19. Contract liabilities
Contract liabilities relate to recognition of our revenue from contracts with customers. The payment schedule for certain contracts is not synchronous with the way in which we are required to allocate revenues to the financial reporting periods. This happens in the case of, for instance, contracts in which customers have made a financial contribution to an investment in specific transport capacity. We attribute these contributions to the contract with the customer, which we assume has a term equal to the useful life of the asset to which the customer contribution relates.
Movements in contract liabilities were as follows:
| In millions of euros | 2025 | 2024 |
|---|---|---|
| Balance as at 1 January | 90.4 | 91.8 |
| Recorded as net revenue | -7.7 | -6.0 |
| Accrued interest | 4.0 | 3.5 |
| New contract liabilities | 1.5 | 1.1 |
| Changes in contract liabilities | 13.7 | - |
| Total | 101.9 | 90.4 |
| Included under current liabilities | -5.9 | -5.3 |
| Balance as at 31 December | 96.0 | 85.1 |
In 2025, there were mainly movements in existing contract liabilities in Germany, which related mostly to financial contributions for the construction of connections to the Brunsbüttel LNG terminal. These connections are subject to a fixed customer contribution calculated as a percentage of the investment. Due to the higher-than-expected investments, the associated customer contributions also turned out higher. We have recognised the current part of the contract liabilities separately under current liabilities.