CONSOLIDATED STATEMENTS OF CASH FLOWS - EUR (€) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Cash flows from operating activities: | ||
| Net loss | € (1,320,353) | € (5,308,332) |
| Changes in operating assets and liabilities: | ||
| Increase in VAT Receivable | (7,807) | (331) |
| Increase in amount due to related parties | 890,915 | 4,709,085 |
| Increase in trade and other payables | 436,577 | 600,257 |
| Net cash (used in)/provided by operating activities | (668) | 679 |
| Net cash from investing activities | ||
| Net cash from financing activities | ||
| Net (decrease)/increase in cash and cash equivalents | (668) | 679 |
| Cash and cash equivalents at beginning of year | 679 | 0 |
| Cash and cash equivalents at end of year | 11 | 679 |
| Non cash investing and financing activities: | ||
| Shares issued for amounts due to related parties | 5,600,000 | |
| Shares issued for trade and other payables | 876,582 | |
| Shares issued for intangible assets | € 65,000,000 | |
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- Definition Adjustments for increase (decrease) in trade accounts payable to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity, from continuing and discontinued operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents, from continuing and discontinued operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities, from continuing and discontinued operations. [Refer: Revenue] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) in cash and cash equivalents after the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of cash and cash equivalents whose use or withdrawal is restricted. [Refer: Cash and cash equivalents] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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