Consolidated balance sheet

XLS

T€	Notes	31.12.2025	31.12.2024
Goodwill	(13)	738,745	555,793
Rights from concession arrangements	(14)	409,889	431,892
Other intangible assets	(15)	52,611	29,151
Property, plant and equipment	(16)	3,151,626	2,999,062
Investment property	(17)	329,748	222,302
Equity-accounted investments	(18)	595,282	525,671
Other investments	(19)	210,255	231,766
Receivables from concession arrangements	(22)	306,773	369,570
Other financial assets	(25)	342,385	336,271
Deferred tax	(20)	129,622	120,131
Non-current assets		6,266,936	5,821,609
Inventories	(21)	1,695,348	1,552,070
Receivables from concession arrangements	(22)	62,797	58,060
Contract assets	(23)	1,072,550	1,237,095
Trade receivables	(24)	1,839,594	1,745,277
Non-financial assets		253,980	222,738
Income tax receivables		69,962	48,185
Other financial assets	(25)	261,515	265,851
Cash and cash equivalents	(26)	4,323,258	3,723,695
Current assets		9,579,004	8,852,971
Assets		15,845,940	14,674,580

Share capital		118,222	118,222
Capital reserves		1,732,319	1,732,319
Retained earnings and other reserves		3,812,399	3,127,429
Non-controlling interests		21,076	22,400
Equity	(27)	5,684,016	5,000,370
Provisions	(28)	1,279,474	1,338,741
Financial obligations¹	(29)	597,832	632,690
Other financial liabilities	(31)	56,828	33,795
Deferred tax	(20)	417,888	282,344
Non-current liabilities		2,352,022	2,287,570
Provisions	(28)	1,478,790	1,313,274
Financial obligations²	(29)	231,039	294,578
Contract liabilities	(23)	1,587,682	1,539,731
Trade payables	(30)	2,979,205	2,790,820
Non-financial liabilities		632,689	613,604
Income tax liabilities		134,250	125,300
Other financial liabilities	(31)	766,247	709,333
Current liabilities		7,809,902	7,386,640
Equity and liabilities		15,845,940	14,674,580

1Thereof non-recourse bank debt from concession arrangements in the amount of T€ 288,595 (2024: T€ 307,753)

2Thereof non-recourse bank debt from concession arrangements in the amount of T€ 110,858 (2024: T€ 204,818)