Assets and liabilities related to contracts with customers

12 Months Ended

Dec. 31, 2025

Note 21—Assets and liabilities related to contracts with customers

The Group has recognized the following assets and liabilities related to contracts with customers:


€ million	2025			2024
Current contract assets
Trade receivables		576			429
Provision for trade receivables		(70	)		(80	)

Trade receivables, net of provisions		506			349
Unbilled accrued revenue		175			139
Provision for unbilled accrued revenue		(23	)		(4	)

Unbilled accrued revenue, net of provisions		152			135
Deferred customer contract costs		8			2

Total		666			486

Non-current contract assets
Unbilled accrued revenue		133			137
Provision for unbilled accrued revenue		(42	)		(30	)

Unbilled accrued revenue, net of provisions		91			107
Deferred customer contract costs		19			1

Total		110			108
Current contract liabilities
Deferred income		303			225
Non-current contract liabilities
Deferred income		522			338

The following table shows the movement in deferred income recognized by the Group:


€ million	Non-current			Current
As at 1 January 2025		338			225
Business combination		322			130
Revenue recogni z ed during the year		—			(2,057	)
New billings		—			2,006
Other movements*		(110	)		12
Impact of currency translation		(28	)		(13	)
As at 31 December 2025		522			303

*	Other movements include reclassifications (between current and non-current, upfront and deferred, as well as against trade receivables)


€ million	Non-current			Current
As at 1 January 2024		337			224
Revenue recognized during the year		—			(1,884	)
New billings		—			1,810
Other movements*		(12	)		70
Impact of currency translation		13			5
As at 31 December 2024		338			225

*	Other movements include reclassifications (between current and non-current, upfront and deferred, as well as against trade receivables)