v3.25.4
Note 16 (Tables)
 12 Months Ended
Dec. 31, 2025
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]  
Investments In Subsidiaries Joint Ventures And Associates [Table Text Block]
The breakdown of the balance of “Joint ventures and associates” in the consolidated balance sheets is as follows:
JOINT VENTURES AND ASSOCIATES. BREAKDOWN BY ENTITIES (MILLIONS OF EUROS)
2025
2024
2023
Joint ventures
Altura Markets, S.V., S.A.
44
38
31
RCI Colombia
37
37
40
Other
29
19
22
Subtotal1119493
Associates
Metrovacesa, S.A.
282
300
259
BBVA Allianz Seguros y Reaseguros, S.A.
277
265
251
Atom Holdco Limited
222
222
211
Servicios Electrónicos Globales S.A. de C.V.
56
43
36
Other
45
65
127
Subtotal883895883
Total994989976
Joint ventures and associates changes in the year [Table Text Block]
The following is a summary of the changes in the years ended December 31, 2025, 2024 and 2023 under this heading in the consolidated balance sheets:
JOINT VENTURES AND ASSOCIATES. CHANGES IN THE YEAR (MILLIONS OF EUROS)
Notes
2025
2024
2023
Balance at the beginning989976916
Acquisitions and capital increases
2
4
95
Disposals and capital reductions
(55)
(28)
(42)
Transfers and changes of consolidation method
—
(69)
4
Share of profit and loss
39
62
40
26
Exchange differences
(13)
7
16
Impairment / reversal of impairment ⁽¹⁾
32
63
(9)
Dividends, valuation adjustments and other
(23)
(5)
(30)
Balance at the end 994989976
(1) See Note 16.3.