v3.26.1
Non-current assets held for sale and liabilities associated with non-current assets held for sale (Tables)
 12 Months Ended
Dec. 31, 2025
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]  
Schedule of non-current assets
The detail of Non-current assets held for sale in the consolidated balance sheets is as follows:
EUR million
202520242023
Tangible assets2,850 2,851 2,991 
Foreclosed assets2,487 2,621 2,773 
Of which property assets in Spain1,705 1,896 2,138 
Other tangible assets held for sale363 230 218 
Entities held for sale72,148 1,137 — 
      Caceis (Note 3)— 1,137 — 
      Santander Bank Polska S.A. (Note 3) 72,148 — — 
Other assets13 14 23 
Total non-current assets held for sale
75,011 4,002 3,014 
EUR million
202520242023
Entities held for sale
Santander Bank Polska S.A. (Note 2)62,995 — — 
Total Liabilities associated with non-current assets held for sale62,995 — — 
Discontinued operations, consolidated balance sheet
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 sheet2025
Cash, cash balances at central banks and other deposits on demand2,515
Financial assets held for trading1,956
Financial assets designated at fair value through other comprehensive income8,173
Financial assets at amortised cost55,642
Intangible assets1,335
Tax assets1,224
Other assets1,303
Total assets72,148
EUR million
Condensed consolidated balance sheet2025
Financial liabilities held for trading842 
Financial liabilities at amortised cost59,704 
Provisions603 
Tax liabilities1,335 
Other liabilities511 
Total liabilities62,995 
EUR million
Other comprehensive income2025
Items that will not be reclassified to profit or loss56 
Actuarial gains or losses on defined benefit pension plans— 
Changes in the fair value of equity instruments measured at fair value through other comprehensive income56 
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 income8 
Share in other income and expenses recognised in investments, joint ventures and associates(10)
EUR million
Condensed consolidated statements of cash flows202520242023
A) Cash flows from operating activities1,4051,705352
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 differences2027143
E) Net increase/(decrease) in cash and cash equivalents26442(187)