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Note 19 - Trade receivables, net

12 Months Ended

Dec. 31, 2024

19 Trade receivables, net

	Year ended December 31,
	2024		2023
Current accounts	1,923,620		2,471,565
Receivables from related parties	32,012		58,370
	1,955,632		2,529,935
Allowance for doubtful accounts, see note 25 (i)	(48,125	)	(49,046	)
	1,907,507		2,480,889

The following table sets forth details of the aging of trade receivables:

At December 31, 2024	Trade Receivables		Not Due		Past due
	Trade Receivables		Not Due		1 - 180 days		> 180 days

Guaranteed	288,388		254,777		33,341		270
Not guaranteed	1,667,244		1,305,338		298,988		62,918
Guaranteed and not guaranteed	1,955,632		1,560,115		332,329		63,188
Expected loss rate	0.03%		0.01%		0.09%		0.33%
Allowance for doubtful accounts	(525	)	(147	)	(323	)	(55	)
Nominative allowance for doubtful accounts	(47,600	)	-		(303	)	(47,297	)
Net Value	1,907,507		1,559,968		331,703		15,836

At December 31, 2023	Trade Receivables		Not Due		Past due
	Trade Receivables		Not Due		1 - 180 days		> 180 days

Guaranteed	261,113		236,714		23,991		408
Not guaranteed	2,268,822		1,613,626		590,236		64,960
Guaranteed and not guaranteed	2,529,935		1,850,340		614,227		65,368
Expected loss rate	0.06%		0.02%		0.18%		0.46%
Allowance for doubtful accounts	(1,636	)	(312	)	(1,249	)	(75	)
Nominative allowance for doubtful accounts	(47,410	)	-		(748	)	(46,662	)
Net Value	2,480,889		1,850,028		612,230		18,631

Trade receivables are mainly denominated in U.S. dollars.