<?xml version="1.0" encoding="UTF-8"?>

<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2006/ref http://www.xbrl.org/2006/ref-2006-02-27.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xlink="http://www.w3.org/1999/xlink">
  <link:referenceLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccommodationCostsAllocatedToInvestmentsInLandAndBuildingsForOwnUse" xlink:label="bw2-titel9_AccommodationCostsAllocatedToInvestmentsInLandAndBuildingsForOwnUse_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_442_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_442_ref">
      <ref:Article>442</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccommodationCostsAllocatedToInvestmentsInLandAndBuildingsForOwnUse_loc" xlink:to="bw2-titel9_BW2_2026-01-01_442_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccountingPrinciplesForDeterminingTheResult" xlink:label="bw2-titel9_AccountingPrinciplesForDeterminingTheResult_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_384_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_384_5_ref">
      <ref:Article>384</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccountingPrinciplesForDeterminingTheResult_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccountingPrinciplesForTheValuationOfAssetsAndEquityAndLiabilities" xlink:label="bw2-titel9_AccountingPrinciplesForTheValuationOfAssetsAndEquityAndLiabilities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccountingPrinciplesForTheValuationOfAssetsAndEquityAndLiabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccountingStandardsUsedToPrepareFinancialStatementsDescription" xlink:label="bw2-titel9_AccountingStandardsUsedToPrepareFinancialStatementsDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_362_10_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_362_10_ref">
      <ref:Article>362</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>10</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccountingStandardsUsedToPrepareFinancialStatementsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncomeCurrentDisclosure" xlink:label="bw2-titel9_AccrualsAndDeferredIncomeCurrentDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_362_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_362_2_ref">
      <ref:Article>362</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncomeCurrentPolicy" xlink:label="bw2-titel9_AccrualsAndDeferredIncomeCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncomeCurrent" xlink:label="bw2-titel9_AccrualsAndDeferredIncomeCurrent_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_1_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_1_1_ref">
      <ref:Article>1</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_8_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_8_1_ref">
      <ref:Article>8</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_12_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_12_2_ref">
      <ref:Article>12</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_12_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16b_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16b_2_ref">
      <ref:Article>16b</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncomeDisclosure" xlink:label="bw2-titel9_AccrualsAndDeferredIncomeDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncomeNoncurrentDisclosure" xlink:label="bw2-titel9_AccrualsAndDeferredIncomeNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncomeNoncurrentPolicy" xlink:label="bw2-titel9_AccrualsAndDeferredIncomeNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncomeNoncurrent" xlink:label="bw2-titel9_AccrualsAndDeferredIncomeNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncomePolicy" xlink:label="bw2-titel9_AccrualsAndDeferredIncomePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncome" xlink:label="bw2-titel9_AccrualsAndDeferredIncome_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_1_ref">
      <ref:Article>1</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncome_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_12_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16_2_ref">
      <ref:Article>16</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16_3_ref">
      <ref:Article>16</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16a_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16a_2_ref">
      <ref:Article>16a</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_364_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_364_4_ref">
      <ref:Article>364</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_396_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_396_3_ref">
      <ref:Article>396</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_397_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_397_5_ref">
      <ref:Article>397</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_429_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_429_ref">
      <ref:Article>429</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedIncomeDisclosure" xlink:label="bw2-titel9_AccruedIncomeDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncomeDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedIncomeOtherDisclosure" xlink:label="bw2-titel9_AccruedIncomeOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncomeOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedIncomeOtherPolicy" xlink:label="bw2-titel9_AccruedIncomeOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncomeOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedIncomeOther" xlink:label="bw2-titel9_AccruedIncomeOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_434_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_434_ref">
      <ref:Article>434</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncomeOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_434_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedIncomePolicy" xlink:label="bw2-titel9_AccruedIncomePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncomePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedIncome" xlink:label="bw2-titel9_AccruedIncome_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_12_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_12_1_ref">
      <ref:Article>12</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_12_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_364_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_364_3_ref">
      <ref:Article>364</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_434_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedInterestReceivableAndAccruedRentDisclosure" xlink:label="bw2-titel9_AccruedInterestReceivableAndAccruedRentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedInterestReceivableAndAccruedRentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedInterestReceivableAndAccruedRentPolicy" xlink:label="bw2-titel9_AccruedInterestReceivableAndAccruedRentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedInterestReceivableAndAccruedRentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedInterestReceivableAndAccruedRent" xlink:label="bw2-titel9_AccruedInterestReceivableAndAccruedRent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedInterestReceivableAndAccruedRent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedInterestReceivableAndAccruedRent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_434_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCostsDisclosure" xlink:label="bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCostsDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_362_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_362_3_ref">
      <ref:Article>362</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCostsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_605_619_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_605_619_ref">
      <ref:Chapter>605</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>619</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCostsDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_605_619_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCostsPolicy" xlink:label="bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCostsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCostsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCosts" xlink:label="bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCosts_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_1_ref">
      <ref:Article>1</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16a_9_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16a_9_ref">
      <ref:Article>16a</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>9</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCostsAndChangeInDeferredAcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AcquisitionCostsDisclosure" xlink:label="bw2-titel9_AcquisitionCostsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCostsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCostsDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_605_619_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AcquisitionCostsPolicy" xlink:label="bw2-titel9_AcquisitionCostsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCostsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AcquisitionCosts" xlink:label="bw2-titel9_AcquisitionCosts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_440_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_440_ref">
      <ref:Article>440</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AcquisitionCosts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ActivationOwnSecuritiesExplanation" xlink:label="bw2-titel9_ActivationOwnSecuritiesExplanation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_3_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_3_4_ref">
      <ref:Article>3</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ActivationOwnSecuritiesExplanation_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipmentDisclosure" xlink:label="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipmentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipmentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipmentDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_605_619_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipmentPolicy" xlink:label="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipmentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipmentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipment" xlink:label="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndEmployeeBenefitsExpensesDepreciationOfPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdministrativeExpensesAndInterestExpensesDisclosure" xlink:label="bw2-titel9_AdministrativeExpensesAndInterestExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndInterestExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdministrativeExpensesAndInterestExpensesPolicy" xlink:label="bw2-titel9_AdministrativeExpensesAndInterestExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndInterestExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdministrativeExpensesAndInterestExpenses" xlink:label="bw2-titel9_AdministrativeExpensesAndInterestExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndInterestExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndInterestExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdministrativeExpensesAndInterestExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedCurrentDisclosure" xlink:label="bw2-titel9_AdvancesReceivedCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedCurrentPolicy" xlink:label="bw2-titel9_AdvancesReceivedCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedCurrent" xlink:label="bw2-titel9_AdvancesReceivedCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_C_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedDisclosure" xlink:label="bw2-titel9_AdvancesReceivedDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedNoncurrentDisclosure" xlink:label="bw2-titel9_AdvancesReceivedNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedNoncurrentPolicy" xlink:label="bw2-titel9_AdvancesReceivedNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedNoncurrent" xlink:label="bw2-titel9_AdvancesReceivedNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedPolicy" xlink:label="bw2-titel9_AdvancesReceivedPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceived" xlink:label="bw2-titel9_AdvancesReceived_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceived_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AgriculturalInventoriesCurrentValueDisclosure" xlink:label="bw2-titel9_AgriculturalInventoriesCurrentValueDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BAW_2015-01-01_9_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BAW_2015-01-01_9_ref">
      <ref:Article>9</ref:Article>
      <ref:IssueDate>2015-01-01</ref:IssueDate>
      <ref:Name>Besluit actuele waarde</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AgriculturalInventoriesCurrentValueDisclosure_loc" xlink:to="bw2-titel9_BAW_2015-01-01_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AllocatedIncomeFromInvestmentsDisclosure" xlink:label="bw2-titel9_AllocatedIncomeFromInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_438_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_438_ref">
      <ref:Article>438</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AllocatedIncomeFromInvestmentsPolicy" xlink:label="bw2-titel9_AllocatedIncomeFromInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccountDisclosure" xlink:label="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccountDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccountDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccountPolicy" xlink:label="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccount" xlink:label="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_437_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_437_ref">
      <ref:Article>437</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredFromTechnicalAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsuranceDisclosure" xlink:label="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsuranceDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsuranceDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsurancePolicy" xlink:label="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsurancePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsurancePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsurance" xlink:label="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestmentsTransferredToTechnicalAccountDamageInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AllocatedIncomeFromInvestments" xlink:label="bw2-titel9_AllocatedIncomeFromInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16a_8_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16a_8_ref">
      <ref:Article>16a</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>8</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AllocatedIncomeFromInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmortisationIntangibleAssetsDisclosure" xlink:label="bw2-titel9_AmortisationIntangibleAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmortisationIntangibleAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmortisationIntangibleAssetsPolicy" xlink:label="bw2-titel9_AmortisationIntangibleAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmortisationIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_386_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_386_2_ref">
      <ref:Article>386</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmortisationIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_386_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmortisationIntangibleAssets" xlink:label="bw2-titel9_AmortisationIntangibleAssets_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_H_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_H_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>h</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmortisationIntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmountAndNatureOfItemsWithExceptionalExtentOrOccurrenceDescription" xlink:label="bw2-titel9_AmountAndNatureOfItemsWithExceptionalExtentOrOccurrenceDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_8_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_8_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>8</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmountAndNatureOfItemsWithExceptionalExtentOrOccurrenceDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_8_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_122_311_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_122_311_ref">
      <ref:Chapter>122</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>311</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmountAndNatureOfItemsWithExceptionalExtentOrOccurrenceDescription_loc" xlink:to="bw2-titel9_RJ_2023-01-01_122_311_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmountCompanySharesPurchasedOrWillBePurchasedDescription" xlink:label="bw2-titel9_AmountCompanySharesPurchasedOrWillBePurchasedDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383d_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383d_3_ref">
      <ref:Article>383d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmountCompanySharesPurchasedOrWillBePurchasedDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmountNewCompanySharesIssuedForPurposeOfExerciseRightsDescription" xlink:label="bw2-titel9_AmountNewCompanySharesIssuedForPurposeOfExerciseRightsDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmountNewCompanySharesIssuedForPurposeOfExerciseRightsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmountOfAssetsInForeignCurrencies" xlink:label="bw2-titel9_AmountOfAssetsInForeignCurrencies_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_11_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_11_ref">
      <ref:Article>11</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmountOfAssetsInForeignCurrencies_loc" xlink:to="bw2-titel9_BJB_2012-01-01_11_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmountOfEquityAndLiabilitiesInForeignCurrencies" xlink:label="bw2-titel9_AmountOfEquityAndLiabilitiesInForeignCurrencies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmountOfEquityAndLiabilitiesInForeignCurrencies_loc" xlink:to="bw2-titel9_BJB_2012-01-01_11_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmountReceivablesFromLeaseAgreementsDescription" xlink:label="bw2-titel9_AmountReceivablesFromLeaseAgreementsDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_11_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_11_3_ref">
      <ref:Article>11</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmountReceivablesFromLeaseAgreementsDescription_loc" xlink:to="bw2-titel9_BJB_2012-01-01_11_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AnalysisOfTheAchievedResults" xlink:label="bw2-titel9_AnalysisOfTheAchievedResults_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_391_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_391_1_ref">
      <ref:Article>391</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AnalysisOfTheAchievedResults_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_1041_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_1041_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>1041</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AnalysisOfTheAchievedResults_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1041_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AnalysisOfTheDevelopmentsThroughoutTheFinancialYear" xlink:label="bw2-titel9_AnalysisOfTheDevelopmentsThroughoutTheFinancialYear_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AnalysisOfTheDevelopmentsThroughoutTheFinancialYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AnalysisOfTheDevelopmentsThroughoutTheFinancialYear_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1041_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AnalysisOfTheSituationOnTheBalanceSheetDate" xlink:label="bw2-titel9_AnalysisOfTheSituationOnTheBalanceSheetDate_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AnalysisOfTheSituationOnTheBalanceSheetDate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AnalysisOfTheSituationOnTheBalanceSheetDate_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1041_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ApproximationMethodAssetsValuedAtCurrentValueGenerateIncomeInvestmentDescription" xlink:label="bw2-titel9_ApproximationMethodAssetsValuedAtCurrentValueGenerateIncomeInvestmentDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BAW_11_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BAW_11_2_ref">
      <ref:Article>11</ref:Article>
      <ref:Name>Besluit actuele waarde</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ApproximationMethodAssetsValuedAtCurrentValueGenerateIncomeInvestmentDescription_loc" xlink:to="bw2-titel9_BAW_11_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ArbitraryDepreciationAmortisationThatExceedsAmountOfRegularDepreciationAmortisationDisclosure" xlink:label="bw2-titel9_ArbitraryDepreciationAmortisationThatExceedsAmountOfRegularDepreciationAmortisationDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BFW_2015-01-01_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BFW_2015-01-01_3_ref">
      <ref:Article>3</ref:Article>
      <ref:IssueDate>2015-01-01</ref:IssueDate>
      <ref:Name>Besluit fiscale waarderingsgrondslagen</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ArbitraryDepreciationAmortisationThatExceedsAmountOfRegularDepreciationAmortisationDisclosure_loc" xlink:to="bw2-titel9_BFW_2015-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsCurrentDisclosure" xlink:label="bw2-titel9_AssetsCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsCurrentOtherDisclosure" xlink:label="bw2-titel9_AssetsCurrentOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrentOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsCurrentOtherPolicy" xlink:label="bw2-titel9_AssetsCurrentOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrentOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsCurrentOther" xlink:label="bw2-titel9_AssetsCurrentOther_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_395a_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_395a_4_ref">
      <ref:Article>395a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrentOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsCurrentPolicy" xlink:label="bw2-titel9_AssetsCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsCurrent" xlink:label="bw2-titel9_AssetsCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_1_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_1_2_ref">
      <ref:Article>1</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_5_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_5_1_ref">
      <ref:Article>5</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_5_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_364_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_364_1_ref">
      <ref:Article>364</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsDisclosure" xlink:label="bw2-titel9_AssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsNoncurrentDisclosure" xlink:label="bw2-titel9_AssetsNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsNoncurrentOtherDisclosure" xlink:label="bw2-titel9_AssetsNoncurrentOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrentOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsNoncurrentOtherPolicy" xlink:label="bw2-titel9_AssetsNoncurrentOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrentOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsNoncurrentOther" xlink:label="bw2-titel9_AssetsNoncurrentOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrentOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsNoncurrentPolicy" xlink:label="bw2-titel9_AssetsNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsNoncurrent" xlink:label="bw2-titel9_AssetsNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_5_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsNotAtTheDisposalExplanation" xlink:label="bw2-titel9_AssetsNotAtTheDisposalExplanation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_8_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_8_ref">
      <ref:Article>8</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNotAtTheDisposalExplanation_loc" xlink:to="bw2-titel9_BJB_2012-01-01_8_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsOtherDisclosure" xlink:label="bw2-titel9_AssetsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsOtherPolicy" xlink:label="bw2-titel9_AssetsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsOther" xlink:label="bw2-titel9_AssetsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_5_ref">
      <ref:Article>5</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_433_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_433_ref">
      <ref:Article>433</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_433_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsPolicy" xlink:label="bw2-titel9_AssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Assets" xlink:label="bw2-titel9_Assets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Assets_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Assets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Assets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Assets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Assets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Assets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Assets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Assets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Assets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssumptionsApproximationMethodAssetsValuedAtCurrentValueGenerateIncomeInvestmentDescription" xlink:label="bw2-titel9_AssumptionsApproximationMethodAssetsValuedAtCurrentValueGenerateIncomeInvestmentDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssumptionsApproximationMethodAssetsValuedAtCurrentValueGenerateIncomeInvestmentDescription_loc" xlink:to="bw2-titel9_BAW_11_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AuditorsFeesAuditFinancialStatements" xlink:label="bw2-titel9_AuditorsFeesAuditFinancialStatements_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_382a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_382a_ref">
      <ref:Article>382a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsFeesAuditFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AuditorsFeesDisclosure" xlink:label="bw2-titel9_AuditorsFeesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsFeesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AuditorsFeesOtherAuditProcedures" xlink:label="bw2-titel9_AuditorsFeesOtherAuditProcedures_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsFeesOtherAuditProcedures_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AuditorsFeesOtherNonAuditServices" xlink:label="bw2-titel9_AuditorsFeesOtherNonAuditServices_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsFeesOtherNonAuditServices_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AuditorsFeesTaxServices" xlink:label="bw2-titel9_AuditorsFeesTaxServices_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsFeesTaxServices_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AuditorsFees" xlink:label="bw2-titel9_AuditorsFees_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsFees_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AuditorsOpinionReference" xlink:label="bw2-titel9_AuditorsOpinionReference_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_392_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_392_1_A_ref">
      <ref:Article>392</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsOpinionReference_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_395_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_395_ref">
      <ref:Article>395</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsOpinionReference_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AuditorsOpinionStatementAbsence" xlink:label="bw2-titel9_AuditorsOpinionStatementAbsence_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsOpinionStatementAbsence_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_393_7_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_393_7_ref">
      <ref:Article>393</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>7</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsOpinionStatementAbsence_loc" xlink:to="bw2-titel9_BW2_2026-01-01_393_7_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_395_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_395_1_ref">
      <ref:Article>395</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsOpinionStatementAbsence_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AverageNumberEmployeesAbroad" xlink:label="bw2-titel9_AverageNumberEmployeesAbroad_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_382_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_382_ref">
      <ref:Article>382</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AverageNumberEmployeesAbroad_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AverageNumberEmployeesDisclosure" xlink:label="bw2-titel9_AverageNumberEmployeesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AverageNumberEmployeesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_396_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_396_5_ref">
      <ref:Article>396</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AverageNumberEmployeesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AverageNumberEmployeesNetherlands" xlink:label="bw2-titel9_AverageNumberEmployeesNetherlands_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AverageNumberEmployeesNetherlands_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AverageNumberEmployees" xlink:label="bw2-titel9_AverageNumberEmployees_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BUPRK_2015-11-01_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BUPRK_2015-11-01_3_ref">
      <ref:Article>3</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit uitvoering publicatieverplichtingen richtlijn kapitaalvereisten</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AverageNumberEmployees_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AverageNumberEmployees_loc" xlink:to="bw2-titel9_BW2_2026-01-01_382_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AverageNumberEmployees_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BalanceSheetBeforeAfterAppropriationResults" xlink:label="bw2-titel9_BalanceSheetBeforeAfterAppropriationResults_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_11_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_11_ref">
      <ref:Article>11</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BalanceSheetBeforeAfterAppropriationResults_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_11_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BalanceSheetBeforeAfterAppropriationResults_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BasisOfPreparation" xlink:label="bw2-titel9_BasisOfPreparation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_396_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_396_6_ref">
      <ref:Article>396</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BasisOfPreparation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsDisclosure" xlink:label="bw2-titel9_BenefitsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsForOwnAccountDisclosure" xlink:label="bw2-titel9_BenefitsForOwnAccountDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsForOwnAccountDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsForOwnAccountPolicy" xlink:label="bw2-titel9_BenefitsForOwnAccountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsForOwnAccountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsForOwnAccount" xlink:label="bw2-titel9_BenefitsForOwnAccount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsForOwnAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_439_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_439_ref">
      <ref:Article>439</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsForOwnAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsGrossDisclosure" xlink:label="bw2-titel9_BenefitsGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsGrossPolicy" xlink:label="bw2-titel9_BenefitsGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsGross" xlink:label="bw2-titel9_BenefitsGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsGross_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsOnTerminationOfServiceManagingSupervisoryDirector" xlink:label="bw2-titel9_BenefitsOnTerminationOfServiceManagingSupervisoryDirector_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_1_C_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsOnTerminationOfServiceManagingSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsPolicy" xlink:label="bw2-titel9_BenefitsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsReinsuredPartDisclosure" xlink:label="bw2-titel9_BenefitsReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsReinsuredPartPolicy" xlink:label="bw2-titel9_BenefitsReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsReinsuredPart" xlink:label="bw2-titel9_BenefitsReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsReinsuredPart_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Benefits" xlink:label="bw2-titel9_Benefits_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Benefits_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Benefits_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Benefits_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesDisclosure" xlink:label="bw2-titel9_BillsExchangeChequesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayableCurrentDisclosure" xlink:label="bw2-titel9_BillsExchangeChequesPayableCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayableCurrentPolicy" xlink:label="bw2-titel9_BillsExchangeChequesPayableCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayableCurrent" xlink:label="bw2-titel9_BillsExchangeChequesPayableCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_E_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayableDisclosure" xlink:label="bw2-titel9_BillsExchangeChequesPayableDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayableNoncurrentDisclosure" xlink:label="bw2-titel9_BillsExchangeChequesPayableNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayableNoncurrentPolicy" xlink:label="bw2-titel9_BillsExchangeChequesPayableNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayableNoncurrent" xlink:label="bw2-titel9_BillsExchangeChequesPayableNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayablePolicy" xlink:label="bw2-titel9_BillsExchangeChequesPayablePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayablePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayable" xlink:label="bw2-titel9_BillsExchangeChequesPayable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPolicy" xlink:label="bw2-titel9_BillsExchangeChequesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeCheques" xlink:label="bw2-titel9_BillsExchangeCheques_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_372_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_372_1_ref">
      <ref:Article>372</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeCheques_loc" xlink:to="bw2-titel9_BW2_2026-01-01_372_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompaniesDisclosure" xlink:label="bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompaniesPolicy" xlink:label="bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompanies" xlink:label="bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_430_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_430_ref">
      <ref:Article>430</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterestsDisclosure" xlink:label="bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterestsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterestsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterestsPolicy" xlink:label="bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterests" xlink:label="bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsIssuedByAndReceivablesFromShareholdersParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesDisclosure" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_3_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_3_5_ref">
      <ref:Article>3</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_3_ref">
      <ref:Article>3</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesNonCurrentAssets" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesNonCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuersDisclosure" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuersDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuersDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuersPolicy" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuersPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuersPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuers" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuers_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesOtherIssuers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesPolicy" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuersDisclosure" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuersDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuersDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuersPolicy" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuersPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuersPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuers" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuers_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesPublicIssuers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecurities" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedInterestDebtSecuritiesDisclosure" xlink:label="bw2-titel9_BondsOtherFixedInterestDebtSecuritiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedInterestDebtSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedInterestDebtSecuritiesPolicy" xlink:label="bw2-titel9_BondsOtherFixedInterestDebtSecuritiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedInterestDebtSecuritiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedInterestDebtSecurities" xlink:label="bw2-titel9_BondsOtherFixedInterestDebtSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedInterestDebtSecurities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_6_ref">
      <ref:Article>6</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedInterestDebtSecurities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedInterestDebtSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedInterestDebtSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BranchOfficesDisclosure" xlink:label="bw2-titel9_BranchOfficesDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_392_1_F_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_392_1_F_ref">
      <ref:Article>392</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>f</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BranchOfficesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BranchOfficesNamesDisclosure" xlink:label="bw2-titel9_BranchOfficesNamesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BranchOfficesNamesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BranchOfficesNationsDisclosure" xlink:label="bw2-titel9_BranchOfficesNationsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BranchOfficesNationsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BranchOffices" xlink:label="bw2-titel9_BranchOffices_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BranchOffices_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CalledUpShareCapitalDisclosure" xlink:label="bw2-titel9_CalledUpShareCapitalDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapitalDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CalledUpShareCapitalPolicy" xlink:label="bw2-titel9_CalledUpShareCapitalPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapitalPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CalledUpShareCapital" xlink:label="bw2-titel9_CalledUpShareCapital_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapital_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_370_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_370_1_D_ref">
      <ref:Article>370</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CapitalisedDiscountsDisclosure" xlink:label="bw2-titel9_CapitalisedDiscountsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalisedDiscountsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CapitalisedDiscountsPolicy" xlink:label="bw2-titel9_CapitalisedDiscountsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalisedDiscountsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CapitalisedDiscounts" xlink:label="bw2-titel9_CapitalisedDiscounts_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_5_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalisedDiscounts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CapitalisedProductionCostsDisclosure" xlink:label="bw2-titel9_CapitalisedProductionCostsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalisedProductionCostsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CapitalisedProductionCostsPolicy" xlink:label="bw2-titel9_CapitalisedProductionCostsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalisedProductionCostsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CapitalisedProductionCosts" xlink:label="bw2-titel9_CapitalisedProductionCosts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalisedProductionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_8_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_8_2_ref">
      <ref:Article>8</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalisedProductionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_C_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalisedProductionCosts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CapitalizedInterestExpensesPolicy" xlink:label="bw2-titel9_CapitalizedInterestExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalizedInterestExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CashAndCashEquivalentsDisclosure" xlink:label="bw2-titel9_CashAndCashEquivalentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CashAndCashEquivalentsPolicy" xlink:label="bw2-titel9_CashAndCashEquivalentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CashAndCashEquivalentsUnavailableExplanation" xlink:label="bw2-titel9_CashAndCashEquivalentsUnavailableExplanation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_372_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_372_2_ref">
      <ref:Article>372</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalentsUnavailableExplanation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_372_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CashAndCashEquivalents" xlink:label="bw2-titel9_CashAndCashEquivalents_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalents_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalents_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalents_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalents_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalents_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalents_loc" xlink:to="bw2-titel9_BW2_2026-01-01_372_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalents_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalents_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_433_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_433_1_B_ref">
      <ref:Article>433</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalents_loc" xlink:to="bw2-titel9_BW2_2026-01-01_433_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CashInHandDisclosure" xlink:label="bw2-titel9_CashInHandDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashInHandDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CashInHandPolicy" xlink:label="bw2-titel9_CashInHandPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashInHandPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CashInHand" xlink:label="bw2-titel9_CashInHand_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashInHand_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashInHand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashInHand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashInHand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashInHand_loc" xlink:to="bw2-titel9_BW2_2026-01-01_372_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeAccountingPoliciesDescription" xlink:label="bw2-titel9_ChangeAccountingPoliciesDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_384_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_384_6_ref">
      <ref:Article>384</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeAccountingPoliciesDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeAccountingPoliciesDisclosure" xlink:label="bw2-titel9_ChangeAccountingPoliciesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeAccountingPoliciesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeAccountingPoliciesEffectOnEquityAndResultsDescription" xlink:label="bw2-titel9_ChangeAccountingPoliciesEffectOnEquityAndResultsDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeAccountingPoliciesEffectOnEquityAndResultsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInDeferredAcquisitionCostsDisclosure" xlink:label="bw2-titel9_ChangeInDeferredAcquisitionCostsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInDeferredAcquisitionCostsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInDeferredAcquisitionCostsDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_605_619_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInDeferredAcquisitionCostsPolicy" xlink:label="bw2-titel9_ChangeInDeferredAcquisitionCostsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInDeferredAcquisitionCostsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInDeferredAcquisitionCosts" xlink:label="bw2-titel9_ChangeInDeferredAcquisitionCosts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInDeferredAcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInDeferredAcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInDeferredAcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInDeferredAcquisitionCosts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInEqualisationReserveDisclosure" xlink:label="bw2-titel9_ChangeInEqualisationReserveDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInEqualisationReserveDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInEqualisationReservePolicy" xlink:label="bw2-titel9_ChangeInEqualisationReservePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInEqualisationReservePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInEqualisationReserve" xlink:label="bw2-titel9_ChangeInEqualisationReserve_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInEqualisationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInEqualisationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInEqualisationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccountDisclosure" xlink:label="bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccountDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccountDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccountPolicy" xlink:label="bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccount" xlink:label="bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInOtherTechnicalProvisionsForOwnAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionDamagesPayableDisclosure" xlink:label="bw2-titel9_ChangeInProvisionDamagesPayableDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionDamagesPayableGrossDisclosure" xlink:label="bw2-titel9_ChangeInProvisionDamagesPayableGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionDamagesPayableGrossPolicy" xlink:label="bw2-titel9_ChangeInProvisionDamagesPayableGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionDamagesPayableGross" xlink:label="bw2-titel9_ChangeInProvisionDamagesPayableGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableGross_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionDamagesPayablePolicy" xlink:label="bw2-titel9_ChangeInProvisionDamagesPayablePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayablePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPartDisclosure" xlink:label="bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPartPolicy" xlink:label="bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPart" xlink:label="bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayableReinsuredPart_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionDamagesPayable" xlink:label="bw2-titel9_ChangeInProvisionDamagesPayable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayable_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayable_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionDamagesPayable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForBenefitsPayableDisclosure" xlink:label="bw2-titel9_ChangeInProvisionForBenefitsPayableDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForBenefitsPayableGrossDisclosure" xlink:label="bw2-titel9_ChangeInProvisionForBenefitsPayableGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForBenefitsPayableGrossPolicy" xlink:label="bw2-titel9_ChangeInProvisionForBenefitsPayableGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForBenefitsPayableGross" xlink:label="bw2-titel9_ChangeInProvisionForBenefitsPayableGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableGross_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForBenefitsPayablePolicy" xlink:label="bw2-titel9_ChangeInProvisionForBenefitsPayablePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayablePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPartDisclosure" xlink:label="bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPartPolicy" xlink:label="bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPart" xlink:label="bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayableReinsuredPart_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForBenefitsPayable" xlink:label="bw2-titel9_ChangeInProvisionForBenefitsPayable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayable_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayable_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForBenefitsPayable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForLifeInsuranceDisclosure" xlink:label="bw2-titel9_ChangeInProvisionForLifeInsuranceDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForLifeInsuranceGrossDisclosure" xlink:label="bw2-titel9_ChangeInProvisionForLifeInsuranceGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForLifeInsuranceGrossPolicy" xlink:label="bw2-titel9_ChangeInProvisionForLifeInsuranceGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForLifeInsuranceGross" xlink:label="bw2-titel9_ChangeInProvisionForLifeInsuranceGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceGross_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForLifeInsurancePolicy" xlink:label="bw2-titel9_ChangeInProvisionForLifeInsurancePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsurancePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPartDisclosure" xlink:label="bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPartPolicy" xlink:label="bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPart" xlink:label="bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsuranceReinsuredPart_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInProvisionForLifeInsurance" xlink:label="bw2-titel9_ChangeInProvisionForLifeInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInProvisionForLifeInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksDisclosure" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGrossDisclosure" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGrossPolicy" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGross" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksGross_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksPolicy" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPartDisclosure" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPartPolicy" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPart" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisksReinsuredPart_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisks" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisks_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsAndUnexpiredRisks_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccountDisclosure" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccountDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccountDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccountPolicy" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccount" xlink:label="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangeInTechnicalProvisionsForUnearnedPremiumsForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesGroupingBalanceSheetIncomeStatementStatement" xlink:label="bw2-titel9_ChangesGroupingBalanceSheetIncomeStatementStatement_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_363_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_363_4_ref">
      <ref:Article>363</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesGroupingBalanceSheetIncomeStatementStatement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_363_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsDeductedFromAvailableReserves" xlink:label="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsDeductedFromAvailableReserves_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381a_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381a_B_ref">
      <ref:Article>381a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>b</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsDeductedFromAvailableReserves_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInIncomeStatement" xlink:label="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInIncomeStatement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInIncomeStatement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInRevaluationReserve" xlink:label="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInRevaluationReserve_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInRevaluationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslationDisclosure" xlink:label="bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslationDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslationDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslationPolicy" xlink:label="bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslationPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslationPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslation" xlink:label="bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslation_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16b_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16b_3_ref">
      <ref:Article>16b</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInReservesDueToForeignCurrencyTranslation_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueAssetsNoncurrent" xlink:label="bw2-titel9_ChangesInValueAssetsNoncurrent_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_387_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_387_4_ref">
      <ref:Article>387</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueAssetsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_387_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueIntangibleAssetsDisclosure" xlink:label="bw2-titel9_ChangesInValueIntangibleAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueIntangibleAssetsPolicy" xlink:label="bw2-titel9_ChangesInValueIntangibleAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentBreakdown" xlink:label="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentBreakdown_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentBreakdown_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_387_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_387_ref">
      <ref:Article>387</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentBreakdown_loc" xlink:to="bw2-titel9_BW2_2026-01-01_387_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_395a_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_395a_5_ref">
      <ref:Article>395a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentBreakdown_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentDisclosure" xlink:label="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentPolicy" xlink:label="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipment" xlink:label="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_387_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueIntangibleAssets" xlink:label="bw2-titel9_ChangesInValueIntangibleAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_387_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCreditDisclosure" xlink:label="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCreditDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCreditDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCreditPolicy" xlink:label="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCreditPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCreditPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCredit" xlink:label="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCredit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebitDisclosure" xlink:label="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebitDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebitDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebitPolicy" xlink:label="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebitPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebitPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebit" xlink:label="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueNoncurrentSecuritiesInvestmentsInParticipatingInterestsDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValuePropertyPlantEquipmentDisclosure" xlink:label="bw2-titel9_ChangesInValuePropertyPlantEquipmentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValuePropertyPlantEquipmentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValuePropertyPlantEquipmentPolicy" xlink:label="bw2-titel9_ChangesInValuePropertyPlantEquipmentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValuePropertyPlantEquipmentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValuePropertyPlantEquipment" xlink:label="bw2-titel9_ChangesInValuePropertyPlantEquipment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValuePropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValuePropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_387_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCreditDisclosure" xlink:label="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCreditDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCreditDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCreditPolicy" xlink:label="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCreditPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCreditPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCredit" xlink:label="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCredit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsDebitDisclosure" xlink:label="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsDebitDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsDebitDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsDebit" xlink:label="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsDebit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueReceivablesProvisionsForOnBalanceSheetCommitmentsDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInventoriesWorkInProgressDisclosure" xlink:label="bw2-titel9_ChangesInventoriesWorkInProgressDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInventoriesWorkInProgressDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInventoriesWorkInProgressPolicy" xlink:label="bw2-titel9_ChangesInventoriesWorkInProgressPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInventoriesWorkInProgressPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInventoriesWorkInProgressProductsPolicy" xlink:label="bw2-titel9_ChangesInventoriesWorkInProgressProductsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInventoriesWorkInProgressProductsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_120_401_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_120_401_ref">
      <ref:Chapter>120</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>401</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInventoriesWorkInProgressProductsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_120_401_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJk_2023-01-01_A2_206_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJk_2023-01-01_A2_206_ref">
      <ref:Chapter>A2</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving voor kleine rechtspersonen</ref:Name>
      <ref:Paragraph>206</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInventoriesWorkInProgressProductsPolicy_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_206_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInventoriesWorkInProgress" xlink:label="bw2-titel9_ChangesInventoriesWorkInProgress_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInventoriesWorkInProgress_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInventoriesWorkInProgress_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_B_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInventoriesWorkInProgress_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueFinancialAssetsSecuritiesDisclosure" xlink:label="bw2-titel9_ChangesValueFinancialAssetsSecuritiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueFinancialAssetsSecuritiesGroupCompaniesDisclosure" xlink:label="bw2-titel9_ChangesValueFinancialAssetsSecuritiesGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecuritiesGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueFinancialAssetsSecuritiesGroupCompanies" xlink:label="bw2-titel9_ChangesValueFinancialAssetsSecuritiesGroupCompanies_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_5_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecuritiesGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueFinancialAssetsSecuritiesOtherAffiliatedCompaniesDisclosure" xlink:label="bw2-titel9_ChangesValueFinancialAssetsSecuritiesOtherAffiliatedCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecuritiesOtherAffiliatedCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueFinancialAssetsSecuritiesOtherAffiliatedCompanies" xlink:label="bw2-titel9_ChangesValueFinancialAssetsSecuritiesOtherAffiliatedCompanies_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_361_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_361_4_ref">
      <ref:Article>361</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecuritiesOtherAffiliatedCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueFinancialAssetsSecuritiesPolicy" xlink:label="bw2-titel9_ChangesValueFinancialAssetsSecuritiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecuritiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueFinancialAssetsSecurities" xlink:label="bw2-titel9_ChangesValueFinancialAssetsSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_N_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_N_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>n</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecurities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_N_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_J_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_J_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>j</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecurities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_J_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecurities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_387_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueParticipatingInterestsNotValuedAtNetAssetValueDisclosure" xlink:label="bw2-titel9_ChangesValueParticipatingInterestsNotValuedAtNetAssetValueDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueParticipatingInterestsNotValuedAtNetAssetValueDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_7_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_7_4_ref">
      <ref:Article>7</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueParticipatingInterestsNotValuedAtNetAssetValueExpense" xlink:label="bw2-titel9_ChangesValueParticipatingInterestsNotValuedAtNetAssetValueExpense_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueParticipatingInterestsNotValuedAtNetAssetValueExpense_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_7_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueParticipatingInterestsNotValuedAtNetAssetValueIncome" xlink:label="bw2-titel9_ChangesValueParticipatingInterestsNotValuedAtNetAssetValueIncome_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueParticipatingInterestsNotValuedAtNetAssetValueIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_7_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CodeOfConductInformation" xlink:label="bw2-titel9_CodeOfConductInformation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_391a_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_391a_2_ref">
      <ref:Article>391a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CodeOfConductInformation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_1081_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_1081_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>1081</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CodeOfConductInformation_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1081_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_1082_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_1082_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>1082</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CodeOfConductInformation_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1082_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2026-01-01_650_406_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2026-01-01_650_406_ref">
      <ref:Chapter>650</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>406</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CodeOfConductInformation_loc" xlink:to="bw2-titel9_RJ_2026-01-01_650_406_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurersDisclosure" xlink:label="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurersDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurersDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurersDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_605_619_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurersPolicy" xlink:label="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurersPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurersPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurers" xlink:label="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurers_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsAndProfitSharingReceivedFromReinsurers_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommissionsPaidAndPayableDisclosure" xlink:label="bw2-titel9_CommissionsPaidAndPayableDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsPaidAndPayableDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommissionsPaidAndPayablePolicy" xlink:label="bw2-titel9_CommissionsPaidAndPayablePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsPaidAndPayablePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommissionsPaidAndPayable" xlink:label="bw2-titel9_CommissionsPaidAndPayable_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_9_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_9_ref">
      <ref:Article>9</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsPaidAndPayable_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsPaidAndPayable_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsPaidAndPayable_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_441_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_441_ref">
      <ref:Article>441</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsPaidAndPayable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommissionsReceivedAndReceivableDisclosure" xlink:label="bw2-titel9_CommissionsReceivedAndReceivableDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsReceivedAndReceivableDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommissionsReceivedAndReceivablePolicy" xlink:label="bw2-titel9_CommissionsReceivedAndReceivablePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsReceivedAndReceivablePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommissionsReceivedAndReceivable" xlink:label="bw2-titel9_CommissionsReceivedAndReceivable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsReceivedAndReceivable_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsReceivedAndReceivable_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommissionsReceivedAndReceivable_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnAgreementsResultingInRestrictionsOnTheTransferOfSharesOrShareCertificatesOrVotingRights" xlink:label="bw2-titel9_CommunicationOnAgreementsResultingInRestrictionsOnTheTransferOfSharesOrShareCertificatesOrVotingRights_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BA10O_2015-01-01_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BA10O_2015-01-01_1_ref">
      <ref:Article>1</ref:Article>
      <ref:IssueDate>2015-01-01</ref:IssueDate>
      <ref:Name>Besluit artikel 10 overnamerichtlijn</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnAgreementsResultingInRestrictionsOnTheTransferOfSharesOrShareCertificatesOrVotingRights_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnAgreementsWithDirectorsOrEmployeesRelatingToSeverancePaymentsFollowingATakeoverBid" xlink:label="bw2-titel9_CommunicationOnAgreementsWithDirectorsOrEmployeesRelatingToSeverancePaymentsFollowingATakeoverBid_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnAgreementsWithDirectorsOrEmployeesRelatingToSeverancePaymentsFollowingATakeoverBid_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnAnyRestrictionsRelatingToTheTransferOfSharesOrShareCertificates" xlink:label="bw2-titel9_CommunicationOnAnyRestrictionsRelatingToTheTransferOfSharesOrShareCertificates_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnAnyRestrictionsRelatingToTheTransferOfSharesOrShareCertificates_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnComplianceWithThePrinciplesAndBestPracticesOfOtherCodesOfConduct" xlink:label="bw2-titel9_CommunicationOnComplianceWithThePrinciplesAndBestPracticesOfOtherCodesOfConduct_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BIB_2018-01-01_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BIB_2018-01-01_3_ref">
      <ref:Article>3</ref:Article>
      <ref:IssueDate>2018-01-01</ref:IssueDate>
      <ref:Name>Besluit inhoud bestuursverslag</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnComplianceWithThePrinciplesAndBestPracticesOfOtherCodesOfConduct_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_4037_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_4037_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>4037</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnComplianceWithThePrinciplesAndBestPracticesOfOtherCodesOfConduct_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4037_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnComplianceWithThePrinciplesAndBestPracticesOfTheDutchCorporateGovernanceCode" xlink:label="bw2-titel9_CommunicationOnComplianceWithThePrinciplesAndBestPracticesOfTheDutchCorporateGovernanceCode_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnComplianceWithThePrinciplesAndBestPracticesOfTheDutchCorporateGovernanceCode_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnComplianceWithThePrinciplesAndBestPracticesOfTheDutchCorporateGovernanceCode_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4037_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnEquityStakesInTheCompanyToWhichANotificationRequirementApplies" xlink:label="bw2-titel9_CommunicationOnEquityStakesInTheCompanyToWhichANotificationRequirementApplies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnEquityStakesInTheCompanyToWhichANotificationRequirementApplies_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BIB_2018-01-01_3b_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BIB_2018-01-01_3b_ref">
      <ref:Article>3b</ref:Article>
      <ref:IssueDate>2018-01-01</ref:IssueDate>
      <ref:Name>Besluit inhoud bestuursverslag</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnEquityStakesInTheCompanyToWhichANotificationRequirementApplies_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3b_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsCircumstancesDevelopmentsRevenueProfitability" xlink:label="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsCircumstancesDevelopmentsRevenueProfitability_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_391_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_391_2_ref">
      <ref:Article>391</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsCircumstancesDevelopmentsRevenueProfitability_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_1102_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_1102_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>1102</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsCircumstancesDevelopmentsRevenueProfitability_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1102_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsFinancing" xlink:label="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsFinancing_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsFinancing_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsFinancing_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1102_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsInvestments" xlink:label="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsInvestments_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1102_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsStaffing" xlink:label="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsStaffing_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsStaffing_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopmentsStaffing_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1102_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnExpectedBusinessDevelopments" xlink:label="bw2-titel9_CommunicationOnExpectedBusinessDevelopments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExpectedBusinessDevelopments_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1102_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnExtraordinaryGovernanceControlRightsAttachedToSharesAndTheEntitledPerson" xlink:label="bw2-titel9_CommunicationOnExtraordinaryGovernanceControlRightsAttachedToSharesAndTheEntitledPerson_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExtraordinaryGovernanceControlRightsAttachedToSharesAndTheEntitledPerson_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnExtraordinaryGovernanceControlRightsAttachedToSharesAndTheEntitledPerson_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3b_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnHowExceptionalEventsNotTakenIntoAccountAffectedTheExpectations" xlink:label="bw2-titel9_CommunicationOnHowExceptionalEventsNotTakenIntoAccountAffectedTheExpectations_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnHowExceptionalEventsNotTakenIntoAccountAffectedTheExpectations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnHowExceptionalEventsNotTakenIntoAccountAffectedTheExpectations_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1102_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnMechanismForMonitoringEmployeeShareOptionArrangementsWhereTheControlRightsAreNotExercisedDirectlyByTheEmployees" xlink:label="bw2-titel9_CommunicationOnMechanismForMonitoringEmployeeShareOptionArrangementsWhereTheControlRightsAreNotExercisedDirectlyByTheEmployees_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnMechanismForMonitoringEmployeeShareOptionArrangementsWhereTheControlRightsAreNotExercisedDirectlyByTheEmployees_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnRemunerationPolicyManagement" xlink:label="bw2-titel9_CommunicationOnRemunerationPolicyManagement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnRemunerationPolicyManagement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_271_608_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_271_608_ref">
      <ref:Chapter>271</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>608</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnRemunerationPolicyManagement_loc" xlink:to="bw2-titel9_RJ_2023-01-01_271_608_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnResearchAndDevelopmentActivities" xlink:label="bw2-titel9_CommunicationOnResearchAndDevelopmentActivities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnResearchAndDevelopmentActivities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_1091_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_1091_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>1091</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnResearchAndDevelopmentActivities_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1091_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnResearchAndDevelopmentActivities_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1102_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnRestrictionsOfVotingRightsTermsForExercisingVotingRightsOrTheIssuanceOfShareCertificates" xlink:label="bw2-titel9_CommunicationOnRestrictionsOfVotingRightsTermsForExercisingVotingRightsOrTheIssuanceOfShareCertificates_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnRestrictionsOfVotingRightsTermsForExercisingVotingRightsOrTheIssuanceOfShareCertificates_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnRestrictionsOfVotingRightsTermsForExercisingVotingRightsOrTheIssuanceOfShareCertificates_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3b_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnSignificantAgreementsEnteredIntoModifiedOrTerminatedAfterChangesInControlRightsOfTheCompanyFollowingATakeoverBid" xlink:label="bw2-titel9_CommunicationOnSignificantAgreementsEnteredIntoModifiedOrTerminatedAfterChangesInControlRightsOfTheCompanyFollowingATakeoverBid_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnSignificantAgreementsEnteredIntoModifiedOrTerminatedAfterChangesInControlRightsOfTheCompanyFollowingATakeoverBid_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheAuthorityOfManagement" xlink:label="bw2-titel9_CommunicationOnTheAuthorityOfManagement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheAuthorityOfManagement_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheAuthorityOfManagement_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3b_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheCapitalStructureOfTheCompany" xlink:label="bw2-titel9_CommunicationOnTheCapitalStructureOfTheCompany_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheCapitalStructureOfTheCompany_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheCompositionAndFunctioningOfManagementAndItsCommittees" xlink:label="bw2-titel9_CommunicationOnTheCompositionAndFunctioningOfManagementAndItsCommittees_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BIB_2018-01-01_3a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BIB_2018-01-01_3a_ref">
      <ref:Article>3a</ref:Article>
      <ref:IssueDate>2018-01-01</ref:IssueDate>
      <ref:Name>Besluit inhoud bestuursverslag</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheCompositionAndFunctioningOfManagementAndItsCommittees_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3a_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_4036_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_4036_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>4036</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheCompositionAndFunctioningOfManagementAndItsCommittees_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4036_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheCompositionAndFunctioningOfTheSupervisoryBoardAndItsCommittees" xlink:label="bw2-titel9_CommunicationOnTheCompositionAndFunctioningOfTheSupervisoryBoardAndItsCommittees_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheCompositionAndFunctioningOfTheSupervisoryBoardAndItsCommittees_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheCompositionAndFunctioningOfTheSupervisoryBoardAndItsCommittees_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4036_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheConsequencesOfSignificantAgreementsEnteredIntoModifiedOrTerminatedAfterChangesInControlRightsOfTheCompanyFollowingATakeoverBid" xlink:label="bw2-titel9_CommunicationOnTheConsequencesOfSignificantAgreementsEnteredIntoModifiedOrTerminatedAfterChangesInControlRightsOfTheCompanyFollowingATakeoverBid_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheConsequencesOfSignificantAgreementsEnteredIntoModifiedOrTerminatedAfterChangesInControlRightsOfTheCompanyFollowingATakeoverBid_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheExistenceOfDifferentClassesOfShares" xlink:label="bw2-titel9_CommunicationOnTheExistenceOfDifferentClassesOfShares_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheExistenceOfDifferentClassesOfShares_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheFunctioningOfTheShareholdersMeetingAndItsKeyPowers" xlink:label="bw2-titel9_CommunicationOnTheFunctioningOfTheShareholdersMeetingAndItsKeyPowers_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheFunctioningOfTheShareholdersMeetingAndItsKeyPowers_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheFunctioningOfTheShareholdersMeetingAndItsKeyPowers_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4036_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheMainFeaturesOfTheManagementAndControlSystemOfTheCompanyRelatingToTheFinancialReportingProcess" xlink:label="bw2-titel9_CommunicationOnTheMainFeaturesOfTheManagementAndControlSystemOfTheCompanyRelatingToTheFinancialReportingProcess_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheMainFeaturesOfTheManagementAndControlSystemOfTheCompanyRelatingToTheFinancialReportingProcess_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheMainFeaturesOfTheManagementAndControlSystemOfTheCompanyRelatingToTheFinancialReportingProcess_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4036_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnThePercentageOfShareCapitalRepresentedByEachClassOfShares" xlink:label="bw2-titel9_CommunicationOnThePercentageOfShareCapitalRepresentedByEachClassOfShares_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnThePercentageOfShareCapitalRepresentedByEachClassOfShares_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheRegulationsForAdjustingTheArticlesAssociation" xlink:label="bw2-titel9_CommunicationOnTheRegulationsForAdjustingTheArticlesAssociation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheRegulationsForAdjustingTheArticlesAssociation_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheRegulationsForAdjustingTheArticlesAssociation_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3b_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheRegulationsForAppointingOrDismissingManagingOrSupervisoryDirectors" xlink:label="bw2-titel9_CommunicationOnTheRegulationsForAppointingOrDismissingManagingOrSupervisoryDirectors_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheRegulationsForAppointingOrDismissingManagingOrSupervisoryDirectors_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheRegulationsForAppointingOrDismissingManagingOrSupervisoryDirectors_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3b_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheRightsAndObligationsAttachedToEachClassOfShares" xlink:label="bw2-titel9_CommunicationOnTheRightsAndObligationsAttachedToEachClassOfShares_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheRightsAndObligationsAttachedToEachClassOfShares_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommunicationOnTheRightsOfShareholdersAndHowTheseRightsCanBeEnvoked" xlink:label="bw2-titel9_CommunicationOnTheRightsOfShareholdersAndHowTheseRightsCanBeEnvoked_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheRightsOfShareholdersAndHowTheseRightsCanBeEnvoked_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommunicationOnTheRightsOfShareholdersAndHowTheseRightsCanBeEnvoked_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4036_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ComprehensiveIncome" xlink:label="bw2-titel9_ComprehensiveIncome_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_440a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_440a_ref">
      <ref:Article>440a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ComprehensiveIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConsolidatingParentLocation" xlink:label="bw2-titel9_ConsolidatingParentLocation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_379_3_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_379_3_B_ref">
      <ref:Article>379</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidatingParentLocation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_3_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidatingParentLocation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConsolidatingParentName" xlink:label="bw2-titel9_ConsolidatingParentName_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidatingParentName_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_3_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidatingParentName_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConsolidationDisclosure" xlink:label="bw2-titel9_ConsolidationDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_405_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_405_ref">
      <ref:Article>405</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidationDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_405_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConsolidationExemptionDescription" xlink:label="bw2-titel9_ConsolidationExemptionDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_408_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_408_3_ref">
      <ref:Article>408</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidationExemptionDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_408_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConsolidationFirstConsolidationValuationDifferenceAndCalculationMethodDescription" xlink:label="bw2-titel9_ConsolidationFirstConsolidationValuationDifferenceAndCalculationMethodDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_413_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_413_ref">
      <ref:Article>413</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidationFirstConsolidationValuationDifferenceAndCalculationMethodDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_413_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConsolidationNotEliminatingOfProfitAndLossesFromAgreementsBetweenConsolidatedEntitiesDisclosure" xlink:label="bw2-titel9_ConsolidationNotEliminatingOfProfitAndLossesFromAgreementsBetweenConsolidatedEntitiesDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_446_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_446_ref">
      <ref:Article>446</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidationNotEliminatingOfProfitAndLossesFromAgreementsBetweenConsolidatedEntitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_446_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConsolidationPoliciesDescription" xlink:label="bw2-titel9_ConsolidationPoliciesDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_410_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_410_ref">
      <ref:Article>410</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidationPoliciesDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_410_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_2_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_2_A_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidationPoliciesDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_2_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentDisclosure" xlink:label="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentPolicy" xlink:label="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipment" xlink:label="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipment_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_366_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_366_1_D_ref">
      <ref:Article>366</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentAssetsCommittedToOnBehalfOfGroupCompanies" xlink:label="bw2-titel9_ContingentAssetsCommittedToOnBehalfOfGroupCompanies_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381_1_ref">
      <ref:Article>381</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentAssetsCommittedToOnBehalfOfGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentAssetsCommittedTo" xlink:label="bw2-titel9_ContingentAssetsCommittedTo_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentAssetsCommittedTo_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesCommittedToOnBehalfOfGroupCompanies" xlink:label="bw2-titel9_ContingentLiabilitiesCommittedToOnBehalfOfGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesCommittedToOnBehalfOfGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesCommittedTo" xlink:label="bw2-titel9_ContingentLiabilitiesCommittedTo_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesCommittedTo_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesDisclosure" xlink:label="bw2-titel9_ContingentLiabilitiesDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_7_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_7_1_ref">
      <ref:Article>7</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_7_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_7_3_ref">
      <ref:Article>7</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchangeDisclosure" xlink:label="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchangeDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchangeDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchangeDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchangeDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchangePolicy" xlink:label="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchangePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchangePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchange" xlink:label="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchange_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_7_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_7_ref">
      <ref:Article>7</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchange_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchange_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchange_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16_9_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16_9_ref">
      <ref:Article>16</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>9</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromDiscountedBillsOfExchange_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesFromGuaranteesEtcDisclosure" xlink:label="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtcDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtcDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtcDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtcDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesFromGuaranteesEtcPolicy" xlink:label="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtcPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtcPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesFromGuaranteesEtc" xlink:label="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtc_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtc_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtc_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtc_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromGuaranteesEtc_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCreditDisclosure" xlink:label="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCreditDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCreditDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCreditDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCreditDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCreditPolicy" xlink:label="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCreditPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCreditPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCredit" xlink:label="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCredit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCredit_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesFromIrrevocableLettersOfCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesOtherDisclosure" xlink:label="bw2-titel9_ContingentLiabilitiesOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesOtherPolicy" xlink:label="bw2-titel9_ContingentLiabilitiesOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesOther" xlink:label="bw2-titel9_ContingentLiabilitiesOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilitiesPolicy" xlink:label="bw2-titel9_ContingentLiabilitiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilitiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ContingentLiabilities" xlink:label="bw2-titel9_ContingentLiabilities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ContingentLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsConditionsConversion" xlink:label="bw2-titel9_ConvertibleBorrowingsConditionsConversion_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_6_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_6_6_ref">
      <ref:Article>6</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsConditionsConversion_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_6_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_7_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_7_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>7</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsConditionsConversion_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_7_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsCurrentConditionsConversion" xlink:label="bw2-titel9_ConvertibleBorrowingsCurrentConditionsConversion_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsCurrentConditionsConversion_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_7_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsCurrentDisclosure" xlink:label="bw2-titel9_ConvertibleBorrowingsCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsCurrentPolicy" xlink:label="bw2-titel9_ConvertibleBorrowingsCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsCurrent" xlink:label="bw2-titel9_ConvertibleBorrowingsCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_A_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsDisclosure" xlink:label="bw2-titel9_ConvertibleBorrowingsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsNoncurrentConditionsConversion" xlink:label="bw2-titel9_ConvertibleBorrowingsNoncurrentConditionsConversion_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrentConditionsConversion_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_7_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsNoncurrentDisclosure" xlink:label="bw2-titel9_ConvertibleBorrowingsNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsNoncurrentPolicy" xlink:label="bw2-titel9_ConvertibleBorrowingsNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsNoncurrent" xlink:label="bw2-titel9_ConvertibleBorrowingsNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsPolicy" xlink:label="bw2-titel9_ConvertibleBorrowingsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowings" xlink:label="bw2-titel9_ConvertibleBorrowings_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_436_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_436_ref">
      <ref:Article>436</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_436_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CorporateGovernanceStatement" xlink:label="bw2-titel9_CorporateGovernanceStatement_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BIB_2018-01-01_2a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BIB_2018-01-01_2a_ref">
      <ref:Article>2a</ref:Article>
      <ref:IssueDate>2018-01-01</ref:IssueDate>
      <ref:Name>Besluit inhoud bestuursverslag</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CorporateGovernanceStatement_loc" xlink:to="bw2-titel9_BIB_2018-01-01_2a_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_4033_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_4033_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>4033</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CorporateGovernanceStatement_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4033_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostOfSalesDisclosure" xlink:label="bw2-titel9_CostOfSalesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostOfSalesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostOfSalesPolicy" xlink:label="bw2-titel9_CostOfSalesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostOfSalesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostOfSales" xlink:label="bw2-titel9_CostOfSales_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostOfSales_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostOfSales_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_B_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostOfSales_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsIncorporationShareIssueDisclosure" xlink:label="bw2-titel9_CostsIncorporationShareIssueDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssueDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_365_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_365_2_ref">
      <ref:Article>365</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssueDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsIncorporationShareIssuePolicy" xlink:label="bw2-titel9_CostsIncorporationShareIssuePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssuePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_386_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_386_ref">
      <ref:Article>386</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssuePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_386_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_210_501_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_210_501_A_ref">
      <ref:Chapter>210</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>501</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssuePolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_210_501_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_210_501_C_ref">
      <ref:Chapter>210</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>501</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssuePolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsIncorporationShareIssue" xlink:label="bw2-titel9_CostsIncorporationShareIssue_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_365_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_365_1_A_ref">
      <ref:Article>365</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsOutsourcedWorkOtherExternalExpensesDisclosure" xlink:label="bw2-titel9_CostsOutsourcedWorkOtherExternalExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsOutsourcedWorkOtherExternalExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsOutsourcedWorkOtherExternalExpensesPolicy" xlink:label="bw2-titel9_CostsOutsourcedWorkOtherExternalExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsOutsourcedWorkOtherExternalExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsOutsourcedWorkOtherExternalExpenses" xlink:label="bw2-titel9_CostsOutsourcedWorkOtherExternalExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsOutsourcedWorkOtherExternalExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsOutsourcedWorkOtherExternalExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_G_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_G_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>g</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsOutsourcedWorkOtherExternalExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_G_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsRawMaterialsConsumablesDisclosure" xlink:label="bw2-titel9_CostsRawMaterialsConsumablesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumablesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpensesDisclosure" xlink:label="bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpensesPolicy" xlink:label="bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpenses" xlink:label="bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_G_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsRawMaterialsConsumablesPolicy" xlink:label="bw2-titel9_CostsRawMaterialsConsumablesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumablesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsRawMaterialsConsumables" xlink:label="bw2-titel9_CostsRawMaterialsConsumables_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_G_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CouldBeRecordedInMultipleLineItemsDescription" xlink:label="bw2-titel9_CouldBeRecordedInMultipleLineItemsDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_9_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_9_ref">
      <ref:Article>9</ref:Article>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CouldBeRecordedInMultipleLineItemsDescription_loc" xlink:to="bw2-titel9_BMJ_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CreditBalancesAvailableUponDemandFromCentralBanks" xlink:label="bw2-titel9_CreditBalancesAvailableUponDemandFromCentralBanks_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CreditBalancesAvailableUponDemandFromCentralBanks_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CreditBalancesOnBankAccountsDisclosure" xlink:label="bw2-titel9_CreditBalancesOnBankAccountsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CreditBalancesOnBankAccountsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CreditBalancesOnBankAccountsPolicy" xlink:label="bw2-titel9_CreditBalancesOnBankAccountsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CreditBalancesOnBankAccountsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CreditBalancesOnBankAccounts" xlink:label="bw2-titel9_CreditBalancesOnBankAccounts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CreditBalancesOnBankAccounts_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CreditBalancesOnBankAccounts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_372_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_615_601_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_615_601_A_ref">
      <ref:Chapter>615</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>601</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CreditBalancesOnBankAccounts_loc" xlink:to="bw2-titel9_RJ_2023-01-01_615_601_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesDisclosure" xlink:label="bw2-titel9_DamagesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesForOwnAccountDisclosure" xlink:label="bw2-titel9_DamagesForOwnAccountDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesForOwnAccountDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesForOwnAccountPolicy" xlink:label="bw2-titel9_DamagesForOwnAccountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesForOwnAccountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesForOwnAccount" xlink:label="bw2-titel9_DamagesForOwnAccount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesForOwnAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesForOwnAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesGrossDisclosure" xlink:label="bw2-titel9_DamagesGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesGrossPolicy" xlink:label="bw2-titel9_DamagesGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesGross" xlink:label="bw2-titel9_DamagesGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesGross_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesPolicy" xlink:label="bw2-titel9_DamagesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesReinsuredPartDisclosure" xlink:label="bw2-titel9_DamagesReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesReinsuredPartPolicy" xlink:label="bw2-titel9_DamagesReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamagesReinsuredPart" xlink:label="bw2-titel9_DamagesReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamagesReinsuredPart_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Damages" xlink:label="bw2-titel9_Damages_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Damages_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Damages_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Damages_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Damages_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansCurrentDisclosure" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansCurrentPolicy" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansCurrent" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansDisclosure" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansNoncurrentDisclosure" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansNoncurrentPolicy" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansNoncurrent" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansPolicy" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoans" xlink:label="bw2-titel9_DebenturesOtherPrivateLoans_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoans_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoans_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoans_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoans_loc" xlink:to="bw2-titel9_BW2_2026-01-01_436_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebtSecuritiesDisclosure" xlink:label="bw2-titel9_DebtSecuritiesDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_6_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_6_3_ref">
      <ref:Article>6</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebtSecuritiesExplanation" xlink:label="bw2-titel9_DebtSecuritiesExplanation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecuritiesExplanation_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebtSecuritiesOtherDisclosure" xlink:label="bw2-titel9_DebtSecuritiesOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecuritiesOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebtSecuritiesOtherPolicy" xlink:label="bw2-titel9_DebtSecuritiesOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecuritiesOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebtSecuritiesOther" xlink:label="bw2-titel9_DebtSecuritiesOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecuritiesOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecuritiesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16_4_ref">
      <ref:Article>16</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecuritiesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebtSecuritiesPolicy" xlink:label="bw2-titel9_DebtSecuritiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecuritiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebtSecurities" xlink:label="bw2-titel9_DebtSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecurities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebtSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueAssetsNoncurrentDisclosure" xlink:label="bw2-titel9_DecreaseInValueAssetsNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueAssetsNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueAssetsNoncurrentPolicy" xlink:label="bw2-titel9_DecreaseInValueAssetsNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueAssetsNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueAssetsNoncurrentReversalDisclosure" xlink:label="bw2-titel9_DecreaseInValueAssetsNoncurrentReversalDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueAssetsNoncurrentReversalDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueAssetsNoncurrentReversalPolicy" xlink:label="bw2-titel9_DecreaseInValueAssetsNoncurrentReversalPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueAssetsNoncurrentReversalPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueAssetsNoncurrentReversal" xlink:label="bw2-titel9_DecreaseInValueAssetsNoncurrentReversal_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueAssetsNoncurrentReversal_loc" xlink:to="bw2-titel9_BW2_2026-01-01_387_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueAssetsNoncurrent" xlink:label="bw2-titel9_DecreaseInValueAssetsNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueAssetsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_387_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueOfInvestmentsDisclosure" xlink:label="bw2-titel9_DecreaseInValueOfInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueOfInvestmentsPolicy" xlink:label="bw2-titel9_DecreaseInValueOfInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueOfInvestments" xlink:label="bw2-titel9_DecreaseInValueOfInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsDisclosure" xlink:label="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsPolicy" xlink:label="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests" xlink:label="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_420_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_420_ref">
      <ref:Article>420</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_420_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsDisclosure" xlink:label="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsPolicy" xlink:label="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitments" xlink:label="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_420_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsDisclosure" xlink:label="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsPolicy" xlink:label="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests" xlink:label="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfNoncurrentSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_420_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsDisclosure" xlink:label="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsPolicy" xlink:label="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitments" xlink:label="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DecreaseInValueReleaseOfReceivablesAndProvisionsForOnBalanceSheetCommitments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_420_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DeferredAcquisitionCostsDisclosure" xlink:label="bw2-titel9_DeferredAcquisitionCostsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DeferredAcquisitionCostsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DeferredAcquisitionCostsForDamageInsurance" xlink:label="bw2-titel9_DeferredAcquisitionCostsForDamageInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DeferredAcquisitionCostsForDamageInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_434_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DeferredAcquisitionCostsForLifeInsurance" xlink:label="bw2-titel9_DeferredAcquisitionCostsForLifeInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DeferredAcquisitionCostsForLifeInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_434_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DeferredAcquisitionCostsPolicy" xlink:label="bw2-titel9_DeferredAcquisitionCostsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DeferredAcquisitionCostsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DeferredAcquisitionCosts" xlink:label="bw2-titel9_DeferredAcquisitionCosts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DeferredAcquisitionCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DeferredAcquisitionCosts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_434_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsAtCreditInstitutionsCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_DepositsAtCreditInstitutionsCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtCreditInstitutionsCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsAtCreditInstitutionsCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_DepositsAtCreditInstitutionsCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtCreditInstitutionsCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsAtCreditInstitutionsDisclosure" xlink:label="bw2-titel9_DepositsAtCreditInstitutionsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtCreditInstitutionsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsAtCreditInstitutionsNonCurrentAssets" xlink:label="bw2-titel9_DepositsAtCreditInstitutionsNonCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtCreditInstitutionsNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsAtCreditInstitutionsPolicy" xlink:label="bw2-titel9_DepositsAtCreditInstitutionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtCreditInstitutionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsAtCreditInstitutions" xlink:label="bw2-titel9_DepositsAtCreditInstitutions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtCreditInstitutions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtCreditInstitutions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtCreditInstitutions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsAtInsurersDisclosure" xlink:label="bw2-titel9_DepositsAtInsurersDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtInsurersDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsAtInsurersPolicy" xlink:label="bw2-titel9_DepositsAtInsurersPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtInsurersPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsAtInsurers" xlink:label="bw2-titel9_DepositsAtInsurers_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtInsurers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsAtInsurers_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsOfReinsurersDisclosure" xlink:label="bw2-titel9_DepositsOfReinsurersDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsOfReinsurersDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsOfReinsurersPolicy" xlink:label="bw2-titel9_DepositsOfReinsurersPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsOfReinsurersPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepositsOfReinsurers" xlink:label="bw2-titel9_DepositsOfReinsurers_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsOfReinsurers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepositsOfReinsurers_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssetsDisclosure" xlink:label="bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssetsPolicy" xlink:label="bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssets" xlink:label="bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssets_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationAmortisationAndChangesValuePropertyPlantEquipmentIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationAmortisationAndDecreaseInValueAssetsDisclosure" xlink:label="bw2-titel9_DepreciationAmortisationAndDecreaseInValueAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationAmortisationAndDecreaseInValueAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationAmortisationAndDecreaseInValueAssetsPolicy" xlink:label="bw2-titel9_DepreciationAmortisationAndDecreaseInValueAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationAmortisationAndDecreaseInValueAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationAmortisationAndDecreaseInValueAssets" xlink:label="bw2-titel9_DepreciationAmortisationAndDecreaseInValueAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationAmortisationAndDecreaseInValueAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationOfInvestmentsInRealEstateDisclosure" xlink:label="bw2-titel9_DepreciationOfInvestmentsInRealEstateDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationOfInvestmentsInRealEstateDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationOfInvestmentsInRealEstatePolicy" xlink:label="bw2-titel9_DepreciationOfInvestmentsInRealEstatePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationOfInvestmentsInRealEstatePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationOfInvestmentsInRealEstate" xlink:label="bw2-titel9_DepreciationOfInvestmentsInRealEstate_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationOfInvestmentsInRealEstate_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16b_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16b_4_ref">
      <ref:Article>16b</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationOfInvestmentsInRealEstate_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationOtherPropertyPlantEquipmentAmortisationIntangibleAssetsDisclosure" xlink:label="bw2-titel9_DepreciationOtherPropertyPlantEquipmentAmortisationIntangibleAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationOtherPropertyPlantEquipmentAmortisationIntangibleAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationOtherPropertyPlantEquipmentAmortisationIntangibleAssetsPolicy" xlink:label="bw2-titel9_DepreciationOtherPropertyPlantEquipmentAmortisationIntangibleAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationOtherPropertyPlantEquipmentAmortisationIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationOtherPropertyPlantEquipmentAmortisationIntangibleAssets" xlink:label="bw2-titel9_DepreciationOtherPropertyPlantEquipmentAmortisationIntangibleAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationOtherPropertyPlantEquipmentAmortisationIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsBreakdown" xlink:label="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsBreakdown_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsBreakdown_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsDisclosure" xlink:label="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsPolicy" xlink:label="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_386_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssets" xlink:label="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationPropertyPlantEquipmentDisclosure" xlink:label="bw2-titel9_DepreciationPropertyPlantEquipmentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationPropertyPlantEquipmentPolicy" xlink:label="bw2-titel9_DepreciationPropertyPlantEquipmentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_386_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationPropertyPlantEquipment" xlink:label="bw2-titel9_DepreciationPropertyPlantEquipment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DerivativeFinancialInstrumentsAssets" xlink:label="bw2-titel9_DerivativeFinancialInstrumentsAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DerivativeFinancialInstrumentsAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DerivativeFinancialInstrumentsDisclosure" xlink:label="bw2-titel9_DerivativeFinancialInstrumentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DerivativeFinancialInstrumentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381a_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381a_C_ref">
      <ref:Article>381a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>c</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DerivativeFinancialInstrumentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DerivativeFinancialInstrumentsLiabilities" xlink:label="bw2-titel9_DerivativeFinancialInstrumentsLiabilities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DerivativeFinancialInstrumentsLiabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DerivativeFinancialInstrumentsNatureAndExtentDescription" xlink:label="bw2-titel9_DerivativeFinancialInstrumentsNatureAndExtentDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DerivativeFinancialInstrumentsNatureAndExtentDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_C_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381b_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381b_A_ref">
      <ref:Article>381b</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DerivativeFinancialInstrumentsNatureAndExtentDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DerivativeFinancialInstrumentsPolicy" xlink:label="bw2-titel9_DerivativeFinancialInstrumentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DerivativeFinancialInstrumentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DerivativeFinancialInstrumentsTermsAndConditionsThatMayAffectFutureCashFlows" xlink:label="bw2-titel9_DerivativeFinancialInstrumentsTermsAndConditionsThatMayAffectFutureCashFlows_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DerivativeFinancialInstrumentsTermsAndConditionsThatMayAffectFutureCashFlows_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DerivativeFinancialInstruments" xlink:label="bw2-titel9_DerivativeFinancialInstruments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DerivativeFinancialInstruments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DevelopmentCostsDisclosure" xlink:label="bw2-titel9_DevelopmentCostsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCostsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCostsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DevelopmentCostsPolicy" xlink:label="bw2-titel9_DevelopmentCostsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCostsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCostsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCostsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DevelopmentCosts" xlink:label="bw2-titel9_DevelopmentCosts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCosts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_365_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_365_1_B_ref">
      <ref:Article>365</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCosts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DeviationPriorPeriodFiguresDueToRevisionDisclosure" xlink:label="bw2-titel9_DeviationPriorPeriodFiguresDueToRevisionDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_363_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_363_5_ref">
      <ref:Article>363</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DeviationPriorPeriodFiguresDueToRevisionDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_363_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DeviationsRegulationsBasedTrueAndFairViewDisclosure" xlink:label="bw2-titel9_DeviationsRegulationsBasedTrueAndFairViewDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_362_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_362_4_ref">
      <ref:Article>362</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DeviationsRegulationsBasedTrueAndFairViewDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DifferenceFiscalCommercialAccountingPrinciplesDisclosure" xlink:label="bw2-titel9_DifferenceFiscalCommercialAccountingPrinciplesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DifferenceFiscalCommercialAccountingPrinciplesDisclosure_loc" xlink:to="bw2-titel9_BFW_2015-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DifferencesEquityResultSeparateConsolidatedFinancialStatementsDisclosure" xlink:label="bw2-titel9_DifferencesEquityResultSeparateConsolidatedFinancialStatementsDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_389_10_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_389_10_ref">
      <ref:Article>389</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>10</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DifferencesEquityResultSeparateConsolidatedFinancialStatementsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2026-01-01_105_303_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2026-01-01_105_303_ref">
      <ref:Chapter>105</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>303</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DifferencesEquityResultSeparateConsolidatedFinancialStatementsDisclosure_loc" xlink:to="bw2-titel9_RJ_2026-01-01_105_303_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DirectorReasonNoSignature" xlink:label="bw2-titel9_DirectorReasonNoSignature_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_15_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_15_ref">
      <ref:Article>15</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DirectorReasonNoSignature_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_15_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_101_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_101_2_ref">
      <ref:Article>101</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DirectorReasonNoSignature_loc" xlink:to="bw2-titel9_BW2_2026-01-01_101_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_210_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_210_2_ref">
      <ref:Article>210</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DirectorReasonNoSignature_loc" xlink:to="bw2-titel9_BW2_2026-01-01_210_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DirectorSignedStatus" xlink:label="bw2-titel9_DirectorSignedStatus_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DirectorSignedStatus_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_15_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DirectorSignedStatus_loc" xlink:to="bw2-titel9_BW2_2026-01-01_101_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DirectorSignedStatus_loc" xlink:to="bw2-titel9_BW2_2026-01-01_210_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DirectorType" xlink:label="bw2-titel9_DirectorType_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DirectorType_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_15_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DirectorType_loc" xlink:to="bw2-titel9_BW2_2026-01-01_101_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DirectorType_loc" xlink:to="bw2-titel9_BW2_2026-01-01_210_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Discounts" xlink:label="bw2-titel9_Discounts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Discounts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DividendIncomePolicy" xlink:label="bw2-titel9_DividendIncomePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DividendIncomePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DividendPayableHoldersPreferredSharesPolicy" xlink:label="bw2-titel9_DividendPayableHoldersPreferredSharesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DividendPayableHoldersPreferredSharesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DividendPayableHoldersPreferredSharesPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_120_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DividendPayableHoldersPreferredSharesPolicy_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_206_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DocumentAdoptionDate" xlink:label="bw2-titel9_DocumentAdoptionDate_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_394_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_394_1_ref">
      <ref:Article>394</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DocumentAdoptionDate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_394_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DocumentAdoptionStatus" xlink:label="bw2-titel9_DocumentAdoptionStatus_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_394_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_394_2_ref">
      <ref:Article>394</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DocumentAdoptionStatus_loc" xlink:to="bw2-titel9_BW2_2026-01-01_394_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DocumentAdoptionStatus_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EarnedPremiumsForOwnAccountDisclosure" xlink:label="bw2-titel9_EarnedPremiumsForOwnAccountDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EarnedPremiumsForOwnAccountDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EarnedPremiumsForOwnAccountPolicy" xlink:label="bw2-titel9_EarnedPremiumsForOwnAccountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EarnedPremiumsForOwnAccountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EarnedPremiumsForOwnAccount" xlink:label="bw2-titel9_EarnedPremiumsForOwnAccount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EarnedPremiumsForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EarnedPremiumsForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EarnedPremiumsForOwnAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EffectiveInterestRateOnLongtermDebtDisclosure" xlink:label="bw2-titel9_EffectiveInterestRateOnLongtermDebtDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_2_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EffectiveInterestRateOnLongtermDebtDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpensesDisclosure" xlink:label="bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpensesPolicy" xlink:label="bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpenses" xlink:label="bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpenses_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_10_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_10_ref">
      <ref:Article>10</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpenses_loc" xlink:to="bw2-titel9_BJB_2012-01-01_10_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsAndOtherAdministrativeExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EmployeeBenefitsExpensesBreakdown" xlink:label="bw2-titel9_EmployeeBenefitsExpensesBreakdown_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsExpensesBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsExpensesBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EmployeeBenefitsExpensesDisclosure" xlink:label="bw2-titel9_EmployeeBenefitsExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EmployeeBenefitsExpensesPolicy" xlink:label="bw2-titel9_EmployeeBenefitsExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EmployeeBenefitsExpenses" xlink:label="bw2-titel9_EmployeeBenefitsExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeeBenefitsExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EntryChamberOfCommerce" xlink:label="bw2-titel9_EntryChamberOfCommerce_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_153_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_153_1_ref">
      <ref:Article>153</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EntryChamberOfCommerce_loc" xlink:to="bw2-titel9_BW2_2026-01-01_153_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EnvironmentalAspectsDescription" xlink:label="bw2-titel9_EnvironmentalAspectsDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EnvironmentalAspectsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EqualisationReserveDisclosure" xlink:label="bw2-titel9_EqualisationReserveDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReserveDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EqualisationReserveGrossDisclosure" xlink:label="bw2-titel9_EqualisationReserveGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReserveGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EqualisationReserveGrossPolicy" xlink:label="bw2-titel9_EqualisationReserveGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReserveGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EqualisationReserveGross" xlink:label="bw2-titel9_EqualisationReserveGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReserveGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EqualisationReservePolicy" xlink:label="bw2-titel9_EqualisationReservePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReservePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EqualisationReserveReinsuredPartDisclosure" xlink:label="bw2-titel9_EqualisationReserveReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReserveReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EqualisationReserveReinsuredPartPolicy" xlink:label="bw2-titel9_EqualisationReserveReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReserveReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EqualisationReserveReinsuredPart" xlink:label="bw2-titel9_EqualisationReserveReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReserveReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EqualisationReserve" xlink:label="bw2-titel9_EqualisationReserve_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_435_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_435_ref">
      <ref:Article>435</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EqualisationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityAndLiabilitiesDisclosure" xlink:label="bw2-titel9_EquityAndLiabilitiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityAndLiabilitiesPolicy" xlink:label="bw2-titel9_EquityAndLiabilitiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilitiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityAndLiabilities" xlink:label="bw2-titel9_EquityAndLiabilities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityConsolidatedFinancialStatements" xlink:label="bw2-titel9_EquityConsolidatedFinancialStatements_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityConsolidatedFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityConsolidatedFinancialStatements_loc" xlink:to="bw2-titel9_RJ_2026-01-01_105_303_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityDifferenceSeparateConsolidatedFinancialStatementsOther" xlink:label="bw2-titel9_EquityDifferenceSeparateConsolidatedFinancialStatementsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityDifferenceSeparateConsolidatedFinancialStatementsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityDifferenceSeparateConsolidatedFinancialStatements" xlink:label="bw2-titel9_EquityDifferenceSeparateConsolidatedFinancialStatements_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityDifferenceSeparateConsolidatedFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityDisclosure" xlink:label="bw2-titel9_EquityDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityGroupDisclosure" xlink:label="bw2-titel9_EquityGroupDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityGroupDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityGroupPolicy" xlink:label="bw2-titel9_EquityGroupPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityGroupPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityGroup" xlink:label="bw2-titel9_EquityGroup_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_10_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_10_2_ref">
      <ref:Article>10</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityGroup_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_10_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_411_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_411_1_ref">
      <ref:Article>411</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityGroup_loc" xlink:to="bw2-titel9_BW2_2026-01-01_411_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityLiabilitiesAmountPolicy" xlink:label="bw2-titel9_EquityLiabilitiesAmountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityLiabilitiesAmountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityMovement" xlink:label="bw2-titel9_EquityMovement_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_378_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_378_1_B_ref">
      <ref:Article>378</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityMovement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityPolicy" xlink:label="bw2-titel9_EquityPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquitySeparateFinancialStatements" xlink:label="bw2-titel9_EquitySeparateFinancialStatements_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquitySeparateFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityWithheldPartResultDescription" xlink:label="bw2-titel9_EquityWithheldPartResultDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityWithheldPartResultDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Equity" xlink:label="bw2-titel9_Equity_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_5_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_10_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_10_1_ref">
      <ref:Article>10</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_10_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_1_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_378_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_378_1_ref">
      <ref:Article>378</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_429_2_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_429_2_A_ref">
      <ref:Article>429</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_2_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_240_302a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_240_302a_ref">
      <ref:Chapter>240</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>302a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Equity_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_302a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExpensesDisclosure" xlink:label="bw2-titel9_ExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExpensesOtherDisclosure" xlink:label="bw2-titel9_ExpensesOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExpensesOtherPolicy" xlink:label="bw2-titel9_ExpensesOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExpensesOther" xlink:label="bw2-titel9_ExpensesOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExpensesPolicy" xlink:label="bw2-titel9_ExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExpensesRelatedToInvestmentManagementDisclosure" xlink:label="bw2-titel9_ExpensesRelatedToInvestmentManagementDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesRelatedToInvestmentManagementDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExpensesRelatedToInvestmentManagementPolicy" xlink:label="bw2-titel9_ExpensesRelatedToInvestmentManagementPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesRelatedToInvestmentManagementPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExpensesRelatedToInvestmentManagement" xlink:label="bw2-titel9_ExpensesRelatedToInvestmentManagement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesRelatedToInvestmentManagement_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExpensesRelatedToInvestmentManagement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Expenses" xlink:label="bw2-titel9_Expenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Expenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExplanatoryReportRelatingToCommunicationsInTheContextOfDecreeOnArticle10TakeoverDirective" xlink:label="bw2-titel9_ExplanatoryReportRelatingToCommunicationsInTheContextOfDecreeOnArticle10TakeoverDirective_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExplanatoryReportRelatingToCommunicationsInTheContextOfDecreeOnArticle10TakeoverDirective_loc" xlink:to="bw2-titel9_BA10O_2015-01-01_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExploitationSubsidiesDisclosure" xlink:label="bw2-titel9_ExploitationSubsidiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExploitationSubsidiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExploitationSubsidiesPolicy" xlink:label="bw2-titel9_ExploitationSubsidiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExploitationSubsidiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExtraordinaryExpensesDisclosure" xlink:label="bw2-titel9_ExtraordinaryExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExtraordinaryExpensesPolicy" xlink:label="bw2-titel9_ExtraordinaryExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExtraordinaryExpenses" xlink:label="bw2-titel9_ExtraordinaryExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryExpenses_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_437_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_437_5_ref">
      <ref:Article>437</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExtraordinaryIncomeDisclosure" xlink:label="bw2-titel9_ExtraordinaryIncomeDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryIncomeDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExtraordinaryIncomePolicy" xlink:label="bw2-titel9_ExtraordinaryIncomePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryIncomePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExtraordinaryIncome" xlink:label="bw2-titel9_ExtraordinaryIncome_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryIncome_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsAccumulatedDepreciationImpairments" xlink:label="bw2-titel9_FinancialAssetsAccumulatedDepreciationImpairments_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_368_2_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_368_2_B_ref">
      <ref:Article>368</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsAccumulatedDepreciationImpairments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_2_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsAccumulatedRevaluations" xlink:label="bw2-titel9_FinancialAssetsAccumulatedRevaluations_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_368_2_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_368_2_A_ref">
      <ref:Article>368</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsAccumulatedRevaluations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_2_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsAccumulatedRevaluations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsAdditions" xlink:label="bw2-titel9_FinancialAssetsAdditions_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_368_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_368_1_B_ref">
      <ref:Article>368</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsAdditions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsBookActualValueHigherThanCurrentValueDescription" xlink:label="bw2-titel9_FinancialAssetsBookActualValueHigherThanCurrentValueDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381b_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381b_B_ref">
      <ref:Article>381b</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>b</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsBookActualValueHigherThanCurrentValueDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsBookValueHigherThanCurrentValueDisclosure" xlink:label="bw2-titel9_FinancialAssetsBookValueHigherThanCurrentValueDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsBookValueHigherThanCurrentValueDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsDepreciation" xlink:label="bw2-titel9_FinancialAssetsDepreciation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_368_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_368_1_D_ref">
      <ref:Article>368</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsDepreciation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsDisclosure" xlink:label="bw2-titel9_FinancialAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsDisposalsDepreciation" xlink:label="bw2-titel9_FinancialAssetsDisposalsDepreciation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsDisposalsDepreciation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsDisposals" xlink:label="bw2-titel9_FinancialAssetsDisposals_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsDisposals_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsImpairmentReversal" xlink:label="bw2-titel9_FinancialAssetsImpairmentReversal_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsImpairmentReversal_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsImpairment" xlink:label="bw2-titel9_FinancialAssetsImpairment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsImpairment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsMovement" xlink:label="bw2-titel9_FinancialAssetsMovement_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_368_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_368_1_ref">
      <ref:Article>368</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsMovement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsMovementsOther" xlink:label="bw2-titel9_FinancialAssetsMovementsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsMovementsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsPolicy" xlink:label="bw2-titel9_FinancialAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsRevaluations" xlink:label="bw2-titel9_FinancialAssetsRevaluations_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_368_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_368_1_C_ref">
      <ref:Article>368</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsRevaluations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssets" xlink:label="bw2-titel9_FinancialAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_364_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_364_2_ref">
      <ref:Article>364</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_367_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_367_ref">
      <ref:Article>367</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_368_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_368_1_A_ref">
      <ref:Article>368</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_368_1_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_368_1_E_ref">
      <ref:Article>368</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInformation" xlink:label="bw2-titel9_FinancialInformation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInformation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInformation_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1041_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsBookValue" xlink:label="bw2-titel9_FinancialInstrumentsBookValue_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsBookValue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsBookValue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsCurrentValueDescription" xlink:label="bw2-titel9_FinancialInstrumentsCurrentValueDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381a_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381a_A_ref">
      <ref:Article>381a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsCurrentValueDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsCurrentValuePolicy" xlink:label="bw2-titel9_FinancialInstrumentsCurrentValuePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsCurrentValuePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsCurrentValue" xlink:label="bw2-titel9_FinancialInstrumentsCurrentValue_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsCurrentValue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsCurrentValue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsCurrentValue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsDisclosure" xlink:label="bw2-titel9_FinancialInstrumentsDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381a_ref">
      <ref:Article>381a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381b_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381b_ref">
      <ref:Article>381b</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsInformation" xlink:label="bw2-titel9_FinancialInstrumentsInformation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_391_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_391_3_ref">
      <ref:Article>391</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsInformation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_1071_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_1071_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>1071</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsInformation_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1071_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsRiskHedgingPolicyDescription" xlink:label="bw2-titel9_FinancialInstrumentsRiskHedgingPolicyDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskHedgingPolicyDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskHedgingPolicyDescription_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1071_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsRiskManagementCashFlowRisksDisclosure" xlink:label="bw2-titel9_FinancialInstrumentsRiskManagementCashFlowRisksDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementCashFlowRisksDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementCashFlowRisksDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1071_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsRiskManagementCreditRisksDisclosure" xlink:label="bw2-titel9_FinancialInstrumentsRiskManagementCreditRisksDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementCreditRisksDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementCreditRisksDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1071_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsRiskManagementLiquidityRisksDisclosure" xlink:label="bw2-titel9_FinancialInstrumentsRiskManagementLiquidityRisksDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementLiquidityRisksDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementLiquidityRisksDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1071_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2026-01-01_290_918a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2026-01-01_290_918a_ref">
      <ref:Chapter>290</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>918a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementLiquidityRisksDisclosure_loc" xlink:to="bw2-titel9_RJ_2026-01-01_290_918a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsRiskManagementObjectives" xlink:label="bw2-titel9_FinancialInstrumentsRiskManagementObjectives_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementObjectives_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementObjectives_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1071_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsRiskManagementPolicyDescription" xlink:label="bw2-titel9_FinancialInstrumentsRiskManagementPolicyDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementPolicyDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementPolicyDescription_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1071_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2026-01-01_650_413_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2026-01-01_650_413_ref">
      <ref:Chapter>650</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>413</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementPolicyDescription_loc" xlink:to="bw2-titel9_RJ_2026-01-01_650_413_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsRiskManagementPriceRisksDisclosure" xlink:label="bw2-titel9_FinancialInstrumentsRiskManagementPriceRisksDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementPriceRisksDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsRiskManagementPriceRisksDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1071_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInvestmentsOtherDisclosure" xlink:label="bw2-titel9_FinancialInvestmentsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInvestmentsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInvestmentsOtherPolicy" xlink:label="bw2-titel9_FinancialInvestmentsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInvestmentsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInvestmentsOther" xlink:label="bw2-titel9_FinancialInvestmentsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInvestmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInvestmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInvestmentsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialReportingPeriodCurrentEndDate" xlink:label="bw2-titel9_FinancialReportingPeriodCurrentEndDate_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_3_ref">
      <ref:Article>3</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodCurrentEndDate_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_363_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_363_2_ref">
      <ref:Article>363</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodCurrentEndDate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_363_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_363_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_363_3_ref">
      <ref:Article>363</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodCurrentEndDate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_363_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialReportingPeriodCurrentStartDate" xlink:label="bw2-titel9_FinancialReportingPeriodCurrentStartDate_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodCurrentStartDate_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodCurrentStartDate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_363_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialReportingPeriodPreviousEndDate" xlink:label="bw2-titel9_FinancialReportingPeriodPreviousEndDate_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodPreviousEndDate_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodPreviousEndDate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_363_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialReportingPeriodPreviousStartDate" xlink:label="bw2-titel9_FinancialReportingPeriodPreviousStartDate_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodPreviousStartDate_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodPreviousStartDate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_363_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ForeignCurrencyTranslationPolicy" xlink:label="bw2-titel9_ForeignCurrencyTranslationPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ForeignCurrencyTranslationReserveDisclosure" xlink:label="bw2-titel9_ForeignCurrencyTranslationReserveDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserveDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ForeignCurrencyTranslationReserveMarketValuedSecurities" xlink:label="bw2-titel9_ForeignCurrencyTranslationReserveMarketValuedSecurities_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_401_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_401_2_ref">
      <ref:Article>401</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserveMarketValuedSecurities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_401_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ForeignCurrencyTranslationReservePolicy" xlink:label="bw2-titel9_ForeignCurrencyTranslationReservePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReservePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ForeignCurrencyTranslationReserveValuedAtMarketValueDisclosure" xlink:label="bw2-titel9_ForeignCurrencyTranslationReserveValuedAtMarketValueDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserveValuedAtMarketValueDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_401_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ForeignCurrencyTranslationReserve" xlink:label="bw2-titel9_ForeignCurrencyTranslationReserve_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_1_D_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_4_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_401_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_401_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_401_ref">
      <ref:Article>401</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_401_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralAdministrativeExpensesDisclosure" xlink:label="bw2-titel9_GeneralAdministrativeExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralAdministrativeExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralAdministrativeExpensesPolicy" xlink:label="bw2-titel9_GeneralAdministrativeExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralAdministrativeExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralAdministrativeExpenses" xlink:label="bw2-titel9_GeneralAdministrativeExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralAdministrativeExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralAdministrativeExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralAdministrativeExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_E_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralAdministrativeExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralBankingRisksReserveAdditionsDisposals" xlink:label="bw2-titel9_GeneralBankingRisksReserveAdditionsDisposals_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_424_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_424_ref">
      <ref:Article>424</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralBankingRisksReserveAdditionsDisposals_loc" xlink:to="bw2-titel9_BW2_2026-01-01_424_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralBankingRisksReserveDisclosure" xlink:label="bw2-titel9_GeneralBankingRisksReserveDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralBankingRisksReserveDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralBankingRisksReservePolicy" xlink:label="bw2-titel9_GeneralBankingRisksReservePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralBankingRisksReservePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralBankingRisksReserve" xlink:label="bw2-titel9_GeneralBankingRisksReserve_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralBankingRisksReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_424_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralInformationManagementReport" xlink:label="bw2-titel9_GeneralInformationManagementReport_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralInformationManagementReport_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeographicLocation" xlink:label="bw2-titel9_GeographicLocation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeographicLocation_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GoingConcernBasisForPreparationFinancialStatementsWhenNotGoingConcernBasisDescription" xlink:label="bw2-titel9_GoingConcernBasisForPreparationFinancialStatementsWhenNotGoingConcernBasisDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_384_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_384_3_ref">
      <ref:Article>384</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoingConcernBasisForPreparationFinancialStatementsWhenNotGoingConcernBasisDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GoingConcernDisclosure" xlink:label="bw2-titel9_GoingConcernDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoingConcernDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJk_2023-01-01_A2_211a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJk_2023-01-01_A2_211a_ref">
      <ref:Chapter>A2</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving voor kleine rechtspersonen</ref:Name>
      <ref:Paragraph>211a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoingConcernDisclosure_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_211a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GoingConcernEffectNotGoingConcernBasisOnEquityAndResultsDescription" xlink:label="bw2-titel9_GoingConcernEffectNotGoingConcernBasisOnEquityAndResultsDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoingConcernEffectNotGoingConcernBasisOnEquityAndResultsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GoingConcernUncertaintiesEntitysAbilityToContinueAsGoingConcernDescription" xlink:label="bw2-titel9_GoingConcernUncertaintiesEntitysAbilityToContinueAsGoingConcernDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoingConcernUncertaintiesEntitysAbilityToContinueAsGoingConcernDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GoodwillDisclosure" xlink:label="bw2-titel9_GoodwillDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoodwillDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GoodwillPolicy" xlink:label="bw2-titel9_GoodwillPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoodwillPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoodwillPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_386_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoodwillPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoodwillPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GoodwillReasonAndFactsDeterminingAmortisationTermOfTenYearsAtMost" xlink:label="bw2-titel9_GoodwillReasonAndFactsDeterminingAmortisationTermOfTenYearsAtMost_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_386_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_386_3_ref">
      <ref:Article>386</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoodwillReasonAndFactsDeterminingAmortisationTermOfTenYearsAtMost_loc" xlink:to="bw2-titel9_BW2_2026-01-01_386_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Goodwill" xlink:label="bw2-titel9_Goodwill_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Goodwill_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Goodwill_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Goodwill_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Goodwill_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Goodwill_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_365_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_365_1_D_ref">
      <ref:Article>365</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Goodwill_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Goodwill_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GovernmentSecuritiesForCentralBankRefinancingDisclosure" xlink:label="bw2-titel9_GovernmentSecuritiesForCentralBankRefinancingDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GovernmentSecuritiesForCentralBankRefinancingDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GovernmentSecuritiesForCentralBankRefinancingPolicy" xlink:label="bw2-titel9_GovernmentSecuritiesForCentralBankRefinancingPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GovernmentSecuritiesForCentralBankRefinancingPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GovernmentSecuritiesForCentralBankRefinancing" xlink:label="bw2-titel9_GovernmentSecuritiesForCentralBankRefinancing_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GovernmentSecuritiesForCentralBankRefinancing_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GovernmentSecuritiesForCentralBankRefinancing_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GovernmentSecuritiesForCentralBankRefinancing_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GovernmentSecuritiesForCentralBankRefinancing_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GovernmentSubsidiesDisclosure" xlink:label="bw2-titel9_GovernmentSubsidiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GovernmentSubsidiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GovernmentSubsidiesPolicy" xlink:label="bw2-titel9_GovernmentSubsidiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GovernmentSubsidiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GovernmentSubsidies" xlink:label="bw2-titel9_GovernmentSubsidies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GovernmentSubsidies_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GrossMarginDisclosure" xlink:label="bw2-titel9_GrossMarginDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GrossMarginDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GrossMarginPolicy" xlink:label="bw2-titel9_GrossMarginPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GrossMarginPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GrossMargin" xlink:label="bw2-titel9_GrossMargin_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GrossMargin_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_396_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_396_4_ref">
      <ref:Article>396</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GrossMargin_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_397_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_397_3_ref">
      <ref:Article>397</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GrossMargin_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GrossOperatingResultDisclosure" xlink:label="bw2-titel9_GrossOperatingResultDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GrossOperatingResultDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GrossOperatingResult" xlink:label="bw2-titel9_GrossOperatingResult_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GrossOperatingResult_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_C_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GrossOperatingResult_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GroupStructureDisclosure" xlink:label="bw2-titel9_GroupStructureDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_379_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_379_3_ref">
      <ref:Article>379</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GroupStructureDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GroupStructureLocationWhereToObtainCopyFinancialStatementsDescription" xlink:label="bw2-titel9_GroupStructureLocationWhereToObtainCopyFinancialStatementsDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GroupStructureLocationWhereToObtainCopyFinancialStatementsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_3_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GroupStructureUltimateParentLocation" xlink:label="bw2-titel9_GroupStructureUltimateParentLocation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_379_3_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_379_3_A_ref">
      <ref:Article>379</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GroupStructureUltimateParentLocation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_3_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GroupStructureUltimateParentName" xlink:label="bw2-titel9_GroupStructureUltimateParentName_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GroupStructureUltimateParentName_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_3_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GuaranteesJointManagingDirectorsSubsidiariesAndConsolidatedCompaniesDescription" xlink:label="bw2-titel9_GuaranteesJointManagingDirectorsSubsidiariesAndConsolidatedCompaniesDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383_2_ref">
      <ref:Article>383</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GuaranteesJointManagingDirectorsSubsidiariesAndConsolidatedCompaniesDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GuaranteesJointSupervisoryDirectorsSubsidiariesAndConsolidatedCompaniesDescription" xlink:label="bw2-titel9_GuaranteesJointSupervisoryDirectorsSubsidiariesAndConsolidatedCompaniesDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GuaranteesJointSupervisoryDirectorsSubsidiariesAndConsolidatedCompaniesDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ImpactTaxesCapitalIncomeDescription" xlink:label="bw2-titel9_ImpactTaxesCapitalIncomeDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_390_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_390_5_ref">
      <ref:Article>390</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpactTaxesCapitalIncomeDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_390_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ImpairmentCurrentAssetsDisclosure" xlink:label="bw2-titel9_ImpairmentCurrentAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentCurrentAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ImpairmentCurrentAssetsPolicy" xlink:label="bw2-titel9_ImpairmentCurrentAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentCurrentAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ImpairmentCurrentAssets" xlink:label="bw2-titel9_ImpairmentCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentCurrentAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentCurrentAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentCurrentAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_i_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_i_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>i</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_i_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_387_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ImpairmentFinancialAssetsPolicy" xlink:label="bw2-titel9_ImpairmentFinancialAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentFinancialAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ImpairmentFinancialAssetsReversalPolicy" xlink:label="bw2-titel9_ImpairmentFinancialAssetsReversalPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentFinancialAssetsReversalPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ImpairmentIntangibleAssetsReversalPolicy" xlink:label="bw2-titel9_ImpairmentIntangibleAssetsReversalPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentIntangibleAssetsReversalPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ImpairmentPropertyPlantEquipmentReversalPolicy" xlink:label="bw2-titel9_ImpairmentPropertyPlantEquipmentReversalPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentPropertyPlantEquipmentReversalPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeAllocatedToInvestmentsInLandAndBuildingsForOwnUse" xlink:label="bw2-titel9_IncomeAllocatedToInvestmentsInLandAndBuildingsForOwnUse_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeAllocatedToInvestmentsInLandAndBuildingsForOwnUse_loc" xlink:to="bw2-titel9_BW2_2026-01-01_442_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeDisclosure" xlink:label="bw2-titel9_IncomeDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeExpensesChargedToOtherFinancialYearNatureAndExtentDescription" xlink:label="bw2-titel9_IncomeExpensesChargedToOtherFinancialYearNatureAndExtentDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_7_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_7_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>7</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeExpensesChargedToOtherFinancialYearNatureAndExtentDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_7_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeExpensesOtherDisclosure" xlink:label="bw2-titel9_IncomeExpensesOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeExpensesOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeExpensesOtherPolicy" xlink:label="bw2-titel9_IncomeExpensesOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeExpensesOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeExpensesOther" xlink:label="bw2-titel9_IncomeExpensesOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeExpensesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccountDisclosure" xlink:label="bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccountDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccountDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccountPolicy" xlink:label="bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccount" xlink:label="bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsAllocatedToNonTechnicalAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsDisclosure" xlink:label="bw2-titel9_IncomeFromInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInInvestmentsOtherDisclosure" xlink:label="bw2-titel9_IncomeFromInvestmentsInInvestmentsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInInvestmentsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInInvestmentsOtherPolicy" xlink:label="bw2-titel9_IncomeFromInvestmentsInInvestmentsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInInvestmentsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInInvestmentsOther" xlink:label="bw2-titel9_IncomeFromInvestmentsInInvestmentsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInInvestmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInInvestmentsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInLandAndBuildingsDisclosure" xlink:label="bw2-titel9_IncomeFromInvestmentsInLandAndBuildingsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInLandAndBuildingsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInLandAndBuildingsPolicy" xlink:label="bw2-titel9_IncomeFromInvestmentsInLandAndBuildingsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInLandAndBuildingsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInLandAndBuildings" xlink:label="bw2-titel9_IncomeFromInvestmentsInLandAndBuildings_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsDisclosure" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsInGroupCompaniesDisclosure" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsInGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsInGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsInGroupCompaniesPolicy" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsInGroupCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsInGroupCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsInGroupCompanies" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsInGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValueDisclosure" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValueDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValueDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValue" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValue_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_7_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16_7_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16_7_ref">
      <ref:Article>16</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>7</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_7_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16_ref">
      <ref:Article>16</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16a_7_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16a_7_ref">
      <ref:Article>16a</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>7</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_7_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16a_ref">
      <ref:Article>16a</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16b_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16b_6_ref">
      <ref:Article>16b</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_6_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16b_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16b_ref">
      <ref:Article>16b</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsNotValuedAtNetAssetValue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsOtherDisclosure" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsOtherPolicy" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsOther" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsPolicy" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsInParticipatingInterests" xlink:label="bw2-titel9_IncomeFromInvestmentsInParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16a_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16a_6_ref">
      <ref:Article>16a</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_7_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestmentsPolicy" xlink:label="bw2-titel9_IncomeFromInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromInvestments" xlink:label="bw2-titel9_IncomeFromInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsDisclosure" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOtherDisclosure" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOtherPolicy" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOther" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInInvestmentsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildingsDisclosure" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildingsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildingsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildingsPolicy" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildingsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildingsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildings" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildings_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterestsDisclosure" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterestsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterestsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterestsPolicy" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterests" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestmentsPolicy" xlink:label="bw2-titel9_IncomeFromOtherInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromOtherInvestments" xlink:label="bw2-titel9_IncomeFromOtherInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromOtherInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromParticipatingInterestsInGroupCompaniesDisclosure" xlink:label="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromParticipatingInterestsInGroupCompaniesPolicy" xlink:label="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromParticipatingInterestsInGroupCompanies" xlink:label="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_7_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16_8_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16_8_ref">
      <ref:Article>16</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>8</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterestsDisclosure" xlink:label="bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterestsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterestsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterestsPolicy" xlink:label="bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterests" xlink:label="bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSecuritiesAndInvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecuritiesDisclosure" xlink:label="bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecuritiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecuritiesPolicy" xlink:label="bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecuritiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecuritiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecurities" xlink:label="bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeFromSharesAndOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeOtherDisclosure" xlink:label="bw2-titel9_IncomeOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeOtherPolicy" xlink:label="bw2-titel9_IncomeOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeOther" xlink:label="bw2-titel9_IncomeOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomePolicy" xlink:label="bw2-titel9_IncomePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeReceivablesNoncurrentSecuritiesDisclosure" xlink:label="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeReceivablesNoncurrentSecuritiesGroupCompaniesDisclosure" xlink:label="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeReceivablesNoncurrentSecuritiesGroupCompanies" xlink:label="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeReceivablesNoncurrentSecuritiesOtherAffiliatedCompanies" xlink:label="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesOtherAffiliatedCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesOtherAffiliatedCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeReceivablesNoncurrentSecuritiesPolicy" xlink:label="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeReceivablesNoncurrentSecurities" xlink:label="bw2-titel9_IncomeReceivablesNoncurrentSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_L_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_L_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>l</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecurities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_L_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_H_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_H_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>h</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecurities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseDisclosure" xlink:label="bw2-titel9_IncomeTaxExpenseDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCreditDisclosure" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCreditDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCreditDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCreditPolicy" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCreditPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCreditPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCredit" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCredit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_1_B_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsCredit_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebitDisclosure" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebitDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebitDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebitPolicy" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebitPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebitPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebit" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDebit_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDisclosure" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItemsPolicy" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItems" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItems_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItems_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItems_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItems_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItems_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItems_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCreditDisclosure" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCreditDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCreditDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCreditPolicy" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCreditPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCreditPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCredit" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCredit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_1_A_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesCredit_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebitDisclosure" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebitDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebitDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebitPolicy" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebitPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebitPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebit" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDebit_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDisclosure" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesPolicy" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivities" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOtherDisclosure" xlink:label="bw2-titel9_IncomeTaxExpenseOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOtherPolicy" xlink:label="bw2-titel9_IncomeTaxExpenseOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOther" xlink:label="bw2-titel9_IncomeTaxExpenseOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_7_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_7_3_ref">
      <ref:Article>7</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_7_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpensePolicy" xlink:label="bw2-titel9_IncomeTaxExpensePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpensePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpense" xlink:label="bw2-titel9_IncomeTaxExpense_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BFW_2015-01-01_2_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BFW_2015-01-01_2_2_ref">
      <ref:Article>2</ref:Article>
      <ref:IssueDate>2015-01-01</ref:IssueDate>
      <ref:Name>Besluit fiscale waarderingsgrondslagen</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpense_loc" xlink:to="bw2-titel9_BFW_2015-01-01_2_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpense_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpense_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpense_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpense_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpense_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpense_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpense_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Income" xlink:label="bw2-titel9_Income_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Income_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Income_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncreaseDecreaseInNegativeEquityParticipatingInterestsConsolidated" xlink:label="bw2-titel9_IncreaseDecreaseInNegativeEquityParticipatingInterestsConsolidated_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseDecreaseInNegativeEquityParticipatingInterestsConsolidated_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncreaseDecreaseInNotRealisedAccumulatedIntercompanyResults" xlink:label="bw2-titel9_IncreaseDecreaseInNotRealisedAccumulatedIntercompanyResults_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseDecreaseInNotRealisedAccumulatedIntercompanyResults_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncreaseDecreaseProvisionParticipatingInterests" xlink:label="bw2-titel9_IncreaseDecreaseProvisionParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseDecreaseProvisionParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncreaseInValueOfInvestmentsDisclosure" xlink:label="bw2-titel9_IncreaseInValueOfInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseInValueOfInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncreaseInValueOfInvestmentsPolicy" xlink:label="bw2-titel9_IncreaseInValueOfInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseInValueOfInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncreaseInValueOfInvestments" xlink:label="bw2-titel9_IncreaseInValueOfInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseInValueOfInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseInValueOfInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseInValueOfInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseInValueOfInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncreaseInValueOfInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IndicationNoAccruedAssetsLiabilitiesAreRecorded" xlink:label="bw2-titel9_IndicationNoAccruedAssetsLiabilitiesAreRecorded_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_395a_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_395a_3_ref">
      <ref:Article>395a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IndicationNoAccruedAssetsLiabilitiesAreRecorded_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJk_2023-01-01_D3.1_305a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJk_2023-01-01_D3.1_305a_ref">
      <ref:Chapter>D3.1</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving voor kleine rechtspersonen</ref:Name>
      <ref:Paragraph>305a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IndicationNoAccruedAssetsLiabilitiesAreRecorded_loc" xlink:to="bw2-titel9_RJk_2023-01-01_D3.1_305a_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJk_2026-01-01_M2_402_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJk_2026-01-01_M2_402_ref">
      <ref:Chapter>M2</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving voor kleine rechtspersonen</ref:Name>
      <ref:Paragraph>402</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IndicationNoAccruedAssetsLiabilitiesAreRecorded_loc" xlink:to="bw2-titel9_RJk_2026-01-01_M2_402_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InformationOtherLocationReference" xlink:label="bw2-titel9_InformationOtherLocationReference_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_394_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_394_4_ref">
      <ref:Article>394</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InformationOtherLocationReference_loc" xlink:to="bw2-titel9_BW2_2026-01-01_394_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InformationOther" xlink:label="bw2-titel9_InformationOther_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_392_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_392_ref">
      <ref:Article>392</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InformationOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsAccumulatedAmortisationImpairments" xlink:label="bw2-titel9_IntangibleAssetsAccumulatedAmortisationImpairments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsAccumulatedAmortisationImpairments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_2_B_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_210_501_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_210_501_D_ref">
      <ref:Chapter>210</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>501</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsAccumulatedAmortisationImpairments_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsAccumulatedRevaluations" xlink:label="bw2-titel9_IntangibleAssetsAccumulatedRevaluations_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsAccumulatedRevaluations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_2_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsAccumulatedRevaluations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsAdditions" xlink:label="bw2-titel9_IntangibleAssetsAdditions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsAdditions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_B_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_210_501_F_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_210_501_F_ref">
      <ref:Chapter>210</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>501</ref:Paragraph>
      <ref:Subparagraph>f</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsAdditions_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsAmortisation" xlink:label="bw2-titel9_IntangibleAssetsAmortisation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsAmortisation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsAmortisation_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsCurrentValueDisclosure" xlink:label="bw2-titel9_IntangibleAssetsCurrentValueDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsCurrentValueDisclosure_loc" xlink:to="bw2-titel9_BAW_2015-01-01_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsDisclosure" xlink:label="bw2-titel9_IntangibleAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsDisposalsAmortisation" xlink:label="bw2-titel9_IntangibleAssetsDisposalsAmortisation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsDisposalsAmortisation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsDisposalsAmortisation_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsDisposals" xlink:label="bw2-titel9_IntangibleAssetsDisposals_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsDisposals_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsDisposals_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsImpairmentReversal" xlink:label="bw2-titel9_IntangibleAssetsImpairmentReversal_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsImpairmentReversal_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsImpairmentReversal_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsImpairment" xlink:label="bw2-titel9_IntangibleAssetsImpairment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsImpairment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsImpairment_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsInterestCapitalisedDuringPeriodDescription" xlink:label="bw2-titel9_IntangibleAssetsInterestCapitalisedDuringPeriodDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_388_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_388_2_ref">
      <ref:Article>388</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsInterestCapitalisedDuringPeriodDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_388_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsMovement" xlink:label="bw2-titel9_IntangibleAssetsMovement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsMovement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsMovement_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsPolicy" xlink:label="bw2-titel9_IntangibleAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsRevaluations" xlink:label="bw2-titel9_IntangibleAssetsRevaluations_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsRevaluations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsRevaluations_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssets" xlink:label="bw2-titel9_IntangibleAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_365_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_365_1_ref">
      <ref:Article>365</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestExpensesInterestCapitalisedDuringPeriodDisclosure" xlink:label="bw2-titel9_InterestExpensesInterestCapitalisedDuringPeriodDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesInterestCapitalisedDuringPeriodDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_388_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestExpensesRelatedExpensesDisclosure" xlink:label="bw2-titel9_InterestExpensesRelatedExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestExpensesRelatedExpensesGroupCompanies" xlink:label="bw2-titel9_InterestExpensesRelatedExpensesGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpensesGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestExpensesRelatedExpensesOtherAffiliatedCompanies" xlink:label="bw2-titel9_InterestExpensesRelatedExpensesOtherAffiliatedCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpensesOtherAffiliatedCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestExpensesRelatedExpensesPolicy" xlink:label="bw2-titel9_InterestExpensesRelatedExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestExpensesRelatedExpenses" xlink:label="bw2-titel9_InterestExpensesRelatedExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpenses_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_O_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_O_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>o</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_O_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_K_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_K_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>k</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_K_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecuritiesDisclosure" xlink:label="bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecuritiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecuritiesPolicy" xlink:label="bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecuritiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecuritiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecurities" xlink:label="bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestFromBondsAndOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeDisclosure" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeGroupCompaniesDisclosure" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeGroupCompanies" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeOtherAffiliatedCompaniesDisclosure" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeOtherAffiliatedCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeOtherAffiliatedCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeOtherAffiliatedCompanies" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeOtherAffiliatedCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeOtherAffiliatedCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeOtherDisclosure" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeOtherPolicy" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeOther" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomePolicy" xlink:label="bw2-titel9_InterestIncomeRelatedIncomePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncome" xlink:label="bw2-titel9_InterestIncomeRelatedIncome_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncome_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_M_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_M_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>m</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_M_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_i_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_i_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>i</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_i_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestsInInvestmentPoolsCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_InterestsInInvestmentPoolsCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestsInInvestmentPoolsCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestsInInvestmentPoolsCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_InterestsInInvestmentPoolsCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestsInInvestmentPoolsCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestsInInvestmentPoolsDisclosure" xlink:label="bw2-titel9_InterestsInInvestmentPoolsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestsInInvestmentPoolsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestsInInvestmentPoolsNonCurrentAssets" xlink:label="bw2-titel9_InterestsInInvestmentPoolsNonCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestsInInvestmentPoolsNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestsInInvestmentPoolsPolicy" xlink:label="bw2-titel9_InterestsInInvestmentPoolsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestsInInvestmentPoolsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestsInInvestmentPools" xlink:label="bw2-titel9_InterestsInInvestmentPools_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestsInInvestmentPools_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestsInInvestmentPools_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoriesDisclosure" xlink:label="bw2-titel9_InventoriesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoriesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoriesInterestCapitalisedDuringPeriodDescription" xlink:label="bw2-titel9_InventoriesInterestCapitalisedDuringPeriodDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoriesInterestCapitalisedDuringPeriodDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_388_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoriesPolicy" xlink:label="bw2-titel9_InventoriesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoriesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Inventories" xlink:label="bw2-titel9_Inventories_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Inventories_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Inventories_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Inventories_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_369_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_369_ref">
      <ref:Article>369</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Inventories_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Inventories_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoryFinishedTradeGoodsDisclosure" xlink:label="bw2-titel9_InventoryFinishedTradeGoodsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryFinishedTradeGoodsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoryFinishedTradeGoodsPolicy" xlink:label="bw2-titel9_InventoryFinishedTradeGoodsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryFinishedTradeGoodsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoryFinishedTradeGoods" xlink:label="bw2-titel9_InventoryFinishedTradeGoods_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryFinishedTradeGoods_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryFinishedTradeGoods_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_369_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_369_C_ref">
      <ref:Article>369</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>c</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryFinishedTradeGoods_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoryRawMaterialsConsumablesDisclosure" xlink:label="bw2-titel9_InventoryRawMaterialsConsumablesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryRawMaterialsConsumablesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoryRawMaterialsConsumablesPolicy" xlink:label="bw2-titel9_InventoryRawMaterialsConsumablesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryRawMaterialsConsumablesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoryRawMaterialsConsumables" xlink:label="bw2-titel9_InventoryRawMaterialsConsumables_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryRawMaterialsConsumables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryRawMaterialsConsumables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_369_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_369_A_ref">
      <ref:Article>369</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryRawMaterialsConsumables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentCurrentAssetsNotTradingPortfolio" xlink:label="bw2-titel9_InvestmentCurrentAssetsNotTradingPortfolio_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_429_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_429_2_ref">
      <ref:Article>429</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentCurrentAssetsNotTradingPortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_430_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_430_6_ref">
      <ref:Article>430</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentCurrentAssetsNotTradingPortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentCurrentAssets" xlink:label="bw2-titel9_InvestmentCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentExpensesDisclosure" xlink:label="bw2-titel9_InvestmentExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentExpensesPolicy" xlink:label="bw2-titel9_InvestmentExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentExpenses" xlink:label="bw2-titel9_InvestmentExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentPropertiesAccumulatedDepreciationImpairments" xlink:label="bw2-titel9_InvestmentPropertiesAccumulatedDepreciationImpairments_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_368_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_368_2_ref">
      <ref:Article>368</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentPropertiesAccumulatedDepreciationImpairments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentPropertiesInterestCapitalisedDuringPeriodDescription" xlink:label="bw2-titel9_InvestmentPropertiesInterestCapitalisedDuringPeriodDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentPropertiesInterestCapitalisedDuringPeriodDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_388_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsClassifiedAsCurrentAssetsNotPartOfTradingBook" xlink:label="bw2-titel9_InvestmentsClassifiedAsCurrentAssetsNotPartOfTradingBook_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsClassifiedAsCurrentAssetsNotPartOfTradingBook_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsClassifiedAsCurrentAssetsNotPartOfTradingBook_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsClassifiedAsCurrentAssetsPartOfTradingBook" xlink:label="bw2-titel9_InvestmentsClassifiedAsCurrentAssetsPartOfTradingBook_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsClassifiedAsCurrentAssetsPartOfTradingBook_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsClassifiedAsCurrentAssetsPartOfTradingBook_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsClassifiedAsNoncurrentAssets" xlink:label="bw2-titel9_InvestmentsClassifiedAsNoncurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsClassifiedAsNoncurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsClassifiedAsNoncurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsDisclosure" xlink:label="bw2-titel9_InvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsFixedAssetsCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_InvestmentsFixedAssetsCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsFixedAssetsCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsFixedAssetsCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsFixedAssetsCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_InvestmentsFixedAssetsCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsFixedAssetsCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsFixedAssetsCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsFixedAssetsNonCurrentAssets" xlink:label="bw2-titel9_InvestmentsFixedAssetsNonCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsFixedAssetsNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsFixedAssetsNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsFixedAssets" xlink:label="bw2-titel9_InvestmentsFixedAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsFixedAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsFixedAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFundsDisclosure" xlink:label="bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFundsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFundsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFundsPolicy" xlink:label="bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFundsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFundsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFunds" xlink:label="bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFunds_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFunds_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsForRiskOfPolicyHoldersAndInvestmentsOfAnnualLifeFunds_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterestsDisclosure" xlink:label="bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterestsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterestsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterestsPolicy" xlink:label="bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterests" xlink:label="bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInGroupCompaniesAndParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsDisclosure" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseDisclosure" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseNonCurrentAssets" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseNonCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUseNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsForOwnUsePolicy" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUsePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUsePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsForOwnUse" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUse_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUse_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUse_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsForOwnUse_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsOtherCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsOtherCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsOtherCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsOtherCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsOtherCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsOtherCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsOtherDisclosure" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsOtherPolicy" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsOther" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildingsPolicy" xlink:label="bw2-titel9_InvestmentsInLandAndBuildingsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildingsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInLandAndBuildings" xlink:label="bw2-titel9_InvestmentsInLandAndBuildings_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherDisclosure" xlink:label="bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherPolicy" xlink:label="bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInOtherParticipatingInterestsOther" xlink:label="bw2-titel9_InvestmentsInOtherParticipatingInterestsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInOtherParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInOtherParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsDisclosure" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsPolicy" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutions" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutions_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_4_ref">
      <ref:Article>4</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutions_loc" xlink:to="bw2-titel9_BJB_2012-01-01_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesDisclosure" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherDisclosure" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherPolicy" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOther" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesPolicy" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_389_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_389_2_ref">
      <ref:Article>389</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BJB_2012-01-01_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_367_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_367_A_ref">
      <ref:Article>367</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsDisclosure" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsPolicy" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutions" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutions_loc" xlink:to="bw2-titel9_BJB_2012-01-01_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsOtherDisclosure" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsOtherPolicy" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsOther" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_367_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_367_B_ref">
      <ref:Article>367</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>b</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterests" xlink:label="bw2-titel9_InvestmentsInParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterests_loc" xlink:to="bw2-titel9_BJB_2012-01-01_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsOtherAffiliatedCompaniesDisclosure" xlink:label="bw2-titel9_InvestmentsOtherAffiliatedCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsOtherAffiliatedCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_300_106_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_300_106_ref">
      <ref:Chapter>300</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>106</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsOtherAffiliatedCompaniesDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_300_106_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsOtherAffiliatedCompaniesPolicy" xlink:label="bw2-titel9_InvestmentsOtherAffiliatedCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsOtherAffiliatedCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsOtherAffiliatedCompanies" xlink:label="bw2-titel9_InvestmentsOtherAffiliatedCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsOtherAffiliatedCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsPolicy" xlink:label="bw2-titel9_InvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Investments" xlink:label="bw2-titel9_Investments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Investments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Investments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Investments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Investments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Investments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IrrevocableCommitmentsDisclosure" xlink:label="bw2-titel9_IrrevocableCommitmentsDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_7_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_7_2_ref">
      <ref:Article>7</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactionsDisclosure" xlink:label="bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactionsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactionsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactionsPolicy" xlink:label="bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactions" xlink:label="bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactions_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsFromSaleAndRepurchaseTransactions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IrrevocableCommitmentsOtherDisclosure" xlink:label="bw2-titel9_IrrevocableCommitmentsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IrrevocableCommitmentsOtherPolicy" xlink:label="bw2-titel9_IrrevocableCommitmentsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IrrevocableCommitmentsOther" xlink:label="bw2-titel9_IrrevocableCommitmentsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IrrevocableCommitmentsPolicy" xlink:label="bw2-titel9_IrrevocableCommitmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IrrevocableCommitments" xlink:label="bw2-titel9_IrrevocableCommitments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitments_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitments_loc" xlink:to="bw2-titel9_BJB_2012-01-01_7_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IrrevocableCommitments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LandAndBuildingsDisclosure" xlink:label="bw2-titel9_LandAndBuildingsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LandAndBuildingsForOwnUseDisclosure" xlink:label="bw2-titel9_LandAndBuildingsForOwnUseDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsForOwnUseDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LandAndBuildingsForOwnUsePolicy" xlink:label="bw2-titel9_LandAndBuildingsForOwnUsePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsForOwnUsePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LandAndBuildingsForOwnUse" xlink:label="bw2-titel9_LandAndBuildingsForOwnUse_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsForOwnUse_loc" xlink:to="bw2-titel9_BJB_2012-01-01_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsForOwnUse_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsForOwnUse_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_600_233_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_600_233_ref">
      <ref:Chapter>600</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>233</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsForOwnUse_loc" xlink:to="bw2-titel9_RJ_2023-01-01_600_233_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LandAndBuildingsPolicy" xlink:label="bw2-titel9_LandAndBuildingsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LandAndBuildings" xlink:label="bw2-titel9_LandAndBuildings_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_366_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_366_1_A_ref">
      <ref:Article>366</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityEquityLastFinancialStatements" xlink:label="bw2-titel9_LegalEntityEquityLastFinancialStatements_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_379_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_379_2_ref">
      <ref:Article>379</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityEquityLastFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_2_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_2_E_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityEquityLastFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_2_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityInterestInShareCapitalEachCompanyAtLeastFifthOfIssuedCapital" xlink:label="bw2-titel9_LegalEntityInterestInShareCapitalEachCompanyAtLeastFifthOfIssuedCapital_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_379_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_379_1_A_ref">
      <ref:Article>379</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityInterestInShareCapitalEachCompanyAtLeastFifthOfIssuedCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityInterestInShareCapitalEachCompanyAtLeastFifthOfIssuedCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityInterestInShareCapitalEachCompanyFullyLiable" xlink:label="bw2-titel9_LegalEntityInterestInShareCapitalEachCompanyFullyLiable_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_379_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_379_1_B_ref">
      <ref:Article>379</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityInterestInShareCapitalEachCompanyFullyLiable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityInterestInShareCapitalEachCompanyFullyLiable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityInterestInShareCapital" xlink:label="bw2-titel9_LegalEntityInterestInShareCapital_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_379_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_379_1_ref">
      <ref:Article>379</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityInterestInShareCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_2_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_2_D_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityInterestInShareCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_2_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityLegalForm" xlink:label="bw2-titel9_LegalEntityLegalForm_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_380b_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_380b_B_ref">
      <ref:Article>380b</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>b</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLegalForm_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380b_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityLocationEachCompanyAtLeastFifthOfIssuedCapital" xlink:label="bw2-titel9_LegalEntityLocationEachCompanyAtLeastFifthOfIssuedCapital_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLocationEachCompanyAtLeastFifthOfIssuedCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityLocationEachCompanyFullyLiable" xlink:label="bw2-titel9_LegalEntityLocationEachCompanyFullyLiable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLocationEachCompanyFullyLiable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityLocationEachCompanyIncludedInConsolidatedFinancialStatementsAtLeastFifthOfIssuedCapital" xlink:label="bw2-titel9_LegalEntityLocationEachCompanyIncludedInConsolidatedFinancialStatementsAtLeastFifthOfIssuedCapital_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_1_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_1_E_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLocationEachCompanyIncludedInConsolidatedFinancialStatementsAtLeastFifthOfIssuedCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityLocationEachCompanyIncludedInConsolidatedFinancialStatementsFullyConsolidated" xlink:label="bw2-titel9_LegalEntityLocationEachCompanyIncludedInConsolidatedFinancialStatementsFullyConsolidated_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_1_A_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLocationEachCompanyIncludedInConsolidatedFinancialStatementsFullyConsolidated_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityLocationEachCompanyIncludedInConsolidatedFinancialStatementsInProportion" xlink:label="bw2-titel9_LegalEntityLocationEachCompanyIncludedInConsolidatedFinancialStatementsInProportion_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_1_B_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLocationEachCompanyIncludedInConsolidatedFinancialStatementsInProportion_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityLocationEachCompanyWithoutLegalPersonality" xlink:label="bw2-titel9_LegalEntityLocationEachCompanyWithoutLegalPersonality_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_1_D_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLocationEachCompanyWithoutLegalPersonality_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityLocation" xlink:label="bw2-titel9_LegalEntityLocation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLocation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_380b_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_380b_ref">
      <ref:Article>380b</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLocation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380b_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_1_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityLocation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityNameManagingSupervisoryDirector" xlink:label="bw2-titel9_LegalEntityNameManagingSupervisoryDirector_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityNameManagingSupervisoryDirector_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_15_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityRegisteredOffice" xlink:label="bw2-titel9_LegalEntityRegisteredOffice_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_380b_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_380b_C_ref">
      <ref:Article>380b</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>c</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityRegisteredOffice_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380b_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityResultsLastFinancialStatementsAtLeastFifthOfIssuedCapital" xlink:label="bw2-titel9_LegalEntityResultsLastFinancialStatementsAtLeastFifthOfIssuedCapital_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityResultsLastFinancialStatementsAtLeastFifthOfIssuedCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityResultsLastFinancialStatementsAtLeastFifthOfIssuedCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_2_E_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_115_218_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_115_218_ref">
      <ref:Chapter>115</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>218</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityResultsLastFinancialStatementsAtLeastFifthOfIssuedCapital_loc" xlink:to="bw2-titel9_RJ_2023-01-01_115_218_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_214_611_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_214_611_ref">
      <ref:Chapter>214</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>611</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityResultsLastFinancialStatementsAtLeastFifthOfIssuedCapital_loc" xlink:to="bw2-titel9_RJ_2023-01-01_214_611_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityResultsLastFinancialStatements" xlink:label="bw2-titel9_LegalEntityResultsLastFinancialStatements_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityResultsLastFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityResultsLastFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_2_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveContributionInKind" xlink:label="bw2-titel9_LegalReserveContributionInKind_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_94a_6_F_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_94a_6_F_ref">
      <ref:Article>94a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
      <ref:Subparagraph>f</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveContributionInKind_loc" xlink:to="bw2-titel9_BW2_2026-01-01_94a_6_F_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveContributionInKind_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveContributionInKind_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveCostsIncorporationShareIssue" xlink:label="bw2-titel9_LegalReserveCostsIncorporationShareIssue_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveCostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveCostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveCostsIncorporationShareIssue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveDeferredResultsFinancialInstruments" xlink:label="bw2-titel9_LegalReserveDeferredResultsFinancialInstruments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDeferredResultsFinancialInstruments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDeferredResultsFinancialInstruments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveDevelopment" xlink:label="bw2-titel9_LegalReserveDevelopment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDevelopment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDevelopment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDevelopment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveLoansProvidedObtainTreasuryShares" xlink:label="bw2-titel9_LegalReserveLoansProvidedObtainTreasuryShares_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_98c_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_98c_2_ref">
      <ref:Article>98c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveLoansProvidedObtainTreasuryShares_loc" xlink:to="bw2-titel9_BW2_2026-01-01_98c_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveLoansProvidedObtainTreasuryShares_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveLoansProvidedObtainTreasuryShares_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveNegativeTranslationShareCapitalIntoEuros" xlink:label="bw2-titel9_LegalReserveNegativeTranslationShareCapitalIntoEuros_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_67_A_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_67_A_2_ref">
      <ref:Article>67</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>a</ref:Paragraph>
      <ref:Subparagraph>2</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveNegativeTranslationShareCapitalIntoEuros_loc" xlink:to="bw2-titel9_BW2_2026-01-01_67_A_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveNegativeTranslationShareCapitalIntoEuros_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveNegativeTranslationShareCapitalIntoEuros_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveParticipatingInterests" xlink:label="bw2-titel9_LegalReserveParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_389_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_389_6_ref">
      <ref:Article>389</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveTranslationShareCapitalIntoEuros" xlink:label="bw2-titel9_LegalReserveTranslationShareCapitalIntoEuros_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_67_A_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_67_A_3_ref">
      <ref:Article>67</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>a</ref:Paragraph>
      <ref:Subparagraph>3</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveTranslationShareCapitalIntoEuros_loc" xlink:to="bw2-titel9_BW2_2026-01-01_67_A_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveTranslationShareCapitalIntoEuros_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveTranslationShareCapitalIntoEuros_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReservesDisclosure" xlink:label="bw2-titel9_LegalReservesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReservesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReservesPolicy" xlink:label="bw2-titel9_LegalReservesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReservesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserves" xlink:label="bw2-titel9_LegalReserves_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserves_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserves_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserves_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalStatutoryReservesDisclosure" xlink:label="bw2-titel9_LegalStatutoryReservesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReservesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalStatutoryReservesPolicy" xlink:label="bw2-titel9_LegalStatutoryReservesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReservesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalStatutoryReserves" xlink:label="bw2-titel9_LegalStatutoryReserves_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReserves_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesCommittedToOnBehalfOfGroupCompanies" xlink:label="bw2-titel9_LiabilitiesCommittedToOnBehalfOfGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCommittedToOnBehalfOfGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesCommittedTo" xlink:label="bw2-titel9_LiabilitiesCommittedTo_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCommittedTo_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesCurrentDisclosure" xlink:label="bw2-titel9_LiabilitiesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesCurrentPolicy" xlink:label="bw2-titel9_LiabilitiesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesCurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure" xlink:label="bw2-titel9_LiabilitiesCurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_3_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesCurrent" xlink:label="bw2-titel9_LiabilitiesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_5_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RTIV2015_2018-01-01_15_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RTIV2015_2018-01-01_15_1_ref">
      <ref:Article>15</ref:Article>
      <ref:IssueDate>2018-01-01</ref:IssueDate>
      <ref:Name>Regeling toegelaten instellingen volkshuisvesting 2015</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrent_loc" xlink:to="bw2-titel9_RTIV2015_2018-01-01_15_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesDisclosure" xlink:label="bw2-titel9_LiabilitiesDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_12_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_12_3_ref">
      <ref:Article>12</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_12_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesMaturityExceedingFiveYears" xlink:label="bw2-titel9_LiabilitiesMaturityExceedingFiveYears_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMaturityExceedingFiveYears_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMaturityExceedingFiveYears_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMaturityExceedingFiveYears_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesMaturityExceedingOneYear" xlink:label="bw2-titel9_LiabilitiesMaturityExceedingOneYear_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMaturityExceedingOneYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesMaturityInterestRateDescription" xlink:label="bw2-titel9_LiabilitiesMaturityInterestRateDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMaturityInterestRateDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMaturityInterestRateDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesMaturityLessThanOneYear" xlink:label="bw2-titel9_LiabilitiesMaturityLessThanOneYear_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMaturityLessThanOneYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesNoncurrentDisclosure" xlink:label="bw2-titel9_LiabilitiesNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesNoncurrentMaturityDisclosure" xlink:label="bw2-titel9_LiabilitiesNoncurrentMaturityDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentMaturityDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesNoncurrentPolicy" xlink:label="bw2-titel9_LiabilitiesNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesNoncurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure" xlink:label="bw2-titel9_LiabilitiesNoncurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesNoncurrent" xlink:label="bw2-titel9_LiabilitiesNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_5_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrent_loc" xlink:to="bw2-titel9_RTIV2015_2018-01-01_15_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesPolicy" xlink:label="bw2-titel9_LiabilitiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsCurrentDisclosure" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsCurrentPolicy" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsCurrent" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrentDisclosure" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrentPolicy" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrent" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsPolicy" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsCurrentDisclosure" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsCurrentPolicy" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsCurrent" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrentDisclosure" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrentPolicy" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrent" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsPolicy" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesCurrentDisclosure" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesCurrentPolicy" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesCurrent" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrentDisclosure" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrentPolicy" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrent" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesPolicy" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesSecuredStatement" xlink:label="bw2-titel9_LiabilitiesSecuredStatement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesSecuredStatement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesSecuredStatement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesSecuredStatement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure" xlink:label="bw2-titel9_LiabilitiesToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesToWhichTheLegalPersonHasCommittedItselfToEncumberAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Liabilities" xlink:label="bw2-titel9_Liabilities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_12_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_394_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_394_ref">
      <ref:Article>394</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_394_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Liabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_436_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LimitedDeductibleExpenses" xlink:label="bw2-titel9_LimitedDeductibleExpenses_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BFW_2_2_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BFW_2_2_A_ref">
      <ref:Article>2</ref:Article>
      <ref:Name>Besluit fiscale waarderingsgrondslagen</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LimitedDeductibleExpenses_loc" xlink:to="bw2-titel9_BFW_2_2_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LinkToCountryByCountryReportingInformationWhenNotIncludedInFinancialStatements" xlink:label="bw2-titel9_LinkToCountryByCountryReportingInformationWhenNotIncludedInFinancialStatements_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LinkToCountryByCountryReportingInformationWhenNotIncludedInFinancialStatements_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LinkToPubliclyAvailableStatementOnCorporateGovernance" xlink:label="bw2-titel9_LinkToPubliclyAvailableStatementOnCorporateGovernance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LinkToPubliclyAvailableStatementOnCorporateGovernance_loc" xlink:to="bw2-titel9_BIB_2018-01-01_2a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LinkToPubliclyAvailableStatementOnCorporateGovernance_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4033_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LinkToThePubliclyAvailableTextOfOtherCodesOfConduct" xlink:label="bw2-titel9_LinkToThePubliclyAvailableTextOfOtherCodesOfConduct_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LinkToThePubliclyAvailableTextOfOtherCodesOfConduct_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LinkToThePubliclyAvailableTextOfTheDutchCorporateGovernanceCode" xlink:label="bw2-titel9_LinkToThePubliclyAvailableTextOfTheDutchCorporateGovernanceCode_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LinkToThePubliclyAvailableTextOfTheDutchCorporateGovernanceCode_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsAmount" xlink:label="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsAmount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsAmount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383e_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383e_ref">
      <ref:Article>383e</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsAmount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsDisclosure" xlink:label="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsImpairedAndWaivedAmount" xlink:label="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsImpairedAndWaivedAmount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsImpairedAndWaivedAmount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsInterestRate" xlink:label="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsInterestRate_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsInterestRate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsInterestRate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsPolicy" xlink:label="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsRepayments" xlink:label="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsRepayments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsRepayments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsRepayments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsSignificantConditionsDescription" xlink:label="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsSignificantConditionsDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsSignificantConditionsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectorsSignificantConditionsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectors" xlink:label="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectors_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectors_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesOnBehalfOfManagingSupervisoryDirectors_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LongTermBenefitsDirector" xlink:label="bw2-titel9_LongTermBenefitsDirector_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_1_B_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LongTermBenefitsDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MachineryDisclosure" xlink:label="bw2-titel9_MachineryDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MachineryDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MachineryPolicy" xlink:label="bw2-titel9_MachineryPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MachineryPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Machinery" xlink:label="bw2-titel9_Machinery_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Machinery_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Machinery_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_366_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_366_1_B_ref">
      <ref:Article>366</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Machinery_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Machinery_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MagnitudeProvisionDamageBenefitFourPrecedingDescription" xlink:label="bw2-titel9_MagnitudeProvisionDamageBenefitFourPrecedingDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_439_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_439_6_ref">
      <ref:Article>439</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MagnitudeProvisionDamageBenefitFourPrecedingDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MagnitudeProvisionDamageBenefitThreePrecedingDescription" xlink:label="bw2-titel9_MagnitudeProvisionDamageBenefitThreePrecedingDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MagnitudeProvisionDamageBenefitThreePrecedingDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ManagementMaintenanceAndServicesThirdPartiesExplanation" xlink:label="bw2-titel9_ManagementMaintenanceAndServicesThirdPartiesExplanation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_11_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_11_1_ref">
      <ref:Article>11</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ManagementMaintenanceAndServicesThirdPartiesExplanation_loc" xlink:to="bw2-titel9_BJB_2012-01-01_11_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ManagementReportLocationReference" xlink:label="bw2-titel9_ManagementReportLocationReference_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ManagementReportLocationReference_loc" xlink:to="bw2-titel9_BW2_2026-01-01_394_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MarketableDebtSecuritiesExplanation" xlink:label="bw2-titel9_MarketableDebtSecuritiesExplanation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_6_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_6_4_ref">
      <ref:Article>6</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MarketableDebtSecuritiesExplanation_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MortgageBonds" xlink:label="bw2-titel9_MortgageBonds_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MortgageBonds_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NameOfSignatory" xlink:label="bw2-titel9_NameOfSignatory_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NameOfSignatory_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_15_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NameOfTheCreditInstitutionOrInvestmentFirm" xlink:label="bw2-titel9_NameOfTheCreditInstitutionOrInvestmentFirm_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NameOfTheCreditInstitutionOrInvestmentFirm_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NatureIndicationsUnderliesConvictionBookValueRealisedDescription" xlink:label="bw2-titel9_NatureIndicationsUnderliesConvictionBookValueRealisedDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NatureIndicationsUnderliesConvictionBookValueRealisedDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NatureOfActivities" xlink:label="bw2-titel9_NatureOfActivities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NatureOfActivities_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NatureOfProvisionDescription" xlink:label="bw2-titel9_NatureOfProvisionDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_374_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_374_2_ref">
      <ref:Article>374</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NatureOfProvisionDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJk_2026-01-01_B10_109a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJk_2026-01-01_B10_109a_ref">
      <ref:Chapter>B10</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving voor kleine rechtspersonen</ref:Name>
      <ref:Paragraph>109a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NatureOfProvisionDescription_loc" xlink:to="bw2-titel9_RJk_2026-01-01_B10_109a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NatureProvisionDamageBenefitFourPrecedingDescription" xlink:label="bw2-titel9_NatureProvisionDamageBenefitFourPrecedingDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NatureProvisionDamageBenefitFourPrecedingDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NatureProvisionDamageBenefitThreePrecedingDescription" xlink:label="bw2-titel9_NatureProvisionDamageBenefitThreePrecedingDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NatureProvisionDamageBenefitThreePrecedingDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NegativeEquityParticipatingInterestsConsolidated" xlink:label="bw2-titel9_NegativeEquityParticipatingInterestsConsolidated_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NegativeEquityParticipatingInterestsConsolidated_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetOperatingResultDisclosure" xlink:label="bw2-titel9_NetOperatingResultDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetOperatingResultDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetOperatingResult" xlink:label="bw2-titel9_NetOperatingResult_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetOperatingResult_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetOperatingResult_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_14_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_14_ref">
      <ref:Article>14</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetOperatingResult_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_14_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetOperatingResult_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetResultAfterTaxDisclosure" xlink:label="bw2-titel9_NetResultAfterTaxDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetResultAfterTaxDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetResultAfterTax" xlink:label="bw2-titel9_NetResultAfterTax_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetResultAfterTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_10_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueDisclosure" xlink:label="bw2-titel9_NetRevenueDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenuePolicy" xlink:label="bw2-titel9_NetRevenuePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenuePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueRatioMovementComparedToPriorPeriodDisclosure" xlink:label="bw2-titel9_NetRevenueRatioMovementComparedToPriorPeriodDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueRatioMovementComparedToPriorPeriodDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueRatioMovementComparedToPriorPeriodPolicy" xlink:label="bw2-titel9_NetRevenueRatioMovementComparedToPriorPeriodPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueRatioMovementComparedToPriorPeriodPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueRatioMovementComparedToPriorPeriod" xlink:label="bw2-titel9_NetRevenueRatioMovementComparedToPriorPeriod_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueRatioMovementComparedToPriorPeriod_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueSegmentDisclosure" xlink:label="bw2-titel9_NetRevenueSegmentDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_380_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_380_ref">
      <ref:Article>380</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueSegmentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueSegmentExemption" xlink:label="bw2-titel9_NetRevenueSegmentExemption_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_380_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_380_3_ref">
      <ref:Article>380</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueSegmentExemption_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueSegmentGeographyDisclosure" xlink:label="bw2-titel9_NetRevenueSegmentGeographyDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_380_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_380_2_ref">
      <ref:Article>380</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueSegmentGeographyDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueSegmentGeography" xlink:label="bw2-titel9_NetRevenueSegmentGeography_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueSegmentGeography_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueSegmentIndustryDisclosure" xlink:label="bw2-titel9_NetRevenueSegmentIndustryDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_380_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_380_1_ref">
      <ref:Article>380</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueSegmentIndustryDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueSegmentIndustry" xlink:label="bw2-titel9_NetRevenueSegmentIndustry_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueSegmentIndustry_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenue" xlink:label="bw2-titel9_NetRevenue_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenue_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_A_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_A_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_6_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_221_401_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_221_401_ref">
      <ref:Chapter>221</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>401</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenue_loc" xlink:to="bw2-titel9_RJ_2023-01-01_221_401_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJk_2023-01-01_B5_317_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJk_2023-01-01_B5_317_ref">
      <ref:Chapter>B5</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving voor kleine rechtspersonen</ref:Name>
      <ref:Paragraph>317</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenue_loc" xlink:to="bw2-titel9_RJk_2023-01-01_B5_317_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NettingAssetLiabilityPolicy" xlink:label="bw2-titel9_NettingAssetLiabilityPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NettingAssetLiabilityPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NoChangesInAccountingPoliciesDescription" xlink:label="bw2-titel9_NoChangesInAccountingPoliciesDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NoChangesInAccountingPoliciesDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_363_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NonAdjustingComparingFiguresExplanation" xlink:label="bw2-titel9_NonAdjustingComparingFiguresExplanation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NonAdjustingComparingFiguresExplanation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NonDeductibleExpenses" xlink:label="bw2-titel9_NonDeductibleExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NonDeductibleExpenses_loc" xlink:to="bw2-titel9_BFW_2_2_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NoncontrollingInterestDisclosure" xlink:label="bw2-titel9_NoncontrollingInterestDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NoncontrollingInterestDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NoncontrollingInterestPolicy" xlink:label="bw2-titel9_NoncontrollingInterestPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NoncontrollingInterestPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NoncontrollingInterest" xlink:label="bw2-titel9_NoncontrollingInterest_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NoncontrollingInterest_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_10_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_411_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_411_2_ref">
      <ref:Article>411</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NoncontrollingInterest_loc" xlink:to="bw2-titel9_BW2_2026-01-01_411_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NoncontrollingInterest_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_302a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NotRecordedLiabilitiesCommittedToOnBehalfOfGroupCompanies" xlink:label="bw2-titel9_NotRecordedLiabilitiesCommittedToOnBehalfOfGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NotRecordedLiabilitiesCommittedToOnBehalfOfGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NotRecordedLiabilitiesCommittedTo" xlink:label="bw2-titel9_NotRecordedLiabilitiesCommittedTo_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NotRecordedLiabilitiesCommittedTo_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NotificationApplicationArticle402Description" xlink:label="bw2-titel9_NotificationApplicationArticle402Description_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_402_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_402_1_ref">
      <ref:Article>402</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NotificationApplicationArticle402Description_loc" xlink:to="bw2-titel9_BW2_2026-01-01_402_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NotificationOfLiabilityClaimInAccordanceWithArticle403" xlink:label="bw2-titel9_NotificationOfLiabilityClaimInAccordanceWithArticle403_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_5_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NotificationOfLiabilityClaimInAccordanceWithArticle403_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NumberOfMenBoard" xlink:label="bw2-titel9_NumberOfMenBoard_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BIB_2023-01-01_3d_1a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BIB_2023-01-01_3d_1a_ref">
      <ref:Article>3d</ref:Article>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Besluit inhoud bestuursverslag</ref:Name>
      <ref:Subparagraph>1a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenBoard_loc" xlink:to="bw2-titel9_BIB_2023-01-01_3d_1a_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_NCGC_2022_PEBPB_2.1.6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_NCGC_2022_PEBPB_2.1.6_ref">
      <ref:Chapter>Principes en best practice bepalingen</ref:Chapter>
      <ref:IssueDate>2022</ref:IssueDate>
      <ref:Name>Nederlandse Corporate Governance Code</ref:Name>
      <ref:Paragraph>2.1.6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenBoard_loc" xlink:to="bw2-titel9_NCGC_2022_PEBPB_2.1.6_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_2023_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_2023_A_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>2023</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenBoard_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_2023_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_4046_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_4046_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>4046</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenBoard_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4046_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NumberOfMenManagerialPositions" xlink:label="bw2-titel9_NumberOfMenManagerialPositions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenManagerialPositions_loc" xlink:to="bw2-titel9_BIB_2023-01-01_3d_1a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenManagerialPositions_loc" xlink:to="bw2-titel9_NCGC_2022_PEBPB_2.1.6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenManagerialPositions_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_2023_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenManagerialPositions_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4046_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NumberOfMenSupervisoryBoard" xlink:label="bw2-titel9_NumberOfMenSupervisoryBoard_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenSupervisoryBoard_loc" xlink:to="bw2-titel9_BIB_2023-01-01_3d_1a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenSupervisoryBoard_loc" xlink:to="bw2-titel9_NCGC_2022_PEBPB_2.1.6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenSupervisoryBoard_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_2023_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfMenSupervisoryBoard_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4046_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NumberOfWomenBoard" xlink:label="bw2-titel9_NumberOfWomenBoard_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenBoard_loc" xlink:to="bw2-titel9_BIB_2023-01-01_3d_1a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenBoard_loc" xlink:to="bw2-titel9_NCGC_2022_PEBPB_2.1.6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenBoard_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_2023_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenBoard_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4046_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NumberOfWomenManagerialPositions" xlink:label="bw2-titel9_NumberOfWomenManagerialPositions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenManagerialPositions_loc" xlink:to="bw2-titel9_BIB_2023-01-01_3d_1a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenManagerialPositions_loc" xlink:to="bw2-titel9_NCGC_2022_PEBPB_2.1.6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenManagerialPositions_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_2023_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenManagerialPositions_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4046_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NumberOfWomenSupervisoryBoard" xlink:label="bw2-titel9_NumberOfWomenSupervisoryBoard_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenSupervisoryBoard_loc" xlink:to="bw2-titel9_BIB_2023-01-01_3d_1a_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenSupervisoryBoard_loc" xlink:to="bw2-titel9_NCGC_2022_PEBPB_2.1.6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenSupervisoryBoard_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_2023_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NumberOfWomenSupervisoryBoard_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_4046_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OffBalanceSheetArrangementsBusinessObjectiveDescription" xlink:label="bw2-titel9_OffBalanceSheetArrangementsBusinessObjectiveDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381_2_ref">
      <ref:Article>381</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetArrangementsBusinessObjectiveDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OffBalanceSheetArrangementsDisclosure" xlink:label="bw2-titel9_OffBalanceSheetArrangementsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetArrangementsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OffBalanceSheetArrangementsFinancialConsequencesDescription" xlink:label="bw2-titel9_OffBalanceSheetArrangementsFinancialConsequencesDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetArrangementsFinancialConsequencesDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OffBalanceSheetArrangementsNatureDescription" xlink:label="bw2-titel9_OffBalanceSheetArrangementsNatureDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetArrangementsNatureDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJk_2026-01-01_B10_302_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJk_2026-01-01_B10_302_ref">
      <ref:Chapter>B10</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving voor kleine rechtspersonen</ref:Name>
      <ref:Paragraph>302</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetArrangementsNatureDescription_loc" xlink:to="bw2-titel9_RJk_2026-01-01_B10_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OffBalanceSheetCommitmentsDisclosure" xlink:label="bw2-titel9_OffBalanceSheetCommitmentsDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_376_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_376_ref">
      <ref:Article>376</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_376_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_421_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_421_4_ref">
      <ref:Article>421</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_421_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_270_602_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_270_602_ref">
      <ref:Chapter>270</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>602</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_270_602_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OffBalanceSheetCommitmentsExchangesOrChequesOnBehalfOfGroupCompanies" xlink:label="bw2-titel9_OffBalanceSheetCommitmentsExchangesOrChequesOnBehalfOfGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsExchangesOrChequesOnBehalfOfGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_376_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OffBalanceSheetCommitmentsLiabilitiesOnBehalfOfGroupCompanies" xlink:label="bw2-titel9_OffBalanceSheetCommitmentsLiabilitiesOnBehalfOfGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsLiabilitiesOnBehalfOfGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_376_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OffBalanceSheetCommitmentsOnBehalfOfGroupCompaniesDisclosure" xlink:label="bw2-titel9_OffBalanceSheetCommitmentsOnBehalfOfGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsOnBehalfOfGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_376_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsOnBehalfOfGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsOnBehalfOfGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsOnBehalfOfGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OffBalanceSheetCommitmentsOnBehalfOfGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_421_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OldAgeObligationDisclosure" xlink:label="bw2-titel9_OldAgeObligationDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OldAgeObligationDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OldAgeObligationDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_300_106_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OldAgeObligationPolicy" xlink:label="bw2-titel9_OldAgeObligationPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OldAgeObligationPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OldAgeObligationPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_120_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OldAgeObligationPolicy_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_206_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OpenForwardTransactionsDisclosure" xlink:label="bw2-titel9_OpenForwardTransactionsDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_12_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_12_ref">
      <ref:Article>12</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OpenForwardTransactionsDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_12_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingCostsPolicy" xlink:label="bw2-titel9_OperatingCostsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingCostsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingCostsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_120_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingCostsPolicy_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_206_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingExpensesDisclosure" xlink:label="bw2-titel9_OperatingExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_605_619_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingExpensesOtherBreakdown" xlink:label="bw2-titel9_OperatingExpensesOtherBreakdown_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherBreakdown_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherBreakdown_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_J_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_J_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>j</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherBreakdown_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_J_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherBreakdown_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingExpensesOtherDisclosure" xlink:label="bw2-titel9_OperatingExpensesOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingExpensesOtherPolicy" xlink:label="bw2-titel9_OperatingExpensesOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingExpensesOther" xlink:label="bw2-titel9_OperatingExpensesOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_J_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingExpensesPolicy" xlink:label="bw2-titel9_OperatingExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesPolicy_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingExpenses" xlink:label="bw2-titel9_OperatingExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingIncomeDisclosure" xlink:label="bw2-titel9_OperatingIncomeDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingIncomeOtherDisclosure" xlink:label="bw2-titel9_OperatingIncomeOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingIncomeOtherPolicy" xlink:label="bw2-titel9_OperatingIncomeOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingIncomeOther" xlink:label="bw2-titel9_OperatingIncomeOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_D_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_D_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_F_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_F_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>f</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_F_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingIncomePolicy" xlink:label="bw2-titel9_OperatingIncomePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomePolicy_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingIncome" xlink:label="bw2-titel9_OperatingIncome_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncome_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncome_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingResultDisclosure" xlink:label="bw2-titel9_OperatingResultDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingResultDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingResult" xlink:label="bw2-titel9_OperatingResult_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingResult_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingResult_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingResult_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OrdinaryShares" xlink:label="bw2-titel9_OrdinaryShares_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_378_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_378_2_ref">
      <ref:Article>378</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OrdinaryShares_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherAdministrativeExpensesDisclosure" xlink:label="bw2-titel9_OtherAdministrativeExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAdministrativeExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherAdministrativeExpensesPolicy" xlink:label="bw2-titel9_OtherAdministrativeExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAdministrativeExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherAdministrativeExpenses" xlink:label="bw2-titel9_OtherAdministrativeExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAdministrativeExpenses_loc" xlink:to="bw2-titel9_BJB_2012-01-01_10_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAdministrativeExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAdministrativeExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherAssetsMagnitudeDescription" xlink:label="bw2-titel9_OtherAssetsMagnitudeDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_433_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_433_2_ref">
      <ref:Article>433</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAssetsMagnitudeDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_433_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherAssetsNatureDescription" xlink:label="bw2-titel9_OtherAssetsNatureDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAssetsNatureDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_433_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherAssetsOtherDisclosure" xlink:label="bw2-titel9_OtherAssetsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAssetsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherAssetsOtherPolicy" xlink:label="bw2-titel9_OtherAssetsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAssetsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherAssetsOther" xlink:label="bw2-titel9_OtherAssetsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAssetsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAssetsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherAssetsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_433_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherFinancialInvestmentsOtherCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_OtherFinancialInvestmentsOtherCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFinancialInvestmentsOtherCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherFinancialInvestmentsOtherCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_OtherFinancialInvestmentsOtherCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFinancialInvestmentsOtherCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherFinancialInvestmentsOtherDisclosure" xlink:label="bw2-titel9_OtherFinancialInvestmentsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFinancialInvestmentsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherFinancialInvestmentsOtherNonCurrentAssets" xlink:label="bw2-titel9_OtherFinancialInvestmentsOtherNonCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFinancialInvestmentsOtherNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherFinancialInvestmentsOtherPolicy" xlink:label="bw2-titel9_OtherFinancialInvestmentsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFinancialInvestmentsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherFinancialInvestmentsOther" xlink:label="bw2-titel9_OtherFinancialInvestmentsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFinancialInvestmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFinancialInvestmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFinancialInvestmentsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherFiscalReservesDisclosure" xlink:label="bw2-titel9_OtherFiscalReservesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFiscalReservesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherFiscalReservesPolicy" xlink:label="bw2-titel9_OtherFiscalReservesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherFiscalReservesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherReceivablesOtherCurrentDisclosure" xlink:label="bw2-titel9_OtherReceivablesOtherCurrentDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_1_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_1_1_ref">
      <ref:Article>1</ref:Article>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherReceivablesOtherCurrentDisclosure_loc" xlink:to="bw2-titel9_BMJ_1_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherReceivablesOtherCurrentMaturityExceedingOneYear" xlink:label="bw2-titel9_OtherReceivablesOtherCurrentMaturityExceedingOneYear_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_370_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_370_2_ref">
      <ref:Article>370</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherReceivablesOtherCurrentMaturityExceedingOneYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherReceivablesOtherCurrentMaturityWithinOneYear" xlink:label="bw2-titel9_OtherReceivablesOtherCurrentMaturityWithinOneYear_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherReceivablesOtherCurrentMaturityWithinOneYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherReceivablesOtherCurrentPolicy" xlink:label="bw2-titel9_OtherReceivablesOtherCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherReceivablesOtherCurrentPolicy_loc" xlink:to="bw2-titel9_BMJ_1_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherReceivablesOtherCurrent" xlink:label="bw2-titel9_OtherReceivablesOtherCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherReceivablesOtherCurrent_loc" xlink:to="bw2-titel9_BMJ_1_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherTechnicalExpensesForOwnAccountDisclosure" xlink:label="bw2-titel9_OtherTechnicalExpensesForOwnAccountDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTechnicalExpensesForOwnAccountDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherTechnicalExpensesForOwnAccountPolicy" xlink:label="bw2-titel9_OtherTechnicalExpensesForOwnAccountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTechnicalExpensesForOwnAccountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherTechnicalExpensesForOwnAccount" xlink:label="bw2-titel9_OtherTechnicalExpensesForOwnAccount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTechnicalExpensesForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTechnicalExpensesForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTechnicalExpensesForOwnAccount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherTechnicalIncomeForOwnAccountDisclosure" xlink:label="bw2-titel9_OtherTechnicalIncomeForOwnAccountDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTechnicalIncomeForOwnAccountDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherTechnicalIncomeForOwnAccountPolicy" xlink:label="bw2-titel9_OtherTechnicalIncomeForOwnAccountPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTechnicalIncomeForOwnAccountPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherTechnicalIncomeForOwnAccount" xlink:label="bw2-titel9_OtherTechnicalIncomeForOwnAccount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTechnicalIncomeForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTechnicalIncomeForOwnAccount_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrentDisclosure" xlink:label="bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrentPolicy" xlink:label="bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrent" xlink:label="bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeAssetsCurrentLessLiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OutcomeAssetsLessLiabilitiesCurrentDisclosure" xlink:label="bw2-titel9_OutcomeAssetsLessLiabilitiesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeAssetsLessLiabilitiesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OutcomeAssetsLessLiabilitiesCurrentPolicy" xlink:label="bw2-titel9_OutcomeAssetsLessLiabilitiesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeAssetsLessLiabilitiesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OutcomeAssetsLessLiabilitiesCurrent" xlink:label="bw2-titel9_OutcomeAssetsLessLiabilitiesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeAssetsLessLiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeAssetsLessLiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeAssetsLessLiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrentDisclosure" xlink:label="bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrentPolicy" xlink:label="bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrent" xlink:label="bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OutcomeReceivablesAndAssetsOtherLessLiabilitiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PatentsTrademarksOtherRightsDisclosure" xlink:label="bw2-titel9_PatentsTrademarksOtherRightsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRightsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PatentsTrademarksOtherRightsPolicy" xlink:label="bw2-titel9_PatentsTrademarksOtherRightsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRightsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRightsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRightsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PatentsTrademarksOtherRights" xlink:label="bw2-titel9_PatentsTrademarksOtherRights_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRights_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRights_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRights_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRights_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRights_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_365_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_365_1_C_ref">
      <ref:Article>365</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRights_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesBanksCurrentDisclosure" xlink:label="bw2-titel9_PayablesBanksCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesBanksCurrentPolicy" xlink:label="bw2-titel9_PayablesBanksCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesBanksCurrent" xlink:label="bw2-titel9_PayablesBanksCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_B_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesBanksDisclosure" xlink:label="bw2-titel9_PayablesBanksDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesBanksNoncurrentDisclosure" xlink:label="bw2-titel9_PayablesBanksNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesBanksNoncurrentPolicy" xlink:label="bw2-titel9_PayablesBanksNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesBanksNoncurrent" xlink:label="bw2-titel9_PayablesBanksNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesBanksPolicy" xlink:label="bw2-titel9_PayablesBanksPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanksPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesBanks" xlink:label="bw2-titel9_PayablesBanks_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanks_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanks_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanks_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesBanks_loc" xlink:to="bw2-titel9_BW2_2026-01-01_436_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCreditInstitutionsOtherDisclosure" xlink:label="bw2-titel9_PayablesCreditInstitutionsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCreditInstitutionsOtherPolicy" xlink:label="bw2-titel9_PayablesCreditInstitutionsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCreditInstitutionsOther" xlink:label="bw2-titel9_PayablesCreditInstitutionsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCreditInstitutionsPayableUponDemandDisclosure" xlink:label="bw2-titel9_PayablesCreditInstitutionsPayableUponDemandDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsPayableUponDemandDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCreditInstitutionsPayableUponDemandPolicy" xlink:label="bw2-titel9_PayablesCreditInstitutionsPayableUponDemandPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsPayableUponDemandPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCreditInstitutionsPayableUponDemand" xlink:label="bw2-titel9_PayablesCreditInstitutionsPayableUponDemand_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsPayableUponDemand_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsPayableUponDemand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsPayableUponDemand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDepositsDisclosure" xlink:label="bw2-titel9_PayablesCustomersDepositsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDepositsOtherDisclosure" xlink:label="bw2-titel9_PayablesCustomersDepositsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDepositsOtherPolicy" xlink:label="bw2-titel9_PayablesCustomersDepositsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDepositsOther" xlink:label="bw2-titel9_PayablesCustomersDepositsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDepositsPayableUponDemandDisclosure" xlink:label="bw2-titel9_PayablesCustomersDepositsPayableUponDemandDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsPayableUponDemandDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDepositsPayableUponDemandPolicy" xlink:label="bw2-titel9_PayablesCustomersDepositsPayableUponDemandPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsPayableUponDemandPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDepositsPayableUponDemand" xlink:label="bw2-titel9_PayablesCustomersDepositsPayableUponDemand_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsPayableUponDemand_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsPayableUponDemand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsPayableUponDemand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDepositsPolicy" xlink:label="bw2-titel9_PayablesCustomersDepositsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDepositsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDeposits" xlink:label="bw2-titel9_PayablesCustomersDeposits_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDeposits_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDeposits_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDeposits_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersDisclosure" xlink:label="bw2-titel9_PayablesCustomersDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersOtherLiabilitiesDisclosure" xlink:label="bw2-titel9_PayablesCustomersOtherLiabilitiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherLiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersOtherLiabilitiesPolicy" xlink:label="bw2-titel9_PayablesCustomersOtherLiabilitiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherLiabilitiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersOtherLiabilities" xlink:label="bw2-titel9_PayablesCustomersOtherLiabilities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherLiabilities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersOtherOtherDisclosure" xlink:label="bw2-titel9_PayablesCustomersOtherOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersOtherOtherPolicy" xlink:label="bw2-titel9_PayablesCustomersOtherOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersOtherOther" xlink:label="bw2-titel9_PayablesCustomersOtherOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersOtherPayableUponDemandDisclosure" xlink:label="bw2-titel9_PayablesCustomersOtherPayableUponDemandDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherPayableUponDemandDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersOtherPayableUponDemandPolicy" xlink:label="bw2-titel9_PayablesCustomersOtherPayableUponDemandPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherPayableUponDemandPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersOtherPayableUponDemand" xlink:label="bw2-titel9_PayablesCustomersOtherPayableUponDemand_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherPayableUponDemand_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherPayableUponDemand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersOtherPayableUponDemand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomersPolicy" xlink:label="bw2-titel9_PayablesCustomersPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomersPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCustomers" xlink:label="bw2-titel9_PayablesCustomers_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomers_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCustomers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesDirectInsuranceDisclosure" xlink:label="bw2-titel9_PayablesDirectInsuranceDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesDirectInsuranceDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesDirectInsurancePolicy" xlink:label="bw2-titel9_PayablesDirectInsurancePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesDirectInsurancePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesDirectInsurance" xlink:label="bw2-titel9_PayablesDirectInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesDirectInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesDirectInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_436_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesCurrentDisclosure" xlink:label="bw2-titel9_PayablesGroupCompaniesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesCurrentPolicy" xlink:label="bw2-titel9_PayablesGroupCompaniesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesCurrent" xlink:label="bw2-titel9_PayablesGroupCompaniesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_F_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_F_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>f</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_F_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2026-01-01_660_302_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2026-01-01_660_302_ref">
      <ref:Chapter>660</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>302</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesDisclosure" xlink:label="bw2-titel9_PayablesGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesNoncurrentDisclosure" xlink:label="bw2-titel9_PayablesGroupCompaniesNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesNoncurrentPolicy" xlink:label="bw2-titel9_PayablesGroupCompaniesNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesNoncurrent" xlink:label="bw2-titel9_PayablesGroupCompaniesNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_F_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesPolicy" xlink:label="bw2-titel9_PayablesGroupCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompanies" xlink:label="bw2-titel9_PayablesGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_F_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesIncomeTaxCurrentPolicy" xlink:label="bw2-titel9_PayablesIncomeTaxCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesIncomeTaxCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesIncomeTaxCurrentPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_120_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesIncomeTaxCurrentPolicy_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_206_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherAffiliatedCompaniesCurrentDisclosure" xlink:label="bw2-titel9_PayablesOtherAffiliatedCompaniesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherAffiliatedCompaniesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherAffiliatedCompaniesCurrentPolicy" xlink:label="bw2-titel9_PayablesOtherAffiliatedCompaniesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherAffiliatedCompaniesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherAffiliatedCompaniesCurrent" xlink:label="bw2-titel9_PayablesOtherAffiliatedCompaniesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherAffiliatedCompaniesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrentDisclosure" xlink:label="bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrentPolicy" xlink:label="bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrent" xlink:label="bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherAffiliatedCompaniesPolicy" xlink:label="bw2-titel9_PayablesOtherAffiliatedCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherAffiliatedCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherCurrentDisclosure" xlink:label="bw2-titel9_PayablesOtherCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherCurrentPolicy" xlink:label="bw2-titel9_PayablesOtherCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherCurrent" xlink:label="bw2-titel9_PayablesOtherCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_J_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_J_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>j</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_J_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherDisclosure" xlink:label="bw2-titel9_PayablesOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherNoncurrentDisclosure" xlink:label="bw2-titel9_PayablesOtherNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherNoncurrentPolicy" xlink:label="bw2-titel9_PayablesOtherNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherNoncurrent" xlink:label="bw2-titel9_PayablesOtherNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_J_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherPolicy" xlink:label="bw2-titel9_PayablesOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOther" xlink:label="bw2-titel9_PayablesOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOther_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_J_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_436_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesReinsuranceDisclosure" xlink:label="bw2-titel9_PayablesReinsuranceDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesReinsuranceDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesReinsurancePolicy" xlink:label="bw2-titel9_PayablesReinsurancePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesReinsurancePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesReinsurance" xlink:label="bw2-titel9_PayablesReinsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesReinsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesReinsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_436_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsCurrentDisclosure" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsCurrentPolicy" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsCurrent" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_G_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_G_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>g</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_G_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsDisclosure" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentDisclosure" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentPolicy" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrent" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_G_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsPolicy" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterests" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_G_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionCostsDisclosure" xlink:label="bw2-titel9_PensionCostsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionCostsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_F_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_F_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>f</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionCostsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionCostsPolicy" xlink:label="bw2-titel9_PensionCostsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionCostsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionCosts" xlink:label="bw2-titel9_PensionCosts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionCosts_loc" xlink:to="bw2-titel9_BJB_2012-01-01_10_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionCosts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesCurrentDisclosure" xlink:label="bw2-titel9_PensionPayablesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesCurrentPolicy" xlink:label="bw2-titel9_PensionPayablesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesCurrent" xlink:label="bw2-titel9_PensionPayablesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_i_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_i_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>i</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_i_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesDisclosure" xlink:label="bw2-titel9_PensionPayablesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesNoncurrentDisclosure" xlink:label="bw2-titel9_PensionPayablesNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesNoncurrentPolicy" xlink:label="bw2-titel9_PensionPayablesNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesNoncurrent" xlink:label="bw2-titel9_PensionPayablesNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_i_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesPolicy" xlink:label="bw2-titel9_PensionPayablesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayables" xlink:label="bw2-titel9_PensionPayables_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_i_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PersonnelAspectsDescription" xlink:label="bw2-titel9_PersonnelAspectsDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PersonnelAspectsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PlanGoalsMenAndWomenBoardAndSupervisoryBoardDescription" xlink:label="bw2-titel9_PlanGoalsMenAndWomenBoardAndSupervisoryBoardDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BIB_2023-01-01_3d_1c_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BIB_2023-01-01_3d_1c_ref">
      <ref:Article>3d</ref:Article>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Besluit inhoud bestuursverslag</ref:Name>
      <ref:Subparagraph>1c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PlanGoalsMenAndWomenBoardAndSupervisoryBoardDescription_loc" xlink:to="bw2-titel9_BIB_2023-01-01_3d_1c_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_2023_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_2023_C_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>2023</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PlanGoalsMenAndWomenBoardAndSupervisoryBoardDescription_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_2023_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PowersProfitCertificatesSimilarRightsDescription" xlink:label="bw2-titel9_PowersProfitCertificatesSimilarRightsDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_380d_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_380d_ref">
      <ref:Article>380d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PowersProfitCertificatesSimilarRightsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380d_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsEarned" xlink:label="bw2-titel9_PremiumsEarned_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsEarned_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsFromAgreementsWhereInvestmentRiskLiesWithThePartyEntitledToPayment" xlink:label="bw2-titel9_PremiumsFromAgreementsWhereInvestmentRiskLiesWithThePartyEntitledToPayment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsFromAgreementsWhereInvestmentRiskLiesWithThePartyEntitledToPayment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsFromGroupInsurancePolicies" xlink:label="bw2-titel9_PremiumsFromGroupInsurancePolicies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsFromGroupInsurancePolicies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsFromIndividualInsurancePolicies" xlink:label="bw2-titel9_PremiumsFromIndividualInsurancePolicies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsFromIndividualInsurancePolicies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsGrossDamageInsurance" xlink:label="bw2-titel9_PremiumsGrossDamageInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsGrossDamageInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsGrossDisclosure" xlink:label="bw2-titel9_PremiumsGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsGrossLifeInsurance" xlink:label="bw2-titel9_PremiumsGrossLifeInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsGrossLifeInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsGrossPolicy" xlink:label="bw2-titel9_PremiumsGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsGross" xlink:label="bw2-titel9_PremiumsGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsGross_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsGross_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsNetDisclosure" xlink:label="bw2-titel9_PremiumsNetDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsNetDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsNetPolicy" xlink:label="bw2-titel9_PremiumsNetPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsNetPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsNet" xlink:label="bw2-titel9_PremiumsNet_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsNet_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsNet_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PremiumsWritten" xlink:label="bw2-titel9_PremiumsWritten_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PremiumsWritten_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PrepaymentsIntangibleAssetsDisclosure" xlink:label="bw2-titel9_PrepaymentsIntangibleAssetsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssetsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PrepaymentsIntangibleAssetsPolicy" xlink:label="bw2-titel9_PrepaymentsIntangibleAssetsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssetsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_210_501_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PrepaymentsIntangibleAssets" xlink:label="bw2-titel9_PrepaymentsIntangibleAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssets_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_365_1_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_365_1_E_ref">
      <ref:Article>365</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PrepaymentsInventoriesDisclosure" xlink:label="bw2-titel9_PrepaymentsInventoriesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsInventoriesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PrepaymentsInventoriesPolicy" xlink:label="bw2-titel9_PrepaymentsInventoriesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsInventoriesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PrepaymentsInventories" xlink:label="bw2-titel9_PrepaymentsInventories_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsInventories_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsInventories_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_369_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_369_D_ref">
      <ref:Article>369</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>d</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsInventories_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PriceListOfStockExchangeSecuritiesExplanation" xlink:label="bw2-titel9_PriceListOfStockExchangeSecuritiesExplanation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_4_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_4_2_ref">
      <ref:Article>4</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PriceListOfStockExchangeSecuritiesExplanation_loc" xlink:to="bw2-titel9_BJB_2012-01-01_4_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProfitCertificatesSimilarRightsAmount" xlink:label="bw2-titel9_ProfitCertificatesSimilarRightsAmount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitCertificatesSimilarRightsAmount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380d_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProfitCertificatesSimilarRightsDisclosure" xlink:label="bw2-titel9_ProfitCertificatesSimilarRightsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitCertificatesSimilarRightsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380d_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProfitSharingAndBonusPaymentsManagingSupervisoryDirector" xlink:label="bw2-titel9_ProfitSharingAndBonusPaymentsManagingSupervisoryDirector_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_1_D_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitSharingAndBonusPaymentsManagingSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProfitSharingAndDiscountsDisclosure" xlink:label="bw2-titel9_ProfitSharingAndDiscountsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitSharingAndDiscountsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProfitSharingAndDiscountsPolicy" xlink:label="bw2-titel9_ProfitSharingAndDiscountsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitSharingAndDiscountsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProfitSharingAndDiscounts" xlink:label="bw2-titel9_ProfitSharingAndDiscounts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitSharingAndDiscounts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitSharingAndDiscounts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitSharingAndDiscounts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProfitSharing" xlink:label="bw2-titel9_ProfitSharing_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitSharing_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProjectIncomePolicy" xlink:label="bw2-titel9_ProjectIncomePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProjectIncomePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProjectIncomePolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_120_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProjectIncomePolicy_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_206_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentAccumulatedDepreciationImpairments" xlink:label="bw2-titel9_PropertyPlantEquipmentAccumulatedDepreciationImpairments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentAccumulatedDepreciationImpairments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_2_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentAccumulatedRevaluations" xlink:label="bw2-titel9_PropertyPlantEquipmentAccumulatedRevaluations_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentAccumulatedRevaluations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_2_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentAccumulatedRevaluations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentAdditions" xlink:label="bw2-titel9_PropertyPlantEquipmentAdditions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentAdditions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentAndInventoriesDisclosure" xlink:label="bw2-titel9_PropertyPlantEquipmentAndInventoriesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentAndInventoriesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentAndInventoriesPolicy" xlink:label="bw2-titel9_PropertyPlantEquipmentAndInventoriesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentAndInventoriesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentAndInventories" xlink:label="bw2-titel9_PropertyPlantEquipmentAndInventories_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentAndInventories_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentAndInventories_loc" xlink:to="bw2-titel9_BW2_2026-01-01_433_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentCurrentValueDisclosure" xlink:label="bw2-titel9_PropertyPlantEquipmentCurrentValueDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentCurrentValueDisclosure_loc" xlink:to="bw2-titel9_BAW_2015-01-01_9_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_212_403_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_212_403_ref">
      <ref:Chapter>212</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>403</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentCurrentValueDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_212_403_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentDeductionOfTheReinvestmentReserveFromTheAcquisitionOrProductionCostsOfAnAssetDisclosure" xlink:label="bw2-titel9_PropertyPlantEquipmentDeductionOfTheReinvestmentReserveFromTheAcquisitionOrProductionCostsOfAnAssetDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentDeductionOfTheReinvestmentReserveFromTheAcquisitionOrProductionCostsOfAnAssetDisclosure_loc" xlink:to="bw2-titel9_BFW_2015-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentDepreciation" xlink:label="bw2-titel9_PropertyPlantEquipmentDepreciation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentDepreciation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentDisclosure" xlink:label="bw2-titel9_PropertyPlantEquipmentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentDisposalsDepreciation" xlink:label="bw2-titel9_PropertyPlantEquipmentDisposalsDepreciation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentDisposalsDepreciation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentDisposals" xlink:label="bw2-titel9_PropertyPlantEquipmentDisposals_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentDisposals_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentImpairmentReversal" xlink:label="bw2-titel9_PropertyPlantEquipmentImpairmentReversal_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentImpairmentReversal_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentImpairment" xlink:label="bw2-titel9_PropertyPlantEquipmentImpairment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentImpairment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentInterestCapitalisedDuringPeriodDescription" xlink:label="bw2-titel9_PropertyPlantEquipmentInterestCapitalisedDuringPeriodDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentInterestCapitalisedDuringPeriodDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_388_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentLimitedBusinessOrPersonalRightOfUseDescription" xlink:label="bw2-titel9_PropertyPlantEquipmentLimitedBusinessOrPersonalRightOfUseDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_366_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_366_2_ref">
      <ref:Article>366</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentLimitedBusinessOrPersonalRightOfUseDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentLimitedBusinessOrPersonalRightOfUseDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentMovement" xlink:label="bw2-titel9_PropertyPlantEquipmentMovement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentMovement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentMovementsOther" xlink:label="bw2-titel9_PropertyPlantEquipmentMovementsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentMovementsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsDisclosure" xlink:label="bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsPolicy" xlink:label="bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentNotUsedInOperations" xlink:label="bw2-titel9_PropertyPlantEquipmentNotUsedInOperations_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentNotUsedInOperations_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentNotUsedInOperations_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_366_1_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_366_1_E_ref">
      <ref:Article>366</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentNotUsedInOperations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentNotUsedInOperations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentOtherDisclosure" xlink:label="bw2-titel9_PropertyPlantEquipmentOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentOtherPolicy" xlink:label="bw2-titel9_PropertyPlantEquipmentOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentOther" xlink:label="bw2-titel9_PropertyPlantEquipmentOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentPolicy" xlink:label="bw2-titel9_PropertyPlantEquipmentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentRevaluations" xlink:label="bw2-titel9_PropertyPlantEquipmentRevaluations_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentRevaluations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentTransfers" xlink:label="bw2-titel9_PropertyPlantEquipmentTransfers_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentTransfers_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipment" xlink:label="bw2-titel9_PropertyPlantEquipment_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BJB_2012-01-01_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_366_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_366_1_ref">
      <ref:Article>366</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionDeferredProfitSharingObligationsDisclosure" xlink:label="bw2-titel9_ProvisionDeferredProfitSharingObligationsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionDeferredProfitSharingObligationsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionDeferredProfitSharingObligationsPolicy" xlink:label="bw2-titel9_ProvisionDeferredProfitSharingObligationsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionDeferredProfitSharingObligationsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionDeferredProfitSharingObligations" xlink:label="bw2-titel9_ProvisionDeferredProfitSharingObligations_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionDeferredProfitSharingObligations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionEmployeeBenefitsPolicy" xlink:label="bw2-titel9_ProvisionEmployeeBenefitsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionEmployeeBenefitsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionEmployeeBenefitsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_120_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionEmployeeBenefitsPolicy_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_206_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionPensionObligationsDisclosure" xlink:label="bw2-titel9_ProvisionPensionObligationsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligationsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionPensionObligationsPolicy" xlink:label="bw2-titel9_ProvisionPensionObligationsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligationsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionPensionObligations" xlink:label="bw2-titel9_ProvisionPensionObligations_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligations_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligations_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligations_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligations_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligations_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_374_4_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_374_4_B_ref">
      <ref:Article>374</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_4_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligations_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2026-01-01_271_311_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2026-01-01_271_311_ref">
      <ref:Chapter>271</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>311</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligations_loc" xlink:to="bw2-titel9_RJ_2026-01-01_271_311_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2026-01-01_271_314_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2026-01-01_271_314_ref">
      <ref:Chapter>271</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>314</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligations_loc" xlink:to="bw2-titel9_RJ_2026-01-01_271_314_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionTaxLiabilitiesDisclosure" xlink:label="bw2-titel9_ProvisionTaxLiabilitiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionTaxLiabilitiesPolicy" xlink:label="bw2-titel9_ProvisionTaxLiabilitiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilitiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionTaxLiabilities" xlink:label="bw2-titel9_ProvisionTaxLiabilities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_374_4_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_374_4_A_ref">
      <ref:Article>374</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_4_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsArticlesAssociationContributionShortageCooperative" xlink:label="bw2-titel9_ProvisionsArticlesAssociationContributionShortageCooperative_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_392_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_392_1_C_ref">
      <ref:Article>392</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsArticlesAssociationContributionShortageCooperative_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsArticlesAssociationContributionShortageMutualGuaranteeCompany" xlink:label="bw2-titel9_ProvisionsArticlesAssociationContributionShortageMutualGuaranteeCompany_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsArticlesAssociationContributionShortageMutualGuaranteeCompany_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsArticlesAssociationProfitAppropriation" xlink:label="bw2-titel9_ProvisionsArticlesAssociationProfitAppropriation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_392_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_392_1_B_ref">
      <ref:Article>392</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsArticlesAssociationProfitAppropriation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsArticlesAssociationSpecialGoverningControlStructureDisclosure" xlink:label="bw2-titel9_ProvisionsArticlesAssociationSpecialGoverningControlStructureDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsArticlesAssociationSpecialGoverningControlStructureDisclosure_loc" xlink:to="bw2-titel9_BIB_2018-01-01_3b_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_392_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_392_1_D_ref">
      <ref:Article>392</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsArticlesAssociationSpecialGoverningControlStructureDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsArticlesAssociationSpecialGoverningControlStructureNatureDescription" xlink:label="bw2-titel9_ProvisionsArticlesAssociationSpecialGoverningControlStructureNatureDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsArticlesAssociationSpecialGoverningControlStructureNatureDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsDisclosure" xlink:label="bw2-titel9_ProvisionsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsLongTermPart" xlink:label="bw2-titel9_ProvisionsLongTermPart_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_374_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_374_3_ref">
      <ref:Article>374</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsLongTermPart_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2026-01-01_212_708_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2026-01-01_212_708_D_ref">
      <ref:Chapter>212</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>708</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsLongTermPart_loc" xlink:to="bw2-titel9_RJ_2026-01-01_212_708_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsOtherDisclosure" xlink:label="bw2-titel9_ProvisionsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsOtherPolicy" xlink:label="bw2-titel9_ProvisionsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsOther" xlink:label="bw2-titel9_ProvisionsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_374_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_374_1_ref">
      <ref:Article>374</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsPolicy" xlink:label="bw2-titel9_ProvisionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Provisions" xlink:label="bw2-titel9_Provisions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_5_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Provisions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PublicPrivateConcessionAgreementsPolicy" xlink:label="bw2-titel9_PublicPrivateConcessionAgreementsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PublicPrivateConcessionAgreementsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsDisclosure" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInGroupCompaniesDisclosure" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInGroupCompaniesPolicy" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInGroupCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInGroupCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInGroupCompanies" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInInvestmentsOtherDisclosure" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInInvestmentsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInInvestmentsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInInvestmentsOtherPolicy" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInInvestmentsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInInvestmentsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInInvestmentsOther" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInInvestmentsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInInvestmentsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInLandAndBuildingsDisclosure" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInLandAndBuildingsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInLandAndBuildingsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInLandAndBuildingsPolicy" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInLandAndBuildingsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInLandAndBuildingsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInLandAndBuildings" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInLandAndBuildings_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherDisclosure" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherPolicy" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsInParticipatingInterestsOther" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsInParticipatingInterestsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestmentsPolicy" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedChangesInValueOfInvestments" xlink:label="bw2-titel9_RealisedChangesInValueOfInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedChangesInValueOfInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedLossOnInvestmentsDisclosure" xlink:label="bw2-titel9_RealisedLossOnInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedLossOnInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedLossOnInvestmentsPolicy" xlink:label="bw2-titel9_RealisedLossOnInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedLossOnInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedLossOnInvestments" xlink:label="bw2-titel9_RealisedLossOnInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedLossOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedLossOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedLossOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedLossOnInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedProfitOnInvestmentsDisclosure" xlink:label="bw2-titel9_RealisedProfitOnInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedProfitOnInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedProfitOnInvestmentsPolicy" xlink:label="bw2-titel9_RealisedProfitOnInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedProfitOnInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RealisedProfitOnInvestments" xlink:label="bw2-titel9_RealisedProfitOnInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_440_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReasonBookValueNotDeductedFinancialAssetsHigherThanCurrentValueDescription" xlink:label="bw2-titel9_ReasonBookValueNotDeductedFinancialAssetsHigherThanCurrentValueDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReasonBookValueNotDeductedFinancialAssetsHigherThanCurrentValueDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReasonForNonApplicationBW2Article389Description" xlink:label="bw2-titel9_ReasonForNonApplicationBW2Article389Description_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_389_9_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_389_9_ref">
      <ref:Article>389</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>9</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReasonForNonApplicationBW2Article389Description_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_9_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReasonForNotConsolidatingCertainLegalEntitiesDescription" xlink:label="bw2-titel9_ReasonForNotConsolidatingCertainLegalEntitiesDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_414_2_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_414_2_C_ref">
      <ref:Article>414</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReasonForNotConsolidatingCertainLegalEntitiesDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_414_2_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReasonsGoalsNotMetMenAndWomenBoardAndSupervisoryBoardDescription" xlink:label="bw2-titel9_ReasonsGoalsNotMetMenAndWomenBoardAndSupervisoryBoardDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BIB_2023-01-01_3d_1d_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BIB_2023-01-01_3d_1d_ref">
      <ref:Article>3d</ref:Article>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Besluit inhoud bestuursverslag</ref:Name>
      <ref:Subparagraph>1d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReasonsGoalsNotMetMenAndWomenBoardAndSupervisoryBoardDescription_loc" xlink:to="bw2-titel9_BIB_2023-01-01_3d_1d_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_2023_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_2023_D_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>2023</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReasonsGoalsNotMetMenAndWomenBoardAndSupervisoryBoardDescription_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_2023_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesAmountIndefinateMaturity" xlink:label="bw2-titel9_ReceivablesAmountIndefinateMaturity_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesAmountIndefinateMaturity_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesDisclosure" xlink:label="bw2-titel9_ReceivablesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanksDisclosure" xlink:label="bw2-titel9_ReceivablesFromBanksDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanksExplanation" xlink:label="bw2-titel9_ReceivablesFromBanksExplanation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksExplanation_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanksOtherDisclosure" xlink:label="bw2-titel9_ReceivablesFromBanksOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanksOtherPolicy" xlink:label="bw2-titel9_ReceivablesFromBanksOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanksOther" xlink:label="bw2-titel9_ReceivablesFromBanksOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanksPayableUponDemandDisclosure" xlink:label="bw2-titel9_ReceivablesFromBanksPayableUponDemandDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksPayableUponDemandDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanksPayableUponDemandPolicy" xlink:label="bw2-titel9_ReceivablesFromBanksPayableUponDemandPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksPayableUponDemandPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanksPayableUponDemand" xlink:label="bw2-titel9_ReceivablesFromBanksPayableUponDemand_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksPayableUponDemand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksPayableUponDemand_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanksPolicy" xlink:label="bw2-titel9_ReceivablesFromBanksPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanksPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromBanks" xlink:label="bw2-titel9_ReceivablesFromBanks_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanks_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromBanks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromCustomersArisingFromMortgageLoans" xlink:label="bw2-titel9_ReceivablesFromCustomersArisingFromMortgageLoans_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomersArisingFromMortgageLoans_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomersArisingFromMortgageLoans_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromCustomersDisclosure" xlink:label="bw2-titel9_ReceivablesFromCustomersDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomersDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomersDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromCustomersOther" xlink:label="bw2-titel9_ReceivablesFromCustomersOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomersOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomersOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromCustomersPolicy" xlink:label="bw2-titel9_ReceivablesFromCustomersPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomersPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromCustomers" xlink:label="bw2-titel9_ReceivablesFromCustomers_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomers_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromCustomers_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrentDisclosure" xlink:label="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrentPolicy" xlink:label="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrent" xlink:label="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrent_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_370_1_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_370_1_E_ref">
      <ref:Article>370</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentDisclosure" xlink:label="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentPolicy" xlink:label="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrent" xlink:label="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrent_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_367_F_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_367_F_ref">
      <ref:Article>367</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>f</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersPolicy" xlink:label="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromMortgageLoansCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_ReceivablesFromMortgageLoansCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromMortgageLoansCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromMortgageLoansCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_ReceivablesFromMortgageLoansCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromMortgageLoansCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromMortgageLoansDisclosure" xlink:label="bw2-titel9_ReceivablesFromMortgageLoansDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromMortgageLoansDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromMortgageLoansNonCurrentAssets" xlink:label="bw2-titel9_ReceivablesFromMortgageLoansNonCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromMortgageLoansNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromMortgageLoansPolicy" xlink:label="bw2-titel9_ReceivablesFromMortgageLoansPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromMortgageLoansPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromMortgageLoans" xlink:label="bw2-titel9_ReceivablesFromMortgageLoans_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromMortgageLoans_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromMortgageLoans_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromMortgageLoans_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromOtherLoansCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_ReceivablesFromOtherLoansCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromOtherLoansCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromOtherLoansCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_ReceivablesFromOtherLoansCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromOtherLoansCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromOtherLoansDisclosure" xlink:label="bw2-titel9_ReceivablesFromOtherLoansDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromOtherLoansDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromOtherLoansNonCurrentAssets" xlink:label="bw2-titel9_ReceivablesFromOtherLoansNonCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromOtherLoansNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromOtherLoansPolicy" xlink:label="bw2-titel9_ReceivablesFromOtherLoansPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromOtherLoansPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromOtherLoans" xlink:label="bw2-titel9_ReceivablesFromOtherLoans_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromOtherLoans_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromOtherLoans_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromOtherLoans_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromReinsuranceDisclosure" xlink:label="bw2-titel9_ReceivablesFromReinsuranceDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromReinsuranceDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromReinsurancePolicy" xlink:label="bw2-titel9_ReceivablesFromReinsurancePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromReinsurancePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromReinsurance" xlink:label="bw2-titel9_ReceivablesFromReinsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromReinsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_432_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_432_ref">
      <ref:Article>432</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromReinsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_432_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesGroupCompaniesCurrentDisclosure" xlink:label="bw2-titel9_ReceivablesGroupCompaniesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesGroupCompaniesCurrentPolicy" xlink:label="bw2-titel9_ReceivablesGroupCompaniesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesGroupCompaniesCurrent" xlink:label="bw2-titel9_ReceivablesGroupCompaniesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_370_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_370_1_B_ref">
      <ref:Article>370</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesCurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesGroupCompaniesNoncurrentDisclosure" xlink:label="bw2-titel9_ReceivablesGroupCompaniesNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesGroupCompaniesNoncurrent" xlink:label="bw2-titel9_ReceivablesGroupCompaniesNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_24b_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_24b_ref">
      <ref:Article>24b</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_24b_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_367_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_367_C_ref">
      <ref:Article>367</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>c</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesGroupCompaniesPolicy" xlink:label="bw2-titel9_ReceivablesGroupCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesMaturityExceedingOneYear" xlink:label="bw2-titel9_ReceivablesMaturityExceedingOneYear_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesMaturityExceedingOneYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesMaturityExceedingOneYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOfDirectInsuranceDisclosure" xlink:label="bw2-titel9_ReceivablesOfDirectInsuranceDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsuranceDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediariesDisclosure" xlink:label="bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediariesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediariesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediariesPolicy" xlink:label="bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediariesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediariesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediaries" xlink:label="bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediaries_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediaries_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsuranceFromIntermediaries_loc" xlink:to="bw2-titel9_BW2_2026-01-01_432_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHoldersDisclosure" xlink:label="bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHoldersDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHoldersDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHoldersPolicy" xlink:label="bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHoldersPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHoldersPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHolders" xlink:label="bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHolders_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHolders_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsuranceFromPolicyHolders_loc" xlink:to="bw2-titel9_BW2_2026-01-01_432_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOfDirectInsurancePolicy" xlink:label="bw2-titel9_ReceivablesOfDirectInsurancePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsurancePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOfDirectInsurance" xlink:label="bw2-titel9_ReceivablesOfDirectInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOfDirectInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_432_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentDisclosure" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentPolicy" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrent" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentDisclosure" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_RJ_2023-01-01_300_106_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentPolicy" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrent" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesPolicy" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherCurrentDisclosure" xlink:label="bw2-titel9_ReceivablesOtherCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherCurrentPolicy" xlink:label="bw2-titel9_ReceivablesOtherCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherCurrent" xlink:label="bw2-titel9_ReceivablesOtherCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherDisclosure" xlink:label="bw2-titel9_ReceivablesOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherNoncurrentDisclosure" xlink:label="bw2-titel9_ReceivablesOtherNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherNoncurrentPolicy" xlink:label="bw2-titel9_ReceivablesOtherNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherNoncurrent" xlink:label="bw2-titel9_ReceivablesOtherNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherPolicy" xlink:label="bw2-titel9_ReceivablesOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOther" xlink:label="bw2-titel9_ReceivablesOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_432_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesPolicy" xlink:label="bw2-titel9_ReceivablesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsDisclosure" xlink:label="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromCommissionAgentsDisclosure" xlink:label="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromCommissionAgentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromCommissionAgentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromCommissionAgentsPolicy" xlink:label="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromCommissionAgentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromCommissionAgentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromCommissionAgents" xlink:label="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromCommissionAgents_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromCommissionAgents_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromOtherPartiesDisclosure" xlink:label="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromOtherPartiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromOtherPartiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromOtherPartiesPolicy" xlink:label="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromOtherPartiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromOtherPartiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromOtherParties" xlink:label="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromOtherParties_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsFromOtherParties_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsPolicy" xlink:label="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesRelatingToSecuritiesTransactionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesRelatingToSecuritiesTransactions" xlink:label="bw2-titel9_ReceivablesRelatingToSecuritiesTransactions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesRelatingToSecuritiesTransactions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrentDisclosure" xlink:label="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrentPolicy" xlink:label="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrent" xlink:label="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_370_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_370_1_C_ref">
      <ref:Article>370</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentDisclosure" xlink:label="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentPolicy" xlink:label="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrent" xlink:label="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_367_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_367_D_ref">
      <ref:Article>367</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>d</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrent_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesShareholdersParticipatingInterestsPolicy" xlink:label="bw2-titel9_ReceivablesShareholdersParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Receivables" xlink:label="bw2-titel9_Receivables_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_370_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_370_1_ref">
      <ref:Article>370</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Receivables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_432_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReferencesToAndAdditionalInformationAboutFinancialStatementsLineitems" xlink:label="bw2-titel9_ReferencesToAndAdditionalInformationAboutFinancialStatementsLineitems_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_391_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_391_4_ref">
      <ref:Article>391</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReferencesToAndAdditionalInformationAboutFinancialStatementsLineitems_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReferencesToAndAdditionalInformationAboutFinancialStatementsLineitems_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1041_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RegularRemunerationManagingSupervisoryDirector" xlink:label="bw2-titel9_RegularRemunerationManagingSupervisoryDirector_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_1_A_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RegularRemunerationManagingSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_1_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_3_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RegularRemunerationManagingSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_3_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_4_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RegularRemunerationManagingSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReinsuranceIncomeExpenses" xlink:label="bw2-titel9_ReinsuranceIncomeExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinsuranceIncomeExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReinsurancePremiumsCededDisclosure" xlink:label="bw2-titel9_ReinsurancePremiumsCededDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinsurancePremiumsCededDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReinsurancePremiumsCededPolicy" xlink:label="bw2-titel9_ReinsurancePremiumsCededPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinsurancePremiumsCededPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReinsurancePremiumsCeded" xlink:label="bw2-titel9_ReinsurancePremiumsCeded_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinsurancePremiumsCeded_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinsurancePremiumsCeded_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinsurancePremiumsCeded_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReinvestmentReserveDisclosure" xlink:label="bw2-titel9_ReinvestmentReserveDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BFW_2015-01-01_2_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BFW_2015-01-01_2_1_ref">
      <ref:Article>2</ref:Article>
      <ref:IssueDate>2015-01-01</ref:IssueDate>
      <ref:Name>Besluit fiscale waarderingsgrondslagen</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinvestmentReserveDisclosure_loc" xlink:to="bw2-titel9_BFW_2015-01-01_2_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinvestmentReserveDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReinvestmentReservePolicy" xlink:label="bw2-titel9_ReinvestmentReservePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinvestmentReservePolicy_loc" xlink:to="bw2-titel9_BFW_2015-01-01_2_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinvestmentReservePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReinvestmentReserve" xlink:label="bw2-titel9_ReinvestmentReserve_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinvestmentReserve_loc" xlink:to="bw2-titel9_BFW_2015-01-01_2_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RelatedPartyTransactionsExtentOfTransactions" xlink:label="bw2-titel9_RelatedPartyTransactionsExtentOfTransactions_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_381_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_381_3_ref">
      <ref:Article>381</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RelatedPartyTransactionsExtentOfTransactions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RelatedPartyTransactionsNatureRelationshipWithRelatedParty" xlink:label="bw2-titel9_RelatedPartyTransactionsNatureRelationshipWithRelatedParty_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RelatedPartyTransactionsNatureRelationshipWithRelatedParty_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RelatedPartyTransactionsOtherInformationAboutTransactions" xlink:label="bw2-titel9_RelatedPartyTransactionsOtherInformationAboutTransactions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RelatedPartyTransactionsOtherInformationAboutTransactions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RelatedPartyTransactionsPolicy" xlink:label="bw2-titel9_RelatedPartyTransactionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RelatedPartyTransactionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RelatedPartyTransactionsStatement" xlink:label="bw2-titel9_RelatedPartyTransactionsStatement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RelatedPartyTransactionsStatement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationFormerManagingDirector" xlink:label="bw2-titel9_RemunerationFormerManagingDirector_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_2_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationFormerManagingDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationFormerSupervisoryDirector" xlink:label="bw2-titel9_RemunerationFormerSupervisoryDirector_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationFormerSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationManagingDirector" xlink:label="bw2-titel9_RemunerationManagingDirector_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_1_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationManagingDirectorsAdjustment" xlink:label="bw2-titel9_RemunerationManagingDirectorsAdjustment_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_6_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingDirectorsAdjustment_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationManagingDirectorsFormerManagingDirectors" xlink:label="bw2-titel9_RemunerationManagingDirectorsFormerManagingDirectors_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383_1_ref">
      <ref:Article>383</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingDirectorsFormerManagingDirectors_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationManagingDirectorsReclaim" xlink:label="bw2-titel9_RemunerationManagingDirectorsReclaim_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingDirectorsReclaim_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationManagingSupervisoryDirectorBonusDescription" xlink:label="bw2-titel9_RemunerationManagingSupervisoryDirectorBonusDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingSupervisoryDirectorBonusDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationManagingSupervisoryDirector" xlink:label="bw2-titel9_RemunerationManagingSupervisoryDirector_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383c_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383c_ref">
      <ref:Article>383c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationManagingSupervisoryDirectorsDisclosure" xlink:label="bw2-titel9_RemunerationManagingSupervisoryDirectorsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingSupervisoryDirectorsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationManagingSupervisoryDirectorsExemptionDescription" xlink:label="bw2-titel9_RemunerationManagingSupervisoryDirectorsExemptionDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingSupervisoryDirectorsExemptionDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationManagingSupervisoryDirectorsPolicy" xlink:label="bw2-titel9_RemunerationManagingSupervisoryDirectorsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationManagingSupervisoryDirectorsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationSupervisoryDirector" xlink:label="bw2-titel9_RemunerationSupervisoryDirector_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationSupervisoryDirector_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationSupervisoryDirectorsFormerSupervisoryDirectors" xlink:label="bw2-titel9_RemunerationSupervisoryDirectorsFormerSupervisoryDirectors_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationSupervisoryDirectorsFormerSupervisoryDirectors_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RepaymentObligationsOfNoncurrentBorrowingsDisclosure" xlink:label="bw2-titel9_RepaymentObligationsOfNoncurrentBorrowingsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RepaymentObligationsOfNoncurrentBorrowingsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RepaymentObligationsOfNoncurrentBorrowingsPolicy" xlink:label="bw2-titel9_RepaymentObligationsOfNoncurrentBorrowingsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RepaymentObligationsOfNoncurrentBorrowingsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RepaymentObligationsOfNoncurrentBorrowings" xlink:label="bw2-titel9_RepaymentObligationsOfNoncurrentBorrowings_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_6_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RepaymentObligationsOfNoncurrentBorrowings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterests" xlink:label="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_389_8_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_389_8_ref">
      <ref:Article>389</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>8</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_8_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReservesOtherDisclosure" xlink:label="bw2-titel9_ReservesOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReservesOtherPolicy" xlink:label="bw2-titel9_ReservesOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReservesOther" xlink:label="bw2-titel9_ReservesOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_1_F_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_1_F_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>f</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_F_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxCreditDisclosure" xlink:label="bw2-titel9_ResultAfterTaxCreditDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxCreditDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxCreditPolicy" xlink:label="bw2-titel9_ResultAfterTaxCreditPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxCreditPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxCredit" xlink:label="bw2-titel9_ResultAfterTaxCredit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxDebitDisclosure" xlink:label="bw2-titel9_ResultAfterTaxDebitDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxDebitDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxDebitPolicy" xlink:label="bw2-titel9_ResultAfterTaxDebitPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxDebitPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxDebit" xlink:label="bw2-titel9_ResultAfterTaxDebit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxDisclosure" xlink:label="bw2-titel9_ResultAfterTaxDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItemsCreditDisclosure" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItemsCreditDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsCreditDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItemsCreditPolicy" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItemsCreditPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsCreditPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItemsCredit" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItemsCredit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsCredit_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItemsDebitDisclosure" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItemsDebitDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsDebitDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItemsDebitPolicy" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItemsDebitPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsDebitPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItemsDebit" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItemsDebit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsDebit_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItemsDisclosure" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItemsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItemsPolicy" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItemsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItems" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItems_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItems_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItems_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItems_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItems_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItems_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxOrdinaryActivitiesDisclosure" xlink:label="bw2-titel9_ResultAfterTaxOrdinaryActivitiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxOrdinaryActivitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxOrdinaryActivitiesPolicy" xlink:label="bw2-titel9_ResultAfterTaxOrdinaryActivitiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxOrdinaryActivitiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxOrdinaryActivities" xlink:label="bw2-titel9_ResultAfterTaxOrdinaryActivities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTax" xlink:label="bw2-titel9_ResultAfterTax_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTax_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_1_C_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTax_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTax_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAttributableNoncontrollingInterestDisclosure" xlink:label="bw2-titel9_ResultAttributableNoncontrollingInterestDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAttributableNoncontrollingInterestDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAttributableNoncontrollingInterestPolicy" xlink:label="bw2-titel9_ResultAttributableNoncontrollingInterestPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAttributableNoncontrollingInterestPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAttributableNoncontrollingInterest" xlink:label="bw2-titel9_ResultAttributableNoncontrollingInterest_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_10_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_10_3_ref">
      <ref:Article>10</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAttributableNoncontrollingInterest_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_10_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAttributableNoncontrollingInterest_loc" xlink:to="bw2-titel9_BW2_2026-01-01_411_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultBeforeTaxDisclosure" xlink:label="bw2-titel9_ResultBeforeTaxDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultBeforeTaxOrdinaryActivitiesDisclosure" xlink:label="bw2-titel9_ResultBeforeTaxOrdinaryActivitiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultBeforeTaxOrdinaryActivitiesPolicy" xlink:label="bw2-titel9_ResultBeforeTaxOrdinaryActivitiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivitiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultBeforeTaxOrdinaryActivities" xlink:label="bw2-titel9_ResultBeforeTaxOrdinaryActivities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultBeforeTax" xlink:label="bw2-titel9_ResultBeforeTax_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTax_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTax_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultConsolidatedFinancialStatements" xlink:label="bw2-titel9_ResultConsolidatedFinancialStatements_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultConsolidatedFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultDifferenceSeparateConsolidatedFinancialStatementsOther" xlink:label="bw2-titel9_ResultDifferenceSeparateConsolidatedFinancialStatementsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultDifferenceSeparateConsolidatedFinancialStatementsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultDifferenceSeparateConsolidatedFinancialStatements" xlink:label="bw2-titel9_ResultDifferenceSeparateConsolidatedFinancialStatements_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultDifferenceSeparateConsolidatedFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultEntityPolicy" xlink:label="bw2-titel9_ResultEntityPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultEntityPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultEntityPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_120_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultEntityPolicy_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_206_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultForTheYearDisclosure" xlink:label="bw2-titel9_ResultForTheYearDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultForTheYearDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultForTheYearPolicy" xlink:label="bw2-titel9_ResultForTheYearPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultForTheYearPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultForTheYear" xlink:label="bw2-titel9_ResultForTheYear_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultForTheYear_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_11_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_1_G_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_1_G_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>g</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultForTheYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_G_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultFromFinancialTransactionsCreditDisclosure" xlink:label="bw2-titel9_ResultFromFinancialTransactionsCreditDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsCreditDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultFromFinancialTransactionsCreditPolicy" xlink:label="bw2-titel9_ResultFromFinancialTransactionsCreditPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsCreditPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultFromFinancialTransactionsCredit" xlink:label="bw2-titel9_ResultFromFinancialTransactionsCredit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsCredit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultFromFinancialTransactionsDebitDisclosure" xlink:label="bw2-titel9_ResultFromFinancialTransactionsDebitDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsDebitDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultFromFinancialTransactionsDebitPolicy" xlink:label="bw2-titel9_ResultFromFinancialTransactionsDebitPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsDebitPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultFromFinancialTransactionsDebit" xlink:label="bw2-titel9_ResultFromFinancialTransactionsDebit_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsDebit_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultFromFinancialTransactionsDisclosure" xlink:label="bw2-titel9_ResultFromFinancialTransactionsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultFromFinancialTransactionsPolicy" xlink:label="bw2-titel9_ResultFromFinancialTransactionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultFromFinancialTransactions" xlink:label="bw2-titel9_ResultFromFinancialTransactions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactions_loc" xlink:to="bw2-titel9_BJB_2012-01-01_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultFromFinancialTransactions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultSeparateFinancialStatements" xlink:label="bw2-titel9_ResultSeparateFinancialStatements_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultSeparateFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultTechnicalAccountDamageInsuranceDisclosure" xlink:label="bw2-titel9_ResultTechnicalAccountDamageInsuranceDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountDamageInsuranceDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultTechnicalAccountDamageInsurancePolicy" xlink:label="bw2-titel9_ResultTechnicalAccountDamageInsurancePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountDamageInsurancePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultTechnicalAccountDamageInsurance" xlink:label="bw2-titel9_ResultTechnicalAccountDamageInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountDamageInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountDamageInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountDamageInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultTechnicalAccountLifeInsuranceDisclosure" xlink:label="bw2-titel9_ResultTechnicalAccountLifeInsuranceDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountLifeInsuranceDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultTechnicalAccountLifeInsurancePolicy" xlink:label="bw2-titel9_ResultTechnicalAccountLifeInsurancePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountLifeInsurancePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultTechnicalAccountLifeInsurance" xlink:label="bw2-titel9_ResultTechnicalAccountLifeInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountLifeInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountLifeInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultTechnicalAccountLifeInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultsAppropriationProposalStatement" xlink:label="bw2-titel9_ResultsAppropriationProposalStatement_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_380c_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_380c_ref">
      <ref:Article>380c</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultsAppropriationProposalStatement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultsAppropriationStatement" xlink:label="bw2-titel9_ResultsAppropriationStatement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultsAppropriationStatement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_380c_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383a_ref">
      <ref:Article>383a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultsAppropriationStatement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RetainedEarningsDisclosure" xlink:label="bw2-titel9_RetainedEarningsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarningsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RetainedEarningsPolicy" xlink:label="bw2-titel9_RetainedEarningsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarningsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RetainedEarnings" xlink:label="bw2-titel9_RetainedEarnings_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_G_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_160_210_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_160_210_ref">
      <ref:Chapter>160</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>210</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarnings_loc" xlink:to="bw2-titel9_RJ_2023-01-01_160_210_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReturnOnAssets" xlink:label="bw2-titel9_ReturnOnAssets_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BUPRK_2015-11-01_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BUPRK_2015-11-01_5_ref">
      <ref:Article>5</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit uitvoering publicatieverplichtingen richtlijn kapitaalvereisten</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReturnOnAssets_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserveDisclosure" xlink:label="bw2-titel9_RevaluationReserveDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_390_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserveMovement" xlink:label="bw2-titel9_RevaluationReserveMovement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveMovement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReservePolicy" xlink:label="bw2-titel9_RevaluationReservePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReservePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserveReleaseDisclosure" xlink:label="bw2-titel9_RevaluationReserveReleaseDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveReleaseDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserveReleasePolicy" xlink:label="bw2-titel9_RevaluationReserveReleasePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveReleasePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserveRelease" xlink:label="bw2-titel9_RevaluationReserveRelease_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_390_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_390_4_ref">
      <ref:Article>390</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveRelease_loc" xlink:to="bw2-titel9_BW2_2026-01-01_390_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserveRevaluationsTaxImpact" xlink:label="bw2-titel9_RevaluationReserveRevaluationsTaxImpact_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveRevaluationsTaxImpact_loc" xlink:to="bw2-titel9_BW2_2026-01-01_390_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserve" xlink:label="bw2-titel9_RevaluationReserve_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_1_C_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_C_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_390_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_390_ref">
      <ref:Article>390</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_390_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserve_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationSharesAndOtherNonFixedIncomeSecuritiesExplanation" xlink:label="bw2-titel9_RevaluationSharesAndOtherNonFixedIncomeSecuritiesExplanation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationSharesAndOtherNonFixedIncomeSecuritiesExplanation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_390_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_Revenue" xlink:label="bw2-titel9_Revenue_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_Revenue_loc" xlink:to="bw2-titel9_BUPRK_2015-11-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevenuesFromProvidingServicesDisclosure" xlink:label="bw2-titel9_RevenuesFromProvidingServicesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevenuesFromProvidingServicesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevenuesFromProvidingServicesPolicy" xlink:label="bw2-titel9_RevenuesFromProvidingServicesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevenuesFromProvidingServicesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevenuesFromSaleOfGoodsDisclosure" xlink:label="bw2-titel9_RevenuesFromSaleOfGoodsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevenuesFromSaleOfGoodsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevenuesFromSaleOfGoodsPolicy" xlink:label="bw2-titel9_RevenuesFromSaleOfGoodsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevenuesFromSaleOfGoodsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedConditionsForExercisingRightsDescription" xlink:label="bw2-titel9_RightsGrantedConditionsForExercisingRightsDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383d_1_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383d_1_E_ref">
      <ref:Article>383d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedConditionsForExercisingRightsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_E_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383d_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383d_1_ref">
      <ref:Article>383d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedConditionsForExercisingRightsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedConditionsRightsGrantedDuringFinancialYear" xlink:label="bw2-titel9_RightsGrantedConditionsRightsGrantedDuringFinancialYear_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383d_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383d_1_C_ref">
      <ref:Article>383d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedConditionsRightsGrantedDuringFinancialYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedConditionsRightsGrantedDuringFinancialYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383d_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383d_4_ref">
      <ref:Article>383d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedConditionsRightsGrantedDuringFinancialYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedCriteriaForGrantingOrExercisingRightsDescription" xlink:label="bw2-titel9_RightsGrantedCriteriaForGrantingOrExercisingRightsDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383_1_F_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383_1_F_ref">
      <ref:Article>383</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>f</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedCriteriaForGrantingOrExercisingRightsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_1_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedDuringFinancialYear" xlink:label="bw2-titel9_RightsGrantedDuringFinancialYear_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedDuringFinancialYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedExercisePrice" xlink:label="bw2-titel9_RightsGrantedExercisePrice_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383_4_ref">
      <ref:Article>383</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedExercisePrice_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383d_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383d_1_A_ref">
      <ref:Article>383d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedExercisePrice_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedExercisePrice_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedExercisedDuringFinancialYear" xlink:label="bw2-titel9_RightsGrantedExercisedDuringFinancialYear_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383d_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383d_1_D_ref">
      <ref:Article>383d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedExercisedDuringFinancialYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedExercisedDuringFinancialYear_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedFinancingArrangementDescription" xlink:label="bw2-titel9_RightsGrantedFinancingArrangementDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedFinancingArrangementDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedMaturityOfNotYetExercisedRights" xlink:label="bw2-titel9_RightsGrantedMaturityOfNotYetExercisedRights_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedMaturityOfNotYetExercisedRights_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedNotYetExercisedDisclosure" xlink:label="bw2-titel9_RightsGrantedNotYetExercisedDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNotYetExercisedDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNotYetExercisedDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedNotYetExercisedMovement" xlink:label="bw2-titel9_RightsGrantedNotYetExercisedMovement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNotYetExercisedMovement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedNotYetExercisedPolicy" xlink:label="bw2-titel9_RightsGrantedNotYetExercisedPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNotYetExercisedPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedNotYetExercised" xlink:label="bw2-titel9_RightsGrantedNotYetExercised_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383d_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383d_1_B_ref">
      <ref:Article>383d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNotYetExercised_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNotYetExercised_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedNumberOfUnderlyingSharesOfExercisedRights" xlink:label="bw2-titel9_RightsGrantedNumberOfUnderlyingSharesOfExercisedRights_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNumberOfUnderlyingSharesOfExercisedRights_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNumberOfUnderlyingSharesOfExercisedRights_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNumberOfUnderlyingSharesOfExercisedRights_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedOtherRelevantInformationDescription" xlink:label="bw2-titel9_RightsGrantedOtherRelevantInformationDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedOtherRelevantInformationDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedOtherRelevantInformationDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedPriceOfExercisedRights" xlink:label="bw2-titel9_RightsGrantedPriceOfExercisedRights_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedPriceOfExercisedRights_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedPriceOfExercisedRights_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedPriceUnderlyingShares" xlink:label="bw2-titel9_RightsGrantedPriceUnderlyingShares_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedPriceUnderlyingShares_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedPurchaseOfTreasurySharesOrIssuanceOfNewSharesOnBehalfOfRightsGrantedDisclosure" xlink:label="bw2-titel9_RightsGrantedPurchaseOfTreasurySharesOrIssuanceOfNewSharesOnBehalfOfRightsGrantedDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedPurchaseOfTreasurySharesOrIssuanceOfNewSharesOnBehalfOfRightsGrantedDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedPurchaseOfTreasurySharesOrIssuanceOfNewSharesOnBehalfOfRightsGrantedDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedReasonsForGrantingRightsToSupervisoryDirectorsDescription" xlink:label="bw2-titel9_RightsGrantedReasonsForGrantingRightsToSupervisoryDirectorsDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedReasonsForGrantingRightsToSupervisoryDirectorsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_383d_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_383d_ref">
      <ref:Article>383d</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedReasonsForGrantingRightsToSupervisoryDirectorsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RisksAndUncertaintiesInformation" xlink:label="bw2-titel9_RisksAndUncertaintiesInformation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RisksAndUncertaintiesInformation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_391_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_1052_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_1052_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>1052</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RisksAndUncertaintiesInformation_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_1052_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesCurrentDisclosure" xlink:label="bw2-titel9_SecuritiesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesCurrentOtherAdmittedToTradingOnRegulatedMarket" xlink:label="bw2-titel9_SecuritiesCurrentOtherAdmittedToTradingOnRegulatedMarket_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_371_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_371_1_ref">
      <ref:Article>371</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrentOtherAdmittedToTradingOnRegulatedMarket_loc" xlink:to="bw2-titel9_BW2_2026-01-01_371_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_371_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_371_2_ref">
      <ref:Article>371</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrentOtherAdmittedToTradingOnRegulatedMarket_loc" xlink:to="bw2-titel9_BW2_2026-01-01_371_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesCurrentPolicy" xlink:label="bw2-titel9_SecuritiesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesCurrent" xlink:label="bw2-titel9_SecuritiesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_371_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesOtherNoncurrentDisclosure" xlink:label="bw2-titel9_SecuritiesOtherNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesOtherNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesOtherNoncurrentPolicy" xlink:label="bw2-titel9_SecuritiesOtherNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesOtherNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesOtherNoncurrent" xlink:label="bw2-titel9_SecuritiesOtherNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesOtherNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesOtherNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_367_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_367_E_ref">
      <ref:Article>367</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>e</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesOtherNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesProvidedInLoanOrLending" xlink:label="bw2-titel9_SecuritiesProvidedInLoanOrLending_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesProvidedInLoanOrLending_loc" xlink:to="bw2-titel9_BJB_2012-01-01_11_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesReceivedInLoanOrLending" xlink:label="bw2-titel9_SecuritiesReceivedInLoanOrLending_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesReceivedInLoanOrLending_loc" xlink:to="bw2-titel9_BJB_2012-01-01_11_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesUnavailableCurrentDescription" xlink:label="bw2-titel9_SecuritiesUnavailableCurrentDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesUnavailableCurrentDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_371_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SellingExpensesDisclosure" xlink:label="bw2-titel9_SellingExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SellingExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SellingExpensesPolicy" xlink:label="bw2-titel9_SellingExpensesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SellingExpensesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SellingExpenses" xlink:label="bw2-titel9_SellingExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SellingExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SellingExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SellingExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_D_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SellingExpenses_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalContributionInKindDescription" xlink:label="bw2-titel9_ShareCapitalContributionInKindDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_378_3_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_378_3_ref">
      <ref:Article>378</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalContributionInKindDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalDisclosure" xlink:label="bw2-titel9_ShareCapitalDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrencyDisclosure" xlink:label="bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrencyDisclosure_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_5_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrencyDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrencyExchangeRateUsed" xlink:label="bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrencyExchangeRateUsed_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrencyExchangeRateUsed_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrencyPolicy" xlink:label="bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrencyPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrencyPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrency" xlink:label="bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrency_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalInTheCurrencyOfDenominationWhenDifferentPresentationCurrency_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalIssued" xlink:label="bw2-titel9_ShareCapitalIssued_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_2_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_2_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>2</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalIssued_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalNumberSharesDistributionAsDividend" xlink:label="bw2-titel9_ShareCapitalNumberSharesDistributionAsDividend_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesDistributionAsDividend_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_240_237_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_240_237_ref">
      <ref:Chapter>240</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>237</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesDistributionAsDividend_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_237_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalNumberSharesGranting" xlink:label="bw2-titel9_ShareCapitalNumberSharesGranting_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesGranting_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesGranting_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_237_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalNumberSharesIssue" xlink:label="bw2-titel9_ShareCapitalNumberSharesIssue_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesIssue_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesIssue_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_237_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalNumberSharesMovement" xlink:label="bw2-titel9_ShareCapitalNumberSharesMovement_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesMovement_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalNumberSharesOtherMovements" xlink:label="bw2-titel9_ShareCapitalNumberSharesOtherMovements_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesOtherMovements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesOtherMovements_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_237_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalNumberSharesPurchase" xlink:label="bw2-titel9_ShareCapitalNumberSharesPurchase_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesPurchase_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesPurchase_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_237_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalNumberSharesSale" xlink:label="bw2-titel9_ShareCapitalNumberSharesSale_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesSale_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesSale_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_237_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalNumberSharesWithdrawal" xlink:label="bw2-titel9_ShareCapitalNumberSharesWithdrawal_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesWithdrawal_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberSharesWithdrawal_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_237_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalNumberShares" xlink:label="bw2-titel9_ShareCapitalNumberShares_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberShares_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalNumberShares_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_237_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalPaidCalledUpDisclosure" xlink:label="bw2-titel9_ShareCapitalPaidCalledUpDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalPaidCalledUpDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalPaidCalledUpPolicy" xlink:label="bw2-titel9_ShareCapitalPaidCalledUpPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalPaidCalledUpPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalPaidCalledUp" xlink:label="bw2-titel9_ShareCapitalPaidCalledUp_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalPaidCalledUp_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalPaid" xlink:label="bw2-titel9_ShareCapitalPaid_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalPaid_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalPolicy" xlink:label="bw2-titel9_ShareCapitalPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalRegistered" xlink:label="bw2-titel9_ShareCapitalRegistered_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_178_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_178_ref">
      <ref:Article>178</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalRegistered_loc" xlink:to="bw2-titel9_BW2_2026-01-01_178_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalTreasurySharesHeldByCompanyOrSubsiduryDescription" xlink:label="bw2-titel9_ShareCapitalTreasurySharesHeldByCompanyOrSubsiduryDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_378_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_378_4_ref">
      <ref:Article>378</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalTreasurySharesHeldByCompanyOrSubsiduryDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalTreasurySharesHeldDescription" xlink:label="bw2-titel9_ShareCapitalTreasurySharesHeldDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalTreasurySharesHeldDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalTreasurySharesHeldInHouseDescription" xlink:label="bw2-titel9_ShareCapitalTreasurySharesHeldInHouseDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalTreasurySharesHeldInHouseDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalTreasurySharesPledgedDescription" xlink:label="bw2-titel9_ShareCapitalTreasurySharesPledgedDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_378_4_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_378_4_A_ref">
      <ref:Article>378</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalTreasurySharesPledgedDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_4_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalTreasurySharesPurchaseSaleDescription" xlink:label="bw2-titel9_ShareCapitalTreasurySharesPurchaseSaleDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalTreasurySharesPurchaseSaleDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalTreasurySharesPurchaseSaleDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapital" xlink:label="bw2-titel9_ShareCapital_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_1_A_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapital_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareInResultsParticipatingInterestsDisclosure" xlink:label="bw2-titel9_ShareInResultsParticipatingInterestsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterestsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareInResultsParticipatingInterestsInGroupCompanies" xlink:label="bw2-titel9_ShareInResultsParticipatingInterestsInGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterestsInGroupCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareInResultsParticipatingInterestsInOtherAffiliatedCompanies" xlink:label="bw2-titel9_ShareInResultsParticipatingInterestsInOtherAffiliatedCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterestsInOtherAffiliatedCompanies_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareInResultsParticipatingInterestsPolicy" xlink:label="bw2-titel9_ShareInResultsParticipatingInterestsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterestsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareInResultsParticipatingInterests" xlink:label="bw2-titel9_ShareInResultsParticipatingInterests_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_6_ref">
      <ref:Article>6</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterests_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_K_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_K_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>k</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_K_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_4_G_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_4_G_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
      <ref:Subparagraph>g</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_G_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterests_loc" xlink:to="bw2-titel9_BW2_2026-01-01_402_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharePremiumDisclosure" xlink:label="bw2-titel9_SharePremiumDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremiumDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharePremiumPolicy" xlink:label="bw2-titel9_SharePremiumPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremiumPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharePremium" xlink:label="bw2-titel9_SharePremium_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremium_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremium_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremium_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremium_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremium_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremium_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_1_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_1_B_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremium_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremium_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremium_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharesOtherVariableYieldSecuritiesDisclosure" xlink:label="bw2-titel9_SharesOtherVariableYieldSecuritiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesOtherVariableYieldSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_4_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesOtherVariableYieldSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharesOtherVariableYieldSecuritiesPolicy" xlink:label="bw2-titel9_SharesOtherVariableYieldSecuritiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesOtherVariableYieldSecuritiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharesOtherVariableYieldSecurities" xlink:label="bw2-titel9_SharesOtherVariableYieldSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesCurrentAssetsNoTradePortfolio" xlink:label="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesCurrentAssetsNoTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesCurrentAssetsNoTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesCurrentAssetsTradePortfolio" xlink:label="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesCurrentAssetsTradePortfolio_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesCurrentAssetsTradePortfolio_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesDisclosure" xlink:label="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesNonCurrentAssets" xlink:label="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesNonCurrentAssets_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesNonCurrentAssets_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesPolicy" xlink:label="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecuritiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecurities" xlink:label="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharesSecuritiesWithParticipatingRightsAndOtherVariableYieldSecurities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SignatureManagingSupervisoryDirectorsDate" xlink:label="bw2-titel9_SignatureManagingSupervisoryDirectorsDate_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SignatureManagingSupervisoryDirectorsDate_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_15_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SignatureManagingSupervisoryDirectorsDate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_101_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SignatureManagingSupervisoryDirectorsDate_loc" xlink:to="bw2-titel9_BW2_2026-01-01_210_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SignatureManagingSupervisoryDirectorsLocation" xlink:label="bw2-titel9_SignatureManagingSupervisoryDirectorsLocation_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SignatureManagingSupervisoryDirectorsLocation_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_15_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SignatureManagingSupervisoryDirectorsLocation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_101_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SignatureManagingSupervisoryDirectorsLocation_loc" xlink:to="bw2-titel9_BW2_2026-01-01_210_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SingleLifePremiumsAndRecurringPayments" xlink:label="bw2-titel9_SingleLifePremiumsAndRecurringPayments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SingleLifePremiumsAndRecurringPayments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SinglePremiumsFromProfitSharingIncludedInPremiumsGross" xlink:label="bw2-titel9_SinglePremiumsFromProfitSharingIncludedInPremiumsGross_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BMJ_2015-11-01_16a_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BMJ_2015-11-01_16a_5_ref">
      <ref:Article>16a</ref:Article>
      <ref:IssueDate>2015-11-01</ref:IssueDate>
      <ref:Name>Besluit modellen jaarrekening</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SinglePremiumsFromProfitSharingIncludedInPremiumsGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SinglePremiumsFromProfitSharingIncludedInPremiumsGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SocialSecurityContributionsDisclosure" xlink:label="bw2-titel9_SocialSecurityContributionsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributionsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SocialSecurityContributionsPolicy" xlink:label="bw2-titel9_SocialSecurityContributionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SocialSecurityContributions" xlink:label="bw2-titel9_SocialSecurityContributions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributions_loc" xlink:to="bw2-titel9_BJB_2012-01-01_10_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SolvencyAvailableAmount" xlink:label="bw2-titel9_SolvencyAvailableAmount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SolvencyAvailableAmount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SolvencyConsideredEssentialAmount" xlink:label="bw2-titel9_SolvencyConsideredEssentialAmount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SolvencyConsideredEssentialAmount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SolvencyMinimalRequiredAmount" xlink:label="bw2-titel9_SolvencyMinimalRequiredAmount_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SolvencyMinimalRequiredAmount_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_StatutoryReservesDisclosure" xlink:label="bw2-titel9_StatutoryReservesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReservesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_StatutoryReservesPolicy" xlink:label="bw2-titel9_StatutoryReservesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReservesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_630_305_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_630_305_ref">
      <ref:Chapter>630</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>305</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReservesPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_630_305_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_StatutoryReserves" xlink:label="bw2-titel9_StatutoryReserves_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReserves_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_373_1_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_373_1_E_ref">
      <ref:Article>373</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReserves_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReserves_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReserves_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedBondsAndOtherFixedIncomeSecuritiesExplanation" xlink:label="bw2-titel9_SubordinatedBondsAndOtherFixedIncomeSecuritiesExplanation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_3_6_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_3_6_ref">
      <ref:Article>3</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>6</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedBondsAndOtherFixedIncomeSecuritiesExplanation_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedDebtsExplanation" xlink:label="bw2-titel9_SubordinatedDebtsExplanation_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BJB_2012-01-01_6_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BJB_2012-01-01_6_5_ref">
      <ref:Article>6</ref:Article>
      <ref:IssueDate>2012-01-01</ref:IssueDate>
      <ref:Name>Besluit jaarrekening banken</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedDebtsExplanation_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilitiesCurrentDisclosure" xlink:label="bw2-titel9_SubordinatedLiabilitiesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_4_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilitiesCurrentNatureDescription" xlink:label="bw2-titel9_SubordinatedLiabilitiesCurrentNatureDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesCurrentNatureDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_254_405_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_254_405_ref">
      <ref:Chapter>254</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>405</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesCurrentNatureDescription_loc" xlink:to="bw2-titel9_RJ_2023-01-01_254_405_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilitiesCurrentPolicy" xlink:label="bw2-titel9_SubordinatedLiabilitiesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilitiesDisclosure" xlink:label="bw2-titel9_SubordinatedLiabilitiesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilitiesNoncurrentDisclosure" xlink:label="bw2-titel9_SubordinatedLiabilitiesNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilitiesNoncurrentNatureDescription" xlink:label="bw2-titel9_SubordinatedLiabilitiesNoncurrentNatureDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesNoncurrentNatureDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesNoncurrentNatureDescription_loc" xlink:to="bw2-titel9_RJ_2023-01-01_254_405_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilitiesNoncurrentPolicy" xlink:label="bw2-titel9_SubordinatedLiabilitiesNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilitiesPolicy" xlink:label="bw2-titel9_SubordinatedLiabilitiesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilities" xlink:label="bw2-titel9_SubordinatedLiabilities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilities_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilities_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubsequentEventsDisclosure" xlink:label="bw2-titel9_SubsequentEventsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubsequentEventsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SumOfExpensesDisclosure" xlink:label="bw2-titel9_SumOfExpensesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SumOfExpensesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SumOfExpenses" xlink:label="bw2-titel9_SumOfExpenses_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SumOfExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SumOfExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SumOfExpenses_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_14_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TangibleAssetsOtherDisclosure" xlink:label="bw2-titel9_TangibleAssetsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TangibleAssetsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TangibleAssetsOtherPolicy" xlink:label="bw2-titel9_TangibleAssetsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TangibleAssetsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TangibleAssetsOther" xlink:label="bw2-titel9_TangibleAssetsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TangibleAssetsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TangibleAssetsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TangibleAssetsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_366_1_C_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_366_1_C_ref">
      <ref:Article>366</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>c</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TangibleAssetsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TangibleAssetsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_397_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TargetGoalsMenAndWomenBoardAndSupervisoryBoardDescription" xlink:label="bw2-titel9_TargetGoalsMenAndWomenBoardAndSupervisoryBoardDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BIB_2023-01-01_3d_1b_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BIB_2023-01-01_3d_1b_ref">
      <ref:Article>3d</ref:Article>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Besluit inhoud bestuursverslag</ref:Name>
      <ref:Subparagraph>1b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TargetGoalsMenAndWomenBoardAndSupervisoryBoardDescription_loc" xlink:to="bw2-titel9_BIB_2023-01-01_3d_1b_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_400_2023_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_400_2023_B_ref">
      <ref:Chapter>400</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>2023</ref:Paragraph>
      <ref:Subparagraph>b</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TargetGoalsMenAndWomenBoardAndSupervisoryBoardDescription_loc" xlink:to="bw2-titel9_RJ_2023-01-01_400_2023_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayableCurrentDisclosure" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayableCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayableCurrentPolicy" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayableCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayableCurrent" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayableCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_H_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_H_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>h</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayableDisclosure" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayableDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentDisclosure" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentPolicy" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrent" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayablePolicy" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayablePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayablePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayable" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_H_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_436_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableGrossDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableGrossPolicy" xlink:label="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableGross" xlink:label="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayablePolicy" xlink:label="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayablePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayablePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableReinsuredPartDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableReinsuredPartPolicy" xlink:label="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableReinsuredPart" xlink:label="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayableReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayable" xlink:label="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayable_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForDamagesOrBenefitsPayable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsGrossDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsGrossPolicy" xlink:label="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsGross" xlink:label="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsPolicy" xlink:label="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsReinsuredPartDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsReinsuredPartPolicy" xlink:label="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsReinsuredPart" xlink:label="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFundsReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFunds" xlink:label="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFunds_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFunds_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsForInsuranceWhereInvestmentsAreForRiskOfPolicyHoldersAndAnnualLifeFunds_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsuranceDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsuranceDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsuranceDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsuranceGrossDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsuranceGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsuranceGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsuranceGrossPolicy" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsuranceGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsuranceGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsuranceGross" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsuranceGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsuranceGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsurancePolicy" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsurancePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsurancePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsuranceReinsuredPartDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsuranceReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsuranceReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsuranceReinsuredPartPolicy" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsuranceReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsuranceReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsuranceReinsuredPart" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsuranceReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsuranceReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsurance" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsurance_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsurance_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsurance_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOtherDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOtherGrossDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsOtherGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOtherGrossPolicy" xlink:label="bw2-titel9_TechnicalProvisionsOtherGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOtherGross" xlink:label="bw2-titel9_TechnicalProvisionsOtherGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOtherPolicy" xlink:label="bw2-titel9_TechnicalProvisionsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOtherReinsuredPartDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsOtherReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOtherReinsuredPartPolicy" xlink:label="bw2-titel9_TechnicalProvisionsOtherReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOtherReinsuredPart" xlink:label="bw2-titel9_TechnicalProvisionsOtherReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOther" xlink:label="bw2-titel9_TechnicalProvisionsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOther_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsPolicy" xlink:label="bw2-titel9_TechnicalProvisionsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsGrossDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsGrossPolicy" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsGross" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsPolicy" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsReinsuredPartDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsReinsuredPartPolicy" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsReinsuredPart" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscounts" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscounts_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscounts_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscounts_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksGrossDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksGrossDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksGrossDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksGrossPolicy" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksGrossPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksGrossPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksGross" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksGross_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksGross_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksPolicy" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksReinsuredPartDisclosure" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksReinsuredPartDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksReinsuredPartDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksReinsuredPartPolicy" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksReinsuredPartPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksReinsuredPartPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksReinsuredPart" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksReinsuredPart_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksReinsuredPart_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisks" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisks_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisks_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisks_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisions" xlink:label="bw2-titel9_TechnicalProvisions_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisions_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_435a_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_435a_ref">
      <ref:Article>435a</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisions_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435a_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TheApplicationForOrGrantedExemptionRelatingToTheNotificationOfParticipatingInterestsDescription" xlink:label="bw2-titel9_TheApplicationForOrGrantedExemptionRelatingToTheNotificationOfParticipatingInterestsDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_379_4_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_379_4_ref">
      <ref:Article>379</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>4</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TheApplicationForOrGrantedExemptionRelatingToTheNotificationOfParticipatingInterestsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_4_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_379_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_379_5_ref">
      <ref:Article>379</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TheApplicationForOrGrantedExemptionRelatingToTheNotificationOfParticipatingInterestsDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_379_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TheNumberOfNonVotingSharesAndTheirPowersDescription" xlink:label="bw2-titel9_TheNumberOfNonVotingSharesAndTheirPowersDescription_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_392_1_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_392_1_E_ref">
      <ref:Article>392</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TheNumberOfNonVotingSharesAndTheirPowersDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TheNumberOfSharesWithoutProfitEntitlementAndTheirPowersDescription" xlink:label="bw2-titel9_TheNumberOfSharesWithoutProfitEntitlementAndTheirPowersDescription_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TheNumberOfSharesWithoutProfitEntitlementAndTheirPowersDescription_loc" xlink:to="bw2-titel9_BW2_2026-01-01_392_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesCurrentDisclosure" xlink:label="bw2-titel9_TradePayablesCurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesCurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesCurrentPolicy" xlink:label="bw2-titel9_TradePayablesCurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesCurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesCurrent" xlink:label="bw2-titel9_TradePayablesCurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesCurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_375_1_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_375_1_D_ref">
      <ref:Article>375</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>d</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesCurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesDisclosure" xlink:label="bw2-titel9_TradePayablesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesNoncurrentDisclosure" xlink:label="bw2-titel9_TradePayablesNoncurrentDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesNoncurrentDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesNoncurrentPolicy" xlink:label="bw2-titel9_TradePayablesNoncurrentPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesNoncurrentPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesNoncurrent" xlink:label="bw2-titel9_TradePayablesNoncurrent_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesNoncurrent_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesNoncurrent_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesPolicy" xlink:label="bw2-titel9_TradePayablesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayables" xlink:label="bw2-titel9_TradePayables_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradeReceivablesDisclosure" xlink:label="bw2-titel9_TradeReceivablesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradeReceivablesDisclosure_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradeReceivablesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradeReceivablesPolicy" xlink:label="bw2-titel9_TradeReceivablesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradeReceivablesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradeReceivables" xlink:label="bw2-titel9_TradeReceivables_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradeReceivables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradeReceivables_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_370_1_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_370_1_A_ref">
      <ref:Article>370</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradeReceivables_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TreasurySharesDisclosure" xlink:label="bw2-titel9_TreasurySharesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TreasurySharesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TreasuryShares" xlink:label="bw2-titel9_TreasuryShares_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TreasuryShares_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedAccumulatedIntercompanyResult" xlink:label="bw2-titel9_UnrealisedAccumulatedIntercompanyResult_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedAccumulatedIntercompanyResult_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_10_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsDisclosure" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInGroupCompaniesDisclosure" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInGroupCompaniesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInGroupCompaniesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInGroupCompaniesPolicy" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInGroupCompaniesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInGroupCompaniesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInGroupCompanies" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInGroupCompanies_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInGroupCompanies_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInLandAndBuildingsDisclosure" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInLandAndBuildingsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInLandAndBuildingsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInLandAndBuildingsPolicy" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInLandAndBuildingsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInLandAndBuildingsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInLandAndBuildings" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInLandAndBuildings_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInLandAndBuildings_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInOtherDisclosure" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInOtherPolicy" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInOther" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherDisclosure" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherPolicy" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInParticipatingInterestsOtherPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsInParticipatingInterestsOther" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInParticipatingInterestsOther_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsInParticipatingInterestsOther_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestmentsPolicy" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsPolicy_loc" xlink:to="bw2-titel9_RJ_2023-01-01_120_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestmentsPolicy_loc" xlink:to="bw2-titel9_RJk_2023-01-01_A2_206_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedChangesInValueOfInvestments" xlink:label="bw2-titel9_UnrealisedChangesInValueOfInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedChangesInValueOfInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedLossOnInvestmentsDisclosure" xlink:label="bw2-titel9_UnrealisedLossOnInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedLossOnInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedLossOnInvestmentsPolicy" xlink:label="bw2-titel9_UnrealisedLossOnInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedLossOnInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedLossOnInvestments" xlink:label="bw2-titel9_UnrealisedLossOnInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedLossOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedLossOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedLossOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedLossOnInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedLossOnInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedProfitOnInvestmentsDisclosure" xlink:label="bw2-titel9_UnrealisedProfitOnInvestmentsDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedProfitOnInvestmentsDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedProfitOnInvestmentsPolicy" xlink:label="bw2-titel9_UnrealisedProfitOnInvestmentsPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedProfitOnInvestmentsPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_UnrealisedProfitOnInvestments" xlink:label="bw2-titel9_UnrealisedProfitOnInvestments_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_8_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_UnrealisedProfitOnInvestments_loc" xlink:to="bw2-titel9_BW2_2026-01-01_438_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ValueChangesFinancialInstrumentsValuedAtFairValuePolicy" xlink:label="bw2-titel9_ValueChangesFinancialInstrumentsValuedAtFairValuePolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ValueChangesFinancialInstrumentsValuedAtFairValuePolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_WagesSalariesDisclosure" xlink:label="bw2-titel9_WagesSalariesDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalariesDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_WagesSalariesPolicy" xlink:label="bw2-titel9_WagesSalariesPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalariesPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_WagesSalaries" xlink:label="bw2-titel9_WagesSalaries_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalaries_loc" xlink:to="bw2-titel9_BJB_2012-01-01_10_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalaries_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalaries_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalaries_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalaries_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalaries_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_9_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_377_3_E_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_377_3_E_ref">
      <ref:Article>377</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>3</ref:Paragraph>
      <ref:Subparagraph>e</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalaries_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalaries_loc" xlink:to="bw2-titel9_BW2_2026-01-01_395a_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_WorkInProgressDisclosure" xlink:label="bw2-titel9_WorkInProgressDisclosure_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WorkInProgressDisclosure_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_WorkInProgressPolicy" xlink:label="bw2-titel9_WorkInProgressPolicy_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WorkInProgressPolicy_loc" xlink:to="bw2-titel9_BW2_2026-01-01_384_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_WorkInProgress" xlink:label="bw2-titel9_WorkInProgress_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WorkInProgress_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WorkInProgress_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_369_B_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_369_B_ref">
      <ref:Article>369</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>b</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WorkInProgress_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccidentsAndIllnessesMember" xlink:label="bw2-titel9_AccidentsAndIllnessesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccidentsAndIllnessesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccrualsAndDeferredIncomeMember" xlink:label="bw2-titel9_AccrualsAndDeferredIncomeMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccrualsAndDeferredIncomeMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AccruedIncomeMember" xlink:label="bw2-titel9_AccruedIncomeMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AccruedIncomeMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesMember" xlink:label="bw2-titel9_AdvancesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedMember" xlink:label="bw2-titel9_AdvancesReceivedMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AdvancesReceivedNoncurrentMember" xlink:label="bw2-titel9_AdvancesReceivedNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AdvancesReceivedNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AmortisationIntangibleAssetsMember" xlink:label="bw2-titel9_AmortisationIntangibleAssetsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AmortisationIntangibleAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsCurrentMember" xlink:label="bw2-titel9_AssetsCurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsMember" xlink:label="bw2-titel9_AssetsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssetsNoncurrentMember" xlink:label="bw2-titel9_AssetsNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssetsNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AssistanceMember" xlink:label="bw2-titel9_AssistanceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AssistanceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BenefitsOnTerminationOfServiceMember" xlink:label="bw2-titel9_BenefitsOnTerminationOfServiceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BenefitsOnTerminationOfServiceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesMember" xlink:label="bw2-titel9_BillsExchangeChequesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_372_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayableMember" xlink:label="bw2-titel9_BillsExchangeChequesPayableMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BillsExchangeChequesPayableNoncurrentMember" xlink:label="bw2-titel9_BillsExchangeChequesPayableNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BillsExchangeChequesPayableNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BondsOtherFixedIncomeSecuritiesMember" xlink:label="bw2-titel9_BondsOtherFixedIncomeSecuritiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesMember_loc" xlink:to="bw2-titel9_BJB_2012-01-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesMember_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BondsOtherFixedIncomeSecuritiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CalledUpShareCapitalMember" xlink:label="bw2-titel9_CalledUpShareCapitalMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CalledUpShareCapitalMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CapitalisedProductionCostsMember" xlink:label="bw2-titel9_CapitalisedProductionCostsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CapitalisedProductionCostsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CashAndCashEquivalentsMember" xlink:label="bw2-titel9_CashAndCashEquivalentsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalentsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashAndCashEquivalentsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_372_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CashInHandMember" xlink:label="bw2-titel9_CashInHandMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CashInHandMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_372_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsDeductedFromAvailableReservesMember" xlink:label="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsDeductedFromAvailableReservesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsDeductedFromAvailableReservesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInIncomeStatementMember" xlink:label="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInIncomeStatementMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInIncomeStatementMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInRevaluationReserveMember" xlink:label="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInRevaluationReserveMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInCurrentValueOfFinancialInstrumentsRecognisedInRevaluationReserveMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueIntangibleAssetsMember" xlink:label="bw2-titel9_ChangesInValueIntangibleAssetsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentMember" xlink:label="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValueIntangibleAssetsPropertyPlantEquipmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInValuePropertyPlantEquipmentMember" xlink:label="bw2-titel9_ChangesInValuePropertyPlantEquipmentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInValuePropertyPlantEquipmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesInventoriesWorkInProgressMember" xlink:label="bw2-titel9_ChangesInventoriesWorkInProgressMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesInventoriesWorkInProgressMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueFinancialAssetsSecuritiesGroupCompaniesMember" xlink:label="bw2-titel9_ChangesValueFinancialAssetsSecuritiesGroupCompaniesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecuritiesGroupCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChangesValueFinancialAssetsSecuritiesMember" xlink:label="bw2-titel9_ChangesValueFinancialAssetsSecuritiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecuritiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_N_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChangesValueFinancialAssetsSecuritiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_J_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CommercialMember" xlink:label="bw2-titel9_CommercialMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CommercialMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConsolidatedMember" xlink:label="bw2-titel9_ConsolidatedMember_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_361_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_361_1_ref">
      <ref:Article>361</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidatedMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_361_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_361_ref">
      <ref:Article>361</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidatedMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConsolidatedMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_405_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentMember" xlink:label="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConstructionInProgressPrepaymentsPropertyPlantEquipmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsMember" xlink:label="bw2-titel9_ConvertibleBorrowingsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ConvertibleBorrowingsNoncurrentMember" xlink:label="bw2-titel9_ConvertibleBorrowingsNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ConvertibleBorrowingsNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostOfSalesMember" xlink:label="bw2-titel9_CostOfSalesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostOfSalesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsIncorporationShareIssueMember" xlink:label="bw2-titel9_CostsIncorporationShareIssueMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsIncorporationShareIssueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsOutsourcedWorkOtherExternalExpensesMember" xlink:label="bw2-titel9_CostsOutsourcedWorkOtherExternalExpensesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsOutsourcedWorkOtherExternalExpensesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_G_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsRawMaterialsConsumablesMember" xlink:label="bw2-titel9_CostsRawMaterialsConsumablesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumablesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_G_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpensesMember" xlink:label="bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpensesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CostsRawMaterialsConsumablesOtherExternalExpensesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_G_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CountriesOutsideOfTheEuropeanCommunityMember" xlink:label="bw2-titel9_CountriesOutsideOfTheEuropeanCommunityMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CountriesOutsideOfTheEuropeanCommunityMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CreditAndSuretyshipMember" xlink:label="bw2-titel9_CreditAndSuretyshipMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CreditAndSuretyshipMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CreditBalancesOnBankAccountsMember" xlink:label="bw2-titel9_CreditBalancesOnBankAccountsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CreditBalancesOnBankAccountsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_372_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CurrentManagingDirectorMember" xlink:label="bw2-titel9_CurrentManagingDirectorMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CurrentManagingDirectorMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CurrentMember" xlink:label="bw2-titel9_CurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_CurrentSupervisoryDirectorMember" xlink:label="bw2-titel9_CurrentSupervisoryDirectorMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_CurrentSupervisoryDirectorMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DamageInsuranceMember" xlink:label="bw2-titel9_DamageInsuranceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DamageInsuranceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansMember" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DebenturesOtherPrivateLoansNoncurrentMember" xlink:label="bw2-titel9_DebenturesOtherPrivateLoansNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DebenturesOtherPrivateLoansNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsMember" xlink:label="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentAmortisationIntangibleAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DepreciationPropertyPlantEquipmentMember" xlink:label="bw2-titel9_DepreciationPropertyPlantEquipmentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DepreciationPropertyPlantEquipmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_DevelopmentCostsMember" xlink:label="bw2-titel9_DevelopmentCostsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCostsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_DevelopmentCostsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EmployeesMember" xlink:label="bw2-titel9_EmployeesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EmployeesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityAndLiabilitiesMember" xlink:label="bw2-titel9_EquityAndLiabilitiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityAndLiabilitiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityGroupMember" xlink:label="bw2-titel9_EquityGroupMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityGroupMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_411_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityMember" xlink:label="bw2-titel9_EquityMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExtraordinaryExpensesMember" xlink:label="bw2-titel9_ExtraordinaryExpensesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryExpensesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ExtraordinaryIncomeMember" xlink:label="bw2-titel9_ExtraordinaryIncomeMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ExtraordinaryIncomeMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialAssetsMember" xlink:label="bw2-titel9_FinancialAssetsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsBookValueMember" xlink:label="bw2-titel9_FinancialInstrumentsBookValueMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsBookValueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialInstrumentsCurrentValueMember" xlink:label="bw2-titel9_FinancialInstrumentsCurrentValueMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsCurrentValueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381a_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsCurrentValueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialInstrumentsCurrentValueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_381b_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FireOtherPropertyLossesMember" xlink:label="bw2-titel9_FireOtherPropertyLossesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FireOtherPropertyLossesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FiscalMember" xlink:label="bw2-titel9_FiscalMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FiscalMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ForeignCurrencyTranslationReserveMember" xlink:label="bw2-titel9_ForeignCurrencyTranslationReserveMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserveMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ForeignCurrencyTranslationReserveMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FormerManagingDirectorMember" xlink:label="bw2-titel9_FormerManagingDirectorMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FormerManagingDirectorMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FormerSupervisoryDirectorMember" xlink:label="bw2-titel9_FormerSupervisoryDirectorMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FormerSupervisoryDirectorMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralAdministrativeExpensesMember" xlink:label="bw2-titel9_GeneralAdministrativeExpensesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralAdministrativeExpensesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeneralLiabilityMember" xlink:label="bw2-titel9_GeneralLiabilityMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeneralLiabilityMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GoodwillMember" xlink:label="bw2-titel9_GoodwillMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoodwillMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GoodwillMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GrossOperatingResultMember" xlink:label="bw2-titel9_GrossOperatingResultMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GrossOperatingResultMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GroupCompaniesMember" xlink:label="bw2-titel9_GroupCompaniesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GroupCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GuaranteesMember" xlink:label="bw2-titel9_GuaranteesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GuaranteesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ImpairmentCurrentAssetsMember" xlink:label="bw2-titel9_ImpairmentCurrentAssetsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ImpairmentCurrentAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_i_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeReceivablesNoncurrentSecuritiesGroupCompaniesMember" xlink:label="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesGroupCompaniesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesGroupCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeReceivablesNoncurrentSecuritiesMember" xlink:label="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_L_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeReceivablesNoncurrentSecuritiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseExtraordinaryItemsMember" xlink:label="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseExtraordinaryItemsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseMember" xlink:label="bw2-titel9_IncomeTaxExpenseMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesMember" xlink:label="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOrdinaryActivitiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IncomeTaxExpenseOtherMember" xlink:label="bw2-titel9_IncomeTaxExpenseOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IncomeTaxExpenseOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_IntangibleAssetsMember" xlink:label="bw2-titel9_IntangibleAssetsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_IntangibleAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestExpensesRelatedExpensesGroupCompaniesMember" xlink:label="bw2-titel9_InterestExpensesRelatedExpensesGroupCompaniesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpensesGroupCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestExpensesRelatedExpensesMember" xlink:label="bw2-titel9_InterestExpensesRelatedExpensesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpensesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_O_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestExpensesRelatedExpensesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_K_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeGroupCompaniesMember" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeGroupCompaniesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeGroupCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InterestIncomeRelatedIncomeMember" xlink:label="bw2-titel9_InterestIncomeRelatedIncomeMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_M_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InterestIncomeRelatedIncomeMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_i_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoriesMember" xlink:label="bw2-titel9_InventoriesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoriesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoriesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoryFinishedTradeGoodsMember" xlink:label="bw2-titel9_InventoryFinishedTradeGoodsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryFinishedTradeGoodsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InventoryRawMaterialsConsumablesMember" xlink:label="bw2-titel9_InventoryRawMaterialsConsumablesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InventoryRawMaterialsConsumablesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherMember" xlink:label="bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_600_106_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_600_106_ref">
      <ref:Chapter>600</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>106</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInOtherParticipatingInterestsOtherMember_loc" xlink:to="bw2-titel9_RJ_2023-01-01_600_106_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsMember" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesCreditInstitutionsMember_loc" xlink:to="bw2-titel9_RJ_2023-01-01_600_106_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesMember" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherMember" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsInGroupCompaniesOtherMember_loc" xlink:to="bw2-titel9_RJ_2023-01-01_600_106_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsMember" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherCreditInstitutionsMember_loc" xlink:to="bw2-titel9_RJ_2023-01-01_600_106_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsInParticipatingInterestsOtherMember" xlink:label="bw2-titel9_InvestmentsInParticipatingInterestsOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsInParticipatingInterestsOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsMember" xlink:label="bw2-titel9_InvestmentsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_401_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_429_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_430_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_InvestmentsOtherAffiliatedCompaniesMember" xlink:label="bw2-titel9_InvestmentsOtherAffiliatedCompaniesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_InvestmentsOtherAffiliatedCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LandAndBuildingsMember" xlink:label="bw2-titel9_LandAndBuildingsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LandAndBuildingsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalAidMember" xlink:label="bw2-titel9_LegalAidMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalAidMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveContributionInKindMember" xlink:label="bw2-titel9_LegalReserveContributionInKindMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveContributionInKindMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveContributionInKindMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveCostsIncorporationShareIssueMember" xlink:label="bw2-titel9_LegalReserveCostsIncorporationShareIssueMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveCostsIncorporationShareIssueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveCostsIncorporationShareIssueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveCostsIncorporationShareIssueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveDeferredResultsFinancialInstrumentsMember" xlink:label="bw2-titel9_LegalReserveDeferredResultsFinancialInstrumentsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDeferredResultsFinancialInstrumentsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDeferredResultsFinancialInstrumentsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveDevelopmentMember" xlink:label="bw2-titel9_LegalReserveDevelopmentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDevelopmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDevelopmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveDevelopmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveLoansProvidedObtainTreasurySharesMember" xlink:label="bw2-titel9_LegalReserveLoansProvidedObtainTreasurySharesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveLoansProvidedObtainTreasurySharesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveLoansProvidedObtainTreasurySharesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveNegativeTranslationShareCapitalIntoEurosMember" xlink:label="bw2-titel9_LegalReserveNegativeTranslationShareCapitalIntoEurosMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveNegativeTranslationShareCapitalIntoEurosMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveNegativeTranslationShareCapitalIntoEurosMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveResultParticipatingInterestsMember" xlink:label="bw2-titel9_LegalReserveResultParticipatingInterestsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveResultParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveResultParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveTranslationDifferencesForeignParticipatingInterestsMember" xlink:label="bw2-titel9_LegalReserveTranslationDifferencesForeignParticipatingInterestsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveTranslationDifferencesForeignParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveTranslationDifferencesForeignParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReserveTranslationShareCapitalIntoEurosMember" xlink:label="bw2-titel9_LegalReserveTranslationShareCapitalIntoEurosMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveTranslationShareCapitalIntoEurosMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReserveTranslationShareCapitalIntoEurosMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalReservesMember" xlink:label="bw2-titel9_LegalReservesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReservesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalReservesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalStatutoryReservesMember" xlink:label="bw2-titel9_LegalStatutoryReservesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalStatutoryReservesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesCurrentMember" xlink:label="bw2-titel9_LiabilitiesCurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_5_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesCurrentMember_loc" xlink:to="bw2-titel9_RTIV2015_2018-01-01_15_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesMaturityExceedingFiveYearsMember" xlink:label="bw2-titel9_LiabilitiesMaturityExceedingFiveYearsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMaturityExceedingFiveYearsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesMember" xlink:label="bw2-titel9_LiabilitiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesNoncurrentMember" xlink:label="bw2-titel9_LiabilitiesNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_5_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesNoncurrentMember_loc" xlink:to="bw2-titel9_RTIV2015_2018-01-01_15_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrentMember" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrentMember" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToCommissionAgentsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrentMember" xlink:label="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesRelatingToSecuritiesTransactionsToOtherPartiesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LifeInsuranceMember" xlink:label="bw2-titel9_LifeInsuranceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LifeInsuranceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesMember" xlink:label="bw2-titel9_LoansAdvancesGuaranteesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansMember" xlink:label="bw2-titel9_LoansMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LongTermBenefitsMember" xlink:label="bw2-titel9_LongTermBenefitsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LongTermBenefitsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MachineryMember" xlink:label="bw2-titel9_MachineryMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MachineryMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MachineryMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ManagingDirectorsFormerManagingDirectorsMember" xlink:label="bw2-titel9_ManagingDirectorsFormerManagingDirectorsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ManagingDirectorsFormerManagingDirectorsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ManagingDirectorsFormerManagingDirectorsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ManagingDirectorsMember" xlink:label="bw2-titel9_ManagingDirectorsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ManagingDirectorsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MarineTransportAviationInsuranceMember" xlink:label="bw2-titel9_MarineTransportAviationInsuranceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MarineTransportAviationInsuranceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MaturityGreaterThanFiveYearsMember" xlink:label="bw2-titel9_MaturityGreaterThanFiveYearsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MaturityGreaterThanFiveYearsMember_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MaturityGreaterThanOneYearWithinFiveYearsMember" xlink:label="bw2-titel9_MaturityGreaterThanOneYearWithinFiveYearsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MaturityGreaterThanOneYearWithinFiveYearsMember_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MaturityGreaterThanThreeMonthsWithinOneYearMember" xlink:label="bw2-titel9_MaturityGreaterThanThreeMonthsWithinOneYearMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MaturityGreaterThanThreeMonthsWithinOneYearMember_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MaturityMember" xlink:label="bw2-titel9_MaturityMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MaturityMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MaturityWithinOneYearMember" xlink:label="bw2-titel9_MaturityWithinOneYearMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MaturityWithinOneYearMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MaturityWithinThreeMonthsMember" xlink:label="bw2-titel9_MaturityWithinThreeMonthsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MaturityWithinThreeMonthsMember_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MotorVehiclesLiabilityInsuranceMember" xlink:label="bw2-titel9_MotorVehiclesLiabilityInsuranceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MotorVehiclesLiabilityInsuranceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_MotorVehiclesOtherMember" xlink:label="bw2-titel9_MotorVehiclesOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_MotorVehiclesOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetResultAfterTaxMember" xlink:label="bw2-titel9_NetResultAfterTaxMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetResultAfterTaxMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_411_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetRevenueMember" xlink:label="bw2-titel9_NetRevenueMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_6_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetRevenueMember_loc" xlink:to="bw2-titel9_RJk_2023-01-01_B5_317_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NetherlandsMember" xlink:label="bw2-titel9_NetherlandsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NetherlandsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NonTechnicalAccountMember" xlink:label="bw2-titel9_NonTechnicalAccountMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NonTechnicalAccountMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NonTechnicalAccountMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NonTechnicalAccountMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NoncontrollingInterestMember" xlink:label="bw2-titel9_NoncontrollingInterestMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NoncontrollingInterestMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_411_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_NoncurrentMember" xlink:label="bw2-titel9_NoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_NoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingExpensesOtherMember" xlink:label="bw2-titel9_OperatingExpensesOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingExpensesOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_J_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OperatingIncomeOtherMember" xlink:label="bw2-titel9_OperatingIncomeOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OperatingIncomeOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OrdinarySharesMember" xlink:label="bw2-titel9_OrdinarySharesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OrdinarySharesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_OtherTerritoriesOfTheEuropeanCommunityMember" xlink:label="bw2-titel9_OtherTerritoriesOfTheEuropeanCommunityMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_OtherTerritoriesOfTheEuropeanCommunityMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PatentsTrademarksOtherRightsMember" xlink:label="bw2-titel9_PatentsTrademarksOtherRightsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRightsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PatentsTrademarksOtherRightsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCreditInstitutionsMember" xlink:label="bw2-titel9_PayablesCreditInstitutionsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesCreditInstitutionsNoncurrentMember" xlink:label="bw2-titel9_PayablesCreditInstitutionsNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesCreditInstitutionsNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesMember" xlink:label="bw2-titel9_PayablesGroupCompaniesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesGroupCompaniesNoncurrentMember" xlink:label="bw2-titel9_PayablesGroupCompaniesNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesGroupCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherAffiliatedCompaniesCurrentMember" xlink:label="bw2-titel9_PayablesOtherAffiliatedCompaniesCurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherAffiliatedCompaniesCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrentMember" xlink:label="bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherAffiliatedCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherMember" xlink:label="bw2-titel9_PayablesOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_J_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesOtherNoncurrentMember" xlink:label="bw2-titel9_PayablesOtherNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesOtherNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_J_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsMember" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_G_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentMember" xlink:label="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PayablesShareholdersParticipatingInterestsNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_G_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionCostsMember" xlink:label="bw2-titel9_PensionCostsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionCostsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesMember" xlink:label="bw2-titel9_PensionPayablesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_i_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PensionPayablesNoncurrentMember" xlink:label="bw2-titel9_PensionPayablesNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PensionPayablesNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_i_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PrepaymentsIntangibleAssetsMember" xlink:label="bw2-titel9_PrepaymentsIntangibleAssetsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_365_1_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsIntangibleAssetsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PrepaymentsInventoriesMember" xlink:label="bw2-titel9_PrepaymentsInventoriesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PrepaymentsInventoriesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProfitSharingAndBonusPaymentsMember" xlink:label="bw2-titel9_ProfitSharingAndBonusPaymentsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProfitSharingAndBonusPaymentsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentMember" xlink:label="bw2-titel9_PropertyPlantEquipmentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsMember" xlink:label="bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_PropertyPlantEquipmentNotUsedInOperationsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionDeferredProfitSharingObligationsMember" xlink:label="bw2-titel9_ProvisionDeferredProfitSharingObligationsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionDeferredProfitSharingObligationsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionPensionObligationsMember" xlink:label="bw2-titel9_ProvisionPensionObligationsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionPensionObligationsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_4_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionTaxLiabilitiesMember" xlink:label="bw2-titel9_ProvisionTaxLiabilitiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionTaxLiabilitiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_4_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsMember" xlink:label="bw2-titel9_ProvisionsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ProvisionsOtherMember" xlink:label="bw2-titel9_ProvisionsOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ProvisionsOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_374_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrentMember" xlink:label="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentMember" xlink:label="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_F_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesFromLoansAndAdvancesToParticipantsOrRegisteredShareholdersNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesGroupCompaniesCurrentMember" xlink:label="bw2-titel9_ReceivablesGroupCompaniesCurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesGroupCompaniesNoncurrentMember" xlink:label="bw2-titel9_ReceivablesGroupCompaniesNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesGroupCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesMaturityExceedingOneYearMember" xlink:label="bw2-titel9_ReceivablesMaturityExceedingOneYearMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesMaturityExceedingOneYearMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesMember" xlink:label="bw2-titel9_ReceivablesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentMember" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentMember" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesNoncurrentMember_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherCurrentMember" xlink:label="bw2-titel9_ReceivablesOtherCurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherNoncurrentMember" xlink:label="bw2-titel9_ReceivablesOtherNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_F_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrentMember" xlink:label="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentMember" xlink:label="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesShareholdersParticipatingInterestsNoncurrentMember_loc" xlink:to="bw2-titel9_RJ_2026-01-01_660_302_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RegularRemunerationMember" xlink:label="bw2-titel9_RegularRemunerationMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RegularRemunerationMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReinsuranceMember" xlink:label="bw2-titel9_ReinsuranceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinsuranceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReinvestmentReserveMember" xlink:label="bw2-titel9_ReinvestmentReserveMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReinvestmentReserveMember_loc" xlink:to="bw2-titel9_BFW_2015-01-01_2_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RemunerationMember" xlink:label="bw2-titel9_RemunerationMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RemunerationMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383c_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RepaymentObligationsOfNoncurrentBorrowingsMember" xlink:label="bw2-titel9_RepaymentObligationsOfNoncurrentBorrowingsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RepaymentObligationsOfNoncurrentBorrowingsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterestsMember" xlink:label="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterestsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_D_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_4_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_389_8_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_122_404_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_122_404_A_ref">
      <ref:Chapter>122</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>404</ref:Paragraph>
      <ref:Subparagraph>a</ref:Subparagraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterestsMember_loc" xlink:to="bw2-titel9_RJ_2023-01-01_122_404_A_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_240_229_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_240_229_ref">
      <ref:Chapter>240</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>229</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterestsMember_loc" xlink:to="bw2-titel9_RJ_2023-01-01_240_229_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJk_2023-01-01_B8_113_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJk_2023-01-01_B8_113_ref">
      <ref:Chapter>B8</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving voor kleine rechtspersonen</ref:Name>
      <ref:Paragraph>113</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterestsMember_loc" xlink:to="bw2-titel9_RJk_2023-01-01_B8_113_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJk_2023-01-01_B8_126_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJk_2023-01-01_B8_126_ref">
      <ref:Chapter>B8</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving voor kleine rechtspersonen</ref:Name>
      <ref:Paragraph>126</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReserveTranslationDifferencesConversionInvestedAssetsResultParticipatingInterestsMember_loc" xlink:to="bw2-titel9_RJk_2023-01-01_B8_126_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReservesOtherMember" xlink:label="bw2-titel9_ReservesOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_F_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReservesOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxExtraordinaryItemsMember" xlink:label="bw2-titel9_ResultAfterTaxExtraordinaryItemsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxExtraordinaryItemsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxMember" xlink:label="bw2-titel9_ResultAfterTaxMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_C_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAfterTaxOrdinaryActivitiesMember" xlink:label="bw2-titel9_ResultAfterTaxOrdinaryActivitiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAfterTaxOrdinaryActivitiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultAttributableNoncontrollingInterestMember" xlink:label="bw2-titel9_ResultAttributableNoncontrollingInterestMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultAttributableNoncontrollingInterestMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_411_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultBeforeTaxOrdinaryActivitiesMember" xlink:label="bw2-titel9_ResultBeforeTaxOrdinaryActivitiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultBeforeTaxOrdinaryActivitiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ResultForTheYearMember" xlink:label="bw2-titel9_ResultForTheYearMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultForTheYearMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_G_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ResultForTheYearMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RetainedEarningsMember" xlink:label="bw2-titel9_RetainedEarningsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarningsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_G_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RetainedEarningsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserveMember" xlink:label="bw2-titel9_RevaluationReserveMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RightsGrantedNotYetExercisedMember" xlink:label="bw2-titel9_RightsGrantedNotYetExercisedMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RightsGrantedNotYetExercisedMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesCurrentMember" xlink:label="bw2-titel9_SecuritiesCurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_364_3_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesCurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_371_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SecuritiesOtherNoncurrentMember" xlink:label="bw2-titel9_SecuritiesOtherNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesOtherNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_367_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SecuritiesOtherNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SellingExpensesMember" xlink:label="bw2-titel9_SellingExpensesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SellingExpensesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SeparateMember" xlink:label="bw2-titel9_SeparateMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SeparateMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SeparateMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalMember" xlink:label="bw2-titel9_ShareCapitalMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_A_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareCapitalPaidCalledUpMember" xlink:label="bw2-titel9_ShareCapitalPaidCalledUpMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareCapitalPaidCalledUpMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareInResultsParticipatingInterestsInGroupCompaniesMember" xlink:label="bw2-titel9_ShareInResultsParticipatingInterestsInGroupCompaniesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterestsInGroupCompaniesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ShareInResultsParticipatingInterestsMember" xlink:label="bw2-titel9_ShareInResultsParticipatingInterestsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_K_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ShareInResultsParticipatingInterestsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_4_G_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SharePremiumMember" xlink:label="bw2-titel9_SharePremiumMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremiumMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_B_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SharePremiumMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SocialSecurityContributionsMember" xlink:label="bw2-titel9_SocialSecurityContributionsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SocialSecurityContributionsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_F_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_StatutoryReservesMember" xlink:label="bw2-titel9_StatutoryReservesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReservesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_373_1_E_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_StatutoryReservesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedLiabilitiesMember" xlink:label="bw2-titel9_SubordinatedLiabilitiesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedLiabilitiesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_4_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SubordinatedReceivablesBondsAndOtherFixedIncomeSecurities" xlink:label="bw2-titel9_SubordinatedReceivablesBondsAndOtherFixedIncomeSecurities_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SubordinatedReceivablesBondsAndOtherFixedIncomeSecurities_loc" xlink:to="bw2-titel9_BJB_2012-01-01_3_6_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SupervisoryDirectorsFormerSupervisoryDirectorsMember" xlink:label="bw2-titel9_SupervisoryDirectorsFormerSupervisoryDirectorsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SupervisoryDirectorsFormerSupervisoryDirectorsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SupervisoryDirectorsFormerSupervisoryDirectorsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_SupervisoryDirectorsMember" xlink:label="bw2-titel9_SupervisoryDirectorsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_SupervisoryDirectorsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383d_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TangibleAssetsOtherMember" xlink:label="bw2-titel9_TangibleAssetsOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TangibleAssetsOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_366_1_C_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TangibleAssetsOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_368_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayableMember" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayableMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentMember" xlink:label="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16b_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TaxesSocialSecurityContributionsPayableNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_H_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalAccountDamageInsuranceMember" xlink:label="bw2-titel9_TechnicalAccountDamageInsuranceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalAccountDamageInsuranceMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalAccountDamageInsuranceMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalAccountDamageInsuranceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalAccountLifeInsuranceMember" xlink:label="bw2-titel9_TechnicalAccountLifeInsuranceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalAccountLifeInsuranceMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalAccountLifeInsuranceMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalAccountLifeInsuranceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_437_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsDamagesOrBenefitsPayableMember" xlink:label="bw2-titel9_TechnicalProvisionsDamagesOrBenefitsPayableMember_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_435_1_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_435_1_ref">
      <ref:Article>435</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>1</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsDamagesOrBenefitsPayableMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsLifeInsuranceMember" xlink:label="bw2-titel9_TechnicalProvisionsLifeInsuranceMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsuranceMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsLifeInsuranceMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsOtherMember" xlink:label="bw2-titel9_TechnicalProvisionsOtherMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsOtherMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_439_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsMember" xlink:label="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsProfitSharingAndDiscountsMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksMember" xlink:label="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_16a_2_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TechnicalProvisionsUnearnedPremiumsUnexpiredRisksMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_435_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesMember" xlink:label="bw2-titel9_TradePayablesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradePayablesNoncurrentMember" xlink:label="bw2-titel9_TradePayablesNoncurrentMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_1_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesNoncurrentMember_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_8_1_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradePayablesNoncurrentMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_375_1_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TradeReceivablesMember" xlink:label="bw2-titel9_TradeReceivablesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TradeReceivablesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_370_1_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_TreasurySharesMember" xlink:label="bw2-titel9_TreasurySharesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_TreasurySharesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_VariousPecuniaryLossesMember" xlink:label="bw2-titel9_VariousPecuniaryLossesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_VariousPecuniaryLossesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_WagesSalariesMember" xlink:label="bw2-titel9_WagesSalariesMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WagesSalariesMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_377_3_E_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_WorkInProgressMember" xlink:label="bw2-titel9_WorkInProgressMember_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_WorkInProgressMember_loc" xlink:to="bw2-titel9_BW2_2026-01-01_369_B_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_GeographicAreaInsuranceContractsAxis" xlink:label="bw2-titel9_GeographicAreaInsuranceContractsAxis_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_GeographicAreaInsuranceContractsAxis_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LiabilitiesOtherAxis" xlink:label="bw2-titel9_LiabilitiesOtherAxis_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_610_106_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_610_106_ref">
      <ref:Chapter>610</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>106</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LiabilitiesOtherAxis_loc" xlink:to="bw2-titel9_RJ_2023-01-01_610_106_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LifeInsuranceAndReinsuranceAxis" xlink:label="bw2-titel9_LifeInsuranceAndReinsuranceAxis_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LifeInsuranceAndReinsuranceAxis_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LifeInsuranceAxis" xlink:label="bw2-titel9_LifeInsuranceAxis_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LifeInsuranceAxis_loc" xlink:to="bw2-titel9_BW2_2026-01-01_441_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LoansAdvancesGuaranteesAxis" xlink:label="bw2-titel9_LoansAdvancesGuaranteesAxis_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesAxis_loc" xlink:to="bw2-titel9_BW2_2026-01-01_383e_ref"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2026-01-01_222_311_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2026-01-01_222_311_ref">
      <ref:Chapter>222</ref:Chapter>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>311</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LoansAdvancesGuaranteesAxis_loc" xlink:to="bw2-titel9_RJ_2026-01-01_222_311_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentAxis" xlink:label="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentAxis_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_RJ_2023-01-01_115_214_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_RJ_2023-01-01_115_214_ref">
      <ref:Chapter>115</ref:Chapter>
      <ref:IssueDate>2023-01-01</ref:IssueDate>
      <ref:Name>Richtlijnen voor de jaarverslaggeving</ref:Name>
      <ref:Paragraph>214</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ReceivablesOtherAffiliatedCompaniesCurrentAxis_loc" xlink:to="bw2-titel9_RJ_2023-01-01_115_214_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_LegalEntityName" xlink:label="bw2-titel9_LegalEntityName_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_2014-01-01_380b_A_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_2014-01-01_380b_A_ref">
      <ref:Article>380b</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>a</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_LegalEntityName_loc" xlink:to="bw2-titel9_2014-01-01_380b_A_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ChamberOfCommerceRegistrationNumber" xlink:label="bw2-titel9_ChamberOfCommerceRegistrationNumber_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_2014-01-01_380b_D_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_2026-01-01_380b_D_ref">
      <ref:Article>380b</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>d</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ChamberOfCommerceRegistrationNumber_loc" xlink:to="bw2-titel9_2014-01-01_380b_D_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_BalanceSheetBeforeAppropriationResults" xlink:label="bw2-titel9_BalanceSheetBeforeAppropriationResults_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BalanceSheetBeforeAppropriationResults_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_11_ref"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_BalanceSheetBeforeAppropriationResults_loc" xlink:to="bw2-titel9_BW2_2026-01-01_362_2_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialReportingPeriodEndDate" xlink:label="bw2-titel9_FinancialReportingPeriodEndDate_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriodEndDate_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialReportingPeriod" xlink:label="bw2-titel9_FinancialReportingPeriod_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialReportingPeriod_loc" xlink:to="bw2-titel9_BMJ_2015-11-01_3_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_FinancialStatementsTable" xlink:label="bw2-titel9_FinancialStatementsTable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_FinancialStatementsTable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_361_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_EquityStatementOfChangesTable" xlink:label="bw2-titel9_EquityStatementOfChangesTable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_EquityStatementOfChangesTable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_378_1_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserveStatementOfChangesTable" xlink:label="bw2-titel9_RevaluationReserveStatementOfChangesTable_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveStatementOfChangesTable_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_ClassesOfRevaluationReserveAxis" xlink:label="bw2-titel9_ClassesOfRevaluationReserveAxis_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_ClassesOfRevaluationReserveAxis_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_RevaluationReserveStatementOfChangesLineItems" xlink:label="bw2-titel9_RevaluationReserveStatementOfChangesLineItems_loc"/>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_RevaluationReserveStatementOfChangesLineItems_loc" xlink:to="bw2-titel9_BW2_2026-01-01_396_5_ref"/>
    <link:loc xlink:type="locator" xlink:href="bw2-titel9-cor.xsd#bw2-titel9_AuditorsReportFinancialStatements" xlink:label="bw2-titel9_AuditorsReportFinancialStatements_loc"/>
    <link:reference xlink:type="resource" xlink:label="bw2-titel9_BW2_2026-01-01_393_5_ref" xlink:role="http://www.xbrl.org/2003/role/reference" id="bw2-titel9_BW2_2026-01-01_393_5_ref">
      <ref:Article>393</ref:Article>
      <ref:IssueDate>2026-01-01</ref:IssueDate>
      <ref:Name>Burgerlijk wetboek boek 2</ref:Name>
      <ref:Paragraph>5</ref:Paragraph>
    </link:reference>
    <link:referenceArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-reference" xlink:from="bw2-titel9_AuditorsReportFinancialStatements_loc" xlink:to="bw2-titel9_BW2_2026-01-01_393_5_ref"/>
  </link:referenceLink>
</link:linkbase>
