Note 57 Tax

The effective tax burden was 62% negative. The difference with respect to the nominal rate (25.8%) is explained by permanent differences between the results for tax purposes and the commercial results reported by the entire group to the holding company. The tax credit of €1 million is made up of a credit of €7 million for the 2023 financial year, a credit of €3 million due to permanent differences and the movement in deferred tax of €9 million.