| INTANGIBLE ASSETS |
NOTE 5 – INTANGIBLE ASSETS | | | | | | | September 30, | | December 31, | | | 2025 | | 2024 | Intangible assets | | 2,703,421 | | 2,403,037 | Impairment allowance | | (90,447) | | (90,104) | | | 2,612,974 | | 2,312,933 |
Movements in Intangible assets (without considering the impairment allowance) are as follows: | | | | | | | September 30, | | | 2025 | | 2024 | At the beginning of the year | | 2,403,037 | | 2,497,530 | Acquisitions through business combination (*) | | 363,205 | | — | CAPEX | | 88,201 | | 37,812 | Currency translation adjustments | | 2,751 | | (10,708) | Amortization of the period | | (153,773) | | (106,453) | At the end of the period | | 2,703,421 | | 2,418,181 |
(*) See Note 16. The evolution of the provision for impairment of intangible assets is as follows: | | | | | | | September 30, | | | 2025 | | 2024 | Balances at the beginning of the fiscal year | | (90,104) | | (90,085) | Increases | | (343) | | — | Balances at the end of the period | | (90,447) | | (90,085) |
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