v3.25.4
Note 41 (Tables)
12 Months Ended
Dec. 31, 2025
Gains Or Losses On Financial Assets And Liabilities, Hedge Accounting And Exchanges Differences [Abstract]  
Gains Or Losses On Financial Assets And Liabilities And Exchange Differences Breakdown By Heading On the Balance Sheet [Table Text Block]
The breakdown of the balance under this heading, by source of the related items, in the consolidated income statements is as follows:
GAINS (LOSSES) ON FINANCIAL ASSETS AND LIABILITIES, HEDGE ACCOUNTING AND EXCHANGE DIFFERENCES, NET (MILLIONS OF EUROS)
2025
2024
2023
Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net
423
327
76
Financial assets at amortized cost
24
20
41
Other financial assets and liabilities
398
307
35
Gains (losses) on financial assets and liabilities held for trading, net
2,255
2,458
1,352
Reclassification of financial assets from fair value through other comprehensive income
—
—
—
Reclassification of financial assets from amortized cost
—
—
—
Other gains (losses)
2,255
2,458
1,352
Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net
236
179
337
Reclassification of financial assets from fair value through other comprehensive income
—
—
—
Reclassification of financial assets from amortized cost
—
—
—
Other gains (losses)
236
179
337
Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net
28
249
96
Gains (losses) from hedge accounting, net
(1)
5
(17)
Subtotal gains (losses) on financial assets and liabilities and hedge accounting2,9413,2181,844
Exchange differences, net
(285)
695
339
Total2,6563,9132,183
Gains Or Losses On Financial Assets And Liabilities And Exchange Differences Breakdown By Nature Of The Financial Instrument [Table Text Block]
The breakdown of the balance (excluding exchange rate differences) under this heading in the consolidated income statements by the nature of the financial instrument is as follows:
GAINS (LOSSES) ON FINANCIAL ASSETS AND LIABILITIES AND HEDGE ACCOUNTING. BREAKDOWN BY NATURE OF THE FINANCIAL INSTRUMENT (MILLIONS OF EUROS)
2025
2024
2023
Debt instruments
430
841
799
Equity instruments
1,817
553
669
Trading derivatives and hedge accounting
(695)
181
(812)
Loans and advances to customers
(30)
236
165
Customer deposits
(21)
(81)
(95)
Other
1,439
1,488
1,118
Total2,9413,2181,844
Derivatives Hedge accounting [Table Text Block]
The breakdown of the balance of the impact of the derivatives (trading and hedging) under this heading in the consolidated income statements is as follows:
DERIVATIVES - HEDGE ACCOUNTING (MILLIONS OF EUROS)
Notes
2025
2024
2023
Derivatives
Interest rate agreements
(505)
(21)
427
Securities agreements
(1,001)
236
(402)
Credit derivative agreements
(44)
(123)
(56)
Foreign-exchange agreements
775
(15)
(431)
Commodity and other agreements
81
99
(332)
Subtotal(694)176(795)
Hedging derivatives ineffectiveness
Fair value hedges
15
—
8
(10)
Hedging derivative
329
(512)
(114)
Hedged item
(328)
520
103
Cash flow hedges
15
(2)
(3)
(7)
Subtotal(1)5(17)
Total(695)181(812)