Consolidated statement of financial position

For the year ended December 31, 2025

Notes

2025

2024

Assets

Cash balances with Banks

(1)

140,239

43,087

Current accounts with State funds and other programs

(2)

3,207

1,336

Short-term deposits

(3)

-of which: amortized cost

623,995

1,111,886

-of which: fair value through profit or loss

446,130

369,481

Other receivables

(4)

33,487

18,393

Interest-bearing securities

(5)

-of which: amortized cost

573,170

481,798

-of which: fair value through profit or loss

134,120

107,596

Derivative financial instruments

(6)

233,483

126,339

Loans to the private sector

(7)

-of which: amortized cost

5,604,615

5,190,518

-of which: fair value through profit or loss

709,700

652,061

Current tax receivables

(29)

893

13,297

Equity investments

(9)

-of which: fair value through OCI

223,452

201,287

-of which: fair value through profit or loss

2,166,158

2,355,626

Investments in associates and joint ventures

(10)

386,603

372,073

Property, plant and equipment

(11)

31,403

16,365

Intangible assets

(12)

37,883

26,445

Deferred income tax assets

(29)

3,647

9,075

Total assets

11,352,185

11,096,663

Liabilities

Short-term credits

(13)

543,965

216,912

Current accounts with State funds and other programs

(14)

2,117

93

Derivative financial instruments

(6)

143,989

471,386

Dutch government program liabilities

(15)

-of which: fair value through profit or loss

96,887

121,715

Debentures and notes

(16)

6,498,892

6,335,981

Accrued and other liabilities

(17)

174,163

57,606

Provisions

(18)

29,942

36,780

Deferred income tax liabilities

(29)

279

510

Total liabilities

7,490,234

7,240,983

Shareholders’ equity

Share capital

9,076

9,076

Share premium reserve

29,272

29,272

Contractual reserve

3,054,920

3,008,465

Development fund

657,981

657,981

Fair value reserve

103,116

86,758

Actuarial results on defined benefit plans

-4,887

-4,380

Translation reserve

-16,418

31,030

Other reserves

26,887

26,887

Undistributed result

2,004

10,591

Shareholders’ equity (parent)

3,861,951

3,855,680

Total shareholders’ equity

(19)

3,861,951

3,855,680

Total liabilities and shareholders’ equity

11,352,185

11,096,663

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