| (in € millions) | 2025 | 2024 |
|---|---|---|
| Gain/(loss) on capital transactions | Gain/(loss) on capital transactions 2025- |
Gain/(loss) on capital transactions 20243 |
| Income/(expense) relating to operations | Income/(expense) relating to operations 2025- |
Income/(expense) relating to operations 20241 |
| Accelerated tax depreciation and amortisation | Accelerated tax depreciation and amortisation 2025(4) |
Accelerated tax depreciation and amortisation 2024(4) |
| Exceptional provisions | Exceptional provisions 2025- |
Exceptional provisions 2024(5) |
| Net exceptional income/(expense) | Net exceptional income/(expense)2025(4) | Net exceptional income/(expense)2024(6) |
Net exceptional expense in 2024 mainly concerned additions to provisions for negative net equity in relation to certain subsidiaries, which are now presented under financial income and expense.
Under the agreement governing the group tax regime between VINCI SA and those subsidiaries that are members of the tax group, tax savings made by the tax group connected with the tax losses of some subsidiaries are recognised by the parent company as income for the period.
Provisions for tax taken and reversed are recorded here.
The line item “Income tax expense” records income and expense connected with the group tax regime of which VINCI SA is the lead company.
The group tax regime produced a net tax expense of €104 million for VINCI SA in 2025, including a net expense of €189 million with respect to the exceptional contribution on corporate income tax for large companies in France (as opposed to net tax income of €129 million in 2024).
Tax income in respect of 2025 received by VINCI SA from subsidiaries that are members of the tax group amounted to €1,459 million (€1,143 million in 2024) and the tax expense due by the VINCI tax group was €1,555 million (€1,015 million in 2024), including €449 million with respect to the exceptional contribution on corporate income tax for large companies in France.
| (in € millions) | 2025 |
|---|---|
| Research tax credit | Research tax credit 202518 |
| Tax credit on charitable donations | Tax credit on charitable donations 202513 |
| Other tax credits | Other tax credits 202512 |
| Total | Total202543 |
The Company has not entered into any material transactions with any related parties.
| (in € millions) | 31/12/2025 |
|---|---|
| Sureties and guarantees | Sureties and guarantees 31/12/20251,455 |
| Retirement benefit obligations | Retirement benefit obligations 31/12/202526 |
| Commitments given | Commitments given31/12/20251,481 |
| Sureties and guarantees | Sureties and guarantees 31/12/2025230 |
| Commitments received | Commitments received31/12/2025230 |
The line item “Sureties and guarantees” relates mainly to the guarantees given on behalf of subsidiaries, by VINCI SA in favour of financial institutions or directly to their customers. The guarantees received relate to the assessment of seller’s guarantees received by VINCI SA as part of the Cobra IS acquisition.
