CONSOLIDATED STATEMENTS OF CASH FLOWS - EUR (€) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
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| Cash flows from operating activities: | ||
| Net loss | € (823,977) | € (1,320,353) |
| Changes in operating assets and liabilities: | ||
| Increase in VAT receivable | (8,895) | (7,807) |
| Increase in prepayments | (122,507) | 0 |
| Increase in amount due to related parties | 906,301 | 890,915 |
| Increase in trade and other payables | 48,755 | 436,577 |
| Net cash used in operating activities | (323) | (668) |
| Net cash from investing activities | 0 | 0 |
| Cash flows from financing activities: | ||
| Increase from related party advances, net | 1,370 | |
| Net cash provided by financing activities | 1,370 | |
| Net increase/(decrease) in cash and cash equivalents | 1,047 | (668) |
| Cash and cash equivalents at beginning of year | 11 | 679 |
| Cash and cash equivalents at end of year | 1,058 | 11 |
| Non cash investing and financing activities: | ||
| Shares issued for amounts due to related parties | 0 | 5,600,000 |
| Shares issued for trade and other payables | € 0 | € 919,663 |
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- References 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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- References 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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