Consolidated cash flow statement 2025
|
(in millions of euros) |
2025 |
2024 |
|
|
Result from continuing operations |
378 |
-124 |
|
|
Adjustments for: |
|||
|
Income tax |
54 |
6 |
|
|
Share in result from investments accounted for using the equity method |
1 |
-2 |
|
|
Depreciation and amortisation |
283 |
372 |
|
|
(Reversal of) impairment losses |
-468 |
90 |
|
|
Net financing result |
28 |
-30 |
|
|
Change in provisions |
-11 |
-16 |
|
|
Change in employee benefits obligations |
156 |
23 |
|
|
Change in other non-cash items |
41 |
3 |
|
|
Change in deferred income |
-17 |
-34 |
|
|
Result after adjustments |
445 |
288 |
|
|
Change in inventories |
-3 |
-10 |
|
|
Change in trade and other receivables |
-121 |
3 |
|
|
Change in current liabilities and income received in advance |
-50 |
103 |
|
|
Changes in working capital |
-174 |
96 |
|
|
Interest paid |
-76 |
-51 |
|
|
Income taxes paid |
- |
- |
|
|
Net cash flow from discontinued operations |
- |
34 |
|
|
Net cash flow from operating activities |
195 |
367 |
|
|
Finance income received |
15 |
15 |
|
|
Disposal/acquisition of subsidiaries (net of cash disposed/acquired) |
- |
-29 |
|
|
Acquisition of intangible assets and poperty, plant and equipment |
-330 |
-511 |
|
|
Received grants related to intangible assets and property, plant and equipment |
25 |
65 |
|
|
Acquisition of investment properties |
-3 |
-4 |
|
|
Receipts(payments) other investments |
1 |
0 |
|
|
Acquisition of non current financial assets, including investments |
-591 |
-712 |
|
|
Disposal of non current financial assets, including investments |
770 |
311 |
|
|
Disposal of intangible assets, property, plant and equipment and real estate |
8 |
3 |
|
|
Net investment cash flow from from discontinued operations |
9 |
91 |
|
|
Net cash flow from investing activities |
-96 |
-771 |
|
|
Net cash flow from operating and investing activities |
99 |
-404 |
|
|
Repayment of borrowings |
-62 |
-382 |
|
|
Repayment of lease liabilities |
-42 |
-42 |
|
|
New borrowings |
1 |
865 |
|
|
Net financing cash flow from discontinued operations |
-8 |
-48 |
|
|
Net cash flow from financing activities |
-111 |
393 |
|
|
Net decrease / increase in cash and cash equivalents |
-12 |
-11 |
|
|
Cash and cash equivalents at 1 January |
449 |
460 |
|
|
Foreign exchange and translation differences on cash and cashequivalents |
- |
- |
|
|
Cash and cash equivalents at 31 December |
437 |
449 |
|
- *This mainly concerns the acquisition and disposal of money market funds.