Consolidated balance sheet at 31 December 2025

After profit appropriation

Amounts x €1,000	Ref.		31-12-2025		31-12-2024

ASSETS

Intangible fixed assets	5.1		181,359		163,504

Tangible fixed assets	5.2
Owner-occupied property		20,868		27,455
Other tangible fixed assets		38,172		34,664
			59,040		62,119

Investments	5.3
Real estate		512,621		507,301
Participating interests		2,775		2,745
Other financial investments:
- Shares and other variable-yield securities		2,314,257		2,156,410
- Bonds and other fixed-income securities		2,743,286		2,699,094
- Derivatives		11,714		-
- Mortgage loans		127,150		138,770
- Other loans		267,872		255,324
- Real estate funds		1,783,526		1,897,955
- Infrastructure funds		1,284,351		1,147,393
- Agricultural and forestry funds		354,632		334,320
- Mortgage funds		637,652		411,385
- Investments in cash and cash equivalents		40,637		58,445
- Other financial investments		156,003		88,945
			10,236,476		9,698,087


Current assets
Stocks	5.4	5,513		2,193
Receivables	5.5	150,912		246,541
Prepayments and accrued income	5.6	36,693		38,298
Cash and cash equivalents	5.7	121,367		62,861
			314,485		349,893

TOTAL ASSETS			10,791,360		10,273,603

Amounts x €1,000	Ref.		31-12-2025		31-12-2024

EQUITY AND LIABILITIES

Group equity	5.8
Equity	5.8, 5.9	1,229,892		1,145,951
Minority interests		943		938
			1,230,835		1,146,889

Technical provisions	5.10		9,153,983		8,590,167

Provisions	5.12		12,765		20,591

Non-current liabilities	5.13		150,839		159,730

Current liabilities and accruals and deferred income	5.14		242,938		356,226

TOTAL EQUITY AND LIABILITIES			10,791,360		10,273,603

This is an English translation of the original Dutch text. In case of any conflict between this translation and the original text, the latter will prevail.