• Annual report 2025
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17. Inventories

Inventories of maintenance materials consist of raw materials and materials for the production and maintenance of semi-finished and finished products of the maintenance company.

18. Trade and other receivables

Other receivables mainly consist of advance payments and security deposits for energy, lease, and automation contracts.

19. Cash and cash equivalents

Cash and bank balances amounted to €437 million as at 31 December 2025, and are fully available for use (31 December 2024: €449 million, fully available for use).

2. Revenue

The additional contributions from government bodies for 2025 include revenues relating to compensation for missed fare increases, the franchise subsidy for the Main Rail Network (HRN) and the financial implications of the agreements on risk sharing

20. Accruals and deferred items

Accruals as at 31 December 2025 amount to €4 million (31 December 2024: €6 million).

2025 Key figures

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