Consolidated statement of financial position

(x €1,000)

Notes

31 December 2025

31 December 2024

Non-current assets

Property, plant and equipment

14

251,179

244,476

Right-of-use assets

15

282,790

241,214

Intangible assets

16

376,000

348,155

Investments in joint ventures and associates

17

180,640

177,014

Other financial assets

18

138,001

122,425

Employee benefits

25

35,095

46,123

Deferred tax assets

11

110,904

111,875

1,374,609

1,291,282

Current assets

Inventories

19

532,894

464,589

Trade and other receivables

20

1,290,259

1,260,883

Income tax receivable

20,314

20,288

Cash and cash equivalents

21

883,427

763,420

2,726,894

2,509,180

Assets classified as held for sale

22

-

90,544

2,726,894

2,599,724

Total assets

4,101,503

3,891,006

Notes

31 December 2025

31 December 2024

Equity

Equity attributable to owners of the Company

958,047

895,513

Non-controlling interests

394

26

Group equity

23

958,441

895,539

Non-current liabilities

Borrowings

24

56,347

59,838

Lease liabilities

15

190,364

178,100

Employee benefits

25

21,121

27,248

Provisions

26

85,806

64,646

Deferred tax liabilities

11

9,071

6,919

362,709

336,751

Current liabilities

Borrowings

24

34,591

7,012

Lease liabilities

15

100,446

78,263

Trade and other payables

27

2,503,589

2,433,603

Provisions

26

133,329

116,155

Income tax payable

8,398

23,683

2,780,353

2,658,716

Total equity and liabilities

4,101,503

3,891,006