24 04 2025 CCAA ISPD Network, S.A. (EN)

ASSETS

Note

31.12.2024

31.12.2023

NON-CURRENT ASSETS

21,964,662

19,855,673

Intangible assets

6

2,149,668

1,542,534

Assets under construction

485,674

975,768

Computer software

1,663,994

566,766

Tangible fixed assets

5

55,369

166,665

Property, plant and equipment

55,369

166,665

Non-current investments in group and associated

19,381,812

17,727,862

companies

9

16,926,212

17,627,862

Equity instruments

Non-current loans to group companies and associates

8.1 and 18

2,455,600

100,000

Non-current financial investments

8.1

2,610

2,610

Loans to companies

2,610

2,610

Deferred tax assets

13

375,203

416,002

CURRENT ASSETS

5,208,082

7,034,216

Trade and other receivables

4,970,908

4,973,396

Customers for sales and services

8.1

19,406

7,342

Customers, group companies and associates

8.1 and 18

3,980,799

4,337,673

Other receivables from general government

970,703

628,381

Current investments in group and associated companies

8.1 and 18

6,031

1,856,454

Loans to companies

6,031

1,856,454

Current accruals

125,871

44,796

Cash and cash equivalents

8.1

105,272

159,570

Treasury

105,272

159,570

TOTAL ASSETS

27,172,744

26,889,889

Note

31.12.2024

31.12.2023

CONTINUING OPERATIONS

Revenue:

14

7,188,975

8,221,031

Sales

27,955

260,137

Service provision

7,161,020

7,960,894

Work carried out by the company for its assets

72,462

400,000

Procurement:

14

(79,630)

(146,885)

Work carried out by other companies

(79,630)

(146,885)

Other operating income:

8,852

1,586

Ancillary and other current revenues

8,852

1,586

Personnel costs:

14

(3,859,342)

(4,631,020)

Wages, salaries and similar

(3,203,131)

(3,897,396)

Social charges

(656,211)

(733,624)

Other operating expenses

(3,242,889)

(3,740,458)

External services

(3,045,590)

(3,730,417)

Losses, impairment and changes in provisions for trading operations

8.1.1

(195,339)

-

Other current administrative expenses

(1,960)

(10,041)

Depreciation of fixed assets

5 and 6

(467,070)

(279,436)

Impairment and gains/losses on disposal of fixed assets

5

(1,220)

(3,508)

Other results

71,641

32,596

OPERATING INCOME

(308,220)

(146,094)

Financial income:

14

107,001

42,107

Marketable securities and other financial instruments

107,001

42,107

From group and associated companies

18

104,462

41,653

From third parties

2,539

454

Financial expenses:

14

(953,192)

(614,513)

Payable to group and associated companies

18

(727,950)

(68,221)

For debts owed to third parties

(225,242)

(546,292)

Exchange rate differences

12

(250,763)

356,109

Impairment and gain or loss on disposal of financial instruments

(702,650)

-

FINANCIAL RESULT

(1,799,604)

(216,297)

PROFIT BEFORE TAX

(2,107,824)

(362,391)

Taxation of profits

13

(40,799)

(33,545)

Other taxes

(4,032)

(2,110)

RESULT FOR THE YEAR

(2,152,655)

(398,046)

A) STATEMENT OF RECOGNIZED REVENUE AND EXPENSES

31.12.2024

31.12.2023

PROFIT AND LOSS ACCOUNT RESULT

(2,152,655)

(398,046)

Income and expenses recognized directly in equity

B) TOTAL INCOME AND EXPENSES RECOGNIZED DIRECTLY IN EQUITY

Transfers to the profit and loss account

-

-

(C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT

TOTAL RECOGNIZED REVENUE AND EXPENSES

(2,152,655)

(398,046)

(B) STATEMENT OF TOTAL CHANGES IN EQUITY

Registered

(Treasury shares

Result for the

Negative

Reservess

and equity

results of

Total

Capital

year

investments)

previous years

BALANCE BEGINNING 2023

819,099

12,701,235

(665,000)

(142,990)

(5,702,588)

7,009,756

Result for the year

(398,046)

(398,046)

Distribution of the previous year's results.

142,990

(142,990)

-

BALANCE 31 DECEMBER 2023

819,099

12,701,235

(665,000)

(398,046)

(5,845,578)

6,611,710

Result for the year

(2,152,655)

(2,152,655)

Distribution of the previous year's results.

398,046

398,046

Other operations

(6,243,624)

5,845,578

(398,046,00)

BALANCE 31 DECEMBER 2024

819,099

6,457,611

(665,000)

(2,152,655)

-

4,459,055

CASH FLOWS

Note

31.12.2024

31.12.2023

(A) CASH FLOWS FROM OPERATING ACTIVITIES

(1,698,289)

(445,982)

Profit for the year before tax

(2,107,825)

(362,391)

Adjustments to the result

5 and 6

2,381,919

65,059

a) Depreciation of fixed assets

467,070

279,436

(b) Impairment losses

14.b

897,989

-

d) Financial income

(107,001)

(42,107)

e) Financial expenses

14.b

953,192

614,513

(f) Exchange rate differences

12

250,763

(356,109)

g) Gains/losses on disposal of fixed assets (+/-)

1,220

3,508

(h) Other results

(81,314)

(432,596)

(i) Imputation of subsidies (-)

-

(1,586)

Changes in working capital

(1,242,940)

425,866

a) Receivables and other receivables

2,480

(288,143)

b) Other current assets

(81,075)

135,236

c) Creditors and other accounts payable

(1,164,345)

578,774

Other cash flows from operating activities

(729,443)

(574,516)

a) Interest payments

(727,950)

(614,513)

b) Charging interest

2,539

42,107

c) Income tax receipts (payments) (-/+)

(4,032)

(2,110)

(B) CASH FLOWS FROM INVESTING ACTIVITIES

(489,731)

(1,354,695)

Investment payments

6

(489,731)

(1,354,695)

b) Intangible assets

(461,000)

(695,372)

(c) Property, plant and equipment

5

(25,731)

(98,428)

e) Group companies and associates

(3,000)

(560,895)

(C) CASH FLOWS FROM FINANCING ACTIVITIES

2,133,722

1,766,812

Proceeds and payments for financial liability instruments

2,384,485

1,321,787

(a) Issue

3,719,693

2,306,133

1. Debts to credit institutions

3,465,693

1,564,207

2. Payable to group and associated companies (+)

254,000

741,926

(b) Repayment and amortization

(1,335,208)

(984,347)

2. Payable to group and associated companies (+)

(1,286,600)

(977,082)

3. Other

(48,608)

(7,265)

(D) EFFECT OF EXCHANGE RATE CHANGES

(250,763)

445,026

(E) NET INCREASE/DECREASE IN CASH OR CASH

(54,298)

(33,864)

EQUIVALENTS

Cash or cash equivalents at the beginning of the year.

159,570

193,434

Cash or cash equivalents at the end of the year.

105,272

159,570