v3.26.1
Assets and liabilities related to contracts with customers (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Of Deferred Income [Abstract]  
Schedule of 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  
Schedule of Movement in Deferred Income Recognised by the Group
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)