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Note 21
 12 Months Ended
Dec. 31, 2024
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]  
Disclosure of non current assets and liabilities and disposal groups classified as held for sale [Text Block] Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale
The composition of the balances under the headings “Non-current assets and disposal groups classified as held for sale” and “Liabilities included in disposal groups classified as held for sale” in the consolidated balance sheets, broken down by the origin of the assets, is as follows:
Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale. Breakdown by items (Millions of Euros)
202420232022
ASSETS
Foreclosures and recoveries8479431,070
Other assets from tangible assets (1)
6181,0261,063
Companies held for sale554340
Accrued amortization (2)
(46)(84)(93)
Impairment losses (1)
(645)(1,005)(1,057)
Total 8289231,022
LIABILITIES
Companies held for sale
———
Total ———
(1) The variation in 2024 is mainly due to sales of properties by the companies Tree Investments Inmobiliarias, SOCIMI, SA and Banco Bilbao Vizcaya Argentaria, S.A.
(2) Corresponds to the accumulated depreciation of assets before their classification as "Non-current assets and disposal groups classified as held for sale".
Non-current assets and disposal groups classified as held for sale
The changes in the balances of “Non-current assets and disposal groups classified as held for sale” in 2024, 2023 and 2022, are as follows:
Non-current assets and disposal groups classified as held for sale (Millions of Euros)
NotesForeclosed assets
Property, Plant and Equipment (1)
Companies held for sale
Total
Cost (a)202420232022202420232022202420232022202420232022
Balance at the beginning9431,0701,2189439704524339411,9282,0781,711
Additions 250190211182115—2283192214
Contributions from merger transactions—————592—————592
Retirements (sales and other decreases)(338)(323)(353)(446)(34)(110)——(2)(784)(357)(465)
Transfers, other movements and exchange differences
(8)6(6)57535(3)4(2)461527
Disposals by companies held for sale————————————
Balance at the end8479431,0705729439705543391,4731,9282,078
Impairment (b)
Balance at the beginning299356381706701269———1,0051,057650
Additions 502416645927158———8342221
Additions transfer to discontinued operations————————————
Contributions from merger transactions————————————
Retirements (sales and other decreases)(91)(89)(102)(352)(22)(46)———(443)(111)(148)
Other movements and exchange differences51613(5)1320————17333
Disposals by companies held for sale————————————
Balance at the end237299356409706701———6451,0051,057
Balance at the end of net carrying value (a)-(b)6106447141632362695543398289231,022
(1) Net of accumulated amortization until assets were reclassified as “Non-current assets and disposal groups classified as held for sale”.
As indicated in Note 2.2.6, “Non-current assets and disposal groups held for sale” and “Liabilities included in disposal groups classified as held for sale” are valued at the lower amount between its fair value less costs to sell and its carrying amount. As of December 31, 2024, 2023 and 2022 practically all of the carrying amount of the assets recorded at fair value on a non-recurring basis equals their fair value.
Assets from foreclosures or recoveries
As of December 31, 2024, 2023 and 2022, assets from foreclosures and recoveries, net of impairment losses, by nature of the asset, amounted to €404 million, €460 million and €478 million in assets for residential use; €169 million, €154 million and €199 million in assets for tertiary use (industrial, commercial or office) and €31 million, €26 million and €34 million in assets for agricultural use, respectively.
As of December 31, 2024, 2023 and 2022, the average sale time of assets from foreclosures or recoveries was between 2 and 3 years.
During the years 2024, 2023 and 2022, some of the sale transactions for these assets were financed by Group companies. The amount of loans granted to the buyers of these assets in those years amounted to €12 million, €22 million and €43 million, respectively; with an average financing of 69% of the sales price during 2024.
As of December 31, 2024, 2023 and 2022, the amount of the profits arising from the sale of assets financed by Group companies that are not recognized in the consolidated income statement is not significant.