18. Trade and other receivables
|
(in millions of euros) |
31 December 2025 |
31 December 2024 |
|
Accounts receivable |
106 |
81 |
|
Revenue to be invoiced |
157 |
159 |
|
Other receivables |
231 |
131 |
|
Total |
494 |
371 |
Other receivables mainly consist of advance payments and security deposits for energy, lease, and automation contracts. The increase in other receivables is mainly due to a claim against the Ministry of Infrastructure and Water Management under franchise provisions.
Trade receivable and other receivables include an amount of €101 million (2024: €4 million) relating to ProRail and the national government and an amount of €20 million (2024: €16 million) relating to Translink Systems BV.
The aging of trade receivables on the reporting date was as follows:
|
31 December 2025 |
31 December 2024 |
|||
|
(in millions of euros) |
Gross |
Provided |
Gross |
Provided |
|
Not yet due |
73 |
- |
58 |
- |
|
Due 0-30 days |
17 |
1 |
8 |
1 |
|
Due 31-120 days |
10 |
2 |
6 |
1 |
|
Due 121-180 days |
2 |
1 |
2 |
1 |
|
Due 181-360 days |
6 |
3 |
4 |
1 |
|
Due more than one year |
12 |
7 |
13 |
6 |
|
Total |
120 |
14 |
91 |
10 |
Impairment charges
Changes in the provision for impairment charges relating to trade receivables during the year were as follows:
|
(in millions of euros) |
2025 |
2024 |
|
Balance as at 1 January |
10 |
12 |
|
Additions |
13 |
8 |
|
Withdrawals |
-8 |
-6 |
|
Release |
-1 |
-4 |
|
Balance as at 31 December |
14 |
10 |
Accounting policy
Trade receivables and other receivables are initially recognised at fair value plus any directly attributable transaction costs. After initial recognition, they are measured at amortised cost using the effective interest method.
The Group recognises an impairment provision equal to the expected credit losses on trade and other receivables. The main components of this provision are a specific loss provision for individual significant positions and a collective loss provision for groups of similar assets in connection with losses that are expected but have not yet been identified. The collective loss provision is determined on the basis of historical payment data for similar financial assets.
Provisions relating to receivables are made if there is an impairment, unless the Group is certain that it will be impossible to recover the amount due. In the latter case, the amount is classified as uncollectible and immediately written off against the relevant financial asset.