The detail of Non-current assets held for sale in the consolidated balance sheets is as follows:


EUR million	2025	2024	2023
Tangible assets	2,850	2,851	2,991
Foreclosed assets	2,487	2,621	2,773
Of which property assets in Spain	1,705	1,896	2,138
Other tangible assets held for sale	363	230	218

Entities held for sale	72,148	1,137	—
Caceis (Note 3)	—	1,137	—
Santander Bank Polska S.A. (Note 3)	72,148	—	—

Other assets	13	14	23
Total non-current assets held for sale	75,011	4,002	3,014

At 31 December 2025, the provisions recognised for the total non current assets held for sale totalled EUR 2,357 million (EUR 2,606 million and EUR 2,956 million at 31 December 2024 and 2023, respectively). The charges recorded in those years amounted to EUR 131 million, EUR 163 million and EUR 139 million, respectively, and the recoveries during these exercises are amounted to EUR 59 million, EUR 71 million and EUR 88 million, respectively.

b) Assets and liabilities from entities held for sale

The following is the consolidated balance sheet and consolidated summary cash flow statements for the Polish business held for sale:


EUR million
Condensed consolidated balance sheet			2025
Cash, cash balances at central banks and other deposits on demand			2,515
Financial assets held for trading			1,956
Financial assets designated at fair value through other comprehensive income			8,173
Financial assets at amortised cost			55,642
Intangible assets			1,335
Tax assets			1,224
Other assets			1,303
Total assets			72,148


EUR million
Condensed consolidated balance sheet			2025
Financial liabilities held for trading			842
Financial liabilities at amortised cost			59,704
Provisions			603
Tax liabilities			1,335
Other liabilities			511
Total liabilities			62,995


EUR million
Other comprehensive income			2025
Items that will not be reclassified to profit or loss			56
Actuarial gains or losses on defined benefit pension plans			—
Changes in the fair value of equity instruments measured at fair value through other comprehensive income			56
Items that may be reclassified to profit or loss			(590)
Hedges of net investments in foreign operations (effective portion)			(522)
Exchange differences			(164)
Cash flow hedges (effective portion)			98
Debt instruments at fair value with changes in other comprehensive income			8
Share in other income and expenses recognised in investments, joint ventures and associates			(10)


EUR million
Condensed consolidated statements of cash flows	2025	2024	2023
A) Cash flows from operating activities	1,405	1,705	352
B) Cash flows from investing activities	(98)	(96)	(91)
C) Cash flows from financing activities	(1,301)	(1,194)	(591)
D) Effect of foreign exchange rate differences	20	27	143
E) Net increase/(decrease) in cash and cash equivalents	26	442	(187)

Consistent with the Group´s management model, the amounts related to the business held for sale in Poland are primarily reported within the Retail & Commercial Banking segment for primary segment information purposes. Additionally, a separate breakdown for the Poland geography is presented as a secondary segment.