v3.25.4
Pensions and other post-employment benefits (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of net defined benefit liability (asset) [abstract]  
Summary of information on plan assets and defined benefit obligation per country
Plan assets and defined benefit obligation per country
Plan assets
Defined benefit
obligation
Funded Status
in EUR million
2025
2024
2025
2024
2025
2024
The Netherlands
302
325
381
415
-79
-90
United States
226
250
224
235
1
15
United Kingdom
1,129
1,206
706
751
423
455
Belgium
514
513
441
450
72
63
Other countries
327
341
358
368
-31
-26
Funded status (Net defined benefit asset/liability)
2,497
2,636
2,110
2,219
387
416
Presented as:
- Other assets
528
568
- Other liabilities
-141
-152
387
416
Schedule of changes in fair value of plan assets Changes in the fair value of plan assets for the period were as follows:
Changes in fair value of plan assets
in EUR million
2025
2024
Opening balance as at 1 January
2,636
2,678
Interest income
108
106
Remeasurements: Return on plan assets excluding amounts included in interest income
-37
-118
Employer's contribution
13
23
Participants contributions
4
4
Benefits paid
-121
-128
Effect of curtailment or settlement
-12
-8
Exchange rate differences
-93
79
Closing balance
2,497
2,636
Actual return on the plan assets
70
-12
Schedule of changes in present value of defined benefit obligation and other post-employment benefits Changes in the present value of the defined benefit obligation and other post-employment benefits for the period
were as follows:
Changes in defined benefit obligation and other post-employment benefits
Defined benefit obligation
Other post-employment
benefits
in EUR million
2025
2024
2025
2024
Opening balance as at 1 January
2,219
2,288
38
30
Current service cost
28
28
1
1
Interest cost
86
87
3
3
Remeasurements: Actuarial gains and losses arising from
changes in demographic assumptions
6
-3
Remeasurements: Actuarial gains and losses arising from
changes in financial assumptions
-32
-94
6
5
Participants’ contributions
4
3
Benefits paid
-127
-132
-1
-1
Past service cost
1
1
Effect of curtailment or settlement
-12
-9
Exchange rate differences and other changes
-65
51
-5
1
Closing balance
2,110
2,219
42
38
Summary of changes in the net defined benefit assets/liability remeasurement reserve Amounts recognised directly in Other comprehensive income were as follows:
Changes in the net defined benefit assets/liability remeasurement reserve
in EUR million
2025
2024
Opening balance as at 1 January
-333
-317
Remeasurement of plan assets
-37
-118
Actuarial gains and losses arising from changes in demographic assumptions
-6
3
Actuarial gains and losses arising from changes in financial assumptions
32
94
Taxation and Exchange rate differences
0
5
Total Other comprehensive income movement for the year
-12
-16
Closing balance
-345
-333
Summary of pension and other staff-related benefit costs
Pension and other staff-related benefit costs
Net defined benefit
asset/liability
Other post-
employment benefits
Total
in EUR million
2025
2024
2023
2025
2024
2023
2025
2024
2023
Current service cost
28
28
27
1
1
1
29
29
28
Past service cost
1
1
1
1
1
1
Net Interest cost
-21
-19
-23
3
3
2
-19
-16
-21
Effect of curtailment or settlement
-1
-1
Defined benefit plans
7
9
5
3
4
3
11
13
8
Defined contribution plans
460
423
391
Pension and other post-employment benefits
471
435
399
Other staff-related benefits
16
20
19
Pension and other staff-related benefits
488
455
418