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Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

LEASES

NOTE 16 – LEASES

As of December 31, 2024 and 2023, the Company had the following lease obligations:   

				December 31,				December 31,
Discount Rate		Maturity		2024				2023
1.5 % - 3.0%		2024-2025		€	32,367			€	37,579
1.5 % - 3.0%		2024-2025			3,958				18,487
				€	36,325			€	56,066

Balance - December 31, 2022		€	95,059
Lease liability additions			19,353
Repayment of Lease liability			(60,523	)
Interest expense on lease liabilities			2,177
Balance - December 31, 2023		€	56,066
Lease liability additions from lease modification			41,944
Repayment of Lease liability			(63,996	)
Interest expense on lease liabilities			2,311
Balance - December 31, 2024		€	36,325

On September 8, 2020, the Company entered into a vehicle lease agreement under a four-year term and monthly lease payment of €527.

On June 1, 2022, the Company entered into an office lease agreement under a two-year term extensible for three years upon expiry and monthly lease payment of €3,384 during the first year and €3,492 during the second year. On April 1, 2024, the Company extended the office lease for one additional year starting from June 2024 through May 2025 with a monthly payment of €3,618.

On September 26, 2022, the Company entered into a vehicle lease agreement under a three-year term and monthly lease payment of €420.

On November 15, 2022, the Company entered into a vehicle lease agreement under a three-year term and monthly lease payment of €417.

On August 17, 2023, the Company entered into a vehicle lease agreement under a three-year term and monthly lease payment of €572.

The following table summarizes the maturity of our lease liabilities as of December 31, 2024:

2025		€	33,020
2026			4,000
Total lease payments			37,020
Less: financing cost			(695	)
Lease liabilities		€	36,325

As of December 31, 2024 and 2023, the Company has right-of-use assets as follows:

Balance - December 31, 2022		€	94,106
Additions			19,353
Depreciation			(58,524	)
Balance - December 31, 2023		€	54,935
Additions from lease modification			41,944
Depreciation			(61,568	)
Balance - December 31, 2024		€	35,311

X

- Definition

The entire disclosure for leases.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 16
-IssueDate 2024-01-01
-Section Presentation
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI
-URIDate 2024-03-27

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 16
-IssueDate 2024-01-01
-Section Disclosure
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI
-URIDate 2024-03-27

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X

- References

No definition available.

+ Details

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Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
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Period Type:	duration