v3.26.1
Cash and cash equivalents (Tables)
 12 Months Ended
Dec. 31, 2025
Text block 1 [Abstract]  
Summary of Detailed Information about Cash and Cash Equivalents
     
    2025
         2024         2023  
Cash at bank and in hand
      1,165       1,478       1,614  
Short-term deposits
      315       152       340  
Money market investments
      1,253       1,838       2,120  
On December 31
   
 
2,733
 
  
 
3,469
 
  
 
4,074
 
Cash collateral related to securities lending, repurchase agreements and margins on derivatives transactions      1,972       2,240       3,416  
Income from security lending programs
      3       4       7  
Weighted effective interest rate on short-term deposits
      2.13%       3.17%       3.90%  
Average maturity on short-term deposits (in days)      2       5       11  
Summary of Summary Cash Flow Statement
Cash and cash equivalent balances that are not available for use by the group is EUR 158 million (2024: EUR 141 million, 2023: EUR 98 million).
 
Summary cash flow statement
   
    2025
         2024         2023  
Net cash flows from operating activities
      434       762       864  
Net cash flows from investing activities
      1,010       300       (1,996 ) 
Net cash flows from financing activities
      (2,035 )      (1,755 )      (3,241 ) 
Net increase / (decrease) in cash and cash equivalents
   
 
(591
) 
  
 
(694
) 
  
 
(4,373
) 
Net cash and cash equivalents on December 31, are impacted by:
       
Positive (negative) effects of changes in exchange rates
      (144 )      88       (38 ) 
Summary of Reconciliation of Liabilities Arising from Financing Activities
The table below presents a reconciliation of liabilities arising from financing activities, split between changes from financing cash flows and
non-cash
changes, as reported in the consolidated statement of financial position
 
 
 
 
 
 
          
Financing cash flows
    
 
     
Non-cash changes
        
2025
    On January 1      Addition      Repayment             Realized
gains /
(losses)		     Fair value
hedge
movements		     Amortization     Net exchange
difference		     On
December
31		  
Subordinated borrowings      1,653       -        -          -       -       3       (195 )      1,461  
Trust pass-through securities      113       -        -          -       -       (1 )      (13 )      99  
Borrowings      3,013       946        (1,707 )         -       -       2       (272 )      1,982  
Assets held to hedge Trust pass-through securities      (20 )      -        -          -       -       -       2       (17 ) 
2024
                                                         
Subordinated borrowings      2,244       -        (700 )         -       -       5       104       1,653  
Trust pass-through securities      111       -        -          -       (5 )      (1 )      7       113  
Borrowings      2,356       700        (209 )         -       -       3       162       3,013  
Assets held to hedge Trust pass-through securities      (14 )      -        -                (5 )      -       -       (1 )      (20 )