	0
Derivatives	19	5	10
Trade receivables	21	618	761
Contract assets (unbilled receivables)	22	579	619
Corporate tax receivables	12	49	51
Other current assets	23	113	101
Cash and cash equivalents	24	323	376
Total Current assets		1,687	1,918

Total Assets		3,628	3,904

		2025	2024
In € millions	Note	31 December	31 December
Equity & liabilities
Shareholders' equity
Total Equity attributable to equity holders of the Company	25,43	1,036	1,233
Non-controlling interests	26	(3)	(3)
Total Equity		1,033	1,230

Non-current liabilities
Provisions for employee benefits	27	25	27
Provisions for other liabilities and charges	28	55	50
Deferred tax liabilities	12	64	63
Loans and borrowings	29	610	772
Lease liabilities	16	194	192
Derivatives	19	-	1
Total Non-current liabilities		948	1,105

Current liabilities
Contract liabilities (billing in excess of revenue)	22	470	516
Provision for onerous contracts (loss provisions)	22	8	13
Current portion of provisions	27,28	23	13
Corporate tax liabilities	12	40	57
Current portion of loans and short-term borrowings	29	240	81
Current portion of lease liabilities	16	58	70
Derivatives	19	4	8
Bank overdrafts	24	29	1
Accounts payable, accrued expenses and other current liabilities	30	775	810
Total Current liabilities		1,647	1,569
Total Liabilities		2,595	2,674
Total Equity and liabilities		3,628	3,904