v3.26.1
Leases
12 Months Ended
Dec. 31, 2025
Leases 1 [Abstract]  
Leases Leases20.1 Amounts Recognized in the Consolidated Statements of Financial Position
Right-of-Use Assets
The following table presents the movements in right-of-use assets during the years ended December 31, 2025
and 2024 and their amounts within the consolidated statements of financial position as of the dates indicated:
(in millions €)
Land and buildings
Other operating
equipment
Total
As of January 1, 2024
209.8
4.6
214.4
Additions
67.2
7.2
74.4
Depreciation
(42.2)
(3.4)
(45.6)
Currency effects
3.3
1.7
5.0
Other
0.1
(0.2)
(0.1)
As of December 31, 2024
238.2
9.9
248.1
Acquisition of subsidiaries and businesses
37.1
1.7
38.8
Additions
8.8
0.2
9.0
Depreciation
(40.8)
(1.9)
(42.7)
Impairment
(14.5)
(14.5)
Currency effects
(10.0)
(1.6)
(11.6)
Other
(16.6)
(0.3)
(16.9)
As of December 31, 2025
202.2
8.0
210.2
Lease Liability
The following amounts are included in lease liabilities, loans and borrowings as of the dates indicated:
(in millions €)
December 31, 2025
December 31, 2024
Current
45.0
39.5
Non-current
185.3
214.7
Total
230.3
254.2
20.2 Amounts Recognized in the Consolidated Statements of Profit or Loss
Total Depreciation and Impairment Charge of Right-of-Use Assets
Years ended
December 31,
(in millions €)
2025
2024
2023
Land and buildings
55.3
42.2
40.7
Production facilities
3.0
Other operating equipment
1.9
3.4
1.5
Total depreciation and impairment charge
57.2
45.6
45.2
Interest on lease liabilities
8.2
8.6
5.7
Expense related to short-term leases and leases of low-value assets
43.3
43.3
58.9
Total amounts recognized in profit or loss
108.7
97.5
109.8
20.3 Amounts Recognized in the Consolidated Statements of Cash Flows
During the year ended December 31, 2025, the total cash outflow for leases amounted to €39.6 million (during
the year ended December 31, 2024: €43.6 million; during the year ended December 31, 2023: €46.0 million).
20.4 Extension Options
We have several lease contracts that include extension options. These options are negotiated by management
to provide flexibility in managing the leased asset portfolio and align with the need of the business. Management
exercises judgment in determining whether these extension options are reasonably certain to be exercised. The
undiscounted potential future lease payments, which relate to periods after the exercise date of renewal options
and are not included in lease liabilities, amount to up to €253.6 million as of December 31, 2025, considering
terms up until 2049 (as of December 31, 2024: €152.1 million considering terms up until 2049).