v3.26.1
Financial Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Financial Assets and Liabilities [Abstract]  
Schedule of Financial Assets

The following table sets out the financial assets as at the end of the reporting period:

 

   December 31, 
   2025   2024 
Financial assets          
Cash  €16,199   €1,522 
Accounts receivable and other receivables, net   4,117    352 
Receivable for private company shares   7,641    
-
 
Loans receivable*   94    311 
Total  €28,051   €2,185 

 

*Loans receivable for the years ended December 31, 2025 and 2024 is presented in the statement of financial position under prepayments and other current assets.
Schedule of Financial assets amortized cost At the end of our reporting period, management considers the ECL for trade and other receivables is insignificant.
Financial Asset at Amortized Cost  12-Month or Lifetime ECL 

Gross

Carrying

Amount

EUR

  

 

Loss

Allowance

EUR

  

 

Net carrying

Amount

EUR

 
2025               
Accounts receivables  Lifetime ECL - Not credit-impaired   5,006    889    4,117 
Other receivables  12-month ECL   
-
    
-
    
-
 
       5,006    889    4,117 
2024                  
Accounts receivables  Lifetime ECL - Not credit impaired   361    9    352 
Other receivables  12-month ECL   
-
    
-
    
-
 
       361    9    352 
Schedule of Allowance for Expected Credit Losses
   December 31, 
   2025   2024 
Financial assets        
Opening ECL Allowance   9    
-
 
ECL allowance- Juve Stabia acquisition   253    
-
 
Increase in lifetime ECL - charged to profit or loss   1,540    9 
Write-offs during the year (against ECL)   (913)   
-
 
Total ECL Allowance   889    9 
Schedule of Financial Liablities

The following table sets out the financial liabilities at the end of the reporting period:

 

   December 31, 
   2025   2024 
Accounts payable and long term payables  €16,409   €1,466 
Accruals and other current liabilities   1,399    6 
Other long-term liabilities   842    251 
   €18,650   €1,723