48. Provisions
Provisions can be broken down as follows:
| In millions of euros | 31 Dec. 2025 | 31 Dec. 2024 |
|---|---|---|
| Provision for deferred tax liabilities | - | 46.1 |
| Provision for long-service awards | 10.1 | 10.1 |
| Provision for post-employment fringe benefits for non-active and retired employees | 8.1 | 0.2 |
| Total provisions | 18.2 | 56.4 |
For more information on the provisions, see notes 10 ‘Deferred tax assets’ and 21 ‘Employee benefits’ to the consolidated financial statements.
Movements in the provision for deferred tax liabilities were as follows:
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Balance as at 1 January | 46.1 | 62.3 |
| Recognition of temporary differences in profit or loss | -49.8 | -16.2 |
| Recognition of temporary differences in equity | - | - |
| Balance as at 31 December | -3.7 | 46.1 |
| Reclassification to deferred tax assets | 3.7 | - |
| Balance as at 31 December | - | 46.1 |