v3.26.1
Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Financial Instruments [Abstract]  
Schedule of Transactions in Derivative Financial Instruments Financial instruments - the composition of the derivatives
   June 30,
2026		   December 31,
2025		 
   € in thousands 
Derivatives presented under current assets        
Swap contracts   150    110 
Financial power swap   4,907    3,633 
    5,057    3,743 
           
Derivatives presented under non-current assets          
Swap contracts   730    844 
Financial power swap   12,846    11,589 
    13,576    12,433 
           
Derivatives presented under current liabilities          
Swap contracts   (33)   (85)
Financial power swap   (1,501)   (590)
    (1,534)   (675)
           
Derivatives presented under non-current liabilities          
Financial power swap   (967)   (1,300)
    (967)   (1,300)
Schedule of Fair Values of the Other Financial Liabilities

The fair values of the other financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as follows:

 

   June 30, 2026
   Carrying   Fair value   Valuation
techniques for
determining		  Inputs used to
determine
   amount   Level 1   Level 2   Level 3   fair value  fair value
   € in thousands       
Non-current liabilities:                      
Debentures   212,963    218,907    -    -      Market price
Loans from banks and others (including current maturities)   411,101    -    346,956    -   Discounting future cash flows by the market interest rate on the date of measurement.  Discount rate of Euribor+ 2%-2.5% with a zero floor; Euribor+ 5.27%; fixed rate for several years 3.1%-6% Linkage to Euribor; 2.75%-4.78% and 7% Linkage to Consumer price index in Israel; floating interest rate based on the USA Bank Rate minus a spread of 0.75%; floating interest rate based on the Bank of Israel Rate plus a spread of 4.35%; fixed rate of 2.58%-5.5%
    624,064    218,907    346,956    -       
Schedule of Fair Values Hierarchy Level 3: inputs that are not based on observable market data (unobservable inputs).
   June 30, 2026
   Level 1   Level 2   Level 3   Total   Valuation techniques for
   € in thousands   determining fair value
Warrants   (1,548)   
-
    (514)   (2,062)  Fair value is measured using the Binomial Option Pricing Model.
Swap contracts   
-
    847    
-
    847   Fair value is measured by discounting the future cash flows, over the period of the contract and using market interest rates appropriate for similar instruments, including the adjustment required for the parties’ credit risks.
Financial power swap   
-
    
-
    17,753    17,753   Fair value is measured by discounting the future fixed and assessed cash flows, over the period of the contract and using market interest rates appropriate for similar instruments. The value is adjusted for the parties’ credit risks.
Financial power swap   
-
    
-
    (2,468)   (2,468)  Fair value is measured by discounting the future fixed and assessed cash flows, over the period of the contract and using market interest rates appropriate for similar instruments. The value is adjusted for the parties’ credit risks.
Schedule of Reconciliation Financial Instruments Carried at Fair Value

The table hereunder presents a reconciliation from the beginning balance to the ending balance of financial instruments carried at fair value in level 3 of the fair value hierarchy:

 

   Financial
assets		   Financial
liability		 
   Financial power swap 
   € in thousands 
         
Balance as at December 31, 2025   15,222    (1,890)
           
Total income recognized in profit or loss   (3,336)   306 
           
Total income recognized in other comprehensive income   5,867    (884)
           
Balance as at June 30, 2026   17,753    (2,468)