v3.25.4
Financial instruments - Effect of derivatives on consolidated financial statements (Details) - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial instruments      
Interest income recorded as an effect of financial instruments € 68,022 € 68,998  
Interest expense recorded as an effect of financial instruments 375,216 393,322  
Credit losses recorded as an effect of financial instruments 28,966 18,968  
Net losses from foreign currency transactions 43,794 23,057  
Fair value gain (loss) recognized in AOCI on hedging instrument (hedge reserve) 27,946 (7,159) € 2,787
Fair value gain (loss) recognized in AOCI on hedging instrument (cost of hedging) (3,842) (895) € (3,547)
Derivatives - cash flow hedging instruments      
Financial instruments      
Fair value gain (loss) recognized in AOCI on hedging instrument (hedge reserve) 27,946 (7,159)  
Fair value gain (loss) recognized in AOCI on hedging instrument (cost of hedging) (3,841) (895)  
Amount reclassified from hedge reserve included in Interest income/expense 1,146 1,318  
Amount reclassified from hedge reserve included in revenue (9,265) (1,840)  
Amount reclassified from cost of hedging included in revenue 2,516 2,641  
Amount reclassified from hedge reserve included in cost of revenue   (5,136)  
Amount reclassified from cost of hedging included in cost of revenue   300  
Amount reclassified from hedge reserve included in other operating income/expense 2,606    
Amount reclassified from cost of hedging included in other operating income/expense 184    
Amount reclassified from hedge reserve (5,513) (5,658)  
Amount reclassified from cost of hedging 2,700 2,941  
Derivatives - cash flow hedging instruments | Interest rate contracts      
Financial instruments      
Fair value gain (loss) recognized in AOCI on hedging instrument (hedge reserve) 1,061    
Derivatives - cash flow hedging instruments | Foreign exchange contracts      
Financial instruments      
Fair value gain (loss) recognized in AOCI on hedging instrument (hedge reserve) 26,885 (7,159)  
Fair value gain (loss) recognized in AOCI on hedging instrument (cost of hedging) (3,841) (895)  
Derivatives - not designated as hedging instruments      
Financial instruments      
Amount of (Gain) Loss recognized in income on Derivatives - Total (140,238) 84,749  
Derivatives - not designated as hedging instruments | Foreign exchange contracts      
Financial instruments      
Amount of (Gain) Loss recognized in income on Derivatives - Other operating income/expense (159,082) 49,806  
Amount of (Gain) Loss recognized in income on Derivatives - Interest income/expense 30,152 9,984  
Derivatives - not designated as hedging instruments | Derivatives embedded in vPPAs      
Financial instruments      
Amount of (Gain) Loss recognized in income on Derivatives - Other operating income/expense € (11,308) € 24,959