18. Deferred Revenue

	2025 €’000	2024 €’000
At 1 January	(333,781)	(259,548)
Received	(245,559)	(269,482)
Credited to the income statement	262,037	195,249
At 31 December	(317,303)	(333,781)

Analysed as follows:

	31-Dec-25 €’000	31-Dec-24 €’000
Non-current	(69,229)	(147,044)
Current	(248,074)	(186,737)
Total	(317,303)	(333,781)

Customer new connection contributions, which are received in advance, are recorded initially as deferred revenue. These contributions are then released to the income statement as revenue as the connection works (performance obligation) are completed.