On 24 June 2026, the European Commission submitted the consolidated annual accounts of the European Union for the 2025 financial year to the European Parliament, the Council and the Court of Auditors. The accounts, prepared on an accrual basis using International Public Sector Accounting Standards (IPSAS), cover over 50 EU entities including the Parliament, Council, Commission and EU agencies. Total assets at 31 December 2025 stood at EUR 617.4 billion, up from EUR 518.5 billion in 2024, while total liabilities reached EUR 976.6 billion, up from EUR 827.3 billion. The budget result (surplus) increased from EUR 1.3 billion in 2024 to EUR 2.1 billion in 2025.
The significant increase in both assets and liabilities is driven by continued implementation of the NextGenerationEU (NGEU) recovery instrument and financial support to Ukraine. Financial assets rose by EUR 57.8 billion to EUR 386.1 billion, reflecting NGEU disbursements and further loans to Ukraine. Financial liabilities increased by EUR 138.9 billion to EUR 740.8 billion, mainly due to new bond issuance under the unified funding approach. Cash and cash equivalents grew by EUR 39.9 billion to EUR 103.0 billion, indicating high disbursements planned for early 2026.
Total 2025 budget revenue amounted to EUR 224.4 billion, with EUR 212.1 billion in commitment appropriations implemented. By end of 2025, NGEU total disbursements reached EUR 468.8 billion, including EUR 237.5 billion in non-repayable support and EUR 155.9 billion in loans. EU loan support to Ukraine increased to EUR 70.3 billion. Outstanding commitments (RAL) stood at EUR 501.1 billion, a decrease of EUR 6.3 billion from 2024.
The accounts highlight the EU's growing financial footprint as a borrower and lender, with implications for taxpayers and investors. The increase in liabilities, largely from bond issuance, raises the EU's debt servicing costs, while the rise in assets reflects investments in recovery and geopolitical support. The Court of Auditors is expected to issue its opinion on the accounts later this year, which will inform the European Parliament's discharge procedure for the 2025 budget.