Orange Belgium Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	80.6	58.25	47.72	35.9	53.74
Short-Term Investments	2	2.13	0	-	0.42
Cash & Short-Term Investments	82.6	60.37	47.72	35.9	54.15
Cash Growth	36.82%	26.51%	32.94%	-33.71%	-11.48%
Accounts Receivable	372.5	330.47	306.59	226.36	238.84
Other Receivables	5	9.82	5.34	4	9.45
Receivables	377.5	340.29	311.93	230.36	248.29
Inventory	38.3	53.56	75.32	28.42	27.54
Prepaid Expenses	11.2	-	0.36	-	1.46
Other Current Assets	11.8	14.11	27.47	20.51	18.9
Total Current Assets	521.4	468.33	462.8	315.18	350.35
Property, Plant & Equipment	1,995	1,976	1,988	904.93	961.93
Long-Term Investments	9.2	8.71	7.93	7.52	7.98
Goodwill	751.2	751.18	751.18	67.04	89.47
Other Intangible Assets	813.3	861.89	907.21	784.63	247.44
Long-Term Deferred Tax Assets	7.4	7.55	6.8	1.6	1.8
Other Long-Term Assets	5.9	2.38	1.22	10.65	0.7
Total Assets	4,104	4,076	4,125	2,092	1,660
Accounts Payable	335.7	286.07	283.24	223.86	258.82
Accrued Expenses	211.6	214.43	192.09	122.88	109.6
Short-Term Debt	205	76.11	347.01	105.8	1.46
Current Portion of Leases	29.5	29.72	49.61	44.55	44.67
Current Income Taxes Payable	16	17.86	20.86	13.32	10.65
Current Unearned Revenue	71.3	66.41	67.91	62.08	56.21
Other Current Liabilities	88.3	82.08	106.79	272.97	89.17
Total Current Liabilities	957.4	772.68	1,068	845.47	570.59
Long-Term Debt	1,691	1,887	1,925	120.79	121.81
Long-Term Leases	162.7	150.35	155.16	217.52	255.25
Pension & Post-Retirement Benefits	1.9	3.17	3.17	0.03	0.07
Long-Term Deferred Tax Liabilities	51.5	55.12	65.52	8.41	4.56
Other Long-Term Liabilities	230.8	248.71	244.84	210.35	83.24
Total Liabilities	3,095	3,117	3,461	1,403	1,036
Common Stock	148.1	148.15	131.72	131.72	131.72
Additional Paid-In Capital	136.8	136.77	-	-	-
Retained Earnings	723.6	674.34	532.76	557.26	492.44
Shareholders' Equity	1,009	959.25	664.48	688.98	624.16
Total Liabilities & Equity	4,104	4,076	4,125	2,092	1,660
Total Debt	2,088	2,143	2,477	488.66	423.19
Net Cash (Debt)	-2,005	-2,083	-2,429	-452.77	-369.04
Net Cash Per Share	-29.75	-32.08	-40.52	-7.55	-6.16
Filing Date Shares Outstanding	67.4	67.41	59.94	59.94	59.94
Total Common Shares Outstanding	67.4	67.41	59.94	59.94	59.94
Working Capital	-436	-304.35	-604.7	-530.28	-220.24
Book Value Per Share	14.96	14.23	11.08	11.49	10.41
Tangible Book Value	-556	-653.81	-993.91	-162.69	287.24
Tangible Book Value Per Share	-8.25	-9.70	-16.58	-2.71	4.79
Land	-	177.73	204.69	106.67	103.94
Machinery	-	211.59	236.06	207.18	207.44

Source: S&P Global Market Intelligence. Standard template. Financial Sources.