v3.25.4
Consolidated statement of changes in equity - EUR (€)
€ in Millions
Total
Adjustment
[1]
Adjusted balance
Share capital and share premium
Share capital and share premium
Adjusted balance
Other reserves
Other reserves
Adjusted balance
Retained earnings
Retained earnings
Adjustment
[1]
Retained earnings
Adjusted balance
Shareholders' equity (parent)
Shareholders' equity (parent)
Adjustment
[1]
Shareholders' equity (parent)
Adjusted balance
Non-controlling interests
Non-controlling interests
Adjustment
[1]
Non-controlling interests
Adjusted balance
Balance start of period at Dec. 31, 2022 € 57,004 € (46) € 56,959 € 17,154 € 17,154 € (2,192) € (2,192) € 41,538 € (45) € 41,493 € 56,500 € (45) € 56,455 € 504 € (1) € 503
Changes in equity [abstract]                                
Net results 4,374         336   3,804     4,140     235    
Other comprehensive income 985         776         776     209    
Total comprehensive income 5,360         1,112   3,804     4,916     444    
Dividends and other cash distributions 29 (2,671)             (2,668)     (2,668)     (3)    
Share buyback programmes, commitment (4,000)             (4,000)     (4,000)          
Share buyback programmes, repurchases of shares (42)         (3,524)   3,482     (42)          
Share buyback programmes, cancellation of shares 0     (2)   2,701   (2,699)                
Employee share-based compensation plans 34     0   41   (7)     34     0    
Other changes in treasury shares (7)         (7)         (7)          
Transfers 0         (899)   899                
Other changes (5)             (5)     (5)     0    
Balance end of period at Dec. 31, 2023 55,628     17,151   (2,767)   40,299     54,684     944    
Changes in equity [abstract]                                
Net results 5,592         125   5,209     5,334     258    
Other comprehensive income 1,357         1,311         1,311     46    
Total comprehensive income 6,948         1,436   5,209     6,645     303    
Dividends and other cash distributions 29 (4,377)             (4,124)     (4,124)     (253)    
Share buyback programmes, commitment (4,500)             (4,500)     (4,500)          
Share buyback programmes, repurchases of shares (43)         (3,817)   3,774     (43)          
Share buyback programmes, cancellation of shares 0     (4)   5,000   (4,996)                
Employee share-based compensation plans 45         43   1     45          
Other changes in treasury shares 2         2         2          
Transfers 0         (585)   585                
Other changes (5)             (5)     (5)          
Balance end of period at Dec. 31, 2024 53,698     17,148   (687)   36,243     52,703     995    
Changes in equity [abstract]                                
Net results 8,599         14   8,310     8,324     275    
Other comprehensive income 30         (151)         (151)     181    
Total comprehensive income 8,628         (137)   8,310     8,173     456    
Dividends and other cash distributions 29 (3,886)             (3,691)     (3,691)     (195)    
Share buyback programmes, commitment (3,100)             (3,100)     (3,100)          
Share buyback programmes, repurchases of shares (64)         (3,705)   3,641     (64)          
Share buyback programmes, cancellation of shares 0     (1)   2,000   (1,999)                
Employee share-based compensation plans 52         60   (8)     52     0    
Other changes in treasury shares 6         6         6          
Transfers 0         (616)   616                
Other changes 4             5     5     (1)    
Balance end of period at Dec. 31, 2025 € 55,339     € 17,147   € (3,080)   € 40,016     € 54,083     € 1,255    
[1] Changes in policy following the adoption of IFRS 17 and change in policy for non-financial guarantees.