| Cash flow disclosures |
29 Cash flow disclosures | | | | | | | | | At December 31, | | | 2025 | | 2024 | | 2023 | Changes in working capital | | | | | | | Other receivables and credits | | (58,969) | | (68,846) | | (32,429) | Inventories | | (2,470) | | 5,013 | | (1,551) | Other liabilities | | (9,991) | | (69,658) | | (19,323) | | | (71,430) | | (133,491) | | (53,303) |
29 Cash flow disclosures (Cont.) The most significant non-cash transactions are detailed below: | | | | | | | | | For the year ended December 31, | | | 2025 | | 2024 | | 2023 | Intangible assets acquisition with an increase in Other liabilities / Borrowings / Lease liabilities | | (6,661) | | (6,749) | | (1,180) | Intangible assets increase in Other liabilities | | (46) | | — | | — | Property, plant and equipment with an increase in Other liabilities | | — | | (2,737) | | (124) | Right-of-use asset initial recognition with an increase in Lease liabilities (Note 14) | | (2,608) | | (619) | | (5,217) | Concession fees paid with credit of financial re-equilibrium (Note 23) | | — | | (2,200) | | (22,946) | Income tax paid with tax certificates | | (149) | | (6,887) | | (2,339) | Dividends pending of payment | | — | | (12,435) | | — | Acquisition of non-controlling interests through issuance of shares (Note 2 and Note 25.d) | | (40,000) | | — | | — | Application of credits compensated with concession fees | | — | | — | | (19,156) | Purchase of Navinten shares (Note 28) | | — | | — | | (3,384) | Sale of Navinten shares (Note 28) | | — | | — | | 3,384 | ICASGA’s compensation received through a guarantee deposit | | — | | — | | (41,262) | Release of concession fee payable due to ICAGSA’s re-bidding process | | — | | — | | (74,640) | Compensation of ICASGA’s re-equilibriums | | — | | — | | 5,309 | Compensation of ICASGA’s monthly contribution | | — | | — | | (3,767) | ICASGA’s compensation to be collected | | — | | — | | (66,612) |
Reconciliation of debt: According to the IAS 7, the movements in the debt of the year that impact on the cash flow as part of the financing activities are detailed below: | | | | | | | | | | | | | Bank and
financial | | | | | | | | | | | borrowings | | Notes | | Banks overdrafts | | Other | | Total | Values at the beginning of the year | | 282,919 | | 860,063 | | — | | 15,089 | | 1,158,071 | Proceeds from borrowings | | 18,116 | | — | | — | | — | | 18,116 | Loans and interest paid | | (58,119) | | (139,871) | | — | | (844) | | (198,834) | Debt renegotiation expenses | | (193) | | — | | — | | — | | (193) | Effects of exchange rate changes and inflation adjustment | | 32,106 | | (5,267) | | — | | 2,003 | | 28,842 | Other non-cash movements * | | 28,504 | | 59,882 | | — | | 830 | | 89,216 | Balances as of December 31, 2025 | | 303,333 | | 774,807 | | — | | 17,078 | | 1,095,218 |
| | | | | | | | | | | | | Bank and
financial | | | | | | | | | | | borrowings | | Notes | | Banks overdrafts | | Other | | Total | Values at the beginning of the year | | 392,239 | | 940,937 | | 61 | | — | | 1,333,237 | Proceeds from borrowings | | 145,741 | | 29,105 | | — | | 15,499 | | 190,345 | Loans and interest paid | | (231,001) | | (179,025) | | (219) | | — | | (410,245) | Debt renegotiation expenses | | (2,256) | | (200) | | — | | (11) | | (2,467) | Effects of exchange rate changes and inflation adjustment | | (50,613) | | (4,775) | | 4 | | (435) | | (55,819) | Other non-cash movements * | | 28,809 | | 74,021 | | 154 | | 36 | | 103,020 | Balances as of December 31, 2024 | | 282,919 | | 860,063 | | — | | 15,089 | | 1,158,071 |
29 Cash flow disclosures (Cont.) Reconciliation of debt: (Cont.) | | | | | | | | | | | | | Bank and
financial | | | | | | | | | | | borrowings | | Notes | | Banks overdrafts | | Other | | Total | Values at the beginning of the year | | 478,904 | | 986,533 | | — | | — | | 1,465,437 | Proceeds from borrowings | | 81,900 | | 1,682 | | 4,264 | | — | | 87,846 | Loans and interest paid | | (202,341) | | (78,455) | | (3,470) | | — | | (284,266) | Debt renegotiation expenses | | — | | (110) | | — | | — | | (110) | Effects of exchange rate changes and inflation adjustment | | 11,219 | | (20,452) | | (2,141) | | — | | (11,374) | Other non-cash movements * | | 22,557 | | 51,739 | | 1,408 | | — | | 75,704 | Balances as of December 31, 2023 | | 392,239 | | 940,937 | | 61 | | — | | 1,333,237 |
* This line mainly includes interest accrued.
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