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v3.26.1

Tangible assets (Tables) | 12 Months Ended
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Dec. 31, 2025
Property, plant and equipment [abstract] |
Disclosure of changes in tangible assets in the consolidated balance sheets | The changes in Tangible assets in the consolidated balance sheets were as follows:
EUR million
| Tangible assets |  | Of which: For leasing
| For own use | Leased out under an operating lease | Investment property | Total |  | For own use | Leased out under an operating lease | Investment property | Total
Cost |  |  |  |  |  |  |  |  |
Balance at 1 January 2023 | 26,570 |  | 25,166 |  | 1,580 |  | 53,316 |  |  | 4,692 |  | — |  | — |  | 4,692 |
Additions / disposals (net) due to change in the scope of consolidation | 11 |  | 37 |  | — |  | 48 |  |  | (13) |  | — |  | — |  | (13) |
Additions / disposals (net) | 1,122 |  | 742 |  | (34) |  | 1,830 |  |  | 125 A | — |  | — |  | 125 |
Transfers, exchange differences and other items | (1,460) |  | (641) |  | 30 |  | (2,071) |  |  | 33 |  | — |  | — |  | 33 |
Balance at 31 December 2023 | 26,243 |  | 25,304 |  | 1,576 |  | 53,123 |  |  | 4,837 |  | — |  | — |  | 4,837 |
Additions / disposals (net) due to change in the scope of consolidation | 28 |  | (1,192) |  | — |  | (1,164) |  |  | — |  | — |  | — |  | — |
Additions / disposals (net) | 730 |  | (1,716) |  | (17) |  | (1,003) |  |  | 179 A | — |  | — |  | 179 |
Transfers, exchange differences and other items | (1,345) |  | 1,003 |  | (104) |  | (446) |  |  | (235) |  | — |  | — |  | (235) |
Balance at 31 December 2024 | 25,656 |  | 23,399 |  | 1,455 |  | 50,510 |  |  | 4,781 |  | — |  | — |  | 4,781 |
Additions / disposals (net) due to change in the scope of consolidation | 4 |  | — |  | 7 |  | 11 |  |  | — |  | — |  | — |  | — |
Additions / disposals (net) | 326 |  | (2,603) |  | (58) |  | (2,335) |  |  | (40)A | — |  | — |  | (40) |
Transfers, exchange differences and other items | (1,845) |  | (1,743) |  | 188 |  | (3,400) |  |  | (450) |  | — |  | — |  | (450) |
Balance at 31 December 2025 | 24,141 |  | 19,053 |  | 1,592 |  | 44,786 |  |  | 4,291 |  | — |  | — |  | 4,291 |
Accumulated depreciation |  |  |  |  |  |  |  |  |
Balances at 1 January 2023 | (12,892) |  | (5,578) |  | (172) |  | (18,642) |  |  | (2,265) |  | — |  | — |  | (2,265) |
Disposals due to change in the scope of consolidation | 7 |  | — |  | — |  | 7 |  |  | 7 |  | — |  | — |  | 7 |
Disposals | 284 |  | 2,540 |  | — |  | 2,824 |  |  | 160 |  | — |  | — |  | 160 |
Charge for the year | (1,689) |  | — |  | (11) |  | (1,700) |  |  | (580) |  | — |  | — |  | (580) |
Transfers, exchange differences and other items | 1,653 |  | (2,744) |  | (16) |  | (1,107) |  |  | 69 |  | — |  | — |  | 69 |
Balance at 31 December 2023 | (12,637) |  | (5,782) |  | (199) |  | (18,618) |  |  | (2,609) |  | — |  | — |  | (2,609) |
Disposals due to change in the scope of consolidation | — |  | 686 |  | — |  | 686 |  |  | — |  | — |  | — |  | — |
Disposals | 672 |  | 3,214 |  | — |  | 3,886 |  |  | 196 |  | — |  | — |  | 196 |
Charge for the year | (1,544) |  | — |  | (9) |  | (1,553) |  |  | (460) |  | — |  | — |  | (460) |
Transfers, exchange differences and other items | 890 |  | (2,902) |  | 46 |  | (1,966) |  |  | 59 |  | — |  | — |  | 59 |
Balance at 31 December 2024 | (12,619) |  | (4,784) |  | (162) |  | (17,565) |  |  | (2,814) |  | — |  | — |  | (2,814) |
Disposals due to change in the scope of consolidation | — |  | — |  | — |  | — |  |  | — |  | — |  | — |  | — |
Disposals | 663 |  | 2,428 |  | — |  | 3,091 |  |  | 177 |  | — |  | — |  | 177 |
Charge for the year | (1,323) |  | — |  | (8) |  | (1,331) |  |  | (405) |  |  | — |  | (405) |
Transfers, exchange differences and other items | 1,150 |  | (1,917) |  | (32) |  | (799) |  |  | 381 |  | — |  | — |  | 381 |
Balance at 31 December 2025 | (12,129) |  | (4,273) |  | (202) |  | (16,604) |  |  | (2,661) |  | — |  | — |  | (2,661) |
A. Includes contract extensions on operating leases and repurchases.
EUR million
| Tangible assets |  | Of which: For leasing
| For own use | Leased out under an operating lease | Investment property | Total |  | For own use | Leased out under an operating lease | Investment property | Total
Impairment losses |  |  |  |  |  |  |  |  |
Balance at 1 January 2023 | (189) |  | (33) |  | (379) |  | (601) |  |  | (14) |  | — |  | — |  | (14) |
Impairment charge for the year | (113) |  | (29) |  | (12) |  | (154) |  |  | (38) |  | — |  | — |  | (38) |
Releases | 4 |  | 11 |  | 4 |  | 19 |  |  | 3 |  | — |  | — |  | 3 |
Disposals due to change in the scope of consolidation | — |  | — |  | — |  | — |  |  | — |  | — |  | — |  | — |
Disposals | 36 |  | — | 4 |  | 40 |  |  | 5 |  |  |  | 5 |
Exchange differences and other | 64 |  | 47 |  | (38) |  | 73 |  |  | (1) |  | — |  | — |  | (1) |
Balance at 31 December 2023 | (198) |  | (4) |  | (421) |  | (623) |  |  | (45) |  | — |  | — |  | (45) |
Impairment charge for the year | (276) |  | (70) |  | (81) |  | (427) |  |  | (31) |  | — |  | — |  | (31) |
Releases | 34 |  | 3 |  | 8 |  | 45 |  |  | 10 |  | — |  | — |  | 10 |
Disposals due to change in the scope of consolidation | — |  | — |  | — |  | — |  |  | — |  | — |  | — |  | — |
Disposals | 53 |  | — |  | — |  | 53 |  |  | 19 |  | — |  | — |  | 19 |
Exchange differences and other | (14) |  | 32 |  | 76 |  | 94 |  |  | (2) |  | — |  | — |  | (2) |
Balance at 31 December 2024 | (401) |  | (39) |  | (418) |  | (858) |  |  | (49) |  | — |  | — |  | (49) |
Impairment charge for the year | (172) |  | (79) |  | (15) |  | (266) |  |  | (41) |  | — |  | — |  | (41) |
Releases | 41 |  | 71 |  | 25 |  | 137 |  |  | 1 |  | — |  | — |  | 1 |
Disposals due to change in the scope of consolidation | — |  | — |  | — |  | — |  |  | — |  | — |  | — |  | — |
Disposals | 17 |  | 17 |  | — |  | 34 |  |  | 6 |  | — |  | — |  | 6 |
Exchange differences and other | 166 |  | 3 |  | 40 |  | 209 |  |  | 9 |  | — |  | — |  | 9 |
Balance at 31 December 2025 | (349) |  | (27) |  | (368) |  | (744) |  |  | (74) |  | — |  | — |  | (74) |
Tangible assets, net |  |  |  |  |  |  |  |  |
Balances at 31 December 2023 | 13,408 |  | 19,518 |  | 956 |  | 33,882 |  |  | 2,183 |  | — |  | — |  | 2,183 |
Balances at 31 December 2024 | 12,636 |  | 18,576 |  | 875 |  | 32,087 |  |  | 1,918 |  | — |  | — |  | 1,918 |
Balances at 31 December 2025 | 11,663 |  | 14,753 |  | 1,022 |  | 27,438 |  |  | 1,556 |  | — |  | — |  | 1,556 |
Disclosure of detailed information about property, plant and equipment | The detail, by class of asset, of 'Property, plant and equipment' which is owned by the Group in the consolidated balance sheets is as follows:
EUR million |
| Tangible assets for own use | Of which: for leasing
| Cost | Accumulated depreciation | Impairment losses | Carrying amount
Land and buildings | 14,973 |  | (5,010) |  | (154) |  | 9,809 |  | 2,104 |
IT equipment and fixtures | 5,614 |  | (4,154) |  | — |  | 1,460 |  | 60 |
Furniture and vehicles | 5,412 |  | (3,424) |  | — |  | 1,988 |  | 19 |
Construction in progress and other items | 244 |  | (49) |  | (44) |  | 151 |  | — |
Balance at 31 December 2023 | 26,243 |  | (12,637) |  | (198) |  | 13,408 |  | 2,183 |
Land and buildings | 15,113 |  | (5,516) |  | (353) |  | 9,244 |  | 1,882 |
IT equipment and fixtures | 5,283 |  | (3,926) |  | — |  | 1,357 |  | 23 |
Furniture and vehicles | 4,963 |  | (3,130) |  | — |  | 1,833 |  | 13 |
Construction in progress and other items | 297 |  | (47) |  | (48) |  | 202 |  | — |
Balance at 31 December 2024 | 25,656 |  | (12,619) |  | (401) |  | 12,636 |  | 1,918 |
Land and buildings | 14,067 |  | (5,359) |  | (304) |  | 8,404 |  | 1,536 |
IT equipment and fixtures | 4,204 |  | (3,003) |  | (10) |  | 1,191 |  | 13 |
Furniture and vehicles | 5,548 |  | (3,746) |  | (1) |  | 1,801 |  | 7 |
Construction in progress and other items | 322 |  | (21) |  | (34) |  | 267 |  | — |
Balance at 31 December 2025 | 24,141 |  | (12,129) |  | (349) |  | 11,663 |  | 1,556 |
Disclosure of maturity analysis of operating lease payments | In addition, the maturity analysis of the assets leased out under operating leases from Santander US Auto, is as follows:
EUR million
Maturity Analysis | 2025
2025 | 3,988 |
2026 | 4,228 |
2027 | 1,332 |
2028 | 330 |

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