Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 827

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 827
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 amounted to 30.04% and 13.11% in 2022 and 2021, respectively. Taxable income – increases and decreases The increases and decreases in taxable income are analysed in the following table on the basis of whether they arose from temporary or permanent differences:

| Thousand euro                               |     |      |          |     |      |          |
|                                             |     | 2022 |          |     | 2021 |          |
| Permanent difference                        |     |      |  205,979 |     |      |   53,479 |
| Timing difference arising during the year   |     |      |  298,710 |     |      |  349,070 |
| Timing difference arising in previous years |     |      |   33,704 |     |      |   51,643 |
| Increases                                   |     |      |  538,393 |     |      |  454,192 |
| Permanent difference                        |     |      | -328,741 |     |      | -375,237 |
| Timing difference arising during the year   |     |      |        — |     |      |        — |
| Timing difference arising in previous years |     |      | -177,698 |     |      | -235,012 |
| Decreases                                   |     |      | -506,439 |     |      | -610,249 |

Deferred tax assets and liabilities Under current tax and accounting regulations, certain temporary differences should be taken into account when quantifying the relevant tax expense related to profit from continuing operations. In 2013, Spain made a provision (Royal Decree-Law14/2013) for tax assets generated by allowances for the impairment of loans and other assets arising from the potential insolvency of debtors not related to the relevant taxable person, as well as those corresponding to contributions or provisions in respect of social welfare systems and, where appropriate, early retirement schemes, to be afforded the status of assets guaranteed by the Spanish State (hereinafter, “monetisable tax assets”). Monetisable tax assets can be converted into credit enforceable against the Spanish Tax Authority in cases where the taxable person incurs accounting losses or the institution is liquidated or legally declared insolvent. Similarly, they can be exchanged for public debt securities, once the 18-yearterm has elapsed, calculated from the last day of the tax period in which these assets were recognised in the accounting records. To retain the State guarantee,